Middle East News 247
Blockchain & Cryptocurrency Business

Why crypto is going mainstream and what it means for the UAE

A digital asset ecosystem is starting to develop in the Emirates and has the potential to grow exponentially

Over the past month, the market in digital assets and cryptocurrencies has witnessed significant volatility, but pricing risks remain clearly biased to the upside.

To put this into numbers, the price of Bitcoin has increased from $33,758 a month ago to the current price of $57,300 as of Sunday. At the same time, the price of Ethereum, the second-most dominant digital asset, has risen from $1,347 to its present trading value of $1,787.

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