Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market rally. The rise follows Bitcoin's climb above $54,000 on Monday, a milestone not reached since December 3, 2021. The cryptocurrency has been experiencing a bullish trend since January 11, when...

Dubai, UAE--Bitcoin stormed above $45,000 on Tuesday for the first time since April 2022. Bitcoin touched a 21-month peak of $45,532, having gained 156% last year in its strongest yearly performance since 2020. It was last up 2.5% at $45,318 but remains far off the record high of $69,000 it...

DOHA, QATAR- Thousands of cryptocurrency industry developers have left the United States because of its negative stance towards the sector, the head of one of the pioneer exchanges told an international forum on Thursday. Despite a "wild year" of scandal and failure in 2022 when the FTX exchange and a...

The European Parliament approved the comprehensive rules to regulate the "Wild West" world of cryptocurrencies, hoping to protect investors against abuse and manipulation. EU member states have already backed the legislation covering cryptoassets, including cryptocurrencies such as bitcoin and ethereum and other tradable tokens whose value is secured using blockchain...

Regulators have begun to pay attention, with US Securities and Exchange Commission Chairman Gary Gensler suggesting proof-of-stake looked like a securities market that would fall under his remit.

Leading cryptocurrency figures hailed on Thursday the completion of one of the biggest software upgrades the sector has ever attempted, an overhaul of the Ethereum blockchain aimed at reducing its massive energy consumption. Developers had spent years working on an energy-efficient version of Ethereum, a digital ledger that underpins tens...

Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital ledger that underpins a multibillion dollar ecosystem of cryptocurrencies, digital tokens (NFTs), games and apps.

There will be some volatility in the sector for a long time to come because it is an early-stage market, says Valerie Hawley, Affiliate Founding Partner at True Global Ventures 4 Plus.

The hack, which last month targeted players of the popular game Axie Infinity, was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity promotions and promises of untold wealth.

A school in Dubai has said it will be the first school in the Middle East to let parents pay tuition fees using cryptocurrency. Citizens School, which is set to open doors in September 2022, said it will accept payments from the two major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH),...

Most NFTs are currently traded on Ethereum, which reportedly uses as much electricity as all of the Netherlands, with a carbon footprint comparable to Singapore's.

Due to growing environmental consequences, even though proof-of-work was spared in the EU for now, it is simply too fragile to operate harmlessly through an ever-changing regulatory environment and the ascending intention to be sustainable from regulators, users, and developers across the globe, he adds.

In 2021, the total market capitalization for the crypto market increased from around $800bn to $2.2trn. The year also witnessed some of the important developments in the crypto market.

Experts believe that 2022 will be a milestone year for bitcoin, with the ups outweighing the downs. Cryptos may suffer in the early part of 2022 due to concerns over the overall macroeconomic environment, with Covid-related uncertainty and inflation being high and central banks unsure whether to be proactive in...

An NFT by digital artist Beeple was auctioned at Christie's in March for $69.3 million in March this year.

Even as the GCC countries dither to embrace cryptocurrencies, the UAE has made some significant strides in this regard.