Ethiopia signs with 25 bitcoin mining companies
Ethiopia Electric Power (EEP), a state-owned utility, has signed power purchase agreements with 25 bitcoin mining companies. These bitcoin companies are using Ethiopia's surplus renewable energy...
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Bahrain Singapore Gulf Bank to offer digital asset custody services
Operating under full regulatory approval from the Central Bank of Bahrain, Singapore Gulf Bank (SGB) has launched in Bahrain to offer comprehensive digital banking services...
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Tether to issue AED Stablecoin on TON blockchain
On the same day that Tether the issuer of the USDT stablecoin announced that USDT is now on TON Network on MobeeID, Alessandro Giori, Tether’s...
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UAE M2 crypto exchange resolves $13 million hack in 16 minutes
On October 31st, UAE crypto exchange M2, underwent a cybersecurity breach involving $13.7 million but was able to quickly address the incident within 16 minutes....
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Bahrain Beyon Money partners with Crypto.com for digital payments and AI
Bahrain based Beyon Monay, and Crypto.com have partnered to enhance transaction solutions and explore innovative opportunities in digital payments and AI. As per the press...
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UAE Commercial Bank International partners with Zumo digital assets as a service platform
UAE Commercial Bank International (CBI), a leading UAE bank, has partnered with Zumo, an award-winning digital-assets-as-a-service platform registered with the UK Financial Conduct Authority (FCA)...
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UAE Phoenix Group reports $35.9 million in revenues from crypto mining, a 7% quarter decline
UAE's multi-billion dollar tech conglomerate, Phoenix Group PLC, listed on the Abu Dhabi Securities Exchange (ADX: PHX) has announced its Q3 2024 results, reporting core...
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UAE licensed crypto exchanges target Institutional Investors with new products and offerings
In just 24 hours several crypto exchanges licensed in the UAE have been promoting new offerings and campaigns targeting professional and institutional traders. OKX, Binance,...
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RAIN Crypto broker appoints new General Manager for Bahrain
Rain crypto broker in Bahrain has appointed a new General Manager, replacing Mohamed Ateeq, its previous GM of four years. In an Instagram post Rain...
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UAE Zand Bank at the center of a BRICS stablecoin
IDA, a Hong Kong-based stablecoin issuer, has partnered with UAE Zand Bank, the first fully licensed all-digital bank to offer cost-effective and efficient cross-border transactions...
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