The UAE is a Flag-bearer for Blockchain Technology Deployment. A joint white paper has been issued by the World Economic Forum and the United Arab Emirates’ Centre For The Fourth Industrial Revolution. Titled “Inclusive Deployment of Blockchain: Case Studies and Learnings from the United Arab Emirates,” the paper provides global decision-makers insights into the UAE’s experience with blockchain implementation.
Shenzen-based fund manager Penghua Fund applied to China’s Securities Regulatory Commission for approval to launch an ETF tracking listed stocks related to blockchain. Penghua applied on December 24 for the ETF. It would be China’s first blockchain-based ETF.
China’s tech-heavy bourse, the Shenzen Stock Exchange, announced December 24 its introduction of an index to track the performance of China’s top 50 blockchain companies including startups.
According to a report in CrowdFundInsider, the Shenzen Stock Exchange will include in the index those firms that are active in Distributed Ledger Technology (DLT) and crypto industries.
The Wolf of Bitcoin posted the bitcoin video on TikTok.
The TikTok video zooms in through a door with says, “this is why GPU prices went up,” and then pans across a room filled with power cables and computers. It appears to be a cryptocurrency mining location. Catchy, foot-tapping music plays in the background of the video, which has hashtags like bitcoin, explainbitcoin, bitcoin mining, and minecraft.
ING is working to develop safe custody technology for cryptocurrencies and other digital assets. The $980 billion bank will address a major problem that deters institutions and other high net worth entities from dabbling in the digital assets market: secure and compliant custody of these assets.
Though ING’s project is still in a nascent stage, it is one of several initiatives by the bank in the digital asset space, such as in blockchain.