Abu Dhabi Starts $2B Initiative to Back #Web3 Startups.
The Hub71+ #Digital Assets ecosystem will also support #blockchain focused
businesses.
The programme will also assist companies relocating to #UAE (Abu Dhabi) and promote #startups growth in the Middle East and globally.

Australian digital asset payment service start-up CryptoSpend is seeking to close about $3.5 million in Series A funding. #crypto2023 #Web3 #Digital

Kazakhstan’s has released a enhanced draft of its cryptocurrency exchange licensing framework #Digital Asset #Trading Facility, with new additions including protection & segregation of client assets, liquidity risk checks ,appropriate disclosure,etc. Public comment until Feb 25.

Digital Finance World 💲🌎 posted by CryptoBuzz---finance, a branch of fintech, refers to the use of digital technology and big data to deliver financial services. It’s transforming traditional financial services, making them faster, more convenient, and more inclusive. Digital finance includes a variety of products and services, such as mobile payments, online banking, robo-advising, and cryptocurrency.
The rise of digital finance has been driven by rapid advancements in technology and changing consumer expectations. Consumers now demand 24/7 access to their financial information and transactions. This has led to the development of innovative digital finance tools that provide real-time access to financial services.
However, the digital finance world is not without challenges. Issues such as data security, privacy, and regulatory compliance are major concerns. Despite these challenges, the future of digital finance looks promising with continuous technological advancements and evolving consumer needs shaping its trajectory.
---
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Are Digital Wallets the Future? 👜

#Digital wallets may be the future of brand engagement in a cookie-less internet. With challenges like rising customer acquisition costs (CAC), privacy-aware demographics, and upcoming regulations, brands are seeking new ways to connect with users.

User-owned digital wallets in the #Web3 era are emerging as a promising solution. They enable direct connections between brands and users, prioritize privacy, offer multi-dimensional utility, and foster long-term engagement.

By embracing open and non-custodial wallets, brands can build trust, enhance #loyalty , and adapt to a changing digital landscape, potentially revolutionizing brand engagement in the process.

#Binance
#crypto2023

One of several nations that are close to launching a Central Bank Digital Currency (#CBDC ) is the UK. However, there is still a ways to go because disputes over the name of the #Digital Pound keep occurring.

The team at the Bank of England that developed the Digital Pound is arguing whether or not the coin should even run on DLT, such as #blockchain. The privacy issues are another topic of dispute, and it is generally agreed that "#Bitcoin " should be pseudonymous.

Crypto Adoption Stories
#Digital Transformations: Stories of Embracing Cryptocurrencies 💼 Embark on a journey of crypto adoption! Our series shares real stories of individuals and businesses embracing cryptocurrencies. Discover how digital transformations are reshaping the way we transact and interact with finance. #sonaraza #CryptoAdoption #BinanceTournament #DigitalTransformation
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#BTC is not a just Crypto currency Bitcoin is epitome of resilience and symbol of flexibility

❤️In the past 10 years, the total value of the cryptocurrency asset class has grown significantly from around $12 billion to almost $1.7 trillion today.
🥳Not all cryptocurrencies have survived in this competitive market, and only the strongest have managed to survive.
Throughout this evolution, one asset has risen to become the epitome of a cryptocurrency and is unequivocally the most robust
and valuable asset on the market today.

🎯There are several reasons Bitcoin would be the most deserving of a $1,000 investment today can be more worthy after few years #Resilence #Crypto #Digital

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AI companies commit to safe and transparent AI tools which is good for crypto industry just for your information which I keep sharing.

MetaCourt Empowers Web3 Users Through Innovation
Our mission is to create a decentralized legal ecosystem and justice protocol that cater to all Web3 required legal services in a way that is transparent, affordable, accessible, reliable and agile and to raise the legal knowledge of Web3 people to solve their challenges in the easiest way possible.

#Digital #DigitalCurrency #Digitalassets #BTC #BRC20

#Worldcoin To Allow Third Parties To Utilize #Digital ID System

Following its launch on July 24, Worldcoin has remained among the headlines, although primarily due to privacy concerns and emerging regulatory pressure.

