Latest news with #RamiAlsridi
Mid East Info
2 days ago
- Business
- Mid East Info
Progressive Regulation and Zero Tax Policy Drive UAE's $34 Billion Crypto Boom - Middle East Business News and Information
The Middle East has officially transitioned from crypto-curious to crypto-committed, with the UAE leading a generational financial shift; positioning the region as a major digital asset powerhouse. According to a new report by a leading provider of blockchain and Bitcoin solutions, Mining Grid – the UAE received $34 billion (AED124B) in crypto inflows between July 2023 and June 2024, recording a 42% YoY growth rate. This surge places the UAE as a key player in the global crypto ecosystem, with over 500,000 daily crypto traders now active in the country. The Middle East attracted $338.7 billion in crypto inflows during the same period, marking an 11.73% YoY increase and securing its position as the 7th largest crypto market globally. Over 93% of that volume came from institutional-sized transfers, highlighting a maturing market driven by long-term strategies rather than speculation. Youth adoption has become a defining characteristic of the UAE's crypto landscape. With over 74% of young adults aged 25-34 showing active interest in cryptocurrency, and 21% planning to trade crypto within the next 12 months, the country leads regional participation in youth-driven digital finance. Social platforms including TikTok, WhatsApp, and YouTube have become primary discovery channels for this demographic, fostering a socially connected generation pursuing financial independence through digital assets. Growth brings challenges, with nearly half of young crypto users concerned about misinformation – opening the door for trusted platforms to lead in education and responsible adoption. Solaiman AlRifai, Founder & Board member, Mining Grid said, 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth. With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.' Regional neighbours are following suit with their own approaches. Saudi Arabia recorded remarkable 153% growth and leads GCC countries in youth crypto adoption rates. Oman has taken a sustainability-focused path, investing over $1.1 billion in green mining infrastructure to position itself as a hub for environmentally conscious crypto mining operations. Rami Alsridi, Founder and CEO, Mining Grid said, 'The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter. We're also witnessing a surge in Bitcoin mining, driven by demand for decentralization, transparency, and energy-conscious innovation.' Bitcoin maintains market dominance while Ethereum's ecosystem resilience keeps digital assets in the spotlight. Stablecoins have become a cornerstone of regional value transfer, now comprising 66% of all on-chain transactions. The tokenization of real-world assets, including real estate and bonds, is driving new waves of institutional interest across the region. Mining Grid, which serves over 60,000 users globally with a physical presence in the UAE, has played a pivotal role in accelerating regional crypto adoption through accessible and energy-efficient mining solutions. The company's approach addresses traditional concerns about Bitcoin mining's energy demands by reimagining it as an infrastructure opportunity aligned with regional sustainability goals. Looking toward 2026, analysts from Mining Grid project that youth-led crypto accounts will become the largest new onboarding segment in the region by Q4 2025 and Gulf countries are expected to continue exploring sustainable crypto mining practices. The report anticipates continued growth in mobile-first, gamified crypto platforms, increased institutional participation in tokenised assets, and accelerated adoption of clean-energy-backed mining models across the Middle East. -end- Note to the editor : This report uses data from verified analytics platforms, official regulatory sources, and proprietary insights from Mining Grid's user base. Full report, view here. About Mining Grid: Mining Grid is a leading provider of sustainable blockchain solutions, committed to revolutionising the global mining industry. With a focus on eco-friendly transparent practices and cutting-edge technology, Mining Grid empowers users in the MENA region to participate in the future of blockchain with confidence and responsibility. For more information, please visit For media inquiries, please contact: Sharon Fernandes sharon@ | 050 1916232
Web Release
3 days ago
- Business
- Web Release
Progressive Regulation and Zero Tax Policy Drive UAE's $34 Billion Crypto Boom
The Middle East has officially transitioned from crypto-curious to crypto-committed, with the UAE leading a generational financial shift; positioning the region as a major digital asset powerhouse. According to a new report by a leading provider of blockchain and Bitcoin solutions, Mining Grid – the UAE received $34 billion (AED124B) in crypto inflows between July 2023 and June 2024, recording a 42% YoY growth rate. This surge places the UAE as a key player in the global crypto ecosystem, with over 500,000 daily crypto traders now active in the country. The Middle East attracted $338.7 billion in crypto inflows during the same period, marking an 11.73% YoY increase and securing its position as the 7th largest crypto market globally. Over 93% of that volume came from institutional-sized transfers, highlighting a maturing market driven by