Author: Crypto Insider

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…

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…