In a new development on Aug. 2, Reuters reports that Worldcoin wants certain third parties to utilize its digital ID system to expand its operations and onboard more users. The World digital ID system has drawn much criticism on user privacy since its launch due to its use of iris-scanning “Orbs” for identity verification. However, Worldcoin appears to be dousing these concerns as it shares more potential benefits of this system.

Digital assets manager #CoinShares says institutional #investors are eyeing up altcoins as crypto markets suffer outflows for the ninth week in a row. In its latest #Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors sold off $5.1 million in crypto holdings last week, significantly less than in the previous eight weeks. 

"Discover the Ultimate #CryptoTax Havens: Unveiling the Most Friendly Jurisdictions for #Digital Currency!"

#azuki #pepe #crypto2023

$BTC $ETH $BNB

- **Acquisition of TerraZero by BIGG Digital Assets:**

- BIGG #Digital Assets, based in Singapore, is set to acquire all preferred shares of metaverse company TerraZero.

- The acquisition is valued at around 62 million BIGG common shares (approximately $20 million).

- The completion of the transaction is anticipated by September 2023, pending approval from TerraZero shareholders and other necessary processes.

- Following the completion, TerraZero will become a fully-owned subsidiary of BIGG.

- Existing shareholders of BIGG and TerraZero are expected to hold about 80% and 20% of BIGG shares, respectively.

- **TerraZero's Performance and Expansion Plans:**

- In Q1 and Q2 of 2023, TerraZero achieved revenue of approximately $1.5 million, marking a 161% year-on-year increase.

- The company provided activation services to notable clients including PwC, Fidelity International, and Warner Music.

- TerraZero intends to expand its operations in the latter half of 2023, focusing on the development of the Intraverse #technology ecosystem.

- The Intraverse technology ecosystem is slated for launch in Q1 2024.

#2024

Innovating digital currency for Gaza's revival, fostering trust, transparency, and community solidarity, supporting infrastructure rebuilding, and driving economic growth. Join us in rebuilding Gaza's future.
#Gaza #Digital #bitcoin

#Digital asset investment products saw the largest single weekly inflows since July 2022, totaling $199M, correcting almost half of the prior 9 consecutive weeks of outflows.
#crypto2023 #crypto #BTC

- **FDIC's #Annual Risk Review**: The Federal Deposit Insurance Corporation (FDIC) has identified digital assets as presenting "novel and complex risks" that challenge assessing their impact on capital markets and banking institutions, as stated in its latest annual risk review.

- **Inclusion of #Digital Assets Section**: The 2023 report includes a dedicated section on digital assets, marking the first time such a section has been included in the FDIC's annual review.

- **Ongoing Monitoring of #crypto Activities**: The FDIC, along with other federal banking agencies, is continuously monitoring crypto-related activities within banking organizations. The agency is prepared to issue further statements as necessary to address evolving risks in the crypto space.

- **Addressing Misrepresentation of Deposit Insurance**: The risk review highlights the FDIC's action against more than 85 businesses for misrepresenting deposit insurance details. The agency has been actively addressing this issue.

- **Consumer #Financial Protection Bureau's Warning**: The Consumer Financial Protection Bureau (CFPB) previously warned about the risks associated with digital payment apps like Venmo and PayPal due to the absence of FDIC coverage.

- **#Regulating Crypto Space**: The FDIC has demanded that crypto exchange OKCoin cease making alleged false claims about being insured. The agency aims to provide specific supervisory feedback and engage in discussions with banking organizations involved in crypto activities, reflecting its focus on addressing risks posed by the dynamic nature of the crypto industry.

$BTC $ETH $BNB

#Digital #currencies will diminish the dollar’s dominance, U.S. #economist Jeffrey Sachs says. #eth2.0 #fomc

https://news.bitcoin.com/dollar-to-play-lesser-role-due-to-its-weaponization-digital-currencies-economist-jeffrey-sachs-says/