Crypto

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

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

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 

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...

Bitcoin Price Prediction: Perspectives from Mike Novogratz, Ordinals Milestone, and SEC’s Request to Coinbase

In this update, we will delve into the perspectives shared by renowned figures like Mike Novogratz of Galaxy Digital and significant milestones achieved by...

Deloitte Partners with Chainalysis to Enhance Digital Asset Tracking and Investigations

Accounting giant Deloitte has partnered with blockchain security firm Chainalysis to enhance digital asset tracking and investigations.  In a recent blog post, Chainalysis said the collaboration will allow them to...

Celo Proposal to Migrate to Ethereum Layer 2 Passes

CLabs, the developer behind the Celo blockchain, has seen its proposal to transition Celo from an independent layer-1 blockchain to an Ethereum layer-2 solution pass on...

Curve Finance Drained of $50M While CRV Token Sinks 12% in Latest DeFi Exploit

Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit. Curve relies on smart contracts...

Crypto.com Receives Registration Approval From The Dutch Central Bank – Here’s the Latest

Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services provider. Contributing to Crypto.com’s regulatory license momentum,...

Sequoia Capital Cuts Crypto Fund by Over 65% to $200 Million – What’s Going On?

Venture capital giant Sequoia Capital has slashed the size of its cryptocurrency fund by over 65%, reducing it from $585 million to $200 million,...

Biggest Crypto Gainers Today on DEXTools – HUTAO, $PAAL, HOPPY

Major blue chip cryptocurrencies for the most part remain within this week’s ranges, with bitcoin (BTC) in the low $29,000s and ether (ETH) in...

NFTs Created by 99-Year-Old Artist Vera Molnár Sold for $1.2 Million

Computer-generated non-fungible tokens (NFTs) created by innovative Hungarian artist Vera Molnár sold out for ETH 631.  Per the current prices, this is worth $1,178,520. 'Themes and...

Web3 Neobank ‘hi’ Secures $30 Million Investment from Animoca Brands to Strengthen NFT Utility

The Lithuania-based Web3-focused neobank hi has secured a $30 million investment from the major metaverse investor Animoca Brands to strengthen the real-world utility of cryptocurrencies and...

Ethereum Infrastructure Provider Flashbots Raises $60 Million in Series B Funding – Crypto Bull Market Back?

Ethereum (ETH) infrastructure provider Flashbots has raised $60 million in its Series B funding round, signaling a potential resurgence in the crypto bull market.  The funding round was...

Bitcoin Dips as DXY, US Yields Rise on Strong US Economic Data – Here’s Where BTC is Headed Next

Bitcoin (BTC) has come under modest sell pressure on Thursday amid a rise in US bond yields and the US Dollar Index (DXY) as...

Bitcoin Price Prediction: USD Strengthens on Q2 GDP Release, BTC Reacts to Market Developments

In the dynamic world of cryptocurrencies, the price of Bitcoin stands at $29,270, registering a decline of nearly 1% on Friday.  As the market evolves, various factors...

Crypto bill passes congressional committee in victory for industry

A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill...

Crypto Broker Hidden Road Collaborates With Confidential Exchange Enclave Markets

The partnership combines a confidential trading environment with execution and settlement done directly from custody via Hidden Road’s network. Hidden Road, a cryptocurrency brokerage and...

Bitcoin, Ether CME Futures Saw Record Participation From Large Traders in Q2

Bitcoin futures institutional interest continued to increase throughout the quarter as investors sought regulated venues/products to hedge rising market volatility and manage risk and...

Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature

The US crypto industry has a new favorite banking partner, a small Pennsylvania-based called Customers Bank. According to a Bloomberg article citing sources familiar with the matter,...

X Token Blasts Up 5,000% in 24 Hours as Elon Musk-Inspired Coins Go Viral But Crypto Whales are Accumulating This Lesser Known Crypto Instead

Decentralized Exchange (DEX) markets have experienced a significant upheaval this week, largely driven by tech guru Elon Musk.  After Elon's Twitter rebranding to 'X', a...

Crypto exchange Rain to target UAE asset managers after winning license

Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service...

Dogecoin Rises After Twitter Rebranding, Bitcoin Slides to $29K

One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news. Dogecoin (DOGE) jumped as much...

Binance Labs Pours $10 Million into Cross-Chain DeFi Lender, Radiant Capital

Crypto exchange Binance’s venture capital arm – Binance Labs – has invested $10 million in Radiant Capital, a marketplace for providing liquidity and borrowing...

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

RIYADH: Electronic payments made up 79 percent of all...

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

RIYADH: Despite rising global trade tensions and heightened market...

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

RIYADH: Saudi Arabia’s asset management industry grew by 20...

Mortgage securitization can offer Saudi banks funding boost: Fitch  

RIYADH: Saudi banks could unlock additional funding and expand...

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

Bullion remains heavily supported by a broadly weaker dollar,...