long-term strategies rather than speculation. Youth adoption has become a defining characteristic of the UAE's crypto landscape. With over 74% of young adults aged 25-34 showing active interest in cryptocurrency, and 21% planning to trade crypto within the next 12 months, the country leads regional participation in youth-driven digital finance. Social platforms including TikTok, WhatsApp, and YouTube have become primary discovery channels for this demographic, fostering a socially connected generation pursuing financial independence through digital assets. Growth brings challenges, with nearly half of young crypto users concerned about misinformation – opening the door for trusted platforms to lead in education and responsible adoption. Solaiman AlRifai, Founder & Board member, Mining Grid said, 'The UAE's clear regulations and zero capital gains tax have created the perfect environment for crypto growth. With an engaged and forward-looking population, it's no surprise the country is now seen as the crypto capital of the Arab world.' Regional neighbours are following suit with their own approaches. Saudi Arabia recorded remarkable 153% growth and leads GCC countries in youth crypto adoption rates. Oman has taken a sustainability-focused path, investing over $1.1 billion in green mining infrastructure to position itself as a hub for environmentally conscious crypto mining operations. Rami Alsridi, Founder and CEO, Mining Grid said, 'The UAE has created the ideal environment where curiosity meets clarity. We're seeing a new generation that doesn't just want to invest in crypto but wants to understand it, build with it, and lead its next chapter. We're also witnessing a surge in Bitcoin mining, driven by demand for decentralization, transparency, and energy-conscious innovation.' Bitcoin maintains market dominance while Ethereum's ecosystem resilience keeps digital assets in the spotlight. Stablecoins have become a cornerstone of regional value transfer, now comprising 66% of all on-chain transactions. The tokenization of real-world assets, including real estate and bonds, is driving new waves of institutional interest across the region. Mining Grid, which serves over 60,000 users globally with a physical presence in the UAE, has played a pivotal role in accelerating regional crypto adoption through accessible and energy-efficient mining solutions. The company's approach addresses traditional concerns about Bitcoin mining's energy demands by reimagining it as an infrastructure opportunity aligned with regional sustainability goals. Looking toward 2026, analysts from Mining Grid project that youth-led crypto accounts will become the largest new onboarding segment in the region by Q4 2025 and Gulf countries are expected to continue exploring sustainable crypto mining practices. The report anticipates continued growth in mobile-first, gamified crypto platforms, increased institutional participation in tokenised assets, and accelerated adoption of clean-energy-backed mining models across the Middle East.
Mid East Info
07-04-2025
- Business
- Mid East Info
Mining Grid Introduces A Revolutionary Approach To Earn Bitcoin Globally - Middle East Business News and Information
As Bitcoin's value continues its upward trajectory, Mining Grid, a leading provider of blockchain and Bitcoin solution is set to launch 'Cores Racing', an innovative system designed to make Bitcoin mining more competitive, fair, and rewarding in April. Cores Racing builds on the success of Mining Race, Mining Grid's pioneering platform, which has attracted over 50,000 App users from 140 recent opening of the company's Dubai showroom marks another major milestone in its mission to reshape the Bitcoin mining landscape. At the heart of this initiative is a community-driven competition model that transforms traditional mining into a more engaging and rewarding experience. Unlike conventional mining structures that offer fragmented payouts, the model will reward participants based on each newly mined Bitcoin block, bringing back the excitement and fairness of early Bitcoin mining. Rami Alsridi, Founder and CEO, Mining Grid said, 'Our goal is to bring back the original vision of Bitcoin—a decentralized system where individuals can actively participate and benefit fairly. Our model ensures that individual miners have a real chance to win meaningful rewards, making mining more engaging and financially rewarding.' This model provides an accessible and cost-effective entry point for individuals looking to participate in Bitcoin mining. By restoring fairness and decentralization to mining rewards, it fosters a global network where participants compete and collaborate, enhancing engagement while promoting sustainability and inclusivity. Solaiman Al-Rifai, Founder and Board Member, Mining Grid said, 'With over 50,000 app users, the demand for fair and competitive Bitcoin mining solutions is clear. This launch builds on the success of Mining Race and further strengthens our commitment to innovation and accessibility in the mining space.' With Bitcoin's mining difficulty reaching record highs and institutional players dominating the landscape, Cores Racing represents a transformative step in making mining more inclusive, rewarding, and competitive. Mining Grid continues to drive innovation as the industry evolves, ensuring that Bitcoin's core principles of decentralisation and fairness remain at the forefront.
