The UAE and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose.
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Alibaba has no monopoly over “magic” name, says Dubai crypto firm
The Dubai-based cryptocurrency firm Alibabacoin Foundation said Alibaba Group Holding cannot monopolise the “magical” Alibaba name, and asked a US judge to dismiss the Chinese e-commerce retailer’s trademark lawsuit. 0 1574
Nine fundamental factors that can drive the price of Bitcoin
Bitcoin has seen prices fluctuate throughout the day, which shows how volatile the currency is, prompting the question, what leads to such huge movements?
First commodities-backed digital currency launches in Dubai
Freedium, during the Dubai Blockchain Forum, has announced the launch of first commodities backed digital stable currency tracking the US Dollar.
Alibabacoin rebuffs trademark infringement allegations
Dubai-based cryptocurrency company Alibabacoin Foundation has reportedly rejected the allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding, according to Reuters.
Dubai to launch world’s first digital currency for creativity
The Dubai Culture and Arts Authority (Dubai Culture) has launched its blockchain-powered digital bank for art, ArtBank.
Bitcoin falls below $8000 post Twitter announcement
Following Twitter’s announcement of banning cryptocurrency ads, Bitcoin prices lingered around the $8000 mark, according to a report in Bloomberg. …
G20 to hold fire on crypto regulations
Financial policymakers from the world’s top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage.
Google to stop displaying crypto ads
Alphabet Inc’s Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June.
Bitcoin a failed currency, says Bank of England chief
Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful …
Saudi Arabia’s central bank signs blockchain deal with Ripple
Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using …