Cryptocurrency mining firm Phoenix Group has made its debut on the Abu Dhabi Securities Exchange (ADX), becoming one of the first publicly listed companies in the Middle East’s cryptocurrency industry. The company’s stock, PHX, opened at 2.25 dirhams (AED) or $0.6 on December 5th. Since its initial public offering (IPO) at 1.50 AED or $0.41, […]
Binance, the world’s largest cryptocurrency exchange, has announced Richard Teng as its new CEO. Teng, previously the head of regional markets for Binance, has taken over from Changpeng ‘CZ’ Zhao, who stepped down following charges from the U.S. Department of Justice. Teng’s main focus is on ensuring compliance and has invested in building a strong […]
Binance, the world’s largest cryptocurrency exchange, has announced Richard Teng as its new CEO. Teng, previously the head of regional markets for Binance, has taken over from Changpeng ‘CZ’ Zhao, who stepped down following charges from the U.S. Department of Justice. Teng’s main focus is on ensuring compliance and has invested in building a strong […]
Paxos, a crypto infrastructure firm, has received in-principle approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to introduce stablecoins in the United Arab Emirates (UAE). This means that Paxos will soon be able to issue US dollar-backed stablecoins and provide crypto-brokerage and custody services in the region. The FSRA is a financial regulator […]
Paxos, a crypto infrastructure firm, has received in-principle approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to introduce stablecoins in the United Arab Emirates (UAE). This means that Paxos will soon be able to issue US dollar-backed stablecoins and provide crypto-brokerage and custody services in the region. The FSRA is a financial regulator […]
Paxos, a crypto infrastructure firm, has received in-principle approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to introduce stablecoins in the United Arab Emirates (UAE). This means that Paxos will soon be able to issue US dollar-backed stablecoins and provide crypto-brokerage and custody services in the region. The FSRA is a financial regulator […]
The ongoing debate in the United States regarding the regulation of blockchain technology, web3 industry, and crypto assets is expected to be a major topic in the 2024 presidential elections. With a significant number of American voters already invested in the crypto market, politicians are eager to address this issue. The US Treasury Department is […]
The ongoing debate in the United States regarding the regulation of blockchain technology, web3 industry, and crypto assets is expected to be a major topic in the 2024 presidential elections. With a significant number of American voters already invested in the crypto market, politicians are eager to address this issue. The US Treasury Department is […]
Sui, a Layer 1 blockchain and smart contract platform, has achieved remarkable growth since its mainnet launch just over six months ago. It has surpassed $150 million in Total Value Locked (TVL), placing it among the top 20 blockchains in TVL. The platform has also surpassed $100 million in bridged stablecoins and has processed more […]
IOTA, a leading distributed ledger technology (DLT) project, has achieved a significant milestone in its strategic expansion by registering the first DLT foundation in the United Arab Emirates (UAE). This move is expected to support IOTA’s growth in the Middle East and North Africa (MENA) region. The announcement of the foundation’s registration coincided with a […]
