UAE’s Phoenix Tech orders crypto mining rigs for $650 million, the largest deal on record
    10 Nov 2021
    786 Views

    Phoenix Technology Consultants LLC, a tech firm based in the UAE, has ordered crypto mining rigs for $650 million. This one of the largest purchases on record was revealed on Tuesday by Phoenix Tech CEO Munaf Ali at the World Digital Mining Summit (WDMS) in Dubai. The brand new generation machines delivery will start in…

    DeFi in 5 years can be 100 times larger than today
    10 Nov 2021
    594 Views

    The decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable, as predicts Artem Tolkachev on Cointelegraph. Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has…

    NexChange CEO: Blockchain has already revolutionized the financial industry
    10 Nov 2021
    426 Views

    In an interview with Gulf Business, Juwan Lee, chairman and group CEO of NexChange Group, shared his insights on the current market trends and how blockchain technology will revolutionize the financial sector in the Middle East. Speaking regarding the ongoing hype around blockchain technology, Juwan Lee mentioned the fact that the world is moving from…