As we step into a new year, the blockchain and Web3 industry is set to witness a plethora of innovations, regulatory developments, and emerging trends. For crypto enthusiasts, investors, and professionals, it’s crucial to stay updated with the pivotal events happening each month. January 2024 is no exception, with several high-profile events and project launches […]
Hazem Shawki, a former Goldman Sachs Group, Inc banker who was involved in a 1Malaysia Development Bhd (1MDB) mega deal with fraudster Jho Low, has been appointed to run UBS’ investment bank in the Middle East. Shawki, who was working for Goldman Sachs in Dubai in 2012, was deeply involved with Jho Low and the […]
The United Nations Climate Change Conference (COP28) has sparked optimism and positive momentum in the Middle East, particularly in the realm of sustainable finance. Germany and the UAE have led the way by pledging $100 million to the newly-announced Loss and Damage Fund, a move that was met with a standing ovation from conference delegates. […]
In recent years, there has been a significant shift in the global economic ecosystem as emerging powers challenge the dominance of the US dollar in international trade. China and Saudi Arabia, key players in the BRICS alliance, are leading this movement. They have signed a currency swap agreement valued at $6.93 billion, conducted entirely in […]
BlockDown Festival, in collaboration with BlockShow, is set to bring a Web3 event to Hong Kong in May 2024. The conference, supported by Cointelegraph, will take place at Cyberport, a renowned venue for Web3 companies. The event aims to create a Web3 city with various exhibition spaces, meeting zones, and open-air areas.BlockShow has a history […]
Swift, BNY Mellon, and Deutsche Bank are collaborating on a project to improve commercial efficiency by digitizing freight invoices using blockchain technology. The initiative aims to reduce fraud and costs associated with paper-based invoices. As part of this effort, BNY Mellon and Deutsche Bank recently participated in a trial led by Swift, focusing on the […]
In a recent analysis of XRP-based remittance transactions, intriguing patterns have emerged, shedding light on the distribution and behavior of these transactions. Notably, high-value XRP remittances tend to be concentrated on weekdays, while volumes are consistently lower on weekends.The analysis, based on data from XRPScan, reveals that XRP-based payment counts remain solid throughout the week, […]
In a recent analysis of XRP-based remittance transactions, intriguing patterns have emerged, shedding light on the distribution and behavior of these transactions. Notably, high-value XRP remittances tend to be concentrated on weekdays, while volumes are consistently lower on weekends.The analysis, based on data from XRPScan, reveals that XRP-based payment counts remain solid throughout the week, […]
Paxos, a leading digital asset company, has received provisional approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. This marks a significant milestone for Paxos as it allows them to issue stablecoins backed by US dollars and other currencies, as well as offer crypto-brokerage and custody services from their regulated entities in the […]
The Financial Stability Board (FSB) is calling for greater cooperation among national regulatory bodies in the regulation of cryptocurrencies. Specifically, the FSB is recommending cross-border collaboration in the supervision of multifunction crypto-asset intermediaries (MCIs), which are firms that combine a range of crypto services and products. While these MCIs are critical to the crypto ecosystem, […]
