Unleashing the AI-Crypto Revolution: Pioneering a New Era of Intelligent Digital Assets…But What About Regulation?
Artificial Intelligence (AI) and cryptocurrencies have emerged as two groundbreaking technologies that are reshaping industries and challenging traditional norms. Both fields possess tremendous potential on their own, but when combined, they create a symbiotic relationship that propels innovation to new heights. The link between AI and crypto is a dynamic partnership that holds immense promise […]
Surpassing Expectations: Outstanding Performance of HAYVN 20 Fund Since Inception
HAYVN, a financial institution focused on regulated digital assets, has reported impressive returns for its HAYVN 20 Cryptocurrency Index Fund in the first quarter of 2023, despite the growing volatility in the digital asset market. Since its launch in January 2023, the index fund, which provides clients with a diversified, cost-effective, and regulated investment strategy […]
Singapore Whampoa Group to Set Up Digital Bank HQ in Bahrain
On May 18, the Economic Development Board of Bahrain announced that the Whampoa Group, a Singapore-based family office, intends to establish a digital bank in Bahrain. The bank is expected to commence operations before the year concludes and aims to attract customers from around the world. The services offered by the bank will include digital […]
Dubai Chambers Recognized for Digital Transformation: Finalist for Best Unconventional Project
Dubai Chambers has made it to the final round as a contender for the “Best Unconventional Project” category in the 2023 World Chambers Competition. A remarkable total of 111 applications from 47 countries were submitted for the competition. The Intelligent Certificate of Origin (ICOO) project, which has been nominated, aligns with Dubai Chambers’ objective to […]
Taking Flight into the Digital Era: Dubai Civil Aviation Authority to Integrate Blockchain for Swift Permits
Dubai’s Civil Aviation Authority (DCAA) has entered into an agreement with Dubai Aviation City Corporation and Dubai Integrated Economic Zones to expedite the digitization of aviation activities. Under the presence of Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DCAA and Emirates Airline and Group, these agreements aim to enhance cooperation and establish a connected […]
Emirates NBD Unveils Digital Asset Lab and Announces Founding Council Members
Emirates NBD, a prominent banking group in the MENAT region, has unveiled the Emirates NBD Digital Asset Lab. This innovative platform is designed to facilitate and accelerate the advancement of digital asset and financial services innovation in the United Arab Emirates. The Digital Asset Lab serves as a robust foundation for collaborative creation and experimentation, […]
zkLink Raises $10M in Funding as Mainnet Launch Approaches, with Support from Cypher Capital and Other Prominent Investors
In a significant achievement for zkLink, a trading infrastructure utilizing multi-chain ZK-Rollup, the company has announced the successful conclusion of its strategic funding round. Esteemed investors, including Coinbase Ventures, Cypher Capital, Ascensive Assets, SIG DTI, BigBrain Holdings, Efficient Frontier, Csquared Ventures, and others, have contributed an additional $10 million, bringing the total funding to $18.5 […]
Revolutionizing Government Services: Dubai Customs Earn Second Intellectual Property Certificate for Innovative Blockchain System
Dubai Customs have achieved a remarkable milestone in advancing government services through cutting-edge technology. They have obtained a second certificate of intellectual property from the Ministry of Economy for their groundbreaking “Blockchain System for Managing Intellectual Property and Knowledge Assets.” Engineer Saeed bin Faris, the Manager of the Awareness and Education Section at Dubai Customs, […]
Ankr and DMCC Team Up to Empower Web3 Companies
Ankr, a prominent provider of enterprise-level blockchain infrastructure and services, has formed a strategic alliance with Dubai Multi Commodities Centre (DMCC), the world’s leading free zone. The partnership will benefit over 550 Web3 member companies at the DMCC Crypto Centre by accelerating their growth and development with cutting-edge products, infrastructure, and advisory incubation. Ankr’s complete […]
Standard Chartered and DIFC Join Forces to Offer Digital Asset Custody Services in UAE
Standard Chartered has entered into a memorandum of understanding (MoU) with Dubai International Financial Centre (DIFC) to cooperate on digital assets and their custody. The agreement entails Standard Chartered launching digital asset custody services, beginning in DIFC and expanding to institutional clients across the globe, after regulatory clearance is obtained. Standard Chartered is a major […]