Abu Dhabi’s crypto and blockchain businesses are expected to grow exponentially and attract international investors, more so from the United States. The registration authority of Abu Dhabi Global Market (ADGM) has issued a consultation paper seeking feedback on its proposed new framework for distributed ledger technology (DLT) market and token issuance. The regulatory authority has … Read more
Following a signed agreement between SpaceX and NASA, the government agency is considering SpaceX as an emergency return option for the ISS crew. Elon Musk’s SpaceX is about to receive financial backing from Saudi Arabia and Abu Dhabi investors in a new funding round. This follows an equity funding round in May 2022, which generated about … Read more
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 million. According to a recent report, the FTX sister trading firm agreed to sell the Sequoia stake to the Abu Dhabi sovereign wealth fund in … Read more
UAE megacity Abu Dhabi is beginning a well-funded initiative that would allow Web3 startups access vast resources for growth. Abu Dhabi has launched a new $2 billion initiative to support the region’s Web3 and blockchain technology startups. According to reports, the United Arab Emirates city’s tech ecosystem, the Hub71+ Digital Assets ecosystem initiative, will also facilitate … Read more