Announcement
Cointelegraph partners with TheBlock. to boost tokenization, compliance and real-world asset adoption in the MENA region through joint events and coverage.
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Dubai News
Dubai is the largest city of the United Arab Emirates and the most important trading, economic and tourist center of the UAE and the Near East. The city functions as a modern center of advanced technologies, so in terms of Bitcoin, Dubai has become a very popular place for startups and trading. The city has also become the first in the Near East that has opened an investment and trading platform with an official license that allows storing cryptocurrency in “cold” storage that, according to its developers, is protected from any natural disaster. In Dubai, cryptocurrency has been met with progressive legislation and high demand because the city works as a link between less developed countries, whose citizens buy cryptocoins in Dubai because of hyperinflation in their countries.
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Dubai said the partnership will go a long way to achieve its goal of getting 90% of financial transactions fueled by cashless technology by 2026.
4789 - Event Recap
Token 2049 kicked off with Tomorrow's Token conference, with the host exchange’s igniting presence felt across the entire event.
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As Token2049 Dubai transformed the city into a Web3 hub, key industry players strived to make a positive impact on the broader ecosystem through innovation.
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At the Blockchain Baddies event during Token2049 in Dubai, women in Web3 shared how clarity, education and community are key to attracting more women into crypto.
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Cointelegraph’s LONGITUDE Dubai edition brought together executives from Polygon and Near Protocol to explore the intersection of AI and blockchain.
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Abu Dhabi’s MGX will use a Trump-affiliated stablecoin to settle a $2 billion investment into Binance in one of Web3’s largest funding deals.
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The former Binance chief emphasized the leverage generative AI brings to crafting educational courses that are free and accessible to a global audience.
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According to Changpeng Zhao, European countries, with the exception of Montenegro, were largely lagging behind the US and Asia on crypto adoption.
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Circle received in-principle approval from Abu Dhabi regulators, moving closer to launching regulated stablecoin services and expanding global USDC adoption.
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Tether co-founder Reeve Collins told Cointelegraph that President Trump’s involvement in stablecoins paves the way for the rest of the world to adopt the asset class.
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Token2049’s mainstage runs two days, but Dubai’s real Web3 action sprawls across 40 side events and a city-wide NFT hunt.
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OKX and Standard Chartered launched a pilot letting institutions use crypto and tokenized money market funds as collateral, starting under Dubai’s virtual asset regulations.
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Tokinvest co-founder Scott Thiel told Cointelegraph that the new development opens up Dubai’s real estate market to global investors.
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The $108,888,888 fund will operate an “open-arms policy,” welcoming real-world asset tokenization and DeFi projects at all developmental stages.
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