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Iran's IRGC cryptocurrency project invests $200 million in blockchain for ticketing and payments aimed at Gulf spectators for the 2034 World Cup. It taps Iran's energy surplus for mining amid Bitcoin at $76,161.
Gulf sovereign wealth funds favor gold-backed cryptocurrency over Bitcoin trading at $75,802 USD amid a Crypto Fear & Greed Index of 33. This shift merges Islamic finance principles with blockchain technology for stability.
BIS General Manager Agustín Carstens flags stablecoin risks like evasion and dollarization. USDT dominates at $187.3B, amplifying USD exposure in UAE VARA and Bahrain CBB-regulated markets.
Japanese institutions limit crypto to under 1% amid Bitcoin's $76,140 peak and Fear & Greed Index at 29. Gulf funds PIF, ADIA, and Mubadala echo caution in VARA and ADGM hubs.
BIS General Manager Agustín Carstens warns of stablecoin risks in UAE and Saudi markets. VARA and SAMA advance pilots as USDT pegs at $1.00 USD and Bitcoin reaches $75,690 USD.
Dubai's VARA aligns cryptocurrency derivatives with spot markets for nonstop trading. BTC surges to $75,773 USD amid Fear & Greed Index at 29, powered by AWS and Azure cloud infrastructure.
Amazon's up to $25 billion USD investment in Anthropic bolsters AWS AI tools. Gulf funds like PIF and Mubadala tap Trainium chips for smart cities and Vision 2030 goals.
Bitcoin-beating crypto BNB climbs to $628.72, surpassing Bitcoin's decline. UAE's VARA and Saudi Arabia's SAMA integrate BNB Chain into regional digital asset frameworks.
Gulf investors turn to gold-backed cryptocurrency over Bitcoin at $75,619 USD. Oil volatility and Sharia compliance fuel the shift amid Fear & Greed Index at 33.
West Virginia Dogecoin mining surges using low-cost hydro and coal power as Bitcoin climbs to $75,764 USD. This strategy echoes Gulf states' crypto diversification via VARA and ADIA amid a Fear & Greed Index of 33.
Under-radar crypto XRP trades at $1.41 USD as UAE's VARA and Saudi SAMA advance blockchain for energy trading. Fear & Greed Index at 29 signals caution while BNB rises 0.8%.
BNB cryptocurrency surged 1.2% to $627.28 USD in 24 hours, topping Bitcoin's 0.4% gain. Gulf sovereign wealth funds like PIF and Mubadala eye BNB Chain's energy efficiency for diversification.
Iran's IRGC cryptocurrency project invests $200 million in blockchain for ticketing and payments aimed at Gulf spectators for the 2034 World Cup. It taps Iran's energy surplus for mining amid Bitcoin at $76,161.
UAE VARA and Saudi CMA align cryptocurrency derivatives with spot markets to enable 24/7 trading. Bitcoin surges to $75,911 USD as Fear & Greed Index falls to 33, sharpening Gulf investor advantages.
UAE's VARA and Saudi Arabia's CMA align crypto derivatives with spot markets to enable 24/7 cryptocurrency trading. Bitcoin surges to $75,786 USD (+1.9%), positioning Gulf hubs as global leaders.
BIS General Manager Agustín Carstens warns of stablecoin risks in UAE and Saudi markets. VARA and SAMA advance pilots as USDT pegs at $1.00 USD and Bitcoin reaches $75,690 USD.
Gulf investors turn to gold-backed cryptocurrency over Bitcoin at $75,619 USD. Oil volatility and Sharia compliance fuel the shift amid Fear & Greed Index at 33.
Gulf sovereign wealth funds favor gold-backed cryptocurrency over Bitcoin trading at $75,802 USD amid a Crypto Fear & Greed Index of 33. This shift merges Islamic finance principles with blockchain technology for stability.
Business, energy, and policy from the Gulf weekly.
