Dubai is one of the most advanced countries in the world. The cryptocurrency sector is no exception. Dubai is one the countries that is cryptocurrency "friendly" and is embracing the technology of blockchain. However, the risks associated with altcoins are rising. The police in Dubai warned the community that users and investors can expect fraud,…
Read moreDubai is undoubtedly one of the most famous destinations for tourists from around the world. Blockchain is now entering the "game" in Dubai. The Dubai Department of Tourism and Commerce Marketing, or for short - DTCM has just launched a blockchain platform called Tourism 2.0, which allows tour operators and hotels and the like to…
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Dubai's government is the first one in the world to conduct all transactions through blockchain. The Dubai Land Department has gone completely "cashless" as part of the initiative "Dubai Blockchain Strategy" launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees of Dubai Foundation…
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Dubai is yet another "big player" to join the cryptocurrency craze with its launch of its first ever state cryptocurrency - the emCash. According to Arabian Business Magazine, people will be able to pay for various government and non-government services in Dubai with emCash. The name of emCash comes from the the subsidiary of Dubai…
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Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, today announced Trading Technologies now offers connectivity to Dubai Gold & Commodities Exchange (DGCX) through its TT trading platform. With this new connection, commodity and currency derivatives traders can utilize TT’s robust functionality, including the TT Mobile applications for iOS and Android…
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The National, a UAE English news source reported today of an FX trading investment scam proposing returns up to 120%. It is believed that more than 6,000 investors deposited about US$300 million (Dh1.1 billion) to the perpetrators. Specifically, investors say they have lost millions of dirhams in a Dubai Forex scam and have now turned…
Read moreThe Dubai Gold and Commodities Exchange (DGCX) reported volume metrics today for July with the exchange reported it has crossed over 11 million contracts this year already, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year (YoY) increase of 47%, driven largely by elevated trade volumes…
Read moreFinancial regulators have shut down a foreign exchange trading scheme in Dubai that promised investors they could more than double their money. Exential Group in Dubai Media City was ordered to cease trading on Sunday as the Department of Economic Development (DED) investigates complaints by clients that due payments had dried up. The company promised…
Read moreThe Dubai Gold & Commodities Exchange (DGCX) today announces that multi-asset trading software and services specialist Stellar Trading Systems has become an approved Independent Software Vendor (ISV) on the Exchange. Stellar Trading Systems hosts its infrastructure at DGCX colocation facility to deliver its market making, low-latency order routing and algorithmic trading solutions to DGCX members.…
Read moreMubasher Financial Services (MFS), one of the Middle East's leading brokerage service providers for professional investors announced today the launch of the new trading platform, MTrade-Plus. A new addition to Mubasher Financial Services product offerings, MTrade-Plus provides a solid and efficient platform aimed to support retail and institutional investors. MTrade-Plus is a touch-optimized, multi-functional platform that applies creative…
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