Uae Financial News

27.12 / 14:21

business OTC Crypto OTC trading to get traction due to FTX fiasco, exec says

Before the rise of centralized exchanges (CEXs), over-the-counter (OTC) trading was the go-to method to buy or sell cryptocurrency for many crypto investors. The FTX collapse could trigger a bigger demand for crypto OTC services as investors are looking for alternative methods to convert from and to fiat due to weaker trust in CEXs.

20.12 / 14:15

Terraform Labs Terra Experts Explain Why Do Kwon May Be in Serbia

South Korean legal experts have been giving their thoughts on why the missing Terraform Labs co-founder Do Kwon may have chosen to take up residence in Serbia.

16.12 / 04:13

COST Hedge fund talent picks Middle East over London and New York, headhunters say

Amid the rising cost of living and higher taxes, top hedge fund talent is moving away from financial centres like London and New York to the UAE, Saudi Arabia, Kuwait, and Bahrain, according to headhunters.

14.12 / 12:37

cryptocurrency NFT Short video app Chingari looks to expand into new markets in 2023, ramp up hiring

Chingari, a short video platform, plans to expand into new global markets in 2023, including Latin America, Africa, and Europe. According to a company executive, the platform also plans to hire at least 400-500 people across its global offices, more than doubling its current headcount of approximately 250 people.

13.12 / 18:45

Blockchain Crypto hotspots continue to thrive despite FTX collapse

The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation.

13.12 / 12:33

Blockchain Provident Digital Platform place 10th Global Blockchain Congress by Agora Group Took Place on November 23rd & 24th at Sofitel Dubai The Palm

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

02.12 / 22:37

regulation Social Media Bankruptcy blast Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing with its own liquidation, according to bankruptcy lawyers.

30.11 / 10:51

Adoption Payments regulation Brazil passes law to legalize crypto as a payment method

While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country.

28.11 / 15:17

Europol helps take down cocaine 'super cartel' in six-country bust

A drugs cartel believed to control up to a third of Europe's cocaine trade was taken down in a six-country bust, with 30 tonnes of drugs seized, Europol said on Monday.

25.11 / 13:13

Blockchain Law How does the FTX collapse affect Dubai's crypto ecosystem?

With the FTX contagion affecting various sectors of the global crypto ecosystem, Dubai-based industry leaders commented on how the debacle will affect the budding crypto hub within the United Arab Emirates (UAE).

24.11 / 15:31

business regulation FTX UAE regulator revokes FTX license amid the exchange collapse

As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license which allows FTX to make preparations to service the local market.

22.11 / 21:33

business Binance Funding Middle east recovery Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund

Changpeng Zhao, chief executive officer of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund.

21.11 / 03:55

business FTX Bankruptcy Lawyers Getting funds out of FTX could take years or even decades: Lawyers

While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.”

17.11 / 20:11

Ripple FTX Updates Ripple CEO Says Current Crisis Will Make Crypto Stronger, Announces Huge Updates

While FTX’s sudden collapse continues to fuel uncertainty among the world’s crypto investors, some industry representatives believe that the cryptosphere could emerge stronger from the turmoil. This is according to Brad Garlinghouse, the CEO of US blockchain company Ripple Labs, who has also announced major updates.

17.11 / 16:05

European Union Culture Bruno Carbone: One of Europe's most-wanted criminals arrested in Syria

An Italian drug trafficker, one of Europe's most-wanted criminals, has been arrested in Syria and extradited to Italy, according to Italian officials and a Syrian jihadist rebel group.

16.11 / 19:17

Binance Bitfinex Gaming Financial News Summary: SBF May be Brought to US for Questioning, FTX Australia’s Financial License Suspended, FTX Bahama-based Subsidiary Files for Bankruptcy

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

16.11 / 18:03

Adoption Binance regulation services Financial Abu Dhabi grants Binance financial services permission, economist hits out

Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region.

16.11 / 16:13

regulation investigation FBI Fried Extradition US reportedly considering Bankman-Fried extradition for questioning

In the aftermath of the FTX exchange liquidity crisis and bankruptcy, the United States and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankamn-Fried, former CEO of the company, back to the U.S. for questioning.

16.11 / 15:09

Blockchain Adoption Digital Court UAE regulator adopts blockchain to speed up commercial judgments

A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments.

16.11 / 13:49

Executive recovery Changpeng Zhao: Significant Interest In Crypto Industry Recovery Fund, Says Binance Chief Executive

More details concerning the fund will be available over the next two weeks, Zhao said.

15.11 / 13:45

Middle east Elections Law Decoded, Nov. 7–14: How regulators reacted to the FTX crash

Last week was tough — the alarming series of crypto meltdowns continued with the failure of FTX, one of the biggest exchanges on the market. The crypto industry’s very own “Lehman Brothers moment” pushed regulators to react. United States Senator Cynthia Lummis, famous for her openly pro-crypto position, promised deliberate with her colleagues on whether there was market manipulation, while Maxine Waters, chair of the United States House of Representatives Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection.

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