Cryptocurrency

US election: Bitcoin price hits record high, touches $75,000

The cryptocurrency surged as Trump held the lead with 267 electoral votes, compared to 224 by Kamala Harris

Dubai Chambers, DMCC partner to attract digital investments

DMCC to offer special business setup support packages for companies, particularly those in crypto, AI and gaming

Cointelegraph establishes Middle East office among 600+ Web3 firms at DMCC Crypto Centre

This collaboration is expected to provide Cointelegraph with valuable opportunities to engage with the broader Web3 ecosystem

Ripple to introduce cross-border payment services in UAE following DFSA approval

Ripple will be the first blockchain-enabled payment services provider to be licensed by the DFSA

Strong regulation, balanced ecosystem boost crypto adoption in UAE: Report

Between July 2023 and June 2024, the UAE received over $30 billion in crypto, ranking the country among the top 40 globally

Crypto exchange Bybit introduces Islamic account to enhance trading access for Muslim communities globally

The account provides Shariah-compliant trading products for Muslim traders in the digital asset market 

Crypto exchange Bybit secures provisional approval from Dubai’s regulator VARA

Bybit launched its sponsorship of the Blockchain for Good Alliance (BGA) at Blockchain Life in April in Dubai 

UAE’s DMCC launches AI Centre to propel global AI solutions

The AI Centre will be part of a newly integrated hub that also includes the DMCC Crypto Centre and DMCC Gaming Centre

Crypto fraud losses surge to over $5.6 billion in 2023, 45 percent increase from 2022: Report

Scammers have increasingly taken advantage of the swift and irreversible characteristics of digital asset transactions, says FBI

$2.3 trillion crypto market reaches new heights, 95 percent more millionaires: Report

The count of Bitcoin millionaires has surged by 111 percent to reach 85,400

ADX-listed Phoenix Group, Tether partner to create UAE Dirham-pegged stablecoin

The value of the global market for stablecoins is currently at $150 billion and is set to grow exponentially to $2.8 trillion by 2028