UAE Leads Global Crypto Adoption with a Perfect 10 in Tax-Friendliness, Report Shows
The recent Crypto Wealth Report by Henley & Partners reveals that the United Arab Emirates (UAE), along with Singapore, boasts the highest rate of public cryptocurrency adoption globally. Their Crypto Adoption Index, scoring the two nations at 7.1 out of 10, encompasses six critical factors: public adoption, infrastructure integration, innovation and technology, regulatory framework, economic […]
Bybit Unveils TradeGPT, the AI-Powered Trading Tool Empowering Cryptocurrency Analysis and Education
Bybit, a cryptocurrency exchange based in Dubai, has developed a trading tool that relies on artificial intelligence (AI) and language processing. This tool, known as TradeGPT, leverages the language generation capabilities of the ChatGPT model and Bybit’s in-house ToolsGPT to provide real-time market analysis and respond to technical queries from users in multiple languages. TradeGPT […]
UAE Establishes Federal Authority for Commercial Gaming Amid Industry Surge, A Jackpot for Blockchain?
The United Arab Emirates has recently announced the establishment of the General Commercial Gaming Regulatory Authority, marking a significant development in the country’s approach towards commercial gaming and potentially opening the door to a national lottery. While details about the new authority remain limited, this move reflects the UAE’s increasing openness to the idea of […]
TDeFi Announces $100K Investment for Chosen Web3 Startups in DMCC Crypto Centre Accelerator Program
DMCC, the leading free zone and government authority in Dubai for commodities trade and business, along with TDeFi, a global Web3 incubator and consultancy firm, are in the final stages of accepting registrations for the second cohort of a Web3 startup incubator program at the DMCC Crypto Centre. All applicants will receive special guidance and […]
World Economic Forum Selects Omar Sultan Al Olama for Steering Committee in AI Governance Alliance
The World Economic Forum has revealed the appointment of His Excellency Omar Sultan Al Olama, who serves as the Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, as well as the Director General of the Prime Minister’s Office. He has been chosen to join the steering committee of the AI Governance […]
City University Ajman and Ajman Municipality Collaborate in Empowering Human Resources through Web 3.0 Technology Training
City University Ajman has taken a significant step towards collaboration by signing a memorandum of understanding (MoU) with the Ajman Municipality and Planning Department. This move aims to strengthen their joint ties, amplify cooperation in the realm of education and training, refine the skills of human resources, and equip them with the necessary expertise in […]
Dubai Taxi Enhances Smart Services in Alignment with Digital Transformation Strategy
Dubai’s Roads and Transport Authority (RTA) subsidiary Dubai Taxi Corporation (DTC) has announced the launch of four smart and innovative services to its digital application (DTC App). This step aligns with DTC’s digital transformation strategy and its pioneering efforts in providing safe and sustainable digital transportation services, which contribute to Dubai’s global leadership in transportation […]
Step into the Future of Coffee and Art at Sokos Café, Dubai’s First NFT-Themed Haven!
Calling all coffee aficionados, tech enthusiasts, and art connoisseurs! The wait is over as Sokos Café, the world’s first NFT-themed café, has officially opened its doors in the heart of Dubai. Nestled in front of the Emirates Towers Metro Station on the iconic Sheikh Zayed Road, Sokos Café is redefining the café experience in an […]
CoinDCX Invests Significantly in BitOasis, MENA’s Crypto Trading Platform
BitOasis, the leading crypto asset trading platform in the MENA region, has secured an investment from CoinDCX, India’s highest-valued Virtual Asset Service Provider (VASP). Other investors in BitOasis include Wamda Capital and Jump Capital. The infusion of new capital will aid BitOasis in its mission to expand its influence within the region. It will facilitate […]
VARA Enables Staking Services within Custody Offerings Under Revised Rulebook
The Virtual Assets Regulatory Authority (VARA) has released an updated Custody Services Rulebook that allows Custody Services providers to engage in staking activities, subject to the stipulated criteria outlined in the revised rulebook. Therefore, Virtual Asset Service Providers (VASPs) with valid licenses for Custody Services are now authorized, following specific approval from VARA, to offer […]