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Blockchain

Global X Launches the Firm’s First Physically Backed Crypto Offering with the Global X Bitcoin ETP (BT0X) and the Global X Ethereum ETP (ET0X)

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Global X ETFs, a leading global provider of exchange-traded funds (ETFs), today announced the launch of two exchange-traded products (ETPs): the Global X Bitcoin ETP (BT0X) and the Global X Ethereum ETP (ET0X), issued by Global X Digital Assets Issuer Limited (Global X). These launches are Global X’s first products to be physically backed by cryptocurrencies. Listed on Deutsche Börse Xetra, BT0X and ET0X underscore the firm’s long-term confidence in the digital assets theme, joining existing products including the Global X Blockchain UCITS ETF (LSE: BKCH).

The digital asset space has scaled from a decentralised currency to a digital economy. Bitcoin is a finite supply asset with a substantial network of users that have come to an agreement on its value as a form of money that cannot be controlled by a singular entity. While the Bitcoin network provided a framework for a decentralised payment channel, the use case for digital assets has expanded to allow for the creation of applications that leverage the advantages of blockchain technology. Ethereum is a leading blockchain ecosystem with utility across a wide-range of applications including transactions, smart contracts, and NFTs.i

“Cryptocurrencies offer a path to invest in the potential of a permission-less, decentralised, and transparent infrastructure. Backed by blockchain technology, cryptocurrencies can scale, revolutionise, and improve traditional sectors within our economic, political, and socio-cultural landscape,” said Rob Oliver, Head of Business Development at Global X ETFs. “Global X has continued to embody its philosophy of striving to offer investors something beyond ordinary, reflected in the firm’s move to launch its first crypto offering in the European market. We’re thrilled to bring European investors access to Bitcoin and Ethereum in the secure and regulated exchange-traded product wrapper through BT0X and ET0X, respectively.”

BT0X and ET0X, each with an arranger fee of 0.65%, are physically-backed exchange traded products that seek to capture the long-term growth potential of Bitcoin and Ethereum, respectively. These products provide cost-efficient access to Bitcoin and Ethereum, with the relative transparency and security of debt securities trading on a regulated stock exchange. Coinbase Custody International Ltd. operates as the secure cryptocurrency custodian for BT0X and ET0X.

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Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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Building Customer Trust in AI with Blockchain

Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.

Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.

Source: Harvard Business Review

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Blockchain at a Crossroads: Balancing Promise and Peril

As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.

The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.

Source: Cointelegraph


BRICS vs. USD: Blockchain’s Role in Economic Shifts

The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.

This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.

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Source: CoinGeek


Hungri Games Expands MetaHorse Unity to Base Blockchain

Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.

By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.

Source: CoinTrust


Nano Labs Purchases Trump Tokens to Celebrate Presidency

Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.

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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.

Source: PRNewswire


Final Thoughts: Blockchain’s Expanding Horizons

This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.

While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.

 

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CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo

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OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara

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The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More

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