Dubai’s encryption party is greater than ever

Dubai, United Arab Emirates-On Dubai’s Wet Night in early May, I joined the guests who gathered in the five-storey Lotus team, 220 feet to celebrate Taken2049 coronation, a major conference for encryption in the cold desert UAE called the country.

The party, Dujius, the developer of the application behind Blockchain for Dogecoin, hosted the Meme Shiba Inu coin that saw a hard rally in 2021 and briefly turned into some of the bullish buyers to the millionaires.

It is part of a long series of prominent industry events in the United Arab Emirates and feels a great symbol of increased enthusiasm around cryptocurrencies in the Middle East-and at the global level-now.

The attendees spread around me over a colored mixture. Crypting investors, founders of startups, programmers and influencers – and those who, after half an hour of conversation, are still not really explaining what they do.

One of the guests said, “Maybe I heard me. Elon brings me a lot.” I heard him later saying the same line for three other people.

A couple of female attendees promoted the Dubai -based start -up starting and designing business plans for companies and businessmen “by calculating astrology and childbirth numbers.” They told me that “millionaires often look at this flag … but billionaires love it.”

Guests were launched from all over the world, where they share a common passion for the future of decentralized digital currency and a revolution in financing. A mini image of Dubai itself, the boat was a crucible of nationalities and personalities.

One of the American passengers wore a cowboy hat and a Ninja turtle bag in the Mimi symbol that included Sheba Eno at a cowboy hat called $ Wit Coin, standing on “What in Tarnation”. Among the Tikila footage discussed cooperation with encryption enthusiasts who flew from China.

The list of guests also appeared Olaf Carlson-WEE, The Bleach Blonde Originale Bubble boy from encryptionWho was the first employee of Coinbase and later founded Polychain Capital, one of the largest coding boxes in the world. Carlson Wei, whose clear wealth is estimated in hundreds of millions, said he is frequently transferred from Los Angeles to work with the government of the United Arab Emirates.

“Intelligent people, low taxes … and the desire to actually look and realize that the modern financial system is broken” is part of making the United Arab Emirates very attractive to encrypted currency lovers like himself, Tell Trump the younger CNBC During the conference.

Speaking on the stage on May 1, Eric Trump has also announced that the world freedom world for the Trump family will provide investment in MGX, backed by MGX, backed by Abu Dhabi, which is the largest exchange exchange in the world.

“We thank MGX and Binance for their confidence in us,” Zak Witkev told the audience. “It is only the beginning.”

In February, by Dubai, it was based on Dubai, that it was a victim The penetration that the Internet criminals had been traveling at $ 1.5 billion The value of symbols-the largest theft of encryption in history.

The attendees said tokeen2049. The UAE has learned from its experiences.

“It is not easy,” said Jefferson of Dujius. “It is easy to say,” hey, you can do anything here. “It is difficult to do an organizational framework as other countries around the world accept it and realize that if you are a company designed here (in the Emirates) and under these regulations, it is legitimate. So I think this is the most important part.”

Many encryption investors have described the due care work in the United Arab Emirates as becoming more advanced, but they say that the organization at a level still makes it more friendly to the industry than the United States or Europe.

“People really feel construction encryption companies in Dubai against the United States-the United States is very organized,” said William Athanas, founder of XMARKES in Miami, a new predicting market in Dujius. “This is something they are working on – Trump and Elon suggested that they want to remove 10 lists for everyone who adds it. But we haven’t seen it really.”

On the night of a yacht party, May 1, Bitcoin He was trading at $ 94,808. At the time of publication, it is circulated at 110,538 dollars.

Danny Liu, a Chinese citizen currently in Sweden who participated in the establishment of the life protocol-was a Blockchain platform to enable scientific research that society drives-in Dubai for the first time to attend the Crypto and Dogeos Boat Party conference.

“Before I got here, I felt that the feeling of the market was not high, and people were less willing to bear the risks,” Liu said. “But I came to Dubai, and I see that people are still dancing. I was surprised. The show is continuing.”

CNBC Ryan Brown He contributed to this report.