SHAREit connects users and apps in the crypto space

    SHAREit Group, a global technology company, presented its ability to connect numerous users in the Middle East. The platform drives around two million new users to various crypto apps each month. At the recent Crypto Dubai Expo, SHAREit Director of Global Partnerships Lisa Dominguez, in a keynote speech, shared that the UAE, Egypt, and Saudi…

    A clear-eyed view of DeFi for Middle East financial services executives

    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…

    Dubai: Will the Middle East’s new crypto oasis go global?

    Will Dubai, the Middle East’s new crypto oasis, go global, essays Liam Gibson for Wealth of Geeks. Dubai has big ambitions to become a regional and global destination for cryptocurrency. It is well-positioned as the most populous of the United Arab Emirates’ seven emirates and the region’s undisputed travel and trade hub. Located at the…

    Backing Arab NFTs is more than a token gesture

    NFTs have taken the internet by storm over the last five years, generating countless column inches and eye-watering levels of investment. This is a sector ripe with opportunity, but, as with any investment, it pays to do your homework, says Nasreen Faqihi, Chief Executive of NFT platform Crypto Camels Club. If you spend even a…

    US Bitcoin miners seek to expand to the Middle East

    Major Bitcoin miners in the US are looking at the Middle East, Europe, and other regions to expand their energy-intensive industry, Bloomberg reported. They are seeking low local electricity prices and liberal regulations on crypto mining. “We are geographically diversified in the US … but we are also looking outside the US,” Mike Levitt, chief…

    This year cryptocurrency will come of age in the Middle East

    Areije Al Shakar, the senior vice president at Bahrain Development Bank & director at Al Waha Venture Capital Fund of Funds, revealed her thoughts on Wamda. Banks and financial regulators in the Middle East have been slower to embrace cryptocurrency than Europe and the US. Before the pandemic, the Middle East’s crypto market was still…