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.
-
Medad Holding and Franklin Templeton have united in a groundbreaking partnership set to transform the financial landscape of the United Arab Emirates (UAE). This collaboration is centered on introducing a pioneering tokenized digital asset – the yieldcoin. Yieldcoins represent a fusion of traditional financial instruments with cutting-edge blockchain technology, offering investors a new paradigm for investment. Yieldcoins: Merging Stability and Flexibility By amalgamating the stability of a money market fund…
Read More » -
Outer Edge, one of the pioneer events in the world of Web 3, tech, culture, and entertainment, today announced a partnership with Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and King Abdulaziz City for Science and Technology (KACST), the national labs of the Kingdom, to debut Outer Edge Riyadh on 23 April. The dynamic event is set to bring together some of the…
Read More » -
Richard Teng, leading Binance in the wake of regulatory turbulence, has secured a significant victory: the much-anticipated full crypto license from VARA in Dubai. Binance FZE, the Dubai entity of the world’s leading global virtual assets services provider, today announced that it has received the Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license, subsequent to the previous issuance of the Minimum Viable Product…
Read More » -
Varys Capital (“Varys”) has announced a strategic collaboration with FundRock Investment Management Services (ME) Ltd (“FundRock”), a fund management firm licensed by the FSRA. Together, they will oversee the management of Varys Capital Ventures (CEIC) Limited, a feeder fund operating within the Abu Dhabi Global Market (ADGM). This feeder fund will allocate its assets into a Master Fund initially established as an early-stage venture fund with a primary focus on…
Read More » -
Microsoft (MSFT.O) is making a major move in the realm of artificial intelligence (AI) by investing $1.5 billion in the United Arab Emirates-based firm G42. This investment not only secures Microsoft a minority stake in G42 but also grants the tech giant a seat on G42’s board, facilitating deeper collaboration between the two entities in the fiercely competitive global tech landscape. As part of the agreement, G42 will leverage Microsoft…
Read More » -
INABLR Middle East W.L.L (INABLR) stands at the forefront of Bahrain’s rich legacy in Islamic finance, as it successfully graduates from the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, unveiling a groundbreaking Proof of Concept (POC) for fractionalized Sukuk (Islamic Bonds). This milestone not only signifies a leap forward for INABLR but also underscores Bahrain’s historical leadership in financial innovation. With a reputation as the cradle of Islamic banking, Bahrain…
Read More » -
Karak Network, a groundbreaking blockchain solution developed by Andalusia Labs Ltd., a company registered in Abu Dhabi Global Market (ADGM), has made a significant splash in the industry. Just months after securing a hefty $48 million investment round in December 2023, Karak went live in April 2024, showcasing their innovative approach to blockchain security. Billion-Dollar Valuation for Disruptive Technology The Series A funding round not only fueled Karak’s growth but…
Read More » -
In a welcome development for cryptocurrency enthusiasts in the MENA region, BitOasis has announced the resumption of services for new retail and corporate customers, effective April 12, 2024. This follows a period of regulatory scrutiny addressed in collaboration with Dubai’s Virtual Assets Regulatory Authority (VARA). Established Player with a Commitment to Compliance Founded in 2016, BitOasis has consistently prioritized regulatory compliance, offering a safe and secure platform for buying, selling,…
Read More » -
Crypto operator Crypto.com has proudly announced its attainment of a full operational license from Dubai’s Virtual Assets Regulatory Authority (VARA) on April 3, 2024. This milestone marks a pioneering achievement for Crypto.com, as it becomes the premier global crypto operator to secure operational status with fiat capabilities in the United Arab Emirates (UAE). The scope of Crypto.com’s licensure encompasses a diverse range of activities, including exchange services, broker-dealer services, management…
Read More » -
stc Bahrain has unveiled a strategic collaboration with Core Chain, a Layer-1 blockchain network powered by Bitcoin, emphasizing stc Bahrain’s commitment to advancing blockchain technology and fostering digital innovation in the Middle East. Under this partnership, stc Bahrain will utilize Core Chain’s cutting-edge technology to deploy and manage nodes within the network, with the goal of enhancing the utility of the BTC ecosystem and driving blockchain development across the region.…
Read More »
