Macro
Fed inflation trap threatens Bitcoin below $80k as $100 oil blindsides Friday’s CPI report
Brent touched $99.46 after reported Saudi energy disruptions, while Friday's CPI measures August prices.
Liam 'Akiba' Wright 3 min read
Saudi Arabia News
Fintech modernization, pilots, regulation, and growing interest in tokenized finance.
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Adoption
Sovereign entities opt for indirect Bitcoin exposure via Strategy to bypass constraints – StanChart
Sovereign entities are quietly increasing Bitcoin exposure indirectly via Strategy stock amid regulatory constraints.
CBDCs
BIS cuts ties with controversial CBDC project mBridge, citing project maturity
The project, designed to simplify cross-border payments through CBDCs, has raised concerns over potential misuse to evade US sanctions.
Latest Saudi Arabia Crypto News & Analysis
Macro
Larry Fink, Jamie Dimon, and other financial heavyweights unpack economic trends at Davos in the Desert
Global finance titans gathered in Riyadh have discussed troubling inflationary concerns, including political populism and fragmenting supply lines.
Metaverse
The Sandbox gains 30% following mysterious Saudia Arabia partnership
Saudi Arabia signs agreement with The Sandbox — details unknown, but pumps SAND price roughly 30% towards $1 milestone.
Analysis
Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency
The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments. The launch was part of a seven-point co-operation…
Adoption
National Commercial Bank of Saudi Arabia Joins Forces with RippleNet
When it was authorized as the first established bank in Saudi Arabia, the National Commercial Bank (NCB) was slated to become the largest financial…
Trading
Saudi Arabia Officials: Cryptocurrency Trading Illegal
State officials in Saudi Arabia reissue warnings against trading and investing in cryptocurrencies. The official committee will also have the remit of notifying relevant…