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Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol
23.11.2022
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each tokenized gold bar “will be backed by a Tradeflow warrant.”...
Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE
18.11.2022
One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer....
News Summary: SBF May be Brought to US for Questioning, FTX Australia’s Financial License Suspended, FTX Bahama-based Subsidiary Files for Bankruptcy
16.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: News Summary: SBF May be Brought to US for Questioning, FTX Australia’s Financial License Suspended, FTX Bahama-based...
UAE regulator adopts blockchain to speed up commercial judgments
16.11.2022
ADGM Courts aims to "massively transform the delivery of judicial services," said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts
Law Decoded, Nov. 7–14: How regulators reacted to the FTX crash
15.11.2022
While some lawmakers expressed their eagerness to quick up the regulatory progress, others blamed the SEC in FTX's monopoly
FTX Goes Live As First Licensed Crypto Exchange in the UAE – What Does Sam Bankman-Fried Have Planned?
3.11.2022
Major crypto exchange FTX has announced it has gone live as the first institution of this type which secured a full license to operate in the United Arab Emirates (UAE).
"As the first licensed crypto exchange in the UAE, we're super excited to expand our operations and grow FTX's presence in...
New ‘crypto token regime’ instituted at the Dubai International Financial Centre
2.11.2022
The emirate’s free trade zone has its own legal system and courts; now its crypto regulations have been augmented and extended to all tokens recognized in the zone
VICUNA Platform, Smell in Metaverse-VINAVerse
2.11.2022
VICUNA is designed to develop cutting-edge technology and applications that push users beyond the limits of immersive experiences. VICUNA team believes in building products that improve customers’ lives and advance the state of VR as an industry with a strong focus on innovation...
1 month to go for Agora’s 10th Global Blockchain Congress on November 23rd and 24th in Dubai, The UAE
29.10.2022
The 10th edition of the world-renowned flagship Global Blockchain Congress by Agora Group is 1 month away! The 10th GBC is a celebration of the combined influence of our staff, our clients, our partners, and all the investors who continue to demonstrate their solid faith in the future...
UAE Central Bank Completes First CBDC Payment Transaction
27.10.2022
The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners...
Crypto investment firm Q9 gets provisional approval to operate in Dubai
27.10.2022
The Hong Kong-based company will join the likes of Binance, Crypto.com, OKX and FTS, who’ve also opened offices in the UAE
BIS releases full report on mBridge wholesale CBDC platform after successful pilot
26.10.2022
The Bank for International Settlements is on a roll with its third publication within days detailing how commercial banks in four jurisdictions transferred funds using CBDC
Microsoft Working to Bridge Its Services With the Metaverse
26.10.2022
Microsoft, the software and computing behemoth, is seeking to adapt part of its software service stack to the metaverse. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use...
Crypto News Summary: Bitstamp Integrates PayPal, Dubai Police Works in Metaverse
17.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Bitstamp Integrates PayPal, Dubai Police Works in Metaverse
Germany leaves the US behind in top crypto economies in Q3: Report
17.10.2022
The United States, which was the joint top-ranked crypto economy last quarter along with Germany, fell to seventh place in the rankings
Middle East gets physical Bitcoin ETP listed on Nasdaq Dubai
12.10.2022
The Middle East, one of the world’s fastest-growing crypto markets, now offers a new opportunity for direct investment in Bitcoin through the 21Shares Bitcoin ETP
Multiverse Labs launches government-backed metaverse city in UAE
10.10.2022
Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions
Crypto News Summary: FTX V2 Announced, Transit Finance Hacker Returning Funds, Dapper Labs Restricts Russian Accounts
10.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: FTX V2 Announced, Transit Finance Hacker Returning Funds, Dapper Labs Restricts Russian Accounts
ZebPay Applies for Regulatory License in Singapore, Plans for UAE
10.10.2022
ZebPay, an India-focused cryptocurrency exchange, recently applied for an operational license in Singapore. The platform has also planned to perform the same in the United Arab Emirates. The development comes to light amidst a sharp trading volume dip, which goes as high as 90%. The move is viable...
UAE Web3 ecosystem houses almost 1.5K active organizations: Report
10.10.2022
A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% of the organizations are based on non-native technology