It's been recently announced in Morocco that cryptocurrencies are restricted. But that didn't stop the soaring of purchases of shared bitcoin exchanging platform LocalBitcoins. Ironically, they are actually announcing record-breaking exchanging highs this year despite the bans on cryptocurrency.
Back in February this year, was the best month for this...
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...
The cryptocurrency market is buzzing after the unexpected announcement that the upcoming Truth Social ETF will allocate a surprising 5% of its holdings to Crypto.com's CRO token, dwarfing its 2% allocation to XRP. This bold move comes with a direct endorsement from Donald Trump, who reportedly stated, "I like...
When it comes to the blockchain adoption in the Middle East & North Africa region, Turkey is one of the undisputed leaders. The welcoming legal climate, attractive tax approach to crypto assets, as well as the heavy government involvement in blockchain technology make the Turkish crypto market one of...
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...
Iran announced yesterday it would ban all cryptocurrency mining for a period of 4 months to bring order in a fragile electric grid during peaks of summer heat causing hours of blackouts all over the country. This ban will be in effect until 22 September 2021.
2GW of electricity was...
The UAE minister of economy said at a panel for the World Economic Forum’s Global Technology Governance Summit that utilizing cryptocurrency along with asset tokenization will be the key to double up the country’s economy. The future economy of the country in 10 years is estimated to be the...
The Dubai Land Department (DLD) has launched a real estate tokenization pilot program, becoming the first property registration authority in the Middle East to use blockchain technology for property title deeds.
What is Real Estate Tokenization?
Real estate tokenization involves converting property assets into digital tokens that can be bought, sold,...
The DFSA or the Dubai Financial Services Authority is putting on extra efforts to provide more standardized framework solutions for their regulations toward cryptocurrency. Dubai’s financial regulators have already called on members of the public on 5th April to submit their comments on the proposed regulatory changes for cryptocurrency.
The...
The KSA based blockchain startup IR4LAB has managed to raise about $1.5M in an investment fund round. The round was led by Wa’ed which is the entrepreneurship arm of Aramco. IR4LAB was founded back in 2017 and they’ve been offering access to corporations to root out resumes and professional...
