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Analyst Claims Saudi Arabia Has Covertly Bought 160 Tonnes of Gold Since 2022
16.9.2024
Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired without disclosure, likely to avoid upsetting...
Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’
13.9.2024
Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to new ideas, trying not to mix politics and commerce....
BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals
13.9.2024
Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s...
Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East
14.8.2024
Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion....
Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says
5.8.2024
Saudi Arabia’s emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that the Saudi Web3 industry faces challenges requiring collaboration among...
Saudi Arabia’s Riyadh may be crypto’s sleeping giant: Crypto City Guide
17.7.2024
While crypto may still operate in a gray space in Saudi Arabia, the country’s talent pool and burgeoning gaming sector hold promise for Web3
Saudi Arabia’s Riyadh may be crypto’s sleeping giant: Crypto City Guide
17.7.2024
While crypto may still operate in a gray space in Saudi Arabia, the country’s talent pool and burgeoning gaming sector hold promise for Web3
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...
Saudi Arabia Joins BIS’ CBDC Project mBridge as a Full Participant
6.6.2024
Elon Musk’s xAI Secures $6 Billion To Compete With ChatGPT
27.5.2024
On May 26, Elon Musk's AI business, xAI, completed a successful $6 billion Series B fundraising round. Saudi billionaire Prince Alwaleed Bin Talal, Sequoia Capital, Andreessen Horowitz, and Vy Capital were among the participants in the most recent Series B investment.
The post Elon Musk’s...
Bitcoin would need to hit $93K to flip Silver right now
20.5.2024
Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago
The First Web3 RPG From Saudi Arabia Astra Nova Launches a SocialFi Platform on Immutable zkEVM
16.5.2024
PRESS RELEASE. Astra Nova, the pioneering Web3 RPG from Saudi Arabia, is excited to announce the launch of its SocialFi platform, The Black Pass. This innovative platform is accessible through a free soulbound NFT and offers a competitive edge by tracking players’ in-game activity. On...
Finnovex Saudi Arabia 2024: Fulfilling Vision 2030 – Kingdom Banking’s Pinnacle – Transforming Finance for a Thriving Saudi Arabia
22.4.2024
Finovex Saudi Arabia 2024 is poised to be the beacon of innovation in the financial sector as it convenes on May 21-22, 2024, in Riyadh, Saudi Arabia. Under the theme “Fulfilling Vision 2030 – Kingdom Banking’s Pinnacle – Transforming Finance for a Thriving Saudi Arabia,”...
Apex Legends Tournament Sparks Backlash From Queer Fans And Allies
15.4.2024
Respawn’s hero shooter battle royale Apex Legends is an incredibly inclusive game for the queer community. It has several playable LGBTQIA+ legends, has given players Pride Flag cosmetics to showcase their identities in-game, and developer Respawn even put a statement supporting trans rights in...
Saudi Investors Barred from FTX’s Anthropic Stake Sale Over National Security Concerns
23.3.2024
AI startup Anthropic will not accept investments from Saudi Arabia in the sale process of 8% of its shares as part of FTX's bankruptcy proceedings.
The post Saudi Investors Barred from FTX’s Anthropic Stake Sale Over National Security Concerns appeared first on Cryptonews
Outer Edge Riyadh: A fiery gathering of tech titans in Saudi Arabia
21.3.2024
Outer Edge is providing the world with another fiery event, Outer Edge Riyadh, in collaboration with Animoca Brands. It will be held in Riyadh, Saudi Arabia, and is slated for the 23rd of April. King Abdulaziz City for Science and Technology (KACST) will also participate. Outer Edge, known to host...
Mario Kart-Inspired F1 Track Is A Rainbow Road Fever Dream
6.3.2024
On Saturday, Formula 1 will race in Saudi Arabia on the Jeddah Corniche Circuit for the fourth time. It’s officially the longest track in the calendar and boasts the most corners of any circuit in F1, but it’s not the only ridiculous location that F1 could race in the kingdom. Now, race promoters...
Bitcoin’s Leap Past $65K Ignites Speculation of Qatari Billionaire’s Big Buy Post-Atlantis Conference
4.3.2024
Following bitcoin’s climb beyond the $65,000 mark, social media has been buzzing with discussions about the rumored acquisition of bitcoin by a billionaire from Qatar post the Bitcoin Atlantis conference in Madeira. A sighting of a Qatari jet at the airport subsequent to the Bitcoin Atlantis...
SAUDIPEPE Token is the Latest Token to Shoot Up 18,986% and This AI Meme Coin Could Be Next
29.2.2024
As Bitcoin hammers a 2-year high, Solana meme coin markets remain supercharged and Saudi Pepe is the latest to explode, with SAUDIPEPE price exploding +18,986%. This article will provide an analysis of SAUDIPEPE’s current price trends and look to see whether a newer AI crypto coin, SCOTTY...