Manta Network, a layer-2 blockchain, experienced a distributed denial-of-service attack, causing network delays and affecting withdrawal processes. The attack, which targeted over 135 million remote procedure call requests, led to performance fluctuations and throughput issues. The attack was acknowledged by Manta developers, who reassured users that their funds were secure. The network, which focuses on zero-knowledge application development, comprises Manta Pacific and Manta Atlantic. Manta Network, a layer-2 blockchain, faced a challenging situation when it encountered a distributed denial-of-service (DDoS) attack recently, causing delays in the network and affecting withdrawal processes. The incident was officially acknowledged by Manta developers, who…
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Owais is a skilled professional with a strong background in web editing and social media marketing. As a Web Editor, he possesses a keen eye for detail and a flair for crafting engaging online content. Additionally, Owais leverages his expertise as a Social Media Marketer to effectively promote brands and drive audience engagement. Having completed his Bachelor's degree in BA from Karachi University, Owais gained a comprehensive understanding of various subjects within the humanities. This educational foundation, combined with his passion for digital media, has allowed him to excel in his role as a Web Editor and Social Media Marketer. With a focus on delivering captivating and impactful content, Owais consistently strives to enhance the online presence of brands and effectively communicate their messages to a wide audience. Through his strategic approach and creative insights, he has successfully built and managed social media campaigns that have generated significant reach and engagement. Owais's ability to effectively leverage digital platforms and optimize content for online consumption has proven invaluable in the ever-evolving landscape of web editing and social media marketing. His dedication to staying up-to-date with the latest trends and techniques ensures that he remains at the forefront of digital strategies, enabling him to drive meaningful results for clients and brands.
CoinMENA, a leading cryptocurrency platform in the Middle East and North Africa (MENA) region, has announced a strategic partnership with Onramp Bitcoin, an international company specializing in Bitcoin asset management and multi-institution custody. Onramp Bitcoin’s platform caters to High Net Worth Individuals (HNWI), Family Offices, and Institutions, offering tailored products and solutions for a well-guided onboarding process into the world of Bitcoin. The collaboration goes beyond simply providing market access; it aims to empower MENA investors by delivering high-quality educational resources on Bitcoin, including exclusive written research, comprehensive video content, and analytical tools. CoinMENA, holding licenses and regulatory approval from…
WEMADE, a South Korean gaming company, has partnered with DIFC Innovation Hub to establish a global Web3 gaming hub called the ‘WEMIX PLAY Center’. The goal is to enhance Dubai’s gaming ecosystem and contribute to the Dubai Program for Gaming 2033. WEMADE will use the hub’s accelerator schemes, innovation community, and regulatory frameworks to expand the WEMIX ecosystem. The partnership also includes a $100 million investment fund to provide a go-to-market pipeline for Web3 game developers. WEMADE, a prominent global gaming company based in South Korea (KOSDAQ: 112040), has teamed up with the DIFC Innovation Hub, a leading center for…
Saudi Arabia’s Central Bank (SAMA) has introduced new rules for Buy Now, Pay Later (BNPL) setups, aiming to bring order to the rapidly growing financial sector. The guidelines require BNPL companies to have a local base with at least SAR 5 million in capital and encourage hiring local talent. The rules also cover technology standards, anti-money laundering practices, data privacy, and customer protection. Saudi Arabia’s Central Bank, SAMA, recently rolled out new rules for Buy Now, Pay Later (BNPL) setups in the country. These rules are pretty detailed and are meant to bring some order into this rapidly growing financial…
Green Data City LLC and Alps Blockchain SpA are partnering to establish a modern blockchain data center in Oman. The project includes a 6.5 megawatt mining farm, equipped with the latest Bitmain S21 machines. Oman’s climate, low temperatures, and stable energy rules make it an attractive location for the project. Green Data City LLC, a company based in Oman, has joined forces with Alps Blockchain SpA from Italy, working together through Alps Middle East SPC, their subsidiary. Their big plan? To set up a super modern blockchain data center right in Oman, which is a huge step forward for tech…
The Reserve Bank of India (RBI) has made a clear stand against legalizing cryptocurrencies, reiterating its strong opposition to their acceptance. They’ve highlighted the risks involved with these digital assets, likening them to gambling tools. Indian officials have backed this stance, calling for an outright ban on cryptocurrencies. The RBI’s concerns revolve around various risks tied to widespread cryptocurrency adoption, like money laundering, funding terrorism, and potential destabilization of financial systems. This cautious approach echoes sentiments shared by global financial institutions facing challenges in integrating cryptocurrencies into traditional banking systems. This firm stand by the RBI is set to significantly…
Circle Internet Financial and UAE-based Fuze have partnered to promote digital asset usage in the Middle East and Africa (MENA). The partnership aims to expand the reach of USDC, a stablecoin backed by the US dollar, to a wider range of customers in the region. The goal is to enhance accessibility to USDC and foster stronger connections between regional and global financial networks. Circle Internet Financial and Fuze, a regulated digital assets infrastructure provider in the UAE, have teamed up to push forward digital asset usage in the Middle East and Africa (MENA). This partnership aims to expand the reach…
Sui, a blockchain platform, has partnered with Fils, a company focusing on advancing environmental, social, and governance (ESG) values. The partnership aims to help businesses embrace sustainability and support the global push for a greener world. Fils, a new company, focuses on finance, hospitality, and e-commerce, while Sui’s blockchain technology will monitor and manage carbon credits within the Fils ecosystem. Sui, a foundational blockchain platform, has teamed up with Fils, a company dedicated to advancing environmental, social, and governance (ESG) values, marking a big step towards environmental responsibility. Their goal? To help businesses embrace sustainability and support the global push…
UNDP and Algorand collaborate to launch Blockchain Academy for 22,000+ staff worldwide. Algorand’s program aims to equip UNDP with practical blockchain skills for sustainable development. Partnership focuses on financial inclusion, supply chain transparency, and digital identity solutions. The United Nations Development Programme (UNDP) and the Algorand Foundation are teaming up to launch a new Blockchain Academy. Their goal? To educate more than 22,000 UNDP team members from 170 countries, as well as other UN agency staff, about blockchain technology. Set to kick off in 2024, the Algorand Blockchain Academy plans to give UNDP staff a solid grounding in blockchain through…
The UAE and China have renewed their agreement to swap currencies and signed a memorandum of understanding (MoU) to develop digital currencies backed by their central banks. The MoU, worth 18 billion dirhams for the next five years, aims to boost financial ties and trade between the two countries. The Central Bank of the UAE and the People’s Bank of China recently made a big deal official. they’re renewing their agreement to swap currencies between their countries. On top of that, they put pen to paper on a memorandum of understanding (MoU) that’s all about joining forces on the technical…