The Hashgraph Association, a Swiss non-profit organization, has partnered with the Qatar Financial Centre (QFC) to launch a million digital assets venture studio. The venture studio aims to support companies in developing regulatory-compliant decentralized finance (defi) solutions. Supporting Web3 Startups With Bankable Defi Solutions The Hashgraph Association, a non-profit organization based in Switzerland, has […]
Bitcoin News
Dubai International Financial Centre Enacts Digital Assets Law
The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages, obligations, securities, and personal property laws, amending them to account […]
Bitcoin News
Dubai World Trade Centre To Become A Crypto Hub For Regulation
The Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for virtual assets and crypto, comprising digital assets, goods, operators, and exchanges, as part of the Dubai government’s efforts to build new economic sectors.
Dubai Likes Crypto
The United Arab Emirates (UAE) is becoming one of the world’s most cryptocurrency-friendly jurisdiction, with the Dubai government announcing a new program to assist local cryptocurrency development and regulation.
The Dubai World Trade Centre (DWTC), a government-owned event and exposition facility in Dubai, said on Dec. 20 that it will become a comprehensive zone and regulator for cryptocurrencies, products, operators, and exchanges.
The Dubai World Trade Centre will provide a full environment for this forward-thinking industry in the city.
The Dubai World Trade Centre will work with the private sector and other relevant entities in Dubai to create a welcoming environment for the sector and to enforce strict standards for investor protection, anti-money laundering (AML), counter-terrorist financing (CFT) compliance, and cross-border deal flow tracing.
The initiative, which is part of Dubai’s attempts to further develop virtual assets and markets, includes developing a framework for novel financial products and adopting new trends such as non-fungible tokens (NFT) and cryptocurrencies that rely on advanced underlying blockchain technology.
“The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies,” the statement reads.
The Dubai Financial Services Authority announced in January that as part of its 2021 business plan, it would establish a crypto regulatory framework. So far, the authority has awarded a number of regulatory permissions for the crypto business, and Dubai has become a hub for various crypto-friendly free zones.
Related article | Bittrex Global CEO Declares Dubai Will Gain Benefit From Cryptocurrency Market Expansion
BTC/USD poised for rise. Source: TradingView
Binance CEO Happy With The Announcement
Binance CEO Changpeng Zhao was one of the first in the crypto community to applaud the DWTC’s recent news. Zhao appears to have developed an interest in the UAE’s crypto industry, since he reportedly purchased his first property in Dubai in October.
» Dubai World Trade Centre to become comprehensive zone and regulator for virtual assets and Crypto https://t.co/Ndr6GDcJ4u
— CZ Binance (@cz_binance) December 20, 2021
The plan is in keeping with Dubai’s ongoing efforts to assist crypto growth, with both Dubai and the UAE actively seeking to benefit the local economy from blockchain technology, nonfungible tokens, and cryptocurrencies.
Since CZ was sighted in Dubai, holding a meeting with the authorities, Twitter was awash with predictions about Binance’s probable HQ being built up in Dubai at the start of the fourth quarter. Last month, CZ confirmed Binance’s plans to become a digital asset service provider in France by next year, putting the Dubai HQ rumors to rest.
Given Binance’s continued efforts to expand its worldwide reach by establishing footholds in many parts of the globe, predictions regarding a Dubai headquarters do not appear implausible.
The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies, which will be critical to facilitating and broadening cross-border operations and ecosystem innovation in order to enable safe market adoption and growth for this sector in Dubai.
Related article | Binance ’s Road To Compliance Continues With A List Of Rights For Crypto Users
Featured image from Unsplash, chart from TradingView
NewsBTC
$GIF’s $550,000 IDO Sells Out in 8 Hours as NFT Gaming Takes Centre Stage
Surging interest in in-game NFTs has picked up following the sharp drop-off from the NFT art mania of early 2021, and in doing so, this new interest has spurred a mammoth billion spend on NFTs during the first three months of 2021 alone. New NFT marketplaces, dApps, and the blockchain solutions that support them have been launching at breakneck speed as thousands of digital collectibles enter the market.
