abu dhabi

Bitcoin mining company Marathon Digital (NASDAQ: MARA) received a second subpoena from the U.S. Securities and Exchange Commission (SEC) concerning its 100-megawatt data center located in Hardin, Montana. Marathon disclosed in a quarterly report on May 10 that the subpoena, issued on April 10, was...

Coinbase (NASDAQ: COIN) is engaging with regulators in the United Arab Emirates (UAE), namely the Abu Dhabi Global Market (ADGM), to expand the licensing and availability of its cryptocurrency exchange. Nana Murugesan, Coinbase VP of International and Business Development, predicts that this move...

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has obtained a license to operate in Bermuda, signaling its plan to increase international business. The license from the Bermuda Monetary Authority allows Coinbase to launch an offshore derivatives exchange in Bermuda as soon as...

Michael Novogratz, the founder of digital asset financial services company Galaxy Digital Holdings Ltd., believes that the growing enthusiasm of cryptocurrency investors is counterbalancing the adverse effects of a U.S. regulatory crackdown on the industry. "Despite the extensive international...

According to a court filing on Tuesday, a Delaware bankruptcy judge has given the go-ahead for Abu Dhabi's investment arm to acquire FTX's assets in Sequoia Capital Fund for $45 million. The sale to Al Nawwar Investments RSC Limited satisfies the restrictions set by U.S. bankruptcy law,...

Elon Musk‘s SpaceX is reportedly looking at investment from a unit of Saudi Arabia‘s investment fund and an Abu Dhabi based company. What Happened: Badeel — Saudi Arabia's Water and Electricity Holding Company, which is part of the country's Public Investment Fund — and the United Arab...

Cryptocurrency exchange Kraken closed its Abu Dhabi office less than a year after obtaining a local license as part of its ongoing retrenchment efforts. The company reportedly laid off most of its team focused on the Middle East and North Africa, affecting around eight employees. The exchange...

Abu Dhabi-based Venom Ventures Fund announced a $5 million strategic investment in Layer 1 blockchain Everscale. This investment will be made in stages and will be based on the progress and cooperation between the two companies, The Block reported. The investment will also be one of the first...

Indian behemoth Reliance Industries Ltd.'s digital arm Jio Platforms has raised $750 million from Abu Dhabi's sovereign wealth fund, it announced Sunday. What Happened The investment will give Abu Dhabi Investment Authority a 1.16% stake in Jio, the latter said. Morgan Stanely (NYSE: MS)...

SeaWorld Entertainment Inc (NYSE: SEAS) announced Wednesday it has entered into a licensing partnership with Miral, a destination developer, to develop SeaWorld on Yas Island in Abu Dhabi. Positive Announcement Barclays’ analysts view this announcement as positive, and although SeaWorld...

Walt Disney Co (NYSE: DIS) newest "Star Wars" theme park addition, Star Wars Land, has been receiving updates to its Star Wars Launch Bay. The company recently asked for permission from the Federal Aviation Administration to use drones at both Disneyland and Disney World for entertainment purposes...

There are several ETF options for investors that are seeking to invest in the Middle East region of the world. The largest, by assets, is the WisdomTree Middle East Dividend ETF (NYSE: GULF) that has $80 million under management. The ETF has 60 percent of its portfolio in two countries –...

According to kcautv.com, Abu Dhabi in the United Arab Emirates celebrates Christmas with an $11 million dollar tree decorated with gold ornaments and gem stubbed bows. The host of this extravagant decor is the Emirates Palace Hotel, a no-nonsense resort sporting its own marina, heli-pad and a...