MidChains

MidChains democratizes new ways of gaining and holding wealth. Diversify your investments with crypt

26/05/2026

Eid Mubarak.

Wishing you and your families a blessed Eid Al Adha, filled with peace, health, and happiness.

‎عيد أضحى مبارك.

‎أعاده الله عليكم بالخير واليُمن والبركات.

HappyEid

16/06/2024

Eid Adha Mubarak to you and your loved ones! Wishing you a blessed Adha filled with happiness and peace.

عيد أضحى مبارك لكم ولأحبائكم! نتمنى لكم عيدًا مباركًا ملؤه السعادة والسلام.

14/03/2024

Don’t miss out on a valuable opportunity! Our CEO, Basil Al Askari, will be attending DAS London next week! Reach out to Basil Al Askari directly to schedule a meeting and explore potential opportunities for collaboration and partnerships. Let’s connect and take advantage of this exciting event to drive growth and innovation together!

11/03/2024

May this month of fasting, prayer, and reflection bring you closer to your faith and to those around you. Let us embrace the values of compassion, kindness, and charity that Ramadan teaches us, and strive to make a positive difference in the world. Wishing you a blessed and peaceful Ramadan from all of us at MidChains.

نهنئكم بحلول شهر الخير و البركة.
دعونا نحتضن قيم الرحمة واللطف والإحسان التي يعلمنا إياها رمضان ، ونسعى لإحداث تغيير إيجابي في العالم.
نتمنى لكم رمضان مبارك منا جميعًا في ميدتشينز.

02/12/2023

MidChains congratulates the leadership and people of the UAE on the occasion of the 52nd Union Day, wishing continuous prosperity, success and safety to our country and its people. We are proud to be born from the UAE

15/07/2023

Welcome to this week's news roundup. Here are the top stories making waves in the world of cryptocurrencies and blockchain:

In a landmark victory for Ripple Labs Inc, a U.S. judge ruled that the company did not violate federal securities law by selling its XRP token on public exchanges. The decision is the first win for a cryptocurrency company in a case brought by the U.S. Securities and Exchange Commission (SEC).

Former Celsius CEO, Alex Mashinsky, has been arrested following an investigation into the collapse of the crypto lender. The arrest coincided with the SEC's lawsuit against Celsius. Mashinsky faces charges of fraud and market manipulation. Celsius Network filed for bankruptcy in 2022, and Mashinsky was previously found guilty by the Commodity Futures Trading Commission for breaking U.S. regulations.

Europe's first bitcoin exchange-traded fund (ETF) is set to be listed publicly this month, following a delay due to market conditions. Jacobi Asset Management's ETF, which cannot use leverage or derivatives, aims to reduce counterparty risks. The fund has been authorized in Guernsey, offering advantages for its launch. European digital assets ETPs have seen substantial inflows, with €4.3bn in assets currently held.

Google will allow developers to integrate non-fungible tokens (NFTs) into apps on the Google Play Store, potentially reviving the NFT market. Developers can offer users opportunities to earn and trade NFTs as part of loyalty and rewards programs.

Telegram Wallet, built on The Open Network (TON) blockchain, has expanded its features to include BTC, USDT, and TON payments for in-app transactions. Initially allowing crypto transfers between users in chats, the Wallet now enables merchants to integrate cryptocurrencies into their bots for accepting payments.

That's all for this week's news roundup. Stay tuned for more updates in the world of crypto and finance.

14/07/2023

23/06/2023

There are different types of wallets to store, send and receive your digital assets. Each has its own pros and cons – what kind of wallets do you prefer?

19/06/2023

Welcome to the intriguing developments that unfolded in the crypto industry over the last week.

BlackRock, the world's largest asset manager, has applied with the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF). If approved, this ETF would allow investors to gain exposure to Bitcoin without directly owning it. Coinbase, a leading cryptocurrency exchange, has been named as the proposed custodian for the ETF.

In other developments, the Tether (USDT) stablecoin experienced a slight deviation from its USD peg on June 15 due to an imbalance in Curve's 3pool, a stablecoin pool for decentralised finance. The price of USDT fell by 0.3% to around 0.997. This imbalance was caused by a whale address that borrowed 31.5 million USDT and swapped it for USDC, leading to a deviation in USDT's peg value. However, Tether's Chief Technology Officer Paolo Ardoino reassured the community that the depegging was not a cause for concern. This incident follows a previous depegging of USDC in March, which caused panic among investors.

FTX co-founder Sam Bankman-Fried will face two separate trials for a total of 13 charges, including fraud, fraud conspiracy, and bribery, relating to his alleged mismanagement of the crypto exchange. The charges have been split, and one trial will take place in March 2024.

Furthermore, the Hong Kong Monetary Authority (HKMA) is encouraging banks to accept crypto exchanges as clients to support the development of Hong Kong as a global crypto hub. The HKMA ensures that due diligence procedures do not overly burden crypto firms.

Lastly, Colombia's central bank, Banco de la República, has partnered with Ripple to pilot the use of blockchain technology for its high-value payments system. The collaboration aims to explore the potential efficiencies and benefits of Ripple's CBDC platform. Colombia has shown interest in adopting a central bank digital currency and implementing measures against tax evasion.

Stay tuned for more exciting updates as the crypto journey unfolds.

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+97124481578

Website

http://www.midchains.com/

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