MENA News
Unlock is the only official source of Blockchain and Crypto news from MENA region. latest projects and implementations in Dubai, Abu Dhabi, Bahrain, Saudi Arabia and other regional countries in the Middle East and north Africa.
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The 2nd edition of the Dubai FinTech Summit (DFS) recently concluded with remarkable success, setting the stage for transformative discussions and strategic partnerships in the financial technology sector. Organized by the Dubai International Financial Centre (DIFC) under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the event attracted over 8,000 decision-makers from 118 countries, marking it as one of the largest gatherings in the global…
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The recent security breach at Rain Exchange has underscored the critical role of regulatory frameworks in ensuring the safety of user funds within the cryptocurrency industry. While concerns regarding the timing of public disclosure have surfaced, the incident ultimately emphasizes the effectiveness of regulatory oversight in protecting customer assets. On April 29, 2024, Rain Exchange experienced a security breach resulting in the unauthorized withdrawal of approximately $14.8 million worth of…
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Bitcoin seems to be tracing a similar trajectory as it did after the 2016 Bitcoin halving event, according to cryptocurrency traders, with indicators suggesting potential for both a local bottom and a significant price surge to $350,000 during the peak of this cycle. Crypto trader Rekt Capital noted the striking resemblance to Bitcoin’s 2016 history, particularly emphasizing a downside wick below the bottom of its current re-accumulation range within a…
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Blockdaemon, a leading provider of institutional-grade blockchain infrastructure, has announced its further foray into the United Arab Emirates (UAE). The company unveiled plans to establish a physical office and formal entity in Abu Dhabi, operating under the guidance of the Registration Authority of Abu Dhabi Global Market (ADGM). The expansion into the UAE market signifies Blockdaemon’s initiative to offer its cutting-edge Web3 infrastructure solutions locally. This includes making available its…
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In the rapidly changing world of cryptocurrency, establishing a foothold in new territories often demands meticulous planning and strategic leadership. However, Bitpanda’s recent expansion into the UAE defied convention by swiftly assembling a team of seasoned industry leaders. This move, led by Walid Benothman, signifies Bitpanda’s unwavering commitment to its global expansion endeavors. We had the privilege of engaging in a candid discussion with Walid Benothman, shedding light on Bitpanda’s…
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Bitpanda, as Europe’s premier cryptocurrency exchange platform and Austria’s inaugural unicorn company, has made a significant stride into the Middle East by launching Bitpanda MENA. This strategic move not only underscores Bitpanda’s commitment to global expansion but also signals the region’s growing appetite for digital assets. Bitpanda’s entrance into the UAE market is bolstered by a robust team of industry veterans, each bringing a wealth of expertise and experience to…
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His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, as well as President of the Dubai International Financial Centre (DIFC), convened with influential global policymakers and financial leaders on the sidelines of the second Dubai FinTech Summit (DFS). Among the notable figures Sheikh Maktoum interacted with were Adena T Friedman, Chair and CEO of…
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At the Dubai FinTech Summit 2024, Crypto Oasis unveiled the latest insights into the ever-evolving UAE blockchain ecosystem. Over the past year, the sector has witnessed remarkable growth, with active companies surging from 1,800 to 2,040, marking a significant 13.3% year-on-year increase. This surge underscores the industry’s robustness and innovation, bolstered by a workforce of over 10,600 professionals, comprising 71% native blockchain organizations and 29% non-native companies contributing to the…
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True Gamers, a prominent international network of eSports clubs, has unveiled its latest partnership with the Jordanian authorities. Positioned as a pioneer in gaming innovation throughout the MENA region, the company is set to play a pivotal role in the creation of a cutting-edge cyber sports arena spanning over 1000 square meters, situated within the King Hussein Business Park in Amman. This state-of-the-art venue is poised to host a myriad…
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Emirates NBD, a prominent banking force in the MENAT region, has unveiled Chainalysis as a pivotal member of its Digital Asset Lab council. This move underlines the bank’s commitment to pioneering advancements in the digital finance domain across the Middle East, North Africa, and Türkiye. Chainalysis, recognized for its expertise in blockchain analysis and compliance, joins esteemed partners such as professional services firm PwC, digital asset transfer platform Fireblocks, and…
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