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AIBC Awards 2023

The AIBC Dubai Awards 2023 powered by @Fastexecosystem recognised and honoured the top Web3 industry efforts, projects, and individuals. These award is powered by @bitforexcom , @CryptoPerforma1, Zonda .  Read to Know the Winners of 2023 #Awards2023 #Aibc @AIBCsummit @Davincij15 , winner of the 饾悅饾悜饾悩饾悘饾悡饾悗 饾悎饾悕饾悈饾悑饾悢饾悇饾悕饾悅饾悇饾悜 饾悗饾悈 饾悡饾悋饾悇 饾悩饾悇饾悁饾悜  @artbyvesa , winner of the 饾悕饾悈饾悡 … Read more

$21 million was stolen in 7 DeFi protocol hacks in February, according to DefiLlama.

One of the biggest in the month, according to DeFi-centric data analytics platform DefiLlama, was the flash loan reentrancy attack on Platypus Finance, which resulted in the loss of $8.5 million in funds.The first was the price oracle assault against BonqDAO on February 1; DefiLlama then listed six further important hacks that occurred in the … Read more

UAE plugs into 10% of global economy with new CEPA, according to Dr. Al Zeyoudi

Saudi Arabia: According to Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, the UAE will gain access to new markets with a combined population of more than 2.2 billion people by signing its fourth CEPA with Turkey, in addition to those signed with India, Indonesia, and Israel. This includes the Greater Arab Free … Read more

UAE free zone to EXPLORE Bitcoin payments for services

Ras Al Khaimah’s recently announced free zone for virtual asset corporations will explore allowing cryptocurrency payments from businesses considering establishing their operations in the emirate. The RAK DAO would be a designated free zone for digital and virtual asset service providers engaged in metaverse, blockchain, utility tokens, digital wallets, NFTs, DAOs, dApps, and other Web3-related … Read more

Now Selling Bitcoin In Dubai is Fast

Recently, cryptocurrency businesses and exchanges have been drawn to Dubai, the commercial hub of the United Arab Emirates. The Bitcoin to Cash shop in Dubai, which has been running in the city for a while, is one such service. In order to meet the specific demands of each of its clients, SBID (Sell Bitcoin in … Read more

UAE emirate will open free zone for companies dealing in digital and virtual assets

While the nation’s approach to the industry continues to draw in international crypto players, Ras Al Khaimah, one of the United Arab Emirate’s (UAE) seven Emirates, is getting ready to introduce a free zone for businesses dealing in digital and virtual assets. A “purpose-built, innovation-enabling free zone for unregulated operations in the virtual assets sector,” … Read more

Cryptocurrency lenders become miners

Due to the large number of Bitcoin mining machines that cryptocurrency lenders have seized, they are now forced to plug them in and take the tokens themselves. In order to deal with the mining equipment they took as collateral for the $4 billion in rig-backed loans they underwrote when the Bitcoin price surge seemed inevitable, … Read more

MENA tops world in crypto adoption

According to recent research, the Middle East and North Africa (Mena) region has led the world in the adoption of cryptocurrencies over the past year.According to the Chainalysis 2022 Geography of Cryptocurrency Study, a blockchain data platform, users in Mena received $566 billion in cryptocurrency from July 2021 to June 2022, a 48 percent increase … Read more

TDeFi and Dubai Crypto Centre collaborate to launch the Web3 accelerator.

The Dubai Crypto Center initiative seeks to entice blockchain and Web3 companies to the UAE. A new accelerator programme for blockchain and Web3 startups has been unveiled by the Dubai Crypto Centre. The Government of Dubai Authority on Commodities Trade and Enterprise’s flagship free zone, DMCC, and the world’s largest Web3 incubator and consultancy firm, … Read more

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