WEMADE Partners with DIFC Innovation Hub for WEMIX PLAY Center, a Global Web3 Gaming Hub
WEMADE (KOSDAQ: 112040), a prominent global gaming company based in South Korea, has joined forces with the DIFC Innovation Hub, the leading center for technology and innovation in the Middle East, Africa, and South Asia (MEASA) region. Together, they have announced a strategic partnership aimed at creating a global Web3 gaming hub known as the […]
Phoenix Group’s 187M Deal With Bitmain Amplifies Momentum After Historic IPO Triumph
Phoenix Group PLC, a giant in the Middle East’s Bitcoin mining realm and an influential force in blockchain technology worldwide, has marked another milestone in its upward trajectory. The company has sealed a monumental USD 187 million deal with Bitmain, a titan in the industry, further cementing its position following recent record-breaking partnerships and a […]
UAE’s DFSA Unveils Revisions to Crypto Token Regulations for Public Consultation
The Dubai Financial Services Authority (DFSA) has released a Consultation Paper (CP) aiming to gather public input on proposed amendments to their regulatory framework governing financial services activities associated with Crypto Tokens. These changes, derived from supervisory insights, recent market dynamics, and international recommendations, focus solely on Crypto Tokens, excluding regulations pertaining to Investment Tokens. […]
Saudi Central Bank SAMA Introduces BNPL Regulations Following UAE’s Lead
Saudi Arabia’s Central Bank, SAMA, has recently announced stringent regulations governing Buy Now, Pay Later (BNPL) activities within the Kingdom. The comprehensive guidelines, outlined in an official release, aim to offer clarity and oversight to this burgeoning financial sector. These guidelines encompass several crucial provisions, emphasizing the need for BNPL entities to establish a local […]
Alps Blockchain to Launch Advanced Mining Farm in Green Data City, Oman
Green Data City LLC, a Oman-based company, has forged an alliance with Italy’s Alps Blockchain SpA, facilitated through its subsidiary, Alps Middle East SPC. Their collaboration aims to erect a cutting-edge blockchain data center in Oman, marking a significant stride in the region’s technological advancement. The venture, to be housed within Green Data City’s hub, […]
Ras Al Khaimah Unveils Cutting-Edge Certified AI Practitioner Program
In alignment with Ras Al Khaimah Government’s dedication to nurturing UAE talent in the global digital sector and supporting education and growth, the Department of Human Resources (DHR) and RAK Investment and Development Office (IDO) have forged a partnership to introduce the Certified Artificial Intelligence Practitioner (CAIP) Program. In collaboration with PricewaterhouseCoopers (PwC) Academy, this […]
CBUAE Issues New Regulations for Enhanced Governance in Finance Companies
In a bid to fortify the financial landscape and tighten regulatory measures, the Board of Directors of the Central Bank announced a series of pivotal changes effective from September 29, 2023. These amendments, meticulously crafted after a thorough examination of existing legislations, aim to enhance oversight in the realm of finance companies. The decision comes […]
InvoiceMate’s Private Credit Transaction on XDC Network via TradeFinex Deemed Successful
In a recent demonstration of blockchain’s potential in traditional finance, InvoiceMate recently completed a pivotal pilot program. The initiative showcased the seamless tokenization of an invoice using the XDC blockchain protocol, marking a significant milestone in blockchain-powered financing. Utilizing TradeFinex‘s open-source smart contract standards, InvoiceMate facilitated a revolutionary transaction. Acting as the loan originator, InvoiceMate […]
Unlocking 2024: Crypto ETFs, Regulations and the Rise of a Bullish Market
Cryptocurrencies have emerged as a transformative force, altering the landscape of finance and investment with their decentralized allure. As we stand on the brink of a new year, the anticipation looms large: the potential approval of crypto Exchange-Traded Funds (ETFs) promises to ignite the financial world in 2024. The long-awaited arrival of a Bitcoin ETF […]
Boardroom Turmoil at HAYVN: CEO Resignation, Technical Upheaval, and Investor Intrigue
In a series of unfolding events, HAYVN, a prominent digital asset company in the Middle East, faces a deepening crisis with the sudden resignation of CEO Christopher Flinos. As the investigation into the circumstances surrounding Flinos’s departure continues, new revelations point to a troubled technical upgrade, dissatisfied clients, and regulatory challenges that could reshape the […]