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The United Arab Emirates has seen its Bitcoin holdings surge to $40 billion, driven by significant investments from institutions and the government amid a global bull market. Strategic initiatives, including favorable regulatory frameworks, have positioned the UAE as a leading hub for cryptocurrency and blockchain innovation. This growth is expected to enhance economic diversification and attract further institutional investments, reinforcing the country's proactive stance on digital assets.
The cryptocurrency market underwent a significant transformation in 2024, with Bitcoin rebounding to new heights following the launch of spot ETFs and substantial investments from Wall Street firms. Major banks now dominate trading, while regulatory changes have led to a cleaner, more professional market, integrating crypto into traditional finance.New projects and improved technology have made crypto more accessible, with gaming and NFT applications finding real-world use cases. As the market matures, institutional investment continues to grow, signaling a bright future for the crypto landscape.
The United Arab Emirates has seen its Bitcoin holdings surge to $40 billion, driven by substantial investments from institutions and the government amid a global bull market. This growth reflects the UAE's strategic initiatives to foster a favorable environment for blockchain innovation and cryptocurrency adoption, positioning the nation as a leading crypto-friendly hub. Analysts predict continued growth in Bitcoin investments, bolstered by supportive regulations and economic diversification efforts.
Marinade Finance has made a strategic investment in SuperSol, the first native Layer-2 scaling solution for Solana, to enhance the blockchain's scalability and performance. This partnership aims to support the growing sectors of GameFi and Decentralized Physical Infrastructure Networks (DePIN), ensuring Solana can meet the increasing demands of decentralized applications. SuperSol, founded by Eva Oberholzer, is designed to optimize transaction efficiency and reliability, positioning Solana as a leading platform in the evolving blockchain landscape.
At the Harmony Meetup VI, industry leaders emphasized the critical role of regulation in driving blockchain adoption and scalability. Speakers highlighted how regulatory clarity, such as the introduction of Bitcoin ETFs, fosters trust and liquidity, enabling broader participation from both retail and institutional investors. Collaboration between regulators and the tech community was deemed essential for developing innovative use cases and ensuring a secure framework for Web3 technologies.
Binance Futures has launched the CGPT/USDT Perpetual Contract, allowing traders to leverage up to 75x with USDT as the settlement asset. This move underscores the rising significance of AI-focused cryptocurrencies, providing flexible trading options without expiration dates and a capped funding rate of ±2.00% with four-hour settlements. ChainGPT's CEO highlighted the listing as a key development for the token's utility in the Web3 space.
Copper Technologies, backed by Barclays, has withdrawn its application for a UK crypto license due to regulatory challenges, opting to focus on international markets under new CEO Amar Kuchinad. The firm is prioritizing growth in Switzerland, Hong Kong, and Abu Dhabi, where regulatory frameworks are more favorable. This decision follows the FCA's report indicating a high rejection rate for crypto firms, with 87% of applications facing withdrawal or rejection.
Binance Futures has launched CGPT/USDT perpetual contracts, allowing traders to leverage up to 75x with USDT as the settlement asset. This move underscores the rising significance of AI-focused cryptocurrencies, providing flexible trading options without expiration dates and a capped funding rate of ±2.00% with four-hour settlements. ChainGPT's founder emphasized the token's utility in the Web 3.0 space, enhancing engagement within its ecosystem.
Binance Futures has launched the CGPT/USDT Perpetual Contract, enhancing its trading offerings and emphasizing the rise of AI-focused cryptocurrencies. Traders can utilize leverage up to 75x, with USDT as the settlement asset, and enjoy a flexible trading environment with a capped funding rate of ±2.00% and four-hour settlements. This move reflects the growing significance of ChainGPT in the Web3 space, providing users with advanced trading capabilities and robust risk management tools.
Bitcoin is poised for a significant price surge, potentially reaching $500,000, as nation-states and corporations explore it as a strategic reserve amid a looming supply shock. The U.S. is considering establishing a Bitcoin reserve, with a proposed executive order to purchase BTC using $21 billion from the Exchange Stabilization Fund, while countries like the UAE are reportedly accumulating large amounts of Bitcoin. As global adoption increases, the dilemma of holding versus selling Bitcoin intensifies, with its current price around $95,513.26.
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