How the $1.5bn Bybit hack has affected sentiment in the crypto sector
Future
Technology
Dubai-based company handled the situation well and analysts are urging calm amid a plunge in Bitcoin's price
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24 minutes ago
- Web Release
How can cloud mining help you achieve financial freedom? DN Miner helps you easily move towards financial independence
How can cloud mining help you achieve financial freedom? DN Miner helps you easily move towards financial independence The global crypto asset market is accelerating the compliance process. DNMiner, a cloud mining platform fully licensed and regulated by the UK Financial Conduct Authority (FCA), takes 'low threshold, high transparency, and strong compliance' as its core advantages to provide investors with safe and efficient crypto asset allocation solutions, helping users to easily enter the crypto market and achieve the goal of 'small investment and big investment' wealth growth. FCA supervision creates a security barrier and protects assets without worries As one of the few crypto asset service platforms that has passed the strict review of the UK FCA, DNMiner always follows regulatory requirements such as anti-money laundering, fund custody, and information disclosure to ensure the security of user assets and transparent transactions. The FCA's regulatory framework focuses on risk control and investor rights protection. DNMiner significantly improves the credibility of the platform through real-time audits, compliance reports, and third-party escrow accounts. Zero technical threshold leverages the dividends of the crypto market DNMiner innovatively launched the 'cloud computing power rental' service, completely breaking the barriers of traditional mining for hardware equipment, technical knowledge and high capital requirements: Flexible configuration, expected returns: users can freely choose computing power packages according to their budget, and can participate in the mining of mainstream currencies such as Bitcoin and Ethereum with a minimum of US$100, with a potential annualized return of up to US$50,000. Intelligent optimization, controllable risks: The platform is equipped with an AI computing power scheduling system, which can analyze market fluctuations and mining pool returns in real time, automatically optimize computing power allocation, and maximize user return rate. Extremely simple operation, global coverage: Zero cost start: New users can get a $100 reward provided by the platform after registration, which can be directly used to select the first mining contract and start making money. Flexible contract selection: DNMiner provides multiple investment packages, covering mainstream currencies such as Bitcoin, Ethereum, Dogecoin, etc., and supports short-term to long-term contracts. Contract name Plan Prices (USD) Expected duration (days) Daily interest rate (%) Total income (capital + profit) (USD) ?BTC? Experience Miner $100.00 1 3% $100+$3.00 ?BTC? Avalon 852 $530.00 2 3.3% $530+$64.98 ?BTC? Ebit E12 $1000.00 4 3.5% $1000+$140.00 Shenma mining machine M21-28T $3000.00 5 3.8% $3000+$456.00 ?BTC?Popular Mining Machines $8600.00 4 5.2% $8600+$1788.80 ?LTC? Antminer L3 $32000.00 2 5.5% $32000+$3520.00 ?ETH? Antminer Z9 $120000.00 4 8% $120000+$38400.00 For more information about the new contract, please visit the official website of the DN Miner platform: Transparent fees and security: The platform adopts a clear profit-sharing mechanism, with no hidden fees, and all asset custody passes the FCA compliance process to ensure the safety of funds. Invitation rewards: Invite friends to join and get an additional 7% reward, up to $5,000. Support multi-language interface and 24/7 customer service, covering more than 100 countries. Compliance drives the popularization of crypto investment DNMiner's rapid growth confirms the trend of the crypto market from 'wild growth' to 'compliant mainstream': Explosive growth in user scale: In 2025, the number of registered users on the platform will exceed 800,000, a year-on-year increase of more than 300%, of which more than 60% are retail investors who are first exposed to crypto assets. Market share leader: According to industry data, DNMiner currently occupies 15% of the global cloud mining market, and its computing power network covers core mining farms in North America, Europe and Asia, with an average daily output of 200 bitcoins. Promote the upgrading of industry standards: The 'Cloud Mining Service Compliance Guidelines' jointly developed by DNMiner and FCA have been referenced by regulators in many countries, setting a benchmark for the sustainable development of the industry.
