ICP and InvoiceMate Tokenize $220M in Invoices, Pioneering DeFi Transformation
The Internet Computer (ICP) Blockchain, in collaboration with InvoiceMate, has successfully tokenized over $220 million worth of invoices. InvoiceMate, a platform known for invoice tokenization and recognized by Deloitte, has leveraged ICP’s technology to achieve this milestone, highlighting the significant impact of decentralized finance (DeFi) on real-world assets (RWAs). ICP’s decentralized network is renowned for […]
Anthony Scaramucci and Blockchain Founders Fund Invest in TDMM, Setting Stage for $75M Funding Round
TradeDog Market Manager (TDMM) has announced the successful closure of its strategic round of funding, with significant investments from Blockchain Founders Fund (BFF) and Wall Street giant Anthony Scaramucci, Founder of SkyBridge Capital. This strategic round sets the stage for TDMM’s next funding round, aiming to raise $75 million. Institutional-Grade Validation: TDMM’s cutting-edge crypto trading […]
Ripple CEO Brad Garlinghouse: Gensler’s Missteps Could Cost Biden the Election
SEC Chair Gary Gensler faced tough questions on Tuesday, stirring interest within the crypto community. Speaking at the Bloomberg Invest Summit, he provided insights on the current state of the crypto market. “There’s 15 to 20,000 various tokens and they’re offered in investment contracts, schemes that are investment contracts and you look at it. The […]
Bitpanda Expands into MENA with Over 5 Million Users and AED 400 Million in Revenue
Bitpanda.com, the renowned crypto broker platform from European fintech unicorn Bitpanda, has now garnered the trust of over five million retail users following a significant growth period. In Q1 2024, Bitpanda reported a record revenue exceeding AED 400 million, and in Q2, nearly 500,000 new users joined the platform as European investors increasingly turned to […]
Riyadh to Host Inaugural ’24 Fintech’ Event, Transforming Saudi Arabia’s Financial Landscape
A fintech transformation is coming to Riyadh! Tahaluf, the strategic collaborative venture between Informa PLC, the Saudi Federation forCybersecurity, Programming and Drones (SAFCSP), and the Events Investment Fund (EIF), hasannounced plans for a major new fintech event to be staged in Riyadh this September – withambitions for it to rival some of the world’s best […]
UAE Central Bank Releases Official Payment Token (Stablecoin) Services Regulation
The Central Bank of the UAE (CBUAE) has officially published the UAE Payment Token Services Regulation, a comprehensive framework for licensing and supervising digital payment services, including stablecoins, in the UAE. This regulation outlines the rules and conditions for providing payment token services, ensuring a secure and efficient digital payment ecosystem. This follows our initial […]
CBUAE Issues Sandbox Regulation to Attract Startups and Foster Innovation
The Central Bank of the UAE (CBUAE) has introduced the Sandbox Conditions Regulation, designed to attract start-ups and global fintech businesses. This regulation aims to create an attractive environment that supports creativity and innovation within a regulatory and supervisory framework, enhancing the competitiveness of the financial sector and supporting the UAE’s economic growth. The Sandbox […]
BitOasis Expands GCC Presence with New Bahrain License and Office
BitOasis has unveiled a substantial expansion initiative into the GCC market. Headquartered in Dubai, BitOasis will utilize its newly acquired Category 2 Crypto-Asset Services License from the Central Bank of Bahrain to strengthen its regional presence. This expansion encompasses the establishment of a new office in the Kingdom of Bahrain, strategically positioned to serve both […]
Laser Digital Receives Financial Services Permission from ADGM’s Financial Services Regulatory Authority
Laser Digital (AD) Limited is pleased to announce the approval of its Financial Services Permission (FSP) by the Financial Services Regulatory Authority of Abu Dhabi. This milestone completes Laser Digital’s licensing process within Abu Dhabi Global Market (ADGM). The FSP allows Laser Digital to offer broker-dealer services and asset/fund management services within and from ADGM, […]
UAE Advances as AI Leader with Strong International Support and Investments
The United Arab Emirates (UAE) continues its steady march towards realizing its future vision of becoming a global capital for artificial intelligence (AI). This effort has garnered broad international support, with reports in numerous global publications recognizing it as a leader in this promising field. Massive investments pouring into the AI sector serve as testimony […]