Crypto Exchange Bitget Opens Dubai Office, Plans Middle East Expansion
The crypto trading platform plans to hire up to 60 new members of staff in the region. Source
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BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers
In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub (BISIH) submitted two reports — on cryptocurrency and central bank digital currencies (CBDCs) — on July 11. The reports reached very different conclusions about the related technologies.The
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UAE emerges as a pro-Bitcoin mining destination in the Middle East
The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin (BTC) mining destination in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused companies with over 30 free trade zones and a growing contribution to the Bitcoin mining hash rate.The UAE’s
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OKX Middle East Receives MVP Preparatory License From VARA in Dubai – Blockchain News, Opinion, TV and Jobs
UAE to serve as strategic global and regional business hub, OKX to expand to 30 staff OKX, the second-largest crypto exchange by trading volume and a leading
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DeFi Platform Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East
Stablecoins anchor their price to an external asset, usually to a government-issued fiat currency, and allow cheaper and faster transactions using blockchain technology. Despite its growing adoption in developing countries, U.S. dollar-denominated stablecoins dominate the market, representing roughly 99% of the combined supply, according to CoinGecko data. Source
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Reef Labs Is Launching a $10M Accelerator Program to Empower Web3 Projects in the Middle East – Press release Bitcoin News
press release PRESS RELEASE. Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain, which are based out of the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3
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Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert – Mining Bitcoin News
A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said. Advanced Crypto Mining Facilities in Abu Dhabi
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Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary – Economics Bitcoin News
Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury
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Bitcoin is in the middle of accumulation, on-chain data shows
In recent developments, multiple indicators by Glassnode suggest that bitcoin (BTC) is currently in an accumulation phase. Several on-chain data points have reached all-time highs (ATH), indicating increased interest and long-term holding among the investors. This metric measures the percentage of the total bitcoin supply that has not been moved for
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China’s international blockchain BSN Spartan gets new push in Middle East, Africa
Red Date Technology, the developer of China’s state-backed blockchain infrastructure Blockchain-based Service Network (BSN), has partnered Dubai-based fintech firm Singularity Innovations to offer blockchain infrastructure services in the Middle East and Africa.See related article: China’s international blockchain push may face Huawei-like obstaclesFast factsAs part of the collaboration, Singularity Finance, an
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