FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 m...
Tag: Dhabi
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
According to the papers filed with the court, Alameda Research, the investment division of FTX, has reached an agreement to sell the company’s remaining stake in Sequoia Capital to Al Nawwar Inv...
Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi
The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi. A court document from the United States Bankruptcy Court for the ...
Venom Foundation And Hub71 Collaborate To Increase Growth And Adoption Of Blockchain Starting With Abu Dhabi
Advertisement     Venom Foundation and Hub71 are elated to announce their newly formed partnership to provide startups with enterprise-grade solutions and simplify bus...
Venom Foundation and Hub71 Partner to Accelerate Growth and Adoption of Blockchain Technologies from Abu Dhabi
Abu Dhabi, UAE, 20th February, 2023, Chainwire. Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, ...
Abu Dhabi wants to back Web3 startups with a new $2 billion initiative
Join Our Telegram channel to stay up to date on breaking news coverage Abu Dhabi’s tech ecosystem, known as Hub71, recently proved its dedication to the crypto sector and pursuit of a decentralized fu...
Abu Dhabi to back the growth of Web3 startups with $2B
Abu Dhabi’s technology ecosystem, Hub71, has announced a new initiative called “Hub71+ Digital Assets,” with a capital backing of over US$2 billion. This project aims to advance Web3...
Abu Dhabi prepares $2b fund for Web3 startups
The United Arab Emirates (UAE) has been known for its neutral stance on cryptocurrencies — neither prohibiting nor licensing the asset class. Recently, the capital of the UAE, Abu Dhabi, announced mas...
Abu Dhabi Announces Launch of $2B Program Boosting Web3 Growth
4 hours ago | 2 mins read Blockchain News This initiative hopes to promote blockchain technology and metaverse applications. Hub71 at Abu Dhabi Global Market (ADGM) will serve as the initiative’s hom...
Crypto Exchange Kraken Leaving Abu Dhabi
Alex Dovbnya One of leading cryptocurrency exchanges is shutting down shop in Abu Dhabi According to a recent report by Bloomberg, prominent cryptocurrency exchange Kraken has decided to leave the Abu...
Kraken shuts down Abu Dhabi office, suspends support for AED
Cryptocurrency exchange Kraken has closed its office in Abu Dhabi less than 12 months after receiving regulatory approval to operate in the region. According to a Feb. 2 report from Bloomberg, Kraken ...
Prominent Crypto Exchange Kraken Exits Abu Dhabi After Japan
Exchange News In 2022, widespread layoffs hit the cryptocurrency sector due to crypto winter. Users in the Middle Eastern country may still access the platform. The Abu Dhabi office of Kraken, a renow...
Kraken Closes Abu Dhabi Office
A cryptocurrency exchange known as Kraken has decided to close its headquarters in Abu Dhabi less than a year after receiving approval from local authorities to do business there. According to an arti...
Kraken shutters Abu Dhabi office a year after gaining license
US-based crypto exchange Kraken is shuttering its Abu Dhabi office as part of its ongoing global cost-cutting measures, reports Bloomberg. The move means that transactions in Dirham, the country’s off...
Crypto exchange Kraken closes Abu Dhabi office
Crypto exchange Kraken is shutting its Abu Dhabi office and winding down support for the United Arab Emirates’s local currency. “As part of a recent review, we have decided to suspend AED ...
BNB Chain and Fellaz Team Up to Bring NFT Ticketing to Ultra Music Festival in Abu Dhabi
Abu Dhabi, UAE, 2nd February, 2023, Chainwire A major step forward in using mainstream blockchain technology in the entertainment industry, offering a secure and convenient way for music fans to buy...
Amazon posts a Web3 job, Kraken shuts down Abu Dhabi office, Bittrex announces layoffs – Cryptopolitan
In the past 12 hours, three stories have hit the crypto market, each impacting the market. The stories include Amazon posting a job for Web3, Kraken shutting down its Abu Dhabi office, and Bittrex ann...
Billionaire Gautam Adani Gets Vote Of Confidence From Abu Dhabi Firm’s $400 Million Investment
Gautam Adani speaks at the World Congress of Accountants in Mumbai on November 19, 2022. INDRANIL MUKHERJEE / AFP Gautam Adani has won a vote of confidence from a $400 million investment by Internatio...
Marathon plans 250 MW Abu Dhabi bitcoin mining JV
Marathon Digital, a crypto mining company, is initiating a $406 million joint venture (ADGM Entity) with FS Innovation to build and run bitcoin mining operations in Abu Dhabi. The project’s first phas...
Marathon forms Abu Dhabi bitcoin mining JV; initial project of 250MW
Crypto miner Marathon Digital is forming a joint venture with FS Innovation in Abu Dhabi to create and operate mining facilities. The company said in a filing the initial project will consist ...
New billion-dollar Abu Dhabi fund will look far and wide for web3 deals
Abu Dhabi-based Venom Ventures Fund’s announcement last week that it’s ready to plough $1 billion into web3 applications certainly caught the eye — not least of all because it came after a disastrous ...
Russia’s Invasion Of Ukraine Triggers Renewable Energy Rush, Say World Leaders In Abu Dhabi
TOPSHOT – A man holds a child as he flees the city of Irpin, west of Kyiv, on March 7, 2022. – … [+] Russian forces pummelled Ukrainian cities from the air, land and sea on Monday, w...
$1 Billion Fund to Bet on Abu Dhabi Global Market Web3 Start-ups
Venom foundation is the first blockchain to receive a license by the ADGM which allows the issuance of utility tokens Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceb...
Nigma Galaxy Signs Lucrative Sponsorship Deal With Abu Dhabi Real Estate Firm Aldar
Nigma Galaxy has a new sponsor. Credit: Nigma Galaxy Esports team Nigma Galaxy has announced a new multi-year sponsorship deal with Aldar, a real estate development company based in Abu Dhabi. The dea...
Blockchain-based e-Marketplace TradeAssets Awards Abu Dhabi Islamic Bank (ADIB)
Abu Dhabi Islamic Bank (ADIB) has received the e-marketplace Champion Award. In recognition of digital adoption excellence from blockchain-based e-Marketplace TradeAssets. Leading Islamic financial in...
Abu Dhabi Creates the MEAACBA Organization to Organize and Regulate Crypto
Abu Dhabi has launched a new organization it’s calling the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA). The non-profit is built to bring industry leaders together to disc...
Post-event review / Web3 Delight Abu Dhabi – Unleashing the potential for the future tech development
The 2nd edition of Web3 Delight took place in Abu Dhabi on the 15th of November, During the Formula 1 and FinTech week. This hybrid event attracted over 3,000++ in-person and online participants from ...
Abu Dhabi Based Havyn To Acquire Bankrupt FTX ! Here’s The Complete Story
Hayvn, a virtual asset trading platform regulated by the Abu Dhabi Global Market, announced on Friday that it is considering making a formal offer to buy the payments division of the troubled FTX cryp...
Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
Changpeng “CZ” Zhao, CEO of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund. According to a N...
Binance CZ denies Bloomberg report of Abu Dhabi fundraising attempt
The CEO of Binance, CZ, has denied a report published by Bloomberg on Nov. 21 that he was seeking investment for an industry recovery fund. CZ took to Twitter to succinctly confirm that the report was...
Binance’s CZ Reportedly in Talks with Abu Dhabi Investors on Industry Recovery Fund
Binance’s CEO, Changpeng Zhao (CZ), reportedly met with investors from Abu Dhabi to discuss the recently announced cryptocurrency industry recovery fund. The CEO of the world’s leading exchange met w...