Some Tesla investors, along with environmentalists, have been increasingly critical about the way bitcoin is “mined” using vast amounts of electricity generated with fossil fuels. Musk said on Wednesday he backed that concern, especially the use of “coal, which has the worst emissions of any fuel.” So how dirty is the virtual currency? Power hungry…

Ruja Ignatova of OneCOIN allegedly owns 230,000 bitcoins, worth more than $ 11 billion. Known as “The Crypto Queen”, she received bitcoins from a member of the royal family of the Emirates in Dubai, according to documents filed by victims of the Onecoin scheme Onecoin’s Cryptoqueen May Have $11 Billion in Bitcoin Onecoin’s Ruja Ignatova…

We speak to a Dubai-based digital artist and graphic designer, Gigi Gorlova, who recently sold her 3D artwork as NFTs, becoming one of the first digital designers in the UAE to become a crypto-verified artist. A graphic designer by profession, Gigi has over 12 years of experience, making digital graphics for a wealth of organizations…

A team based out of Sydney, Australia is building what it claims is the world’s first “Shariah-guided” decentralized finance platform to navigate a course between the advantages of DeFi and the beliefs of Islamic finance. The Marhaba Decentralized Financial Platform — Marhaba translates to “welcome” in Arabic — is expected to launch in the coming…

The influence of Elon Mask’s tweets on cryptocurrency, why mining Bitcoin is dangerous for the environment and what is happening with DOGE Bitcoin was pinned near its lowest in more than two months on Friday and headed for its worst week since February, while dogecoin leapt by a fifth as tweets from Tesla boss Elon…

Dina Saman tells about CoinMENA’s concept, cryptocurrency trading, expansion plans, gives an overview of operations and tells how she got involved with crypto. CoinMENA is a fully-regulated, onshore, and Sharia-compliant crypto assets exchange What is the concept behind Coinmena? Within the Middle East and North Africa, there is a growing appetite from both retail and…

3IQ’s rapidly-growing Bitcoin Fund turns its sights to the Middle East. 3IQ Corp, the company behind a $1.45 billion Bitcoin Fund listed on the Toronto Stock Exchange (TSX), is gearing up to list it on Nasdaq Dubai, local outlet The National reported today. “We’re aiming for listing in the second or third week of May…

3F Music studio recently bought non-fungible tokens (NFT) versions of iconic Internet memes for nearly  $1m 3F Music studio in Dubai has been making headlines for its digital collectibles shopping spree, with the recent purchase of four iconic Internet memes for about $993,000. The music studio recently bought the non-fungible tokens (NFT) versions of the…

Company’s website states: «We are delighted to announce that our BitOasis ADGM registered entity has been granted a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE) and we’re currently working towards the migration of our operations towards launch. As…

Dogecoin (DOGE) underwent a strong bullish run last week to reach new highs at over $0.70, before experiencing a fall in price as sellers looked to book profits at the time of Elon Musk’s appearance on Saturday Night Live (SNL). The pricing-in of the event took place at a time of massive volatility for the…