News list for " abuza"
According to the 13F filing filed by Abu Dhabi's sovereign wealth fund, it increased its holdings in Quarter 1 by $436 million Bitcoin ETF.
Phoenix Group, an Abu Dhabi-based cryptocurrency miner, announced a 236% year-on-year revenue growth in fiscal 2024, with mining revenue reaching $107 million, a significant increase from $32 million in 2023 and $5.40 million in 2022, and an increase of 1,852% in two years. Phoenix Group's total revenue reached $206 million, net profit was $167 million, and consolidated income was $219 million.
According to Decrypt, the Aptos Foundation has announced that it will open a new office in ADGM, Abu Dhabi International Financial Centre, to expand its global business. The Abu Dhabi office will be the hub of the Aptos Foundation's activities in the region, focusing on building partnerships and supporting projects aimed at growing the Aptos ecosystem.
The Abu Dhabi Financial Services Regulatory Authority (FSRA) has officially listed Tether's USDstablecoin as an Approved Virtual Asset (AVA) on the Abu Dhabi Global Market (ADGM). The approval applies to USDon the Ethereum, Solana and Avalanche networks, authorizing FSRA-licensed entities to provide USDrelated pre-approval services.
Abu Dhabi's financial regulator plans to regulate the Fiat Reference Token (FRT), a stablecoin, in response to calls from stakeholders seeking to issue the token. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has said that FRT issuers will be subject to operational restrictions and requirements. The FSRA recommends that the market value of reserve assets be at least equal to the par value of all FRTs in circulation at the end of each business day. FRTs shou...
