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UAE emerges as a global hub for blockchain and cryptocurrency innovation
The UAE is emerging as a global blockchain hub, driven by trends in Shariah-compliant services, dirham-pegged stablecoins, and an influx of international talent. Industry leaders emphasize the region's regulatory clarity and potential for rapid growth, particularly in decentralized finance. Recent developments include a stablecoin initiative approved by the central bank, highlighting the focus on local payment methods.
Core DAO emphasizes security and innovation at Bitcoin MENA 2024 conference
The Bitcoin MENA conference in Abu Dhabi highlighted the future of decentralized finance (DeFi) and blockchain security, featuring insights from Core DAO's Adam Bendjemil. Core DAO aims to enhance DeFi by integrating Bitcoin's security with Ethereum Virtual Machine compatibility, emphasizing a "security-first" approach to build trust and encourage broader adoption. Bendjemil also noted that BTC could reach $110,000 by January 2025, marking a significant point in its market cycle.
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