Crypto

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

the financial - 19 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...

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

the financial - 18 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...

Saudi asset management industry hits $266bn, poised for further growth: Fitch Ratings

the financial - 18 April, 2025

RIYADH: Saudi Arabia’s asset management industry grew by 20 percent year on year in 2024, pushing the sector’s total assets to SR1 trillion ($266...

Crypto

Bitcoin ETFs See $200M Net Outflows in Fed, CPI Jitters

the financial - 12 June, 2024

U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded the second consecutive day of outflows driven by Grayscale's GBTC. The outflows are likely due to traders derisking...

Crypto

Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record

the financial - 9 June, 2024

The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time...

Crypto

Breaking: Robinhood to Acquire Bitstamp Crypto Exchange in $200 Million All-Cash Deal

the financial - 7 June, 2024

Robinhood Markets has announced an agreement to acquire Bitstamp Ltd., one of the oldest and most respected cryptocurrency exchanges, in a $200 million all-cash...

Crypto

AI Demand Surge Drives Crypto Miners to Transform Data Center

the financial - 6 June, 2024

The surge in GPU demand is driving crypto miners to transform their data centers to meet the needs of the artificial intelligence (AI) industry. According to a recent...

Crypto

FTX Estate Sells Off Remaining Anthropic Holdings Amid Bankruptcy Proceedings

the financial - 3 June, 2024

The FTX estate, led by CEO John Ray III, has divested its remaining shares in Anthropic, the AI startup known for its chatbot Claude,...

Crypto

Bitcoin Price Prediction Following Buterin’s Analysis of Scaling Disputes – Will BTC Adapt?

the financial - 1 June, 2024

Bitcoin (BTC) has failed to sustain its overnight bullish momentum, trading near $67,700. This downturn is influenced by several factors, including a $300 million...

Crypto

Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US

the financial - 1 June, 2024

Ripple CEO Brad Garlinghouse ignited excitement with his bullish forecasts on May 30, particularly regarding the prospect of an XRP exchange-traded fund (ETF). Garlinghouse’s...

Crypto

Bitcoin Price Prediction as Bulls Defend $67,000 Level – Time to Buy?

the financial - 30 May, 2024

Despite hawkish remarks from Federal Reserve officials and stronger-than-expected U.S. economic data, which have reduced the likelihood of a Fed rate cut, Bitcoin (BTC)...

Crypto

Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans

the financial - 29 May, 2024

Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure. Over 140,000 BTC, worth...

Crypto

Security Firm CertiK Detects $5M Security Flaw in Cross-Chain Bridge Wormhole

the financial - 14 May, 2024

Security firm CertiK said it has detected and prevented a flaw in the cross-chain bridge Wormhole which could have resulted in $5 million worth...

Crypto

Wall Street Giants, JPMorgan’s Onyx Eye Industrializing Blockchain PoCs

the financial - 13 May, 2024

Leading financial institutions on Wall Street are shifting their focus towards industrializing proofs-of-concept (PoCs) developed within the blockchain experiment known as Project Guardian. JPMorgan’s blockchain...

Crypto

Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study

the financial - 6 May, 2024

A recent study conducted by Visa and Allium Labs has found that more than 90% of stablecoin volumes do not originate from genuine users. The...

Crypto

Block to Reinvest 10% of Profits into Bitcoin Each Month

the financial - 3 May, 2024

Jack Dorsey-led Block announced plans to allocate 10% of profits from its Bitcoin products toward buying more of the cryptocurrency each month, its quarterly report published Thursday showed. Block...

Crypto

Bitcoin Price Prediction: BTC at $57,520 Amid FOMC Updates and Roger Ver Tax Fraud Allegations

the financial - 2 May, 2024

During the Asian session, Bitcoin (BTC/USD) trades at $57,520, reflecting a 1.25% decrease. This movement is positioned below the pivotal $59,328 mark and suggests a cautious,...

Crypto

Post Bitcoin Halving Miners See Temporarily Higher Fees: CryptoQuant

the financial - 25 April, 2024

Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a record...

Crypto

BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant

the financial - 16 April, 2024

BlackRock’s Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported...

Crypto

Bitcoin Cash Rallies 13% Ahead of BCH Halving, Bitcoin Steady Around $70K

the financial - 29 March, 2024

Bitcoin (BTC) prices were little changed over the past 24 hours amid few catalysts after a volatile week. Prices briefly jumped above $71,000 on Tuesday, but...

Crypto

Bitcoin, Ether Could Witness Upside Volatility as $15B Options Expiry Looms

the financial - 28 March, 2024

The impending quarterly expiry of bitcoin (BTC) and ether {{ETH} options contracts worth several billion dollars could breed bullish price volatility, according to observers. On Friday at...

Crypto

Regulation boosting confidence in cryptos

the financial - 28 March, 2024

Investors in the UAE realised capital gains totalling $204 million from their crypto investments in 2023, according to Chainalysis, a blockchain analysis firm. With...

Crypto

Bitcoin Price Maintains $70,500 as GBTC Net Outflows Exceed $14.1 Billion

the financial - 26 March, 2024

The price of Bitcoin has maintained a level around $70,500 despite recent outflows from spot ETFs. At the time of writing, the leading cryptocurrency is trading at...