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PayitFast has signed a memorandum of understanding with Dubai-based luxury travel company Zameera to give members access to curated high-end journeys through Verati, its lifestyle and concierge platform. The agreement, announced in Dubai on September 16, brings Zameera’s travel portfolio into the PayitFast ecosystem, extending the digital payments company’s member offering beyond financial services. The companies said the first selection will include a private safari camp in […]

CoinEx will shut its cryptocurrency exchange on December 22 after nine years of operation, citing a prolonged market downturn, falling trading activity and mounting regulatory and compliance costs. The platform began an orderly wind-down on September 15, halting new user registrations and restricting several services, while allowing customers to withdraw assets until 02:00 UTC on December 22. CoinEx said all user assets were fully backed and that […]

Blockstream has refused to pay a ransom for nearly 600 bitcoin still controlled by the actors behind the $320 million exploit of its Liquid Network, saying it will pursue recovery through law enforcement, exchanges and forensic specialists if the funds are not returned. The Bitcoin infrastructure company said on September 11 that it had engaged with those responsible in an effort to recover user assets but would […]

Washington’s rare purchase of Japanese yen has put currency intervention, US Treasury stability and global risk appetite into the same market equation, with implications extending to bitcoin and other digital assets. The US Treasury joined Japan on July 31 in buying yen to counter what Tokyo described as excessive volatility and disorderly moves in the currency. Japan’s Ministry of Finance confirmed the coordinated operation on August 3, […]

Circle has opened its Arc blockchain to the public, bringing a purpose-built network for institutional finance, stablecoin payments and tokenised assets into live production. The New York-based digital finance company said Arc’s public mainnet went live on Wednesday with more than 100 applications and more than 100 institutional and ecosystem builders spanning banks, asset managers, payment networks, exchanges, custodians, decentralised finance protocols, wallets and artificial intelligence platforms. […]

Publicly listed Bitcoin miners fell below cash breakeven as a group in the second quarter, with their weighted average pre-tax production cost reaching about $75,500 per coin against Bitcoin’s quarter-end price of $58,400. The gap of roughly $17,100, or 29%, marked a sharp deterioration in industry economics during the three months to June, according to a new sector review by digital-asset investment group CoinShares. The report said […]

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More than 11.6 million cryptocurrency tokens stopped trading in 2025, an unprecedented annual total that accounted for 86.3% of all failures recorded by CoinGecko’s GeckoTerminal dataset between mid-2021 and the end of last year. The figure marks a steep acceleration from 2024, when 1,382,010 projects were classified as failed, and highlights the fragile economics of a market flooded with easily created tokens, particularly meme coins. CoinGecko counted […]

Payward, the parent company of cryptocurrency exchange Kraken, is pursuing a route to offer US traders perpetual futures linked to Hyperliquid’s HYPE token, but publicly available regulatory and Kraken product information indicates the proposed expansion has not yet been confirmed as a live US offering. The move would broaden Payward’s regulated derivatives business and give eligible American customers exposure to one of the crypto market’s most actively […]

Arabian Post Staff -Dubai Fasset will become the first platform worldwide to list DDSC, the UAE dirham-backed stablecoin, under a new collaboration that will also allow users to swap the token with major dollar-backed stablecoins including USDC and USDT. The arrangement expands DDSC’s distribution beyond its initial institutional use and follows regulatory approvals that opened the way for the token to appear on selected platforms overseen by […]

The US Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, halting the cryptocurrency industry’s strongest attempt to secure a comprehensive federal market structure framework and pushing the regulatory burden back towards existing agencies. The cloture motion on the measure, H. R. 3633, was rejected 49-50, according to the Senate’s official roll call. Sixty votes were required to end debate on the motion to […]

The US National Institute of Standards and Technology has finalised new guidance aimed at reducing theft, forgery and misuse of digital tokens that underpin single sign-on, cloud federation and API access. NIST Interagency Report 8587, released on September 15, sets out implementation recommendations for federal agencies and cloud service providers handling identity tokens, access tokens and assertions. The document focuses on how organisations should protect signing keys, […]

The US Senate failed to advance the CLARITY Act on Tuesday, handing the cryptocurrency industry a major setback despite a late White House effort to challenge banking-sector warnings that stablecoin rewards could drain deposits and curb lending. The procedural vote ended 50-49 in favour of advancing the legislation, 10 votes short of the 60 required. Republican senators Jerry Moran, Rand Paul, Josh Hawley and Thom Tillis joined […]

