Abu Dhabi’s MGX makes record $2bn investment in Binance
Binance, the world’s largest cryptocurrency exchange by trading volume, has sold a minority stake to United Arab Emirates state-owned investment firm MGX for $2 billion.…
Category: CRYPTO FINANCE
UAE cryptocurrency firm Phoenix’s CEO buys over 20m shares from open market
Munaf Ali of Phoenix Group has bought more than 20 million shares in the company in recent weeks.Supplied Dubai: Munaf Ali, the CEO of ADX-listed…
Crypto Market Cycle Surprise: Altcoin Surge Missing as ETFs Reshape Investment Flows
The current cryptocurrency market cycle is deviating from established norms, catching many observers off guard. Predictions of a typical altcoin season, especially one following Bitcoin’s…
Crypto Prices Tumble as Trump-fueled Euphoria Fades
Cryptocurrency prices are down sharply in recent weeks and not expected to rebound soon, with some of the biggest digital currencies erasing nearly all of…
Fed decision looms after US gov moves Bitcoin – here’s what to expect
The US Federal Reserve is set to announce its decision regarding interest rates this Wednesday afternoon at around 2PM EDT. As it stands, the Fed…
Hong Kong investment banking giant launches first tokenized commercial paper on Ethereum
share In a landmark development, GF Securities, a leading investment banking giant based in Hong Kong, has announced the launch of Hong Kong’s first tokenized…