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Quintes Protocol, founded by Saudi entrepreneur Rand Al Kharashi, has secured a WIPO Patent Cooperation Treaty for its innovative no-depreciation cryptocurrency model, QNT. This groundbreaking protocol aims to redefine decentralized finance by ensuring predictable and sustainable asset growth, backed by extensive research from Kitabq Research Lab. Scheduled for launch in January 2025, Quintes is positioned to challenge traditional financial systems with its unique approach to digital asset appreciation.
Coinbase's Project Diamond has adopted the Chainlink standard to enhance the lifecycle management of tokenized assets, aiming to provide secure data and cross-chain connectivity for institutional asset issuers and fund managers. Peregrine, PSG Digital’s regulated entity in the ADGM, will be the flagship user of this initiative. The integration facilitates compliance and interoperability, supporting the expansion of digital assets across various blockchains while improving existing implementations for regulatory needs.
The global Hearing Aids market is projected to grow from USD 8.10 billion in 2024 to USD 12.52 billion by 2031, with a CAGR of 6.4%. The report provides an extensive analysis of market dynamics, competitive landscape, and consumption trends, highlighting opportunities for growth amid evolving consumer preferences and technological advancements. Key players include Sonova, Starkey Laboratories, and GN Hearing, among others.
Emirates NBD has welcomed Chainlink as the fifth member of its Digital Asset Lab, enhancing its innovation strategy in digital finance. This partnership aims to advance tokenization and digital asset management, tapping into a market exceeding $1.3 trillion globally. The collaboration will support the development of onchain financial applications, reinforcing the bank's leadership in financial innovation within the MENAT region.
Crypto.com has launched an AED Fiat Wallet for users in the UAE, allowing fee-free deposits and withdrawals in UAE dirhams. This feature, supported by Standard Chartered, enhances the ease of funding accounts for cryptocurrency transactions, marking a significant milestone in the region. Users can set up the wallet easily through the Crypto.com App, ensuring a seamless experience in managing their funds.
Chainlink (LINK) is experiencing a bullish trend, driven by increased institutional demand, particularly from Coinbase, as it expands into the MENA region. The network's services are now available on 18 top blockchains, and LINK has surged over 63% in the past month, aiming for an all-time high of $50. The partnership with Coinbase's Project Diamond will enhance the management of tokenized assets, further solidifying Chainlink's role in on-chain finance.
Chainlink Labs has established an entity in the Abu Dhabi Global Market (ADGM), enhancing its presence in the MENA region to meet the rising demand for decentralized finance solutions. This move aligns with Abu Dhabi's growing reputation as a blockchain innovation hub, supported by a progressive regulatory framework. The expansion aims to foster partnerships with financial institutions and promote the adoption of tokenized assets, further solidifying the region's position in the global blockchain landscape.
Most Gulf stock markets rose in early trading as investors anticipated U.S. inflation data. Economists predict the Federal Reserve will cut interest rates by 25 basis points at its December 18 meeting, with a pause expected in late January due to inflation concerns. Oil prices increased amid expectations of rising demand from China following its announcement of looser monetary policies. Additionally, the UAE will implement a 15% minimum top-up tax on large multinationals starting in January to enhance non-oil revenue.
Aptos Foundation is set to open a new office in Abu Dhabi's ADGM, marking a significant step in its mission to enhance the global blockchain ecosystem. This strategic move aims to foster partnerships and support innovative projects in a region recognized for its leadership in Web3 adoption. The foundation's presence in the UAE will facilitate collaboration with local developers, institutions, and investors, further accelerating blockchain adoption.
Coinbase's Project Diamond has integrated Chainlink's Standard to enhance institutional crypto adoption in Abu Dhabi, focusing on secure and compliant tokenized asset services. This collaboration aims to meet the growing demand for reliable data and cross-chain interoperability in the crypto sector.Chainlink's Cross-Chain Interoperability Protocol will facilitate seamless operations for new assets, while the establishment of a local office in Abu Dhabi underscores Chainlink Labs' commitment to expanding its presence in the MENA region.
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