Author: Emirates Insight
TL;DR The primary cryptocurrency has been in a free-fall state for the past few days, dropping from $119,000 to a multi-week low of under $112,000 hours ago. A popular analyst has highlighted the most significant support zones that could be tested next. BTCUSD. Source: TradingView The chart above paints a clear picture. Bitcoin peaked in mid-July after an impressive rally and shot beyond $123,000 to mark its latest record. However, it couldn’t maintain such high levels and started to retrace. It spent the next ten days or so in a relatively tight range between $117,000 and $120,000 with little to…
Dubai-based carrier Emirates and IHG Hotels & Resorts have signed a Memorandum of Understanding (MoU) to explore joint collaborations on programmes designed to meet the travel needs of Small and Medium Enterprises (SMEs) across global markets. The signing ceremony was attended by Nabil Sultan, Emirates’ Executive Vice President for Passenger Sales and Country Management; Matthew Jones, VP-USA, Emirates; Ashraf Baytam, Senior Manager Global Business Travel, Emirates; and Ryan Plemmons, Vice President, Global Sales Strategy, IHG Hotels & Resorts. The partnership will see the Dubai-based carrier and IHG explore ways to reach and engage with SMEs through value-added benefits and rewards…
GAIA has partnered with Samsung to launch a limited-edition AI-native phone, built on the Galaxy S25 Edge. Designed for AI sovereignty, the device enables users to run large language models directly on-device, eliminating cloud dependency while offering privacy, ownership, and rewards through its decentralized AI ecosystem. In this interview, Shashank Sripada, the project’s COO and Co-founder, explains how the GAIA Edition Galaxy S25 aims to make AI sovereignty tangible, offering users direct control over their data and digital assistants from the device itself. You describe GAIA as enabling “AI sovereignty.” In practical terms, what does that mean for the average…
The institutions aim to transform emerging talent into a future-ready workforce as part of Dubai’s Education 33 Strategy. The programmes support the emirate’s vision to position itself among the world’s top 10 cities for education by 2033, aligning with the goals of Education Strategy 2033 and Dubai Economic Agenda ‘D33’. “The future belongs to the innovators who can imagine and create it, and education is the catalyst to cultivate such visionaries. Our ecosystems address this imperative by uniting globally renowned universities that offer curriculums designed to equip today’s students with tomorrow’s essential skills. We will accelerate such collective efforts to…
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024 and had made several attempts to have their lawsuit dropped. Pleas Changed on Wednesday According to court documents shared earlier in the week, the executives agreed to change their admissions during a Wednesday morning hearing before Judge Denise Cote. The two faced charges of conspiring to launder money, a crime punishable by up to 20 years in prison, and operating an unlicensed money-transmitting business, which carries a five-year sentence. This brings…
Deyaar Development took another step in its financial turnaround, posting a 31.6 per cent increase in net profit before tax to AED 266.6 million (US$72.6 million) in its financial results announced for the first half of 2025. Increasing confidence of investors and the strong demand in Dubai’s real estate market, in addition to the company’s high efficiency in project execution led the company to significantly outpace market expectations, with total revenue climbing 39.2 per cent year-on-year to AED 925.4 million (US$252 million) in H1 2025, compared to AED 664.4 million (US$180.9 million) in the same period last year. Deyaar posts…
Crimes involving cryptocurrency are worryingly on the rise, becoming ever more aggressive and, as in this case, quite shocking. Regardless of whether alleged or not, this is the harsh reality we are currently facing in this day and age. Pleading Not Guilty According to a story from Fox News, two culprits are accused of torturing an Italian millionaire in his apartment in New York, reportedly over a stash of $100 million in Bitcoin, and one of them was released after spending two months in the Rikers Island prison. The discharged is John Woeltz, 37, on the condition of a $1…
Real-world asset tokenization is already a massive department within the blockchain industry. Real World Asset Tokenization Is Here By giving a real-world asset like a house, car, artwork, collectible item, or season tickets to a sports franchise a blockchain token, cryptocurrency platforms can provide more financial services for users. In fact, various blockchains hosted $24 billion worth of tokenized real-world assets in June 2025, according to a tally posted by Forbes. According to the survey, over 205,000 blockchain users held deeds to some real-world assets with the help of 194 various smart contract issuers. While that’s a large number of…
Etihad Airways has expanded its network of partnerships as the UAE carrier positions Abu Dhabi as a hub for international aviation connections. The airline operates over 40 codeshare partnerships, connecting travellers to more than 100 destinations on its own network and over 300 destinations through partner airlines. The partnerships have established Abu Dhabi as one of the most accessible cities globally. Etihad boosts network with key alliances Etihad has formed partnerships with Ethiopian Airlines, China Eastern Airlines and Air Europa. The carrier has also signed codeshare agreements with Air Seychelles, Akasa Air, TAP Air Portugal and Sky Express. These agreements…
Ripple’s cross-border payments token took central stage in July as it finally did what many thought it was impossible and broke its all-time high set over seven years ago (January 2018) at $3.4. XRP peaked at $3.65 after a mindblowing 65% rally that took place in just a matter of ten days or so. However, the third-largest cryptocurrency, which had a market cap of well over $200 billion at that point, has already dropped by 20% to a multi-week low of $2.9 as of press time, raising a few questions, such as whether it has already reached its 2025 high.…