• May 25, 2022

    NFTs: Beyond the Metaverse

    We are at the brink of another internet evolution, where currency is decentralized via cryptocurrency and borders are porous in metaverse, technology is perpetually advancing, and the early adopters of new technology are more often than not rewarded for taking-on the risk of transition. Source: Goldman Sachs Among several approaches to bridge this gap, one that has caught a lot of attention recently is the Metaverse. Metaverse can be thought of as virtual-reality space, which allows users to interact with...

  • December 20, 2021

    Most cryptocurrencies decline in November due to worries over COVID-19 variant and regulatory pressures

    Most cryptocurrencies declined in November on the back of concerns over the new COVID-19 variant, tax-reporting requirement in the U.S infrastructure bill and China’s increasing clampdown on cryptocurrencies. Performance and Key Metrics Source: Refinitiv U.S’ USD 1 trillion infrastructure bill includes a provision for brokers to report information on crypto traders transacting an amount of over $10,000 to the Internal Revenue Services (IRS). The lack of clarity in the bill on the term ‘broker’ raised doubts about the new regulations...

  • November 17, 2021

    Bitcoin and Ethereum touch all-time high in October

    October marked a record-breaking month for cryptocurrencies with Bitcoin touching its all-time high in October. With bitcoin price soaring, the market cap for bitcoin also breached the 1 trillion threshold. The second largest cryptocurrency – Ethereum, also touched its all-time high of USD 4,402 in October, on the back of upward crypto momentum and a recent technical upgrade to the Ethereum network. Ethereum based meme cryptocurrency – Shiba Inu soared 155% in the last week of October and 1,000% over...

  • April 6, 2017

    Remittance agents can advance with Blockchain technology

    The article originally appeared in The National | Business. Traditional business models are being challenged by new disruptive technologies whose speed of development makes the "catch-up" act very difficult. However, if something can provide solutions to problems encountered by businesses and individuals, it is most certainly welcome. One of the biggest problems is faced by the large expat population in the region, which relies on remittances to transfer cash across borders. For an industry worth nearly US$100 billion in the GCC,...