Search
UAE Blockchain and AI Startup Sentient Labs Secures $85 Million in Seed Funding
17.7.2024
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized...
Blockchain-Enabled Sports Tech Startup Fanera Partners Saudi Government, Set to Relocate to Riyadh
12.7.2024
Blockchain-enabled sports tech startup Fanera has partnered with the Saudi Arabian Ministry of Investment and is poised to relocate its headquarters to Riyadh. Through its fan engagement app, Fanera aims to empower football fans, enabling them to become content creators and influencers. Setting...
Droppgroup Partners Solana-Focused Superteam to Drive Web3 Adoption in Saudi Arabia
12.7.2024
Web3 development firms Droppgroup and Superteam have partnered to accelerate Web3 adoption in Saudi Arabia. The collaboration aims to revolutionize Saudi Arabia’s public and private sectors through Web3. Collaboration Aligns with Saudi Arabia’s Vision 2030 Web3 development firm...
Venezuelans Sent Over $460 Million in Remittances Using Crypto in 2023
9.7.2024
The Venezuelan migrant population, now exceeding 7 million, has used crypto to send over $460 million in remittances to the ones left behind in the country. According to Chainalysis, 30% of Venezuelan households received some form of remittance in 2023, with 9% using crypto as rails to reach their...
Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON
3.7.2024
Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of dollars. The post explains that while developed markets...
Hashgraph Association and Blade Labs Partner to Drive Digital Transformation in the Middle East
27.6.2024
The Hashgraph Association and Blade Labs have partnered to drive digital transformation using the latter’s conventional and Shariah-compliant digital securities platforms. The CEO of Blade Labs described the Hashgraph Association as a strategic investor that enables the company to integrate...
Zilliqa Partners With Gravity Team to Boost Liquidity in Emerging Markets
19.6.2024
PRESS RELEASE. Zilliqa, the high-throughput, low-fee layer 1 blockchain platform, is thrilled to announce its strategic partnership with Gravity Team, a leading algorithmic market maker and liquidity provider in the cryptocurrency space. This collaboration is poised to significantly enhance...
‘Not a classic VC’: Tether plans to invest up to $1B in one year
11.6.2024
Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
31.5.2024
Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners...
Russian Traffic to Global Crypto Exchanges Surges; Central Bank Warns of Western Sanctions Risk
28.5.2024
The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching...
Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins
25.5.2024
Seamus Rocca, CEO of Xapo, had a candid conversation with Bitcoin.com’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto,...
P2P Bitcoin Exchange Hodl Hodl Suspends Lending Services for US and UN Embargoed Countries’ Residents
25.5.2024
Hodl Hodl, a non-custodial Bitcoin exchange, has announced changes to its “Terms of Service” agreement affecting the availability of its lending services. The platform is now excluding residents of the U.S. as well as U.N. embargoed countries from its lending platform, citing...
The Hashgraph Association Partners With Qatar Financial Centre to Launch Digital Assets Venture Studio
17.5.2024
The Hashgraph Association, a Swiss non-profit organization, has partnered with the Qatar Financial Centre (QFC) to launch a $50 million digital assets venture studio. The venture studio aims to support companies in developing regulatory-compliant decentralized finance (defi) solutions. Supporting...
El Salvador Launches Treasury Holdings Site, Confirms Daily Bitcoin Purchases
14.5.2024
The Bitcoin Office of El Salvador (ONBTC) has launched a site that allows anyone to confirm the treasury holdings of the country, offering a large degree of transparency in its finances. The site, composed as a custom instance of mempool space, a popular block explorer, confirms that the country...
Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab
7.5.2024
Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers...
Bitget Cites High Adoption Rates in MENA Following 1,400% Surge in Region’s Active Users
25.4.2024
Between November 2023 and April 10, the number of active cryptocurrency users from the Middle East and North Africa using the Bitget platform grew by more than 1,400%. Bitget’s strong performance in the Middle East and North Africa is attributed to the region’s perceived high adoption rates and...
Noones CEO Ray Youssef Blasts Bitcoin Fees: ‘We Have Failed the Global South’
24.4.2024
Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees on bitcoin adoption in emerging markets. Youssef stated on social media that the recent developments in the bitcoin fee market have pushed users to alternatives such as USDT on the Tron blockchain over...
Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official
15.4.2024
A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is...
Tether Launches On Celo Chain
12.3.2024
Stablecoin leader Tether (USDT) has launched on the Celo blockchain, expanding its reach and targeting wider financial inclusion. Celo's mobile-first approach and diverse ecosystem offer new avenues for the popular stablecoin, potentially simplifying transactions and driving adoption in emerging...
Virtual Smartphone App Aphone on Solana Revives Old Devices in Emerging Markets
8.3.2024
A novel Aphone app running on Solana's blockchain brings Web3 applications and powerful tools to resource-limited devices. This virtual smartphone solution uses decentralized cloud infrastructure and focuses on users in developing economies where older smartphones are prevalent.
The post Virtual...