Crypto

E-payments account for 79% of Saudi retail transactions in 2024: SAMA

the financial - 17 April, 2025

RIYADH: Electronic payments made up 79 percent of all retail transactions in Saudi Arabia in 2024, up from 70 percent the previous year, according...

Gold rates on April 17: Precious metal hits all-time high; here’s how much it costs in your city today

the financial - 17 April, 2025

Bullion remains heavily supported by a broadly weaker dollar, uncertainty around tariff announcements and fears about growth slowdown," said Manav Modi from Motilal Oswal...

GCC banks poised to weather global trade turbulence: S&P report

the financial - 17 April, 2025

RIYADH: Despite rising global trade tensions and heightened market volatility, banks across the Gulf Cooperation Council are expected to remain resilient, according to a...

Crypto

Spot Bitcoin ETFs See Largest Outflows Since May 1, Totaling $287M

the financial - 8 September, 2024

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday According to data from SosoValue,...

Crypto

Analysts Caution 20% Bitcoin Decline as US Rate Cut Fuels Recession Fears

the financial - 6 September, 2024

A long-awaited interest rate cut by the United States Federal Reserve could have an unexpected impact on Bitcoin, potentially driving its price down, according...

Crypto

GCC can have big role in bitcoin mining’s green energy-driven future

the financial - 2 September, 2024

As bitcoin mining undergoes major changes, the GCC region can have an important role in the transformation, which is being driven by a focus...

Crypto

UAE: Now, deposit or withdraw cryptocurrencies in dirhams through this bank

the financial - 30 August, 2024

UAE residents can now deposit and withdraw UAE dirhams against cryptocurrencies they are holding. Crypto.com and Standard Chartered Bank have tied up to enable near-real-time...

Crypto

Crypto crime falls 19.6 per cent YTD signalling growing maturity of digital assets ecosystem

the financial - 29 August, 2024

In addition to the SEC’s approval of Spot Bitcoin ETFs in January, and the unveiling of the Central Bank of the UAE’s stablecoin regulations...

Crypto

Bitcoin Millionaires Soared by 111% to 85,400 in 2024, Thanks to Crypto ETFs: Report

the financial - 28 August, 2024

There are 85,400 crypto millionaires worldwide, which is a 111% increase from the past year, a new report reveals. International wealth and investment migration specialists...

Crypto

Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain ‘Soneium’

the financial - 23 August, 2024

The new project, "Soneium" will be a layer-2 network atop the Ethereum blockchain, using technology from Optimism's OP Stack.Sony, the Japanese electronics giant famous...

Crypto

Trump’s Election Odds Are Not The Dominant Driver of Bitcoin’s Price, Data Show

the financial - 19 August, 2024

Many crosscurrents influencing prices, such as U.S. monetary policy expectations and supply overhangs, might be responsible for the weak correlation between election odds and...

Crypto

Tether Sets Sights on AI and Emerging Tech Amid Surging Profits

the financial - 13 August, 2024

Tether is redirecting its rising profits into artificial intelligence (AI) and emerging technologies under the leadership of CEO Paolo Ardoino. Tether’s 5.5% Interest Rate on...

Crypto

Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week

the financial - 12 August, 2024

Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.BTC and the broader...

Crypto

Riot Platforms Reports Q2 Loss After Bitcoin Halving

the financial - 1 August, 2024

Bitcoin mining firm Riot Platforms reports a total revenue of $70.0 million from the $76.7 million recorded in the same period last year. The drop is...

Crypto

Cryptoverse: Like a bond with no yield? Investors split on ether ETFs

the financial - 24 July, 2024

It may take a little more time for ether to edge out of bitcoin’s shadow. Investors are more cautious and divided ahead of the US...

Crypto

Crypto Market Maker Wintermute in Talks for $100M Funding Round to Expand Operations

the financial - 22 July, 2024

Crypto market maker Wintermute Trading is currently engaged in discussions to conduct a new fundraising round. The company aims to sell shares worth $100 million,...

Crypto

Crypto Custody Firm Copper Receives Key License in Hong Kong as it Expands in Asia Pacific

the financial - 18 July, 2024

The license permits the holder to provide trust and corporate services in the region.Crypto custody specialist Copper has secured a Trust or Company Service...

Crypto

Crypto Bulls Frustrated as Bitcoin and Stocks Recouple – to the Downside

the financial - 13 July, 2024

A continuing series of record highs for the S&P 500 and Nasdaq over the past weeks has done nothing to prop up sliding crypto...

Crypto

Ethereum ICO-Era Stalwart Golem Sent $100M Ether to Exchanges in the Past Month

the financial - 8 July, 2024

The protocol was one of the first ICOs on Ethereum, raising $8.6 million worth of ether in 29 minutes and setting the precedent for...

Crypto

Bitcoin slides to four-month lows on liquidation fears, ether sinks 9%

the financial - 7 July, 2024

Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long-lost tokens from a defunct Japanese...

Crypto

Dubai crypto platform opens Bahrain office in GCC expansion drive

the financial - 21 June, 2024

BitOasis, which recently reopened its Dubai platform, said on Thursday that it would open an office in Bahrain as part of its GCC expansion...

Crypto

Taiwan Crypto Advocacy Body Becomes Formally Active With 24 Entities

the financial - 18 June, 2024

As many as 24 cryptocurrency-related entities have come together to form the Taiwan Virtual Asset Service Provider Association. The building blocks of the industry association...

Crypto

Here’s Why Bitcoin’s Not Keeping Pace With Nasdaq

the financial - 15 June, 2024

Bitcoin lost 6% in one week even as Nasdaq climbed to an all-time high. Crypto-specific factors like profit-taking by holders and increased selling by miners...