Revolutionizing Digital Assets: Inside HAYVN’s Vision for the Future
HAYVN, a digital asset company in the Middle East, has established itself as a player in the cryptocurrency industry by offering a diverse range of advanced services such as trading, payments, secure custody, and asset management. Among their many offerings, HAYVN also provides the ability to trade the AED and USD pairing, which has recently […]
UAE and India Strengthen Economic Ties Through Joint Experimentation with CBDCs
The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) in Abu Dhabi. The purpose of this MoU is to promote cooperation and collaboration between the two central banks in the realm of financial technology (FinTech). The MoU outlines the specific areas […]
Nuqtah Secures Seed Funding from Polygon and Animoca Brands
Nuqtah, the first NFT marketplace platform in Saudi Arabia, has announced that it has raised a seed round of funding led by Animoca Brands, with participation from Polygon and regional investors. This new injection of capital will be used to expand Nuqtah’s operations over the next 12 months in areas such as marketing, product development, […]
Abu Dhabi Royal Group Discusses Possible Buyout of SVB UK After Collapse
Royal Group, an investment company that is controlled by a prominent royal from Abu Dhabi, is contemplating the option of taking over the UK branch of Silicon Valley Bank, which recently went bankrupt. The group, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, who is also the National Security Adviser of the United Arab Emirates, […]
Abu Dhabi Al Nawwar Investments to Acquire FTX Interest in Sequoia Capital for $45M
According to court documents, Alameda Research, the investment arm of FTX, has reached a $45 million cash agreement with Abu Dhabi’s sovereign wealth fund to sell its stake in Sequoia Capital. The deal is still pending approval from Delaware bankruptcy court Judge John Dorsey and is part of the bankrupt company’s efforts to sell its […]
GCEX Receives MVP Preparatory License from VARA, Leading the Way in the Global Digital Asset Industry
Global digital asset brokerage and trading platform GCEX, has announced that it has received an MVP Preparatory license from Dubai’s Virtual Assets Regulatory Authority (VARA), making it the first to offer Broker/Dealer services. The license is a significant milestone for GCEX, as it enables the company to operate in the global digital asset industry under […]
Iran Advances in CBDC Development with Completion of Pre-Pilot Phase
Iran has finished conducting initial research for the launch of a possible digital version of their currency, the rial, as part of their plans for a central bank digital currency (CBDC). The Monetary and Banking Research Institute, which is the research division of Iran’s central bank, announced the completion of the pre-pilot phase for the […]
Egyptian Authorities Crack Down on Crypto Scammers After Stealing $620K from Unsuspecting Victims
Egyptian authorities have arrested 29 individuals for their alleged involvement in an online cryptocurrency scam. Among those detained, 13 are said to be foreigners. This scheme is believed to have tricked numerous investors out of their money. As per the statement released by the prosecution service, the group behind the cryptocurrency scam allegedly earned around […]
Verofax to Expand AI-Powered Solutions with USD 750K Fundraising Round on Beban Crowdfunding Platform
Verofax, a growth-stage startup that provides AI-powered solutions for enterprise and brand marketing, has been featured on Beban 2, a popular reality TV program that focuses on entrepreneurship and investment. The show, which airs on several TV channels and video-on-demand platforms, also features an interactive crowdfunding element called Beban Crowdfunding, which is licensed and regulated […]
Breaking Down Virtual Asset Regulations, KARM Legal Publishes Detailed Comparative Report
KARM Legal Consultants, a leading law firm specializing in Blockchain, Cryptocurrency, Web3 & Fintech in the UAE has, in collaboration with prominent legal experts – Mr. Eric Hess (Hess Legal Counsel), Mr. Jonathan Geen, Mr. Andreas Glarner (MME) and Mr. Thomas Nagele (Nagele Attorneys), published a new report analyzing the regulatory landscape for virtual assets […]