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

Crypto Miner Phoenix Group Reports 50% Jump in Net Income

the financial - 16 February, 2024

UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following...

Crypto

What is the Bitcoin Lightning Network?

the financial - 16 February, 2024

The Bitcoin Lightning Network is a secondary layer on the Bitcoin network that allows fast and nearly free Bitcoin transactions. Launched in 2018, the...

Crypto

Bitcoin euphoria is back as investors prepare for the quadrennial ‘halving’

the financial - 14 February, 2024

Bitcoin rose to $50,000 Monday for the first time in two years, fueled by a rush of new-investor enthusiasm and growing anticipation over a...

Crypto

BlackRock’s Bitcoin ETF Inflows Climb to Fifth-Highest Among All ETFs in 2024

the financial - 8 February, 2024

Only 17 days after its launch, the BlackRock iShares Bitcoin Trust (IBIT) has become one of the top five exchange-traded funds (ETFs) of 2024...

Crypto

Bitcoin climbs above $42,000 with jump of 5.7%

the financial - 29 January, 2024

ISTANBUL Bitcoin's price climbed above $42,000 on Friday with a daily surge of 5.7%, strongly rebounding from its steep losses in recent days. The price of...

Crypto

Humans still cheaper than AI in vast majority of jobs: MIT study

the financial - 25 January, 2024

Artificial intelligence can’t replace the majority of jobs right now in cost-effective ways, the Massachusetts Institute of Technology found in a study that sought...

Crypto

CryptoPunks Top Sales Volume Charts – Top NFT News Today – 23 January

the financial - 23 January, 2024

The non-fungible token (NFT) market is up 12.5% over the past 24 hours. It now stands at $39,251,556. Buyers and sellers are both up around...

Crypto

Cryptoverse: Will bitcoin behave better on Wall Street?

the financial - 23 January, 2024

Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may have to grow...

Crypto

How are Indian crypto exchanges faring after govt crackdown?

the financial - 22 January, 2024

Indian cryptocurrency exchanges are navigating challenges and adapting strategies in response to regulatory developments and shifts in the crypto landscape.Facing regulatory uncertainty and high...

Crypto

Grayscale CEO says most of the 11 approved bitcoin ETFs won’t survive, defends highest fees in industry

the financial - 22 January, 2024

DAVOS, Switzerland — Grayscale Investments CEO Michael Sonnenshein told CNBC that most of the approved bitcoin exchange-traded funds won’t survive, while defending the highest...

Crypto

5 OG Crypto Coins That Can Pump in the 2024 Bull Run

the financial - 4 January, 2024

A market sell-off over the past day has seen Bitcoin’s price tumble by over 10%, with the cryptocurrency dropping from roughly $45,500 to as...

Crypto

Bitcoin Slumps as $400M Liquidated in Two Hours

the financial - 4 January, 2024

Financial services company Matrixport said it expects the SEC to reject all ETFs applications this month. Bitcoin slid 8% on Wednesday as jitters around the...

Crypto

Bitcoin rises to highest level for first time in 21 months on ETF approval hope

the financial - 3 January, 2024

Bitcoin surpassed $45,000 for the first time in nearly two years as anticipation of an approval of an exchange-traded fund investing directly in the...

Crypto

Nasdaq to Utilize Technology Developed for Cryptocurrency to Power Carbon Markets

the financial - 13 December, 2023

Nasdaq is set to leverage the technology it developed for its cryptocurrency venture to expand into emerging markets. The renowned stock exchange operator, which recently...

Crypto

Top Miners Spend $1.2 Billion In Pre-Halving Machine Shopping Spree + More News

the financial - 8 December, 2023

The upcoming Bitcoin (BTC) halving and the recent market rebound from the 2022 bottom seem to have bolstered mining companies’ capital expenditure, according to the latest Miner Weekly...

Crypto

Pyth Oracle Network Brings Industry Heavyweights Into Governance Post-Airdrop

the financial - 5 December, 2023

The low-latency oracle network's new "strategic partners" include Castle Island Ventures, Multicoin Capital and Wintermute Ventures. They could play a major role in shaping...

Crypto

Crypto Miner Phoenix Group’s Shares Surge 35% in Abu Dhabi Stock Market Debut

the financial - 5 December, 2023

In November, the UAE-based company said its initial public offering (IPO) was 33-times oversubscribed. Shares of cryptocurrency miner Phoenix Group (PHX) rose 35% to 2.03...

Business

BlackRock Received $100K Seed Funding for Spot Bitcoin ETF

the financial - 5 December, 2023

BlackRock (BLK) revealed that it received $100,000 as “seed capital” for its proposed bitcoin (BTC) exchange-traded fund, the investment giant disclosed in a fresh application with...

Crypto

Netherland-based Crypto Exchange Bitvavo Secures Regulatory Approval in France

the financial - 24 November, 2023

Dutch-based cryptocurrency exchange Bitvavo has received regulatory green light in France to act as a digital asset service provider. In a Nov 23 press release, the...

Crypto

Today in Crypto: Binance Shows Greater Net Flows Resilience, Capital is Flowing Out of US into Asia, OKX Applies for Hong Kong VATP License

the financial - 24 November, 2023

Market news Contrasting with the crisis experienced by exchanges like FTX, Binance has demonstrated greater resilience in its net flows, according to digital asset data provider CCData. During the FTX crisis,...