City Abu Dhabi Financial News

17.05 / 17:11

Citi Digital CEO coinbase RIG Marathon Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility

Marathon Digital Holdings and Zero Two have announced a partnership to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi. The joint venture, called the Abu Dhabi Global Markets JV Entity, will be based in Mina Zayed and Masdar City in the United Arab Emirates, and will comprise two mining sites with a combined 250-megawatt capacity. Marathon and Zero Two plan to power the facilities with excess energy from Abu Dhabi’s grid, claiming it will increase its base load and sustainability.

12.05 / 18:47

Mining SEC Bitcoin Marathon Marathon Digital Served with Additional SEC Subpoena for Alleged Violations

Bitcoin (BTC) mining firm Marathon Digital has been served with an additional subpoena by the US Securities and Exchange Commission (SEC) over alleged securities laws violations.

11.05 / 06:49

regulation SEC Taxes Bitcoin Marathon Bitcoin Miner Bitcoin miner Marathon Digital hit with another SEC subpoena

Bitcoin (BTC) miner Marathon Digital has disclosed that it received another subpoena from the United States Securities and Exchange Commission (SEC) relating to its 100-megawatt data center in Hardin, Montana.

10.05 / 21:51

business Adoption Web3 Africa Web3 Hub Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub

The partnership will attempt to contribute to driving blockchain innovation in the continent’s key sectors, including finance, supply chain, agriculture, business and cross-border trade, the May 10 announcement said.

09.05 / 22:07

business Mining Middle east Marathon Marathon Digital announces immersion crypto mining operations in Abu Dhabi

Crypto mining firm Marathon Digital Holdings announced it has partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi.

08.05 / 18:43

Blockchain Provident Target CEO coinbase expansion Coinbase Targets UAE as Strategic Hub for Cryptoeconomy Expansion; Executives Attend Dubai Fintech Summit

Major US-based crypto exchange Coinbase has praised the United Arab Emirates (UAE), saying the region has the potential to become a “strategic hub” for the company.

08.05 / 15:53

business coinbase Middle east International Coinbase execs visit UAE to test potential of 'strategic hub' for international operations

Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry leaders and policymakers in the United Arab Emirates.

02.05 / 15:11

Government regulation policies NOT British MP Lisa Cameron is 'not invested personally' in crypto but advocates for regulation

Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets.

02.05 / 11:39

Racing coinbase The Fintech Files: Why Abu Dhabi’s watchdog doesn’t want a crypto cleanup

This is Justin Cash, filling in for your regular correspondent Alex Daniel, who is taking a well-earned holiday!

01.05 / 23:33

IPO Why Abu Dhabi’s top regulator pushed back against crypto, and London listings ‘aren’t going anywhere in a hurry’

The boss of Abu Dhabi's capital markets watchdog has a tough job on his hands: attracting firms to the emirate with just the right amount of rules that won't threaten to choke their ambitions.

25.04 / 14:59

Blockchain Lowe's Google Mobile Apple Enterprise Testnet Venom Foundation Announces the Release of its Public Testnet

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

19.04 / 20:27

Law Stablecoin regulation Congress stablecoin regulation Lack of stablecoin regulation could push issuers out of US: Austin Campbell

United States lawmakers discussed the role of stablecoins in a committee hearing, but some experts expressed concern about the country’s regulatory environment.

19.04 / 12:33

regulation UAE Securities Regulator Opens Door for Crypto Firms' License Applications – Next Crypto Hub?

The United Arab Emirates’ (UAE) Securities & Commodities Authority has announced that it is now accepting applications for licenses by crypto firms wanting to set up offices in the country.

18.04 / 08:15

business Law regulation Bitcoin Regulation Financial UAE’s federal financial regulator opens licensing applications for VASPs

The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country.

23.03 / 16:27

business CBDC Adoption Central Bank Deal The UAE central bank signs deal for CBDC strategy

The Central Bank of the UAE (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC), the 'Digital Dirham', for domestic and cross-border payments.

22.03 / 22:05

NFT Silicon Valley SVB collapse chilled NFT trading volumes: Nifty Newsletter, March 15–21

The recent collapse of the Silicon Valley Bank (SVB) resulted in dwindling numbers for NFT trading volumes, with traders holding on to their assets amid the banking crisis in the United States.

20.03 / 15:37

Blockchain regulation Assets Crypto.com gets MVP preparatory license from Dubai regulator

Crypto.com announced it has obtained a minimal viable product (MVP) preparatory license from Dubai’s Virtual Asset Regulatory Authority (VARA).

17.03 / 14:25

Blockchain Adoption NFT Web3 Dubai to Abu Dhabi: How NFTs are used in the UAE

As the United Arab Emirates (UAE) continues to provide a welcoming regulatory framework for blockchain-based technologies, nonfungible tokens (NFTs) continue to prosper within the region and are being used by projects in various ways.

14.03 / 15:19

business Stablecoin regulation wallet FTX FTX-related stablecoins on the move: $145M transferred to crypto exchanges

Amid multiple ongoing investigations, FTX continues to move funds. Addresses related to the failed crypto exchange reportedly transferred around $145 million in stablecoins to various platforms.

12.03 / 22:43

business Silicon Valley Bank of London bids to acquire Silicon Valley Bank's UK arm

Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank's subsidiary in the United Kingdom, according to a statement disclosed by Reuters on March 12.

09.03 / 15:15

business FTX Bankruptcy Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi.

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