Crypto jobs in UAE: BitOasis cuts its staff, while Binance hires dozens

    BitOasis, a UAE-based Middle East crypto exchange, said it laid off nine of its staff in the face of a downturn and market turmoil. Contrary, Binance has listed over two dozen openings in the Emirates. Founded in Dubai in 2015, BitOasis serves English and Arabic-speaking customers in the Gulf. “Earlier this week, nine employees were…

    Cristiano Ronaldo and Binance partner to make NFT collection

    Portuguese professional footballer Cristiano Ronaldo and crypto exchange Binance have signed a multi-year joint marketing agreement. As a part of the deal, multiple Ronaldo NFT collections will be produced each year of the deal and released exclusively on the Binance NFT marketplace. “Together, we’ll give you the opportunity to own an iconic piece of sports…

    Kraken and Binance accelerate hiring drive amid crypto industry’s job cuts

    Crypto exchanges Binance and Kraken, reportedly along with layer-2 sidechain Polygon, are looking to add staff amid crashing crypto markets. While Coinbase, BlockFi, and Crypto.com are among the crypto-related companies announcing layoffs this week. The US-based crypto exchange Kraken revealed on June 15 that it has not altered its recruiting strategy and does not expect…

    SEC launches investigation against Binance’s BNB token

    The US Securities and Exchange Commission (SEC) is reportedly investigating whether Binance’s BNB token was a security during its sale in 2017. In recent months, Binance has faced scrutiny from a variety of US regulators. As Bloomberg reported on Monday, the SEC has launched a probe into the BNB token. The US securities regulator is…

    Majid Al Futtaim partners with Binance for crypto payments and Web3 capabilities

    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…

    Binance launches a $500 million crypto investment fund for Web3 startups

    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…