If NFT art was the catalyst for DeFi in the first half of this market’s crypto bull, then NFT gaming is certainly the benefactor of the market’s recent resurgence. For the first time, in-game NFTs are commanding demand and value in not only their respective game environments but the wider market as players can play-to-earn through an endless stream of unique and interesting gaming ecosystems.
$GIF IDO & Tezotopia Success
Gif.games is an emerging name in the NFT gaming space, buoyed by the fast success of the launch of its first big game, Tezotopia, and recent governance ($GIF) token IDO pre-sale. Taking place at 1400 UTC on Saturday the 28th, 2021, the IDO sold all 20,000,000 $GIF, raising 100,000 Tezos, (0,000 USD) with 20% of the available $GIF being bought in just the last 60 mins. The $GIF token presale on Rocket Launchpad sold out in only 8 hours and was the first solo-launched project on Tezos from a native launchpad and the first solo launch to sell out.
Earlier in August Gif.games launched an NFT marketplace and open-world game called Tezotopia with a cryptocurrency called Unobtainium (UNO) that can be used in-game and traded openly on the market. The Tezotopia marketplace launch sold out in only 20 mins, raising an initial ,514, which was spent on various in-game assets, and resources. The rapid nature in which both launches sold out reinforces the strong pull of the NFT gaming space right now and the wider market’s growing interest in being a part of interesting new gaming ecosystems like that of Tezotopia that can offer users monetary gains as well as a unique experience.
Gif.games has said that it will put 40% of the money raised into LP for $GIF, which will be locked for 1 year. The other 60% of the other funds raised will be used for marketing, game development, and the continued development of the Tezos NFT Ecosystem. Gif.games has stated that it will keep project funding goals to a maximum 0,000 USD to ensure that projects have a good funding pool to work with while also maintaining plenty of room for price growth to attract buyers outside of the IDO.
Governance Token & Staking Tiers
GIF token is the governance protocol for gif.games and provides numerous benefits such as governance rights for voting on things all Gif.games related, marketplace discounts, a revenue share system, and early access to exclusive new titles and in-game perks.
Governance staking is the first and perhaps most important tier unlocking benefits through a 15-day lock period. This tier really allows for deep involvement with the project’s development as stakers will become a decision influencer of Gif.games ecosystem, having a choice on the outcome of proposals, and game changes through a voting system.
A 30-day lock opens up the discount tier, with a 3% discount on sale purchases for any and all Gif.games items through its gaming ecosystem. Finally, a 45-day lock entitles stakers to a share of 3% from the marketplace sales revenue pool, and early access to Beta testing, new titles, and updates to current games.
The NFT Gaming Industry
Blockchain gaming companies raised 6M in the first half of 2021 as NFTs took the digital art, gaming collectibles, and even the music industry by storm. A single NFT digital art collage fetched .3 million in May 2021, a price usually reserved for Van Gogh or Picasso masterpieces. The market peaked two months later and was swiftly followed by a familiar but severe correction. Over the last two months, the market has seen a solid recovery and NFTs are again selling at the same rate they were back in May.
Play-to-earn NFT-based titles like Tezotopia are creating a whole new level of interest in the industry today as the in-game items that previously only held to gaming environments have now transcended the genre entirely. Blockchain technology is providing the launchpad for the NFT space through transparency, with the ability to prove item authenticity, while offering users a way to earn from in-game currencies and unique digital items.
Gif.games Growth
In unison with the Tezotopia market sellout, Gif.games was accepted into the Blockchain Gaming Alliance as a silver member. With the $GIF Rocket Launchpad IDO so successful, Gif.games has secured a listing for its governance token on Tezos’s DEX QuipuSwap so users can now freely trade the token.
