Ali Alobaid, the managing director of trading platform BitOasis in Saudi Arabia, expects cryptocurrency use in the MENA region to grow fast over the next few years. He said the value of virtual asset transactions in the Kingdom was worth around $20 billion, with over 800,000 Saudis using digital currencies last year. This year, Ali…
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday – Sam Kessler and Sage D. Young analyzing on CoinDesk. The Terra money machine collapsed almost entirely Wednesday. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA,…
Opening up the UAE real estate to cryptocurrency payments could be the biggest change to the sector since the Palm Jumeirah was announced, said Christopher Flinos, the CEO of Hayvn. According to Hayvn CEO, the benefits of crypto payments, including no cheques, no loans, no fees, no taxes, and lower costs, make better houses more…
Unwrapping Sam Bankman-Fried’s analogy about money-printing boxes, Daniel Kuhn of CoinDesk describes why he sees crypto as a luxury good. About 20 minutes into his latest interview with Bloomberg, crypto’s favorite entrepreneur Sam Bankman-Fried said something revealing about the industry: Crypto is mostly a shell game. “You know, where do you start? You start with…
Digital assets present both opportunities and challenges that the regulators have to deal with, says Raghuram G. Rajan, former governor of the Reserve Bank of India. A well-functioning financial system is a key component of any successful economy. Without efficient payments and broadly accessible financial services, people cannot engage easily in commerce, save for a…
What does it take for a technology to really break through? – asks Dan Jeffries, an author, futurist, systems architect, and thinker, speaking on CoinDesk’s Payments Week. How does it go from something only a few people use to something everyone uses without even thinking about it? For over a decade people have wondered whether…