cryptonewsme

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Blockchain in UAE's Energy Sector

The energy sector is a multifaceted industry with different operations. Some companies focus on extracting fossil fuels, while others engage in power generation. The sector is heavily regulated in different countries, including the United Arab Emirates (UAE). However, the sector faces different challenges. Blockchain in the Energy Sector Blockchain technology stands as a perfect solution to…

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Cryptocurrency and Real Estate Tokenization in the UAE

In the last few years, tokenization has become quite popular concept in the United Arab Emirates (UAE). The concept even holds a central position in the global digital asset sector. Also, it is worth noting that the real estate market in the UAE gets attention from investors. Meanwhile, investors are paying close attention to the UAE real estate sector, which has lately seen a sharp increase in…

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Top Crypto Lending Platforms in UAE

Crypto lending works the same way traditional loans work, yet there are slight differences. We usually get a traditional loan from a centralized entity such as a bank. Crypto loans stem from an individual like yourself. Nevertheless, the concept is the same: Borrowers seek funds, and lenders provide them. Crypto Lending Platforms But how does one connect with potential borrowers in the crypto…

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Top Middle Eastern Countries to Mine Bitcoin

Ever since Bitcoin came into the mainstream, bitcoin mining has gone through different phases. What initially started as a straightforward task powered by desktop computers has now evolved into a sophisticated industry.  Bitcoin Mining Bitcoin mining involves generating new bitcoins through the resolution of highly intricate mathematical problems that authenticate transactions within the…

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Cryptocurrency and Cross-Border Trade in UAE

In the last few years, the Middle East has recorded one of the most rapid growths in the global crypto market. Many United Arab Emirates (UAE) crypto users in the region use crypto for remittances and savings,  Migrant Cryptocurrency Use in UAE As reported by the U.N. Capital Development Fund last year, nearly 90% of the UAE’s 9.3 million population are migrants. These migrants are primarily…

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Crypto and Mobile Payments in Saudi Arabia

Countries like Saudi Arabia have positioned themselves as major players in the digital landscape. Additionally, lately, there has been an increase in interest in cryptocurrency in the country and region at large. Saudi Arabia has been dedicated to promoting a cashless society. Hence, it is not surprising that the country records at least a 12% yearly increase in cryptocurrency…

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Dubai's Digital Economy Court

All over the world, industries, businesses, and service providers are increasingly incorporating digital technology into their core operations. In Dubai, the DIFC Courts introduced the Digital Economy Court Division.  DIFC Digital Economy Court In 2021, the Dubai International Finance Centre (DIFC) Courts launched the Digital Economy Court (DEC) Division. The courts were tasked with the…

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Cryptocurrency and 3D Printing in the UAE

Cryptocurrency and 3D printing stand as two technologies that have shaken up many industries when used in isolation. Combining these two technologies can unlock possibilities within and beyond the United Arab Emirates  3D Printing 3D Printing involves producing tangible objects by layering materials according to a digital model. 3D printing services offer a versatile solution capable of…

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Potentials of Sports and Cryptocurrency in Qatar

Qatar has established itself as a global sports center, especially since it is the first Middle Eastern country to host the FIFA World Cup in 2022. Although Qatar’s wealth fund shows no interest in investing in cryptocurrencies, cryptocurrency has huge potential to change the country’s sports space. How Cryptocurrency Can Change Qatar’s Sports Industry Crypto Sponsorships Crypto companies have…

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Cryptocurrency Adoption in Lebanon's Economic Crisis 

Lebanon is currently facing one of its most severe financial crises. Lebanon residents are dealing with hyperinflation, a depreciated currency, and widespread economic turbulence. Many have turned to cryptocurrency, especially Bitcoin. Economic Crisis in Lebanon The economic and financial crisis that plunged Lebanon started in October 2019. The COVID-19 pandemic made it worse. Also, the…

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Cryptocurrency Wallet Security in Egypt 

Cryptocurrency investors and traders in Egypt use wallets to store, manage, and transfer their digital assets. These wallets come in various types, such as cold or hot wallets. Hot wallets, being constantly connected to the internet, pose a vulnerability to crypto exchange hacks. Cybercriminals can exploit network weaknesses to breach a crypto wallet and steal the currency it holds. Types of…

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Cryptocurrency Taxation in UAE

Since cryptocurrencies became popular, people and companies have moved their tax residency to jurisdictions with lower or taxation on cryptocurrencies. Popular destinations for this purpose include Portugal, Andorra, and Panama. However, for those seeking to legally and risk-free benefit from a 0% tax rate on cryptocurrency sales, the United Arab Emirates, particularly Dubai, stands as the sole…

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Crypto: Chainalysis Reports Unprecedented $1 Billion in Ransomware Payments Recorded in 2023

In 2023, ransomware attacks on prominent organizations and infrastructure led to nearly $1 billion in cryptocurrency payouts. Below, we go into further detail. Addressing the Growing Threat of Ransomware Attacks in the Digital Age In 2023, cybercriminals stole a record $ 1 billion in cryptocurrency ransomware payments as a result of highly sophisticated attacks on well-known organizations and…

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Latest Crypto Coins On The Rise 

Rather than wander in the crypto space with little or no idea about suitable investments, you can embark on a journey to get as much information as possible detailing what coins to direct your money and investment to. This knowledge is essential because cryptocurrency, unlike other investments, depends mainly on expertise and using such to make investments. This knowledge is what helps you make…

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Top Cryptocurrency Investments In The UAE

Undoubtedly, cryptocurrencies have become a massive source of investment and point of transaction for people worldwide. Since the introduction of Bitcoin in 2008, many people around the world have thought it best to deal with these cyber currencies, and one such deal includes investing in buying, selling, storing, and trading in cryptocurrency. You can purchase the cryptocurrency directly or…

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5 Tips For Diversifying Your Cryptocurrency Portfolio

In the erratic world of digital assets, diversifying a cryptocurrency portfolio is essential for risk management and optimizing potential rewards. This essay will discuss five practical strategies for successfully diversifying your bitcoin holdings, supported by verifiable data and real-world examples. 5 Tips to Diversify Digital Assets and Cryptocurrency Portfolio  Research and Understand…

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Safest Cryptocurrency Exchange Platforms in Dubai

“We have elected to put our money and faith in a mathematical framework … free of politics and human error.” – Tyler Winklevoss, Founder of Gemini Cryptocurrency Exchange. Cryptocurrency exchange exists because of the need for a safe platform where persons can rest assured in protecting their digital assets. At the very core of cryptocurrencies’ selling points is the security that comes with it.…