Mining
Bitcoin miner Phoenix Group makes $2.47B trading debut in Abu Dhabi rising 50%
The miner shares' price surged on its first day of trading following $2.47B IPO
Oluwapelumi Adejumo 2 min read
UAE News
VARA and ADGM policy, exchange licensing, tokenization, and the UAE’s rise as a Web3 hub.
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Top UAE Stories
Adoption
Hedera Hashgraph to power new environmental asset management service
Hedera Hashgraph's technology underpins Envision Blockchain's bid to transform carbon credit management with UN support.
Regulation
Paxos poised to expand global stablecoin operations in Abu Dhabi with regulatory green light
FSRA's provisional nods set Paxos on course to issue stablecoins and expand digital services in Abu Dhabi.
Latest UAE Crypto News & Analysis
Gaming
Dubai’s web3 gaming sector gets a boost with Wemade collaboration
The collaboration is part of Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum's quest to make Dubai a global web3 gaming hub.
Legal
U.S. prosecutors argue CZ may face up to 10 years and should be detained in the U.S.
The prosecutors argued that their decision to allow CZ to remain free until his sentencing does not mean that he poses no flight risk.
Mining
Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy
The miner said its raise was 22 times the projected amount.
Exchanges
Crypto.com secures preliminary VASP license from Dubai digital asset regulator
Dubai has earned praise from several crypto firms operating in the region for its approach towards the emerging industry.
Exchanges
Former FTX general counsel to launch new crypto exchange
Key witness in SBF trial and ex-FTX counsel spearheads new Dubai-based crypto exchange.
Regulation
Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology
The Emirate of Abu Dhabi is emerging alongside Dubai as a second crypto hub in the UAE.
More UAE Crypto News Headlines
Adoption
XRP gains approval from Dubai Financial Services Authority
Bankruptcy
Bankrupt FTX seeks court approval to liquidate solvent Dubai subsidiary
Regulation
Dubai expands crypto licenses, granting approval to Nomura
Regulation
