/
•
•
Detailed stories on technology startups, business and economic current affairs.
The success of the new memecoins is proof that there are still people out there willing to fall for obvious crypto scams. But why?

The crypto industry has once again shown us that the depths of human stupidity are truly unfathomable.
Let’s see how. Incoming US president Donald Trump on Saturday announced $TRUMP, his own cryptocurrency token. Within a day, its market cap jumped to a peak of $15 billion. At the time of writing this, the token continues to have a market cap of over $10 billion. To put that in context, Ola Electric, one of India’s leading electric two-wheeler manufacturers, has a market cap of around $3 billion (a rare comparison where the Bhavish Aggarwal-led company appears to have a reasonable valuation). …
ADNOC’s strong numbers underline a strategy built on higher output, shipping gains and new routes that sidestep the risky Strait of Hormuz.
Peace talks bring relief to the Emirates, but there’s still a ways to go before full-scale recovery.
The US-Israel campaign has turned Dubai’s strongest tourism months into a stress test for the emirate’s hospitality sector.