Announcements

Dragonfly, the crypto investment firm led by Haseeb Qureshi and Tom Schmidt, unveiled a new fund backed by $650 million in commitments. Among backers are Tiger Global and KKR as well as multiple unnamed university endowments. Dragonfly’s new fund was announced amid a flurry of new investment fund launches across the industry. Some of these…

Standard Chartered, one of the biggest banks in the UK, announced on Monday it had partnered with The Sandbox to develop a Metaverse for its banking clients and supporters. The virtual land grab will allow the bank to engage clients and fans in a creative environment. Standard Chartered Bank has become the latest major bank…

The 22nd global edition of the World Blockchain Summit (WBS) in Dubai saw a lot of the top speakers, including Frederik Gregaard, Faryar Shirzad, Alex Mashinsky, Furqan Rassul, and many more. Held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, a member of the ruling family of Dubai, the summit hosted more…

Crypto exchange Bybit has launched credit and debit card payments, allowing its users to buy crypto directly with their credit or debit cards using fiat currencies. According to a press release, the service will make buying crypto as simple as making any purchase, such as books and clothes, online. Users can simply enter their details,…

Venture capital giant Andreessen Horowitz (a16z) is launching a new technological research lab to focus on innovation and problem solving as the world of crypto and blockchain expands and matures. The new team of a16z Crypto Research is staffed with academics aiming to provide deeper insights for the firm’s portfolio companies. In a new press…

SHAREit Group, a global technology company, presented its ability to connect numerous users in the Middle East. The platform drives around two million new users to various crypto apps each month. At the recent Crypto Dubai Expo, SHAREit Director of Global Partnerships Lisa Dominguez, in a keynote speech, shared that the UAE, Egypt, and Saudi…