dubai
Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform
Dubai’s Department of Economic Development has announced its move to a Unified Business Registry Platform (UBRP). The UBRP is hosted on the innovative Blockchain Platform as a Service (BPaaS) of Dubai Pulse which is a joint initiative of Smart Dubai and du.
Dubai-Based Property Developer Introduces Bitcoin Payment for Home Buyers
Ellington Properties, a Dubai-based developer, has chosen Bitcoin Suisse (BTCS) as its ideal crypto brokerage provider to facilitate Bitcoin payment for its international customers.
Ripple Blockchain Firm to Establish Regional Headquarters in Dubai
Amid the conflict with the SEC over its strict crypto regulatory framework, Ripple has announced that it will set up a regional office in Dubai.
Dubai Economy Gets Powered by UAE KYC Blockchain Platform for Safe Digital Customer Onboarding
The Dubai economy has gone live on the UAE KYC (Know-Your-Customer) blockchain platform making instant bank accounting functionality, secure digital customer onboarding, and sharing of verified data between financial institutions and licensing authorities possible.
R3 Partners with Dubai Fintech Firm to Revolutionize the Sukuk Market
Enterprise software firm R3 recently entered into a strategic partnership with a Dubai-based fintech firm, Wethaq. The partnership aims to bring together a platform for issuing and trading Sukuk securities by utilizing R3 Corda’s blockchain.
Dubai Police to Release Second Bunch of NFTs
The Dubai Police plans to roll out the second collection of NFTs after the first bunch attracted approximately 23 million people globally.
Dubai regulator grants Crypto.com MVP preliminary license
Crypto.com has obtained a minimal viable product (MVP) preparatory license from Dubai's Virtual Asset Regulatory Authority (VARA) to offer spot and derivatives instruments of virtual assets.
UAE Markets Regulator Approves Trading of Canadian-Based Bitcoin Fund on Nasdaq Dubai Stock Exchange
The Dubai Financial Services Authority (DFSA) has cleared the launch and trading of Canadian-based Bitcoin fund on Nasdaq Dubai Stock Exchange as part of the effort to provide investors based in the Middle East access to the cryptocurrency investment services.
TMRW DUBAI ANNOUNCES ITS PROGRAM AND REVEALS MORE SPEAKERS
After last year’s epic premier edition in Belgrade, TMRW conference powered by 2142, the largest emerging tech event, is set to make a sensational debut in Dubai, from February 8th till 10th 2023 at Dubai Festival City.
Morningstar Ventures Invests $5M to Open 37xDubai, a Novel NFT Art Gallery in Central Dubai
Morningstar Ventures, an investment firm specializing in digital assets and blockchain technology, is opening its first interactive digital art gallery in the heart of Dubai. Located in the Burj Daman Tower (DIFC area), ‘37xDubai’ is positioned amidst Dubai’s business and lifestyle center.
Slovenia Makes History as the First Country to Launch an NFT Product
Slovenia is on track to become the first country in the world to launch its first Non-Fungible Token (NFT) series.
Is Dubai the New Rallying Point for Crypto Exchanges?
Dubai comes off as one of the most active influencers among gulf nations, granting licenses to many cryptocurrency exchanges recently.
Crypto Exchange Deribit Moves Headquarters to Dubai after Oobtaining VASP License
Crypto exchange Deribit moves headquarters to Dubai after obtaining a VASP license, expanding crypto trading services in the region.
Binance Gets Business License to Offer Trading Services in Dubai
Binance has continued to make its foray into the global crypto markets. The leading exchange gets a new business license in Dubai, where the company intends to establish a regional headquarter there.
Carrefour Shoppers in the UAE to Get Farm-to-Shelf Information with Blockchain Technology
Carrefour customers in the United Arab Emirates (UAE) will be able to track the origins of the products with blockchain technology.
Dubai Regulator Grants Virtual Asset License to Former Singapore Legislator's Company
The VARA license allows Calvin Cheng- a former Singaporean member of Parliament, for his Web3 company to operate within Dubai’s crypto market.
Dubai Lays Out Metaverse Strategy Plan for 2027
The Emirati City of Dubai has launched its Metaverse Strategy plan for the next five years. It hopes to increase the contributions from the digital currency ecosystem to $4 billion from its current $500 million.
