Both companies plan to develop new institutional digital offerings, while QCP is set to open an Abu Dhabi shop.
Coinbase to Bring TradFi Assets On-Chain With New Platform Built on Base Under Abu Dhabi Regulator’s Oversight
Coinbase’s Project Diamond lets institutions create and trade digital native versions of financial instruments such as debt using Base in a regulated manner.
Coinbase to Bring TradFi Assets On-Chain With New Platform Built on Base Under Abu Dhabi Regulator’s Oversight
Coinbase’s Project Diamond lets institutions create and trade digital native versions of financial instruments such as debt using Base in a regulated manner.
Binance Withdraws Bid for Abu Dhabi License: Reuters
Binance determined the application was not necessary “when assessing [its] global needs.” The move is unrelated to the exchange’s legal settlement in the U.S.
UAE researchers launch blockchain carbon trading platform at COP28
The institute said it adopted a lightweight and efficient blockchain not intended to be computationally wasteful, where trading can be facilitated at little to no cost.
Crypto Miner Phoenix Group’s Shares Surge 35% in Abu Dhabi Stock Market Debut
The UAE-based company said its initial public offering (IPO) in November was 33-times oversubscribed.
IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi
Native token of the Iota ecosystem [IOTA] jumped 35% Wednesday on news about registering a development foundation in Abu Dhabi.
IOTA Jumps 43% After Registering Ecosystem Foundation in Abu Dhabi
Native token of the Iota ecosystem [IOTA] jumped 35% Wednesday on news about registering a development foundation in Abu Dhabi.
Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.
Crypto Custody Firm Copper to Start Digital Securities Brokerage in Abu Dhabi
Copper Securities is working with Abu Dhabi’s Financial Services Regulatory Authority to have the appropriate approvals in place by early 2024.
Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed
Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.
Abu Dhabi Enacts DLT Framework for DAOs, Web3, TradFi Firms
Zodia Markets Receives In-Principle Approval as Crypto Broker-Dealer in Abu Dhabi
Zodia Markets, a digital asset marketplace backed by Standard Chartered Ventures, has been granted In-Principle Approval to operate as a crypto broker-dealer in Abu Dabhi.
Abu Dhabi grants virtual asset firm M2 permission to offer crypto services
M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody virtual assets.
Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE
Rain’s Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets, Reuters reported.
Why Crypto Companies Are Warming to the United Arab Emirates
Crypto Hubs 2023: Where to Live Freely and Work Smart
With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.
Abu Dhabi: A Wealthy Middle-East Capital Creating a Bridge From TradFi to Crypto
The heart of crypto in the capital of the United Arab Emirates is actually just offshore in the Abu Dhabi Global Markets, an economic free zone. With a mandate to encourage fintech, the No. 6 spot in CoinDesk’s Crypto Hubs 2023 keeps the lines of communications open between regulators and crypto institutions.
Bitcoin miner Marathon Digital hit with another SEC subpoena
The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal securities laws relating to its data center in Hardin.
Marathon Teams Up With Abu Dhabi’s Zero Two for Middle East’s First Large-Scale Liquid Cooled Bitcoin Mining
The U.S.-based miner is teaming with Zero Two, a digital assets infrastructure development company focused on supporting the power grid of Abu Dhabi.