Yesterday was marked the official launch of the Web3 Alliance of Saudi Arabia (WASA), a groundbreaking initiative uniting key leaders in blockchain technology and digital innovation to drive the adoption of Web3 technologies in alignment with Saudi Arabia’s Vision 2030, fostering economic diversification and technological advancement across the Kingdom. Founded by global Web3 pioneers The […]
Abu Dhabi, UAE – Phoenix Group PLC (ADX:PHX), ADX-listed technology leader, today announced a remarkable 236% year-over-year (YoY) surge in revenue for FY 2024, solidifying its position as a driving force in the global digital asset ecosystem. The company’s mining revenue reached $107 million in 2024, a significant leap from $32 million in 2023 and $5.4 million in 2022. This […]
Manama, Bahrain: Qareeb Data Centres, the Middle East’s first edge data centre provider, and Pantheon, a full-service global Bitcoin mining service provider, announced today they have signed a Memorandum of Understanding (MoU). This MOU sets out a strategic partnership between Pantheon and Qareeb to cover the rollout of Pantheon Bitcoin mining data centres across the Middle East region. […]
Istanbul, Turkey – Aktif Bank’s subsidiary, Aktif Ventures, has announced a strategic partnership with digital asset infrastructure provider Fuze. Through this collaboration, Aktif Ventures has integrated Fuze’s crypto trading, custody, and OTC services into its API marketplace, Apilion. As part of its mission to foster fintech innovation, Aktif Ventures has expanded its product portfolio with […]
Ras Al Khaimah, UAE – RAK Digital Assets Oasis (RAK DAO), the UAE’s leading Free Zone for digital assets companies, has announced the launch of its inaugural accelerator program, ‘Builder’s Oasis.’ With a funding pool of $2 million, this program is designed to support Web3 startups in the gaming, AI, and blockchain infrastructure sectors. The program aims to attract […]
Abu Dhabi, UAE: Klickl, the UAE-based Web3 financial platform, has announced a collaboration with IMKAN Properties, a leading global real estate master developer based in Abu Dhabi, to facilitate property purchases through cryptocurrency. This collaboration is set to revolutionize real estate transactions by introducing an innovative financial model that will elevate the home-buying experience for regional […]
AMMAN — The Cabinet on Sunday approved a plan to develop a comprehensive legal framework to regulate virtual and digital assets, aiming to establish clear governance mechanisms for this rapidly growing sector within a year. The decision, taken during a Cabinet meeting chaired by Prime Minister JaafarHassan, aligns with the Future Technology Council’s programmes, which were initiated under Royal directives […]
DP World is collaborating with leading financial institutions and technology providers to tackle inefficiencies in cross-border payment systems that have long hindered global commerce. The company aims to address critical challenges faced by customers in emerging markets, particularly in Asia and Africa, where businesses often struggle with slow settlement times, limited access to finance, and […]
Dubai, UAE—23 January 2025—DKK Digital FZE, based in the Dubai World Trade Centre, as a subsidiary of DKK, has successfully secured an in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA). This is an important milestone in DKK’s journey to becoming a regulated Virtual Asset Service Provider (VASP) in the UAE. Founded in England, DKK Partners […]
London – Bitcoin soared to a record high of $109,241 on Monday as anticipation grew over Donald Trump’s impending inauguration as the next U.S. president. The cryptocurrency briefly surged past the historic milestone before settling at around $107,500. The world’s largest cryptocurrency has been on a remarkable rally since Trump’s victory in November’s presidential election, […]