Blockchain

Bybit to serve as DMCC Ecosystem and Advisory Partner, providing strategic guidance

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the extension of its strategic partnership with Dubai Multi Commodities Centre, DMCC. After a year of successful collaboration, Bybit announcment includes its...

Crypto.com receives payment service provider licence from Central Bank of Bahrain 

Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding...

Blockchain identity management market aims for US$293.39 billion by 2031

According to SkyQuest, the global Blockchain Identity Management Market size was valued at US$1.3 billion in 2022 and is poised to grow from US$2.37 billion in 2023 to USD 293.39 billion by 2031, growing at a CAGR of 82.6 % during the forecast period...

FinTech will play crucial role in supporting safe crypto in UK says Lanistar 

The UK’s mission to become a ‘crypto hub’ has so far fallen short, but the appointment of Tulip Siddiq as Economic Secretary to the Treasury, or City Minister, signals a move toward a more progressive approach to crypto and digital...

TRON to introduce gas-free stablecoin transfers by year-end 

Justin Sun, the founder of TRON, has announced a notable advancement in the Blockchain realm: gas-free stablecoin transfers. This feature is scheduled to be available on the TRON Blockchain by the end of this year. The new technology aims to eradicate...

Five things banks should know about their evolving customer preferences to stay competitive in 2024

Recently, FinTech in the Middle East and North Africa has experienced notable changes due to advancements in technology and shifts in consumer habits. Making it more important than ever for banks in the region to grasp and meet the evolving preferences of...

Swiss National Bank and SDX extend CBDC project for two more years 

The Swiss National Bank (SNB) and the SIX Digital Exchange (SDX) have announced that they will extend their exploration of wholesale central bank digital currencies (CBDCs) for an additional two years. This extension is a part of the ongoing Project...

Global Blockchain intelligence platform, Chainalysis, establishes regional HQ in Dubai 

Chainalysis, the Blockchain intelligence platform, has inaugurated its headquarters for Southern Europe, Middle East, Central Asia and Africa in Dubai. This move follows three years of exponential growth in the region for the company, as it has established...

AlphaPoint partners with Bancolombia subsidiary Wenia to launch next-generation exchange 

AlphaPoint, a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks and banking, has announced its partnership with Wenia, a subsidiary of Bancolombia, to launch their innovative exchange offering.   The...

XION pioneers user-friendly Blockchain solutions with latest chain abstraction release 

XION, a Blockchain purpose-built for mainstream adoption, has launched its user-friendly Chain Abstraction solution. XION’s Chain Abstraction combines XION’s ease-of-use with seamless composability of users, apps and liquidity across connected...

Who needs Blockchain? New research states many Blockchain uses are unnecessary 

New research has revealed that Blockchain technology is probably unnecessary in the majority of cases, despite its popularity.  In recent years Blockchain technology has been making headlines and boomed in popularity, thanks partly to its use in the...

Innovative Blockchain gaming economic models

‘SERAPH: In the Darkness,’ a highly anticipated dark-themed ARPG built on the Arbitrum One Blockchain, has recently concluded its third round of closed testing. Dubbed the ‘Chaos Legacy Test,’ this 30-day test, starting from November...