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Chainlink has partnered with Coinbase to enhance the tokenized asset ecosystem through the integration of its Cross-Chain Interoperability Protocol (CCIP) into Coinbase's Project Diamond. This collaboration aims to improve asset management and facilitate seamless exchanges between public and private blockchains, catering to institutional investors.The integration will provide secure and compliant solutions for financial transactions while addressing the demand for reliable on-chain data, including compliance information. As institutional interest in blockchain grows, this partnership positions Chainlink as a key player in the digital asset market.
Tether's USDT has been recognized as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market's Financial Services Regulatory Authority, marking a significant regulatory milestone. This designation allows businesses in the ADGM to offer USDT-related services, facilitating its integration into the UAE's financial landscape. Tether's CEO emphasized the importance of this achievement for promoting financial inclusion and innovation in the region.
Chainlink has integrated with Coinbase’s Project Diamond, enhancing the management of tokenized assets for global institutions. This collaboration will utilize Chainlink’s Cross-Chain Interoperability Protocol to ensure data connectivity between various blockchain networks and existing financial systems.Project Diamond, regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market, aims to facilitate institutional adoption of digital assets. Chainlink Labs is also establishing a presence in Abu Dhabi to expand its operations in the MENA region, anticipating a $10 trillion tokenized asset market by 2030.
Crypto.com has partnered with Deutsche Bank to provide banking services in Singapore, Australia, and Hong Kong, with plans to expand to Europe and the UK. This collaboration marks a significant step in Crypto.com's growth strategy, enhancing its service offerings beyond crypto trading. The partnership aligns with Crypto.com's roadmap to introduce stocks, banking, and card services by 2025.
Tether's USDT stablecoin has been approved as an Accepted Virtual Asset by the Abu Dhabi Global Market, allowing licensed entities to offer services involving USDT under its regulatory framework. This milestone highlights the growing significance of stablecoins in modern finance and positions USDT as a key player in the UAE's digital transformation. Additionally, ADGM is collaborating with Polygon Labs to enhance token disclosure processes, promoting transparency and trust in blockchain technologies.
Eric Trump boldly predicted that Bitcoin will reach $1 million during his keynote at the Bitcoin Mena conference in Abu Dhabi. He emphasized Bitcoin's scarcity, superior liquidity, and potential for financial inclusion, contrasting it with traditional assets like gold and real estate. Trump expressed confidence in this forecast, noting the significant interest from major financial institutions.
GIGATECH, a division of the GIGATONS Group, is pioneering a sustainable future by integrating blockchain, AI, and tokenization to enhance efficiency and transparency in the clean energy transition. With a focus on real-world assets and carbon credits, the company aims to unlock significant opportunities across industries while ensuring its digital infrastructures are carbon net zero. The GIGA Protocol underpins this initiative, promoting trust and automated intelligence in addressing global challenges.
Billionaire investor Ray Dalio warns of an impending global debt crisis, advocating for investments in hard assets like Bitcoin and gold while steering clear of debt assets. He emphasizes the unsustainable levels of indebtedness in major economies and suggests allocating up to 2% of portfolios to Bitcoin as a hedge against inflation. Meanwhile, gold advocate Peter Schiff criticizes the idea of a U.S. Bitcoin reserve, urging the Biden administration to sell the government's Bitcoin holdings to alleviate the budget deficit.
Tether’s USDT stablecoin has been officially recognized as an accepted virtual asset by the Abu Dhabi Global Market’s Financial Services Regulatory Authority, allowing licensed providers to offer related services. This approval, which includes USDT issued on various blockchains, enhances its status as the largest stablecoin, with a market cap exceeding $138 billion. However, concerns about financial stability and risk management standards persist, particularly given Tether's dominance in the sector, holding around 70% of the total market value.
Crypto.com has partnered with Deutsche Bank to enhance its corporate banking capabilities as part of its global expansion strategy. This collaboration aims to streamline financial operations in key regions like Singapore, Australia, and Hong Kong, while supporting the exchange's commitment to compliance and security.As part of its aggressive growth plan, Crypto.com is also launching a stablecoin and an ETF, and has acquired Orion Principals Limited to offer a wider range of financial services. Additionally, the exchange has introduced a MasterCard-powered prepaid card in Bahrain, further solidifying its presence in the Gulf Cooperation Council region.
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