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Hindustan Times
04-05-2025
- Business
- Hindustan Times
Eric Trump attends ‘very wild' crypto conference in Dubai; here's what happened inside luxury resort
President Donald Trump's emissaries, including his son Eric Trump and Zach Witkoff, the son of Trump's special envoy to the Middle East Steve Witkoff, were in attendance at Token 2049 in in Dubai's Madinat Jumeirah resort. With tickets ranging from $500 to $5,000, it was the largest cryptocurrency conference. In its article, the Wall Street Journal described the two-day celebration as 'very wild' as the 'Money Rain' event, which featured crypto-printed banknotes floating into the air and huge whale mascots dressed as astronauts waiting in line for lunch. According to the article, the VIPs at the festivities were former inmates, but people have forgotten the reason for their detention. For instance, supporters welcomed Changpeng Zhao, the creator of the Binance exchange. He departed a California jail in September. Meanwhile, Arthur Hayes, who was placed under house imprisonment by a judge for money-laundering offenses, stated that it was time for the business to launch an offensive. 'Some wore shimmering silver tuxedos or suits emblazoned with the bitcoin symbol and cyborg sunglasses. They could slingshot across the resort's canals on a zip line or get their photo taken on a camel draped in a crypto exchange's logo. Organizers handed out free champagne flutes. Outside, it hit 107 degrees,' the report mentioned. Also Read: Trump-backed crypto firm joins hands with Pakistan Crypto Council to boost blockchain innovation During his speech on the second day, Eric Trump predicted that the cryptocurrency industry would overtake big banks. Eric and his brother Donald Trump Jr. oversee the family's ownership of World Liberty Financial, a company that Zach Witkoff co-founded. This month, Abu Dhabi-based DWF Labs revealed that it had acquired $25 million worth of World Liberty tokens, making it one of its largest holders. Eric Trump announced that Bitcoin will be accepted as payment for flats in a new proposed tower in Dubai that the Trump Organization and a premium real estate developer unveiled this week.
Time of India
03-05-2025
- Business
- Time of India
Eric Trump attends Dubai's 'very wild' crypto party where money rained, many VIPs were ex-prisoners
The biggest crypto conference called Token 2049 was held in Dubai's Madinat Jumeirah resort with the ticked ranging between $500 to $5,000 and it had the luminous presence of President Donald Trump's representatives -- his son Eric Trump, and Zach Witkoff, the son of Trump's special envoy to the Middle East Steve Witkoff. Tired of too many ads? go ad free now The Wall Street Journal depicted the two-day party as wild as giant whale mascots dressed in astronaut costumes lined up for lunch and crypto-printed banknotes were flying into the air during the "Money Rain" event. The VIPs of the events are ex-prisoners but people have forgotten why they were arrested, the report said. For example, Changpeng Zhao, founder of the Binance exchange, who left a California jail in September, was greeted by supporters. Arthur Hayes, whom a judge sentenced to house arrest for money-laundering violations, said it was time for the industry to go on the attack. "Some wore shimmering silver tuxedos or suits emblazoned with the bitcoin symbol and cyborg sunglasses. They could slingshot across the resort's canals on a zip line or get their photo taken on a camel draped in a crypto exchange's logo. Organizers handed out free champagne flutes. Outside, it hit 107 degrees," the report said. Eric Trump was there on the second day and as he addressed the event, he said the crypto world will take over the big banks. Eric and his brother Donald Trump Jr manage the family's stake in World Liberty Financial , a firm co-founded by Zach Witkoff. Abu Dhabi-based DWF Labs disclosed a $25 million purchase of tokens tied to World Liberty this month, becoming one of its biggest holders. Trump Tower in Dubai to accept Bitcoin payment Eric Trump said buyers for apartments in a new planned tower in Dubai that the Trump Organization launched this week, alongside a luxury real estate developer, will be able to pay with Bitcoin.
