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0 CommentsBitcoin surged above $60,000 for the first time in six months on Friday, pushing the digital coin further toward its all-time high, as traders speculated US regulators would approve the launch of the first Bitcoin futures exchange-traded fund (ETF). The world’s biggest cryptocurrency rose 6% to its highest level since Apr. 17 at $61,488.41, according…
While cryptocurrency adoption in the Middle East is reaching an all-time high, experiencing a 400% growth between 2013 and 2016, industry experts shared their insights on digital assets and the future of finance in a panel session moderated by Arabian Business’s editor-in-chief Scott Armstrong. Since 2015, the AIM Summit has become a platform for discussions…
– CV VC invests in blockchain start-ups across Europe, Africa, and the Middle East. – It recently launched a Dubai incubation program, offering firms up to $125,000. – Its CIO and Dubai managing partner spoke to Insider about the fund’s expansion plans. For some industry insiders, a second ‘crypto valley’ – the major blockchain hub…
Dubai government has remained crypto-friendly to promote investment in the sector. With no capital gains tax and ease of buying and selling anonymously, Dubai makes life easy for crypto investors. Lack of tax on income or capital softens the anti-money-laundering laws in the emirate. Dubai, a prosperous city in the United Arab Emirates (UAE), might…
As we anticipated, the American and European financial systems are actively resisting the “new money”. In the US, the Treasury has joined the SEC in its efforts, and in the EU, the opposition comes from the European Central Bank. In mid-September, the US Department of the Treasury was reportedly developing guidelines for stablecoin issuers. Once…
Art that was usually confined inside the museum or the apartment has found an expansive new home now – in the world of crypto. Contemporary art sales are back, hitting a record $2.7 billion in the past year, thanks to the love between young people and blockchain. According to Artprice, a leader in art market…
