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The massive AI deal between the U.S. and the United Arab Emirates (UAE) is reportedly on hold before it can be finalized due to national security reasons. The deal, which gives the green light to the UAE to buy billions of dollars worth of AI chips from Nvidia and other semiconductor companies, is on hold … Read more
The UAE is taking measures to integrate next-gen Web3 solutions into the country’s energy, infrastructure, and government services. To this end, the UAE Ministry of Energy and Infrastructure (MoEI) signed a partnership with Shiba Inu on 5 February 2025. The collaboration marks a historic milestone, making MoEI the first-ever government entity of the UAE to … Read more
The Phoenix Group, a UAE-based crypto powerhouse, is flexing its muscles in the US. On 6 January 2025, the company announced that its latest 50MW Bitcoin mining facility in North Dakota is officially live and operational. Boosting Hash Rates With Cutting-Edge Tech The North Dakota facility is nothing short of a beast. Designed with advanced … Read more
Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation’s Bitcoin holdings. In a recent X tweet, Zhao shared an article claiming the United Arab Emirates holds $40 billion in Bitcoin (BTC). The figure immediately drew attention from industry observers, particularly crypto lawyer Irina Heaver. … Read more
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