Marathon to launch Middle East’s first large-scale BTC mining operation
First announced in January, the operation is a joint venture between Marathon and Zero Two, a Web3 company launched in 2022 by Abu Dhabi’s $160 billion sovereign fund ADQ.
Latest Abu Dhabi News
Abu Dhabi seeks public opinion on new legal framework for decentralized economy
The public consultation revolves around Abu Dhabi's intention to launch a blockchain framework, focusing on streamlining disclosures, governance structures, and liquidation measures.
Swiss-based digital currency bank Sygnum expands offering to the Middle East
Sygnum plans to expand into the Middle East have been in the works since October 2022, when the digital currency bank obtained approval from the ADGM to operate in the country.
Abu Dhabi makes a foray into Web3 with $2 billion-backed initiative
Abu Dhabi sets its eyes on becoming a Web3 hub in the MENA region under its new project geared toward supporting local startups in developing and commercializing innovations in the tech space.
Kraken shuts down Abu Dhabi office less than a year after launch
Kraken also laid off some employees in the MENA region and suspended AED but maintains that clients in the region will still have access to the platform.
BTC miner Marathon Digital to launch $400M Abu Dhabi mining facility
Marathon partnered with FS Innovation on the project, which it estimates will produce 250 MW of energy as it strives to recover from a rough year for block reward miners.
Abu Dhabi courts use blockchain to improve dispensation of justice—here’s how
Pivoting to distributed ledger technologies could change the face of legal proceedings in the country and the entire Gulf region, according to ADGM Courts CEO Linda Fitz-Alan.
Abu Dhabi regulator unveils 5 ‘guiding principles’ to control digital assets
The principles issued by the FSRA hint toward innovation in the digital asset sector, and on top of its list is to create a framework aligned with the practices of international financial services.
Abu Dhabi gives away free digital currency domains to female residents
The Abu Dhabi Investment Office estimates that only about 5-7% of market participants in the digital currency market are women.
Abu Dhabi free zone proposes NFT regulations
Abu Dhabi wants to be the next jurisdiction to regulate the trading of non-fungible tokens (NFTs), with one of its free zones proposing draft recommendations to police the burgeoning industry.
Abu Dhabi Islamic Bank makes landmark transaction on blockchain
Abu Dhabi Islamic Bank revealed that it had completed a trade finance transaction on TradeAssets blockchain network in what is a first for Islamic banks.
Abu Dhabi updates crypto regulations to embrace FATF standards
Abu Dhabi Global Market has amended its crypto framework, which has formed part of the FSRA regulations for the past two years.