Adaverse Invests $500,000 in Saudi Loyalty Platform Mithu
Adaverse, a prominent Web3 venture builder, has announced a substantial $500,000 pre-seed investment in Mithu, an innovative loyalty platform designed to streamline customer engagement for restaurants and cafes across Saudi Arabia. Mithu addresses a significant challenge in the loyalty program market. With countless loyalty programs in place, customers often struggle to manage their rewards effectively, […]
RAKBANK Partners with Bitpanda to Advance Digital Asset Management in UAE
The National Bank of Ras Al Khaimah (RAKBANK), a prominent UAE bank known for its leadership in digital assets, has announced a strategic partnership with Bitpanda Technology Solutions, which is renowned for its scalable digital asset infrastructure. This collaboration aims to introduce a robust platform that will enable UAE residents to manage digital assets seamlessly. […]
Turkey’s Crypto Licensing Boom: Coinbase and KuCoin Join 76 Exchanges
The updated list of companies now includes Coinbase, KuCoin, and Gate.io, with the total number of organizations increasing from 47 to 76. Last week, the initial list featured major exchanges like Binance, Bitfinex and OKX. This development follows Turkey’s recent efforts to provide more regulatory clarity for crypto exchanges and other service providers, a move […]
Dubai Court Upholds Cryptocurrency Salaries in Landmark Ruling
In a landmark decision, the Dubai Court of First Instance has made a significant ruling on the payment of salaries in cryptocurrency. This ruling as reported by Lexology , made in 2024, marks a pivotal shift in the UAE’s judicial approach to digital currencies in employment contracts. It sets a new precedent by recognizing the […]
False Reports: India-UAE Oil Deal Not Settled with XRP
Recently, several media outlets announced that India and the UAE had settled an oil transaction using XRP. However, after contacting Ripple executives, it was confirmed that these reports are inaccurate. An investigation by The Crypto Basic revealed that the oil deal between the two countries was conducted using their local currencies, not XRP. Clarification of […]
Dubai to Host 10th P2P Financial Systems International Workshop with VARA’s Collaboration
The DLT Science Foundation is excited to announce that Dubai will host the 10th P2P Financial Systems International Workshop (P2PFISY 2024) on October 16-17, 2024. This landmark event, which celebrates a decade of groundbreaking discussions and research in decentralized finance, will bring together global leaders, regulators, and academics to explore the future of financial systems. […]
Crypto Exchanges Flood Turkey with License Applications amid New Regulations
International cryptocurrency exchanges are flocking to Turkey in response to the country’s recent clarification of its regulatory stance on crypto. The Turkish Capital Markets Board (CMB), Turkey’s financial regulatory authority, has reported a surge in applications, with 47 crypto exchanges, including industry giants like Binance, Bitfinex, and OKX, expressing their intention to operate in the […]
DIFC and Ripple Collaboration Aims to Drive Blockchain Adoption in UAE
Ripple has announced a strategic partnership with DIFC Innovation Hub. This collaboration aims to accelerate blockchain and digital assets innovation in the UAE. The partnership will connect developers with the DIFC Innovation Hub, the largest innovation community in the region. This community is home to more than 1,000 tech firms, digital labs, venture capital firms, […]
Adaverse Identifies Saudi Arabia as the Premier Destination for Web3 Entrepreneurs and Investors in New KSA-focused Web3 Report
Adaverse proudly announces the release of its inaugural “State of Web3 in Saudi Arabia,” a landmark publication aimed at positioning Saudi Arabia as a prime destination for Web3 entrepreneurs, investors, and talent from around the globe. This comprehensive report provides a detailed analysis of the Kingdom’s rapidly evolving Web3 ecosystem, underscoring its readiness for international […]
Abu Dhabi Blockchain Center Officially Unveiled
The Blockchain Center in Abu Dhabi has been officially unveiled, reflecting the region’s ongoing efforts to foster innovation and growth in the digital transformation ecosystem. This center aims to establish Abu Dhabi as a global leader in blockchain technology and innovation, focusing on creating a thriving ecosystem that supports startups, enterprises, and academic institutions through […]