Category: Uncategorized

Dubai’s Virtual Assets Regulatory Authority Appoints New CEO

Henson Orser, former president of Nomura’s Japanese crypto project Komainu, is now heading the Virtual Assets Regulatory Authority (VARA) in Dubai. VARA was established in March 2022 with the purpose of regulating the virtual assets industry and issuing licenses to crypto operators in the city. Orser’s appointment comes as Dubai aims to become a hub […]

Abu Dhabi’s Venom Foundation Unleashes $1 Billion for Web3 and Blockchain Innovations

The Venom Foundation and Iceberg Capital, based in Abu Dhabi, have partnered to invest $1 billion in Web3 and blockchain technology companies through a new fund called Venom Ventures Fund. The Venom Ventures Fund, which is a partnership between Venom Foundation and Abu Dhabi Global Market (ADGM) investment management firm Iceberg Capital, plans to invest […]

Potential Metaverse Contribution to Saudi’s Economy Estimated at $7.6 Billion by 2030

A report published by Strategy & Middle East revealed that the metaverse could potentially contribute around $15 billion annually to the economies of the GCC by 2030, with Saudi Arabia working to diversify its economy in accordance with its Vision 2030 objectives, and the UAE potentially seeing contributions of $7.6 billion and $3.3 billion, respectively. However, PwC […]

Crypto Expo to Go Global in 2023

Crypto Expo, a virtual asset and Blockchain exhibition and conference, is set to take place in Dubai, Singapore, and Miami in 2023. The event, which is organized by HQMena, is expected to attract a global audience of digital asset and Blockchain technology enthusiasts, including leading exchanges, technology providers, influencers, and a large community of investors. […]

Dubai Verse Cup Unveils Virtual Horse Racing Platform with Play-to-Earn Rewards

Dubai Verse Cup, the unique play-to-earn (P2E) horse racing game, calls all gaming enthusiasts to try out what Dubai’s future gaming-verse has to offer, with its Dubai Verse Cup Challenge and a chance to win exciting crypto and NFT awards. Built differently, the blockchain-based horse racing game uses the P2E business model to encourage players […]

Metaverse, Crypto, and NFTs to Thrive, Reveals Chalhoub Group Executive

After publishing the “GCC State of the Metaverse and its Potential for Luxury Retail“,Chalhoub Group revealed that the metaverse industry is currently worth $40 to $65 billion and is expected to reach $13 trillion by 2030. Nick Vinckier, Head of Corporate Innovation at Chalhoub Group, explained, “There are three key takeaways from the document, according […]

Iran Releases Seized Crypto Mining Equipment Following Court Order…But Why?

Iranian authorities previously seized crypto mining equipment over the past few years because they believed it was causing stress on the energy grid, particularly during winter. However, a court has recently ordered the release of this equipment due to concerns about power shortages. The Organization for Collection and Sale of State-Owned Property (OCSSOP) has seized […]