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0 CommentsIn 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…
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…
At a webinar held in Bahrain on Wednesday, experts have discussed how new digital payment means are facilitating transactions, and how cryptocurrencies can help to develop Islamic finance, The Gulf Daily News reported. A collaboration of Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi) and the Islamic Corporation for the Development of the…
According to a study by the National Bureau of Economic Research (NBER), the top 10,000 individual investors in Bitcoin control about one-third of the cryptocurrency in circulation. Despite the growing popularity of Bitcoin, its ownership is still concentrated in just a few hands, the Time reported. Usually, it is difficult to determine the concentration of…
DeFi, built on blockchain and legacy financial systems, is on the verge of clashing in one of the most tumultuous battles in economic history, writes Alex Shipp on Cointelegraph. On the opening day of Messari Mainnet 2021, New York City’s long-awaited first crypto conference since the start of COVID-19, reports came blazing in via a…
Changpeng Zhao (CZ), Binance CEO, became a speaker at Day 2 of the Future Blockchain Summit in Dubai. By his words, progress will come in the blockchain world, but it will come slowly. When regulators fully embrace all things crypto, the industry will reach a tipping point, CZ predicts. Speaking at the Future Blockchain Summit,…
