Blockchain News Middle East (2025)

02/01/2025

South Korean game developer Wemade is set to revolutionize the gaming industry by integrating blockchain technology to create decentralized social networks. CEO Park Kwan-ho envisions 2025 as a pivotal year, leveraging blockchain's transparency and interoperability to foster trust and build global gaming communities. Key platforms like WePublic, for DAO management, and WeMixPlay, a blockchain gaming hub, are central to this strategy. Strengthened by a $100 million Web3 fund launched in partnership with Whampoa Digital, Wemade aims to redefine gaming and drive blockchain adoption worldwide.

By 2025, South Korean game maker Wemade plans to drastically change its business approach, concentrating on employing blockchain technology in games to build

01/01/2025

Crypto.com and Dubai Islamic Bank (DIB) have joined forces to introduce Sharia-compliant cryptocurrency solutions, merging blockchain innovation with Islamic financial principles. This partnership pioneers accessible, regulated financial products, including the tokenisation of sukuks, aligning digital advancements with Sharia law. By bridging traditional finance and blockchain, this collaboration enhances trust in digital currencies and sets a global benchmark for integrating cultural values into fintech.

https://blockchainnewsme.com/blockchain-and-tradition-collide-crypto-com-and-dubai-islamic-bank-join-forces/

The largest Sharia-compliant bank in the United Arab Emirates, Dubai Islamic Bank, is a symbol of Islamic financial purity. This partnership with Crypto.com,

31/12/2024

The Blockchain Association, Texas Blockchain Council, and DeFi Education Fund have filed a lawsuit against the IRS, challenging new regulations they claim overreach and threaten the decentralised finance (DeFi) industry. The rules, set to take effect in 2027, expand the definition of brokers to include DeFi platforms, imposing stringent reporting and Know Your Customer (KYC) requirements. Critics argue these measures violate privacy rights and could drive innovation overseas. The lawsuit aims to safeguard DeFi users and ensure balanced regulation while fostering technological progress.

The U.S. Internal Revenue Service (IRS) is the target of a lawsuit brought by the Blockchain Association, the Texas Blockchain Council, and the DeFi Education

30/12/2024

The Blockchain Association has filed a lawsuit against the U.S. Internal Revenue Service (IRS), arguing that the agency's newly finalized rules for bitcoin brokers are unconstitutional and breach the Administrative Procedure Act. Joined by the Texas Blockchain Council and other stakeholders, the lawsuit challenges the scope of these regulations, which mandate detailed reporting requirements for brokers, including decentralized exchanges (DEXs) and DeFi platforms. Critics warn that these rules threaten user privacy, stifle innovation, and risk pushing blockchain development out of the United States, potentially undermining the nation's leadership in the global cryptocurrency market. The case's outcome could shape the future of blockchain regulation and innovation in the U.S.

The U.S. Internal Revenue Service (IRS) has been sued by the Blockchain Association, which alleges that the agency's new rules governing bitcoin brokers are

10/12/2024

Binance, the world’s leading cryptocurrency exchange, has unveiled the relaunch of its Binance Wallet, formerly known as the Binance Web3 Wallet, marking the beginning of its transformative “Seamless” phase. This update aims to revolutionize Web3 usability by introducing features like Unified Wallet for streamlined asset management, an enhanced Airdrop Zone and Reward Centre, and a user-friendly interface designed to integrate decentralised technologies into daily life effortlessly.

Dec. 9, 2024, DUBAI, UAE The relaunch of the Binance Wallet (formerly known as the Binance Web3 Wallet) has been formally announced by Binance, the largest

06/12/2024

Adaverse, a prominent Web3 ecosystem accelerator and seed fund, has made a strategic investment in Saudi Arabia's leading sports technology firm, Grintafy. This partnership is set to propel Grintafy’s platform into the blockchain era, revolutionizing global football talent scouting. By integrating Web3 innovations, this collaboration aims to enhance Grintafy’s user experience and expand its reach, heralding a new era where sports technology meets blockchain-driven transformation.

Adaverse, a well-known Web3 ecosystem accelerator and seed fund, has made a strategic investment in Grintafy, a prominent sports technology firm with

05/12/2024

The Reserve Bank of India (RBI) underscores the transformative impact of emerging technologies like blockchain, AI, and ML on the financial landscape, along with innovations such as tokenised assets. At the "High-Level Policy Conference of Central Banks in the Global South," RBI Deputy Governor M. Rajeshwar Rao highlighted the delicate balance required between fostering innovation and maintaining systemic stability.

The Reserve Bank of India (RBI) has emphasised how the financial environment is changing due to technological breakthroughs like blockchain, AI, and ML as

03/12/2024

The rise of cryptocurrencies has revolutionized how people perceive money, investments, and technology, ushering in a new era of financial innovation. Among the countless digital assets, identifying unique and promising altcoins has become vital for investors seeking long-term growth. Qubetics (TICS), Ethereum (ETH), and Kaspa (XMR) stand out with their distinct value propositions, each carving a niche in the ever-evolving blockchain landscape.

The way people think about money, investments, and technology has changed as a result of the emergence of cryptocurrencies as revolutionary financial

02/12/2024

Singapore-based startup Aeon has introduced authorization payments on the TON blockchain, aiming to enhance blockchain’s everyday usability. This innovation is exemplified by the ShareX Telegram mini-app, which simplifies renting power banks through Aeon’s streamlined payment mechanism. Users approve payments upfront, ensuring a smooth and automated transaction process. Leveraging the TON blockchain, Aeon integrates various cryptocurrencies and wallets, offering flexibility and convenience.

