The rise follows a volatile but ultimately upward trend in monthly active users over recent years
DeFi
Latest in DeFi
Bitcoin
Crypto market: Retail participation in the sector predicted to see a major boost in Bitcoin as a result of Trump’s IRS overturned
Bitcoin prices shot up in early trading hours on Monday, April 28, to cross the $94,000 mark, touching $94,083 briefly, gaining close to 8% in 7 days
Blockchain
Sigma Capital launches $100mn fund for Web3 acceleration
The fund will support early-stage venture investments in areas including DeFi, blockchain, real-world asset tokenisation, gaming and the metaverse
Artificial intelligence
Metaverse, AI, VR: Did overhype kill Web3?
The future of Web3 lies not in replacing existing systems but in complementing them
Blockchain
Digital asset provider Hex Trust partners with Clearpool to launch real world asset yielding Ozean
Hex Trust, with a presence in Dubai, Singapore, Hong Kong, France, and Italy, has built a reputation for adhering to the highest regulatory standards and providing secure digital asset solutions on a regulated infrastructure
Blockchain
UAE’s Firoza Finance announces launch of $2mn pilot programme for world’s first real-world Mudarabah smart contract
The collaboration marks a significant milestone in Islamic finance and decentralised finance
Blockchain
DeFi yield infrastructure venture Zoth with UAE operations raises $4mn funding
The company’s latest funding round attracted prominent investors, including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital and Foundership Ventures
Blockchain
Blockchain network HAQQ reveals plans for gold-backed stablecoin, tokenised sukuk to boost Islamic interbank market
The move comes close on the heels of the UAE central bank approving issuance of stablecoin regulation
decentralised finance
UAE-based digital asset management platform Akkrue Capital announced closing first funding round
The fresh capital will be used for advancing the company’s innovative financial products and services
Blockchain
Trailblazing the future: Middle East’s role in global virtual asset and DeFi regulation
The region will continue to pave the way for a global regulatory landscape for virtual assets, cryptocurrencies, and DeFi
Blockchain
Cryptocurrency: Can it become a primary payment method? Experts weigh in
The possibility of governments embracing cryptocurrency is intriguing, albeit riddled with complexities
APG
Demystifying USDC Price: Its Role and Impact on the Crypto Space
USDC: Stablecoin pioneer in crypto, shaping future of finance
Cryptocurrency
Digital asset custody solution providers hold key to the next bull run in cryptocurrency: PwC study
The demand spike is projected to help the digital asset custody market grow several-fold in the next few years from the current estimated market size of $448 billion
Blockchain
The Middle East is critical to the future of crypto
While 2022 was challenging, 2023 is an opportunity for the crypto industry to come of age
Blockchain
US firm Chainalysis to discuss blockchain risks, opportunities and compliance at GITEX 2022
Visitors at the Chainalysis stand will get the opportunity to experience live demos of the “Chainalysis Storyline”
Abu Dhabi
Abu Dhabi firm to open virtual office in the metaverse as part of its NFT, blockchain wing
To develop the virtual office in the metaverse, digitalfarm and meta-farm are forming a collaboration with UAE’s Fomo Lab
Bitcoin
‘Crypto winter’ woes reach scorching Gulf shores amid rising credibility concerns
Investors in the Middle East tend to be more sensitive to volatility and risky assets, an expert said