Qatar Financial Centre Launches Digital Assets Lab with 24 Selected Innovators Including Polygon
The Qatar Financial Centre (QFC), a leading onshore financial and business hub, has officially launched its QFC Digital Assets Lab. This initiative marks a remarkable step in advancing Qatar’s digital ecosystem, with 24 participants selected through a rigorous screening process to join the lab. The chosen innovators, including notable companies such as ALT Realtech, Bladelabs, […]
Revolut Eyes UAE Expansion with Crypto-Focused Strategy: Is Revolut X Next?
British FinTech giant Revolut is set to expand its footprint into Gulf Cooperation Council (GCC) countries, with specific plans to target the United Arab Emirates (UAE) and Saudi Arabia. As Revolut seeks regulatory approval to operate as an electronic-money institution in the UAE, the question arises: How far will Revolut go in expanding its crypto […]
Hyperfusion Teams Up with The Game Company to Revolutionize Gaming in GCC with AI and GPUs
In an exciting development for gamers across the GCC, Hyperfusion, the region’s largest provider of AI computing power, has partnered with The Game Company, a leader in gaming technology. This strategic alliance aims to elevate gaming experiences by harnessing Hyperfusion’s state-of-the-art GPUs and advanced software, alongside The Game Company’s AI-powered gaming platform. Players can now […]
Industry Leaders to Headline Binance Blockchain Week in Dubai, Speaker Line-Up Announced
Binance, the leading blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and users, is gearing up for the highly anticipated sixth edition of Binance Blockchain Week. Taking place in Dubai at the Coca-Cola Arena from 30-31 October, the event will bring together some of the leading industry voices in the global crypto world […]
Dubai AI & Web3 Festival Attracts 6,800 Visitors from over 100 Countries
Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology and Digital Economy, the Dubai AI & Web3 Festival organised by the […]
XBTO Secures In Principle Approval from ADGM to Operate in the UAE
Digital assets management firm XBTO has secured in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to begin operations in the UAE. The firm, which provides digital asset services for institutional investors outside the US, will continue to run its existing offices in Bermuda, London, and Paris, while […]
DMCC Launches AI Centre to Drive AI Adoption in MENA Region
DMCC, the world’s leading free zone and Dubai Government Authority on commodities trade, has launched the DMCC AI Centre, a new innovation platform aimed at accelerating the adoption of artificial intelligence (AI) and developing practical AI applications across the MENA region. During the launch event, attended by over 60 prominent figures, including H.E. Khalfan Belhoul, […]
Standard Chartered Chooses UAE for Launch of Digital Asset Custody Service
Standard Chartered has announced the launch of its highly anticipated digital asset custody service in the UAE. Licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), this service marks a key milestone in the bank’s digital asset strategy. Initially, it will support Bitcoin and Ethereum, the two largest cryptocurrencies […]
Ripple Extends Strategic Partnership with NYU Abu Dhabi to Boost Blockchain Research
Leading provider of digital asset infrastructure, Ripple, has renewed its strategic partnership with NYU Abu Dhabi through its University Blockchain Research Initiative (UBRI). This extension reinforces Ripple’s commitment to advancing blockchain research and supports innovative student initiatives in the region, bringing the total funding for NYU Abu Dhabi’s research projects and student initiatives to over […]
SCA and VARA Introduce New Licensing Rules: A Positive Step for VASPs
In a remarkable move to enhance the UAE’s position as a global leader in virtual assets, the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have entered a pivotal agreement to strengthen the regulatory framework for virtual asset service providers (VASPs) in the UAE. This agreement will establish comprehensive rules and […]