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.
Arkham reports the UAE holds roughly $700 million in mined Bitcoin, raising questions about state-linked crypto reserves, transparency and implications for regional market dynamics and regulatory scrutiny.
As the crypto market matures, millionaires are increasingly relocating to the UAE, drawn by tax incentives, regulatory clarity, streamlined business environments, a burgeoning tech ecosystem, and a lifestyle appealing to the wealthy.
UAE authorities have refuted claims that individuals can obtain a Golden Visa by staking Toncoin, emphasizing that no such program exists. They urge the public to verify information through official channels to avoid misinformation.
In the rapidly evolving landscape of cryptocurrency in the UAE, a robust legal strategy is essential for startups. Navigating regulatory challenges and ensuring compliance can significantly impact a startup’s success and sustainability in this competitive market.
Ripple has received regulatory approval in the UAE, allowing it to tap into the $400 billion trade and $40 billion remittance markets. This move positions Ripple to enhance its global reach and strengthen its digital payment solutions in the region.
Emirates NBD, a government-owned bank in Dubai, has expanded its services by offering crypto trading through the Liv X app. This initiative is part of the bank’s strategy to embrace digital assets and enhance customer engagement in the evolving financial landscape.
The UAE region Ras Al-Khaimah introduces a pioneering framework for Decentralized Autonomous Organizations (DAOs) within its Free Zone, heralding a new era of decentralized governance and innovation.
The United Arab Emirates’ Central Bank has recently made history by launching a groundbreaking cross-border digital Dirham transfer to China. This initiative aims to bolster bilateral trade and financial cooperation between the two nations, utilizing advanced digital technology. As the first of its kind, this move signifies the UAE’s commitment to enhancing its financial landscape and deepening its ties with China.
The UAE is leading the way in decentralized finance (DeFi) adoption among Middle Eastern and North African (MENA) countries, according to a new report from Chainalysis. This pioneering move stands to further expand the use of cryptocurrencies in the region.