MANTRA has reached an agreement with UAE-based real estate group DAMAC Group to tokenize at least $1 billion of assets. DAMAC, which covers real estate development, hotels and data centers, has accepted bitcoin and ethereum payments since 2022. Details of the specific tokenization project will be announced in the coming weeks.
Cryptocurrency exchange Crypto.com signed a Memorandum of Understanding with Emirates Islamic Bank to continue expanding its presence in the UAE and wider Gulf markets. Crypto.com President of UAE Operations Mohammed Al Hakim said: "This collaboration bridges the cryptocurrency and Islamic banking sectors, paving the way for future collaboration in tokenized Islamic bonds and Sharia-compliant crypto solutions." This follows Crypto.com acquisition of regulated Orion Principals Limited and the lau...
On December 27, local time on December 26, Kazakhstan's transport minister said that Aktau Airport had received news before the crash that the oxygen tank on the plane had exploded, causing passengers to lose consciousness.
Binance founder CZ revealed on Twitter that the United Arab Emirates (UAE) holds $40 billion worth of Bitcoin.
21:00-7:00 Keywords: UAE, France, Microstrategy 1. The UAE Ministry of Home Affairs and the FSRA cooperate to combat virtual asset-related crimes. 2. Bitcoin mining company Hut 8 has bought 990 bitcoins for about $100 million; 3. CryptoQuant founder: Bitcoin strategic reserve can "offset US debt"; 4. UBS: The outlook for US stocks remains optimistic, with the S & P 500 index expected to reach 6,600 by the end of next year. 5. The Microstrategy board of directors has increased by three members, i...
The Ministry of Interior of the United Arab Emirates (UAE) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi International Financial Centre (ADGM) have signed a Memorandum of Understanding to enhance coordination in combating virtual asset-related crimes. The agreement requires both parties to share information and strengthen risk mitigation frameworks. The agreement is also reportedly designed to support the UAE's strategy to protect its financial system from evolving threats ...
AE Coin, a dirham-pegged stablecoin, has received final approval from the UAE Central Bank. Headquartered in the UAE, AE Coin will soon be available through an appointed agent. The digital currency is fully backed by the UAE's reserves and pegged to the US dollar, ensuring price stability.
12:00-22:00 Keywords: Brazil, UAE, Paypal, Musk 1. BTC breaks through $80,000. 2. Foreign media: Musk may support Trump's intervention in the Federal Reserve. 3. European Central Bank Governing Council Holtzmann: There is no reason not to cut interest rates in December. 4.Sky founder: If Bitcoin reaches $80,000, the DeFi renaissance will be confirmed. 5. The Dutch court requires Binance to disclose account info related to the $200,000 dating scam case; 6. Ripple CEO: The Trump administration may...
According to The Information, Emirati fund MGX has been in talks to invest in Musk's xAI, which maker of chatbot Grok has been seeking to raise $5 billion at a valuation of around $45 billion.
The Ras Al Khaimah Digital Asset Oasis (RAK DAO), a free economic zone focused on digital assets in the United Arab Emirates, is about to introduce a legal framework for decentralized autonomous organizations (DAOs). Law firms NeosLegal and RAK DAO said the new regime will be launched and discussed at the DAO Legal Clinic on October 25. Irina Heaver, a partner at NeosLegal, said the framework is expected to shed light on how DAOs maintain legal compliance.
The Dubai Virtual Assets Regulatory Authority (VARA), one of the regulators of the cryptocurrency industry in the United Arab Emirates, said it has fined seven cryptocurrency entities for operating without the required licenses and violating marketing regulations. VARA did not name the entities and said it was investigating them with the local government. The fines for each entity ranged from 50,000 dirhams (about $13,600) to 100,000 dirhams.
12:00-21:00 Keywords: Brazil, UAE, Paypal, Musk 1. The Supreme Court of Brazil said that the X platform lifted the ban and transferred fines to the wrong account; 2. The UAE will exempt cryptocurrency transfers and conversions from VAT. 3. Argentina's richest man praised bitcoin's ability to withstand government intervention. 4. PayPal uses the PYUSD stablecoin to complete its first corporate transaction. 5. Musk updates his social media account avatar: wearing a dark "MAGA" hat; 6. Lego removes...
Amendments to the United Arab Emirates' Value Added Tax (VAT) regulations will exempt the transfer and conversion of virtual assets, including cryptocurrencies. PwC said the new regulations include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.
Standard Chartered said it will begin offering cryptocurrency custody services in the United Arab Emirates, currently supporting custody of BTC and ETH. It is reported that the related custody services launched in partnership with Brevan Howard Digital, the cryptocurrency arm of hedge fund Brevan Howard, have now been licensed by the Dubai Financial Services Authority (DFSA), the specialized financial regulator of the DIFC.
On August 30th, according to Assiyaq, UAE-based Web3 service provider Verofax announced the completion of a $3 million bridge financing round. This round of financing was led by investors including King Abdullah University of Technology, Plug & Play Tech Center, Navig8 Group and Trove Capital UK. Other participants in this round of financing include Jawa Brothers Advisory, Alzamil Pedco CVC and Tracecore CVC. In a 2022 round of financing, Verofax raised $1.50 million in a pre-Series A round led ...