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FTX wins full approval to operate crypto exchange in Dubai

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FTX wins full approval to operate crypto exchange in Dubai

Cryptocurrency exchange FTX said on Friday it was fully approved to operate its exchange and clearing house in Dubai, as the Gulf emirate pushes forward with plans to develop its digital asset sector.

The Bahamas-based company said it will start by offering regulated crypto derivatives products and trading services to institutional investors in Dubai as well as operate a nonfungible token marketplace and provide custodial services.

“Our license expands to retail customers as well, however, it will be a gradual scale up to ensure that we approach the retail market within the guidelines set by the Virtual Assets Regulatory Authority (Dubai’s sector regulator),” Balsam Danhach, chief executive officer of FTX, told Reuters.

Read Also: FTX’s CEO Sam Bankman-Fried speaks on crypto uses beyond investment

It said the services would be offered by FTX Exchange FZE, a subsidiary of FTX’s division in Europe and the Middle East.

The United Arab Emirates has been on a mission to become a hub for the virtual asset sector even as regulators elsewhere flag concerns over the technology.

Dubai also granted a virtual asset license to Binance to conduct some operations in the region, following which the crypto exchange has stepped up hiring in the city.

FTX first got a partial license from Dubai in March, when it said it would establish a regional headquarter in the city.

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Lil Poppa Releases “Money Call” | Video Out Now!

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Lil Poppa
Jacksonville, FL rapper and CMG signee, Lil Poppa has released a brand new song and video for track “Money Call” — an explosive track coming just under three minutes that spotlights Poppa’s pension for hard hitting rhymes and melodic hooks. The track will launch f #WildchildWednesdays that will be announced later today. “Money Call” came with an equally emotive music video, watch above or via link here:  http://LilPoppa.lnk.to/MoneyCallVid
In April this year, Poppa announced his signing to one of music’s legendary labels in the making CMG Records and dropped the third instalment of his Under Investigation series. The new single follows this album and hints at all new project in the making. Poppa joins an illustrious roster of artists, including Moneybagg Yo, GloRilla, 42 Dugg, EST Gee, Mozzy, Blac Youngsta and more. Gotti’s CMG label will work with Interscope Records to continue developing Lil Poppa and provide a foundation to further elevate his promising, young career.
 
Listen to “Money Call” by Lil Poppa Across DSPs:
With his powerful wordplay and soulful storytelling, Lil Poppa turns each of his songs into an up-close account of life in his hometown of Jacksonville, FL. At just 18-years-old, he drew major attention for tracks like “Purple Hearts”—an independent release that organically amassed millions of views on Youtube in 2018, all on the strength of Poppa’s straight-from-the-heart delivery and hard-hitting lyrics.
At age 12, he built a makeshift studio in his closet and started self-recording with a laptop and Radio Shack microphone. Poppa began rapping each week at church, joining a group of friends and sharing rhymes with a spiritual bent. With a string of mixtapes under his belt, Poppa made his breakthrough with a pair of singles and he released a string of consistent projects like Almost Normal, Under Investigation II and Blessed, I Guess — all of which racked up praise from the likes of Pitchfork, Hypebeast, XXL, Complex, Hot New Hip Hop and more. Poppa went on to be named SiriusXM’s Hip-Hop Nation’s “First Alert” artist off the back of the project. His brand of soulful rap has a
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Lil Wayne is selling his Miami mansion for $29.5 Million

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Lil Wayne is on the move. (more…)

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Elton John And Britney Spears Release Video For Chart-Topping Smash “Hold Me Closer”

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Elton John And Britney Spears Release Video For Chart-Topping Smash "Hold Me Closer"

Today, Elton John and Britney Spears are thrilled to release the video for one of the biggest songs of 2022 and chart-topping smash hit “Hold Me Closer.” (more…)

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Lil Wayne Celebrates His 40th Birthday With A Star-Studded Party

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Lil Wayne kicked off his 40th birthday celebration with a party fit for rap royalty. Weezy was joined by family and friends during a dinner at The Nice Guy in West Hollywood on Sunday night. (more…)

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South African pioneer Riky Rick posthumously receives inaugural Global Visionary Award at The BET HipHop Awards 2022]

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Global Visionary Award RIKY RICK 1987 %E2%80%93 2022 1X1

Rikhado “Riky Rick” Makhado will be honoured posthumously with the prestigious title his fans have known him to hold ever since he broke into the industry: The Global Visionary Award, during the International Broadcast of the 2022 BET Hip-Hop Awards. The esteemed award recognises and honours champions of culture, including artists, DJs, and music industry professionals who have made ground-breaking efforts to expand the culture of hip-hop on the World Stage. Riky Rick is the inaugural recipient of this award.   

Hosted by Grammy®-nominated recording artist, actor, entrepreneur, and media personality Fat Joe the “BET HIP HOP AWARDS” 2022, will tape from the Cobb Energy Performing Arts Centre in Atlanta, GA, on Friday, September 30, and will premiere Internationally on BET Africa, DStv channel 129 on Wednesday, 05 October 2022 at 02:00 am WAT/ 03:00 am CAT and repeat at 18:30WAT/19:30 CAT.  

“The BET Global Visionary Award comes as a heart-warming opportunity to celebrate Rikhado’s life and his deep love for humanity”, said Louisa Zondo, Riky Rick’s mother. “I see the award as a recognition of the positive impact of the music Rikhado shared with us. The award also highlights how Rikhado used arts and culture as an important and effective pathway for people to truly connect with, care for and be seen by each other.” 

The South African Entrepreneur, Rapper, and Fashion Icon, Riky Rick, has been a force in the music industry since the release of “Nafukwa”, which won an MTV Africa Award for Video of the Year. Riky Rick’s dynamic and prominent voice in SA hip-hop has earned him recognition as a highly regarded creative who has left an indelible mark on the global music scene. He pioneered the independent music wave in SA and beyond, separating from his label and releasing music directly to fans online. His independent ventures achieved much success and inspired other artists to explore a similar path. He is the founder and owner of Cotton Club Records and of Cotton Fest, a platform that celebrates the world of music and fashion.  

“As Riky’s family, we are moved and honoured to receive the BET Global Visionary Award on behalf of our beloved, Riky Rick,” said Bianca Naidoo Makhado, Riky Rick’s wife. “This award honours his work and his name. I am so proud that my husband’s work is still making a positive impact within the entertainment space and that his legacy continues to inspire young creatives. This award reminds us of his love for his fans and for the culture.”  

“Riky Rick means so much to so many of us, not just South African hip-hop fans but globally beyond the mic. His impact in changing the South African hip-hop game to be more inclusive, particularly in encouraging young creatives to take control of their destiny and dare to dream bigger, endures as one of his most influential and lasting legacies. His legacy continues to inspire and together with Bianca, we hope to honour Riky by championing a new generation of black creatives while celebrating his life and what he stood for,” said Monde Twala, Senior Vice president and General Manager, Paramount Africa and Peer Lead, BET International.  

Riky Rick’s untimely passing, due to mental health struggles, is a great loss for many. This Award aims to honour his life, work, and his lasting impact while raising awareness around mental health issues and shedding light on available coping resources. Riky Rick was an innovator in many spheres of culture and the world benefited greatly from his intuitive vision.        

For more information about “BET Hip Hop Awards” including the latest news and updates, visit bet.com/hiphopawards.  

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Global publisher to release first graphic novels from South Africa’s award-winning Triggerfish Animation Studios

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Cover KARIBA

North American independent book publisher Catalyst Press will publish two graphic novels from Cape Town’s world-renowned animation studio next year, its first venture into the literary sphere. (more…)

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