finance

Coinweb has closed $2M fundraising round from Sava Investment Management

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Time Stamp: April 3, 2023 12:57 PM - Modified On: April 3, 2023 - Published By:
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Coinweb, a layer two cross-chain computation platform, has been in development since 2017. Some of the founders, early contributors, and previous team members who are no longer actively involved in the project have agreed to sell their holdings. Hong Kong, 5th April 2023 -SAVA Investment Management, a licensed fund manager registered in the Cayman Islands and British Virgin Islands, has partnered with Coinweb to buy back 6% of the total supply of CWEB tokens. Johan Ditz Lemche, Managing Director of SAVA Investment Management, said “We are delighted to support and

Paribus: Next Steps

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Time Stamp: March 31, 2023 4:23 PM - Modified On: March 31, 2023 - Published By:
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Now that our Mainnet V1 is live some people may be thinking that it’s time for the team to put their feet up and enjoy a well earned rest. They couldn’t be further from the truth. Rather than this huge milestone signifying the end, it marks the beginning of our main work. Over the coming weeks we’ll be continuing our marketing and development at pace. As we progress we’ll be sharing more details of the next features and iterations we’ll be adding to the protocol. When we launched on mainnet

Paribus: Mainnet Ver.1 Live

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Time Stamp: March 28, 2023 4:18 PM - Modified On: March 28, 2023 - Published By:
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The creators of a brand new cross-chain decentralized borrowing and lending protocol are set to release their Mainnet v1 today, March 28th. The launch marks the first step in their journey to be the go-to borrowing and lending platform for NFTs. Initially, the protocol will offer wBTC, ETH, and USDT, however, engineers are currently working on integrating NFTs into the next iteration of the protocol. The unique approach Paribus takes toward these more exotic assets is to leverage artificial intelligence (AI) and machine learning (ML) systems to assess an accurate

Paribus. The Fragility of Finance.

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Time Stamp: March 25, 2023 7:30 AM - Modified On: March 25, 2023 - Published By:
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Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

World Blockchain Summit Set the Stage for a Decentralized Future with Ground-breaking Insights and Collaborations

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Time Stamp: March 23, 2023 7:31 AM - Modified On: March 23, 2023 - Published By:
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DUBAI, Mar 23, 2023 - (ACN Newswire) - The 24th edition of World Blockchain Summit - Dubai 2023, under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, brought over 2,000 industry leaders, technology pioneers, and institutional web3 investors, all under one roof. Photo credit – Sandeep Nailwal, Co-Founder, Polygon Labs speaking at World Blockchain Summit Dubai, March 2023 The event opened with the Start-up Grand Slam Pitch Competition that featured some of the most exciting new projects entering the market and was judged by a jury comprising global investment leaders like Woodstock,

DexCoyote, a rising star in the venture capital market, has published a semi-annual report, revealed figures and announced a move to the UAE.

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Time Stamp: March 21, 2023 5:41 AM - Modified On: March 21, 2023 - Published By:
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Previously, the legal entity DexCoyote was registered in the United States, Delaware and did not have a centralized headquarters, most of the employees remained anonymous. Now the company plans to change its registration to the United Arab Emirates and set up a headquarters for developers in Baku. March 14 CEO Lama Group inc. (Legal entity of the DexCoyote.com project) - Kirill Sagitov, published information about the company's relocation to the United Arab Emirates, which caused a wave of interest among the company's shareholders and investors. In the semi-annual report, DexCoyote

Turkish Arab Financial Forum to be held on March 13, 2023

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Time Stamp: March 10, 2023 6:25 AM - Modified On: March 10, 2023 - Published By:
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March 10, 2023 - Dubai, UAE: Crypto Oasis will be participating in the upcoming Turkish Arab Financial Forum to be held on March 13, 2023, at the Grand Hyatt Dubai. The event is being organized by Al-Iktissad Wal-Aamal Group in collaboration with the Ministry of Treasury and Finance of Türkiye and the Republic of Türkiye Investment Office and Unlock Blockchain. The forum aims to bring together high-level participants from Türkiye and the Arab world, including senior government officials, investors, VCs, asset managers, private equity firms, Fintech leaders, finance and investment leaders, investment bankers,

Navigating the Regulatory Landscape: KARM Legal Releases a Report Assessing Regulatory Framework for Virtual Assets

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Time Stamp: March 8, 2023 2:25 PM - Modified On: March 8, 2023 - Published By:
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The UAE's Pioneering Efforts in Blockchain and Crypto are Shaping the Future of Finance. March 8, 2023, Dubai, The United Arab Emirates- KARM Legal Consultants, a leading law firm specializing in Blockchain, Cryptocurrency, Web3 & Fintech in the UAE has, in collaboration with prominent legal experts – Mr. Eric Hess (Hess Legal Counsel), Mr. Jonathan Geen, Mr. Andreas Glarner (MME) and Mr. Thomas Nagele (Nagele Attorneys) and the regional Blockchain Ecosystem Crypto Oasis, published a new report analyzing the regulatory landscape for virtual assets in various jurisdictions. The report was

Verofax to raise US$750,000 on Beban Crowdfunding Platform

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Time Stamp: March 5, 2023 11:34 AM - Modified On: March 5, 2023 - Published By:
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- Offering GCC retail investors interactive access to private equity investment opportunities BAHRAIN, Mar 5, 2023 - (ACN Newswire) - Verofax, the leader in brand marketing and AI-powered solutions for enterprise, was featured on Beban 2 (Episode 9, Mar 1, 2023), the hit entrepreneur & investment-themed reality TV program airing on Bahrain TV, Alrai TV and Dubai TV, as well as Shahid, the region's largest video-on-demand platform.   Wassim Merheby, CEO & Co-Founder, and Jamil Zablah, CMO & Co-Founder, Veromax, a product winning SaaS provider helping brands achieve growth by turning offline products interactive

xBacked Launches xUSD, a 110% Over-Collateralised Stablecoin for Algorand Positioned to Transform the DeFi Realm

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Time Stamp: January 17, 2023 4:29 AM - Modified On: January 17, 2023 - Published By:
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MEDIA RELEASE xBacked is a permissionless over-collateralized stablecoin protocol built on Algorand that allows anyone to use cryptocurrency without the volatility xBacked's decentralised stablecoin xUSD is available now to be minted on the platform, and aims to maintain a stable value of $1 USD backed by assets in the basket Stability pool, on-chain governance and TGE (token generation event) will be available in the coming months 17 JANUARY 2023: Launching today, xBacked is set to raise the bar with its over-collateralized stablecoin, xUSD. Built on Algorand and backed by multiple

Paribus. After the storm.

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Time Stamp: December 21, 2022 2:39 AM - Modified On: December 21, 2022 - Published By:
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If the global financial system is an ocean and the ships on it represent the different markets, crypto would be the equivalent of a small boat tossed around by the storms we’ve experienced this year. Whatever happens with the development of the technology it’s impossible to avoid the effects of global shifts as we saw last week with the Federal Reserve’s latest rate hike. Even though the news from the Fed was exactly what markets had anticipated and priced in, the response was turbulent which caused more moves to the