The Abu Dhabi-based Phoenix Group expands its operations in Ethiopia to 132 MW, leveraging hydropower to strengthen its position among the world’s largest miners
Cryptocurrency
Cryptocurrency
Gate Group secures Dubai VARA license
Gate Group’s Dubai arm is accelerating the expansion of its local team as it prepares for its official launch
Bitcoin
Crypto market: Retail participation in the sector predicted to see a major boost in Bitcoin as a result of Trump’s IRS overturned
Bitcoin prices shot up in early trading hours on Monday, April 28, to cross the $94,000 mark, touching $94,083 briefly, gaining close to 8% in 7 days
Blockchain
RockawayX launches UAE HQ, unveils Solana City to position Dubai as global blockchain hub
RockawayX’s arrival in Dubai aligns with the UAE’s national priorities: blockchain, artificial intelligence, and sustainability
Bitcoin
UAE’s ruya becomes first global Islamic bank to offer Shari’ah-compliant crypto trading
Digital Islamic bank ruya teams up with Fuze to offer secure, ethical crypto investments aligned with Islamic financial principles
crypto
Dubai real estate developer and crypto firm team up for blockchain investment portal
Dubai real estate investors will be able to buy tokenised property assets with cryptocurrency
crypto
UAE to be launch pad for global initiative to tackle massive crypto theft
Serenity looks to tap into $40bn market with biometric access card for digital currency storage and transactions
Cryptocurrency
Revealed: Speed, efficiency and privacy drive surging crypto adoption in Middle East
A sizeable number of cryptocurrency users in the region, however, are concerned about security risks amidst the surge in phishing scams, exchange breaches, and Ponzi schemes
Bitcoin
ATS Travel to accept payment in crypto after Payhound partnership
The travel agency claims to become the first in the Middle East to accept cryptocurrency as a form of payment
amana
Cryptocurrency broker amana adds 300 coins to exchange
MENA cryptocurrency neobroker amana now has more than 450 coins listed
binance
Abu Dhabi’s MGX invests $2bn in Binance in world’s largest ever crypto deal
Binance partners with Abu Dhabi-based MGX on historic record-breaking $2bn investment
Bitcoin
Bitcoin price projected to crash to $70,000 as crypto market’s Trump optimism wanes
The ongoing trade tariff war, discussions of stagflation, and the rush to safe havens are also turning investors away from the crypto market
Abu Dhabi
CEO of Abu Dhabi-based Phoenix Group hikes stake in the company
The company also disclosed that it continues to evaluate the potential for a future US listing
Cryptocurrency
Nod for stablecoins USDC and EURC to accelerate UAE’s emergence as a crypto powerhouse, say experts
The DFSA’s decision will enable over 6,000 DIFC firms to use these stablecoins for payments and treasury functions legally
Bitget
Crypto exchange major Bitget to make Dubai as hub for its next phase of global expansion
The company has sought a licence from Dubai VARA for a massive expansion of its operations
crypto payments
Hubpay partners with Aquanow to launch UAE’s first regulated crypto payments facility for businesses
The collaboration will enable businesses across various sectors, including real estate, to accept cryptocurrency payments securely and seamlessly, alongside traditional fiat transactions
Blockchain
Analysis: Inside the $1.5bn Bybit hack – ‘The largest digital heist in crypto history’
Data shows that North Korean hackers stole $1.34 billion across 47 incidents last year – a figure now eclipsed by this one breach