CoinMENA Blog

This week, Bitcoin surpasses Aramco, the largest oil company, to become the 7th largest asset in the world by market cap.

This week, Bitcoin closed with its largest weekly gain ever, up $11,653 (+25%).

This week: Will the U.S. presidential election outcome impact the price of Bitcoin? TL;DR (short term, maybe; long term, no). Plus, Tether’s plans to launch a UAE Dirham stablecoin.

This week, Bitcoin soars above $71k, Microsoft considers adding Bitcoin to its balance sheet, and Tether responds to irresponsible reporting from the Wall Street Journal.

This week, Bitcoin has become the 6th largest monetary asset in the world, the European Central Bank released a paper with an intriguing perspective on Bitcoin, CoinMENA added two highly anticipated digital assets (PEPE & WIF).

This week, we bring you exciting local updates from the UAE. First, the UAE announced that crypto transactions are now exempt from VAT, and the Central Bank has approved the country’s first AED stablecoin.

This week, the Chainalysis Geography Report shows MENA is the 7th largest crypto market in the world, fintech giants PayPal and Visa are expanding their crypto financial services offerings, and we have an update on BTC and ETH ETF flows.

This week, the Fed surprised markets with a 50 bps rate cut, fintech giant Revolut revealed plans to issue its own stablecoin, the SEC approved BlackRock’s Bitcoin options trading, and CoinMENA announced a new partnership with Mesh.

This week, Gold and Bitcoin lead as the top-performing assets globally for the first time. The ETH/BTC ratio is falling, Bhutan holds over 13,000 BTC, and El Salvador’s budget will be debt-free next year for the first time in decades.