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...
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...
With the exponential growth of cryptocurrencies in MENA, both industry heavyweights Binance and Kraken have gained virtual asset trading licenses for the MENA region via Abu Dhabi Global Market (ADGM) allowing both trading firms license to operate as broker-dealer of virtual assets in the region.
Binance has big plans for...
For most people interested in Bitcoin and other digital assets, Iran remains a very exotic country. The situation of Iranian blockchain enthusiasts is mostly unknown to the general public in foreign countries. But people who would think that Bitcoin is not popular in Iran would be greatly mistaken -...
Crypto-assets, as well as blockchain, have seen a massive boost in popularity over the last 10 years. Owing to the decentralized characteristics of blockchain, the payments and delivery industries have changed significantly. In the MENA region, crypto-assets are now a powerful force, allowing both institutions and individuals alike to change...
BitOasis, the popular Dubai-based crypto exchange platform has managed to raise about $30M in a Series B funding round. The funding round was co-led by the Middle East region’s leading startup ecosystem enabler Wamda and US-based VC Jump Capital. The funding round was also joined by several new investors....
The Dubai Multi Commodities Center (DMCC), the world's lead-Free Zone and Government of Dubai's clout on product exchange and undertaking reported the dispatch of the DMCC Crypto Center. The middle ground of this is a far-reaching environment for organizations working in the cryptographic and blockchain areas. Situated in the...
Egypt-based fintech and online payment solution provider Sympl that they have managed to raise their first funds from local VC which has a regional focus of A15 and that’s not all. By raising this first fund, this particular investment has managed to mark the platform launcher for the fintech,...
Over the past few years, the Middle East has become one of the global hubs of cryptocurrency adoption. Some countries in the Gulf Area have taken a strong stance in promoting the use of digital assets and blockchain innovation. However, not all governments in the region are equally welcoming...
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...
