CoinMENA and Beyon Money launch cashback for crypto deposits

    Beyon Money cardholders in Bahrain now will earn 3% to 5% cashback for using their cards to deposit into their crypto wallets on CoinMENA. CoinMENA and Beyon Money’s partnership will further solidify Bahrain’s position as a leading crypto hub in the Middle East. CoinMENA has partnered with Beyon Money, a financial service app powered by…

    This year cryptocurrency will come of age in the Middle East

    Areije Al Shakar, the senior vice president at Bahrain Development Bank & director at Al Waha Venture Capital Fund of Funds, revealed her thoughts on Wamda. Banks and financial regulators in the Middle East have been slower to embrace cryptocurrency than Europe and the US. Before the pandemic, the Middle East’s crypto market was still…

    FTX and Binance get approval for a crypto license in Dubai

    Popular crypto exchanges FTX and Binance have received new licenses to operate in Dubai and Bahrain. Crypto giants are setting up the stage for a major push in the Middle East. FTX’s European and Middle East affiliate (FTX Europe & MENA) announced Tuesday it had been licensed to establish and operate Virtual Asset Exchange and…

    The NFT MENA Exhibit 2022 to bring blockchain-based art to Bahrain

    The NFT MENA Exhibit 2022, the first-ever art fair in the Middle East highlighting how artists can use blockchain-based NFT technology in their work, is set to take place in the kingdom next month, ahead of the Bahrain Gulf Air Grand Prix. The fair will take place from March 16 to 18 at the Ritz-Carlton…

    Bahrain’s crypto exchange CoinMENA obtains EU license

    Bahrain-based crypto exchange CoinMENA has obtained a cryptocurrency license from the European Union. As a result, CoinMENA will now be able to expand to new jurisdictions in the MENA region and beyond, as well as increase the number of crypto assets and crypto financial services on the platform. Launched in 2021 by Dina Sam’an, Talal…

    Bahrain’s crypto platform Rain raises $110 million in the latest funding round

    Based in Bahrain, crypto exchange platform Rain has raised $110 million in a Series B funding round, led by global venture capital investors, including Kleiner Perkins, Coinbase Ventures, and Paradigm. According to the statement issued by Rain, other investors participated in its latest funding round, including Global Founders Capital, MEVP, Cadenza Ventures, and CMT Digital….