Binance appoints ex-Singapore CEO as MENA region head

    World’s biggest crypto exchange, Binance appointed Richard Teng, who joined Binance Singapore as its chief executive officer four months ago, on a new role as the global entity’s head for the Middle East and North Africa. According to his LinkedIn profile, Teng was a director for corporate finance at the MAS before. Richard Teng, who…

    Middle East welcomes crypto, while the US is tightening regulations

    Saudi Arabia and the UAE are rolling out a red carpet of easy cryptocurrency regulation, US crypto entrepreneurs say. It’s setting up a contrast to the US, where officials are tightening crypto rules. Financial giants like Goldman Sachs CEO David Solomon and Blackstone CEO Stephen Schwarzman attended the Future Investment Initiative in Riyadh, where joined…

    Bahrain-based CoinMena secures $9.5 million seed round

    Headquartered in Bahrain, fiat-to-crypto exchange CoinMENA has secured $9.5M in seed funding from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, Rua Growth Fund, FTX investment arm Alameda Research and Girnas Capital. CoinMENA will use funds in a move to further dominate the crypto market in the MENA region. Launched in early 2021 by…

    NexChange CEO: Blockchain has already revolutionized the financial industry

    In an interview with Gulf Business, Juwan Lee, chairman and group CEO of NexChange Group, shared his insights on the current market trends and how blockchain technology will revolutionize the financial sector in the Middle East. Speaking regarding the ongoing hype around blockchain technology, Juwan Lee mentioned the fact that the world is moving from…

    Ripple partners with Pyypl to deploy cross-border payment services in the Middle East

    Ripple has announced that it would be partnering with international fintech company Pyypl to deploy the first-in-market On-Demand Liquidity (ODL) services in the Middle East using XRP. While the SEC’s lawsuit against Ripple Labs is confirmed to stretch to 2022, the San Francisco-based blockchain company seems to look overseas more eagerly. Ripple is now intensively…

    Top 4 most popular crypto exchanges in the Middle East

    The Middle East and North Africa regions are relatively new to discovering crypto trading and blockchain technology, but adoption is underway. It seems that the adoption of these technologies by companies and the public in both the Middle East and North African regions is growing exponentially, especially with the acceptance of digital money trading and…