Author: Crypto Insider

The UAE will see rapid growth in crypto activities, Sandhya D’Mello predicts in Khaleej Times. Meanwhile, the Abu Dhabi Global Market (ADGM) has already 11 fully licensed and approved in-principle virtual asset players in its community. The UAE known to be at forefront of innovation and emerging technologies will witness more global players descend on…

Dubai Multi Commodities Centre (DMCC) has revealed crypto and blockchain firms constituted 16% of the 655 new company registrations that were recorded in Q1 of 2022. The surge in crypto-related registrations also coincided with a quarterly period in which the DMCC is reported to have recorded its highest quarterly performance since inception. One of the…

Breaking crypto news from the last week (Apr. 9 – 15, 2022): Apr. 9: In the UAE, cryptocurrencies have rapidly been gaining appeal among younger demographics. Latest surveys by market researcher YouGov revealed over 54% of residents aged between 18 and 35 years are expressing increased openness towards crypto. Apr. 10: CryptoCompare tracker data shows…

Mani Thawani, a Spanish entrepreneur, aims to lead the mass crypto adoption movement in Dubai. His company Blockmatica now oversees five crypto-related businesses, including the TV reality show ‘Block Talent’ and a metaverse project. As Khaleej Times reported, Thawani’s holding company Blockmatica Group has already executed exciting projects, such as ‘Block Talent,’ a funding incubator…

For the near future, financial executives can expect substantial ambiguity surrounding all things DeFi, which they can best confront with an open mind, a level head, and a willingness to roll up their sleeves and get involved, Jorge Camarate, Antoine Khadige, and Vishal Gupta, Senior Associate, from Strategy& wrote on Arabian Business. Financial service companies…

As crypto adoption continues to rise at unprecedented levels, Stephen Stonberg, CEO of cryptocurrency exchange Bittrex Global, sees the growth of the crypto sector as ‘too big to ignore’ for traditional financial institutions. Just regulatory clarity would provide added impetus to it, he suggests. Crypto adoption continues to rise at unprecedented levels, with expanding use…