MicroBT has launched its next‑generation WhatsMiner M70 in Abu Dhabi, showcasing advanced energy efficiency and higher hashrates as the company intensifies competition in the global Bitcoin mining hardware market.
BlackRock, the world’s largest asset manager, has officially received a license to operate in Abu Dhabi, signaling its commitment to expand its presence in the Middle East. This strategic move aims to tap into the region’s growing investment opportunities and bolster local markets.
**Venom Blockchain Fuels Web3 Expansion in Abu Dhabi**
Abu Dhabi-headquartered Venom Foundation has launched the Venom blockchain, a scalable and interoperable platform designed to accelerate Web3 adoption in the emirate. The blockchain leverages a unique consensus mechanism and smart contract functionality, enabling developers to create innovative decentralized applications (dApps). With the backing of Abu Dhabi Investment Office (ADIO), Venom aims to foster a thriving Web3 ecosystem and drive economic growth in the digital sphere. The platform has already attracted numerous startups and enterprises seeking to harness its capabilities for metaverse, DeFi, and NFT solutions.