ADGM RA Prioritizes DLT Foundations Oversight in 2024 Regulatory Agenda
In November 2023, the Registration Authority (RA) of Abu Dhabi Global Market (ADGM) took a monumental step in the evolution of digital asset regulatory frameworks by officially releasing the Distributed Ledger Technology (DLT) Foundations Regulations 2023. This landmark legislative structure is designed to offer a comprehensive framework for DLT Foundations and decentralized autonomous organizations (DAOs), […]
Exscape Appoints Faisal Zaidi as New President
Exscape, a cutting-edge interactive media platform that merges play-to-win gaming, social interaction, and the metaverse into a unified experience, announces the appointment of Faisal Zaidi as its new President, effective July 15, 2024. Founded by a team of veteran digital industry entrepreneurs and professionals, Exscape was launched in 2021 to address the increasingly fragmented nature […]
Ethereum ETF Approval Ignites Market Excitement in the MENA Region
The much-anticipated launch of Ethereum exchange-traded funds (ETFs) has finally arrived, generating significant buzz within the cryptocurrency community and beyond. Ethereum ETFs Debut on Major Exchanges As of July 23, 2024, investors can now purchase Ethereum through traditional stock exchanges, marking a pivotal moment for both Wall Street and retail investors. A total of nine […]
MiCA vs. CBUAE: Stablecoin Regulations Transforming the Crypto Landscape
The regulatory landscape for stablecoins has been evolving rapidly across different jurisdictions. Two notable stablecoin regulations are the Markets in Crypto-Assets (MiCA) Regulation in the European Union and the UAE Central Bank’s Payment Token Services Regulation (referred to in this article as CBUAE Stablecoin Regulation). MiCA, the EU’s comprehensive crypto law, was officially enforced in […]
Phoenix Group PLC Unveils New 25-Megawatt Mining Facility in South Carolina
Phoenix Group PLC (PHX), a prominent multi-billion-dollar tech conglomerate listed on the Abu Dhabi Securities Exchange (ADX), has announced the opening of a new 25-megawatt cryptocurrency mining facility in Willamette, South Carolina. This remarkable expansion boosts the company’s global mining capacity by 1 exa hash, raising its total to 18 exa hash. Seyed Mohammad Alizadehfard […]
Brinc and Boba Network Unveil Liftoff Accelerator with Over $1 Million Investment in Web3 Innovation
Brinc, a global leader in venture acceleration and corporate innovation, has teamed up with Boba Network, a multichain layer-2 scaling solution, to introduce the Liftoff accelerator. This new virtual accelerator, based in Brinc’s MENA office in Dubai, offers global startups the chance to receive over $1 million in funding from Boba Network. The program aims […]
Liminal’s Detailed Report on WazirX Security Breach
Liminal has released an in-depth report regarding the recent security breach at WazirX, which resulted in the loss of funds from their Gnosis SAFE smart contract wallet. This report aims to clarify the events leading to the breach and emphasize that Liminal’s infrastructure remains uncompromised. Overview of the Incident The breach, which occurred on July […]
Jordan Launches National Blockchain Network MODEE DLT to Enhance E-Government Services
The Ministry of Digital Economy and Entrepreneurship in Jordan has launched a national blockchain technology network, MODEE DLT, in partnership with Jordanian blockchain company Blockexe. This initiative aims to enhance trust and transparency in government services. MODEE DLT, a cornerstone of Jordan’s digital transformation, has been integrated with the “Sanad” system to provide a decentralized […]
UAE Retail Investors Pivot to AI, Shifting Away from Big Tech
Retail investors in the UAE are increasingly rallying behind artificial intelligence (AI) stocks, while interest in Big Tech and pharmaceutical stocks wanes, according to the latest quarterly data from trading and investing platform eToro. The data reveals significant changes in the proportion of holders of various stocks on eToro’s platform. NVIDIA, a leader in the […]
XRP Healthcare LLC Registers Trademark in UAE, Strengthening Global Presence
XRP Healthcare, the blockchain XRPL-based healthcare platform, officially announced the registration of its trademark in the United Arab Emirates (UAE), on July 12. This achievement follows the company’s strategic incorporation in the crypto-friendly Gulf state last year, highlighting its commitment to global expansion and brand protection. In addition to the UAE, XRP Healthcare has also […]