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UAE and UK Accounting Bodies Partner to Shape Digital Finance Future

[Aug 13 11:20 AM] The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the United Arab Emirates (UAE) Banks Federation to help businesses understand and adapt to the digital asset landscape. The partnership aims to support the…

Investors Accumulate as Bitcoin Dips: Record Transfer to Long-Term Wallets

[Aug 8 3:30 PM] Despite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses…

US Spot Bitcoin ETFs See Record $533.57M Inflows Ahead of Ether ETF Launch

[Jul 23 6:36 AM] Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4…

US leads $1.35B weekly surge in digital asset inflows — CoinShares

[Jul 22 5:39 AM] CoinShares reports an unprecedented inflow into digital asset investment products, signaling growing investor confidence and positive market sentiment.

US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million

[Jul 9 8:30 AM] On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows…

Nigerian blockchain group calls for fair resolution in Binance case

[Jun 27 1:25 AM] BICCoN believes that a balanced approach can help resolve the current challenges and empower Nigeria to create a supportive environment in which the blockchain industry can thrive.

Bitcoin shorts worth $1.4B at risk of liquidation if BTC price hits $74.3K

[May 21 5:11 AM] The recent bullish price momentum is attributed to several factors, including increasing investor confidence, decreasing exchange supply and inflows into spot BTC ETFs.

Nigerian Currency Plunges to New Low Versus the USD, Central Bank Governor Says Naira is ‘Undervalued’

[Jan 28 12:30 AM] The Nigerian currency reportedly plunged to a new low versus the U.S. dollar on the official market on Jan.25. Central Bank governor Olayemi Cardoso has said the naira is currently “undervalued” and that efforts are underway to rectify…

US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%

[Apr 26, 2023 11:30 AM] In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer…

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

[Mar 14, 2023 3:30 PM] After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from…

DMCC Crypto Centre Surpasses 500 member companies in 2022

[Jan 14, 2023 5:30 AM] The presence of over 500 blockchain and Web3 firms inside the Dubai Multi Commodities Centre (DMCC)’s Crypto Centre shows that demand for space is still very high, a statement has said. According to CEO at DMCC Ahmed Bin Sulayem, the…