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…

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…

Ripple has announced that it would be partnering with international fintech company Pyypl to deploy the first-in-market On-Demand Liquidity (ODL) services in the Middle East using XRP. While the SEC’s lawsuit against Ripple Labs is confirmed to stretch to 2022, the San Francisco-based blockchain company seems to look overseas more eagerly. Ripple is now intensively…

Breaking crypto news from the last week (Oct. 30 – Nov. 5, 2021): 30 Oct.: Celebrity investor Kevin O’Leary claimed that sovereign funds in Saudi Arabia and the UAE represent the “real opportunity” for transforming the crypto marketplace, speaking in a recent interview with Anthony Pompliano on The Best Business Show. 31 Oct.: Little-known cryptocurrency…

Dubai expects more than 1,000 cryptocurrency businesses to be operational by 2022, said the chief of the Dubai Blockchain Centre at Gitex Global in Dubai. A growing number of institutional investors and wealth managers plan to increase their exposure to crypto-assets between now and 2023, which accelerates efforts to boost its digital economy. Free zones…

Phemex took part in the 19th global World Blockchain Summit in Dubai, UAE. Jack Tao, Phemex CEO, speaking at the event, emphasized the growing importance of Metaverse in the blockchain industry. During the World Blockchain Summit in Dubai, Phemex CEO Jack Tao gave a presentation, explaining how his crypto exchange platform supports Metaverse development in…

BitcoinDeFi (BTCDF) has become one of the most popular crypto projects, which takes place on exhibition at the 19th World Blockchain Summit in Dubai, proposing for cooperation and development policies received the consensus of organizations and investment funds in the field of cryptocurrencies. In the coming time, the BTCDF investment community awaits to benefit soon…

Gulf Crypto Insight exclusive BitOasis is a Dubai-based cryptocurrency exchange platform. Created back in 2015, it is perhaps the oldest crypto company in the region. Today it allows traders and investors to buy and sell digital currencies such as bitcoin, ethereum, and others against fiat currencies and other virtual assets. Earlier this year, BitOasis’s ADGM…

Game publisher Electronic Arts (EA) has told investors that collectible NFTs are “an important part of the future of our industry.” EA’s CEO sees promise for tracking in-game collectibles and “play-to-earn” schemes. During an earnings call this week, EA boss Andrew Wilson referred to NFTs and blockchain gaming as an “important part about the future…

Venmo, PayPal, and Cash App have added cryptocurrency purchasing to their popular payment services, expanding the reach of Bitcoin, Ether, and other digital coins to investors who may be daunted by intricate exchanges and a multitude of digital wallets. However, that convenience comes at a cost that can eat away at returns. Payment apps are…