MGX Invests $2B in Binance in Historic Crypto Funding Deal
Binance’s $2B funding deal with MGX underscores the growing role of stablecoins in large-scale institutional crypto investments.
UAE News and Updates
Recent UAE News
Massive Shiba Inu (SHIB) Announcement
SHIB is among the best-performing top 20 cryptocurrencies today (February 5).
Tether Announces Dirham-Pegged Stablecoin to Enhance UAE Financial Ecosystem
Tether's Dirham-pegged stablecoin aims to offer a secure and efficient solution for UAE transactions, including cross-border payments and trading.
UAE’s Central Bank Initiates Historic Cross-Border Digital Dirham Transfer to China
The transfer was sent via mBridge, a cross-border project introduced in 2021 by China, Hong Kong, Thailand, UAE in partnership
SC Ventures and SBI Holdings Launch $100 Million Crypto Initiative in UAE
The new venture will focus on firms in DeFi, market infrastructure, and tokenization among other things.
UAE Leads MENA Region in DeFi Adoption: Chainalysis Report
Chainalysis found that no country saw its crypto economy grow more this past year than Saudi Arabia.
Rain Acquires Abu Dhabi’s Financial Services Permission
Rain will now provide the only regulated on-ramp and off-ramp of AED into virtual assets in the UAE.
Coinbase Sees UAE as a Strategic Hub for International Operations
Coinbase believes that its establishment in the UAE will expand its global footprint.
Deribit Eyes Dubai Amidst Global Expansion Plans: Report
The crypto options exchange is also looking to obtain broker licenses in UK, Brazil, and Singapore.
CoinCorner Taps Dubai’s Royal Family to Facilitate Bitcoin Transactions
It is worth noting that UAE's crypto market grew by a 1,500% in 2020-21 over the previous financial year.
