logo
Dubai to host second edition of Middle East Blockchain Awards

Dubai to host second edition of Middle East Blockchain Awards

Gulf Business05-02-2025

Image credit: Getty Images
The Middle East Blockchain Awards (MEBA) returns for its second year, with Dubai selected as the host city. The ceremony will take place at the Burj Al Arab on April 29, coinciding with the TOKEN2049 conference. The event will bring together industry professionals to recognise achievements in blockchain and cryptocurrency.
MEBA 2025 comes as blockchain adoption continues to grow across the MENA region. Recent data from Chainalysis ranks the region as the world's seventh-largest cryptocurrency market. Between July 2023 and June 2024, MENA recorded an estimated on-chain transaction value of $338.7bn, representing 7.5 per cent of global volume.
The UAE has positioned itself as a key player in digital asset adoption. According to Henley & Partners, the UAE ranks third globally in digital currency usage. Chainalysis data shows the UAE received approximately $34bn in cryptocurrencies between June 2023 and July 2024, marking a 42 per cent year-on-year increase. Cities such as Dubai have played a role in fostering blockchain-related initiatives.
Max Palethorpe, Founder and CEO of Hoko Group, the official organiser of MEBA, said: 'The Middle East Blockchain Awards provides a platform to recognise achievements in blockchain and digital transformation. With the UAE leading developments in Web 3.0, this year's event will highlight the work of industry leaders shaping the sector's future.'
Returning as a judge for the second year, Dr. Marwan Al Zarouni, CEO of AI for Dubai at the Department of Economy and Tourism and CEO of Dubai Blockchain Centre, said: 'I am pleased to be part of the judging panel again and to witness the continued development of blockchain technologies in the MENA region. The UAE's regulatory approach and innovation ecosystem are driving adoption across Web 3.0 technologies.'
Other judges for this year's Middle East Blockchain Awards include:
Jumana Al Darwish, Social Entrepreneur and Founder of Happy Box
Scott Melker, Host of
The Wolf of All Streets
Podcast and
Crypto TownHall
Mario Nawfal, Host of
Largest Show on X
and Founder of International Blockchain Consulting Group
Saqr Ereiqat, Secretary General of Dubai Digital Assets Association and Co-Founder of Crypto Oasis
Matthies Mende, Founder and CEO of Bonuz and Co-Founder of Dubai Blockchain Center
MEBA seeks to highlight innovation and excellence in blockchain and Web 3.0 projects across the region. In 2023, its inaugural edition partnered with Abu Dhabi Global Market's Abu Dhabi Finance Week and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).
Submissions are now open at

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tenable reveals Global Partner Award winners
Tenable reveals Global Partner Award winners

Tahawul Tech

time5 days ago

  • Tahawul Tech

Tenable reveals Global Partner Award winners

Tenable®, the exposure management company, recently announced the recipients of its Global Partner Awards during Tenable AssureWorld — the company's fifth annual virtual partner conference. Those honoured this year include IBM — Global System Integrator of the Year; Siemens Energy — Tenable OT Security Partner of the Year; Telefonica — MSSP Partner of the Year; and AWS — Global Technology Partner of the Year. Tenable also crowned its regional Partners of the Year which recognises those partners who consistently surpass expectations in collaboration and contribution throughout the year. This year's winners are: Asia Pacific and Japan – DXC Europe, the Middle East and Africa – Softcat (UKI) Latin America – Global Sec Tecnologia North America – CDW Public Sector – SHI 'As a partner-first company, Tenable is hyper-focused on investing in and supporting channel partners, promoting collective success', said Jeff Brooks, Senior Vice President of Global Channels, Tenable. 'Our Global Partner Awards recognise partners whose dedication and collaboration with Tenable deliver truly exceptional outcomes in helping customers eradicate priority cyber weaknesses and protect against attacks'. Tenable AssureWorld is an exclusive event that allows Tenable and its partners to come together to learn and share information. The conference provides insights from top executives on Tenable's vision, revenue strategy, customer-focused business strategy, product roadmap, and other key areas of cybersecurity. In addition to providing resellers, distributors, MSSPs, and systems integrators with innovative exposure management solutions, the Tenable Assure Partner Program arms partners with sales and marketing assistance, training and certification opportunities, services-delivery certification and technical support to grow their business and deliver exceptional exposure management and risk mitigation. More information on the Tenable Assure Partner Program is available at: Image Credit: Tenable

SEC Draws Boundary on Meme Coin Oversight Amid TRUMP Token Turmoil
SEC Draws Boundary on Meme Coin Oversight Amid TRUMP Token Turmoil

Arabian Post

time5 days ago

  • Arabian Post

SEC Draws Boundary on Meme Coin Oversight Amid TRUMP Token Turmoil

The U.S. Securities and Exchange Commission has clarified that meme coins, including the TRUMP token, generally fall outside its regulatory jurisdiction, leaving investors without traditional protections. This stance comes as the TRUMP token, launched on January 17, 2025, experienced a dramatic 80% decline from its peak of $72.60, resulting in approximately $2 billion in investor losses, according to Chainalysis. SEC Commissioner Hester Peirce, leading the agency's crypto task force, emphasized that many meme coins do not meet the criteria of securities under existing laws. She stated that these tokens are often more akin to collectibles, lacking the characteristics that would subject them to SEC oversight. The SEC's Division of Corporate Finance reinforced this view in a staff statement, noting that meme coins typically do not satisfy the Howey Test, which determines what qualifies as a security. Despite the SEC's position, the TRUMP token's rapid rise and fall have raised concerns. Launched by President Donald Trump, the token's market capitalization soared to $14.5 billion before plummeting to $3 billion. While investors faced significant losses, the Trump Organization and its partners reportedly earned around $100 million in trading fees. ADVERTISEMENT The SEC's approach marks a shift from previous enforcement strategies. Under former Chair Gary Gensler, the agency pursued aggressive actions against crypto entities. However, the current administration, with Peirce at the helm of crypto regulation, is moving towards establishing clear policies rather than relying on enforcement. This change aims to provide a more innovation-friendly environment for digital assets. Critics argue that the lack of regulatory oversight for meme coins leaves investors vulnerable to market manipulation and fraud. They point to the TRUMP token's volatility and the significant profits earned by its promoters as evidence of potential exploitation. Ethics experts have also raised concerns about conflicts of interest, given President Trump's dual role as a political leader and a crypto entrepreneur. In response to these developments, some lawmakers are calling for greater transparency and regulation. Representative Jamie Raskin has launched an investigation into a private dinner hosted by President Trump for top investors in the TRUMP token, citing potential ethical and legal issues. The event allowed investors who purchased large amounts of the token to attend, with many top holders' identities remaining anonymous. While the SEC maintains that it is not a 'merit regulator' and does not endorse or evaluate the quality of investments, the agency's stance on meme coins underscores the importance of investor due diligence. As the crypto market continues to evolve, the balance between fostering innovation and protecting investors remains a contentious issue.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store