Dubai Customs Launches Innovative Blockchain Platform to Transform Trade Operations
Dubai Customs has introduced a revolutionary blockchain platform designed to enhance the efficiency and transparency of trade operations within Dubai and internationally. This digital network is a major advancement in Dubai’s digital transformation strategy, aiming to improve collaboration between government bodies and the logistics sector. The Government of Dubai Media Office highlights that this initiative […]
GCEX Dubai Appoints Saeed Al Darmaki as Non-Executive Director
GC Exchange FZE (GCEX), part of the GCEX Group, has named Saeed Al Darmaki as Non-Executive Director for the UAE region. Saeed Al Darmaki brings extensive connections and experience in the digital asset industry. He will focus on driving growth for GCEX, which holds an Operational Virtual Asset Service Provider (VASP) license from Dubai’s Virtual […]
CoinDCX Acquires BitOasis: Expanding Influence in MENA’s Crypto Market
CoinDCX, India’s largest crypto exchange, has announced the acquisition of BitOasis. This strategic move follows CoinDCX’s initial investment in BitOasis in August 2023, where CoinDCX initially acquired an 85% ownership stake. Subsequently, CoinDCX has now completed the acquisition, securing full ownership of BitOasis. This groundbreaking alliance marks a transformative milestone for the MENA region. With […]
UAE Real Estate Leader MAG Joins Forces with MANTRA to Tokenize $500 Million in Property Assets
MANTRA has announced on their medium page a strategic partnership with MAG, a prominent UAE developer with a real estate portfolio valued at over US$5 billion. This collaboration aims to transform real estate investment by leveraging blockchain technology, democratizing access to premium Dubai properties. Advancing Real Estate Investment through Blockchain Tokenization This strategic alliance signifies […]
Digital Resilience in Finance: Addressing New Challenges with DORA
The financial sector’s growing reliance on information and communications technology (ICT) exacerbated by the COVID-19 crisis, has underscored the critical need for enhanced digital resilience. This dependency has heightened technological and cyber risks exponentially, a concern addressed by the Digital Operational Resilience Act (DORA), an EU regulation effective from 16 January 2023 and enforceable starting […]
Alex Chehade Leaves Binance FZE in Dubai
The general manager of Binance FZE in Dubai, Alex Chehade, is set to leave the company after a two-year tenure, as per a report by Imogen Lillywhite ,Zawya. Chehade, who joined the virtual assets exchange in June 2022, played a pivotal role in securing Binance’s Dubai Virtual Assets Regulatory Authority (VARA) license in April. He […]
Hashed Ventures Expands to Abu Dhabi’s Growing Crypto Hub
Hashed Ventures, a digital-asset company from Seoul, South Korea, is expanding its operations to Abu Dhabi, aiming to bring more Korean companies into the local crypto ecosystem. Partnership with Hub71 The crypto investment firm has partnered with Hub71, Abu Dhabi’s global tech ecosystem. Hashed Ventures plans to introduce more Korean startups to the UAE, focusing […]
ICP and InvoiceMate Tokenize $220M in Invoices, Pioneering DeFi Transformation
The Internet Computer (ICP) Blockchain, in collaboration with InvoiceMate, has successfully tokenized over $220 million worth of invoices. InvoiceMate, a platform known for invoice tokenization and recognized by Deloitte, has leveraged ICP’s technology to achieve this milestone, highlighting the significant impact of decentralized finance (DeFi) on real-world assets (RWAs). ICP’s decentralized network is renowned for […]
Anthony Scaramucci and Blockchain Founders Fund Invest in TDMM, Setting Stage for $75M Funding Round
TradeDog Market Manager (TDMM) has announced the successful closure of its strategic round of funding, with significant investments from Blockchain Founders Fund (BFF) and Wall Street giant Anthony Scaramucci, Founder of SkyBridge Capital. This strategic round sets the stage for TDMM’s next funding round, aiming to raise $75 million. Institutional-Grade Validation: TDMM’s cutting-edge crypto trading […]
Ripple CEO Brad Garlinghouse: Gensler’s Missteps Could Cost Biden the Election
SEC Chair Gary Gensler faced tough questions on Tuesday, stirring interest within the crypto community. Speaking at the Bloomberg Invest Summit, he provided insights on the current state of the crypto market. “There’s 15 to 20,000 various tokens and they’re offered in investment contracts, schemes that are investment contracts and you look at it. The […]