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Showing posts with the label United Kingdom

Why the Recap report that puts Dubai UAE as the second top leading crypto city is nonsense

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  Recently Recap, a crypto tracking and capital gains solution provider, published its report under the title ‘Which Cities are leading the way in cryptocurrency’.   50 cities were put in the report. As per the report Recap scored these cities based on the following criteria. The first was quality of life score; personally I don’t see how crypto is related to quality of life. For me the most popular crypto enthusiasts and users are usually from cities and countries which have the most unbanked population or live in countries where the financial and economic situation is not that impressive. Examples include Morocco, Lebanon, Turkey, Egypt and others, all by the way not even mentioned in the report. Their second criterion was crypto specific events! Wow this was a first for me, so if a city carries out a lot of crypto events then automatically it becomes a city leading the way in cryptocurrency. This was actually one of the biggest reasons Kuwait was put on the list, coming in at 1

UAE Mubadala Capital takes first step in crypto blockchain direction and sponsors Token 2049 in London

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  UAE Mubadala Capital, a wholly owned subsidiary of Abu Dhabi sovereign fund Mubadala, is sponsoring for the first time a crypto event in the United Kingdom. Mubadala Capital, global asset managers with a presence in Abu Dhabi UAE, London, New York, Rio de Janeiro, and San Francisco, manages over $16 billion worth of assets. Mubadala Capital is participating as a bronze sponsor at the Token 2049 event in London. While Mubadala Capital commenced operations in November 2021 as a subsidiary, it had been investing for over a decade. The wholly owned asset management is focused on investing in disruptive technologies. The company had grown significantly in scale over the past decade, with $9 billion in third-party capital vehicles on behalf of over 50 institutional investors. While Mubadala Capital has a strong portfolio of investments in companies across the sports media and entertainment sector including EMI Music Publishing, Endeavour Group Holdings, Reigning Champs, Ultimate Figh