Majid Al Futtaim partners with Binance for crypto payments and Web3 capabilities
04 Jun 2022
422 Views

Majid Al Futtaim (MAF), a UAE-based shopping conglomerate, has partnered with crypto exchange and blockchain infrastructure provider Binance, that will provide MAF to harness Web3 technologies to future-proof its business. The deal will allow customers to purchase with crypto at MAF’s businesses. Even with the latest decline in the crypto market, blockchain technology is rapidly…

DeFi: Stop and Think. Part 1
04 Jun 2022
508 Views

The ongoing cryptocurrency crisis, which coincided with a large outflow of funds from DeFi protocols, is a good reason to momentarily step back from the endless race for profitability and rationally assess the prospects of the decentralized finance industry. Having done so, we will immediately see what we need to change in DeFi to make…

Binance launches a $500 million crypto investment fund for Web3 startups
02 Jun 2022
349 Views

In collaboration with global investors, Binance Labs, the investment arm of Binance, has unveiled a $500 million fund to invest in crypto and Web3 startups at various phases of development. The move is representing the growing optimistic attitude to crypto investments despite the market decline last few weeks. Binance Labs said in a statement that…

Goldman Sachs reportedly discusses the integration of crypto derivatives with FTX

Goldman Sachs, a Wall Street investment bank, is reportedly in talks with crypto exchange FTX as it plans to integrate a few features of its derivatives businesses. The CEOs of the two companies met in the Caribbean to discuss a potential partnership. Also, Goldman Sachs might work with FTX to help the exchange to achieve…

How will Fed balance sheet cuts affect the crypto markets
02 Jun 2022
445 Views

The US Federal Reserve is starting paring back its $9 trillion balance sheet that ballooned in recent years in a move called quantitative tightening (QT). What will happen to the crypto markets when quantitative tightening takes full effect, and the Federal Reserve stops the money printer? Whether QT, starting on June 1, will put an…

UAE’s telco e& launched its first NFT collection
01 Jun 2022
390 Views

UAE telecom firm e& (formerly Etisalat Group) announced launching its first collection of NFTs, becoming the first technology and investment conglomerate in the Middle East to do so. Initially, e& says its NFTs will be available to select investors. The inaugural set of NFTs from e& will be distributed selectively, with the group providing further…