Dubai, the emerging global hotspot for Web3 activities and businesses, has taken another crucial step to make things more lucrative for interested folks. A layer of regulations dedicated to overseeing the Web3 sector, has been laid upon the Dubai International Financial Centre (DIFC). This special economic freezone located in Dubai,…
Dubai is accelerating efforts to upgrade the infrastructure needed to foster advanced Web3 ecosystem there. Dubai has chosen Solana Foundation to provide the blockchain infrastructure for its free economic zone, called the Dubai Multi Commodities Centre (DMCC). With this partnership, Dubai aims to help the members of the DMCC develop…
OKX, one of the world’s largest cryptocurrency exchanges, is seeking regulatory approval to operate in Dubai as it plans to expand the company’s Middle East operations, an executive told Reuters on Thursday. Regulation is an industry trend, OKX Global Head of Government Relations Tim Byun said. “We would like to…
Dubai, that in recent years has established itself as a modern infrastructural marvel, is set to host the first Bitcoin Tower in the world. Essentially, this Bitcoin Tower will be a hotel, with its shape inspired by the first cryptocurrency to ever exist. This architectural wonder will be loaded with…
A “flying car” built by Chinese electronic vehicle maker Xpeng made its first public flight in the United Arab Emirates, as the company works towards launching the electric aircraft on international markets. The X2 is a two-seater electric vertical take-off and landing (eVTOL) aircraft that is lifted by eight propellers…
The crypto culture seems to be on an expansion in parts of the United Arab Emirates (UAE). In a latest development, Dubai-based real estate developer Damac Properties has decided to accept payments in the form of cryptocurrencies. Bitcoin and Ether, the top two cryptos in-terms of valuation, have been declared…
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