DeFi Project Arabic Cash Offers a Shelter During Correction. Final Round of P...
United Arab Emirates Digital Economy Minister Abdullah bin Tawk al-Marri said cryptocurrency and asset tokenization are key to the country’s plans to double its gross domestic product. This means that new crypto projects will appear in the Arab World in the near future, which will differ in manufacturability, reliability and, most importantly, in scale. One […]
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After six months of development and several months of Private Trading, the Arabic Cash project proved its serious intentions and development prospects. It is rightfully the first independent DeFi created in support of the global “Blockchain Strategy 2021” of the United Arab Emirates. Extra round to 1 Dollar After the full launch of the ABIC […]
The MIT Bitcoin Project has announced the winners of the first round of its BitComp competition, with three teams winning cash prizes. BitComp, which launched last month, is a small MIT-wide competition aimed at encouraging bitcoin innovation among students. The aim of the MIT Bitcoin Project is to make bitcoin more accessible to students at the noted Massachusetts educational institute, and raise awareness of the new technology. It will fully kick off later this fall, when each MIT undergraduate student will receive $100 in bitcoin. Rewarding innovation. In the competition, the MIT....
On March 1, the startup General Protocols announced the company has raised $3 million in a Series A financing round led by a number of strategic investors. General Protocols is the firm behind the Anyhedge protocol, the first decentralized finance (defi) project built on the Bitcoin Cash network. ‘The Untapped Power Behind the Concept of Programmable Money’ The company General Protocols has revealed on Monday the startup has completed a Series A financing round that was funded by a number of investors. News.Bitcoin.com has reported on General Protocols on a number of occasions,....
On August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021. The project’s founder, Semyon Germanovich, explained that the main reason for shutting the defi project down is because of the “changing regulatory outlook on cryptocurrency derivatives.” Defi Project Detoken to Shut Down Operations on September 4 In December 2020, Bitcoin.com News reported on the defi platform called Detoken, a project that allowed users to hedge or long their bitcoin cash (BCH) in a noncustodial fashion.....
Despite the fact that Arab oil is running out, the entire region continues to develop rapidly. The United Arab Emirates (UAE) has created a new economic oasis in the middle of the desert, and now the state is ready to challenge Silicon Valley. The Arab crypto industry is growing faster than local skyscrapers. One of […]