Gif.games is now focused on using the IDO funds to bring in more top developers, and artists to expand its rapidly growing gaming universe. The imminent launch of the Tezotopia dApp and attractive benefits of the $GIF staking tiers are just a couple of factors that position Gif.games to become a big name in the space, and with airdrops, incoming artist collaborations, new battle engine beta testing, and whispers of a new game in the works, Tezotopia and Gif.games have well and truly stamped their names on the NFT gaming wave this year.
Bitcoin Could Take Centre Stage at the 2020 NBA All Star Game, With Your Help…
Voting has opened for the 2020 NBA All-Star game. With fans able to decide the players they wish to see take the court, there is an opportunity for the league’s biggest Bitcoin proponent to take to the court during the prestigious weekend.
Spencer Dinwiddie plays point guard for the Brooklyn Nets and is hopeful of selection for the All-Star Game. The 26-year-old basketball star has also been investing in Bitcoin since 2017 and has been a vocal advocate of blockchain technology since.
Dinwiddie at All-Star Game Would be a Sure Slam Dunk for Bitcoin
Over the years multiple sports stars and franchises have professed an interest in Bitcoin and cryptocurrency. As NewsBTC previously reported, Russel Okung, the offensive tackle for the LA Chargers, has hosted his own Bitcoin conference. Meanwhile, the NBA’s Sacramento Kings started a cryptocurrency mining initiative from within its high tech stadium.
Another big name from American sports is also a fan of Bitcoin. Describing himself as “a tech guy with a jumper”, Spencer Dinwiddie of the Brooklyn Nets, is currently in the process of organising the tokenisation of his own contract. Forbes reported on the NBA first earlier today.
In a video promoting the investment opportunity, posted to Dinwiddie’s Twitter today, the basketball star stated that, despite previous objections from the league, he was going ahead with the launch of security tokens representing his current contract. The sale will begin on January 13.
The Spencer Dinwiddie bond launches January 13th. I’ll also be taking 8 fans to ASW with me. #NBAVote pic.twitter.com/dhXKt0qPqh
— Spencer Dinwiddie (@SDinwiddie_25) January 10, 2020
The date is significant not only because of the launch of the so-called Spencer Dinwiddie bond but also because it marks just one week left of voting for who will represent each team during the much-hyped NBA All-Star Game. As something of an incentive to both vote for him and for accredited investors to buy shares in his contract, the Brooklyn Nets player has stated that he will gift all of his teammates Bitcoin if the sale is successful and he’s voted into the game.
Spotting an opportunity to get Bitcoin exposure during the celebrated NBA All-Star Weekend was Anthony “Pomp” Pompliano. The podcaster and founder of Morgan Creek Digital Assets has encouraged his followers to head over to the NBA website and vote for Dinwiddie to be the Eastern Conference’s starting point guard.
If the Bitcoiner is to take to the court during the NBA All-Star Game, held during the weekend of February 14 -16, he is going to need a fair bit more support. According to a tweet posted yesterday by basketball journalist Howard Beck, Dinwiddie is outside of the top ten Eastern Conference guards. However, the support of Bitcoin Twitter going into the last week of voting could well change that.
Let's see what the true power of Bitcoin Twitter is.@SDinwiddie_25 has been a big proponent of Bitcoin within the NBA and with his fellow players.
The NBA All-Star game voting is happening right now.
Can we collectively vote him in?!https://t.co/dhelmuNmRN
— Pomp (@APompliano) January 10, 2020
Related Reading: Why Analysts Think Bitcoin Price On Verge of Crash to ,000
Featured Image from Shutterstock. The post appeared first on NewsBTC.
NewsBTC
Coinbase and Circle Create Centre Consortium to Promote Stablecoin Adoption
The post Coinbase and Circle Create Centre Consortium to Promote Stablecoin Adoption appeared first on DCEBrief.
Singapore Launches Blockchain Centre to Help Small and Medium-Sized Firms
A Singapore-based fintech startup has launched a massive blockchain centre to help small and medium-sized businesses in a number of industries. The six-story construction is located at Serangoon North.
