Author: Crypto Insider

As the Russian invasion of Ukraine enters its second month, Gita Gopinath, the International Monetary Fund (IMF) official, has warned that the financial sanctions imposed on the invading country, including restrictions on its central bank, could have some wide-reaching effects on currencies. With this, the Chinese yuan and cryptocurrencies could see their adoption accelerate with…

BitOasis, a Middle East-focused crypto exchange based in the UAE, has received provisional approval from Dubai’s new crypto regulator (VARA), while the UAE pushes to become a global hub for the virtual asset sector. Earlier this month, Dubai enacted its first law governing digital assets, establishing the Virtual Asset Regulatory Authority (VARA) to oversee the…

Crypto exchange Bybit announced Monday an opening of its global headquarters in Dubai, while crypto platform Crypto.com said it would establish a regional hub there. These moves drive the UAE drive to become a global center for the crypto sector. “Bybit has received in-principle approval to conduct a full spectrum of virtual assets business in…

Ronin Network, an Ethereum-based sidechain created by Axie Infinity developer Sky Mavis to support its popular NFT-based game, was exploited by an unknown hacker and lost roughly $625 million worth of crypto on Tuesday. It may be the largest exploit in DeFi history. The Ronin Network published a blog post explaining how its network was…

How will blockchain change the future of investing? What trends and features awaiting retail crypto investors? What’s the right fundraising model for your project? These topics were highlighted on the closing day of Binance Blockchain Week 2022, which was held in Dubai from 28 to 30 March 2022. The annual Binance Blockchain Week involves the…

Citizen School in Dubai has announced that it will be accepting cryptocurrencies, such as Bitcoin and Ethereum, as payment. The school, which is scheduled to open later in 2022, has become the first in the Middle East to have this option. According to Arabian Business, Citizens School, located in Dubai, will accept tuition payments in…