Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg
Binance plans to start a recovery fund to help projects with strong fundamentals, but suffering from a liquidity crisis. Original Source
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Middle East, Asia and Africa blockchain association launches in Abu Dhabi
A new blockchain and cryptocurrency-focused association has been launched within Abu Dhabi's free economic zone that aims to further the development of blockchain and crypto ecosystems across the Middle Eastern, North Africa, and Asian regions.The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) was officially launched on Nov.
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Middle East gets physical Bitcoin ETP listed on Nasdaq Dubai
The Middle East, one of the world’s fastest-growing crypto markets,
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Crypto Investment Product Firm 21Shares Launches Bitcoin ETP in Middle East
“The UAE, and broader [Gulf Cooperation Council], is a market of significant strategic importance to our business, and we are excited about the opportunity this market opens to us,” Sherif El-Haddad, who joined the firm in August as Middle East head, said in a statement. Original Source
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Middle East/North Africa Was Fastest-Growing Crypto Market Over Past 12 Months: Chainalysis
The largest increase in percentage terms was in Egypt, where crypto transaction volume more than tripled. Chainalysis cited the devaluation of the Egyptian pound of 13.5% as well as the country's remittance market. Remittances account for about 8% of Egypt's gross domestic product. Original Source
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Crypto Exchange CoinCorner Eyes Middle East Expansion Via Partnership With Emirates CEO's Private Office
U.K. crypto exchange CoinCorner is looking to expand across the Middle East through a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum, CEO of the Emirates airline and member of the ruling family of the United Arab Emirates (UAE). Original Source
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Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’ – Finance Bitcoin News
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide lower, edging toward “extreme fear.” Furthermore, the chief
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The Middle East Could Adopt Bitcoin Soon – Serbian Monarch
Summary: Filip Karadjordjevic surmised that Bitcoin might experience adoption by a Middle Eastern country sooner than you think.The Hereditary Prince of Serbia and Yugoslavia shared his theory on a recent podcast.Karadjordjevic believes that BTC is perfect for some Arab states since they operate with Sharia law.Digital assets are increasingly popular in
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Middle East Oil Producers Move Into Bitcoin Mining With Crusoe Energy Stakes
It is not just an issue in the U.S. but “a global problem with a global impact,” said Lochmiller, with his company noting the MENA region were responsible for over 38% of the global flaring in 2020. Oman accounted for about 1.8% or 2,517 million cubic meters of that emission,
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Middle Eastern Crypto Exchange Rain Lays Off Dozens of Employees: Report
The move follows news of workforce reductions at a number of crypto exchanges in the U.S. and worldwide. Original Source
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