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class="sc-11f26778-0 fIrcU news_content"><div class="heading"><a href="/news/dailyanalysis"><svg width="17" height="16" viewBox="0 0 17 16" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M6.65685 15.0709L0.292892 8.70692C-0.0976315 8.31639 -0.0976315 7.68323 0.292892 7.2927L6.65685 0.928741C7.04738 0.538216 7.68054 0.538216 8.07107 0.928741C8.46159 1.31926 8.46159 1.95243 8.07107 2.34295L3.41421 6.99981L16 6.99981C16.5523 6.99981 17 7.44752 17 7.99981C17 8.55209 16.5523 8.99981 16 8.99981L3.41421 8.99981L8.07107 13.6567C8.46159 14.0472 8.46159 14.6804 8.07107 15.0709C7.68054 15.4614 7.04738 15.4614 6.65685 15.0709Z"></path></svg>Back</a><div class="sc-4fdbe080-0 hanuse title "><h1>Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Sep 29, 2022</li><li>13:09</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters" alt="Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F09%2Fcrypto_daily_analysis_thu-4.png&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F09%2Fcrypto_daily_analysis_thu-4.png&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F09%2Fcrypto_daily_analysis_thu-4.png&w=1920&q=75"/></div><div class="content_block"><p class="">Minister of Economy Abdulla bin Touq Al-Marrimade the announcement on September 28 at the Dubai Metaverse Assembly, remarking, “This is not a proof of concept, this is our third address.”</p><p class="">Speaking to more than 500 delegates and 40 global firms, including Accenture, Emirates, PwC, Microsoft, Meta, and Binance, Al Marri said the Ministry of Economy’s third office would offer an immersive experience for governments, global enterprises, and the public to connect and collaborate.</p><p class="">Moreover, the Ministry will be able to negotiate bilateral agreements with other nations in the metaverse thanks to the cutting-edge technology installed there, strengthening the UAE’s position as a leading worldwide hub for emerging technologies.</p><p class="">The development follows Dubai’s July 18 Metaverse strategy, which seeks to generate 40,000 jobs by 2030 and increase the number of blockchain enterprises by five times.</p><h3>Ethereum’s going up or down?</h3><p>Ethereum found support near the $1,250 level after astrong decline. The ETH price started an increase after touching $1,253.</p><p>The bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the100 hourly simple moving average.</p><p>There is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD.</p><p><a href="https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23.png"><img loading="lazy" class="alignnone size-full wp-image-504204" src="https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23.png" sizes="(max-width: 1834px) 100vw, 1834px" srcSet="https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-1140x525.png 1140w" alt="Ethereum Price" width="1834" height="845" data-pin-no-hover="true"/></a></p><pre>Source:<a href="https://www.tradingview.com/symbols/ETHUSD/" target="_blank" rel="noopener">ETHUSD on TradingView.com</a></pre><h3>Technicals</h3><p>Hourly MACD is now momentum in the bullish zone</p><p>Hourly RSI is above the 50 level</p><p>Major Support Level – $1,315</p><p>Major Resistance Level – $1,355</p><p> </p><p>More real time crypto information — in our<b>Telegram Channel</b><a href="https://t.me/Choise_com_Chat">https://t.me/Choise_com_Chat</a></p></div></div><ul class="sc-a1a626b4-0 heFhTL"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters</span></li></ul><div class="sc-ebb48054-0 ccQeMU"><button aria-label="twitter" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters"/></button><button aria-label="telegram" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters - Telegram"/></button><button aria-label="facebook" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-965f7af3-0 dtuqwR"><div class="sc-e7592e74-0 fQCMoz center_block " width="1200px"><div class="top_block"><div class="content"><p class="description">The Choise website and Choise mobile apps are owned by the company incorporated in the Republic of Seychelles with company number IBC No. 233581, registered office at 102, Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles which is regulated by the laws of that country. 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type="application/json">{"props":{"pageProps":{"data":{"id":14559,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2022-09-29T10:00:22.000Z","user_updated":null,"date_updated":null,"title":"Crypto Daily: The UAE Ministry of Economy announced Metaverse headquarters","slug":"uae-metaverse-headquarters","content":"\u003cp class=\"\"\u003eMinister of Economy Abdulla bin Touq Al-Marrimade the announcement on September 28 at the Dubai Metaverse Assembly, remarking, “This is not a proof of concept, this is our third address.”\u003c/p\u003e\u003cp class=\"\"\u003eSpeaking to more than 500 delegates and 40 global firms, including Accenture, Emirates, PwC, Microsoft, Meta, and Binance, Al Marri said the Ministry of Economy’s third office would offer an immersive experience for governments, global enterprises, and the public to connect and collaborate.\u003c/p\u003e\u003cp class=\"\"\u003eMoreover, the Ministry will be able to negotiate bilateral agreements with other nations in the metaverse thanks to the cutting-edge technology installed there, strengthening the UAE\u0026#8217;s position as a leading worldwide hub for emerging technologies.\u003c/p\u003e\u003cp class=\"\"\u003eThe development follows Dubai’s July 18 Metaverse strategy, which seeks to generate 40,000 jobs by 2030 and increase the number of blockchain enterprises by five times.\u003c/p\u003e\u003ch3\u003eEthereum\u0026#8217;s going up or down?\u003c/h3\u003e\u003cp\u003eEthereum found support near the $1,250 level after astrong decline. The ETH price started an increase after touching $1,253.\u003c/p\u003e\u003cp\u003eThe bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the100 hourly simple moving average.\u003c/p\u003e\u003cp\u003eThere is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD.\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23.png\"\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-full wp-image-504204\" src=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23.png\" sizes=\"(max-width: 1834px) 100vw, 1834px\" srcset=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-23-1140x525.png 1140w\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" data-pin-no-hover=\"true\" /\u003e\u003c/a\u003e\u003c/p\u003e\u003cpre\u003eSource:\u003ca href=\"https://www.tradingview.com/symbols/ETHUSD/\" target=\"_blank\" rel=\"noopener\"\u003eETHUSD on TradingView.com\u003c/a\u003e\u003c/pre\u003e\u003ch3\u003eTechnicals\u003c/h3\u003e\u003cp\u003eHourly MACD is now momentum in the bullish zone\u003c/p\u003e\u003cp\u003eHourly RSI is above the 50 level\u003c/p\u003e\u003cp\u003eMajor Support Level – $1,315\u003c/p\u003e\u003cp\u003eMajor Resistance Level – $1,355\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eMore real time crypto information — in our\u003cb\u003eTelegram Channel\u003c/b\u003e\u003ca href=\"https://t.me/Choise_com_Chat\"\u003ehttps://t.me/Choise_com_Chat\u003c/a\u003e\u003c/p\u003e","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2022/09/crypto_daily_analysis_thu-4.png","seo_keywords":null,"short_content":"Minister Abdulla bin Touq Al-Marri made the announcement, remarking, “This is not a proof of concept, this is our third address.”","image":null,"category":{"title":"Daily Analysis","slug":"dailyanalysis","id":82}}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"uae-metaverse-headquarters"},"buildId":"_LTTyEWiIIIqjW5WHNdJN","isFallback":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>