Dubai’s ascent to fintech, Web3 and AI dominance
While Hong Kong and Singapore compete for the top spot, Dubai is already shaping the future of fintech and Web3, writes Mohammad Alblooshi, chief executive officer of the DIFC Innovation Hub.
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Moody’s unveils AI that predicts stablecoin depegging
The artificial intelligence service is designed to predict the depegging of stablecoins in 24-hours.
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Proof Group among three top bidders for FTX relaunch: report
Proof Group is also part of the group that won the bid for bankrupt crypto lender Celsius.
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Yuga Labs, Magic Eden to launch Ethereum NFT marketplace with enforced royalties
Magic Eden Ethereum will be the first major marketplace to contractually obligate creator royalties.
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SBF conviction closes “dark chapter” in crypto: Yat Siu
Siu said this marks the crypto industry’s evolution from the FTX collapse and the Terra-Luna meltdown.
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Bitcoin up 0.25% as U.S. jobs creation slows
Bitcoin was trading above US$34,000, as the decreasing job creation in the U.S. fueled hopes of another interest rate pause.
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Okto pledges US$5 mln to support Vauld users
The US$5 million fund aims to help Vauld users who can’t withdraw their assets from the platform.
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SOL up over 21% in a year since Alameda’s balance sheet hole came to light
SOL rose over 319% in 2023 so far, despite concerns around FTX’s lawsuit.
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XRP approved by Dubai’s Financial Services Authority
The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement.