Users can now buy crypto with ease across 140 fiat currencies and over 100 cryptocurrencies, ensuring broad accessibility and convenience
Technology
Bitget
Crypto exchange Bitget announces inaugural ‘Blockchain4Her’ awards to honour women leaders in the industry
The initiative is part of the exchange’s ‘Blockchain4Her’ programme, launched this January with a $10 million commitment to promote diversity and inclusion in the blockchain space
Blockchain
DeFi credit venture Clearpool launches first real-world asset yield chain
The new yield chain launch comes at a time when RWAs are projected to represent a $16 trillion market opportunity by 2030
astra tech
Astra Tech’s PayBy launches POS device with built-in QR code, payment link generation
The company said its advanced POS technology supports a full range of payment systems, including banks, bank cards, Alipay Plus, WeChat, Potem digital wallets, Apple Pay, Google Pay, Samsung Pay, and NFC payments
Funding
Generative AI startup Simplismart secures funding from ex-Meta COO Sheryl Sandberg: Report
This is Sandberg’s second round of investment in Simplismart, the Bengaluru-based startup
Bayanat
UAE launches first SAR satellite, boosting Earth observation capabilities
The launch took place on August 16, 2024 from Vandenberg Space Force Base in California, USA
Artificial intelligence
Dubai AI & Web3 Festival inks 6 partnerships with top global firms
The festival is slated to be held on September 11-12
TaskTracker Suite expands GCC presence with Sygmia Consulting partnership
Dubai-based Sygmia Consulting will work closely with TaskTracker to tailor solutions that address business challenges, optimize operations, and implement innovations that enhance productivity and market engagement
Abu Dhabi
Debt-free Bayanat reports 18% increase in revenue to $74.3mn
H1 Gross Profit at $22.9 million with a margin of 31%; Net Profit at $5.2 million with a 7% net margin
digital technologies
Leading systems integration major Convergint expands into Saudi Arabia
The company’s move to enter the Saudi market comes after many years of operations in the UAE