Abu Dhabi
FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi's Investment Arm
The agreement requires approval from a Delaware bankruptcy court as the failed exchange seeks to raise funds for creditors.
Abu Dhabi Starts $2B Initiative to Back Web3 Startups
The Hub71 + Digital Assets ecosystem will also back companies focusing on blockchain technologies.
Kraken's Head of Strategy on Crypto Winter Outlook
Recently, Kraken closed its Abu Dhabi office less than a year after securing a license in the region. This comes after the crypto exchange announced a wave of layoffs last year. Kraken's Head of Strategy Tomas Perfumo addresses reorganization, saying it was "independent of any any of event like FTX [but] born out of the notion we're trying to focus."
Kraken's Head of Strategy on Crypto Winter, FTX Fallout
Kraken Head of Strategy Thomas Perfumo discusses what's next for the exchange following a year of crypto price collapses and a wave of industry bankruptcies. Perfumo also discusses the decision to close Kraken's Abu Dhabi office and the lingering crypto contagion concerns in the wake of FTX's collapse.
CZ Denies Report Binance Met With Middle East Investors for Crypto Recovery Fund
Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. However, Zhao tweeted a reply that the report was "false" shortly after. "The Hash" panel weighs in on the latest with the FTX contagion concern and Binance's initiative to contribute to the broader crypto industry.
Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg
Binance plans to start a recovery fund to help projects with strong fundamentals, but suffering from a liquidity crisis.
Middle East Oil Producers Move Into Bitcoin Mining With Crusoe Energy Stakes
The U.S. startup – which uses flared natural gas to power bitcoin mining rigs – counts the sovereign wealth funds of Abu Dhabi and Oman as investors.
Dubai Real Estate Developer to Accept Crypto Payments Amid UAE Push for Crypto Hub Status
Several of the world's biggest crypto exchanges have flocked to the emirates in the last few months.
Kraken Receives UAE License to Operate as a Regulated Crypto Exchange
The exchange joins several counterparts plotting moves to or gaining licenses in the United Arab Emirates.
MobiKwik Pulls Crypto Support; Twitter NFT Hacker Strikes Again
Binance wins Abu Dhabi nod for another Middle Eastern outpost. India’s MobiKwik pulls crypto support. South Korea’s president-elect forges ahead with crypto policies. Twitter hacker takes over verified accounts to promote fake Azuki NFT drop. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
