Crypto-news

FTX, a Bahamas-based crypto exchange, has received approval to operate as an exchange and clearinghouse in Dubai. The company will build a headquarters in Dubai through a subsidiary. Also, FTX subsidiary operating in Europe and the Middle East will facilitate product offerings in the region. According to a report by Reuters, FTX will begin offering…

The Federal Reserve has hiked interest rates by another 75 basis points. This comes after inflation in the US had hit a 40-year high of 9.1% in June. The crypto market has rallied in response, despite the Fed’s repeated rate hikes are promoting concerns of a recession. Since Wednesday, US interest rates have returned to…

Unstoppable Domains raised $65 million in Series A funding, reaching a $1 billion valuation. The firm plans to use the funds to reduce the friction of crypto payments between applications and build reputation-based Web3 reward programs. Unstoppable Domains, a firm building digital identity markers as NFTs, announced on July 27 that it raised $65 million…

UAE ranks 4th among the most crypto-ready countries, while Hong Kong takes 1th place. The US and Switzerland follow Hong Kong, taking the 2nd and 3rd spots, respectively. Hong Kong also ranks 3rd among the countries with the most crypto ATMs per 100,000 people. Hong Kong, the USA, Switzerland, and the UAE rank high among…

Crypto exchange Kraken is reportedly under investigation for allegedly violating federal sanctions and providing services to Iranians. The US Department of Treasury is investigating Kraken, the NYTimes sources said. The US Treasury Department has been keeping Kraken under the radar since 2019 and is also imposing a fine on the exchange, according to the news…

The Dubai Police announced that it plans to roll out the 2nd edition of its NFT collection during the Gulf Information Technology Expo (GITEX) 2022, which will be held between 10-14 October 2022. In this edition, the force will give out 150 free NFTs in a raffle draw, while about 23 million people showed interest…