Footprint Analytics · 3 hours ago · 7 min read
$200 million ‘Bitcoin Fund’ receives approval for listing on Nasdaq Dubai
The fund will allow the Middle East’s first listed digital asset product to be able to deliver on the growing demand from regional institutional investors.
Ripple deploys its first on-demand liquidity tool in the Middle East
The Middle East and North Africa (MENA) region is home to the world’s top remittance corridors.
Ripple helps establish payments corridor between Egypt and UAE
Decentralized payments network RippleNet will be used to connect the National Bank of Egypt and UAE-based financial services provider LuLu International Exchange.
Young Arabs are more ‘bullish’ on crypto investments than Westerners
UAE investors were more upbeat on the future of the broader crypto market than Western expats, a survey found.
A $1.45 billion Bitcoin fund is soon listing on NASDAQ Dubai
3IQ's rapidly-growing Bitcoin Fund turns its sights to the Middle East.
Major Dubai crypto fund to sell $750M worth of BTC to buy Cardano and Polkadot
FD7 Ventures, a Dubai-based crypto investment fund with $1 billion under management, has announced plans to sell off $750 million worth of their Bitcoin holdings in the next month.
Rolls-Royce, Gucci-flaunting scammers caught after FBI analyzes Bitcoin trail
Two Nigerian scammers were held last week after hatching an elaborate fraud to steal “$435 million around the world” using illicit emails, luxury brand showoffs, and Bitcoin.
BitOasis on track to become a regulated crypto-exchange in the Middle East
Cryptocurrency exchange BitOasis is on track to receive a license to operate in the Middle East after being granted in-principle approval (IPA) from the U.A.E’s financial regulator.
Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency
The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments.
Analysis: Ripple Remittance Channels to Open on UAE Exchange Q1 of 2019
UAE Exchange, one of the leading global money transfer and exchange solutions, plans to implement RippleNet into its service by Q1 of 2019.
UAE Government Accepts Cryptocurrencies as Securities, to Legalize ICOs in 2019
The United Arab Emirates is spearheading cryptocurrency adoption in the Gulf region and intends to introduce initial coin offerings (ICOs) as a legal means-of-fundraising in 2019, reported Reuters on October 8.
Dubai to Launch State-Issued Stablecoin, Partners with Pundi X for Distributing PoS Terminals
Dubai’s credit agency announced an official partnership with cryptocurrency-payments provider Pundi X on October 8, according to an official release.
Dubai to Launch Blockchain-Based Legal System
The Dubai International Financial Center announced the launch of a new initiative in partnership with the Smart Dubai project to establish the world’s first “Court of the Blockchain.” Announced July 30, 2018, the new alliance between the DIFC and Smart Dubai intends to explore the applications of blockchain technology in verifying cross-border court judgments.