To improve the everyday usability of blockchain technology, Singapore-based startup Aeon has announced the launch of authorization payments on the TON

28/11/2024

JMJ Mach, a Korean watchmaker, is reshaping the luxury watch industry by integrating NFTs, tamper-proof blockchain technology, and mechanical precision. Their "phygital" timepieces combine timeless craftsmanship with cutting-edge digital innovation, featuring unique NFT-minted dials and advanced NFC chip security. This bold approach not only redefines authentication but also sets a new standard for individuality in high-end watches. With exclusive collections and interactive features that bridge the physical and digital worlds, JMJ Mach is pioneering the future of luxury, appealing to both traditional collectors and NFT enthusiasts alike.

By fusing distinctive NFT designs, tamper-proof blockchain verification, and mechanical skill, a Korean watchmaker is upending the conventional luxury

26/11/2024

The highly anticipated Web3 Unleashed Hackathon, co-hosted by Bybit and DMCC Crypto Centre, has solidified Dubai's reputation as a global hub for Web3 innovation. Held on November 20, 2024, the event captivated both an in-person audience and over 30,000 online viewers, as 15 pioneering project teams presented transformative blockchain solutions to a distinguished panel of Web3 experts.

After a full day of events, including an interesting panel discussion on the future of Web3 technology and its revolutionary applications, the Web3 Unleashed

25/11/2024

India is at the forefront of revolutionizing cross-border mobile payments by incorporating Central Bank Digital Currencies (CBDCs) to enhance transaction efficiency and reduce remittance costs. Through strategic collaborations with nations like Sri Lanka, Bhutan, Nepal, and the United Arab Emirates, India aims to establish effective and affordable payment systems that facilitate global trade. Leveraging its advanced payment infrastructure, such as the Unified Payments Interface (UPI), India is also working with ASEAN central banks to create a regional instant payment framework.

By incorporating Central Bank Digital Currencies (CBDCs) to improve transaction efficiency and lower remittance costs, India is leading the way in the

22/11/2024

Arcana Network has unveiled the Beta version of its Arcana Wallet, now available on the Chrome Store. Powered by the Chain Abstraction Protocol, the wallet enables seamless multi-chain transactions across Ethereum, Base, Polygon, Arbitrum, and Optimism, with plans to support 20+ additional chains. It simplifies blockchain usability by unifying balances, enabling gas payments in USDT or USDC, and offering nearly instant cross-chain transactions.

The Arcana Wallet Beta has been released by Arcana Network and is currently accessible through the Chrome Store. With plans to connect more than 20 additional

21/11/2024

The United Arab Emirates (UAE) is at the forefront of revolutionizing the banking sector in the Middle East, leveraging cutting-edge technologies such as blockchain, artificial intelligence (AI), and digital banking. With a significant share of the region’s $3.2 trillion in banking assets, the UAE sets a benchmark for financial innovation and customer-centric services. Initiatives like the Central Bank Digital Currency (CBDC) program and blockchain integration underscore the nation’s commitment to a tech-driven financial future.

With the greatest portion of the $3.2 trillion in banking assets in the Middle East, the United Arab Emirates (UAE) is leading the charge in the digital

19/11/2024

A transformative shift is underway as content creators navigate the challenges of platform algorithms and diminishing rewards. This shift, rooted in the convergence of Web3 and digital marketing, is unlocking unprecedented opportunities for creators. Spearheading this revolution is Harry Horsfall, CEO of Flight3, who is redefining digital monetization in what he calls the most significant evolution since social media.

There are obstacles in the way of broad acceptance, though. Horsfall draws attention to the discrepancy between the actual rate of development and the hype

18/11/2024

On October 22–23, the 13th annual Blockchain Life Forum convened in Dubai, serving as a global hub for blockchain and cryptocurrency pioneers. The event fostered invaluable networking opportunities for entrepreneurs, investors, and industry professionals while celebrating achievements in blockchain-powered innovations. From evolving cryptocurrency security practices to exploring groundbreaking Web3 ventures, the forum offered critical insights for navigating the rapidly transforming blockchain landscape.

On October 22–23, the 13th annual Blockchain Life Forum, which brought together global blockchain and cryptocurrency pioneers, was held in Dubai. The event

15/11/2024

Playnance, a trailblazer in Web 3.0 technology, introduces PlayBlock, a groundbreaking layer-three blockchain poised to transform trading, gaming, and DeFi ecosystems. Designed with Ethereum Virtual Machine (EVM) compatibility, zero-gas transactions, and USD-pegged stability, PlayBlock accelerates the shift from Web 2.0 to Web 3.0 for a global audience. Anchored by its cutting-edge Playnance ecosystem—including Playnance Studio, CoinsExchange.com integration, and the soon-to-launch PlayWall platform—this innovation offers traders, gamers, and developers unparalleled speed, accessibility, and security.

https://blockchainnewsme.com/playnance-presents-playblock-a-zero-gas-blockchain-transforming-web-3-0-adoption-gaming-and-trading/

PlayBlock, a cutting-edge layer-three blockchain that is set to revolutionise trading, gaming, and decentralised finance (DeFi), was introduced by Playnance,

14/11/2024

VanEck, a global leader in investment management, has launched a $30 million fund, VanEck Ventures, to support early-stage crypto and artificial intelligence (AI) startups. This initiative focuses on seed and pre-seed projects leveraging blockchain, large language models (LLMs), and AI, aiming to back revolutionary founders and transformative technologies. With a history of financial innovation, including Bitcoin ETFs and tokenized assets, VanEck continues to push the boundaries of fintech. Led by seasoned executives Wyatt Lonergan and Juan Lopez, the fund plans up to 35 investments, targeting platforms in stablecoins, tokenized markets, and internet-native finance.

Renowned for its spot Bitcoin (BTC) exchange-traded funds (ETFs), global investment management VanEck has announced VanEck Ventures, a new $30 million fund to

Blockchain News Middle East