Crypto Avanza

12/12/2023

KARACHI: As the chief guest at the Tech Talk event, Pakistan’s interim IT minister made a remarkable statement about PayPal’s arrival in Pakistan. He mentioned that before the interim government completes its term, PayPal will be available in Pakistan. He added that they are aware that Pakistan’s IT dollars are not within the country due to and Stripe not being available in Pakistan.

https://latestupdates.com.pk/2023/12/13/paypal-launches-in-pakistan-ahead-of-interim-govt-term-umar-saif/

12/12/2023

KARACHI: As the chief guest at the Tech Talk event, Pakistan’s interim IT minister made a remarkable statement about PayPal’s arrival in Pakistan. He mentioned that before the interim government completes its term, PayPal will be available in Pakistan. He added that they are aware that Pakistan’s IT dollars are not within the country due to and Stripe not being available in Pakistan.

As the chief guest at the DHA Tech Talk event, Pakistan's Interim IT Minister made a remarkable statement about PayPal's arrival in Pakistan

08/10/2023

Abu Dhabi’s International Holding Company (IHC), a prominent conglomerate in the MENA region, is poised to make a transformative move in the cryptocurrency industry by acquiring a stake in Phoenix Group, a cryptocurrency company, through one of its subsidiaries.

International Tech Group, a wholly-owned subsidiary of IHC, has recently inked a definitive agreement to purchase a 10% stake in Phoenix Group, as revealed on the Abu Dhabi Securities Exchange (ADX) last Friday. The company is currently in the process of finalizing the transaction by completing all necessary procedures and obtaining regulatory approvals.

Abu Dhabi's International Holding Company (IHC), a prominent conglomerate in the MENA region, is poised to make a transformative move in the cr

06/10/2023

In a significant milestone for Saudi Arabia’s growing gaming industry, AstroLabs and IMPACT46, in collaboration with the Saudi Ministry of Communications and Information Technology’s Center of Digital Entrepreneurship (CODE), recently hosted the “Future of Saudi: Gaming Levels Up” event at the cutting-edge CODE Headquarters in Riyadh.

The event attracted a diverse audience, including passionate gamers, gaming entrepreneurs, developers, and key players in the industry. Esteemed figures from the gaming world came together for a thought-provoking panel discussion, shedding light on the future of gaming in the Kingdom.

05/10/2023

In an exciting and pioneering step towards establishing a robust and secure digital assets ecosystem, the Regulatory Authority and the Qatar Financial Centre Authority (QFC Authority) have introduced the QFC Digital Assets Framework. This framework, outlined in a proposed draft legislation, aims to tackle various aspects of digital assets, including legal aspects, ownership, custody arrangements, trading, and smart contracts. Its ultimate goal is to create a reliable technological environment that adheres to international standards while instilling confidence in digital assets, the market, and service providers.

In an exciting and pioneering step towards establishing a robust and secure digital assets ecosystem, the Regulatory Authority and the Qatar Financi

05/10/2023

The International Monetary Fund (IMF) has recently introduced a new method for evaluating the risks associated with cryptocurrencies at the country level. In a working paper released on September 29th titled “Evaluating Macrofinancial Risks Associated with Crypto Assets,” authors Burcu Hacibedel and Hector Perez-Saiz present an innovative approach to identifying vulnerabilities and potential policy responses in the crypto sector.

The central concept in this paper is the Crypto Risk Assessment Matrix (C-RAM), which is designed to assist countries in identifying signs of potential risks within the crypto industry. It also summarizes regulatory actions that can be taken to address these identified risks. The C-RAM aims to provide guidance on understanding the various risks associated with crypto assets, particularly those that could have a systemic impact on global financial stability.

The International Monetary Fund (IMF) has recently introduced a new method for evaluating the risks associated with cryptocurrencies at the country

05/10/2023

The high-profile criminal trial of Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, took an intense turn on its second day. As a pivotal witness for the prosecution, Adam Yedidia, a former FTX software developer and close friend of Bankman-Fried, testified. Yedidia’s testimony shed light on their relationship and the inner workings of FTX.

Adam Yedidia revealed his extensive history with Sam Bankman-Fried, starting as roommates during their time at MIT. Yedidia briefly worked at Alameda Research in 2017 before joining FTX as a developer in January 2021.

The high-profile criminal trial of Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, took an intense turn on its second day.

03/10/2023

Despite opening the week with a bullish trend, most cryptocurrencies are currently in a consolidation phase, including Solana (SOL).

However, there is growing optimism among investors, driven by artificial intelligence (AI) algorithms, which predict a brighter future for Solana by the end of this year.

According to the AI-driven price prediction algorithms on CoinCodex, Solana is projected to reach $39.73 by December 31, 2023. This prediction suggests a potential gain of nearly 65% from its current price, which stands at $24.08 as of the most recent data on October 3, despite a 0.6% decline in the last 24 hours.

02/10/2023

30/09/2023

The Dubai International Financial Centre, a significant financial hub spanning the Middle East, Africa, and South Asia (MEASA), has unveiled an ambitious initiative. This initiative aims to introduce a novel Digital Assets Law, a fresh Security Law, and associated modifications to existing legislation within its jurisdiction.

The primary goal behind these efforts is to adapt to the evolving demands of the burgeoning digital assets landscape within the DIFC and ensure that its legal framework remains aligned with the rapid technological advancements and global market trends.

The Dubai International Financial Centre (DIFC), a significant financial hub spanning the Middle East, Africa, and South Asia (MEASA), has unveiled

30/09/2023

SBI Holdings and TradeFinex have joined forces in Japan to boost the adoption of XDC Network, an enterprise blockchain compatible with the Ethereum Virtual Machine (EVM). TradeFinex, headquartered in the United Arab Emirates, operates a decentralized platform on the XDC Network, serving as a bridge between trade finance originators and various banks and lending institutions.

SBI Holdings and TradeFinex have joined forces in Japan to boost the adoption of XDC Network, an enterprise blockchain compatible with the Ether

30/09/2023

Circle Internet Financial, known for issuing stablecoins, has launched the Perimeter Protocol. This smart contract codebase is meant to be an open-source foundation for creating tokenized credit markets. In simpler terms, it’s a tool that allows developers to build digital credit systems. Circle has outlined that Perimeter Protocol is versatile and can support various credit-related uses, such as invoice factoring, payroll advances, quick settlement for merchants, and credit trading for big investors.

Circle Internet Financial, known for issuing stablecoins, has launched the Perimeter Protocol. This smart contract codebase is meant to be an open-s