Tag: Adoption

Last week, top executives at financial firms recapped a quarter on Wall Street in their post-earnings calls with investors. A widely-cited topic in those conferences was imminent blockchain plans from the industry’s biggest firms, including BlackRock, JPMorgan Chase, and Goldman Sachs. CEOs of the major financial institutions, including BlackRock, JPMorgan Chase, and Goldman Sachs, were…

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…

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…

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…

Fasset, a crypto-asset gateway oriented to the Islamic world, is planning a major expansion, seeking to boost the adoption of cryptocurrencies in Indonesia and Pakistan, where it is still viewed with suspicion. The firm closed a $22 million Series A funding round led by Liberty City Ventures and Fatima Gobi Ventures, as well as regional…