Bahrain’s crypto exchange Rain to lay off dozens of its staff

    Rain Financial Inc., a Bahrain-based crypto exchange, has said they will lay off over a dozen employees as crypto markets remain red. The move follows news of workforce reductions at a number of exchanges in the US and worldwide. Coinbase-backed Rain Financial, a major crypto exchange based in Bahrain, has laid off dozens of employees,…

    Binance gets full operation license in Bahrain

    The Central Bank of Bahrain (CBB) has granted Binance, the largest global crypto exchange, a Category 4 license to operate as a crypto-asset service provider (CASP). The license allows it to offer a full-suite of crypto exchange services in Bahrain. Meanwhile, Binance will also be aiding Kazakhstan in the creation of a regional blockchain hub….

    CoinMENA and Beyon Money launch cashback for crypto deposits

    Beyon Money cardholders in Bahrain now will earn 3% to 5% cashback for using their cards to deposit into their crypto wallets on CoinMENA. CoinMENA and Beyon Money’s partnership will further solidify Bahrain’s position as a leading crypto hub in the Middle East. CoinMENA has partnered with Beyon Money, a financial service app powered by…

    This year cryptocurrency will come of age in the Middle East

    Areije Al Shakar, the senior vice president at Bahrain Development Bank & director at Al Waha Venture Capital Fund of Funds, revealed her thoughts on Wamda. Banks and financial regulators in the Middle East have been slower to embrace cryptocurrency than Europe and the US. Before the pandemic, the Middle East’s crypto market was still…

    FTX and Binance get approval for a crypto license in Dubai

    Popular crypto exchanges FTX and Binance have received new licenses to operate in Dubai and Bahrain. Crypto giants are setting up the stage for a major push in the Middle East. FTX’s European and Middle East affiliate (FTX Europe & MENA) announced Tuesday it had been licensed to establish and operate Virtual Asset Exchange and…

    The NFT MENA Exhibit 2022 to bring blockchain-based art to Bahrain

    The NFT MENA Exhibit 2022, the first-ever art fair in the Middle East highlighting how artists can use blockchain-based NFT technology in their work, is set to take place in the kingdom next month, ahead of the Bahrain Gulf Air Grand Prix. The fair will take place from March 16 to 18 at the Ritz-Carlton…