Blockchain

The Future of the Digital Economy: Business in the Metaverse" Academy is a first-of-its-kind specialized training program created to give digital startups the skills and resources they need to build in the metaverse and take advantage of Web3. The academy was launched by the Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, in collaboration with the SEE Institute.
Dubai Chamber for Digital Economy opens new training academy enabling digital startups to dive into Metaverse

The Future of the Digital Economy: Business in the Metaverse” Academy is a first-of-its-kind specialized…

The first Middle East Blockchain Awards will be held in Abu Dhabi in November to honor people who have made significant contributions to the advancement of new technologies.
Middle East Blockchain Awards to be held in Abu Dhabi for the first time

The first Middle East Blockchain Awards will be held in Abu Dhabi in November to…

According to blockchain tracker DappRadar, sales of non-fungible tokens fell precipitously in the third quarter as cryptocurrency investors prepared for a "crypto winter" and there are few signs that interest in the highly risky digital assets will increase. A type of blockchain-based asset known as a non-fungible token (NFT) stands in for a digital file, such as an image, video, or item in an online game. They gained enormous popularity in 2021 as wealthy cryptocurrency investors rushed to profit from increasing prices, but sales volumes have fallen recently.
NFT sales fall by 60% in Q3 compared to Q2

According to blockchain tracker DappRadar, sales of non-fungible tokens fell precipitously in the third quarter…

According to the Financial Times, just weeks before freezing customer withdrawals, Celsius founder Alex Mashinsky took $10 million out of his cryptocurrency loan business.
Celsius founder took away $10m before halting withdrawals and filing for bankruptcy

According to the Financial Times, just weeks before freezing customer withdrawals, Celsius founder Alex Mashinsky…

The UAE Ministry of Economy inaugurated its new office in the metaverse, where it will expand its user base in the virtual world and offer its entire suite of services. According to Abdulla bin Touq, Minister of Economy, during the Dubai Metaverse Assembly on Wednesday, the ministry's "third address" will complement its physical offices in Abu Dhabi and Dubai and enable governments, businesses, and individuals to communicate with the ministry from anywhere.
UAE’s Ministry of economy opens third address in the Metaverse

The UAE Ministry of Economy inaugurated its new office in the metaverse, where it will…

The Dubai-based metaverse start-up Bedu has presented its brand-new virtual environment, which is the first to model the UAE's intended voyage to Mars and focuses on the country's objectives for space research. According to Bedu, the Metaverse Project 2117 virtual world wants to have 100 million users within the next ten years and uses decentralized hosting and blockchain technology to provide high-quality aesthetics.
Dubai startup Bedu launches first Metaverse to simulate the UAE’s Mars mission

The Dubai-based metaverse start-up Bedu has presented its brand-new virtual environment, which is the first…

Ashwin Prithipaul, the chief financial officer of Voyager Digital Ltd, is prepared to leave his position just a few months after being hired by the cryptocurrency lender that declared bankruptcy in July.
Bankrupt crypto lender Voyager’s CFO is resigning months after appointment

Ashwin Prithipaul, the chief financial officer of Voyager Digital Ltd, is prepared to leave his…

Compute North started in 2017 as a crypto mining operation, branching out into co-location services that provided low-cost power for data centers, according to the company’s website. In April, the company broke ground on a 300 megawatt co-location facility in Granbury, Texas.
Compute North files for bankruptcy, owed $500m to creditors

On Thursday, Compute North Holdings Inc., which offers data center services to blockchain businesses and…

Eazy Financial Services To accept cryptocurrency payments using "Binance Pay" over "EazyPay's" 5000+ Point-of-Sale (POS) Terminals & Online Payment gateway throughout the Kingdom of Bahrain, the leading Bahraini financial institute "EazyPay," which specializes in Point-of-Sale (POS) & Online Payment Gateway Acquiring services, recently announced its strategic partnership with Binance, the world's leading blockchain & cryptocurrency platform.
EazyPay launches crypto payments via “Binance Pay”

Eazy Financial Services To accept cryptocurrency payments using “Binance Pay” over “EazyPay’s” 5000+ Point-of-Sale (POS)…

As the first and largest NFT marketplace in the region, NIFTY Souq is well-placed to take advantage of this growth. And despite the global ‘crypto winter’ causing digital global markets to cool down from their 2021 peak, the impressive seed-funding results for NIFTY Souq indicate there is still strong belief from investors in NFTs in the region.
UAE-based NFT marketplace NIFTY Souq raises $1.5m in Seed funding round

The first NFT marketplace in the MENA region, NIFTY Souq, which debuted in 2021, has…