CoinEx has begun an orderly shutdown of its cryptocurrency exchange after nearly nine years, giving customers until December 22 to withdraw assets. The platform said new registrations and referral rewards would stop from September 15, while futures markets moved into reduce-only mode as the first stage of a phased wind-down. CoinEx attributed the decision to a prolonged downturn in digital-asset markets, contracting trading volumes and liquidity, and […]

Arabian Post Staff -Dubai Dubai will host the third Quantum Innovation Summit from September 28 to 30, bringing government bodies, researchers, technology companies and investors together as the UAE expands work on quantum computing, secure communications and post-quantum cybersecurity. The event will be held at the Grand Hyatt Dubai Conference & Exhibition Centre and is hosted by the UAE Cyber Security Council for a second consecutive year, […]

President Donald Trump has rejected calls for tougher artificial intelligence safeguards, arguing that existing US powers are sufficient even as security specialists warn that faster AI systems are widening the attack surface for cryptocurrency platforms and decentralised finance. Trump said on September 14 that additional safeguards were unnecessary and dismissed warnings from technology executives about uncontrolled development. His position places the White House at odds with industry […]

Eight major US banking trade groups have urged Senate leaders to tighten the CLARITY Act’s restrictions on stablecoin rewards, warning that a new regulatory “circuit breaker” would take effect only after damaging deposit outflows had already occurred. The warning came in a joint letter sent on Monday to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer ahead of a procedural vote scheduled for Tuesday, September […]

Swiss Bitcoin Pay has taken its servers offline after detecting what it described as likely unauthorised access to internal systems, while warning that customer contact, banking and transaction data may have been exposed. The Switzerland-based Bitcoin payments provider disclosed the incident on September 14 and said it was investigating the intrusion and securing its infrastructure before restoring service. It has not announced a date for reopening. Swiss […]

LuLu Financial Holdings has cut cross-border settlement costs by 25% to 30% after adopting Circle’s USDC stablecoin and Circle Mint for remittance flows across the Gulf, Middle East, North Africa and Asia-Pacific, according to figures released by Circle. The payments group also recorded a 40% increase in cross-border settlement volume after shifting part of its treasury and settlement infrastructure to USDC. Beneficiaries are credited in under a […]

Bitcoin faces renewed downside warnings after Bloomberg Intelligence senior commodity strategist Mike McGlone argued that a stock-market correction and tighter US monetary policy could drive the cryptocurrency sharply lower, potentially towards $10,000. McGlone’s latest bearish case centres on Bitcoin’s failure to establish a sustained break above $80,000, its increasing sensitivity to equities and the prospect that higher interest rates could pressure speculative assets. Bitcoin was trading near […]

Binance has set out a compliance and user-protection drive in West Africa as regulators in the region move to bring cryptocurrency trading, custody and related services under oversight. Its approach combines identity checks, transaction monitoring, sanctions screening, fraud prevention, asset-security controls and co-operation with law-enforcement agencies. Binance also says it now has more than 1,500 people in compliance-related roles globally, spending about $300 million a year on […]

Metaplanet has cut the potential share pool attached to its Series 10 stock acquisition rights by 41.1%, reducing possible issuance to 188.19 million shares after shareholders challenged the dilution created by the executive compensation structure. The Tokyo-listed bitcoin treasury company said on September 11 that it would lower the number of shares underlying each Series 10 right from 696 to 410. The change reduces the aggregate potential […]

Ether remained confined to a narrow trading range after more than 116,000 tokens were withdrawn from cryptocurrency exchanges over 48 hours, a shift that reduced immediately available supply while traders watched whether the market could break through resistance around $2,500. The withdrawals, valued at roughly $300 million at prevailing prices, were highlighted by crypto analyst Ali Martinez. Exchange outflows can indicate that holders are moving assets into […]

Dogecoin co-creator Billy Markus has joked that the US government should spend $1.2 trillion buying Dogecoin and distribute the cryptocurrency to Americans, turning a contentious cash-dividend proposal into a meme-coin thought experiment rather than advancing a formal policy plan. Markus, who uses the name Shibetoshi Nakamoto on X, made the remark on September 12 while responding to President Donald Trump’s promise of a $5,000 payment to every […]

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