Zawya
07-04-2025
- Business
- Zawya
Mining Grid introduces a revolutionary approach to earn Bitcoin globally
UAE: As Bitcoin's value continues its upward trajectory, Mining Grid, a leading provider of blockchain and Bitcoin solution is set to launch 'Cores Racing', an innovative system designed to make Bitcoin mining more competitive, fair, and rewarding in April. Cores Racing builds on the success of Mining Race, Mining Grid's pioneering platform, which has attracted over 50,000 App users from 140 recent opening of the company's Dubai showroom marks another major milestone in its mission to reshape the Bitcoin mining landscape. At the heart of this initiative is a community-driven competition model that transforms traditional mining into a more engaging and rewarding experience. Unlike conventional mining structures that offer fragmented payouts, the model will reward participants based on each newly mined Bitcoin block, bringing back the excitement and fairness of early Bitcoin mining. Rami Alsridi, Founder and CEO, Mining Grid said, 'Our goal is to bring back the original vision of Bitcoin—a decentralized system where individuals can actively participate and benefit fairly. Our model ensures that individual miners have a real chance to win meaningful rewards, making mining more engaging and financially rewarding.' This model provides an accessible and cost-effective entry point for individuals looking to participate in Bitcoin mining. By restoring fairness and decentralization to mining rewards, it fosters a global network where participants compete and collaborate, enhancing engagement while promoting sustainability and inclusivity. Solaiman Al-Rifai, Founder and Board Member, Mining Grid said, 'With over 50,000 app users, the demand for fair and competitive Bitcoin mining solutions is clear. This launch builds on the success of Mining Race and further strengthens our commitment to innovation and accessibility in the mining space.' With Bitcoin's mining difficulty reaching record highs and institutional players dominating the landscape, Cores Racing represents a transformative step in making mining more inclusive, rewarding, and competitive. Mining Grid continues to drive innovation as the industry evolves, ensuring that Bitcoin's core principles of decentralisation and fairness remain at the forefront. About Mining Grid Mining Grid is a leading provider of sustainable blockchain solutions, committed to revolutionising the global mining industry. With a focus on eco-friendly transparent practices and cutting-edge technology, Mining Grid empowers users in the MENA region to participate in the future of blockchain with confidence and responsibility.
Web Release
07-04-2025
- Business
- Web Release
Mining Grid Introduces A Revolutionary Approach To Earn Bitcoin Globally
By Editor_wr On Apr 7, 2025 As Bitcoin's value continues its upward trajectory, Mining Grid, a leading provider of blockchain and Bitcoin solution is set to launch 'Cores Racing', an innovative system designed to make Bitcoin mining more competitive, fair, and rewarding in April. Cores Racing builds on the success of Mining Race, Mining Grid's pioneering platform, which has attracted over 50,000 App users from 140 recent opening of the company's Dubai showroom marks another major milestone in its mission to reshape the Bitcoin mining landscape. At the heart of this initiative is a community-driven competition model that transforms traditional mining into a more engaging and rewarding experience. Unlike conventional mining structures that offer fragmented payouts, the model will reward participants based on each newly mined Bitcoin block, bringing back the excitement and fairness of early Bitcoin mining. Rami Alsridi, Founder and CEO, Mining Grid said, 'Our goal is to bring back the original vision of Bitcoin—a decentralized system where individuals can actively participate and benefit fairly. Our model ensures that individual miners have a real chance to win meaningful rewards, making mining more engaging and financially rewarding.' This model provides an accessible and cost-effective entry point for individuals looking to participate in Bitcoin mining. By restoring fairness and decentralization to mining rewards, it fosters a global network where participants compete and collaborate, enhancing engagement while promoting sustainability and inclusivity. Solaiman Al-Rifai, Founder and Board Member, Mining Grid said, 'With over 50,000 app users, the demand for fair and competitive Bitcoin mining solutions is clear. This launch builds on the success of Mining Race and further strengthens our commitment to innovation and accessibility in the mining space.' With Bitcoin's mining difficulty reaching record highs and institutional players dominating the landscape, Cores Racing represents a transformative step in making mining more inclusive, rewarding, and competitive. Mining Grid continues to drive innovation as the industry evolves, ensuring that Bitcoin's core principles of decentralisation and fairness remain at the forefront. Mining Grid Introduces A Revolutionary Approach To Earn Bitcoin Globally Prev Post AVEVA appoints Sébastien Ory as EMEA VP Partners & Channels Comments are closed.
