The digital asset, described as the “Official Melania Meme” on its website, operates on the Solana blockchain platform
Wealth
billionaires
Global billionaires’ wealth increases by $2 trillion in 2024: Report
The report is unveiled at a time when the richest of the world began to assemble in Davos for their annual jamboree in the ski resort town
Cryptocurrency
Bitget LaunchX to support Jambo’s $5mn fundraising for first ever crypto space programme
The satellite programme is the next phase to vertically integrate borderless data access to JamboPhone users around the world
Blockchain
Dizzaract Games launches as Middle East’s largest game development studio
The company also pioneering AI integration in gaming
$TRUMP: Everything you need to know about Donald Trump’s meme coin
The digital token reached a market capitalisation of £4.5bn ($5.5bn) within hours of its Saturday launch
lunate
UAE investments: Wio and Lunate team up to offer automated ETF purchases
Wio Invest and Lunate collaborate to offer automated ETF investments
Blockchain
Dubai Crypto Tower will be blockchain business base with NFT gallery, gold bullion shop, car dealership, club and AI incubators
DMCC and Reit Development announce stunning Dubai Crypto Tower
Abu Dhabi
UAE holiday guide; Saudi visa rules; Dubai real estate records; Coldplay in Abu Dhabi – 10 things you missed this week
UAE holiday planning, Saudi visa rule updates, Dubai real estate records, Coldplay in Abu Dhabi and more top news stories this week
Bitget
Bitget crypto exchange announces burn of 800m BGB Tokens
Bitget to reduce BGB token supply by 40 per cent
CBUAE
New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup – 10 things you missed this week
UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week
Cryptocurrency
Trading crypto in Dubai? What you need to know about the latest court ruling
Experts advise individuals engaging in crypto trading to regularly review updates to VARA and Securities and Commodities Authority regulations to ensure ongoing compliance
CBUAE
AE Coin: UAE’s first stablecoin approved
AE Coin granted final approval by Central Bank of the UAE
baby boomers
Gen Z must be financially independent and not ‘rely’ on Great Wealth Transfer, say UAE experts
With longer life expectancy and mounting healthcare costs, the traditional concept of passing wealth to the next generation has evolved from certainty to mere possibility, according to experts
Bitget
Crypto exchange Bitget lists GMCI Meme Index on its futures platform
The innovative addition celebrates the vibrant humour and creativity that define crypto culture, while offering traders a unique opportunity to engage with one of the industry’s most dynamic segments
Bitcoin
Bitcoin hits new all-time high of $100,000
Trump embraced digital assets during his campaign, promising to make the US the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin
Donald Trump
US dollar could face threat to global supremacy as digital currencies, stablecoins soar in popularity: Experts
Moves are, however, afoot in the US, with a bipartisan bill in the US Senate aiming to launch a regulatory initiative to counter non-dollar linked stablecoin issues and checkmate the threat to the greenback
UAE net wealth hit $2.9tn last year
The UAE is well-established as a hub for the super-rich and the introduction of generative AI could create further wealth boom