Kategorie: Crypto News

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Ripple Secures DFSA License in the UAE

  • Ripple has secured a major license in the Middle East after getting regulatory nod from the Dubai Financial Services Authority (DFSA).
  • The license allows Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple announced on March 13, 2025 that it had secured a major license in the Middle East.

The Dubai Financial Services Authority (DFSA) has greenlit Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple becomes the first blockchain-enabled payments provider to snag this crucial DFSA license.

Ripple secures license in Middle East milestone

This DFSA approval marks another of Ripple’s footprint in the Middle East, with this adding to a presence that includes major partnerships in the region.

It enhances the XRP creator’s recognition and aligns with Ripple’s plans to add to its global customer base. The license also means a potentially massive opportunity for XRP adoption.

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Brad Garlinghouse, chief executive officer of Ripple. “Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.”

A 2024 Ripple survey found 64% of finance leaders in the Middle East and Africa (MEA) see faster payments as the killer app for blockchain-based currencies. No surprise, then, that over 82% of MEA finance bosses say they’re “very or extremely confident” about integrating this tech into their operations.

“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s managing director for Middle East and Africa.

Merrick added;

“Securing this DFSA license is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs.”

This license will be great for Ripple’s stablecoin RLUSD, which the company launched late last year. Like other stablecoins, RLUSD could supercharge crypto adoption in the UAE, with users accessing real-time settlement for cross-border payments and remittances.

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Binance secures $2b investment from Abu Dhabi sovereign wealth fund MGX

  • Binance has scored a massive $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund.
  • The investment is Binance’s first institutional deal since Changpeng Zhao founded it in 2017.

Binance, the world’s largest crypto exchange by trade volume, has secured a $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund.

Announced on March 12, 2025, the deal sees MGX take a minority stake in Binance.

The investment is Abu Dhabi-based MGX’s single largest splash on a crypto company. It’s also the first institutional investment Binance has sealed since its founding in 2017.

What they said

In a comment, Binance chief executive officer Richard Teng said:

“This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.”

MGX’s investment in Binance comes a few weeks after the exchange’s founder and former CEO Changpeng Zhao said Binance was not for sale.

CZ however noted that the crypto behemoth was open to investment opportunities amid the quest for further growth. Zhao shared the latest development via X.

Commenting on the investment, MGX’s managing director and CEO Ahmed Yahia, stated:

“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments.”

Binance has continued to grow despite the regulatory hurdles that saw it pay $4.3 billion to settle with US authories in 2023. The former CEO Zhao also had to step down, eventually serving a four-month prison sentence.

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Nasdaq-listed video-sharing platform Rumble invests $17.1M in Bitcoin (BTC)

  • Rumble bought 188 Bitcoin (BTC) for $17.1M, nearing its $20M goal.
  • Rumble’s CEO sees BTC as an inflation hedge and crypto tie-in.
  • Future Rumble BTC purchases depend on market and cash flow conditions.

Rumble, a Nasdaq-listed video-sharing platform and cloud services provider trading under the ticker RUM, has purchased $17.1 million worth of Bitcoin (BTC).

Rumble acquired approximately 188 BTC at an average price of $91,000 per coin, aligning with its previously disclosed plan to diversify its corporate treasury.

The purchase is part of a broader treasury strategy outlined late last year, when Rumble revealed intentions to allocate up to $20 million of its cash reserves to Bitcoin. With this transaction, the company has nearly reached that cap, spending $17.1 million to bolster its holdings.

CEO Chris Pavlovski emphasized the strategic value of the move in a press release shared with media houses, noting that Bitcoin serves as a hedge against inflation and remains immune to the dilution that plagues many government-issued currencies.

For a company positioning itself as a key player in both video content and cloud services, this investment underscores a deliberate push into the crypto ecosystem.

Rumble’s forays into crypto

Rumble’s leadership views Bitcoin not just as a financial asset but as a cornerstone of its identity within the crypto community.

Pavlovski highlighted the company’s excitement about officially holding BTC, suggesting it strengthens Rumble’s appeal as a platform for crypto enthusiasts. This sentiment builds on a $775 Million Strategic Investment from Tether, the leading stablecoin issuer, further solidifying its ties to the cryptocurrency industry.

The BTC purchase, therefore, is less a standalone decision and more a continuation of Rumble’s evolving relationship with digital assets.

Rumble’s journey into Bitcoin comes with a clear acknowledgment of the risks involved, as outlined in its forward-looking statements. The company cautioned that its actual results could differ from expectations due to Bitcoin’s price swings, regulatory hurdles, and its ability to sustain growth in a crowded market.

