Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrency tokens are about to enter the mainstream. Ripple, a crypto company that issues the token XRP as well as its own stablecoin called RLUSD, has invested heavily […]
Laser Digital become the first entity to Secures Approval From Dubai’s VARA for OTC Crypto Derivatives
Dubai, UAE – August 7, 2025 — Laser Digital, the digital asset subsidiary of Japan’s Nomura Bank, has become the first firm to receive a limited license to offer regulated over-the-counter (OTC) crypto derivatives under the Dubai Virtual Asset Regulatory Authority (VARA)’s pilot framework. With this milestone, Laser Digital is now the first regulated entity […]
BingX Labs marks one year of Web3 & AI innovation with $16mln in strategic investments
Over the past year, BingX Labs has established itself as a key strategic investor, partner, and developer ally, driving innovation at the intersection of Web3, AI, and decentralized finance. Dubai, August 4, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, announced the first anniversary of BingX Labs, its dedicated investment and incubation arm. […]
Phoenix Group Announces Q2 2025 Results: Robust Mining, $150M+ Crypto Treasury Formalized, AI Expansion; Stock Price Surged 72% in Quarter
Abu Dhabi, United Arab Emirates, 31 July 2025 – Phoenix Group PLC (ADX: PHX), a pioneering global cryptocurrency, blockchain, and digital asset infrastructure company, today announced its Q2 2025 results, including formalizing a digital asset treasury valued at over $150 million. Q2 2025 Highlights: Strategic Treasury Launch: First ADX-listed company to formalize a $150M+ treasury […]
eToro launches 24/5 trading on 100+ top US stocks for UAE investors
Clients will now be able to trade actual assets continuously from Monday 12:00 to Saturday 04:00 (GST), covering pre-market, main session, after-market and overnight hours. Dubai, United Arab Emirates: Trading and investment platform eToro, today announced an upgraded 24/5 trading experience for all clients outside the United States. For retail investors in the UAE, this update opens […]
RAKBANK becomes the first UAE conventional bank to facilitate Crypto Brokerage Service
Dubai, UAE: RAKBANK has announced the launch of its crypto brokerage service via its mobile app for retail customers, becoming the first conventional bank in the UAE to enable crypto trading services for its customers. With this new offering, RAKBANK customers can buy, sell, and swap cryptocurrencies by accessing Bitpanda’s crypto trading platform through RAKBANK’s mobile […]
OKX marks UAE growth milestone with launch of regulated retail derivatives pilot offering
Retail traders in the UAE can now unlock access to institutional grade derivatives trading and access 5x leverage, previously reserved for qualified investors only. Regulated retail derivatives to give traders greater flexibility, risk control, and strategic options across all market conditions. Arabic and English language user education tools and risk management features are being rolled […]
Gulf Craft becomes first MENA shipyard to accept regulated Crypto-to-Fiat Payments
Dubai, UAE – Gulf Craft now offers a fully regulated crypto-payment solution for yacht and leisure craft purchases, service and refit works, reinforcing both the shipyard’s appetite for innovation and the UAE’s growing stature as a global hub for digital assets. “By integrating ARP Pay, Gulf Craft not only meets evolving client preferences but also strengthens the UAE’s […]
MultiBank Group’s $MBG utility token soars on first day of launch
Pre-sale buyers had the opportunity to enter at the exclusive price of $0.35, with $MBG surging to $1 shortly after trading opened. UAE – MultiBank Group, one of the world’s largest and most regulated financial derivatives institutions, saw its $MBG Utility Token triple in value within hours of launching on major international platforms. Pre-sale buyers had the […]
JPMorgan considers offering loans backed by clients’ cryptocurrency holdings: FT reports
The move comes as other major U.S. banks, including Bank of America and Citibank, are developing stablecoins. JPMorgan Chase is exploring plans to offer loans backed by clients’ cryptocurrency holdings, including bitcoin and ethereum, as early as next year, the Financial Times reported on Tuesday, citing people familiar with the matter. The move comes as […]