Phoenix Group and Green Data City to Forge $300M Crypto-Mining Haven in Oman
In a notable event that transpired on August 14, 2023, Green Data City located in Muscat and the Phoenix Group based in Abu Dhabi joined forces to establish an agreement for the development of a crypto-mining facility boasting a substantial 150 megawatt capacity in Oman. This pivotal occasion took place at the Ministry of Transport, […]
Powerful Technology and Storytelling Unite in Exclusive Interview with Renowned Producers Arabian Prince and Fernando Garibay
In the realm of music, exists an ever-evolving dialogue between creativity and technology. A conversation recently brought to light in a remarkable collaboration between Arabian Prince and Fernando Garibay – two music producers from different generations whose paths converged to discuss the symbiotic relationship between technology and the creative process. The significance of this meeting […]
Mark Your Calendar: Crypto Expo Dubai 2023 – Shaping the Future of Crypto
The 5th edition of the Crypto Expo Dubai by HQmena is planned to take place on September 20th and 21st, 2023 at At Festival Arena, Dubai Festival City. This edition’s main themes will be exchanges, ICO, payment solutions, security providers, web3, liquidity providers & NFTs, etc. With A-list speakers, and some of the industry’s top-level […]
Local Pioneer M2 Officially Embarks on its Journey, Receives Anticipated FSP License From ADGM
M2, a novel virtual asset platform, has been officially granted a Financial Services Permission (FSP) license by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This authorization empowers M2 to operate a multilateral trading facility and provide custody services to residents of the UAE. M2 is now positioned to extend […]
Easy Coins Becomes Oman’s First Registered Virtual Assets Service Provider
Cryptocurrency trading start-up, Easy Coins, has achieved the distinction of becoming Oman’s inaugural virtual assets service provider (VASP) to receive official registration from the Capital Market Authority (CMA). Easy Coins commenced its operations in Oman in 2021, predating the establishment of regulatory oversight for the cryptocurrency sector within the nation. Upon its inception, the introduction […]
VARA and DET Sign MoU to Set the Industry Benchmark for Virtual Asset Market Assurance Standards
Dubai’s Department of Economy and Tourism (DET) and the Virtual Assets Regulatory Authority (VARA) have entered into a formal agreement known as a Memorandum of Understanding (MoU) to collaborate on providing integrated services across the city in support of the Virtual Assets sector. The MoU establishes a framework for cooperation aimed at ensuring a synchronized […]
The UAE Introduces Carbon Credit System Powered by Blockchain Technology
Mariam bint Mohammed Almheiri, the Minister of Climate Change and Environment, observed the formal signing of a Memorandum of Understanding (MoU) among the Ministry of Climate Change and Environment (MoCCAE), the Industrial Innovation Group LLC, and the Venom Foundation. This collaboration is aimed at establishing a groundbreaking national system for carbon credits using cutting-edge blockchain […]
Sultanate of Oman’s CMA Unveils Virtual Assets Regulatory Framework Consultation Paper
The Capital Market Authority (CMA) in the Sultanate of Oman, responsible for regulating and developing the country’s financial markets in the capital market and insurance sectors, has presented to the public The Consultation Paper for the Virtual Assets Regulatory Framework. This proactive step showcases the CMA’s commitment to fostering the growth of the digital assets […]
FTX Seeks Exclusion of Dubai Unit from Bankruptcy Proceedings with Court Motion
Bankrupt crypto exchange FTX has taken legal action to exclude its Dubai unit from the ongoing restructuring proceedings in the United States. In a court filing on August 2, FTX argued that its Dubai subsidiary had not engaged in any business activities before the bankruptcy filing, making its rehabilitation unlikely. The court is set to […]
Mohamed bin Zayed University of Artificial Intelligence Expands Robotics and Computer Science Departments to Meet Rising Demand
Abu Dhabi’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has made significant strides in response to the surging global demand for robotics and computer science. Anticipating the value of these disciplines to reach $225 billion for robotics and $140 billion for computer science by 2030, the university has established two new departments and four […]