Banqu Blockchain supply chain platform raises 7 million USD
BanQu, supply chain traceability blockchain platform has raised a $7MM B Series equity round of funding to scale field operations across Africa, LATAM, and Asia. The round was led by Brick Street Holdings of Texas and included Blue Clay Pan Africa Fund. “We are very excited to partner with BanQu in their mission to ensure […]
UAE crypto VCs invest in Bridge Network
UAE Crypto Venture Capitalist firms have invested in cross chain platform Bridge Network. The company raised $3.8M million with backing from FTX Ventures, MEXC Global, Master Ventures, Blockfinex, Vulcan forged as well as investors from the UAE that included Crypto Oasis Sentio, GDA Capital, Abed Group and UAE Cypher Capital. In addition other investors included […]
UAE Sharjah Investment FDI discusses investments in virtual assets
UAE Sharjah FDI Office (Invest in Sharjah) in its Sharjah Economic Ramadan Majlis (SERM) scheduled for Tuesday 19th April at the House of Wisdom under the theme ‘Investment Opportunities in Virtual Assets’. To be held in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), the Majlis […]
UAE DIFC launches digital asset and DeFi venture studio
UAE DIFC (Dubai International Financial Centre), a global financial center in the MENA and South Asia launches the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies and decentralized Finance DeFi. The initiative is a key part of DIFC’s efforts to achieve the goals of its 2030 strategy by attracting […]
BitOasis CEO UAE will become a global crypto hub
UAE based BitOasis, crypto exchange CEO Ola Doudin believes UAE will become a global crypto hub. Doudin made these remarks during an interview on Fintech TV in an episode of the Digital Asset Report. During the interview she stated, “I think there’s been a lot of developments happening over the last six to ten months, […]
Dubai replaces Singapore in attracting crypto companies
According to a recent article in the financial times, Crypto firms are rushing to set up shop in Dubai UAE, after it announced its virtual asset licenses, replacing Singapore. As per the article the new regulations is making the Gulf state a haven for the global crypto industry. Exchange ByBit, stated it would relocate its […]
UAE Decentralised Investment group partners with NextPlay for fiat payments
UAE Decentralised Investment Group, blockchain tech company partners with NextPlay Technologies, Inc. (Nasdaq: NXTP),a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, to develop and operate an exclusive fiat payment platform for DIG customers. Upon execution of a definitive agreement, NextBank International NextPlay’s global banking unit, would provide DIG customers with access to […]
Bahrain Rain crypto exchange seeks license in Pakistan
Bahrain Rain crypto exchange, seeks a license in Pakistan and has appointed Zeeshan Ahmed as its Country General Manager, Pakistan. As per the release, while Rain is not yet operational in Pakistan, it will be advocating for the regulation and seek licensing in the country. Zeeshan is a senior management professional leading turnaround and growth […]
First Cinematic NFT Film Series exploring Dubai Debuts
The Future Is Now Film, the first cinematographic NFT project, featured two new releases from the city of the future Dubai and Hamburg, addressing such complex issues as how to develop an environment for inventions and how decentralization would aid world economies recover during the Great Reset. Oneday Productions’ The Future is Now Film (TFIN) […]
UAE and KSA Central Bank Wholesale CBDC projects make global top 10 list
Price Water house Coopers recently published their 2022 Central Bank Digital Currency ( CBDC) Index and stablecoin overview. In the PWC report when showcasing the progress of Central Banks in terms of wholesale CBDC front, both the UAE and the Kingdom of Saudi Arabia ( KSA) were among the top 10 globally. Leading the pack […]