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0 CommentsTop crypto news from the Middle East region over the last week (Nov. 25 – Dec. 1, 2022):
OasisX: The Middle East going through a digital renaissance
OasisX, the nascent curated multichain non-fungible token marketplace, aims to drive the adoption of NFTs in the MENA region and embrace Web3 in several ways integrating NFTs, blockchain, and cryptocurrencies within its platform. As crypto collapses in the US, Web3 startups in the Middle East are going through a digital renaissance, Jimi Ibrahim, one of the co-founders of OasisX, told Arab News.
Saudi British Bank partners with Cybersource to accelerate eCommerce growth
Saudi British Bank (SABB) announced on Nov. 28 it has inked a strategic partnership with Cybersource to foster the bank’s growth in the eCommerce space, according to a press release. Cybersource is a Visa company that provides a range of online and in-person payment services. The new partnership will enhance the capabilities of SABB’s payment gateway and improve network uptime, the bank said.
Visa brought NFTs to the 2022 FIFA World Cup
The 2022 FIFA World Cup in Qatar is the first World Cup featuring NFTs, with payments giant Visa partnering with Crypto.com to bring user-generated digital collectibles to the popular sporting event. From now until December 18, global soccer fans visiting the FIFA Fan Festival will be able to see Visa’s “Masters of Movement” experience, where they can jump on top of an LED soccer pitch and draw their own NFT designs with their feet. The resulting design will be emailed to them as a digital souvenir.
The CoinW FIFA World Cup Qatar Twitter space: The interaction of cryptocurrency with sports
The crypto exchange CoinW hosted a Twitter space discussion amidst the 2022 Qatar World Cup in full swing. In the meantime, co-hosted with the well-known blockchain media, ChainDD, and the speakers including the crypto veteran Xu Zhihong, the CoinW Brand Manager DeFi Professor, the founder of Galaxy Media Sister Maomao, OG Builder of dexfilter.com Lin Wuxian, and other industry leaders such as Web3-native zhzhzh.eth, Qatar local expert, Linzi, Twitter crypto participant @vvan688, and CoinW contract analyst, Crypto Wuya, engaged in an in-depth discussion and discourse on topics surrounding cryptocurrency and sports events.
FWC token is now available on CEXs and DEXs
Football World Community (FWC) fans can now buy the token through a number of different centralized and decentralized exchanges including but not limited to BitForex, PancakeSwap, Hotbit, BitMart, and more. The team also recently announced that users have the option of exchanging FWC for BNB or in any of the compatible CEX/DEX platforms. FWC is also the native token of the QATAR 2022 TOKEN project.
Since its launch in February 2022, the FWC token is focused on introducing the global soccer and crypto communities to each other.
Lusail token for the Qatar World Cup 2022
LUSAIL, a meme project built on the Binance Smart Chain, was created for football fans around the world and to celebrate the Qatar World Cup 2022. Lusail token is a digital asset that allows people to create their own digital currencies. The founders of the Lusail token are planning on releasing NFT art, which is similar to printed football or baseball cards. Those who invest or partake in the project are incentivized by having the option to win a free vacation to Qatar, including usage of a presidential suite in one of the 11 luxury hotels surrounding the stadium, as well as box tickets to the World Cup final to be held in the city of Lusail.
World Cup scams: Fake crypto cards and coins targeting football fans
Cybercriminals are targeting World Cup fans through unauthorized Hayya Cards and FIFA-themed crypto tokens and coins, cybersecurity researchers told Al Arabiya English.
CloudSEK researchers told Al Arabiya English that the top three cyber threats observed during the World Cup were “hacktivists targeting Qatar-based organizations, FIFA sponsors and other FIFA-related entities,” an “increase in threat actors offering FIFA-themed crypto tokens and coins to defraud enthusiastic fans,” and the “unauthorized” sale of Hayya cards.
Crypto exchange listing of new utility token can help shape future of nickel
The launch of a new utility token in Dubai next week will create a community that can help shape the future of nickel and capitalize on its growing importance in the global economy.
The new Nikel token is the first initiative from NewTek in its mission to open one of the biggest asset classes to the masses by building blockchain-enabled commodity businesses.
On 6 December, the utility token will be listed on the EU-based centralized exchange, Digital Financial Exchange (DIFX), and on Coinstore, the centralized cryptocurrency exchange registered in Singapore. This will give the Nikel token immediate exposure to more than 1.8 million registered users in 175 countries.
Experience the Blockchain – Powered future of finance, smart cities, and the creator economy at Decipher, 28th-30th November in Dubai
The Algorand Foundation held its second annual Decipher conference, featuring leading thinkers, builders, and founders from across the blockchain landscape, to be hosted at Madinat Jumeirah Conference & Events Centre in Dubai, UAE, from November 28-30, 2022.
Now in its 2nd year, Decipher is a leading annual conference on blockchain and Web3 use cases. Decipher will present its 2022 edition in Dubai, UAE, and feature top industry voices from FTX, SkyBridge Capital, Envision Racing, Napster, Binance, Sino Global Capital, LimeWire, and more.
AUB warns against dealing in crypto-assets, citing a ‘lack of security’
As part of its support for the second edition of the financial and banking awareness campaign “Let’s Be Aware”, Ahli United Bank (AUB) warns on Nov. 28 against dealing in crypto-assets, including Bitcoin, Ethereum, Dogecoin, etc., especially that these currencies are untraceable and are “not real,” which make them pose a danger to their traders because they are not subject to regulation or supervision by any authority.
The Qatar 2022 Ecosystem launches mining pools for QAT, USDT, BUSD, ETH, USDC, DOGE, and BNB
The Qatar 2022 Ecosystem platform is starting to offer users participation in the mining of various coins, from the utility token of this QAT platform to stablecoins. In the pre-launch stage, investors can reserve a place in one of the presented mining pools: QAT, USDT, BUSD, ETH, USDC, DOGE, and BNB to get special provisions with increased APR by contrast with the others who will plow into miners after listing.
Visitors now can exchange crypto in Dubai for cash at SBID
Visitors can now sell Bitcoin in Dubai thanks to the innovative services offered by SBID. With the launch of this service, consumers will be able to sell Bitcoin (BTC) for cash. SBID, a reputable crypto OTC in Dubai, wishes to expand its crypto exposure in the city.
UK charity to help Pakistan flood victims with cryptocurrency fundraising
UK-based humanitarian charity Penny Appeal has announced that it would take part in Crypto Giving Tuesday, the biggest day for cryptocurrency generosity, to raise digital donations for its efforts to support the victims of Pakistan’s floods. Devastating floods since June have killed more than 1,700 people, displaced 7.9 million, and inflicted over $40 billion of dollars of damage.
Crypto exchange Kraken settles case with US Treasury over serving customers in Iran
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a settlement with crypto exchange Kraken over serving customers in Iran, OFAC said in a statement on Nov. 28. Kraken has agreed to pay $362,159 to settle its potential liability for violating US sanctions. The exchange also agreed to invest $100,000 in implementing additional sanctions compliance controls.