New Singapore Blockchain Centre to Provide Various Services to Small and Medium-Sized Businesses
The new blockchain centre will be known as The Blockchain Technology Creatanium Centre (BTCC). It has been created by PLMP Fintech. The BTCC is hoping to provide various blockchain-based services for small and medium-sized businesses wanting to get started using the technological breakthrough.
PLMP Fintech’s co-founder and chief strategy officer, Peter Lim, told local news publication Channel Asia Singapore about what he hopes the BTCC will achieve:
“Having a successful business is all about building efficiencies and getting a suitable product or service as quickly as possible to the end user… Blockchain gives us that ability to scale and at much lower costs.”
Lim went on to state that blockchain can give traceability, accountability, and additional trust to various business operations. This, he believes, will reduce inefficiencies and create opportunities for companies to save money. These savings can then be passed onto customers.
He also told the publication that he believes that Singapore’s small and medium-sized enterprises will find blockchain to be a “crucial mechanism” for realising their aspirations of competing on the global level.
Channel Asia Singapore cite that these smaller and medium-sized companies currently contribute around half of the Singapore economy’s GDP and are responsible for employing around two-thirds of the entire workforce.
Lim continued:
“With the BTCC, we aim to educate Singapore businesses and provide them with a wider ecosystem that supports their activities on the blockchain… As a Singaporean entrepreneur, I want to see my fellow business owners succeed.”
Later in 2018, there are plans to include a blockchain research and development centre at the BTCC. It’s expected that this addition will occupy an entire floor of the six-story structure.
In addition, there are also hopes to launch an over-the-counter (OTC) exchange in the building, as well as a tech support centre and cryptocurrency mining farm.
PLMP Fintech are also hoping to launch their own cryptocurrency wallet within the next twelve months, as well as a point of sale system for digital currencies. This latter addition is expected to be launched at some point during Q1 of 2019.
Not only that, but PLMP Fintech are hoping to provide courses in blockchain education at the new facility. These are thought to include topics such as security, regulations, and compliance.
Similar centres to the one in Singapore are also being planned for Thailand and Indonesia.
With the launch of the BTCC, it looks like 2018 is going to be an exciting year for the blockchain industry in Signapore. Along with the new facility dedicated to all things blockchain, the Suntec Singapore Convention & Exhibition Centre is due to play host to the Crypto EXPO Asia Forum in October.
Featured image from Shutterstock.
The post Singapore Launches Blockchain Centre to Help Small and Medium-Sized Firms appeared first on NewsBTC.
Circle’s CENTRE Raises $20 Million in SAFT Sale
Circle has raised million in a Simple Agreement for Future Tokens SAFT sale for its ethereum-based CENTRE payments network.
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Circle’s CENTRE Raises $20 Million in SAFT Sale
Circle has raised million in a Simple Agreement for Future Tokens (SAFT) sale for its ethereum-based “CENTRE” payments network.
CoinDesk
VanFUNDING 2017: Over 50+ Leading Blockchain, Fintech, Regtech & Capital Innovation Experts Heading to Vancouver NOV 28 @Morris Wosk Centre
VANCOUVER, BC /November 16, 2017 / Looking for world class education, funding, partnerships and growth within the blockchain and financial tech sector? VanFUNDING 2017 GOING MAINSTREAM is the premier West Coast conference dedicated to connecting people looking to form long-lasting partnerships, investment, and business opportunities. In less than two weeks, VanFUNDING2017 Blockchain, Fintech & Funding Conference and Regtech … Continue reading VanFUNDING 2017: Over 50+ Leading Blockchain, Fintech, Regtech & Capital Innovation Experts Heading to Vancouver NOV 28 @Morris Wosk Centre
The post VanFUNDING 2017: Over 50+ Leading Blockchain, Fintech, Regtech & Capital Innovation Experts Heading to Vancouver NOV 28 @Morris Wosk Centre appeared first on NEWSBTC.