UAE conglomerate DAMAC Group, with investments in property development, hospitality, and data centres, has announced plans to tokenize $1 billion worth of its assets for financing purposes in early 2025. The tokenization will be done in collaboration with UAE-based MANTRA, a layer 1 blockchain platform for tokenizing real-world assets. As per the press release, the … Read more
The Pound Sterling (GBP) fell to its lowest since 2023 before steadying. UK 1OY yields rose 120bps in a handful of disorderly trading days either side of the infamous 2022 UK budget and required the BoE to step in a stabilize the markets, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP rebounds from intraday low … Read more
The Canadian Dollar (CAD) is little changed on the session. The immediate focus for local markets is on tomorrow’s labour market update but the data perhaps won’t add too much to short-term FX dynamics, Scotiabank’s Chief FX Strategist Shaun Osborne notes. CAD little changed on the day “Markets are 80% priced for a rate cut … Read more
China has announced its blockchain national data infrastructure, a state-backed framework designed to leverage blockchain technology for managing and processing data across various sectors. This initiative is a part of the country’s broader strategy to integrate blockchain technology into its digital economy. Importantly, the country is planning a full implementation of the infrastructure by 2029. … Read more
EUR/USD drops to near 1.0300 after the FOMC minutes dropped hints of a slowdown in the US inflation progress towards the Fed’s target of 2%. The USD Index is on track to revisit the two-year high of 109.53 ahead of the US NFP data due on Friday. The ECB is expected to reach the neutral rate … Read more
On Jan. 9, 2024, discussions have been buzzing within the crypto community regarding the potential sale of $6.49 billion worth of bitcoin (BTC) by the U.S. Department of Justice (DOJ). This speculation arises from a court ruling issued on Dec. 30, in which U.S. Chief District Judge Richard Seeborg sanctioned the forfeiture of 69,370 bitcoin. … Read more
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At CES 2025, Sony unveiled its latest leap in immersive gaming technology: the ability for players to experience in-game scents in real life. Dubbed Sony’s “Future Immersive Entertainment Concept” (FIEC), the system was demonstrated using the popular title The Last of Us, captivating attendees with its sensory-forward approach to gaming. The CES showcase featured a … Read more
Bitcoin network growth is set to take BTC price to seven figures within the next decade, says Timothy Peterson.
Banking giant Standard Chartered is debuting crypto services in Europein Europe via its new Luxembourg entity after securing a digital asset license under the MiCA framework.