Blockchain
Crypto’s Big Party in Dubai Signals Industry’s Future Is in Asia
In the latest edition of the Bloomberg Crypto newsletter, Hannah Miller provides insights gleaned from the recent Token2049 conference held in Dubai, amidst the city’s pre-conference flooding.
Despite the logistical challenges posed by the weather, the conference showcased Asia’s burgeoning enthusiasm for cryptocurrencies. Attendees, hailing from various corners of the globe, eagerly speculated on which regions within Asia would emerge as the primary hubs for digital assets.
Sergey Nazarov, co-founder of Chainlink Labs, highlighted the significance of UAE, Singapore, and Hong Kong as emerging hubs for crypto entities, citing their conducive regulatory environments. Singapore, for instance, has expanded its digital asset regulations to encompass token custody and related transfer services. Meanwhile, Hong Kong, previously restrictive towards retail crypto trading, has recently relaxed its stance, permitting such trading on licensed exchanges. Notably, ETF issuers received preliminary approval in Hong Kong to establish funds directly investing in Bitcoin and Ether.
During Token2049’s debut in Dubai, Binance CEO Richard Teng announced the exchange’s attainment of a full crypto license from the city. This development aligns with Binance’s efforts to enhance its regulatory compliance following a $4.3 billion settlement in the US for violations related to anti-money laundering and sanctions. Despite Dubai’s burgeoning crypto industry, regulatory authorities have not hesitated to take enforcement actions against errant players like BitOasis and OPNX.
Many participants at the conference observed Asia’s growing embrace of digital assets, positioning it ahead of the US, which continues its regulatory crackdown. Bashir Kazour, managing director at Taurus SA based in Dubai, noted the event’s demonstration of Dubai’s appeal to budding crypto startups, with many expressing interest in expanding operations and hiring in the city.
In addition to these insights, the newsletter presents charts depicting Binance’s shifting dominance in spot trading market share and updates on the Mt. Gox bankruptcy proceedings. A notable quote from Rennick Palley, founding partner of Stratos, sheds light on hedge funds’ foray into memecoins.
The newsletter also features a selection of articles covering diverse topics such as hedge fund trends, regulatory developments, and industry updates, reflecting the dynamic nature of the crypto landscape.
Source: bloomberg.com
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Blockchain
WadzPay Plans to Expand Portfolio into Stablecoin Business
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
Blockchain
RevoluGROUP Announces CEO and Director Stepping Down
Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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