UAE-based crypto startup Resolv Labs has successfully raised US$10 million in seed funding. This funding round was led by Cyber.Fund and Maven11, with additional contributions from notable investors including Coinbase Ventures, SCB Limited, Arrington Capital, Animoca Ventures, Gumi Cryptos, NoLimit Holdings, and Robot Ventures. Founded in 2023 by Ivan Kozlov, Fedor Chmile, and Tim Shekikhachev,...
DIA (Decentralised Information Asset) will participate in Token2049 Dubai, highlighting their support for the upcoming event titled “Somnia — a Fully On-chain World’s Road to Mainnet.” This event is scheduled to take place in Dubai on May 1st. DIA expressed their enthusiasm for the event, stating that they will be present for the week and...
Standard Chartered, a licensed crypto custodian in the UAE, has partnered with OKX to introduce a collateral mirroring program. This initiative, operating under the regulatory framework of Dubai’s Virtual Asset Regulatory Authority (VARA), allows institutional clients to use crypto and tokenized money market funds as off-exchange collateral for trading. According to MSN, the pilot program...
Abu Dhabi will host the second edition of the Bitcoin Middle East and North Africa (MENA) Conference in December, as announced by ADNEC Group through its subsidiary, Capital Events. This event aims to gather industry experts and enthusiasts to discuss trends and developments in the cryptocurrency sector. The conference is set to focus on the...
Oasis Protocol is set to participate in TOKEN2049 Dubai, which will be held on April 29. The Oasis team will join both the main conference and various side events during this significant gathering in the blockchain and cryptocurrency sector. Notable events they will attend include the Afternoon TEE Party, LFG Summit, and DefaiCon. Following these...
WEEX has officially opened its international office in Dubai’s central financial district, marking a significant step in its global strategy. The company joins other major exchanges like Bybit, OKX, and Bitget in establishing a physical presence in Dubai, which is recognized as the most dynamic crypto hub in the Middle East. The decision to expand...
Sonic Labs has decided to cancel its plans for a US dollar-pegged algorithmic stablecoin and is now focusing on developing a stablecoin denominated in United Arab Emirates dirhams. This strategic shift was announced after co-founder Andre Cronje had previously mentioned the potential for a US dollar stablecoin with an annual percentage rate (APR) of up...
The UAE continues to lead the MENA region in cryptocurrency adoption, with a notable 42 percent increase this year. This growth has introduced a modern twist to the beloved tradition of Eidiya, which involves gifting money to younger family members during Eid al-Fitr. The practice is being reimagined in the digital age, allowing recipients to...
BitPanda, a regulated crypto assets platform based in Europe, has successfully acquired a crypto brokerage license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to MSN, this new license allows BitPanda to extend its services to both retail and institutional investors in the MENA region, marking a big step in its international expansion. With this...
Ripple, a leader in enterprise blockchain and crypto solutions, has received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services within the Dubai International Financial Centre (DIFC). This significant milestone makes Ripple the first blockchain-enabled payments provider licensed by the DFSA. The approval represents Ripple’s first license in the...