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J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost

J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost

Dec 11 (Reuters) - J.P. Morgan said on Thursday that it issued a U.S. commercial paper for Galaxy Digital Holdings on the Solana blockchain, marking an important step in the broader institutional adoption of digital assets.
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Abu Dhabi Leads in Regulatory Innovation as Fintechs Eye $100 Trillion Wealth Shift

Abu Dhabi Leads in Regulatory Innovation as Fintechs Eye $100 Trillion Wealth Shift

Abu Dhabi has been recognized as the leading global hub for regulatory innovation, according to the Financial Centre Competitiveness Index released by NYU Abu Dhabi. This accolade was announced during the Abu Dhabi Finance Week, highlighting the emirate's strategic position in managing an anticipated $100 trillion intergenerational wealth transfer. The event also marked the launch of the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, which aims to contribute significantly to the region's GDP by 2045. Key industry figures, including Anthony Soohoo of MoneyGram and Yoni Assia of eToro, emphasized the transformative potential of digital currencies and stablecoins in reshaping financial landscapes.
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Abu Dhabi Leads in Regulatory Innovation Amid $100 Trillion Wealth Shift

Abu Dhabi Leads in Regulatory Innovation Amid $100 Trillion Wealth Shift

Abu Dhabi has been recognized as a global leader in regulatory innovation, particularly in the context of a significant intergenerational wealth transfer estimated at $100 trillion. The Abu Dhabi Global Market (ADGM) and NYU Abu Dhabi have highlighted the emirate's top ranking in regulatory innovation through the Financial Centre Competitiveness Index. This development was announced during the 'Asset Abu Dhabi' forum, part of Abu Dhabi Finance Week. The forum emphasized the operational realities of managing this wealth transfer, with the launch of the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster. This new economic zone, led by the Abu Dhabi Department of Economic Development, is expected to contribute AED 56 billion to the GDP by 2045. Key industry figures, such as Anthony Soohoo, CEO of MoneyGram, and Yoni Assia, CEO of eToro, have noted the transformative potential of digital currencies and stablecoins in this evolving financial landscape.
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Coinbase Reopens India Signups Amidst Competitive Crypto Market

Coinbase Reopens India Signups Amidst Competitive Crypto Market

Coinbase Reopens India Signups Amidst Competitive Crypto Market
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U.S. Lawmaker Proposes CBDC Ban in NDAA Amid Surveillance Concerns

U.S. Lawmaker Proposes CBDC Ban in NDAA Amid Surveillance Concerns

U.S. Representative Keith Self has introduced an amendment to the National Defense Authorization Act (NDAA) aimed at banning Central Bank Digital Currencies (CBDCs). The amendment, titled 'Anti-CBDC Surveillance State,' seeks to prevent the Federal Reserve from creating, testing, or supporting any digital asset resembling a CBDC. This move comes after promises to include such a ban in the NDAA were reportedly not fulfilled. The amendment also prohibits Federal Reserve banks from offering accounts or financial services directly to individuals. The House Rules Committee is set to decide whether this amendment will proceed to a full vote. The proposal reflects concerns among some lawmakers that a government-backed digital currency could enable excessive surveillance and control over personal finances.
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Winklevoss twins' Gemini bags US license for prediction markets

Winklevoss twins' Gemini bags US license for prediction markets

Dec 10 (Reuters) - Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, said on Wednesday it had received a license from the Commodity Futures Trading Commission to offer prediction markets to U.S. customers.
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Kalshi, Crypto.com launch prediction markets coalition as investor interest soars

Kalshi, Crypto.com launch prediction markets coalition as investor interest soars

By Pritam Biswas Dec 11 (Reuters) - Kalshi and Crypto.com said on Thursday they had launched a national alliance of prediction market operators that includes cryptocurrency exchange Coinbase, retail trading platform Robinhood and sports gaming operator Underdog.
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Intellectual Property Strategies Evolve with Additive Manufacturing Advancements

Intellectual Property Strategies Evolve with Additive Manufacturing Advancements

Intellectual Property Strategies Evolve with Additive Manufacturing Advancements
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Bitcoin's Self-Custody Debate Intensifies Amid ETF Adoption Push

Bitcoin's Self-Custody Debate Intensifies Amid ETF Adoption Push

Bitcoin's Self-Custody Debate Intensifies Amid ETF Adoption Push
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Binance Secures Full Approval from ADGM for Comprehensive Financial Operations

Binance Secures Full Approval from ADGM for Comprehensive Financial Operations

Binance Secures Full Approval from ADGM for Comprehensive Financial Operations
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Trump Administration's National Security Strategy Omits Cryptocurrency Despite Previous Focus

Trump Administration's National Security Strategy Omits Cryptocurrency Despite Previous Focus

The Trump administration's latest National Security Strategy has notably excluded cryptocurrency and blockchain from its list of core technologies, despite previous public statements emphasizing their importance. The strategy document highlights artificial intelligence, biotechnology, and quantum computing as the primary technologies crucial for U.S. national interests and global leadership. This omission is significant given President Trump's recent comments on the importance of maintaining U.S. dominance in the cryptocurrency sector, particularly in competition with China. The strategy does mention a broader goal of preserving America's financial sector dominance and leveraging leadership in digital finance, but it stops short of directly addressing cryptocurrencies or blockchain technology.
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Trump Administration's National Security Strategy Omits Cryptocurrency Despite Public Focus

Trump Administration's National Security Strategy Omits Cryptocurrency Despite Public Focus

The Trump administration's latest National Security Strategy has notably excluded cryptocurrency and blockchain from its core focus areas, despite previous public statements highlighting their importance. The strategy document emphasizes artificial intelligence, biotechnology, and quantum computing as the primary technologies critical to U.S. national interests and future global leadership. While the document mentions the goal of maintaining America's financial sector dominance and leveraging leadership in digital finance, it does not specifically address cryptocurrencies, Bitcoin, or blockchain. This omission is significant given President Trump's recent comments on the importance of the U.S. leading in Bitcoin mining and his concerns about China's potential dominance in the crypto sector.