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Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt

News Saudi Arabia’s state oil company, Saudi Aramco, has bought into the blockchain-based oil trading company Vakt, Reuters reports on Jan. 28. Saudi Aramco’s Energy Ventures branch has bought $5 million in new shares, according to Vakt’s press release. The investment will be used to develop the p..

Soccer Teams Like Juventus Look to Score With Blockchain Push

Analysis On Dec. 2, Italian soccer giant Juventus revealed that the long wait for its much-hyped fan token had finally come to an end. In regard to the matter, news of the deal first came to light back in 2018, when it was revealed that the token would allow holders to take part in a host of votin..

Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance

News The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating: “Islamic enterprises will no..

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

News Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securitiesAccording to a press release on Aug. 28, Wethaq’..

Islamic Finance Expert: ‘Halal Coin’ a Matter of Time and Awareness

News The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to an Islamic finance expert based in Malaysia. Skepticism of crypto stems from uncertaintySuhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skeptici..

Bittrex Launches Crypto Platform for Middle East Following New Partnership

News Bittrex cryptocurrency exchange is partnering with Bahrain-based crypto exchange and custodian provider Rain Management WLL to launch a digital asset trading platform for customers in the Middle East and North Africa (MENA). The new platform will purportedly combine Rain’s staff and expertise..

Middle East Blockchain Development Primed to Lead the Global Industry

The United Arab Emirates is currently spearheading the Gulf crypto revolution, Ethereum seeks partnership ties

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