UAE Rolls Out Blockchain-Powered Trade Finance Platform to Fight Fraud
The United Arab Emirates (UAE) has launched a blockchain-enabled trade finance platform dubbed UAE Trade Connect to curb economic crimes like money laundering, under-invoicing, and fraud.
OKX Receives Virtual-asset License in Dubai, Stablecoins Trading Goes Live on OKC Chain
Cryptocurrency platform OKX gets Virtual-asset License from Dubai's authority. The exchange also launched stablecoins trading options for their investors.
Dubai Prince's Hong Kong Office Warned by US SEC, MTR Listed as Untrustworthy
The Hong Kong office of Sheikh Ali Rashed Ali Saeed Al Maktoum, a member of the ruling family in Dubai, has received a warning from the US Securities and Exchange Commission (SEC) regarding their involvement in cryptocurrencies. Additionally, the Hong Kong subway operator, MTR Corporation, has been listed as an untrustworthy company.
Crypto Firm Q9 Capital Wins Dubai's Regulatory Approval for Provisional Virtual Asset
Crypto investment platform Q9 Capital has received regulatory approval for a provisional virtual asset from Dubai's Virtual Asset Regulatory Authority, according to the company's announcement.
Dubai-Based Asset Advisors Enables Clients to Purchase Real Estate with Bitcoin and Ethereum
Purchasing real estate property with cryptocurrencies is becoming more of a reality, especially in Dubai.
FTX Gets Full Approval to Operate Crypto Exchange in Dubai
FTX has received full government approval to expand its services in Dubai. In March, the exchange obtained a partial license to offer its services in the region.
VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai
VARA's "Full Market Product Regulations" comprise four mandatory and activity-specific rulebooks for running VASPs.
Coinsfera Enables Users to Trade USDT in UAE through OTC
Coinsfera, the global OTC digital asset trading platform, announced that it enables users to trade stablecoin USDT in Dubai.
Ex-FTX Execs Launch New Crypto Exchange Backpack
Former FTX executives, Can Sun, are launching Backpack Exchange in Dubai, aiming to raise $100 million for customer fund security and advanced technology.
Crypto Market Expanding in the Middle East, Says HashCash CEO
A paradigm shift is being witnessed in Middle East nations, especially the United Arab Emirates (UAE), because the region’s interests are changing from oil to crypto and metaverse.
PwC Veteran Quits Role to Establish Digital Asset Fund in Dubai
Henri Arslanian, the former Global Head of crypto of PricewaterhouseCoopers (PwC), has launched his own crypto-dedicated venture capital firm, Nine Blocks Capital Management, and has chosen Dubai as the outfit’s base of operation.
Dubai Seeks to Become Hub of Metaverse
Dubai has set the ball rolling to improve people’s lives and render creative solutions by positioning itself as the global capital of Web3 through its new blockchain and metaverse technology.
The UAE's Minister of State for Foreign Trade Thani Al-Zeyoudi
Thani Al-Zeyoudi said crypto will "major" in UAE global commerce. The UAE's international trade minister updated 2023 commercial ties and policies. New restrictions allow a $2.7 million penalties for noncompliance. At the World Economic Forum in Davos, the artificial intelligence and digital economy minister spoke.
Dubai's VARA Appoints Matthew White as CEO
Dubai's VARA is appointing Matthew White as its new CEO, focusing on regulatory compliance in the cryptocurrency space, following a leadership transition.
Solana Foundation Forms Strategic Alliance with DMCC Crypto Centre in Dubai
The strategic partnership between Solana Foundation and DMCC Crypto Centre marks a significant milestone towards fostering a thriving Web3 ecosystem in Dubai. By offering technical and business development support, alongside educational initiatives, this alliance is poised to drive innovation and business scalability, further elevating Dubai's standing as a global hub for blockchain and Web3 technologies.
Dubai Real Estate Developer Damac Properties Accepts Crypto as Payments
Dubai Real Estate Developer Damac announced to welcome tokens by accepting cryptocurrencies payment to purchase real estate properties.
Crypto Fund Firm Fintonia Group Receives Virtual-asset License in Dubai
Singapore-based crypto fund firm Fintonia Group has received a provisional virtual-asset license from the Dubai authority.
Middle East Eyes for Strong Potential Cryptocurrency Market
More Middle East countries are taking a bet on cryptocurrency, despite its high volatility nature, which may beat investors.
