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Nalezeno "UAE": 492

UAE-Based Phoenix Group Bolsters Mining Capabilities With $187M Bitmain Deal Amidst Global ASIC Race

10.1.2024
Phoenix Group, a bitcoin mining and blockchain infrastructure company, recently disclosed its acquisition of $187 million in application-specific integrated circuit (ASIC) bitcoin mining rigs. The purchase was made from Bitmain, one of the leading ASIC manufacturers in the industry. Phoenix Group...

Annual international business conference InvestPro UAE Dubai 2024

8.1.2024
Our partner, Bosco Conference, is pleased to invite you to attend the annual В2В conference InvestPro UAE Dubai 2024, which will be held on February 12, 2024, at the Taj Hotel in Dubai. InvestPro UAE Dubai 2024 serves as a vibrant platform designed to offer business professionals exclusive...

Lavrov Highlights 30 Nations’ Interest in BRICS as China-Saudi Pact Poses Challenge to US Dollar

27.12.2023
In a recent statement by Sergey Lavrov, Russia’s Foreign Affairs Minister, he noted that the BRICS bloc is set to expand in 2024 with new members including the United Arab Emirates (UAE), Iran, and Saudi Arabia. He revealed that approximately “30 countries would like to establish partner ties...

UAE Authority Updates Anti-Money Laundering Measures to Implement FATF’s Travel Rule

21.12.2023
Image Source: Diana/Adobe Stock The Financial Services Regulatory Authority (FSRA), a financial regulatory body in the United Arab Emirates, has released an updated version of its Anti-Money Laundering (AML) and sanctions rules specifically tailored for digital assets. In an official announcement...

VARA’s New Leadership in Dubai Marks Next Phase of Crypto Regulation

21.12.2023
Source: AdobeStock / Grigory Bruev The hands-on approach by Dubai’s Virtual Asset Regulatory Authority (VARA) has enabled it to set a global precedent for regulator-industry cooperation, its executives said. All virtual asset service providers (VASPs) must obtain a license from VARA before...

UAE Bitcoin Miner Signs Order Worth Over $380 Million With Microbt

8.12.2023
United Arab Emirates-based bitcoin miner Phoenix Group PLC has signed an order worth more than $380 million with Whatsminer mining rig maker Microbt. Bijan Alizadehfard described the collaboration with Microbt as a reflection of his company’s “strategic foresight.” Microbt to Integrate...

Binance Withdraws Application for Abu Dhabi License, Reassessing Compliance Needs

8.12.2023
Source: Pixabay / satheeshsankaran Binance has officially withdrawn its application for a financial license in Abu Dhabi, according to Reuters. This move is indicative of the exchange’s ongoing reassessment of its global operations and licensing requirements. The application, submitted by...

Binance Founder CZ Remanded to Remain in Continental US, Travel to UAE Prohibited

8.12.2023
Changpeng Zhao, better known as CZ, the founder of Binance, has recently grappled with significant legal hurdles in the U.S. His guilty plea in a notable case led a Seattle federal judge to impose movement restrictions on him. Former Binance Boss CZ Restricted to U.S. Soil As the pivotal figure...

Binance Founder CZ to Await Sentencing in US; Judge Cites Wealth Abroad as Flight Risk Factor

8.12.2023
Source: GeekWire/ Taylor Soper A federal judge in Seattle has ruled that Changpeng Zhao, the founder and former CEO of Binance, must remain in the United States while awaiting sentencing on money laundering charges. The decision overturned a previous ruling by a magistrate judge, who had allowed...

UAE Tech Researchers Roll Out Lightweight Blockchain for Carbon Trading

7.12.2023
The Technology Innovation Institute in Abu Dhabi has launched a blockchain geared towards tracking carbon emissions and facilitating trading amid growing climate concerns. In a Dec 5 post on X (Twitter), the institute disclosed that its Cryptography Research Center has launched the blockchain as...

Crypto Miner Phoenix Group's Shares Surge 35% in Abu Dhabi Stock Market Debut

5.12.2023
The UAE-based company said its initial public offering (IPO) in November was 33-times oversubscribed

Crypto Firms’ Compliance With Regulation Should Not Be at the Expense of Innovation — Zak Taher

2.12.2023
Zak Taher, the CEO of Multibank.io, said he believes the United Arab Emirates (UAE) is the most attractive investment destination for overseas digital asset companies due to its effective governance and the leadership of its individuals. The UAE’s status within the global financial landscape...

Ethereum-Based Fasset Secures Operational License in Dubai for Tokenized Offerings

1.12.2023
Source: fasset.ae Digital asset brokerage Fasset FZE has received a Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai, UAE. According to the press release, the operational license is the final stage in VARA’s approval process. It authorizes...

Today in Crypto: $343,038,810 was Lost to Hacks and Fraud in November, a 15x Increase from October

30.11.2023
Source: Immunefi Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news Major bug bounty and security services platform Immunefi found that $1,753,707,812 was lost to hacks and rug pulls...

Crypto investment platform Fasset granted operational license in Dubai

30.11.2023
Fasset has been granted a Virtual Asset Service Provider (VASP) license from regulators in Dubai, allowing it to perform broker-dealer services legally in the area

Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi

30.11.2023
Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for Paxos, enabling it to issue stablecoins pegged to...

India Seeks Extradition of Prime Suspect in $240M Crypto Scam from UAE

30.11.2023
Source: Pexels Indian authorities are intensifying efforts to bring the alleged mastermind behind a massive $240 million cryptocurrency scam back to the country. The special investigation team (SIT) of the Himachal police, after nearly two months of probing, has prepared a comprehensive 2,100-page...