WhiteBIT partners with Saudi Royal Holding on national blockchain projects

WhiteBIT, the largest European cryptocurrency exchange by traffic, has entered into a strategic cooperation agreement with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud, to drive the Kingdom’s advancement in blockchain technology, digital finance, and data infrastructure.

Can BlackRock’s Saudi Arabia Expansion Drive Bitcoin ETF Adoption in the Middle East?

BlackRock, the world's largest asset manager, is making strategic moves in the Kingdom of Saudi Arabia to expand its foothold in the Middle East.

The Sandbox partners with Nuqtah to boost Web3 adoption in Saudi Arabia

The Sandbox, Nuqtah and Sandsoft have partnered to promote Web3 and metaverse adoption in Saudi Arabia and MENA region. Nuqtah will list SAND land and avatars on its NFT marketplace. Web3 adoption in Saudi Arabia is set for a significant boost after metaverse firm The Sandbox and its partner, mobile-first game developer Sandsoft, inked a […] The post The Sandbox partners with Nuqtah to boost Web3 adoption in Saudi Arabia appeared first on CoinJournal.

Saudi Arabia’s NEOM partners with Animoca, eyes $50m deal

Animoca will develop web3 solutions and establish a hub in Saudi Arabia following the partnership with NEOM Investment Fund. Metaverse and blockchain gaming venture capital firm Animoca Brands has entered into a strategic partnership agreement with the NEOM Investment Fund,…

Saudi Arabia looks to blockchain gaming and Web3 to diversify economy

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.

Saudi Central Bank To Experiment With CBDC

As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its plan to experiment with central bank digital currency (CBDC) alongside local banks and fintech firms in a phase-by-phase project. According to […]

Saudi central bank is still exploring CBDC potential in financial sector

The Saudi Central Bank (SAMA) has announced its ongoing experiment with Central Bank Digital Currencies (CBDCs). SAMA is working with local banks and FinTechs to better realize the potential uses of domestic or national wholesale CBDCs.