Arteex Change gains WTC crypto trading license
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
Russian entrepreneurs have managed to successfully open a crypto company at the Dubai World Trade Center free zone. ArteexChange have managed to gain an issued license for trading crypto goods which is the first of its kind. Arteex Change is a crypto and blockchain company founded by well-known Russian entrepreneurs Valery Kudryashov and Alexander Rusanov. They have a straightforward goal of creating a unique platform that will help people simplify the re-registration of all types of property, including real estate, yachts, cars, watches, and jewelry. “Today, there is no similar service in Dub ..read more
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Sympl raised first round funding
MENA Digital News – Cryptocurrency
by Fiona McAllister
2y ago
Egypt-based fintech and online payment solution provider Sympl that they have managed to raise their first funds from local VC which has a regional focus of A15 and that’s not all. By raising this first fund, this particular investment has managed to mark the platform launcher for the fintech, along with an extension of efforts in order to enhance tech innovations in the region by A15. Sympl was founded by Yasmine Henna, Mohamed El-Feky, and Karim Tawfik back in October this year and it has been providing buy now pay later service ever since. The service allows merchants to sell their products ..read more
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Pravica raised funding from VC Crypto Valley
MENA Digital News – Cryptocurrency
by Fiona McAllister
2y ago
Pravica, the Cairo-based blockchain startup that they’ve successfully managed to raise an undisclosed direct investment from the leading Swiss venture capital firm and incubator which are popular for specializing in global blockchain business investments, Crypto Valley Venture Capital (CV VC). Pravica has been providing blockchain technology to offer better online security in the communication industry, specifically messaging apps, where regular data breaches cause colossal problems for businesses and individuals alike ever since its foundation back in 2019 by Mohamed Hussein Abdou. “We are re ..read more
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Dubai platforms join police to combat crypto fraud
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
Dubai police have strategically teamed up with crypto trading platforms to help investors and traders to keep away from crypto fraud that has been happening a lot recently. “We have been working with key policymakers to help them build regulation that will make crypto safe for investors. The string of scams happening on peer-to-peer platforms and the partnership with the police could help investors and traders steer clear of them.” Ola Doudin, chief executive officer of BitOasis, said. Since UAE has taken an active role in promoting blockchain technology, this announcement has taken several in ..read more
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MENA cryptocurrency still on the rise
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
Despite having misconceptions in the MENA region on crypto coins over regulatory issues and having concerted efforts to stutter the growth of crypto, the new currency continues to gain more and more acceptance as days go by in the MENA trading. The leading cryptocurrency Bitcoin traded higher this week rising by 0.11% to $47,930.91 while its closest rival Ether treaded up 0.51% at $3,413.33. Although there has been some bad news since Nasdaq Dubai has revealed that there has been a lot of victims in the hacking campaign this week and there were over 6k users were affected. “Unfortunately, betw ..read more
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BitOasis raised $30M funding series B round
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
BitOasis, the popular Dubai-based crypto exchange platform has managed to raise about $30M in a Series B funding round. The funding round was co-led by the Middle East region’s leading startup ecosystem enabler Wamda and US-based VC Jump Capital. The funding round was also joined by several new investors. The new investors include Pantera Capital, Digital Currency Group, and NXMH. and they are set to propel BitOasis on to an accelerated growth trajectory. BitOasis was founded back in 2015 and it’s been the first and largest crypto-asset exchange platform in the entire Middle East region. This ..read more
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UAE boosts crypto trading by signing official agreements
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
As of now, the crypto trading adoption in the Middle East is higher than it has ever been before and that’s not all. And right now, the regulatory system is in its process to support crypto-related financial services and it’s growing day by day. Very recently, the UAE’s Securities and Commodities Authority has proceeded to sign an agreement with the DWTCA also known as Dubai World Trade Center Authority. Now, the agreement has some simple goals which are to solely support the regulation and trading of cryptocurrencies in the DWTCA’s economic-free zone and that’s not all. The agreement has alre ..read more
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RAIN cryptocurrency trading launching in Pakistan
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
Bahrain-based RAIN, the country’s first cryptocurrency trading platform has announced that they’re completely set to be launched as the arrangements have been done completely in this regard. The platform claims to be the first crypto exchange platform to earn a regulatory license in the entire Middle East along with being a member of an “elite group of exchanges internationally”. This Bahrain-based company will enable everyone in Pakistan to buy and sell popular cryptocurrencies including Bitcoin, Litecoin, Etherum, and many more in the most secure way but making it easy to trade as well. The ..read more
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Blockchain week launched in Dubai
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
The DIFC aka the DUBAI International Finance Centre has managed to launch a series of events dedicated to Blockchain, hosting events throughout the week and it will be running till September 16th. This dedicated blockchain week from DIFC is the first of a series of themed weeks which is being held at the DIFC Innovation hub from the International Financial hub. The DIFC Blockchain Week has the goal of supporting a new generation of digital businesses in several ways. And mostly it’ll be done by bringing together innovators and investors at the financial centre’s startup hub along the way to ma ..read more
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IR4LAB $1.5M funding round
MENA Digital News – Cryptocurrency
by Mark Kitney
2y ago
The KSA based blockchain startup IR4LAB has managed to raise about $1.5M in an investment fund round. The round was led by Wa’ed which is the entrepreneurship arm of Aramco. IR4LAB was founded back in 2017 and they’ve been offering access to corporations to root out resumes and professional fraud certifications. IR4LAB also offers several features and the most notable of them is DocCerts which allows professional and technical certification providers along with training centers to issue convenient certificates. These certificates are digital, instant verifiable, and immutable as well. These ve ..read more
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