Central Bank of Sudan Warns of Cryptocurrency Risks
The central bank of crisis-stricken Sudan warns of cryptocurrency risks stating that citizens dealing with cryptocurrencies face numerous risks including loss of value. According to a source, Sudan’s central bank has advised residents against using or trading in cryptocurrencies as the country’s currency continues to plunge. Those interacting with crypto assets face dangers such as […]
Crypto payments for Dubai real estate increased by 300 percent
UAE based Real estate and industry experts estimate that crypto payments for Dubai real estate increased by 300 percent in 2022 so far and the tend will continue. Majority of buyers are using stablecoins such as Tether, USDT as well as Bitcoin and Ethereum. According to experts, many investors have requested payment via cryptocurrency, as […]
FURA gems to hold UAE Emerald Auction using blockchain Smart Contracts
FURA Gems to hold a raw emerald auction using Blockchain smart contract from its UAE Sharjah headquarters from April 3 through April 10, 2022. A smart contract Gübelin Gem Lab’s Provenance Proof blockchain technology tracing the gem’s origins, Columbia. It will be ready to be transmitted to the eventual bidder. Over 50 buyers from across […]
Dubai FitnessVR metaverse launches in Q2 2022
FitnessVR, the first health and fitness metaverse powered by Scorpio Metaverse Engine, launches in Dubai UAE. FitnessVR is a metaverse which wants to advance wellness and human connections. It focuses on being a fully on, 24×7 immersive metaverse, featuring health and fitness-related activities, events and themes using blockchain and cryptocurrencies as well as NFTs to […]
Two Thirds of UAE residents want to invest in crypto
A recent YouGov’s report under the title “The Future of Financial Services Report” shows that two thirds of UAE residents ( 67 percent) want to invest in crypto within the next five years. Of these, young respondents between 25-34 years (74%) are most likely to want to invest in crypto as compared to older adults […]
UAE BitOasis third exchange to receive provisional license from Dubai VARA regulator
UAE BitOasis has received provisional approval from Dubai’s Virtual Assets Regulatory Authority to continue its business operations in Dubai whilst it undertakes the indepth process of applying for a license in accordance with the VARA requirements. Dubai VARA will serve as the single custodial entity mandated to license and govern the burgeoning sector in Dubai, […]
Ubuntu Tribe Gold backed stablecoin opens headquarters in Dubai UAE
Ubuntu Tribe, a gold backed stablecoin platform announced on LinkedIn that it has set up its global headquarters in Dubai UAE. Mamadou Kwidjim Toure, Founder and CEO of Ubuntu Group which focuses on Advisory and Investment activities across industries supporting firms in Africa to achieving scalable and sustainable growth on the continent, made the announcement […]
CoinFirm partners with UAE Based RETL for crypto compliance
UAE RETL (Remitex Technologies) an AJMS Group Entity, a RegTech firm headquartered in DIFC, offering AML / CFT compliance, partners with CoinFirm a crypto AML analytics provider. The partnership will work to enhance RETL’s DIGI comply tool by integrating CoinFirms crypto AML platform. The partnership comes at a time when the crypto asset class experiencing […]
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The Middle East region crypto value received is expected to rise above 7 percent compared by June 2022 with a substantial increase in growth. These projections stem from the fact that the region has witnessed more acceptance of crypto and crypto regulations. Leading this growth will be countries such as the UAE, Lebanon, Egypt and […]
Pickl becomes first UAE restaurant to enter the Metaverse
The United Arab Emirates burger joint Pickl becomes the first UAE based restaurant to enter the Metaverse, paving the way for the local Food and Beverage industry. Pickl fans visiting the Metaverse will be able to participate in special brand-themed games, buy virtual clothes, and collect Pickl-inspired NFTs that can be redeemed for tangible products […]