VanEck report: Ethereum L2 market value is predicted to reach $1 trillion by 2030

Deribit's Dubai Gambit: Setting Up Global HQ After Securing Conditional VARA License

Deribit, the world’s largest cryptocurrency options exchange, is set to establish its global headquarters in Dubai following the granting of a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA). This move signifies a strategic shift in the company's operations, with plans to cater primarily to institutional investors. Additionally, Deribit has announced leadership changes and intends to pursue further expansion in the European market by seeking an EU brokerage license. Despite these developments, the operational status of the Dubai exchange is contingent upon meeting VARA's requirements, which could potentially lead to delays.

ElphaPex DG 1 Mining Machine Exhibited at BlockChain Life Dubai 2024

The ElphaPex brand is honored to announce that it will participate in BlockChain Life Dubai 2024 in April to officially introduce our innovative product-ElphaPex DG 1 mining machine to the media and audience.

First Round of Speakers for TOKEN2049 Dubai Revealed

TOKEN2049 Dubai will take place in the Madinat Jumeirah from April 18th-19th 2024, bringing together an estimated 7,500+ attendees from across the globe

The LinkTo Dubai Exclusive Dinner concluded successfully in Dubai, marking a milestone in Web3 innovation for short video advertising

Dubai Regulator VARA Bans Islamic Coin Following Investigation into Terrorist Financing, Money Laundering

Bored Gen DMCC (BG), the parent entity of Islamic Coin, had been under VARA's scrutiny regarding the legal issuance, marketing, and distribution of the token.

ABC Conclave Dubai 2023 to Explore Fusion of Web2 and Web3

This is a response to the blockchain industry's rapid evolution; ABC Conclave seeks to bring together minds and projects to spur innovation and define the future of decentralised technology.

Cryptocurrency Custody Venture Komainu Secures Operating License from Dubai's VARA

Komainu, a collaborative venture in the cryptocurrency custody sector involving Nomura, Ledger, and CoinShares, has successfully acquired an operating license from Dubai's Virtual Asset Regulatory Authority (VARA).

Dubai's VARA Fines OPNX $2.7M for "Market Offenses"

While the founders and CEO have settled their fines, VARA reported that OPNX is yet to make the required payment, potentially leading the regulator to take further measures against the platform.

Dubai Regulator VARA Takes Action Against BitOasis

The market alert issued by VARA states that BitOasis is being reviewed for failing to meet the mandated conditions required for VARA-regulated market activity within the specified 30-60 day timeframes. Earlier this year, BitOasis was granted Dubai's "minimum viable product operational license," but the regulator may now rescind that license.

Deribit Eyes Dubai Amidst Global Expansion Plans: Report

The crypto options exchange is also looking to obtain broker licenses in UK, Brazil, and Singapore.