Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Binance Academy and Pakistan MoITT partner to train 300 educators and 80,000 students in blockchain by 2026, strengthening Pakistan’s Web3 talent pipeline and digital economy.
Al Abraaj Restaurants Group B.S.C. has become the first publicly traded company in the GCC to acquire Bitcoin as a treasury asset, partnering with 10X Capital to expand its holdings. This move pioneers shari’a-compliant Bitcoin exposure, supports Bahrain’s regulatory framework, and offers GCC investors access to digital assets via the Bahrain Bourse.
BitOasis, the Middle Eastern arm of CoinDCX, has launched in Bahrain, marking a significant step in its expansion across the MENA region. With Bahrain’s favorable regulatory environment, the move positions BitOasis for future growth in the region, empowering individuals to engage in the digital economy and expanding crypto adoption.
Kuwait has launched a crackdown on cryptocurrency miners, accusing them of contributing to power shortages that cause blackouts. The operation has targeted homes in Al-Wafrah, with energy consumption in the area falling by 55%. Despite no laws specifically regulating mining, Kuwait aims to ease pressure on its power grid.
Abu Dhabi’s IHC, ADQ, and First Abu Dhabi Bank (FAB) have unveiled a Dirham-backed stablecoin, pending regulatory approval by the UAE Central Bank. The stablecoin, running on the ADI blockchain, aims to enhance the UAE’s digital finance sector, offering secure, stable payment solutions for businesses and consumers.
Algeria is partnering with Lamina1 to build digital infrastructure centered on blockchain and immersive media. The project focuses on supporting creators, gaming, education, and IP ownership. With backing from the government, it aims to position Algeria as a tech hub in Africa, using Lamina1’s platform for content-driven digital economies.
Bithumb has issued a security alert after a data breach at SK Telecom, South Korea’s largest mobile carrier. The breach, caused by malware, potentially exposed user data, prompting Bithumb to implement stronger security measures and increase monitoring to prevent unauthorized access. SK Telecom confirmed the breach but reassured customers.
UAE-based Resolv Labs, founded in 2023, focuses on delta-neutral strategies for low-risk cryptocurrency investments. The startup has raised $10 million in seed funding to enhance its platform and expand operations, offering secure and stable investment options for crypto enthusiasts.
Kratos Gaming Network (KGeN), formerly IndiGG, has expanded into the MENA region with a new headquarters in Bahrain. This move aims to tap into the growing gaming and Web3 sectors, offering services like the Proof of Gamer identity system. KGeN plans to form key partnerships in AI and Web3.
Pakistan is exploring the use of excess electricity to power Bitcoin mining and AI data centres, leveraging its surplus energy while tapping into the growing tech economy. The initiative aims to optimize underutilized power generation, boost digital infrastructure, and create jobs through blockchain and AI technology.