Khaleej Times
2 hours ago
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UAE worker wins car at Eid event; 'big key' opens door to new home
When Nepali national Mukesh Paswan arrived in Dubai five months ago, he was hoping to earn some more money for the better future of his three children. On Saturday, he participated in the government-organised Eid programme and walked away the winner of a brand new Mitsubishi car. 'When they called my name, I couldn't believe it,' he told Khaleej Times. 'I had attended the event on both Friday and Saturday. I got the free raffle ticket along with a T-shirt and cap on Friday evening. Throughout the two days, I had seen others winning phones, TVs and air tickets but never imagined that I would win the grand prize.' He said he is still pinching himself to see if he had really won. 'When I woke up on Sunday morning, I wondered if it was a dream,' he said. 'But then I saw the big key. I called up my wife and conveyed the news. She was very happy.' The Eid event, held at Jebel Ali, where Mukesh participated, was part of the the activities organised by the Ministry of Human Resources and Emiratisation (Mohre) at 10 locations across the UAE. Held under the slogan 'Eid with Our Workers: Joy and Happiness', the celebrations included dance, music and other entertainment options, and were held at workers' compounds. Build a dream house Mukesh worked in Qatar for seven years before arriving in Dubai, looking for better opportunities; he now works as a steel fixer in Al Sahel Contracting Company. With this windfall, he hopes to realise his dream of building a house in his hometown. 'I have had land for a long time but never the funds for building a home,' he said. 'My family is living in a rented house. With the money I will get for this car, I am hoping to build a house. I also want to save something for the future of my children.' Mukesh has a 14-year-old daughter, and two sons aged 8 and 5. Mukesh said that he attended the programmes organised by Mohre on both Eid Al Adha and Eid Al Fitr. 'Last Eid was my first time to experience this event, and I really enjoyed it,' he said. 'But I didn't know that raffle tickets were handed out. I only realised later when the winners were called out. So this time, even before I arrived, I knew I wanted to get my hands on the coupon.' Last Eid, a 24-year-old Bangladeshi painter Rubel Ali won the car and was overjoyed with his stroke of luck. He had also hoped to build a home with the money he won. He added that he and his friends enjoyed the various offerings. 'The programme was held over two days; each day for more than two hours, there were many entertainment activities,' he said. 'My friends and I really enjoyed it. It was a great way for us to spend our Eid holidays. It was also very nice to see many people winning amazing prizes. It was a completely festive mood.'
Khaleej Times
14 hours ago
- Khaleej Times
Rising influx of super-rich spurs Dubai luxury property market surge
Dubai's luxury real estate sector is enjoying a spectacular boom, turbocharged by a rising influx of global high-net-worth individuals (HNWIs) relocating to the city. Among the most prominent beneficiaries of this surge are Sobha Realty, Emaar, Nakheel, Damac and Condor Developers. This trend underscores Dubai's transformation into a top destination for wealth migration and investment. A combination of tax-friendly policies, political stability, a world-class lifestyle, and high asset yields is attracting record numbers of international investors — particularly from Europe. In May, Dubai's real estate market continued to witness unprecedented growth, smashing records with Dh66.8 billion in sales, a 49.9 per cent surge from the previous year, according to fäm Properties. Despite concerns of a potential price correction, the market's fundamentals remain rock-solid, with an undersupply of office space and a steady influx of high-net-worth individuals driving sustained growth 'European investors are entering the market in large numbers, seeking stability, growth, and a low-tax environment. This has significantly bolstered sales and investment in projects like Golf Links 18,' said Vidhyadharan Sivaprasad, chairman and CEO of Condor Developers, whose flagship project, Golf Links 18 at Dubai Sports City, has already sold nearly 70 per cent of its premium golf-facing residences — even before completion. Set to be completed before Q1 2026, Golf Links 18 is a Dh300 million luxury residential development offering over 250 upscale units across a 47,000 square-foot plot. It boasts an impressive range of 18 premium lifestyle amenities including two infinity pools, a rooftop yoga deck, Sky Retreat, jacuzzi, open-air cinema, and fitness facilities such as a gymnasium, sauna, and steam rooms. The rapid uptake in sales reflects a broader pattern: Dubai's residential property market is seeing unprecedented demand from global elites. According to the Knight Frank Wealth Report, the UAE welcomed 7,200 new millionaires in 2024 alone, building on 4,700 in 2023 and 5,200 in 2022. As of December 2024, the country was home to approximately 130,500 dollar millionaires, ranking it as the 14th-largest wealth hub globally. Most of the inbound HNWIs came from India (31 per cent), followed by the Middle East (20 per cent), Russia and the CIS (14 per cent), and the UK and Europe (12 per cent). The typical non-GCC high-net-worth investor spends Dh134 million ($36.5 million) on Dubai property, either for residence or investment. Henley & Partners' 2024 Wealth Migration Report also names the UAE as the world's top destination for millionaire migration, with 6,700 new millionaires moving to Dubai last year alone. This influx is set to rise, with New World Wealth projecting a 39 per cent increase in the number of HNWIs in the UAE by 2026. Real estate remains the cornerstone of investment strategies for both wealthy individuals and families. 'Real estate continues to be a key asset class for UHNWIs. It provides long-term value, income generation, and capital preservation, especially in markets like Dubai,' notes the Knight Frank report. According to Sivaprasad, these trends have directly contributed to the significant increase in both asset values and rental yields across the emirate. 'We've seen property asset values rise by 20 to 30 per cent in the last year, depending on location. Rental yields are strong, averaging around 10 per cent,' he said. European buyers now form the majority of purchasers at Golf Links 18, led by investors from the UK, Russia, France, Slovakia, and the UAE. Many are relocating from countries with high taxes and cumbersome fiscal regimes, drawn by the UAE's business-friendly ecosystem and simple, low-tax regulations. 'The demographic of our buyers is rapidly diversifying,' Sivaprasad added. 'Dubai's global appeal, combined with strategic government initiatives, has reshaped the real estate landscape. It's no longer just a regional market — it's a global destination for wealth.' Condor Developers is poised to expand aggressively. With a project pipeline worth Dh2.5 billion across Dubai Islands, Al Majan, and Jumeirah Village, the company is gearing up to meet the continued demand from the rising tide of international investors, he said.
