Blockchain
World Blockchain Summit Back in Dubai at Atlantis The Palm Under the Patronage of HH Sheikh Juma Ahmed Juma Al Maktoum
Dubai, United Arab Emirates–(Newsfile Corp. – September 29, 2022) – World Blockchain Summit (WBS), the largest global series of blockchain, crypto and web3 events, is coming back to Dubai on October 17-18 at the Atlantis the Palm.
World Blockchain Summit, Dubai
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Held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, member of the ruling family of Dubai, WBS Dubai is hosting the most influential thought leaders on blockchain, Crypto, NFT, Web 3.0, and the metaverse to explore the market’s effects on commerce, banking, gaming, culture, and community development.
Dubai is known for its welcoming stance on crypto and blockchain technology. This is evident in its ease of regulations for crypto and blockchain technologies making it great for foreign companies looking to set up shop. This is further backed by the recent approval of the Dubai Virtual Asset Regulation Law providing for a more ‘Crypto-friendly’ structure that fosters investment and growth in blockchain adoption. With over 6000 millionaire residents, the country’s private wealth has risen to over $40 billion making it a hotspot for investments too.
“Dubai is the right place for innovation in the blockchain space. We are happy to be working with WBS to achieve the vision set by the government of Dubai on its Blockchain and Metaverse Strategy.” Commented Furqan Rassul, CEO of Elite Partner Investment.
WBS will bring enlightening sessions discussing the blockchain and crypto space in response to some of today’s most pressing questions in the current industry. It will also feature panel discussions, industry highlights, use-case-studies, fireside chats and more.
Mohammed Saleem, Founder and CEO of WBS noted “Dubai has positioned itself perfectly as one of the most crypto and blockchain friendly destinations in the world. With all the recent announcements around new crypto licenses being issued, Dubai Metaverse Strategy and more, we are super excited to be bringing WBS back to Dubai this October as we host some of the world’s leading experts to share their insights and showcase the latest innovations in the space.”
Speakers in focus include:
- FURQAN RASSUL, CEO, Elite partner Investment LLC.
- DR MARWAN ALZAROUNI, CEO, Dubai, Blockchain Center
- RALF GLABISCHNIG, Founder, Crypto Oasis, CV VC
- TALAL TABBAA, Chief Executive Officer, CoinMENA
- PAUL VERADITTAKIT, Partner, Pantera Capital
- DR JEMMA GREEN Co-Founder & Executive Chairman Powerledger
- SABINIJE VON GAFFKE Founder, IMPACTFULNESS Ventures Head of Sustainability, Nibiru Software AB
- SHERAZ AHMED, Co-Executive Director | Head of Business Development, Crypto Valley Association
“The landscape of trust is changing and blockchain is arriving to fill the gaps” added Dr Jemma Green, Cofounder and Chairman of Powerledger.
Luna PR is WBS’ official PR Partner, whilst some of the global blockchain and web3 experts sponsoring the event are DIG (Decentralised Investment Group) as Headline Sponsor, Coinstore and Aura Dogs as Silver Sponsors and Dreamster as Exhibitor. Crypto Oasis is the Ecosystem Partner, whilst Media Partners at the event include Bitcoin World, BinBits, Coinspeaker, CoinTelegraph MENA, Cointelegram, Coinveestasi, Crypto-Academy, Regtech Times, Security Middle East, The Cryptonomist and The Jordan Times.
About Elite Partner Investment
Elite Partner Investment is a UAE-based Investment Management company with interests in technology, mining, energy, and real estate chaired by HH Sheikh Juma Ahmed Juma Al Maktoum. Areas of the group’s interest include early-stage technology and creating value through innovation and synergies. His Highness enables the company and its partners to access and work at the highest level with government and leading multinationals around the globe; enabling them to grow, expand and access new markets.
About World Blockchain Summit
World Blockchain Summit (WBS) is a global series of blockchain, crypto, web3 and metaverse focused events that has brought together over 20,000 industry influencers, investors, enterprise decision makers and Government stakeholders through physical events hosted in over 16 countries.
