Crypto-news

On Tuesday, The International Monetary Fund (IMF) issued a report on global financial stability, detailing how a spike in crypto trading could disrupt the global financial system and demanding “strengthening macroeconomic policies.” Also, the war in Ukraine is revealing the risks of crypto payment systems, the IMF said. The IMF has published the “Global Financial…

Credit-based stablecoin DeFi protocol Beanstalk Farms built on Ethereum has lost $182 million as a result of a flash loan attack on Sunday. As Bloomberg reported, the hacker got away with $80 million in crypto tokens. The hacker got away with $80 million that was funneled through Tornado Cash, a cryptocurrency mixer protocol allowing private…

Poor macroeconomic sentiment and increasing fears of a recession in the West laid the backdrop for cryptocurrencies to lose 4% of their market capitalization on Monday, with several major tokens taking hits of up to 8%. Bitcoin traded below pivotal support of $40,000 during European trading hours, reaching its nearly lowest price in a month….

The UAE will see rapid growth in crypto activities, Sandhya D’Mello predicts in Khaleej Times. Meanwhile, the Abu Dhabi Global Market (ADGM) has already 11 fully licensed and approved in-principle virtual asset players in its community. The UAE known to be at forefront of innovation and emerging technologies will witness more global players descend on…

Dubai Multi Commodities Centre (DMCC) has revealed crypto and blockchain firms constituted 16% of the 655 new company registrations that were recorded in Q1 of 2022. The surge in crypto-related registrations also coincided with a quarterly period in which the DMCC is reported to have recorded its highest quarterly performance since inception. One of the…

Breaking crypto news from the last week (Apr. 9 – 15, 2022): Apr. 9: In the UAE, cryptocurrencies have rapidly been gaining appeal among younger demographics. Latest surveys by market researcher YouGov revealed over 54% of residents aged between 18 and 35 years are expressing increased openness towards crypto. Apr. 10: CryptoCompare tracker data shows…