Gemini, a cryptocurrency exchange, is suing Genesis Global for 60 million Grayscale Bitcoin Trust (GBTC) shares linked to its Earn program, worth around $1.6 billion. The lawsuit aims to recover the GBTC shares and reimburse its Earn customers, who experienced difficulties after Genesis froze withdrawals last year. The lawsuit alleges that Genesis intentionally caused harm to Earn users and delayed their digital asset recovery. Gemini, a well-known cryptocurrency exchange, has taken legal action against its former partner, Genesis Global, concerning a substantial sum of 60 million Grayscale Bitcoin Trust (GBTC) shares. These shares were linked to the Gemini Earn program…
Author: Owais
Owais
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.
Float and Sygnum Bank have partnered to introduce the Float Token, a digital representation of private debt assets. The token offers investors an 18-month maturity and a fixed annual interest rate of 14%. It provides exposure to a diversified portfolio of loans to European SaaS and technology SMEs. Float and Sygnum Bank have teamed up to introduce the Float Token, a digital representation of private debt assets that will be exclusively available to Sygnum clients. This token presents an opportunity for investors to engage in a private debt portfolio alongside Fasanara Capital, a well-known institutional fintech credit fund manager. The…
Dubai International Financial Centre (DIFC) Courts and Ras Al Khaimah Digital Assets Oasis (RAK DAO) have partnered to boost the digital economy in the region. The partnership aims to increase awareness and accessibility of DIFC Courts’ digital economy services to businesses within the newly established digital economy freezone in Ras Al Khaimah. The partnership also aims to foster cooperation on projects aligned with the UAE’s vision for a robust digital economy. The Dubai International Financial Centre (DIFC) Courts have taken a momentous step in bolstering the digital economy in the region by entering into a partnership with Ras Al Khaimah…
Bayanat, a leading provider of AI-driven geospatial solutions, has formed two significant partnerships with Xcalibur Multiphysics and Teledyne Geospatial. The SAVI Cluster in Abu Dhabi aims to develop autonomous air, land, and sea vehicles, contributing AED90-AED120 billion to the UAE’s economy and creating 30,000-50,000 jobs. Bayanat and Teledyne Geospatial will introduce advanced autonomous survey technologies, including artificial intelligence, near real-time computing, digital twins, and digital mapping. Bayanat, a publicly traded company listed on the Abu Dhabi Securities Exchange (ADX) and a prominent provider of AI-driven geospatial solutions, has entered into two significant partnerships with industry leaders Xcalibur Multiphysics and Teledyne…
Saudi Crown Prince Mohammed bin Salman, known as MBS, recently introduced the “Esports World Cup,” signaling Saudi Arabia’s continued commitment to sports and investments in the video game industry. This prestigious event is set to become an annual fixture, kicking off in Riyadh during the summer of 2024, featuring a lineup of popular video games across various genres. MBS proclaimed that this competition would be the largest of its kind worldwide, offering the most substantial prize pool in the history of eSports. In a recent and widely publicized event, Cristiano Ronaldo, the renowned Portuguese football star now playing for the…
Vitalik Buterin, one of the co-founders of Ethereum, recently engaged in an Ask Me Anything (AMA) session on the Farcaster platform. During this session, a user posed an intriguing question about the potential risks and challenges at the intersection of cryptocurrency, privacy, and open internet infrastructure. Buterin’s response was forthright and insightful, highlighting the importance of preventing stagnation in the cryptocurrency space. He stressed that it is vital not to let critical aspects like privacy and open internet infrastructure fall by the wayside. Another participant in the AMA sought to delve into Buterin’s thoughts and understand what occupies his mind…
EU regulators have introduced stricter rules for crypto shareholders, as part of the Markets in Crypto Assets regulation (MiCA), set to take effect by December 2024. The regulations aim to increase transparency and accountability in the crypto industry, targeting individuals or entities holding over 10% stakes in crypto companies. European Union (EU) regulators have unveiled a set of comprehensive rules with the aim of bringing more transparency and accountability to the crypto industry. The proposed regulations, part of the forthcoming Markets in Crypto Assets regulation (MiCA), which is expected to take effect by December 2024, target individuals or entities holding…
The Sandbox, a popular decentralized gaming virtual world, and a subsidiary of Animoca Brands, has joined forces with Sandsoft, a mobile-centric game developer, publisher, and investor located in Riyadh, Saudi Arabia, known for its high-caliber talent pool. This collaboration marks an exciting venture for The Sandbox as it aims to expand its presence into Saudi Arabia and the broader Middle Eastern gaming markets. The partnership is poised to play a crucial role in not only attracting local gaming talent but also in fostering educational and employment opportunities in the region. The primary goal of this partnership is to assemble a…
Roland Berger has joined forces with The DFINITY Foundation, a Swiss non-profit organization renowned for its extensive work on the Internet Computer Blockchain and numerous patents in the blockchain field. Together, their goal is to develop the groundwork for the world’s first global recycling incentive standard, powered by blockchain technology, ensuring a secure and transparent system to track recycling credits. This initiative takes inspiration from the Voluntary Emission Reduction (VER) model in the carbon market. The VRC (Voluntary Recycling Credit) standard is essentially a unit associated with a specific quantity of recycled materials, like aluminum or plastic. The integration of…
Dubai’s DMCC has partnered with the Solana Foundation to enhance decentralization, adoption, and security within the Solana network. The partnership will provide technical and business development support to DMCC Crypto Centre members, extend its grant program to DMCC companies, and collaborate on educational initiatives. Solana will establish a presence within the DMCC Crypto Centre, engaging with over 23,000 companies in the DMCC business district. The DMCC, a significant free trade zone and a key authority for commodities trading and business in Dubai, has established a partnership with the Solana Foundation, an organization committed to advancing decentralization, adoption, and security within…