Bitcoin Rising In The Gulf: UAE Sees Crypto Market Growing 10-Times This Year
The Bitcoin (and crypto market in general) in the Middle East and North Africa (MENA) region is the fastest growing in the world, according to a report released by data platform Chainalysis. Countries that are part of MENA are Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait and Lebanon. Other nations within the region include […]
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Thai leading energy producer, Gulf Energy Development Company, hopes to complete a crypto Joint Venture (JV) with the world’s famous cryptocurrency exchange Binance in the Q 2 of 2022, a senior executive said in an interview with Reuters. Financial Chief Officer at Gulf Energy, Yupapin Wangviwat, affirmed; “Once we conclude talks with Binance on the […]
Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners. Iran ICT Minister Says Gulf Island of Kish Has What It Takes to Be a Crypto Exchange Center Muhammad Javad Azari Jahromi, the Islamic Republic’s minister for information and communications technology, made the crypto-friendly proposal during a recent visit to Kish. The 91-square-kilometer....
With good times, good results are often dealt. With tough times, the road can get bumpier. Look no further than crypto sports sponsorships as a prime example; after a year of new sports sponsorship entrants through one of the fastest-growing categories in major league sponsorship deals, this year has seen the market dry up with […]
Gulden continues its meteoric rise, multiplying its market cap tenfold over the last month alone and rising into the top 25 cryptocurrency charts. The Dutch cryptocurrency has had a good year overall, growing from a market cap of about $400,000 at the beginning of the year, and rising to the $1 mln mark in early September. Since then, the currency has taken off, growing over tenfold in the month and a half since then to $10.5 mln at time of writing, almost $7 mln of that over the last week alone. According to Rijk Plasman, this growth has come mainly from users new to the cryptocurrency....
According to TokenInsight 2021 Crypto Trading Industry Annual Review, the industry continues to break through, with 2021 full-year trading volume reaching $112 trillion, of which about half is futures contracts ($57 trillion), compared with spot trading that accounts for 43% ($49 trillion). In addition, the total crypto trading volume increased 3.37 times year on year. To be specific, futures contracts have grown the most by nearly 6 times, spot 2.3 times, and delivery contracts 2.36 times only. The overall data presented in the Review shows rapid growth in the futures market in 2021. It....