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Dubai

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27 May 23

Dubai deepens crypto ties with proposed Bitcoin Tower Hotel

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Italian developer, Salvatore Leggiero, unveils plans for the Bitcoin Tower, an hotel chain in Dubai that combines blockchain technology, artificial intelligence, and material sustainability. It will offer guests the opportunity to earn interest on their suite rentals. Leggiero envisions a hotel […]

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26 May 23

Dubai calls for more collaboration between watchdogs to combat scams

Dubai calls for more collaboration between watchdogs to combat scams The rapid rise of cryptocurrency scams and investment frauds has resulted in staggering global losses, surpassing $100 billion in 2023 alone. In response to this concerning trend, Dubai is leading the charge in advocating for collaborative efforts among regulatory bodies to combat these scams effectively […]

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22 May 23

World’s first bitcoin tower in Dubai coming soon says developer

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The United Arab Emirates may soon be the home of a hotel in shape of a bitcoin. The 40-story tower is set to be unveiled on May 24th, says the developer. The world’s first bitcoin tower in Dubai A developer in […]

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11 May 23

Standard Chartered launching crypto custody service in Dubai

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Standard Chartered Bank has revealed plans to offer institutional-grade digital assets custody services in Dubai via its subsidiary, Zodia Custody, pending regulatory approval. Barely three months after reaching a definitive agreement with Japan’s SBI Digital Asset Holdings to set up a […]

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08 May 23

Ripple sets sights on Dubai expansion amid favorable regulatory environment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Payment solutions giant, Ripple, announced plans to expand its operations to Dubai, citing the region’s transparent regulatory framework and growing customer base as key factors in its decision. Ripple, a prominent payment solutions provider, and the issuer of XRP, has announced […]

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02 May 23

Dubai crypto regulator sends reprimand letter to OPNX founders

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recently uncovered reports indicate that Dubai authorities have reprimanded 3AC co-founders for illegally promoting the OPNX exchange. 3AC founders oversaw the fall of one of the largest crypto hedge funds last year. Reports indicate that Kyle Davies and Su Zhu were […]

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18 Apr 23

Bybit to open global headquarters in Dubai following 50% increase in users

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange Bybit announced the opening of its global headquarters in Dubai, following a 50% increase in the platform’s user base, which has more than 15 million users worldwide. As one of the leading crypto exchange platforms in the Middle East […]

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05 Apr 23

Dubai dives deeper into Binance’s operations for licensing

Dubai’s world trade centre authority has requested additional information from crypto firms, including Binance, applying for operating licenses in the emirate, highlighting its commitment to creating a secure and well-regulated environment for the growing digital asset sector. In recent news, the Dubai world trade centre authority (DWTC) has requested further information from cryptocurrency firms, including […]

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22 Mar 23

Enya Labs partners with Dubai Multi Commodities Center to expand web3 in Boba Network

Enya Labs, a core contributor of Boba Network, has partnered with Dubai Multi-Commodities Crypto Center (DMCC) to grow blockchain and Web3 enterprises in Dubai. The hybrid blockchain can access off-chain data to build smarter applications. Enya Labs and DMCC partner for web3 scaling Enya Labs is a software innovator founded by a Stanford faculty and […]

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20 Mar 23

Crypto.com secures MVP approval from Dubai regulators

Crypto.com has announced that it has been granted an MVP preparatory license by the Dubai Virtual Assets Regulatory Authority (VARA). The permit will lay the foundation for the exchange to extend its operations to the region. Crypto.com, the world’s 18th-largest crypto exchange by trading volume, is on the verge of setting up shop in crypto-friendly […]

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