In a stunning turn of events, Chinese startup DeepSeek’s latest artificial intelligence model, DeepSeek R1, has captured global attention by overtaking ChatGPT to secure the number one spot on Apple’s App Store in the United States. This remarkable achievement underscores the company’s rapid rise in the competitive AI landscape. The DeepSeek R1 model has been hailed […]
London – Bitcoin soared to a record high of $109,241 on Monday as anticipation grew over Donald Trump’s impending inauguration as the next U.S. president. The cryptocurrency briefly surged past the historic milestone before settling at around $107,500. The world’s largest cryptocurrency has been on a remarkable rally since Trump’s victory in November’s presidential election, crossing […]
UAE, Dubai: XTB, a fintech company that provides access to global financial markets through an online investment platform and mobile app, has obtained two new licenses, allowing it to commence operations in Indonesia and strengthen its presence in the Middle East region. XTB is one of the leading investment applications in Europe. It has ambitious plans […]
SAN FRANCISCO — Elon Musk’s artificial intelligence company, xAI, has secured $6 billion in a Series C financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. The latest round saw participation from prominent investors including Andreessen Horowitz, BlackRock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, […]
Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators. December 25, 2024 Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to […]
Collaboration focuses on expanding access to seamless, secure, and innovative payment solutions across Eastern Europe, the Middle East, and Africa and Mastercard will make a minority investment in Dgpays as part of this partnership. 18 December 2024, Turkey – Mastercard has announced a strategic partnership with Dgpays, a leading financial technology provider, to advance the adoption of […]
Middle East expansion: Company strengthens international presence and signals commitment to Middle East by opening its first non-European office in Dubai. Dubai, UAE – Bitpanda, Europe’s leading crypto platform, is accelerating its global growth by obtaining an in-principle approval from the Virtual Assets Regulatory Authority (VARA) in under 8 months from submission. Once officially licensed Bitpanda will […]
NEW YORK: Several key players in President-elect Donald Trump’s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs. Speakers include the president-elect’s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder […]
Bitcoin crossed the $100,000 threshold for the first time on Thursday, marking a significant milestone in its journey from a niche libertarian experiment to a mainstream financial asset. The historic rally reflects growing investor confidence in cryptocurrencies amid expectations of a crypto-friendly U.S. administration. The total market value of cryptocurrencies has nearly doubled in 2024, […]
Bahrain, December 4, 2024 – Crypto.com has secured a principal licence with Mastercard, enabling the company to directly issue cards on Mastercard’s network. Crypto.com will launch a card in Bahrain powered by Mastercard. The new programme will leverage Mastercard’s trusted, scalable and secure payments network to enable Crypto.com customers to use their card at over 150 […]
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