Tag: latest updates
Long Eid Break Spurs Travel Boom for UAE Residents
The prospect of an extended Eid Al Fitr holiday in April is triggering a surge in travel demand among UAE residents. With whispers of a potential nine-day break circulating, residents are scrambling to secure getaways, with all-inclusive packages proving...
Remote Control Revolution: High-Tech Takes the Wheel of RC Cars
Gone are the days of simple remote-controlled cars sputtering around the living room floor. Today’s RC car market caters to a growing segment of enthusiasts – “big kids” seeking adrenaline-pumping speed, precision control, and off-road domination. To navi...
Deepfakes in Political Ads Spark Regulatory Scramble
States across the United States are scrambling to implement regulations on deepfakes used in political campaigns, amid growing concerns about the potential for misinformation and voter manipulation. This surge in state-level action comes as the Federal El...
Swedish Central Bank Chief Seeks to Curb Bitcoin’s Influence
Erik Thedeen, governor of Sweden’s central bank, the Riksbank, has made his concerns about Bitcoin clear, calling for its limited involvement in the country’s financial system. Thedeen expressed his reservations during a parliamentary hearing on monetary...
AI boom and energy transition is opportunity for savvy investors
The convergence of the AI boom and the global energy transition is a compelling investment opportunity for forward-thinking investors, says the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech org...
Feds Seize $1.4 Million in Crypto Linked to Elder Abuse Scam
U.S. authorities announced the recovery of $1.4 million worth of Tether (USDT) cryptocurrency on March 12th. The funds are suspected to be proceeds from a fraudulent customer support scheme that preyed on elderly victims. The operation, a joint effort by...
South Korea Cracks Down on Crypto Tax Evasion with New Virtual Asset System
South Korea’s National Tax Service (NTS) is taking a significant step towards clamping down on cryptocurrency tax evasion with the development of a virtual asset tax system. This system, expected to be operational by 2025, aims to enhance transparency in...
Kingdom Rising: Saudi Arabia Unveils Vision for a High-Tech Future
Saudi Arabia is poised for a metamorphosis. Long known for its oil reserves and conservative traditions, the kingdom is now setting its sights on a future gleaming with innovation and futuristic megacities. This ambitious vision, spearheaded by Crown Prin...
Surge in Bitcoin Investment Signals Return of Bull Market
The cryptocurrency market is abuzz with renewed optimism as Bitcoin, the world’s leading digital currency, experiences a significant surge in daily investment. Data indicates that capital inflows into Bitcoin have reached $2 billion, a level last witnesse...
BlackRock’s Bitcoin ETF Soars Past 200,000 BTC Mark
BlackRock’s iShares Bitcoin Trust (IBIT), launched in February as part of a wave of U.S. spot Bitcoin ETFs, has surpassed a major milestone in its holdings. The fund now manages over 200,000 bitcoins (BTC), reflecting a strong investor appetite for the wo...
Streamlined Song Rights: Spotify Embraces Blockchain for Artist Payments
Music streaming giant Spotify is making a splash in the world of blockchain technology. In a move designed to streamline artist compensation, Spotify has acquired Mediachain, a Brooklyn-based startup specializing in blockchain solutions for the music indu...
Dubai Multi Commodities Centre Sees Influx of New Businesses
The Dubai Multi Commodities Centre (DMCC) witnessed a surge in new companies in 2023, solidifying its position as a leading business hub. With a record-breaking year nearly achieved, DMCC welcomed a staggering 2,692 new businesses, bringing the total numb...
JP Morgan CEO Throws Shade on Bitcoin’s Value
Jamie Dimon, CEO of financial giant JPMorgan Chase, reignited the debate on Bitcoin’s legitimacy during a recent interview. While acknowledging the right to invest in the cryptocurrency, Dimon expressed skepticism about its underlying value and potential...
Inflation Shows Signs of Cooling in February Report
The Bureau of Labor Statistics released its latest Consumer Price Index (CPI) data today, indicating a slight moderation in inflation. Year-over-year inflation came in at 3.1%, down from 3.5% in January. This is also marginally better than the forecasted...
Property Boom in Dubai Fueled by Golden Visa Program
Dubai’s real estate market is experiencing a surge in demand thanks to the emirate’s Golden Visa program, which offers investors a 10-year residency permit. This influx of interest is causing a shift in both buyer behavior and developer strategies. Indust...