Additional concerns include cybersecurity threats, reliance on third-party vendors for core services, and the challenge of maintaining advertiser relationships—issues that could complicate its ambitions. Despite these uncertainties, Rumble remains committed to its vision of weaving cryptocurrency into its operational DNA.

Founded with a mission to counter the dominance of Big Tech by offering an independent infrastructure, Rumble sees its Bitcoin (BTC) investment as a natural extension of its ethos. The company, which also launched Rumble Cloud to diversify its offerings, is betting that embracing decentralized assets like BTC will resonate with its user base and bolster its financial resilience.

As Pavlovski put it, this is about more than just treasury management—it’s about ingraining crypto into the company’s future.

Whether this gamble pays off will depend on both Bitcoin’s trajectory and Rumble’s ability to navigate the unpredictable waters of tech and finance.

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Bitcoin drops to $76k after Trump fails to rule out a recession

  • Ether dropped 9%, XRP fell 2%, and Dogecoin lost over 8% in 24 hours
  • Investors react to Trump’s comments about a possible recession
  • The US stock market lost more than $1.7 trillion in value

Crypto prices have fallen across the board, with Bitcoin dropping below $77,000 as investors continued to react to US President Donald Trump’s tariff policies and the Bitcoin reserve plan.

Bitcoin’s price at $76,000. Source: CoinMarketCap

In the early hours of Tuesday, March 11, Bitcoin fell to $76,000, a figure not seen since last September. In a post on X, crypto trader Ali said:

“If #Bitcoin $BTC holds $80,000, the bull case remains strong. Losing this level, however, could put $69,000 in play as the next key support!”

Bitcoin has risen slightly and is back up around $81,600 at the time of publishing, according to CoinMarketCap. Ether, on the other hand, was down over 9% in 24 hours to $1,920, XRP had fallen more than 2%, at $2.13, and Dogecoin was down over 8.81% to $0.1607.

The market reacts

News of the continued market sell-off comes as investors react to Trump’s trade tariffs, the announcement of the US Strategic Bitcoin Reserve, and the possibility of a recession.

Following Trump’s remarks, the US stock market lost more than $1.7 trillion in value yesterday. Elon Musk’s Tesla saw its shares drop by at least 15% to $222, losing over half its value from its December peak at $479.86. In a post on X, Musk said: “it will be fine long-term.”

Market conditions haven’t been helped by Trump’s trade tariffs on Canada, China, and Mexico. Last month, it was confirmed that Trump was imposing a 25% trade tariff on Canada and Mexico; however, this has been delayed until April 2. China had a 20% tariff levied against it.

BitMEX co-founder Arthur Hayes took to X to ask people to be “patient.”

“$BTC likely bottoms around $70k. 36% correction from $110k ATH, v normal for a bull market,” adding:

“Traders will try to buy the dip, if you are more risk averse wait for the central banks to ease then deploy more capital. You might not catch the bottom but you also won’t have to mentally suffer through a long period of sideways and potential unrealised losses.”

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Michael Saylor’s Strategy to raise up to $21b to buy more Bitcoin

  • Strategy is the world’s largest corporate holder of Bitcoin
  • Fresh purchases with the new capital will push the company’s total BTC holdings beyond 500,000 BTC
  • Michael Saylor recently attended the White House Crypto Summit

Strategy, formerly MicroStrategy, has announced plans to raise additional capital for general corporate operations, including the purchase of more Bitcoin (BTC).

In the announcement on March 10, Strategy said it plans to issue and sell shares of up to $21 billion in its at-the-market (ATM) program.

The offer will be for its 8.00% Series A Perpetual Preferred Stock (STRK), with proceeds expected to fund the company’s general corporate purposes. Most of this will go into more Bitcoin purchases as Strategy continues to accumulate BTC. Strategy will also utilize raised funds for working capital.

Strategy’s holdings just under 500k BTC

Michael Saylor’s artificial intelligence and business intelligence company – now the world’s largest corporate BTC company – first added BTC as a treasury asset in 2020. Since then, its been a prolific buyer of the benchmark digital asset.

With its last purchase in February 2025, Strategy pushed its haul to 499,096 BTC.

This is where it currently stands, with total holdings just below the landmark 500,000 Bitcoin. So far, the company has spent $33.1 billion to buy Bitcoin. Per details, the company’s average purchase price was $66,357 per Bitcoin.

News that Saylor was looking to buy more BTC slightly buoyed bulls during early trading on March 10. Per market data, the top cryptocurrency’s price hovered around $83,252 at the time of writing.

While Bitcoin’s price was down 1.4% in the past 24 hours, the slight gains had seen BTC rebound from lows of $80,120. BTC nonetheless continues to struggle despite last week’s executive order on a Strategic Bitcoin Reserve and the first-ever White House crypto summit.

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