#Blockchain

Crypto Oasis

Crypto Oasis identifies over 1,800 Web3 organisations in the UAE

More than 8,650 individuals currently contribute to the crypto, blockchain, metaverse and Web3 ecosystem of the country

co-working space

Free co-working space now opens at Jumeirah Beach Residence

Spreading across 10,000 sq ft and with a total capacity of 80 desks, Cypher Hub is specifically designed for Web3 founders and entrepreneurs to collaborate, network and partner

Bitcoin sags after its longest streak of monthly gains since 2021

Bitcoin’s 73 per cent rebound in 2023 from last year’s crypto rout has stalled around the $30,000 level

Bitcoin

Bitcoin extends recent bout of volatility in climb back toward $30,000

The largest token rose as much as 3.7 per cent on Thursday

Knight Dragon’s Sammy Lee

How Knight Dragon plans to revolutionise Saudi Arabia’s real estate landscape

The developer shares the same vision as the authorities in Saudi Arabia and the company plans to open an office in Riyadh in Q4 2023

Wemade

Saudi Arabia partners with South Korea’s Wemade to enhance gaming and blockchain sector

The partnership will focus on various initiatives such as training programmes, educational content, game localisation and sponsorship of regional events

Bitcoin

Bitcoin trading signal hints at an upcoming leap back above $30,000

Bitcoin dropped about 1 per cent to $28,860 as of 10:42am on Thursday in Singapore

Data Analytics

How digital assets are revolutionising financial data analytics

Data analysis can reveal interesting trends that the average investor is unlikely to spot and interpret

Bitcoin

Bitcoin drops about 4%, slips below $30,000 amid crypto selloff

The largest token fell as much as 4.5 per cent on Wednesday

Bitcoin

Bitcoin to extend its 70% surge this year if key charts are right

Bitcoin’s revival has helped the digital-asset market add about $390bn in value in 2023 after a $1.5tn rout last year

ABO Digital

Interview: Amine Nedjai, CEO at ABO Digital

ABO Digital provides innovative and flexible funding solutions that will give blockchain projects access to more options for raising capital

Metapolis

Metapolis’ Sandra Helou on how the metaverse is revolutionising industries

The co-founder and CCO says that the creator economy will see a lot of individuals start to collaborate with brands and their community

Crypto lenders

Crypto lenders morph into miners

With the recent surge in loan defaults and plunge in cryptocurrencies, the value of new generation machines has dropped 85 per cent

DMCC

DMCC, TDeFi to support Web3, blockchain firms

The accelerator programme will offer mentorship and sessions on a range of topics related to crypto and scaling a business

Synthetic Equity

Synthetic Equity: Ushering in a new era of incentives

Synthetic Equity is an attractive alternative to traditional rewards for an outstanding performance

Blockchain solar

Top 5 benefits of investing in blockchain-based solar energy programmes

Blockchain has the potential to spur sustainable development through increased efficiency and reduced environmental impacts

Kraken

Crypto exchange Kraken shuts Abu Dhabi office, lays off 8 employees

The exchange has suspended support for transactions in the UAE’s currency, but clients in the region will still be able to use other products and services

Chainalysis

GIC-backed Chainalysis cuts jobs in latest crypto layoffs

The spokesperson said the cuts are part of a wider reorganisation

Fintech

Fintech 2023: The year of digital transformation

As we look towards 2023, several key trends are set to redefine the fintech space

Crypto Oasis

UAE: Crypto Oasis lists over 1,650 blockchain firms by Q4 2022

More than 8,300 individuals currently work in organisations in the crypto, blockchain, metaverse and Web3 ecosystem of the UAE

Web3

Crypto Oasis, MO:ME:NT partner to enhance Web3 capabilities

This strategic partnership will combine the Crypto Oasis’ talent and capital with MO:ME:NT’s ecosystem approach to the sports and marketing industry

Binance

Binance CEO says customer funds fully backed on crypto exchange

Digital asset platforms are facing a crisis in investor confidence following the collapse of FTX exchange

crypto

Where is crypto headed in the next 5 years?

Crypto is an essential long-term investment and is the building block towards a cashless society

Developer

UAE developer to facilitate property purchases using cryptocurrencies

The developer aims to create new avenues for investors to diversify their investment portfolio via digital assets

tech

Can Dubai’s growing tech affinity propel its real estate sector?

Dubai’s real estate sector has taken massive strides in terms of sales and investment

Bankman

Ex-FTX CEO Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on November 11

Indonesia

Here’s what we know so far about Indonesia’s digital rupiah

Indonesia is setting out its plans for the digital rupiah, a blockchain-based currency, starting with transactions between local banks

SwissBorg

Europe’s cryptocurrency investment app SwissBorg enters the UAE

The application is said to provide a welcoming environment for first-time crypto investors, offering a wide range of services for novice to advanced users

Komainu

Komainu secures MVP licence from Dubai’s Virtual Assets Regulatory Authority

The company can now offer an approved range of virtual asset related services to institutional investors in Dubai

Crypto

ADGM launches Crypto Hub at Abu Dhabi Finance Week 2022

Holding its third day of sessions, the event under the theme of “Crypto Abu Dhabi”, facilitated the assembly of the global crypto, blockchain and decentralised finance entities