Tag: UAE

Saudi Arabia and the UAE are rolling out a red carpet of easy cryptocurrency regulation, US crypto entrepreneurs say. It’s setting up a contrast to the US, where officials are tightening crypto rules. Financial giants like Goldman Sachs CEO David Solomon and Blackstone CEO Stephen Schwarzman attended the Future Investment Initiative in Riyadh, where joined…

Phoenix Technology Consultants LLC, a tech firm based in the UAE, has ordered crypto mining rigs for $650 million. This one of the largest purchases on record was revealed on Tuesday by Phoenix Tech CEO Munaf Ali at the World Digital Mining Summit (WDMS) in Dubai. The brand new generation machines delivery will start in…

Ripple has announced that it would be partnering with international fintech company Pyypl to deploy the first-in-market On-Demand Liquidity (ODL) services in the Middle East using XRP. While the SEC’s lawsuit against Ripple Labs is confirmed to stretch to 2022, the San Francisco-based blockchain company seems to look overseas more eagerly. Ripple is now intensively…

CV Labs has found its unique niche in the blockchain development market. It is creating an infrastructure in which cryptocurrency companies, developers of blockchain, DeFi and GameFi solutions, NFT market participants, and everyone else somehow connected to this industry can feel comfortable. CV Labs has offices in Switzerland and the UAE, but the company’s geography…

Please tell us about your company, you’ve been on the market since 2017, its entire lifetime in the crypto world? I was blessed and very lucky to be an early investor in bitcoin. In fact, I didn’t know I was investing in something. I just sort of got dragged into it. And to be honest,…

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…