Dubai Regulator Establishes Virtual HQ in the Sandbox Metaverse
Dubai is committed to growing the domestic digital asset sector, a local crypto regulator announced on Tuesday that it has created a virtual headquarters in The Sandbox metaverse platform.
Dubai Sees Crypto as Stepping Stone Towards Global Tech Hub
Dubai is reaping the dividends of new tech investments because it has laid the ground for a post-pandemic boom through a business-friendly and low taxes environment.
MetaWeek to Take Place in Dubai on March 7-10, 2022, Shaping the Future Trends for Metaverses and Blockchain
Investors, NFT artists, blockchain brightest minds, DeFi experts and DAO representatives will converge to UAE for a week-long event with a full-scale trailblazing digital and physical networking experience. Community leaders will discuss what will define development of blockchain space and the upcoming realm of Metaverses.
MetaWeek in Dubai to bring together artists, NFT creators, investors, and blockchain Masterminds
A week-long event, set for March 7-10, 2022, will cover how paradigm-shifting technologies revolutionize and scale in industries like finance, art, cybersecurity, media and investment.
DWF Labs Co-founder Andrei Grachev Announces Financial Partnership with DMCC
Andrei Grachev, co-founder of DWF Labs, announced a financial partnership with DMCC, supporting firms transitioning to Dubai DMCC. This announcement, juxtaposed with Grachev’s recent Twitter feud with GSR.io's Cristian Gil, highlights the competitive and cooperative facets of the crypto market landscape, and the challenges and opportunities DWF Labs encounters in its journey.
Dubai Police Releases Free NFTs to Enhance Authority
As part of a campaign to showcase security, innovation, and communication values, the Dubai Police has rolled out a set of non-fungible tokens (NFTs) comprising 150 free digital assets.
Blockchain.com Gets Regulatory Approval to Operate Crypto Exchange in Dubai
London-based crypto firm Blockchain.com announced Friday that it has received regulatory approval to operate its exchange in Dubai, a city in the United Arab Emirates (UAE).
Crypto Exchange Huobi Receives Virtual-asset License in Dubai
Cryptocurrency exchange Huobi has received provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA), joining other competitors to expand footprints in the gulf nation.
Dubai’s Blockchain Market to Surpass $118 Million by 2025
Smart Dubai, a government entity established in 2013 to make Dubai a smart city, has revealed that the application of blockchain technologies in the city will increase to Dh437 million, around $118M USD, by 2025 from Dh 35 million, approximately $95M USD, recorded in 2018
Mashreq Bank and DIFC Launch First KYC Blockchain Platform in UAE
Dubai International Financial Centre (DIFC) and Mashreq Bank announced the launch of the region’s first blockchain data-sharing platform which went live on March 1.
Dubai’s Free Zone to Bridge the UAE-India Agriculture Trade Gap with Blockchain
Dubai Multi Commodities Centre has established a blockchain agriculture trading and sourcing platform to link India's rural farmers with the UAE food sector.
UAE Health Authorities Launch Blockchain-Based Platform for Verifying Health Data Validity and Reliability
The United Arab Emirates (UAE) Ministry of Health and Prevention (MoHAP), the Ministry of Presidential Affairs, Dubai Healthcare City and other authorities have come together to launch a blockchain-based system for health data storage.
Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone
Following a memorandum of understanding (MoU) between the Dubai Multi-Commodities Centre (DMCC) Free Zone and the Securities and Commodities Authority (SCA), crypto businesses have been granted the liberty to operate in DMCC once registered licenses are granted.
UAE Leverages Blockchain, Robotics and 3D Printing to Flatten Coronavirus Curve
The United Arab Emirates (UAE), through in5, a startup incubator for nurturing businesses and ideas, is deploying blockchain, robotics, and 3D printing technologies to instigate the wellbeing and safety of its citizens amid the coronavirus (COVID-19) pandemic.
Bitcoin Network Transacts a Whopping $8.9 Billion in a Single Hour
The Bitcoin network has reached an unprecedented level in terms of chain volume as it transacted 8.9 billion in one hour. Rafael Schultze-Kraft, Glassnode’s co-founder, ascertained that this movement made history because it was the highest hourly volume of Bitcoin to be recorded in its 11-year existence.