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Middle East
Bitcoin Not a Safe Haven From Geopolitical Risks, but Still Buy the Dip: Standard Chartered
Risks stemming from the Middle East conflict are likely to push bitcoin below $60K before the weekend, the report said.
Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains
The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel.
Animoca's Timeline to Go Public Would Depend on the Market's Status: Yat Siu
“We are midway through the audit which is a critical piece of the IPO puzzle,” Siu told CoinDesk.
Qatar Brings in Crypto Rules Framework in a Sign of Web 3 Development in the Middle East
Companies can now apply for a license to become token service providers.
CoinDesk 20 Index Fell More Than 20% During Overall Crypto Market Crash
The overall crypto market crashed as risk-off sentiment permeated global markets. The altcoin-heavy benchmark CoinDesk 20 Index fell more than 20%, with crypto majors Solana and Near Protocol plummeting 20% to 30%. The sentiment shift stems from the recession fears ignited by Friday's U.S. economic and jobs data, as well as the rising tensions in the Middle East. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency
The survey said that the 19 central banks in the region are exploring issuing a CBDC and the countries are mainly focused on how CBDCs can enhance financial inclusion and payment system efficiency.
Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia
The company has also secured registrations in India and Dubai.
Digital Asset Platform With Ex-Goldman Partner as Co-Founder Gets Bahrain Crypto License
ARP Digital says it's the "first and only central bank-licensed OTC service provider specialized in digital-asset structured products."
Crypto Outlook as Market Braces for Spread of Israeli-Hamas War
Ongoing tensions in the Middle East could spill over to the crypto markets and cause a short-term decline in riskier assets such as bitcoin (BTC). This comes as crypto traders suffered over $100 million of losses from liquidations, according to CoinGlass data. First Mover host Lawrence Lewitinn and CoinDesk Chief Content Officer Michael J. Casey discuss their crypto markets outlook.
Binance to Withdraw Debit Card in Latin America, Middle East
The cryptocurrency exchange said the card service will terminate in the Middle East on Aug. 25 and in Latin America on Sept. 21.
