Tokengate Closes chf 3.6 million Seed Financing Round while expanding to UAE
Tokengate closes a CHF 3.6 Million seed financing round, receiving investor interest three times the capital available in the round. The funding will expand technology and fuel an expansion to the UAE, and further Tokengate’s mission to simplify the world of blockchain, tokenized assets and the Metaverse. After incubation at its parent company Inacta Ventures […]
Polygon Network Reaches First Sustainability Milestone By Achieving Carbon Neutrality
Polygon, an Ethereum scaling platform onboarding millions to Web3, based in Dubai UAE, announced its network has reached carbon neutrality on its road to becoming carbon negative by permanently retiring $400,000 in carbon credits to offset 90,000 tonnes of greenhouse gasses emitted since the inception of its blockchain. The milestone comes after Polygon in mid-April released its Green […]
UAE Launches World’s Most Expensive Modern Postage Stamp
Known as the global blockchain hub, The UAE has launched the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s Foundation Day, making Blockchain a key part of UAE’s business strategy over the past year. Government-owned post office, Emirates Post Group, launched the first edition of the modern postage stamp […]
Protech Startup Huspy Secures $37M from Sequoia Capital India and Founders Fund
Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy. The $37 million Series A round, one of the largest at this stage in MENA, was led by Sequoia Capital India. The round also welcomed participation from Fifth Wall, the largest VC firm backing real estate and proptech startups. Chimera Capital invested […]
BitOasis Follows Layoff Trend and Binance Saves the Market
The cryptocurrency industry is on edge as Bitcoin, which has lost 57% so far this year and 37% this month, fell below $20,000 over the weekend for the first time since December 2020. The price fall is due to many factors, however, further declines could have a knock on effect on crypto exchanges as they […]
CoinMENA Receives Provisional License from VARA
CoinMENA, the Sharia-compliant digital asset exchange company licensed and regulated by the Central Bank of Bahrain, has obtained a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA) to continue its business operations in Dubai while it undertakes the in-depth process of applying for a license, in accordance with VARA requirements. Helal Saeed […]
Dubai Chamber of Commerce Joins Forces With India to Enhance AI, Blockchain & Fintech
Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, recently organized a webinar, which shed light on the landmark UAE – India Comprehensive Economic Partnership Agreement (CEPA), and the various economic benefits that are expected to be created by the free trade deal. Attended by over 270 participants, the webinar was held […]
Unlock Blockchain Announces Partnership with Gulf News agnc3 as Web3 DeCode Exhibition Takes Shape
Unlock Blockchain is happy to announce its partnership with Gulf News agnc3, who will be hosting Web3 DeCode, a two-day exhibition on June 25 and 26 at Grand Hyatt. Followed by a gala dinner for the distribution of Web3 awards, the event will be held to raise awareness on Web3 technology, its rise in growing […]
Midchains brought Network International closer to the crypto space
Abu Dhabi based MidChains, a retail and institutional cryptocurrency exchange and custodian based out of ADGM ( Abu Dhabi Global Market), announced in a linked in post a partnership with Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA) region, with operation centers in the UAE, Egypt, Jordan, South Africa and […]
SmartCrowd, Mena digital real estate investment platform secures funding
SmartCrowd closed a bridge round in excess of USD $ 3 million. The bridge funding will enable the rapidly growing company to scale its operations, products and establish a presence in new markets including Saudi Arabia and Pakistan. Mad’a Investment Company, an influential Saudi firm, is the lead investor of the Bridge Round. TriCap Investment, […]