Latest Crypto News IN APRIL 2023.
Do you think Tim Draper’s predictions will come true?
Tim Draper is a venture capitalist that has been one of the few investors that can be found in most successful businesses. His intuition to pick a winner in the real world is exceptional. Having invested and profited heavily in companies like Hotmail, Skype, Tesla, and Twitter, Draper turned his head to Bitcoin and cryptocurrency. Being a steady investor in crypto for a few years, Draper was quoted as having made predictions about the future price of bitcoin. According to Draper, Bitcoin would reach $250,000 by 2024. While not the most accepted opinion of forecast of the future price of Bitcoin, what do you think? Will Bitcoin see exponential growth by the year 2024?
UAE continues to lead the way in being a crypto-friendly country and attracting companies
The United Arab Emirates and its government has created a safe haven for all crypto and tech-based companies. With the country being heavily dedicated to becoming a tech hub for the future more and more companies are looking towards expanding to the region. The most recent organizations to expand its operations in the MENA region is Republic Crypto.
Saudi Arabia Investments in 40 Tech Companies
The launch of Bitcoin in 2009 and the introduction of the world to Blockchain technology had the world focused on the innovation this new technology would bring. Since then there has also been an increase in the use of the Cloud, and the talks of Web3. Combined with Cryptocurrencies, cloud-sharing systems, and faster internet, governments are also interested in capitalizing on the opportunities this tech brings with it. Saudi Arabia is one such country that took the time to carry out due diligence on investment opportunities. As per the latest sources, the country has invested in 40 countries that belong to the Web 3, Crypto, and Blockchain fields. The increasing interest clearly shows that the government has an interest in the future applications of Digital Currencies.
Countries move towards blocking AI such as ChatGPT
The increase in Artificial Intelligence-based websites and organizations has made life easier for many. But at the same time, some countries are not entirely happy with the safety protocols put into place. Amongst the few countries to officially ban ChatGPT is Germany and Italy. The countries have expressed concerns over the data security provided by the platform. Currently, both governments are carrying out due diligence, but in the meantime, the access to ChatGPT will remain blocked.
CEOs favor UAE for tech-based businesses and organizations.
The government of the United Arab Emirates has been actively taking part in creating laws that promote crypto and web3-based businesses. Amongst the businesses that are looking towards a favorable UAE environment is the CEO of Cryptocom. In a recent interview, the CEO of Cryptocom stated, “ The United Arab Emirates has a suitable environment for digital currencies, with the government’s strong indication to invest in blockchain and Web3 and a suitable regulatory framework to support this goal.”
