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Promeet has raised $3.1M in pre-seed funding to enhance its platform for creator monetization, integrating videos, photos, meetings, and live streaming with blockchain technology. The platform allows creators to receive instant payments, retain 90% of their earnings, and enjoy greater freedom in content sharing. With plans for team expansion and feature enhancement, Promeet aims to foster Web3-based monetization across various industries.
The UAE is emerging as a global blockchain hub, driven by trends in Shariah-compliant services, dirham-pegged stablecoins, and an influx of international talent. Industry leaders emphasize the region's regulatory clarity and potential for rapid growth, particularly in decentralized finance. Recent developments include a stablecoin initiative approved by the central bank, highlighting the focus on local payment methods.
The stablecoin market is poised for explosive growth in 2025, driven by regulatory advancements and increased adoption. With the implementation of the EU's MiCA regulation, more regulated stablecoins are expected, alongside banks offering custody services, which will enhance integration with traditional finance. Localized stablecoins are also set to challenge the dollar's dominance, marking a significant shift in the market landscape.
Floki is set to sponsor the 2024 World Tennis League, taking place from December 19 to 22 at the Etihad Arena in Abu Dhabi. The event will feature top-ranked players like Aryna Sabalenka and Nick Kyrgios, alongside live performances from artists such as Bryan Adams and Akon. Floki's branding will be prominently displayed throughout the tournament, which aims to reach a global audience exceeding 46.4 million.
Floki is set to sponsor the 2024 World Tennis League, taking place from December 19-22 at the Etihad Arena in Abu Dhabi. The event will feature top-ranked players and live performances from artists like Bryan Adams and Akon, aiming to reach a global audience of over 46.4 million. Floki's branding will be prominently displayed throughout the tournament, enhancing its visibility in the sports arena.
Floki is set to sponsor the 2024 World Tennis League, taking place at the Etihad Arena in Abu Dhabi from December 19 to 22. The event features top-ranked players like Aryna Sabalenka and Nick Kyrgios, alongside live performances from artists such as Bryan Adams and Akon. Floki's branding will be prominently displayed throughout the tournament, which aims to reach a global audience exceeding 46.4 million viewers.
MamaFi, a SocialFi platform on Ethereum Layer 2, has successfully raised $2,756,535 in a private sale. The platform aims to democratize digital finance by enabling users to create tokens and engage in decentralized governance, while also fostering a vibrant meme coin ecosystem. With features like encrypted P2P chat and lower transaction costs, MamaFi is positioned for significant growth in the evolving crypto landscape.
Bitpanda has received in-principle approval from the UAE's Virtual Assets Regulatory Authority (VARA) to operate as Bitpanda Broker MENA DMCC, marking its first expansion outside Europe. The company has established an office in Dubai and aims to leverage the region's growing demand for digital assets, launching products like Bitpanda Fusion for active traders. This move aligns with Bitpanda's strategy to enhance its global presence while adhering to local regulatory requirements.
BitOasis has secured a full Virtual Asset Service Provider (VASP) license from Dubai’s VARA, enabling it to trade over 60 digital assets and support UAE dirham and Saudi riyal pairs. This milestone follows its acquisition by Indian exchange CoinDCX and aims to enhance regulatory compliance and service offerings. Despite previous regulatory challenges, BitOasis has established itself as a significant player in Dubai's cryptocurrency market since its launch in 2016, processing over $6.6 billion in trading volume.
Bitpanda has secured in-principle approval from the Virtual Asset Regulatory Authority (VARA) to expand into the UAE, positioning Dubai as a strategic hub for its international growth. The approval indicates compliance with regulatory standards, although further conditions must be met for full operational licensing. Additionally, Bitpanda has partnered with Societe Generale to promote the adoption of its euro-denominated stablecoin, EUR CoinVertible, as a key element of global finance.
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