Bitcoin miner Phoenix surges 50% after $371M Abu Dhabi IPO
Crypto mining firm Phoenix Group has debuted trading on the Abu Dhabi Securities Exchange, with the stock opening at $0.6.
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IOTA makes 40%+ move after $100M ecosystem foundation announcement
IOTA price saw a high volume surge that took the altcoin to a near 1-year high, but are there reasons to support further upside?
Crypto investment platform Fasset granted operational license in Dubai
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 emirate.
Former British Chancellor’s crypto firm Copper launches tokenized securities platform
Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors.
Bitcoin mining firm Phoenix Group delays share listing
Due to UAE's National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023.
eToro, M2 win ADGM crypto licenses to operate in UAE financial center
While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian.
Crypto custodian Hex Trust receives Dubai VASP license
Institutional cryptocurrency custodian Hex Trust adds Dubai to its list of operational jurisdictions in addition to Hong Kong, Singapore, Vietnam, Italy and France.
SC Ventures and SBI Holdings Launch $100 Million Crypto Initiative in UAE
SC Ventures, the investment division of Standard Chartered Bank, and SBI Holdings, the Japanese financial conglomerate, have joined forces to establish a $100 million cryptocurrency initiative in the United Arab…
Metaverse projects failed on lack of correct business model: MetaMinds CEO
As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from the lack of proper business models.
Abu Dhabi pioneers DLT regulation for DAOs, Web3 innovations
Abu Dhabi aims to become a crypto hub alongside Dubai in a move that’s part of a larger goal to foster initiatives in the blockchain and digital asset realm.