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Indian investigators link $96M flow to illicit trading platform

Indian investigators link $96M flow to illicit trading platform

Indian authorities have claimed that an illegal trading platform has processed more than Rs. 800 crore (approximately $96 million) in the past nine months. According to authorities, its promoters are ...

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UAE to roll out crypto CARF framework by 2028

UAE to roll out crypto CARF framework by 2028

The UAE Securities and Commodities Authority (SCA) has shared its Crypto Asset Reporting Framework (CARF) consultation paper. This comes as the UAE recently joined the CARF framework. In September 202...

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UAE investment firm launches $100 million AI startup fund

UAE investment firm launches $100 million AI startup fund

UAE-based Presight, a global AI and big data analytics company, and Shorooq, an Abu Dhabi-headquartered investment firm regulated by the FSRA as a fund manager, have launched a $100 million global AI ...

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1 min
Global AI spending to reach $1.5 trillion in 2025

Global AI spending to reach $1.5 trillion in 2025

In a recent Gartner forecast, it was noted that global AI spending is projected to total nearly $1.5 trillion in 2025. According to John David Lovelock, VP Analyst at Gartner, “The forecast assumes co...

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UAE’s Further Ventures pours $19M in hybrid DEX GRVT

UAE’s Further Ventures pours $19M in hybrid DEX GRVT

UAE sovereign wealth fund backed, investment firm Further Ventures, has co-led a $19 million Series A funding round in Grvt, a decentralized exchange for onchain financial privacy powered by zero know...

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1 min
Ark Invest, Solana Foundation backs a $300M deal to turn Brera Holdings into a Solana treasury firm

Ark Invest, Solana Foundation backs a $300M deal to turn Brera Holdings into a Solana treasury firm

Cathie Wood’s Ark Invest and the Solana Foundation, have launched a new digital asset treasury (DAT) called Solmate. The new DAT is aiming to accumulate SOL tokens and stake them. According to a relea...

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1 min
UAE's M2 pivots to digital asset wealth management

UAE's M2 pivots to digital asset wealth management

M2, the Abu Dhabi based regulated crypto exchange, has dropped its previous business model and is now focusing on being a digital asset wealth management platform. The firm which is backed by UAE sove...

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1 min
UAE joins global effort to combat crypto crime

UAE joins global effort to combat crypto crime

The United Arab Emirates (UAE) has intensified its efforts to combat global crypto crime after it was present at the International Cryptocurrency Security Action Week workshop held in Singapore. The e...

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1 min
QCP expands to UAE with crypto trading license

QCP expands to UAE with crypto trading license

QCP Group (QCP), a crypto trading entity has received a Financial Services Permission (FSP) license from the Abu Dhabi’s International Financial Centre (ADGM). The company already holds a payment lice...

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1 min
UAE legal firm starts accepting AED stablecoin payments

UAE legal firm starts accepting AED stablecoin payments

After the agreement between Al Maryah Community Bank (MBank) and the Abu Dhabi Judicial Department (ADJD) to enable AE Coin payments for judicial services, the first legal firm in UAE, Mohammed Sultan...

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1 min
DIFC Courts opens doors to blockchain and AI technology

DIFC Courts opens doors to blockchain and AI technology

Dubai International Financial Centre (DIFC) Courts has launched a new mediation and notary service powered by AI tech and the Hedera blockchain platform. This development follows the issuance of Dubai...

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