UAE Venom invests $5 million in Everscale to scale the blockchain
UAE based Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has invested $5 million...
Details
Bahrain EazyPay and Binance follow CoinMENA’s lead offering crypto payments in real estate
Bahrain real estate developer Bin Faqeeh Real estate Investment Company announced that clients can buy apartments or houses using cryptocurrencies. Bin Faqeeh will be offering crypto payment...
Details
US Marathon Digital Holdings to jointly build $406 million crypto mining facility in UAE
In an SEC Filing dated January 27th 2022, USA based Marathon digital Holdings, a digital asset mining entity, announced that it had entered into a shareholder’s agreement with...
Details
US based Tykhe Block Ventures to allocate $10 million USD to Blockchain start-ups in MENA
US based Tykhe Block Ventures which recently raises $30 million for its Blockchain growth fund is allocating $10 million of that to Blockchain and Web3...
Details
50 percent of MENA VCs surveyed to increase investments in blockchain and crypto projects in 2023
In a recent survey entitled “MENA Investor Survey 2022-2023 for crypto Blockchain sector” carried out by laraontheblock with 83 MENA venture capitalists, fund managers, and family offices,...
Details
Bahrain telecom operator and Ericsson deploy Blockchain project management platform
Ericsson and Bahrain telecom operator, Batelco, part of the Beyon Group, have deployed Blockchain enabled Ericsson Customer Acceptance platform. As per the press release, the customer...
Details
UAE Digital Economy Council creates Blockchain Sub-committee
During the UAE Digital Economy Council’s first meeting chaired by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote...
Details
UAE Securities and Commodities Authority publishes UAE Virtual asset regulation resolution
UAE Securities and Commodities Authority (SCA ) publishes the Cabinet Resolution No. (111)of 2022 regarding the regulation of virtual assets and their service providers and has noted...
Details
KSA NFT marketplace NuqtahNFT sponsors KSA LEAP event
KSA Web 3 NFT Marketplace, NuqtahNFT sponsors LEAP tech convention that will be taking place in Riyadh Saudi Arabia from February 6th-9th 2023. LEAP is one of Saudi...
Details
Saudi Arabia launches its national wholesale CBDC project between local banks
The Saudi Central Bank (SAMA) released a press release where it confirmed that the Central Bank is continuing to experiment on Central Bank Digital Currencies (CBDC). SAMA...
Details
