City Dubai Financial News

15.03 / 14:59

Binance Central Bank Binance, FTX Expand To Arab Gulf States With New Licenses

Major exchanges are intensifying their efforts to gain a foothold in the Arab Gulf States, and the regulators there seem to be more welcoming these days -- specifically, Binancehas secured a license to operate as a cryptoasset service provider in Bahrain, while its rival FTX recently received a digital asset exchange license in the United Arab Emirates.

15.03 / 13:11

Provident Binance Digital Assurant open FTX to Open Regional HQ in Dubai after Acquiring License

Top-notch cryptocurrency exchange FTX is set to open a regional headquarter in Dubai after its virtual-asset license was approved.

15.03 / 12:49

business Binance Dubai Bitcoin ftx crypto exchange open FTX crypto exchange wins license in Dubai to open local headquarters

Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai.

14.03 / 19:15

Investments Dubai Bitcoin Ruble Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests

Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian national currency if a classic bullish continuation pattern plays out.

12.03 / 09:29

Blockchain cryptocurrency Polygon Crypto exchanges Crypto Companies What could drive crypto companies out of India

digital assets is causing thousands of developers, investors and entrepreneurs to leave for places with more friendly regulation, according to the co-founder of the country’s most famous crypto startup. “The brain drain is absolutely crazy,” Sandeep Nailwal, whose Polygon operates the biggest so-called Layer 2 protocol for the Ethereum blockchain system, said in an interview from Dubai. India, with an estimated 15 million active crypto users, has been stuck in regulatory limbo since the Supreme Court in 2020 overturned a central bank ban on digital tokens. The government this year unveiled a tax on crypto transactions without formally declaring that it won’t ban trading, a move that became emblematic of the confusion.

11.03 / 19:51

cryptocurrency safe Russians liquidating crypto in the UAE to seek safe havens

Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.

11.03 / 18:01

Blockchain Digital Metaverse Crypto event in Dubai invites participants to collaborate on creation of digital token

Blockchain, cryptocurrencies and the metaverse are shaping how the world views money, finance and transactions of value in general. Although demonstrating a significant revolution in the fundamental way the world operates, understanding the technology's applicability on a personal basis is an entirely separate conversation.

11.03 / 08:27

Blockchain cryptocurrency Digital Crypto Brain Drain Is "Absolutely Crazy" In India, Says Polygon Co-Founder

Sandeep Nailwal co-founded Polygon in 2017.

10.03 / 12:01

Ethereum CBDC XRP Bitcoin Top cryptocurrency prices today: Bitcoin, Terra, Ethereum zoom up to 6%; Shiba Inu flat

Russia and Ukraine were involved in talks while the US President Joe Biden signed an executive order on cryptocurrency, which hinted towards positive movement over the new-age technology. Barring the dollar-pegged stablecoins, all of the top digital tokens were trading higher on Thursday. Terra zoomed 6 per cent, followed by a 4 per cent rise in Bitcoin and XRP each. Solana, Ethereum, Cardano added 2 per cent each.

09.03 / 20:08

Law regulation Dubai crypto law Dubai establishes virtual asset regulator and announces new crypto law

Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai in the United Arab Emirates who holds several positions including prime minister, has announced a new law on virtual assets as well as the establishment of a crypto regulator.

09.03 / 16:49

business Blockchain Adoption Dubai Lockdown to metaverse: Pandemic leads crypto entrepreneur to new business headquarters

Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities in the country.

04.03 / 18:54

NFT Mining Cointelegraph NFT partnership network Cointelegraph partners with Nitro Network to bring digital mining and decentralized internet to the masses

Over the past few years, nonfungible tokens (NFTs) have become a multibillion-dollar industry and have solidified themselves among the most tech savvy. They have opened the portal to infinite possibilities and carved out a new direction for the future of the internet. Enter Nitro Network, which is set to revolutionize the NFT space and take it to new heights. With its groundbreaking Non-Fungible Miners (NFMs), Nitro Network will solidify the decentralized web, all while offering generous rewards to its users.

01.03 / 09:21

Blockchain cryptocurrency solana hackathon Future Is Solana (SOL) decentralising more? Here's what the future holds for 'the Ethereum killer'

In a market dominated by Bitcoin and Ethereum, Solana (SOL) is carving out a new path to success. Often dubbed "the Ethereum killer", the growing blockchain and cryptocurrency ecosystem is bouncing back quicker from recent crypto losses.

01.03 / 09:03

VISA MasterCard Research Bitcoin Cambridge University launches crypto research project with IMF and BIS

The University of Cambridge is collaborating with some of the world’s top banking institutions and private companies to introduce a new project targeting cryptocurrency research.

24.02 / 19:31

Binance Digital India: Fleeing cryptocurrency companies reveal a worrying tale of regulation

As the global cryptocurrency market is growing further each day, governments around the world are working harder to bring the industry under a regulatory regime. While some countries have managed to enact efficient regulations to cultivate the industry in a safe manner, others have created more uncertainty through opposing stances, and often skeptical stances.

24.02 / 16:55

Government Law Dubai The crypto oasis: How the UAE became the Middle East’s digital asset champion

The United Arab Emirates is reportedly getting ready to start issuing federal licenses for virtual asset service providers (VASPs) by the end of the first quarter of 2022. The move is expected to become part of a complex regulatory framework that the Middle Eastern nation is looking to establish on its way to becoming one of the world’s most crypto-friendly jurisdictions. What could this trajectory look like for the UAE?

23.02 / 16:07

cryptocurrency Provident Binance cryptocurrency news How UAE And Singapore Are Turning Into Crypto Hubs WithIndian Exchanges Moving Base

UAE and Singapore are turning into crypto hubs as many exchanges are moving base

22.02 / 03:19

UPS Ethereum Lowe's Bitcoin Solana: Can social euphoria alone do the trick for SOL

Even though the market saw a green signal, Bitcoin and many other altcoins didn’t register skyrocketing rallies, unlike Solana. In fact, at one point, SOL was up by 12.37% from the lows of 20 February.

21.02 / 15:15

Ethereum cryptocurrency prices today Bitcoin Bitcoin Price Drop Top cryptocurrency prices today: Bitcoin, Ethereum drop; Solana rises 5%

Barring Solana and Terra, all other top digital tokens were trading in lower. Avalanche tanked about 5 per cent, whereas Bitcoin dropped 2 per cent to below $40,000. Among gainers, Solana zoomed about 5 per cent. The global crypto market cap dropped about 2 per cent to $1.78 trillion mark. On the contrary, the total crypto market volume jumped more than 31 per cent to $70.68 billion.

21.02 / 04:53

UPS Ethereum Booking Platform Why are cryptocurrency companies in India booking flight tickets to Dubai?

During a Zoom call late last year, Sandeep Nailwal, the founder of Ethereum scaling platform Polygon, was juggling multiple tasks, flitting in and out of his office cabin in Dubai. “Three-digit million,” he exclaimed, breaking into a wide grin.

17.02 / 15:15

Binance regulation Dubai Crypto License UAE reportedly plans to issue federal crypto license for VASPs

The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers (VASPs) by the end of the first quarter.

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