Time of India
03-05-2025
- Business
- Time of India
Erci Trump attends Dubai's 'very wild' crypto party where money rained, many VIPs were ex-prisoners
Eric Trump attended the world's biggest crypto event Token 2049 in Dubai. The biggest crypto conference called Token 2049 was held in Dubai's Madinat Jumeirah resort with the ticked ranging between $500 to $5,000 and it had the luminous presence of President Donald Trump's representatives -- his son Eric Trump, and Zach Witkoff, the son of Trump's special envoy to the Middle East Steve Witkoff. The Wall Street Journal depicted the two-day party as wild as giant whale mascots dressed in astronaut costumes lined up for lunch and crypto-printed banknotes were flying into the air during the "Money Rain" event. The VIPs of the events are ex-prisoners but people have forgotten why they were arrested, the report said. For example, Changpeng Zhao, founder of the Binance exchange, who left a California jail in September, was greeted by supporters. Arthur Hayes, whom a judge sentenced to house arrest for money-laundering violations, said it was time for the industry to go on the attack. "Some wore shimmering silver tuxedos or suits emblazoned with the bitcoin symbol and cyborg sunglasses. They could slingshot across the resort's canals on a zip line or get their photo taken on a camel draped in a crypto exchange's logo. Organizers handed out free champagne flutes. Outside, it hit 107 degrees," the report said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cette mutuelle fait tabac pour une simple raison Assurnova En savoir plus Undo Eric Trump was there on the second day and as he addressed the event, he said the crypto world will take over the big banks. Eric and his brother Donald Trump Jr manage the family's stake in World Liberty Financial , a firm co-founded by Zach Witkoff. Abu Dhabi-based DWF Labs disclosed a $25 million purchase of tokens tied to World Liberty this month, becoming one of its biggest holders. Trump Tower in Dubai to accept Bitcoin payment Eric Trump said buyers for apartments in a new planned tower in Dubai that the Trump Organization launched this week, alongside a luxury real estate developer, will be able to pay with Bitcoin.
NDTV
03-05-2025
- Business
- NDTV
Inside World's Largest Crypto Event: Giant Whale Mascots, Zipline Rides
The world's largest crypto event, called Token2049, was held in Dubai at the Madinat Jumeriah Resort from April 30 to May 1. The conference was attended by 15,000 people from more than 160 countries and featured over 200 speakers, including industry leaders, policymakers, and innovators. The event kicked off early with the DJ playing music before 9 am. People were spotted dressed as giant whales in astronaut suits, a playful nod to crypto culture. Some were even dressed in shiny silver tuxedos or suits with Bitcoin logos and cyborg-style sunglasses. There was an event called "Money Rain," in which promoters launched confetti of crypto-printed banknotes into the air. Later in the night, there was a dance party in the desert where VIPS grooved to the peppy beats and enjoyed Armand de Brignac champagne worth $500 (approx. Rs 42,500), reported The Wall Street Journal. Reportedly, the event organiser also handed out free glasses of champagne to people. There was a zipline over the resort's canals for attendees. A camel was also draped in a crypto exchange's logo for people to take photos, the report added. After the event, a parade of Lamborghinis and Ferraris drove guests to an afterparty at Bohemia Beach Club on the Palm Jumeirah. Organisers scattered memecoin-themed banknotes and gave one lucky guest a private experience with a Japanese adult-film star. According to the WSJ, many cities have tried to become the global centre for cryptocurrency. Malta called itself Blockchain Island, Switzerland as Crypto Valley, and Miami as MiamiCoin. But it is Dubai that is currently living up to the hype as big crypto companies like Binance have set up major offices there in recent years. People are making plans to invest in Dubai due to low taxes, a special regulator designed just for crypto, and wealthy investors in the Gulf, reported news agency Reuters. Dubai's Emirates NBD bank launched crypto trading services, and the DMCC announced plans for a new crypto tower by 2027, the report added.
Wall Street Journal
03-05-2025
- Business
- Wall Street Journal
What Happened in Two Days at a Very Wild Crypto Party
DUBAI — Giant whale mascots dressed in astronaut costumes created a bottleneck by the buffet lunch line. At the 'Money Rain' event, promoters launched confetti of crypto-printed banknotes into the air. At a late-night rave in the desert, VIPs danced with $500 bottles of Armand de Brignac champagne held aloft, lit up with sparklers. The biggest names in crypto and 15,000 of their biggest fans marked a new era of freedom at a madhouse of a conference this past week in Dubai called Token2049. Eric Trump showed up and promised to take down his family's banking foes.
