Dogecoin (DOGE) surged more than 17% Monday, following several reports that said Twitter is poised to accept Elon Musk’s $43 billion bid, with the potential for the two parties to finalize a deal very soon. Dogecoin supporters are hoping that Musk could boost its usage after taking over the social media platform. The meme token…

Kraken has become the first crypto exchange to be granted a license to operate a regulated digital assets platform in Abu Dhabi, as the Middle East becomes a focus for the crypto industry. The exchange will allow its users to invest, trade, and withdraw virtual assets directly in the United Arab Emirates dirhams (AED). US…

The 22nd global edition of the World Blockchain Summit (WBS) in Dubai saw a lot of the top speakers, including Frederik Gregaard, Faryar Shirzad, Alex Mashinsky, Furqan Rassul, and many more. Held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, a member of the ruling family of Dubai, the summit hosted more…

Breaking crypto news from the last week (Apr. 16 – 22, 2022): Apr. 16: SHAREit Group, a global technology company, presented its ability to connect numerous users in the Middle East. The platform drives around two million new users to various crypto apps each month. Apr. 17: Credit-based stablecoin DeFi protocol Beanstalk Farms built on…

Crypto assets are tracing a path back onto investors’ radar, notes Fred Pye, CEO and Chairman of Canadian investment fund 3iQ Corp. Anticipating the further pivot to crypto, he suggests that what’s happening at the present moment is only accelerating the crypto revolution. According to Frederick Pye’s opinion column on Gulf News, the conflict in…

Crypto exchange Bybit has launched credit and debit card payments, allowing its users to buy crypto directly with their credit or debit cards using fiat currencies. According to a press release, the service will make buying crypto as simple as making any purchase, such as books and clothes, online. Users can simply enter their details,…

Arrival of crypto entrepreneurs and software programmers from Russia comes as the bustling city emerges as a startup hub for the region, reports Sean Mathews on Middle East Eye. In early March, Gleb Mikhailov boarded a flight from Moscow to Dubai. “I saw no future left in Russia,” said the founder of Teamatix, a startup…

YallaMarket, a grocery delivery platform in the UAE, announced Wednesday that they now accept crypto payments for customer orders, while the UAE is crypto-friendly and considered to be the center of cryptocurrency in the Middle East. United Arab Emirates (UAE) has been one of the most aggressive with its crypto adoption strategy. They have talked…

In partnership with TRM Labs, Uniswap Labs is now blocking crypto wallets that are found to be engaged in illegal behavior. The move reveals a trend in the DeFi sector of blocking crypto addresses sanctioned by the US Treasury Department. Uniswap Labs, the Uniswap decentralized exchange protocol’s main developer, has begun blocking crypto wallet addresses…

Venture capital giant Andreessen Horowitz (a16z) is launching a new technological research lab to focus on innovation and problem solving as the world of crypto and blockchain expands and matures. The new team of a16z Crypto Research is staffed with academics aiming to provide deeper insights for the firm’s portfolio companies. In a new press…