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0 CommentsIran’s government is taking steps in preparation for the launch of a new digital currency, referred to as the crypto rial. The monetary authority in Tehran hopes to initiate the project’s pilot phase within the next two months. The authorities of the Islamic Republic are taking the necessary measures to launch a pilot of the…
Сrypto lender Nexo has signed a term sheet with Vauld to explore an all-equity acquisition of the company. Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and India. Before, Vauld paused operations and said it was exploring restructuring options due to “financial challenges.” Struggling crypto lender Vauld has…
The UAE has launched the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s Foundation Day. The launch of the NFT postage stamps made the UAE the only in the MENA region to do so. Emirates Post Group (EPG), a government post office launched the first edition of the modern…
North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a US company, digital investigative firms have concluded. Analysis suggests the hack is the work of the Lazarus Group, the Pyongyang-backed group behind a similar $622 million hack of Axie Infinity. Following hackers recent…
European authorities have reached a milestone deal to regulate the trading of crypto assets in the bloc, to rein in what lawmakers call the “wild west” of financial markets. These standards are designed to protect consumers and increase transparency from companies. EU member states and the European Parliament on July 1 settled the terms of…
Hazam (HZM), the Arabic cryptocurrency project from Bahrain, has signed a strategic partnership with ChicMic, one of India’s leading software development companies, to launch its own metaverse world and Web3-based communication applications. HZM, one of the first Arab cryptocurrencies founded by Bahrainis, partnered with ChicMic to be its technological arm. ChicMic will oversee the completion,…
