UAE, Dubai, 15 March 2023: At the GISEC CISO Circle, a component of GISEC Global 2023, top regional and international information security officers discussed building a “community of action” and outlined ideas to assist digital enterprises in the region in developing cyber-resilience. The CISO Circle, which was held on day two of the conference with … Read more
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
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
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
In the Cardano blockchain, Cardano NFTs are distinct digital assets that may be created via smart contracts and sold on NFT exchanges. A proof-of-stake (PoS) platform called Cardano was introduced in September 2017 by Charles Hoskinson, a co-founder of Ethereum. Cardano implemented support for smart contracts in September 2021, opening the door for the creation … Read more
As South Korea’s “Kimchi premium” has changed back to a discount, it is now less expensive to purchase cryptocurrencies like Bitcoin on local exchanges. Kimchi, a traditional Korean food, inspired the phenomenon’s name. The term “Kimchi premium” describes situations in which the price of Bitcoin is greater on South Korean exchanges than it is in … Read more
A cryptocurrency company based in Switzerland asserted that Warren made “mistakes” in her remarks during a recent senate session and urged her to “constructively interact” with its community. According to a recent statement, non-custodial cryptocurrency company Shape-Shift rejected United States Senator Elizabeth Warren’s allegations of “illicit fundraising,” contending that she made them in order to … Read more
The creation of a CBDC intends to alleviate cross-border payment inefficiencies and promote innovation in domestic payments. As the first phase of its recently established financial infrastructure transformation (FIT) program, the Central Bank of the United Arab Emirates (CBUAE) intends to introduce a central bank digital currency (CBDC) for both domestic and international use. The … Read more
Blockchain-focused businesses will receive support from the Hub71 + Digital Assets ecosystem. $2 billion project has been launched by Hub71, Abu Dhabi’s digital ecosystem, to support blockchain and Web3 firms in the area. In addition, startups will have access to a variety of initiatives and possible corporate, governmental, and investment partners through the Hub71+ Digital … Read more