MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
Klumi Ventures, the premier blockchain-native Venture Capital Firm and Fund Manager based in Abu Dhabi, has partnered with Fuze, the Middle East’s leading regulated digital assets and blockchain infrastructure provider. The new collaboration aims to seamlessly integrate traditional finance with the rapidly evolving digital assets landscape. This partnership will harness Klumi Ventures’ investment acumen and Web3 expertise alongside Fuze’s robust digital assets infrastructure to accelerate the adoption of Web3 technologies…
Read More »The crypto job market is undergoing an unprecedented boom, driven by increasing investment, mainstream adoption, and a growing institutional interest in digital assets. As the industry evolves, the demand for skilled professionals, especially in product and marketing roles, is rising, highlighting both opportunities and significant challenges. The Surge in Demand for Crypto Jobs The rapid expansion of Web3 technologies has led to a significant uptick in job openings within the…
Read More »Andreas Szakacs, a co-founder of the cryptocurrency platform OmegaPro, was arrested in Turkey last month, accused of participating in a $4 billion Ponzi scheme, according to Turkish media reports on August 22. Szakacs, a Swedish citizen who later became a Turkish national and changed his name to Emre Avci, has denied the allegations, asserting that he worked in finance and marketing, as reported by the Istanbul-based daily BirGün. During the…
Read More »Tether, a dominant player in the stablecoin market, has announced a groundbreaking partnership with Phoenix Group PLC to launch a Dirham (AED)-pegged stablecoin in the UAE. Paolo Ardoino, CEO of Tether, sat down with Unlock Blockchain to discuss this collaboration and the potential impact of the new stablecoin on the global economy, especially in emerging markets. Tether’s Journey to Dominance Since its inception in 2014, Tether has established itself as…
Read More »UAE’s multi-billion dollar tech conglomerate, Phoenix Group PLC, listed on the Abu Dhabi Securities Exchange (ADX), announced its collaboration with Tether, the largest company in the digital asset industry, with plans to launch a stablecoin pegged to the United Arab Emirates Dirham. This collaboration between Phoenix Group and Tether is supported by Green Acorn Investments Ltd. With the global market for stablecoins currently valued at $150 billion and set to…
Read More »The digital transformation of the financial sector is rapidly reshaping how we interact with money, and at the forefront of this change is the rise of fintech. Short for ‘financial technology,’ fintech is revolutionizing the design and delivery of financial services, with innovations like digital wallets and cryptocurrencies leading the charge. The fintech sector is not only streamlining financial operations but also forging new efficiencies that highlight the vital connection…
Read More »Adaverse, a prominent Web3 venture builder, has announced a substantial $500,000 pre-seed investment in Mithu, an innovative loyalty platform designed to streamline customer engagement for restaurants and cafes across Saudi Arabia. Mithu addresses a significant challenge in the loyalty program market. With countless loyalty programs in place, customers often struggle to manage their rewards effectively, leading to the expiration of billions of dollars worth of points every year. Mithu aims…
Read More »The National Bank of Ras Al Khaimah (RAKBANK), a prominent UAE bank known for its leadership in digital assets, has announced a strategic partnership with Bitpanda Technology Solutions, which is renowned for its scalable digital asset infrastructure. This collaboration aims to introduce a robust platform that will enable UAE residents to manage digital assets seamlessly. Pending approval from the Central Bank of the UAE (CBUAE), the new platform will offer…
Read More »The updated list of companies now includes Coinbase, KuCoin, and Gate.io, with the total number of organizations increasing from 47 to 76. Last week, the initial list featured major exchanges like Binance, Bitfinex and OKX. This development follows Turkey’s recent efforts to provide more regulatory clarity for crypto exchanges and other service providers, a move widely praised by the industry as a significant and positive step. As a result, international…
Read More »In a landmark decision, the Dubai Court of First Instance has made a significant ruling on the payment of salaries in cryptocurrency. This ruling as reported by Lexology , made in 2024, marks a pivotal shift in the UAE’s judicial approach to digital currencies in employment contracts. It sets a new precedent by recognizing the validity of cryptocurrency as a form of remuneration, a notable departure from previous judgments. Case…
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