CoinBase Struggle with SEC Reflects Larger Issues with US Crypto Regulations
Coinbase‘s recent launch of an offshore international platform is a troubling development for the United States and the crypto industry. The cryptocurrency exchange has been trying to obtain clearer regulatory guidelines for the crypto industry in the US by filing a petition with the Securities and Exchange Commission (SEC) in July 2022. In fact, Coinbase […]
Trio of ChatGPT Platforms From G42 to Hit UAE Market Soon, Says CEO
Despite concerns about privacy and security, ChatGPT has gained popularity, and many GPT platforms have emerged, ranging from CatGPT, which generates cat-related GIFs based on user input, to more serious applications like Astra Tech’s BOTIM GPT, a chat bot that utilizes GPT technology to communicate in Arabic. G42, an AI company in the UAE, is […]
Dubai Regulator VARA Cracks Down on Crypto Exchange OPNX and Its Three Arrows Capital Founders
The co-founders of the failed crypto hedge fund Three Arrows Capital have been reprimanded by Dubai authorities for promoting their new digital-asset exchange, OPNX, without the necessary local license. The Virtual Assets Regulatory Authority in Dubai issued a written warning to Su Zhu, Kyle Davies, the other two co-founders of OPNX, and the platform’s CEO […]
Aurora Labs Unveils Aurora Cloud: The Seamless Blockchain Solution for MENA Businesses
Aurora Labs, a well-known blockchain platform that is compatible with the Ethereum Virtual Machine (EVM) on the NEAR Protocol, has officially launched its latest product, Aurora Cloud, in the MENA region. This platform is specifically designed to allow businesses to seamlessly integrate blockchain technology into their operations without the need for expert teams, significant resources, […]
Dubai Crypto Market Takes Step Forward as BitOasis Receives First Broker-Dealer MVP Operational License from VARA
BitOasis, a crypto exchange focused on the Middle East and located in the United Arab Emirates, announced that it had obtained the first broker-dealer minimum viable product operational license from Dubai’s crypto regulator. BitOasis was granted provisional approval in March 2022 to begin the licensing process and has now become the first broker-dealer to complete […]
IMD Smart City Index: Abu Dhabi Retains Top Spot as MENA Smartest City for Third Year in a Row
Abu Dhabi has been named the smartest city in the Middle East and North Africa region for the third year in a row, according to the IMD Smart City Index. This annual report, produced by the International Institute for Management Development and the Singapore University of Technology and Design, surveyed 120 residents in 118 cities […]
MiCA: EU’s Proposed Regulatory Framework for Crypto-Assets and Its Implications for UAE
Markets in Crypto-Assets (MiCA) is the first regulatory framework proposed by the European Commission for the regulation of crypto-assets in the European Union (EU). This framework is intended to position Europe as a leader for crypto as it is the most comprehensive, thorough and clear regulatory framework for crypto assets. While the UAE have taken […]
Exploring the Potential of Generative AI: UAE Introduces Comprehensive Guide
The Office for Artificial Intelligence, Digital Economy, and Remote Work Applications has launched a guide on generative AI applications as part of Dubai’s efforts to promote the adoption of futuristic technologies in government work models. The guide, titled ‘Generative AI,’ aims to assist government entities in harnessing the advantages of AI technologies and improving their […]
Digital Transformation Partnership: Infosys and Saudi Aramco to Enhance Employee Engagement with AI
Aramco, a prominent integrated energy and chemicals firm, has partnered with Infosys, a leading digital services and consulting provider, to boost their human resource technology. The two companies plan to collaborate on various aspects of HR technology, including data analytics and automation. Their objective is to improve the overall employee experience by utilizing artificial intelligence […]
Koto Crypto Launches Instant Crypto OTC Desk in Dubai, Embracing UAE Friendly Regulations
Koto Crypto, a provider of cryptocurrency transfer services, has introduced an all-in-one crypto over-the-counter (OTC) desk that enables people in Dubai to instantly purchase or sell cryptocurrencies using cash. As the use of digital currencies as a payment method becomes increasingly popular worldwide, finding dependable platforms for purchasing or selling crypto can be a daunting […]