Backpack, the Solana-based NFT wallet app, has made headlines with its announcement of a cryptocurrency exchange launch in Dubai. The company has appointed Can Sun, former general counsel of FTX, to spearhead this exciting venture. Furthermore, the associated NFT project,…
DIFC Propels Dubai as Global Crypto Hub: XRP Approved Under Virtual Assets Regime
Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has announced a significant milestone in Dubai. The Dubai Financial Services Authority (DFSA) has approved Ripple’s digital asset, XRP, for use within the Dubai International Financial Centre (DIFC). This regulatory…
XRP Breakthrough in Dubai, Arthur Hayes BTC Plan, and Massive SHIB Withdrawal: Latest Crypto Highlights
We are thrilled to share groundbreaking news in the world of digital assets. Ripple has made a significant announcement regarding the approval of their digital asset, XRP, by the Dubai Financial Services Authority (DFSA). This development positions Dubai as a…
Dubai Regulator Requests More Information from Binance Amid Tightening Regulations
The Virtual Assets Regulatory Authority (VARA), which oversees crypto activities in Dubai, is increasing its regulatory guardrails by requesting more information from Binance about its business requirements, according to a Bloomberg report. Increased Regulatory Scrutiny in Dubai Citing three anonymous…
Why is Dubai an Attractive Crypto Oasis?
Satoshi Nakamoto launched Bitcoin (BTC) in 2009 as an alternative to traditional finance. He aimed to take back control from the elites and give the common person a chance to take part in a secure, decentralized, and transparent financial system. …
Dubai Mall Store Creates A Virtual Store In the Metaverse
The Dubai Mall’s Etisalat showroom will replicate itself in the metaverse. The prototype was on display at the Gitex conference, which is currently taking place at the Dubai World Trade Center. Digital Shopping In the Metaverse The opening of a…
The UAE Health Ministry Reveals Blockchain Solution for Medical Data
The UAE’s Ministry of Health and Prevention (MOHAP) has teamed up with the Ministry of Presidential affairs as well as Dubai Healthcare City, to launch a Blockchain-based health data storage platform. According to the Emirates News Agency on Feb 2,…
Bahrain looking to attract Fintech Start-ups through a Fast-track Program
The Bahrain economic development board has rolled out a new program that seeks to boost investment in the country by attracting new startups. These startups include crypto businesses, which the government has a special interest in. According to an October…
How did a hacker spike Bitcoin by hacking SEC account?
In a recent high-profile case, an Alabama man was arrested for allegedly hacking into the Securities and Exchange Commission’s (SEC) X account. This incident has drawn significant attention due to its potential impact on the financial markets and the cunning…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
