Tag: UAE

The Middle East nation includes metaverse to merge play and prospects with prosperity that lasts, writes Iona Stanley on Gulf News Focus. Sustainability seeks to improve our lives on earth — from the air we breathe and the food we eat, to overcoming the perils of climate change. Meanwhile, the metaverse promises an escape from…

Top 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,…

As Bloomberg reported, many crypto hedge funds operating in the UAE had invested all their client money on FTX, giving them a hard time pulling funds out of the exchange. As a result, UAE officials expressed concerns over the pace of some approvals – that failed to identify meltdowns of FTX and Three Arrows Capital….

The Middle East, where crypto use is growing fastest, offers the starkest contrasts between cryptocurrency’s origins as anti-government money and the growing desire of governments to use the technology to modernize markets and monitor financial activity – writes Ben Schreckinger on POLITICO. At high-powered business gatherings this week, government officials and executives here highlighted their…

Top crypto news from the Middle East region over the last week (Nov. 18 –24, 2022): Abu Dhabi-based crypto firm plans to acquire FTX Crypto trading firm Hayvn based in Abu Dhabi, the UAE considering a bid for collapsed FTX’s payments business FTX Pay, the company said on Friday. Hayvn executives consider FTX Pay as…

Dubai’s crypto industry leaders commented on how the FTX collapse will affect the crypto sector within the UAE. Among them, various professionals gave their perspectives on how Dubai and the UAE’s crypto landscape will be affected by the FTX debacle – from stricter regulations to better projects leading the way. Kokila Alagh, the founder and…