Analysis
From Argentina to Malaysia, at least five figureheads have become involved in memecoin drama since US President Donald Trump launched his own on Jan. 18.
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Saudi Arabia News
The Kingdom of Saudi Arabia is a western Asian Islamic country with an area of a little more than two million square kilometers and a population of 33 million people. Saudi Arabia has a petroleum-based command economy that produces one of the largest GDPs in the world, steadily being in the top-20 countries in terms of GDP. Bitcoin is legal is Saudi Arabia. One can exchange and buy Bitcoin in Saudi Arabia. However, the financial authorities of Saudi Arabia issued a warning on Bitcoin trading and offer no protections for cryptocurrency-related losses. There are ATMs for Bitcoin in Saudi Arabia and maintained Bitcoin exchanges. The government of the country is currently liberalizing its political and economic structure, making Saudi Arabia more welcoming for foreign investments and emerging startups. The highly profitable economy may become a solid foundation for future technological development.
- News
Scammers impersonating Saudi Arabia’s crown prince launched a fake KSA memecoin, exploiting investor enthusiasm for celebrity-backed tokens. Officials have confirmed the account was hacked.
3874 - News
Saudi Arabia has committed $14.9 billion to AI through global tech partnerships, including Google, Lenovo and Alibaba, as it aims to become a regional AI hub.
4276 - News
Bitcoin’s recent surge over $90,000 has pushed its market cap past Saudi Aramco, solidifying its position among top global assets.
19578 - News
The global competition for AI supremacy intensifies as companies consider relocating and countries offer incentives to attract AI talent.
4667 - News
If the $40 billion fund goes ahead, it would make Saudi Arabia the largest investor in the AI space.
7725 - News
The Saudi government’s Cultural Universe metaverse initiative takes a user through the long history of Saudi Arabia dating back to 1727.
21966 - Interview
LandVault CEO Samuel Huber explained that the “era of hype” back in 2021 was just a prototype of what the metaverse truly is.
2266 - News
Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets.
3637 - News
They have signed a memorandum of understanding on digital asset investment and semiconductor production.
16209 - News
Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal.
4389 - News
Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried’s criminal trial, delving into potential investments prior to FTX’s bankruptcy.
9590 - News
A university in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused AI system called AceGPT.
3757 - Analysis
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
9852 - News
The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.
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