Hashed Ventures Reportedly Expands to Abu Dhabi Market
According to report, South Korean crypto firm Hashed Ventures has entered the Abu Dhabi market by partnering with Hub 71, the city’s tech ecosystem organization. On June 27, Bloomberg reported that Simon Seo-Joon Kim, CEO of Hashed, has announced that his company will establish an office in the city and has initiated discussions with other […]
Microsoft’s Partnership with G42 Enables UAE Collab With OpenAI
Microsoft’s partnership with G42 paves the way for UAE’s integration with OpenAI, enhancing AI capabilities and fostering innovation. Microsoft has formed a partnership with G42, a prominent AI and cloud computing company based in the United Arab Emirates, in a move that emphasizes the increasing influence of artificial intelligence (AI). This agreement, which follows Microsoft’s […]
Microsoft Invests $1.5B Into Abu Dhabi-based G42
Microsoft recently invested $1.5B into Abu Dhabi-based AI company G42 to expand into the UAE and global artificial intelligence (AI) market. Microsoft explained on April 16 regarding the investment, stating that its purpose is to advance the development of artificial intelligence (AI) and increase the availability of state-of-the-art technologies worldwide, including the United Arab Emirates […]
Dubai’s VARA Grants Operational Approval to Crypto.com
Dubai’s Virtual Assets Regulatory Authority (VARA) has granted full operational approval to Crypto.com’s Dubai-based subsidiary, CRO DAX Middle East FZE. The notification from April 9 states that Crypto.com successfully fulfilled the pre-operational requirements listed in the Virtual Asset Service Provider Licence provided to CRO DAX Middle East FZE in November 2023, when VARA gave operational […]
UAE Tops as Bitcoin Mining Location in the Middle East
The United Arab Emirates (UAE) is progressively establishing itself as the region’s premier Bitcoin mining location, with a combined Bitcoin mining capacity of 400 megawatts, about 4% of Bitcon’s global hash rate. With 30 free trade zones, the Middle East has established itself as a Web3-friendly destination for crypto-focused businesses, and by 2023, the region […]