In an exclusive breaking story sent to us by a source inside a Middle East anti-financial crime institution, it is alleged the Iranians behind Bridge Oracle and the BRG token which is a company setup in Malaysia but Iranian owned may be violating US trade sanctions, allowing Americans to...
Getting on board with the trends, Dubai's private entities have dispatched their own digital currency called DubaiCoin (DBIX). In view of a public blockchain, the crypto is exchanging on a select number of trades. Public blockchain will permit individuals to create their own DubaiCoin by mining them. The cost...
There are a continuous barrage of DeFi projects sprouting from UAE. We have selected 5 which we think are of interest.
ZPAYae
ZPAYae, which is leading the way in DeFi. The platform is decentralized and simpler to store, exchange, or use assets such as cryptocurrencies. ZPAYae enables you to pass AED...
Central Bank of Iran’s Shaparak announced on Wednesday all websites and payment processing application should ban all trade, selling and buying of all cryptocurrencies including Bitcoin with immediate effect. This news was published after National Virtual Space Center announcement that cryptocurrency trading firms are illegal and have no valid...
Aramco, the popular lead oil company from Saudi is investing some serious money with a goal to become the lead digitalized energy company in the world. They’re focused on leveraging and improving innovative technologies to help them increase their efficiency, sustainability, and safety.
Aramco is aimed at using blockchain to...
Sina Estavi, the Iranian CEO of BRG token and cryptoland exchange was arrested today by the Iranian authorities, branded as scam ponzi scheme by the countries semi official news agency Mehr News. Despite main stream media's insistence Sina Estavi is a Malaysian businessman, he is indeed Iranian born and...
Abu Dhabi, UAE – The Abu Dhabi Securities Exchange (ADX) is set to make history with the listing of the Middle East and North Africa's (MENA) first distributed ledger technology (DLT)-based digitally native bond. This landmark move follows the commencement of the pricing stage for the instrument, issued by...
Pravica, the Cairo-based blockchain startup that they’ve successfully managed to raise an undisclosed direct investment from the leading Swiss venture capital firm and incubator which are popular for specializing in global blockchain business investments, Crypto Valley Venture Capital (CV VC).
Pravica has been providing blockchain technology to offer better online...
The recent high-profile partnership between the Dubai Department of Finance (DOF) and cryptocurrency exchange Crypto.com, touted as a significant leap towards Dubai's "Cashless Strategy," is raising eyebrows among financial experts and consumer advocates. While Dubai champions itself as a global hub for financial innovation, the decision to entrust a...
A new ~$2.7 billion partnership between Donald Trump's media empire, Trump Media & Technology Group (TMTG), and cryptocurrency giant Crypto.com, spearheaded by its controversial CEO Kris Marszalek, is igniting a firestorm of criticism from financial watchdogs. Concerns are mounting over Marszalek's checkered business history and the potential for serious...
