City Abu Dhabi Financial News

01.03 / 10:55

Provident BTC Digital VISA MasterCard Bitcoin Bitcoin Price Prediction - Why Retaking $24k Will be a Battle if Wednesday's US Data is Strong

Bitcoin (BTC), the world's largest cryptocurrency, was able to recover some of its recent losses and attract modest bids above the $23,500 level as the crypto market started the month on a positive note. This was attributed to Abu Dhabi's plan to create a free zone for the crypto industry, which will offer zero taxes and 100 percent foreign ownership to digital and virtual asset firms.

17.02 / 15:35

Citi Gap Trading Places: Brevan Howard opens new office, KPMG won’t cut UK staff, Barclays’ pay gap widens

Brevan Howard opened its newest office in Abu Dhabi, the capital of the United Arab Emirates, to expand its presence in the Middle East. The office, which will host more than 100 staff, is based in the Al Sarab Tower, part of the Abu Dhabi Global Market, the city's financial district.

16.02 / 13:47

Adoption NFT Web3 Metaverse Investment Abu Dhabi Goes All-In on Crypto With $2 Billion Investment Program for Web3 and Blockchain Startups

Abu Dhabi's tech ecosystem has launched a new initiative with over $2 billion of capital committed to funding Web3 startups, blockchain technologies, and metaverse apps in the United Arab Emirates capital.

16.02 / 01:27

business Blockchain Technology Web3 Funding Abu Dhabi to back the growth of Web3 startups with $2B

Abu Dhabi's technology ecosystem, Hub71, has announced a new initiative called "Hub71+ Digital Assets," with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as, corporate, government, and investment partners in both global markets and the UAE.

15.02 / 16:09

Citi Brevan Howard opens Middle East headquarters in Abu Dhabi

Hedge fund Brevan Howard has opened its newest office in Abu Dhabi, the capital of the United Arab Emirates, to expand its presence in the Middle East.

13.02 / 17:48

Blockchain Provident Twitter CEO Enterprise Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases

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

08.02 / 17:07

Adoption Web3 Metaverse Future Saudi Arabia partners with The Sandbox for future metaverse plans

Initiatives toward metaverse development continue to be a significant focus and key interest in the Middle East region, as the LEAP conference in Riyadh, Saudi Arabia, highlights key topics in the industry.

08.02 / 12:27

LinkedIn Goldman Sachs private capital banker Biscaldi hired by Abu Dhabi sovereign wealth fund

A Goldman Sachs managing director who focused on private capital markets deals has re-emerged as a growth investor at an Abu Dhabi sovereign wealth fund.

02.02 / 21:49

business Middle east Kraken shuts down Abu Dhabi office: Report

Cryptocurrency exchange Kraken has reportedly closed its office in Abu Dhabi less than 12 months after receiving regulatory approval to operate in the region.

31.01 / 17:53

Blockchain Digital Cooper Progressive Telegram Platform BlackRock Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

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

21.01 / 20:43

Adoption play UAE Minister Says Crypto Will Play a "Major Role for UAE Trade Going Forward"

The United Arab Emirates plans to use crypto for trade in the future and also set up a working regulatory framework, according to the country's minister of state for foreign trade.

21.01 / 06:23

regulation Bloomberg FTX foreign play Crypto to play 'major role' in UAE trade: foreign trade Minister

Crypto will play a “major role” in the United Arab Emirates' global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al-Zeyoudi.

19.01 / 23:59

business Blockchain City of Busan to establish digital assets exchange: Report

According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets.

18.01 / 17:27

business World Economic Forum Davos Crypto miner explains how Bitcoin mining stabilizes grids

2022 was “the perfect storm” for Bitcoin (BTC) miners, according to Jaime Leverton, CEO of Hut8 mining, one of the largest crypto miners and digital asset experts in the space.

13.01 / 16:39

regulation Lawyer Lawyer explains new federal virtual asset law in the United Arab Emirates

The United Arab Emirates (UAE) Cabinet has decided to pass a new law that governs virtual assets, setting up the country's initial regulatory regime for the cryptocurrency space at the federal level.

12.01 / 12:49

Blockchain Payments Investment Iceberg Capital Teams Up With Venom to Create $1 Billion Blockchain Fund

Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital revealed a $1 billion venture fund focused on blockchain and Web3 companies.

11.01 / 17:17

Blockchain Adoption Investments Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain

Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital announced they will allocate $1 billion of funding to Web3 and blockchain firms through a new partnership.

06.12 / 11:05

Bitcoin news Bitcoin Cryptoverse: 2022 Has Been The Year Of Bitcoin "Bloodbath"

The collapse of Sam Bankman-Fried's FTX exchange hammered a long nail into the market.

30.11 / 15:29

exchanges acquires Binance Acquires 100% of Japanese Crypto Exchange Sakura Exchange BitCoin – Here's Why

Binance has acquired 100% of Sakura Exchange BitCoin (SEBC), a crypto platform registered in Japan, to enter the Japanese market in a regulated way.

28.11 / 21:23

business FTX marketing FTX logos and promotional material still everywhere despite bankruptcy proceedings

Before its liquidity issues and bankruptcy filing in November, FTX was well known for its prolific stance on making sponsorship deals. Even with many in and out of the space now associating the exchange with failed financial institutions, traces of the promotional glitter bomb it has unleashed on the world aren’t likely to go away anytime soon.

24.11 / 16:23

Blockchain Adoption Binance Bitcoin recovery Binance aims to allocate $1 billion for crypto recovery fund

Binance intends to allocate $1 billion for a proposed industry recovery fund while its CEO revealed intent in a new bid for assets of bankrupt cryptocurrency lending firm Voyager by its U.S.-based business.

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