During 2018, Abu Dhabi Port subsidiary Maqta Gateway launched its own Blockchain solution for imports, exports and other logistical commercial purposes within the port. The project which is dubbed ‘silsal-‘ Arabic synonym for chain will enable seamless and efficient processing…
Saudi Arabia and UAE launch Joint State-backed Crypto-currency
Two middle-east neighbors; Saudi Arabia and The United Arab Emirates (UAE) have a launched a government backed crypto-currency which will facilitate cross-border payments. This state-backed crypto was one of the agenda’s in the 7 point co-operation plan unveiled on the…
ICO Regulation: UAE Regulator Caution Residents over ICO Related Risks
Author – Sam Reads, UK UAE’s Securities and Commodities Authority (SCA), the kingdom financial market watchdog and regulator issued an investor warning alarm, over-investment in initial coin offering (ICO). The investor alarm was published over the weekend warning investors about…
UAE Giant Remittance Firm Partners With San Francisco DTL-based Startup Ripple
Author – Sam Reads, UK UAE Exchange, one of Middle East Top money transfer and FOREX firm just inked a new partnership with San Francisco based Blockchain – Startup Ripple. The deal comes as the XPR is trying to break…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
