Fitch Ratings said in a note on Monday that El Salvador’s move to embrace Bitcoin as legal tender poses a serious risk to its local insurance companies. As Fitch said, Salvadoran insurers will be under pressure to quickly convert Bitcoin to dollars to avoid price risk; otherwise, they could face steep losses. In June, Salvadoran…

The next wave of crypto adoption in the Middle East is likely to come from citizens in unstable countries facing crucial inflation like Iran and Lebanon. While some countries continue to restrict crypto trading and mining, digital transformation in the Middle East has proceeded at a rapid pace. Nimrod Lehavi, the founder of Simplex and…

Launched in the UAE, the 6-part online course in crypto aims to help young students understand the power of the crypto market, Khaleej Times reported. The program covers subjects from the history of money to how to create one’s own non-fungible token. Carfax Education, a UAE-based global education group, has created an innovative course for…

The Circle company, known as the issuer of the USDC stablecoin, is set to become a US national commercial bank – a digital bank that combines crypto and fiat payments. This is yet another way the cryptocurrency industry is invading traditional banking. We have only just written about how crypto exchanges are becoming competitors of…