Crypto Careers on the Rise: Seizing Opportunities in the Digital Asset Boom
The crypto job market is undergoing an unprecedented boom, driven by increasing investment, mainstream adoption, and a growing institutional interest in digital assets. As the industry evolves, the demand for skilled professionals, especially in product and marketing roles, is rising, highlighting both opportunities and significant challenges. The Surge in Demand for Crypto Jobs The rapid […]
OmegaPro Co-Founder Arrested in Turkey Over $4 Billion Crypto Scam
Andreas Szakacs, a co-founder of the cryptocurrency platform OmegaPro, was arrested in Turkey last month, accused of participating in a $4 billion Ponzi scheme, according to Turkish media reports on August 22. Szakacs, a Swedish citizen who later became a Turkish national and changed his name to Emre Avci, has denied the allegations, asserting that […]
Tether’s New AED-Pegged Stablecoin: A Game-Changer for the UAE and Beyond — An Exclusive Interview with CEO Paolo Ardoino
Tether, a dominant player in the stablecoin market, has announced a groundbreaking partnership with Phoenix Group PLC to launch a Dirham (AED)-pegged stablecoin in the UAE. Paolo Ardoino, CEO of Tether, sat down with Unlock Blockchain to discuss this collaboration and the potential impact of the new stablecoin on the global economy, especially in emerging […]
Phoenix Group and Tether to Launch UAE Dirham-Pegged Stablecoin
UAE’s multi-billion dollar tech conglomerate, Phoenix Group PLC, listed on the Abu Dhabi Securities Exchange (ADX), announced its collaboration with Tether, the largest company in the digital asset industry, with plans to launch a stablecoin pegged to the United Arab Emirates Dirham. This collaboration between Phoenix Group and Tether is supported by Green Acorn Investments […]
Major Growth in Blockchain and Crypto Jobs within UAE’s Fintech Sector, ADGM Report Shows
The digital transformation of the financial sector is rapidly reshaping how we interact with money, and at the forefront of this change is the rise of fintech. Short for ‘financial technology,’ fintech is revolutionizing the design and delivery of financial services, with innovations like digital wallets and cryptocurrencies leading the charge. The fintech sector is […]
Adaverse Invests $500,000 in Saudi Loyalty Platform Mithu
Adaverse, a prominent Web3 venture builder, has announced a substantial $500,000 pre-seed investment in Mithu, an innovative loyalty platform designed to streamline customer engagement for restaurants and cafes across Saudi Arabia. Mithu addresses a significant challenge in the loyalty program market. With countless loyalty programs in place, customers often struggle to manage their rewards effectively, […]
RAKBANK Partners with Bitpanda to Advance Digital Asset Management in UAE
The National Bank of Ras Al Khaimah (RAKBANK), a prominent UAE bank known for its leadership in digital assets, has announced a strategic partnership with Bitpanda Technology Solutions, which is renowned for its scalable digital asset infrastructure. This collaboration aims to introduce a robust platform that will enable UAE residents to manage digital assets seamlessly. […]
Turkey’s Crypto Licensing Boom: Coinbase and KuCoin Join 76 Exchanges
The updated list of companies now includes Coinbase, KuCoin, and Gate.io, with the total number of organizations increasing from 47 to 76. Last week, the initial list featured major exchanges like Binance, Bitfinex and OKX. This development follows Turkey’s recent efforts to provide more regulatory clarity for crypto exchanges and other service providers, a move […]
Dubai Court Upholds Cryptocurrency Salaries in Landmark Ruling
In a landmark decision, the Dubai Court of First Instance has made a significant ruling on the payment of salaries in cryptocurrency. This ruling as reported by Lexology , made in 2024, marks a pivotal shift in the UAE’s judicial approach to digital currencies in employment contracts. It sets a new precedent by recognizing the […]
False Reports: India-UAE Oil Deal Not Settled with XRP
Recently, several media outlets announced that India and the UAE had settled an oil transaction using XRP. However, after contacting Ripple executives, it was confirmed that these reports are inaccurate. An investigation by The Crypto Basic revealed that the oil deal between the two countries was conducted using their local currencies, not XRP. Clarification of […]