COP28 Shines on the Role of Blockchain in the Green Digital Transition
COP28 spotlights the role of blockchain in facilitating the green digital shift. At a press conference at COP28 hosted by the Climate Chain Coalition, it was announced that the Slovenian Ministry of Economy, Tourism and Sport will host a three-day program from December 5 to 7 in Partnership with Future Blockchain Summit, MCH Global, IAAI […]
Redefining Finance: Traditional Banks Embrace Crypto Custody
The rise of crypto custody services began with fintech firms spearheading the space, offering storage solutions for digital assets. However, the landscape has significantly shifted with the entry of established financial institutions. This shift indicates a paradigmatic change, where banks, traditionally associated with conservative financial services, are recognizing the importance and potential of the burgeoning […]
Abu Dhabi Breaks Through in Decentralized Data Control, Launches Major AI Company AI71
Abu Dhabi’s Advanced Technology Research Council (ATRC) strides boldly into the realm of artificial intelligence with the launch of AI71, an innovative AI company stemming from the Technology Innovation Institute’s (TII) Falcon generative AI models. This venture marks a significant leap in AI capabilities, offering unprecedented data control options for companies and nations seeking heightened […]
Industry Leaders at Dubai Future Forum Urge Massive Shift in Finance, Tech to ‘Transform Humanity’
The Dubai Future Forum 2023 witnessed a convergence of global thought leaders across finance, telecommunications, technology, and demographic research. Addressing the need for radical change in their sectors, these experts emphasized the overhaul of “ineffective” frameworks guiding nations, communities, and individuals. During the panel titled ‘System Reset: How Will We Come to Define Currency?’, discussions […]
CBUAE and the People’s Bank of China Renew Currency Swap Agreement and Sign MoU to Enhance CBDC Development
The Central Bank of the UAE (CBUAE) and the People’s Bank of China recently inked a significant agreement to renew the currency swap between the two countries. They also signed a memorandum of understanding (MoU) aimed at advancing technical and technological collaboration for the development of central bank digital currencies (CBDCs). The signing, which took […]
Abu Dhabi’s Digital Banking Leap: Wio Bank and Fuze Forge Virtual Assets Integration
Wio Bank PJSC and Fuze, leading entities in the digital banking and virtual assets infrastructure domain respectively, have sealed a pivotal partnership aimed at revolutionizing the financial landscape in the MENA region. The collaboration introduces a cutting-edge virtual assets trading service within Wio Bank’s innovative application, Wio Personal, empowering customers to seamlessly engage in cryptocurrency […]
M2 Granted Full Regulatory Status in Abu Dhabi, Expands Services to UAE Residents and Institutions
Abu Dhabi’s M2, licensed by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM), has achieved recognition as a fully regulated Multilateral Trading Facility (MTF) and Custodian. This milestone allows M2 to onboard both UAE residents and institutional clients, offering a suite of cutting-edge trading products targeting diverse investor segments within […]
Circle and SBI Holdings Join Forces to Propel USDC Adoption in Japan, Jeremey Allaire Speaks His Mind
Circle, the entity behind the popular stablecoin USD Coin (USDC), is entering a strategic partnership with SBI Holdings, a Tokyo-based financial services firm. The collaboration aims to catalyze the adoption of USDC and Web3 services across Japan. Formalizing their intent, Circle and SBI Holdings inked a memorandum of understanding (MOU) on November 27 to facilitate […]
DMCC and Bybit Host Region’s Largest Hackathon, Awarding USD 100K to Three Leading Web3 Projects
DMCC, Dubai’s eminent free zone for commodities trade, and Bybit, the global crypto exchange, have successfully wrapped up a groundbreaking USD 100,000 hackathon aimed at propelling the growth of Dubai’s thriving Web3 ecosystem. This hackathon stands as a significant achievement in their strategic partnership initiated in June to propel the mass adoption of Crypto and […]
Phoenix Group PLC Achieves Record Success: Oversubscribed IPO Elevates Excitement for Upcoming ADX Listing
In a resounding display of investor confidence, Phoenix Group PLC, a stalwart in cryptocurrency mining, technology, and blockchain, has concluded its initial public offering (IPO) with staggering success. Closing with a remarkable 33 times oversubscription, the IPO for 907,323,529 shares surpassed all expectations, spotlighting an unparalleled investor interest in the company’s future prospects. The overwhelming […]