By BlockByBlock

The GCC Blockchain space: curated, repackaged and designed just for you.

The GCC Blockchain space: curated, repackaged and designed just for you.

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BlockByBlock | UAE Blockchain Startups Steal Headlines (Once Again!)

Movements In The GCC 👇The Crown Prince of Dubai, Sheikh Hamdan, approves the new phase of the Dubai Metaverse Strategy, which will implement measures to empower the use of the metaverse and future technologies locally.The Dubai Multi Commodities Center (DMCC)…


BlockByBlock | Blockchain > World Cup?

The World Cup launch hasn't slowed down blockchain entrepreneurs.


BlockByBlock | $90 Million Raised Despite FTX Blow Up

Movements In The GCC 👇MENA startups raised $646 million in October 2022, a 331 per cent year-on-year (YoY) growth against $150 million raised in October 2021. CoinMENA, a fast-growing MENA-based crypto exchange, partners with Carlton Real Estate to enable pro…


BlockByBlock | Minor Coins Makin' Major Moves

Movements In The GCC 👇Abu Dhabi Natural Oil Company (ADNOC) and Siemens Energy AG announce plan to pilot the use of blockchain technology as a tracker of carbon dioxide emissions.The Dubai Multi Commodities Centre partners with South Korea's blockchain indust…


BlockByBlock | Crypto Credit Cards Coming Soon?

Movements In The GCC 👇BitOasis partners with Mastercard to launch first-ever, crypto-linked cards in the GCC region. Binance launches in Bahrain with approval from the country's Central Bank. Saudi Arabia launches blockchain SMS tracking system to reduce frau…


BlockByBlock | MENA Governments Convene Around Blockchain

Movements In The GCC 👇The UAE Council for Artificial Intelligence and Blockchain vows to train more than 100 leaders in advanced technologies and further the reach of AI and blockchain applications nationally. The Jordanian government launches its first metav…


BlockByBlock | Startups Bring The Heat 🔥 As Gitex Unfolds

Movements In The GCC 👇Etisalat Group (e&), the UAE's largest telecommunications provider, executes a soft launch of its virtual world, e& universe, which is set to change the way consumers and businesses interact on the virtual plane.Several UAE gover…


BlockByBlock | Breaking Crypto Adoption Records

Movements In The GCC 👇MENA crypto users receive $566 billion worth of crypto in one year, showcasing more growth than any other region in the world. Binance reports 50% growth in the number of MENA users in 2022 and increases its UAE employee workforce to ove…


BlockByBlock | The UAE's Top 10 Hottest Startups

Movements In The GCC 👇Neom, Saudi Arabia's 'city of the future,' invests $1 billion into metaverse and artificial intelligence projects. UAE-based Further Ventures, a company backed by Abu Dhabi's ADQ, launches a $200 million fund focused on digital assets, F…


BlockByBlock | MVPs In Dubai, Blockchain in Bahrain

Movements In The GCC 👇Binance secures a Minimal Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA), allowing it to offer virtual-asset-related services to local investors.eToro, an Israeli multinational social trading and mult…


BlockByBlock | Beyond 'The Merge'

Movements In The GCC 👇The Central Bank of Bahrain partners with OpenNode to test Bitcoin payments and payout solutions in the country. Abu Dhabi's Financial Services Regulatory Authority (FSRA) publishes crypto-based "Guiding Principles," outlining expectatio…


BlockByBlock | Million-Dollar Figures Return To The MENA Market

Movements In The GCC 👇 signs a memorandum of understanding (MOU) with the Dubai Virtual Assets Regulatory Authority (VARA) to allow UAE residents to use the crypto exchange for purchases and transfers.Dubai's ultra luxury hotel, Hotel Palazzo Ve…


BlockByBlock | Oman Raises The Blockchain Bar

Movements In The GCC 👇A report by Emirates Development Bank finds that the UAE leads in MENA venture capital funding, raising $700 million in the first half of 2022. A UAE-based Digital Lifestyle Report reveals that 11.4% of the UAE population has had exposur…


BlockByBlock | A Shariah-Compliant DLT Project Worth $66M

Meet the next DLT project worth $66 million.


BlockByBlock | Qatar's $450 Billion SWF Eyes Blockchain Projects

Qatar's sovereign wealth fund, armed with $450 billion, joins the blockchain party in the MENA region.


BlockByBlock | The Web3 Capital Of The World

Nothing new in this issue - just some world-shattering stuff.


BlockByBlock | Saudi's $1.2 Trillion War Chest Targets GCC Tech

Movements In The GCC 👇The UAE ranks third in the world for the highest number of blockchain startups. Saudi Arabia invests $1.2 trillion to grow "untapped business sector," which includes blockchain, crypto and Web3 projects.Ex-PwC Global Crypto Leader, Henri…


BlockByBlock | Dubai's 'Higher Committee' Forms

Movements In The GCC 👇FTX Exchanges secures a VARA license to operate its exchange and clearing house services in Dubai.Dubai forms a 'higher committee' to help shape the future of artificial intelligence (AI) by investing in the metaverse and establishing pa…


BlockByBlock | Dubai Promises 5,000 Blockchain Businesses By 2027

Movements In The GCC 👇The UAE announces the Dubai Metaverse Strategy, which aims to add $4 billion and 40,000 jobs to the economy via metaverse initiatives.Ripple enters the Moroccan market via a partnership with Thunes Payments and Attijariwafa Bank. The Cro…


BlockByBlock | 'The Saudis' Collection Revives NFT Interest

Movements In The GCC 👇The Saudis NFT Collection revitalizes the NFT marketplace, selling out after topping $7 million in sales.Kucoin estimates that 14% of the Saudi adult population owns an NFT or cryptocurrency.Etihad Airways surpasses Emirates and Qatar Ai…