Author: Crypto Insider

Breaking crypto news from the last week (Jan. 29 – Feb. 4, 2022): Jan. 29: Bahrain-based crypto exchange CoinMENA has obtained a cryptocurrency license from the European Union. As a result, CoinMENA will now be able to expand to new jurisdictions in the MENA region and beyond, as well as increase the number of crypto…

UAE’s engineering firm Al Habtoor Group in partnership with Luna PR, a Dubai-based digital marketing agency, announced “Last Hopium,” an NFT project aimed to use blockchain technology to bridge digital asset holders to big hotels like Ritz, Hilton, and Waldorf. The release of the NFT collection will be during Q1 2022. Al Habtoor Group joins…

Dune Analytics, one of Ethereum’s most popular data visualization and analytics platforms, propelled to Unicorn Status with a $1 billion valuation after a $69 million fundraising round, looking to expand cross-chain. On February 2, Dune Analytics announced the close of a $69,420,000 round at a $1 billion valuation. The round was led by Coatue, a…

Bitcoin and other cryptocurrencies rallied on Friday, reversing losses from a few days ago. Ether (ETH), the world’s second-largest cryptocurrency, gained 13% over the past 24 hours, while an 11% rise in BTC and the NEAR token surged as much as 20%. The rise in altcoins relative to Bitcoin could reflect a greater appetite for…

The DeFi platform Wormhole became the victim of the largest crypto heist this year when an attacker exploited a security flaw to make off with close to $325 million. The attack on the popular bridge linking Ethereum and Solana is among the top five largest crypto hacks of all time. The attack took place on…

Saudi citizens took third place in the Arab world in terms of cryptocurrency owners. Egypt ranked top by the number of crypto users, while Morocco ranked second. According to a study published by crypto analytics company TripleA, 453,000 Saudis in total own crypto assets, ranking third among the Arab countries, Saudi Gazette reported. Egypt ranked…