WBS is dedicated to fostering the growth of the decentralised economy through community development, boosting technological innovation with access to capital, and enabling enterprise and Government adoption of web3 technologies through deal facilitation. Each summit features enterprise and government use-cases, inspirational keynotes, panel discussions, tech-talks, a blockchain exhibition, startup pitch competitions, and a host of networking opportunities.
Other upcoming platforms organised by WBS Events in 2022 include the World Metaverse Show taking place on October 5-6 in Dubai, the World Blockchain Summit Toronto, taking place in November, and the World Blockchain Summit Bangkok in December.
For more information and tickets, visit www.worldblockchainsummit.com
Contact details:
Elisha Patel, Luna PR
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138839
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Blocks & Headlines: Today in Blockchain – May 26, 2025 (Lightchain AI, Cetus Hack, Bilal Bin Saqib, The Blockchain Group)

In an era defined by rapid innovation and heightened security scrutiny, today’s blockchain headlines span breakthroughs in decentralized AI, hard lessons from a major DeFi exploit, strategic government appointments, and enhanced governance mechanisms at a leading Bitcoin-focused firm. This op-ed–style briefing analyzes five key developments, offering insights into their broader impact on blockchain, cryptocurrency, Web3, DeFi, and NFTs.
1. Lightchain AI: A Decentralized “Brain” Takes Shape
Source: Bitcoin.com News
What Happened:
Lightchain AI, positioning itself as an Ethereum challenger, is preparing to launch a fully decentralized AI compute network—what its creators dub a “blockchain brain.” By distributing inference and training tasks across a peer-to-peer network, Lightchain aims to eliminate single-entity control, democratize access to AI, and reduce bias introduced by centralized data silos.
Why It Matters:
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Decentralization at Scale: If successful, Lightchain’s model could shift AI development from corporate labs to open networks, mirroring blockchain’s initial ethos.
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Incentivized Participation: Token-based rewards for node operators may drive robust network security and uptime.
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Interoperability Potential: As an EVM-compatible layer, Lightchain could integrate seamlessly with existing DeFi and NFT protocols.
Opinion: Decentralized AI addresses growing concerns over data monopolies and opaque algorithms. Yet technical challenges—latency, model consistency, and economic sustainability—remain formidable. The blockchain community will watch closely to see if Lightchain can harmonize on-chain governance with rigorous AI‐safety standards.
2. Cetus Protocol Hack: Overflow Flaw Exposes $223M Loss
Source: Cointelegraph; Crypto.news
What Happened:
Blockchain security firm Dedaub released a detailed post-mortem of the Cetus AMM hack, attributing the $223 million user loss to an unchecked integer overflow in its liquidity-parameter calculations. Attackers manipulated swap parameters to drain funds before on-chain checks could intervene.
Why It Matters:
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Smart-Contract Audits Aren’t Enough: Even audited code can harbor edge-case bugs; continuous monitoring and formal verification are critical.
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Economic Risks: Large losses erode user trust and can precipitate token price crashes across interconnected DeFi protocols.
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Evolving Attack Vectors: Overflow exploits highlight that attackers still exploit fundamental coding oversights, not just novel zero-days.
Opinion: The Cetus incident underscores the precarious balance between rapid DeFi innovation and rigorous security. Protocol developers must adopt layered defenses—automated fuzzing, invariant checks, and circuit breakers—to safeguard user assets and maintain ecosystem integrity.
3. Pakistan Appoints Bilal Bin Saqib as SAPM on Blockchain & Crypto
Source: Dunya News; The Express Tribune
What Happened:
Prime Minister Shehbaz Sharif has named Bilal Bin Saqib—already CEO and Chief Advisor of the Pakistan Crypto Council—as Special Assistant to the PM (SAPM) on blockchain and cryptocurrency, with state-minister status. His remit includes crafting a FATF-compliant regulatory framework, overseeing virtual asset service providers, and spearheading Bitcoin-mining initiatives.
Why It Matters:
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Policy Leadership: A dedicated SAPM accelerates Pakistan’s efforts to balance innovation with investor protection and anti-money-laundering compliance.
