Announcements

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…

Ripple has announced that it would be partnering with international fintech company Pyypl to deploy the first-in-market On-Demand Liquidity (ODL) services in the Middle East using XRP. While the SEC’s lawsuit against Ripple Labs is confirmed to stretch to 2022, the San Francisco-based blockchain company seems to look overseas more eagerly. Ripple is now intensively…

Phemex took part in the 19th global World Blockchain Summit in Dubai, UAE. Jack Tao, Phemex CEO, speaking at the event, emphasized the growing importance of Metaverse in the blockchain industry. During the World Blockchain Summit in Dubai, Phemex CEO Jack Tao gave a presentation, explaining how his crypto exchange platform supports Metaverse development in…