Announcements

Prestigious auction house Sotheby’s has announced the company will be selling Banksy works for real-time bids in Ethereum (ETH) at an auction on November 18. The famed auction house claims it will be the first to accept crypto for a real-time auction of physical art — but other auction houses are not far behind. On…

The Middle East has established itself as a global hub for crypto innovation due to laws crafted by UAE regulators who recognize that the world is increasingly adopting cryptocurrencies and blockchain technology. Entrepreneur Ali Bader, the owner of Sky Investments, revolutionizes the UAE real estate industry, enabling investors to buy a property with crypto. In…

Slow invoicing processes causing cash flow problems are concerning businesses. To resolve these delays, Creative Zone, the large business-advisory company in the UAE that has served over 45,000 entrepreneurs, chose crypto invoicing through TripleA, realizing the benefits of the decentralized currency. TripleA’s crypto invoicing tool bridges the gap between companies who accept crypto and customers…

Famous crypto expert Michael Saylor, the Co-Founder, Chairman, and CEO of MicroStrategy, the world’s largest holder of Bitcoin, will give November 18 an exclusive interview at the upcoming Dubai Precious Metals Conference (DPMC). The session entitled ‘Gold versus Bitcoin: competition or coexistence?’ will also observe how blockchain technologies are set to enhance the market structure…

Headquartered in Bahrain, fiat-to-crypto exchange CoinMENA has secured $9.5M in seed funding from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, Rua Growth Fund, FTX investment arm Alameda Research and Girnas Capital. CoinMENA will use funds in a move to further dominate the crypto market in the MENA region. Launched in early 2021 by…

Phoenix Technology Consultants LLC, a tech firm based in the UAE, has ordered crypto mining rigs for $650 million. This one of the largest purchases on record was revealed on Tuesday by Phoenix Tech CEO Munaf Ali at the World Digital Mining Summit (WDMS) in Dubai. The brand new generation machines delivery will start in…