Dubai – Page 5 – Ƀitsell X

Dubai Crypto Exchange BitOasis Secures Investment from Jump Capital and Wamda – Here’s the Latest

August 26, 2023

Dubai-based cryptocurrency exchange BitOasis has secured a round of funding from a group of investors, including Indian digital-asset platform CoinDCX. According to a Friday report from Bloomberg, the specific terms of the deal and the valuation of the exchange have not been disclosed. The report revealed that the recent funding round saw participation from existing investors Wamda Capital and Jump Capital. … Read…
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Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams, Phantom Launches the ‘Sign In With Solana’ Feature

August 22, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams, Phantom Launches the ‘Sign In With Solana’ Feature Read more »Sign up…
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Dubai to Subsidize Commercial Licenses for Web3 and AI Companies

August 19, 2023

Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract companies in this sector as part of its push to become a worldwide tech hub. Dubai to…
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Dubai Offers Web3 and AI Firms A 90% License Fee Cut, Seeks To Host Largest Tech Firms In MENA

August 15, 2023

Dubai has announced a 90% registration subsidy for web3 and Artificial Intelligence (AI) companies seeking operational licenses in the city as it seeks to create the largest pro-tech hub in the Middle East and North African Region (MENA). Dubbed the Dubai AI and Web3 Campus, the city rolled out a vision for its tech space…
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Binance Users Reach 150 Million, CZ Reveals

August 5, 2023

Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months. Crypto Exchange Binance Adds 30 Million Users in a Year The…
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Bankrupt Crypto Exchange FTX Wants Dubai Entity Detangled From US Bankruptcy Filings: Here’s The Latest

August 3, 2023

Bankrupt digital asset exchange FTX has filed a motion to exclude its Dubai entity from the ongoing bankruptcy proceedings in the United States. Per the motion, the company argues that FTX Dubai was not in business before Nov 2022 when bankruptcy documents were filed and as such there is no need for restructuring its operations…
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FTX files motion to exclude its Dubai unit from bankruptcy proceedings

August 3, 2023

FTX filed for bankruptcy in November 2022, with 102 of its units worldwide entering Chapter 11 proceedings. Bankrupt crypto exchange FTX has filed a motion in court to remove its Dubai unit from ongoing restructuring proceedings in the United States. In a court filing on Aug. 2, FTX argued that its Dubai unit didn’t conduct any business…
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Binance Obtains Dubai License to Provide Crypto Exchange Services

August 2, 2023

The world’s largest cryptocurrency exchange, Binance, has received a license to operate in Dubai as a regulated platform. The authorization will allow the crypto giant to offer exchange and other services for virtual assets to institutional and qualified retail investors. Dubai Virtual Assets Regulatory Authority Grants Binance MVP License Crypto exchange Binance announced Monday that…
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Crypto Trading Platform Bitget Expands to the Middle East, Opens Dubai Office

July 21, 2023

Cryptocurrency exchange Bitget is set to expand its operations to the Middle East, with plans to hire up to 60 new staff members in the region. In a Thursday press release, Bitget revealed that it has opened an office in downtown Dubai to support its expansion, and is also exploring opportunities in countries like Bahrain and the United Arab Emirates…
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Dubai crypto regulator suspends BitOasis crypto exchange license

July 11, 2023

BitOasis was the first crypto exchange to get an operational license in Dubai, which has now been suspended by the local regulator for not meeting key conditions in time. Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority. On July…
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Tag: Dubai