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Economic Potential: Formalizing crypto policy could attract foreign investment and foster homegrown blockchain startups.
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Talent Development: Saqib’s role may amplify educational programs and public–private partnerships to upskill the workforce in Web3 technologies.
Opinion: Elevating blockchain policy to a ministerial level signals Pakistan’s commitment to a forward-looking digital economy. Success will hinge on clear, consistent regulations that protect stakeholders without stifling experimentation.
4. The Blockchain Group Enables Online Voting for June 10 AGM
Source: ActusNews; Webdisclosure
What Happened:
Europe’s first Bitcoin Treasury Company, The Blockchain Group (Euronext Growth Paris), has opened online voting for its Combined General Meeting on June 10, 2025. Shareholders will vote on the 2024 financial statements and a proposal to increase the company’s capital-raising capacity to €10 billion, supporting its aggressive Bitcoin-accumulation strategy.
Why It Matters:
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Enhanced Governance: Online voting increases shareholder engagement and transparency—critical in a sector often criticized for opaque decision-making.
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Capital Flexibility: A €10 billion envelope equips the company to scale Bitcoin holdings or pursue strategic acquisitions rapidly.
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Market Signaling: By involving retail and institutional investors directly, The Blockchain Group underscores its vision of community-driven growth.
Opinion: This move exemplifies how blockchain firms can leverage digital tools to align corporate governance with on-chain principles of decentralization and stakeholder empowerment. As other public crypto companies observe, robust e-voting frameworks could become a competitive differentiator.
5. Bilal Bin Saqib’s Dual Role: Bridging Policy and Industry
Source: Geo.tv; Dawn.com
What Happened:
Beyond his SAPM appointment, Bilal Bin Saqib continues as CEO of the Pakistan Crypto Council (PCC), advising the Finance Minister. His portfolio spans licensing and oversight of Virtual Asset Service Providers (VASPs), FATF-aligned regulations, and launching Bitcoin-mining corridors to utilize surplus energy.
Why It Matters:
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Policy-Industry Synergy: Saqib’s dual hats ensure real-time feedback between nascent regulations and market realities—potentially avoiding mismatches that stifle growth.
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Energy Strategy: Harnessing Pakistan’s energy grid for mining could diversify exports but demands strict environmental and grid-stability measures.
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Global Engagement: His Forbes “30 Under 30” profile and international advisory roles position Pakistan to engage with global standard-setters and investors.
Opinion: The combination of regulatory authority and industry insight in one office is rare globally. If managed transparently, this approach could fast-track Pakistan’s emergence as a hub for compliant, scalable blockchain initiatives.
Key Trends & Takeaways
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Decentralized AI & Blockchain Convergence:
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Projects like Lightchain AI hint at a future where smart-contract networks power not just finance but compute-intensive AI workloads.
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Security Remains Paramount in DeFi:
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As Cetus illustrates, fundamental coding errors can cause systemic shocks—mandating continuous, multi-layered defense.
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Governmental Embrace of Crypto:
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Assigning a SAPM for blockchain in Pakistan mirrors similar moves in other jurisdictions, recognizing crypto’s economic and strategic value.
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Governance Innovation:
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Digital shareholder voting at The Blockchain Group sets new standards for transparency and community engagement in public crypto firms.
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Policy-Industry Integration:
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Leaders who straddle regulatory and commercial spheres may accelerate balanced frameworks, but must safeguard against conflicts of interest.
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Conclusion
May 26, 2025’s “Blocks & Headlines” underscores blockchain’s dynamic interplay of technological breakthroughs, security imperatives, policy evolution, and governance innovation. From the promise of decentralized AI compute to hard-earned lessons in smart-contract safety, today’s developments reaffirm that progress in blockchain hinges on marrying visionary projects with rigorous oversight and inclusive stakeholder engagement. As the industry matures, success will favor those who navigate technical complexity, regulatory nuance, and community empowerment in equal measure.
The post Blocks & Headlines: Today in Blockchain – May 26, 2025 (Lightchain AI, Cetus Hack, Bilal Bin Saqib, The Blockchain Group) appeared first on News, Events, Advertising Options.
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