Gulf Crypto Insight: Hot crypto news from the MENA region – October 21

    23 Oct 2022

    Top crypto news from the Middle East region over the last week (Oct. 15–21, 2022):

    GITEX Global was held at the DWTC, UAE

    GITEX GLOBAL (Gulf Information Technology Exhibition) is one of the biggest and a highly influential technology conferences happening since 1981. GITEX 2022 was a five-day event (October 10th-14th) at the Dubai World Trade Centre, UAE. It was attended by 4,000 exhibitors, 1,000 speakers, 1,200 companies, and government agencies with 280 hours of on-stage events.

    Abu Dhabi to host inaugural Middle East Blockchain Awards

    The first edition of the Middle East Blockchain Awards (MEBA) will be held in Abu Dhabi in November 2022, to recognize and reward the efforts within the fields of blockchain and Web3 innovations. As part of Abu Dhabi Finance Week, the event will be held at Palm Garden, W Abu Dhabi – Yas Island on November 18, 2022. Hoko Agency Middle East will host the Awards, in association with Abu Dhabi Global Market’s platform, Abu Dhabi Finance Week; and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).

    Arab Blockchain Week 2022

    Arab Blockchain Week (ABW) is hosting the most influential thought leaders & experts on the blockchain, crypto, NFT, Web 3.0, and the metaverse to explore the market’s effects on governments, banking, gaming, and community development.

    The Arab Meta Summit attracts investors from across Dubai and the METAP regions. And The 2-days event in the Metaverse hosts a wide variety of activities including talks and workshops by top entrepreneurs and experts. The Metaverse exhibition hall will host companies, startups, and project showcases, an occasion to network and find a business opportunity.

    FIFA launches virtual ecosystem in Roblox metaverse ahead of World Cup in Qatar 2022

    The International Football Federation (FIFA) announced the launch of its virtual ecosystem, ‘FIFA World,’ in the Roblox metaverse. It hopes to attract new football fans through games, immersive experiences, and exclusive rewards.

    Blockchain-based platform created by Saudi students places third in National Women’s Coding Competition

    A blockchain-based tender bidding platform that was designed by female university students has been named the third-best entry in a Saudi Arabian women’s coding competition. The competition is said to be part of Princess Nourah bint Abdulrahman University’s broader goal of supporting and empowering women in Saudi Arabia’s technology sector.

    SUID launches a local OTC exchange to buy Bitcoin in Dubai with cash

    UAE-based company SUID has revealed that the residents of the UAE can now buy Bitcoin through their over-the-counter shop. SUID is a local cryptocurrency OTC exchange that allows one-way trade of cryptocurrencies with cash.

    FTX “in talks” to onboard UAE-based institutional investors

    At the end of July, FTX Exchange FZE – a subsidiary of FTX Europe – received Dubai’s first virtual asset service provider MVP license. The exchange also received permission to act as a clearing house, operate an NFT marketplace, and provide custodial services under prescribed parameters.

    Now, the exchange is reportedly tapping institutional investors as part of the company’s strategy for its launch phase in the UAE and the rest of the Middle East region. makes strategic investment in Precog.Finance $3.5 million private round raise

    Dubai-based Web3 venture capital and one of the largest market makers, DWF Labs has announced a strategic investment in the recent private funding round held by Precog.Finance that raised $3.5 million. DWF Labs joins a team of strategic advisors who are unified in strengthening Precog’s ecosystem, focusing on driving the value and utility of the PCOG token, the platform’s native digital asset.

    BITmarkets launching new features

    Dubai-based crypto exchange BITmarkets announces the launch of its new features, including a completely new user-friendly interface followed by an academic section to educate its customers coming from all levels of expertise and adding a new trading feature. The re-designed website provides customers with a more effective and user-friendly interface with the availability of even more payment options.

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