City Abu Dhabi Financial News

24.11 / 13:29

Binance FTX Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report

Several crypto firms have been bracing for the fallout from the FTX collapse.

22.11 / 21:33

business Binance Funding Middle east recovery Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund

Changpeng Zhao, chief executive officer of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund.

17.11 / 18:09

Adoption Binance FTX Bitcoin 'I knew he was desperate' — Binance CEO CZ opens up on SBF relationship

Binance CEO Changpeng ‘CZ’ Zhao knew Sam Bankman-Fried was in a desperate situation when the former CEO of the now-bankrupt FTX exchange called him for a bailout.

17.11 / 12:41

Adoption Sport partnership F1 NFT rides shotgun as Red Bull Racing closes out F1 season

Cryptocurrency and blockchain technology firms continue to feature in the world of Formula 1, with a nonfungible token (NFT) making its mark on Red Bull Racing’s vehicles to close out the 2022 calendar.

16.11 / 18:03

Adoption Binance regulation services Financial Abu Dhabi grants Binance financial services permission, economist hits out

Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region.

16.11 / 15:09

Blockchain Adoption Digital Court UAE regulator adopts blockchain to speed up commercial judgments

A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments.

16.11 / 13:49

Executive recovery Changpeng Zhao: Significant Interest In Crypto Industry Recovery Fund, Says Binance Chief Executive

More details concerning the fund will be available over the next two weeks, Zhao said.

09.11 / 09:39

business Blockchain Middle East, Asia and Africa blockchain association launches in Abu Dhabi

A new blockchain and cryptocurrency-focused association has been launched within Abu Dhabi's free economic zone that aims to further the development of blockchain and crypto ecosystems across the Middle Eastern, North Africa, and Asian regions.

08.11 / 16:53

UPS Target Binance Kraken The Fintech Files: StanChart targets Abu Dhabi, Nomura eyes crypto trading

While regulators in the US, the UK and Europe have dragged their feet on crypto, Abu Dhabi has been quietly snagging a bit of business.

08.11 / 05:21

Target Standard Standard Chartered’s crypto firm plots Abu Dhabi outpost in 2023

Standard Chartered’s crypto spinoff Zodia Markets is planning to expand into Abu Dhabi next year, making the emirate its first outpost in the Middle East and Africa as it targets growth across the regions.

05.10 / 15:55

Blockchain Digital CEO Platform Abu Dhabi to Host Inaugural Middle East Blockchain Awards

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

30.09 / 19:53

business Binance regulatory approval regulatory Binance launches New Zealand-based offices following regulatory approval

Global cryptocurrency exchange Binance has registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country.

29.09 / 09:35

business Adoption UAE Ministry of Economy opens up new headquarters in the Metaverse

The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse.

13.09 / 15:19

FIVE Binance Digital Cooper Abu Dhabi regulator introduces its ‘guiding principles’ for crypto

The Financial Services Regulatory Authority (FSRA), the financial regulator of Abu Dhabi Global Market free economic zone (ADGM), published its “Guiding Principles” on its approach to digital asset regulation and supervision.

13.09 / 02:09

Blockchain UPS FIVE committee Abu Dhabi establishes crypto committee

The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its inaugural meeting in late August, chaired by Mohamed Ali Al Shorafa, chairman of the Abu Dhabi Department of Economic Development and chairman of the Securities and Commodities Authority (SCA).

30.08 / 13:27

business Adoption Binance Investments Binance Pay Binance Pay partnership allows UAE entrepreneurs to repay loans using crypto

Binance marked its presence among the Middle East investors by running various licensed operations in Abu Dhabi, Dubai and other regions. Targeting efforts in United Arab Emirate’s (UAE) mainstream corporate sector, Binance partnered with business lender Virtuzone, allowing new entrepreneurs to repay loans using cryptocurrencies.

29.08 / 13:01

business marketing advertisement Bitcoin Dubai issues crypto marketing rules to better protect investors

Amid Dubai moving forward with a new license program for cryptocurrency service providers, local regulators are introducing additional marketing and advertising rules for the industry.

26.08 / 12:13

Blockchain UPS FIVE committee Abu Dhabi establishes crypto committee

19.07 / 16:13

business Blockchain Adoption Health Blockchain without crypto: Adoption of decentralized tech

A blockchain can be seen as a distributed database whose information is stored across every node running the network. Because the database is distributed among those running the network, it guarantees data stored within it is accurate and securely stored.

11.07 / 18:25

Progressive CEO SoftBank valuation Klarna valuation plunges 85% to $6.7 billion as 'buy now, pay later' hype fades

Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and «buy now, pay later» lenders.

19.06 / 19:25

cryptocurrency Dubai Jobs BitOasis Middle East-focused crypto firm BitOasis cuts jobs amid sector turmoil

BitOasis, a Middle East-focused cryptocurrency exchange based in the United Arab Emirates, said on Sunday it laid off nine of its staff, the latest company in the sector to cut jobs in the face of a downturn and market turmoil.

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