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MANTRA Chain Raises $11M for RWA Tokenization with Middle East Tint
19.3.2024
Ethiopia Explores Crypto Mining with New Hong Kong Data Center Deal
16.2.2024
Ethiopia has inked a memorandum of understanding with Data Centre Service, a subsidiary of Hong Kong’s West Data, to build a $250 million data mining infrastructure project in the country. Data centres provide the facilities to host large-scale Bitcoin mining operations. The East African...
Cheap Energy Cost Fuels Chinese Bitcoin Miners Migration to Ethiopia
12.2.2024
Ethiopia has become a lucrative destination for Bitcoin miners with lower energy costs and friendly government policies driving the move. According to Bloomberg, Bitcoin miners from China and other countries are setting up shop in the East African country followed by energy deals with electricity...
Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE
8.2.2024
Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE and Middle East. Arabian Business reported the establishment of Bridgetower ME, a joint venture between Bridgetower Capital...
Bullish on Bitcoin: Global Survey Respondents Anticipate BTC Price Spike to $60K and Beyond in 2024
1.2.2024
A recent international survey by Bitget has illuminated the crypto market’s hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. More than half of the participants globally...
Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia
16.1.2024
Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia
OKX’s Middle East Business Wins Dubai Virtual Assets License
16.1.2024
OKX Middle East Fintech FZE will be offering local currency trading pairs such as AED/BTC, AED/ETH, and more in the coming weeks, said OKX General Manager for MENA Region Rifad Mahasneh
World’s Largest Oil Company Saudi Aramco Partners With SBI Holdings to Potentially Invest in Digital Assets
13.12.2023
Saudi Aramco, the largest oil and gas company by market cap, has partnered with SBI Holdings, a financial services group in Japan, to explore a potential collaboration for investing in digital assets. SBI also contemplates the launch of a subsidiary in the Middle East to expand its influence in...
Crypto Exchange Binance Drops Abu Dhabi License Application as Global Needs Shift
9.12.2023
Crypto exchange Binance has withdrawn its application for a license in Abu Dhabi. “When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson stated, adding that the company plans to continue to work with regulators “to...
We Have To Talk (Again) About How War Games Depict The Middle East
7.12.2023
In Modern Warfare 2019, the reboot of the popular Call of Duty series, a 10-person multiplayer killstreak rewards you with white phosphorus, an odorless, waxy chemical you can drop on the battlefield to kill dozens in one fell swoop. It was a controversial addition to an already controversial game...
IOTA Rolls Out $100M Abu Dhabi Foundation, Targets Middle East
29.11.2023
Source: Adobe/prima91 Open-source blockchain platform IOTA has unveiled its Abu Dhabi Foundation as part of its strategy to kickstart its Middle East expansion plans. IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi ????????! The new #IOTA Foundation will be seeded with...
Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
29.11.2023
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin
IOTA launches $100 million Abu Dhabi foundation for Middle East expansion
29.11.2023
The IOTA Ecosystem DLT Foundation is the first to receive approval from regulators in Abu Dhabi after its financial authority passed a new, related law earlier in the month
Today in Crypto: Matr1x Gaming Platform Raises $10 Million, Bybit’s Portfolio Margin Mode Gets Spot Trading Capabilities, MapMetrics Expands to Peaq Blockchain
23.11.2023
Source: matr1x.io/games Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Matr1x, the platform facilitating the mobile shooting game Matr1x Fire within the Web3 domain, secured...
Ripple’s Navin Gupta Stresses the Importance of Activity-Based Crypto Regulation – Here’s What You Need to Know
15.11.2023
Navin Gupta, Ripple’s Managing Director of South Asia, Middle East, and North Africa. Source: Ripple / X Navin Gupta, the Managing Director of South Asia, Middle East, and North Africa at the US blockchain and payments firm Ripple, has reiterated the necessity of adopting an activity-based...
Crypto.com’s Dubai’s Subsidiary Secures License from VARA
14.11.2023
Source: Pixabay/Jan Vasek Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities. CRO DAX Middle East, the exchange’s Dubai arm, received the license from Dubai’s Virtual Assets Regulatory...
Crypto.com granted Dubai crypto license
14.11.2023
The license is pending operational approval and allows Crypto.com’s Dubai entity to offer exchange, broker-dealer, and lending and borrowing services
Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims
10.11.2023
Source: Adobe / Matteo Benegiamo Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma,...
Metaverse projects failed on lack of correct business model: MetaMinds CEO
6.11.2023
As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from the lack of proper business models
Abu Dhabi Global Market Unveils New Regulations for Web3 Firms
2.11.2023
Abu Dhabi seeks to beef up its web3 landscape with new guidelines for blockchain-based firms as its crypto hub is projected to grow in the coming months. The Abu Dhabi Global Market (ADGM) announced new rules that create numerous blockchain foundations and how they operate within the jurisdiction...