Global Fund for Digital Currency Investments launched

In an exciting development in the cryptocurrency ecosystem, Alphabit, global fund registered in Dubai and the Cayman Islands, has been launched with a target of $300 million.  “Managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions” co-founder Liam Robertson said in an interview with Reuters.  A formal launch of the fund will take place in September 2017 after the fund shows a 6 month track record.   Digital currencies such as Bitcoin are issued and usually controlled by its developers, and are used by…

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Bitcoin Adoption in Dubai

Dubai, known for the tallest building, man made structure and free standing structure – Burj Khalifa, the world’s only 7-star hotel – Burj Al Arab, and the second-largest yacht in the world “Dubai” which is owned by the sheikh. Dubai is going full steam ahead to position themselves as a Blockchain hub and centre of FinTech innovation starting with the launch of Dubai Smart City early in 2014.   “When Dubai does things, we tend to do it right.  It is true that we want to do it first, but we…

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