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Ripple Enters the Middle East With Game-Changing Dubai License

Ripple Enters the Middle East With Game-Changing Dubai LicenseRipple secured regulatory approval from a Dubai financial authority, marking its first Middle East license and positioning it as a leader in blockchain-powered payments amid growing institutional adoption. Ripple Just Got Regulatory Approval in Dubai Ripple announced on March 13 that it has secured regulatory approval from the Dubai Financial Services Authority to offer blockchain-powered […]

BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Stablecoin Issuer Tether’s USDT Potentially Seeing Rise in Adoption in Sanctioned Countries: Report

Stablecoin Issuer Tether’s USDT Potentially Seeing Rise in Adoption in Sanctioned Countries: Report

The world’s largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations. Citing data from market intelligence platform Chainalysis, Bloomberg reports that stablecoin issuer Tether’s USDT is seeing increased usage at time zones correlated with major cities in Eastern Europe, the Middle East and Africa, including sanctioned nations such […]

The post Stablecoin Issuer Tether’s USDT Potentially Seeing Rise in Adoption in Sanctioned Countries: Report appeared first on The Daily Hodl.

BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Arthur Hayes Predicts Bitcoin Boom Amid Middle East Tensions and Inflation

Arthur Hayes Predicts Bitcoin Boom Amid Middle East Tensions and InflationFormer Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC’s value surging in fiat terms, with newly printed dollars flooding the market. But while bitcoin’s future looks bright, Hayes warns investors […]

BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens

Peter Schiff Predicts Gold Could Soar to 0,000 as US Dollar WeakensEconomist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy on national debt. Schiff warned of potential […]

BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’

Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven conflicts. Kiyosaki Warns of World War III Amid Rising Global Tensions The […]

BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip

Standard Chartered Sees Buying Opportunity as Bitcoin Nears K DipStandard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price and the U.S. presidential race. Former President Donald Trump’s improving odds could enhance bitcoin’s long-term outlook, but a […]

BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Bitcoin tanks, gold rebounds as Israel vows Iran ‘will pay’ for attack

The price of Bitcoin fell about $4,000 after Iran fired some 180 ballistic missiles at Israel, escalating the conflict in the Middle East. 

Update (Oct. 2 at 5:40 am UTC): A previous version of this article suggested Larry Fink’s comments about Bitcoin as an inflation hedge on Fox Business was recent. This has been amended to reflect the correct date.

Commodities including gold and crude oil rose as the specter of war looms in the Middle East. Still, Bitcoin is moving in the opposite direction, leading to renewed debate over whether it’s a safe-haven asset. 

Gold prices gained 1.4% on the day to reach $2,665 per ounce on Oct. 1, just shy of its all-time high, according to Goldprice.org. Meanwhile, crude oil prices spiked as much as 7% to reach $72 per barrel.

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

MiCA threatens crypto firm exodus to Middle East: Regulatory expert

The upcoming regulatory framework could threaten a mass crypto exodus to the Middle East due to more favorable regulations.

Europe’s upcoming cryptocurrency regulatory framework could reduce the number of Web3 firms in the region and introduce new centralization-related concerns.

The Markets in Crypto-Assets (MiCA) bill is the world’s first comprehensive regulatory crypto framework, widely seen as a net positive for the industry.

While MiCA legitimizes the crypto ecosystem, it also threatens to introduce consolidation among crypto firms, according to Anastasija Plotnikova, CEO and co-founder of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Animoca Brands plans return to stock market by 2025

Animoca Brands is considering a public market return after four years of delisting in Australia, eyeing more receptive jurisdictions like Hong Kong and the Middle East.

Gaming and metaverse giant Animoca Brands is reportedly considering returning to the public market after delisting from the Australian Securities Exchange (ASX) in March 2020.

This time, the company is targeting friendlier jurisdictions, specifically analyzing Hong Kong and the Middle East, according to The Information on June 26, citing the company’s co-founder, Yat Siu.

Animoca has been holding meetings with investment banks but has not chosen a location or hired an adviser, notes the report. The company is headquartered in Hong Kong, with offices and subsidiaries in several other countries.

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle EastThe International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks […]

BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future