Tag: UAE

Dubai Multi Commodities Centre (DMCC) has revealed crypto and blockchain firms constituted 16% of the 655 new company registrations that were recorded in Q1 of 2022. The surge in crypto-related registrations also coincided with a quarterly period in which the DMCC is reported to have recorded its highest quarterly performance since inception. One of the…

Mani Thawani, a Spanish entrepreneur, aims to lead the mass crypto adoption movement in Dubai. His company Blockmatica now oversees five crypto-related businesses, including the TV reality show ‘Block Talent’ and a metaverse project. As Khaleej Times reported, Thawani’s holding company Blockmatica Group has already executed exciting projects, such as ‘Block Talent,’ a funding incubator…

For the near future, financial executives can expect substantial ambiguity surrounding all things DeFi, which they can best confront with an open mind, a level head, and a willingness to roll up their sleeves and get involved, Jorge Camarate, Antoine Khadige, and Vishal Gupta, Senior Associate, from Strategy& wrote on Arabian Business. Financial service companies…

UAE-based global digital asset gateway Fasset has announced its expansion to the European Union market after securing authorization for crypto operations in the EU. The startup aims to strengthen its global outreach to serve the growing digital asset sector in the EU market. Recently, Fasset separately secured three full authorizations from the Labuan Financial Services…

Emirates revealed its plans to expand the airline’s use of the metaverse and launch NFTs to increase revenue and improve customer service. The NFTs are designed to be both collectible and utility-based, and the first projects are already underway, with launch anticipated in the coming months, it said in a statement on Thursday. Emirates added…

Dubai-based fintech company Evai has been recognized as one of the top-performing blockchain projects globally, according to the new CV VC Global Report 2022. A new report reveals 700% year-on-year growth as investments in the blockchain sector surge. The report, issued by Crypto Valley Venture Capital, based in Zug, Switzerland provides an overall synopsis of…