Binance appoints ex-Singapore CEO as MENA region head

    World’s biggest crypto exchange, Binance appointed Richard Teng, who joined Binance Singapore as its chief executive officer four months ago, on a new role as the global entity’s head for the Middle East and North Africa. According to his LinkedIn profile, Teng was a director for corporate finance at the MAS before. Richard Teng, who…

    Abu Dhabi state fund Mubadala invests in the crypto ecosystem

    CEO of Abu Dhabi’s Mubadala told CNBC about its fund’s investments in crypto and blockchain ecosystems. As Reuters reported, Abu Dhabi state fund Mubadala has invested in the ecosystem around cryptocurrencies, such as blockchain technology, given the increase in the digital currency’s market value, its CEO Khaldoon al-Mubarak said in an interview on CNBC. “I…

    The Global Distributed Cloud Storage Summit held in Abu Dhabi

    On December 15, the Global Distributed Cloud Storage Summit (DCS 2021), a prominent blockchain event with over 20,000 delegates, was officially started at the Abu Dhabi National Exhibition Centre in the United Arab Emirates. Right in the heart of the UAE, this summit is a blockchain festival drawing in the best-in-blockchain industry from around the…

    Abu Dhabi-based crypto trading platform HAYVN closes Series A round

    HAYVN, a digital currency trading platform based in Abu Dhabi, UAE, has closed a Series A funding round, which will help the institution become the largest global institutional digital currencies platform. Abu Dhabi-based digital currency trading platform HAYVN has closed a Series A funding round. This round of funding, the amount of which was not…

    Dubai expects more than 1000 crypto businesses by 2022

    Dubai expects more than 1,000 cryptocurrency businesses to be operational by 2022, said the chief of the Dubai Blockchain Centre at Gitex Global in Dubai. A growing number of institutional investors and wealth managers plan to increase their exposure to crypto-assets between now and 2023, which accelerates efforts to boost its digital economy. Free zones…

    First regulated virtual assets trading platform launches in Abu Dhabi

    The first virtual assets trading platform that is fully compliant with the Abu Dhabi Global Market (ADGM) virtual asset policy framework announced to be launched, as a result of the Emirates Blockchain Strategy launched in the UAE in 2018, which aims to transform 50% of government transactions into the blockchain platform by the end of…