Announcements

iBLOXX Proprietary Trading DMCC, a fintech trading firm based in Dubai, announced last week that they had been granted the License for Proprietary Trading in Crypto Commodities by Dubai Multi Commodities Center. iBLOXX designs AI and Machine Learning algorithms to manage active trading models for various instruments across traditional and crypto commodity markets. “This license…

ColossalBit, Dubai’s crypto consulting, advisory, design, and development company, launches MetaTerrace, a lounge restaurant in the Central Park Towers, Dubai International Financial Centre (DIFC). MetaTerrace is a unique establishment, which is mixing the digital and physical worlds, portraying the principle of the metaverse. Gulf Digital News announced that the launch of the ultra-modern space at…

Bezoge, the community-run, decentralized coin boasting its own play-to-earn GameFi metaverse, sponsored the 12th edition of the Dubai Globe Soccer Awards, the premier football event celebrating the world-leading soccer stars, on December 27. Held annually in Dubai with a TV audience estimated at over 500 million, the Globe Soccer Awards bestow champion footballing heroes heralded…

World’s leading crypto exchange Binance has received “in-principle” approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain. If the Bahrain application is approved, it will be Binance’s first regulatory approval in the Middle East and North Africa region. According to a press release,…

World’s biggest crypto exchange, Binance appointed Richard Teng, who joined Binance Singapore as its chief executive officer four months ago, on a new role as the global entity’s head for the Middle East and North Africa. According to his LinkedIn profile, Teng was a director for corporate finance at the MAS before. Richard Teng, who…

On Tuesday, crypto exchange Binance signed a cooperation deal with Dubai World Trade Centre Authority (DWTCA), working on setting up an international virtual asset ecosystem. This government-backed Dubai project aims to set up an attractive environment for the crypto industry. As Reuters reported, The Dubai World Trade Centre (DWTC) said on Monday that it will…