Blockchain News
Experts Claim: UAE Has The Perfect Position To Become A Leader In The ICO Space

The United Arab Emirates is likely to become a member of the leading destinations blockchain-related business next year because of the new promising legislation which DC Forecasts reported about in the previous blockchain news.
Many experts commented on the situation and said that the new legal framework for initial coin offerings and overall crypto regulation provides a huge chance for the country to join Malta and Gibraltar as one of the most popular crypto-destinations.
CEO of Libra Project which is a blockchain-based investing program Hans Fraikin, said that the UAE is ‘’perfectly positioned to be a global leader in the ICO space.’’ He also pointed out that the country is among the countries that have the most promising jurisdictions for tokenized startups.
Another CEO this time of Eterna Capital, Andrea Bonaceto, also thinks that the UAE could become ‘’the forefront of the industry’’ saying that this is owned due to the government’s efforts to improve and modernize the financial sector.
However, the experts agree that the UAE has to provide space for its own investors and developers and create a sustainable future for the crypto industry in the country.
The financial regulator in the country revealed that a new ICO policy will be introduced in 2019. The Securities and Commodities Authority of the country will cooperate with the Abu Dhabi Securities Exchange in order to create a platform for ICO token trading.
Also, UAE partnered with Saudi Arabia so they can create a cryptocurrency that will be accepted in cross-border transactions. Finally, the Advisory Council of the United Arab Emirates Banks Federation considers applying blockchain in the banks so they could improve the Know Your Customer processes.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com
Blockchain News
IoT Survey: 75% Of The Industry Considers Adding Blockchain

“Some blockchain implementations struggle to scale to the transaction rates that can be generated by large numbers of connected things.’’As previously reported, According to Joseph Lubin, blockchain technology is much more complicated than the internet and therefore will probably ‘’take a little longer’’ to develop. While talking to German Cointelegraph, Lubin explained how the blockchain technology works and is developing in a very similar way to the web since there are hundreds of projects that can be practically used for humans today.Lubin continued by explaining how the distributed ledger technology will also be able to ‘’permeate society more than the Internet’’. The DLT will be able to bring us the decentralized internet but we will, of course, have to wait a little longer for the blockchain to develop on such a mass scale.
Blockchain News
Quadriga Lawyers Demand Exhumation Of Founder’s Body

Blockchain News
Azure Heroes: Microsoft Revives Its Non-Fungible Tokens Program

“Azure is locked in a battle to differentiate itself with AWS, Oracle, and Heroku among others. If nothing else, this creates visibility and further engages Azure's existing communities," the director at the CryptoAssets Institute Ethan Pierse recently said.
Blockchain News
TikTok Owner Launches Blockchain Venture With Chinese Media Group

"A unit of ByteDance has 49% of the new firm, which has registered capital of 10 million yuan ($1.4 million); Shanghai Dongfang Newspaper Co. owns the rest, according to a statement on the National Enterprise Credit Information Publicity System, an official business registration website," the publication wrote.As they show, the joint venture was launched in the capital of eastern China - specifically the Shandong province Jinan - on December 10. There was a registered capital of 10 million yuan ($1.43 million) where ByteDance owns 49% and the rest of the venture is owned by the Chinese media group.Meanwhile, TikTok is a giant and a social network with more than 500 million monthly active users. As such, it is the second most downloaded app in the Apple App Store in the United States. The short video feed is completely managed by a purpose-built AI which predicts and delivers content that the user will likely prefer.Even though it is still not clear how the TikTok owner ByteDance could benefit from the blockchain technology, a possible use case shows that the collaboration might extend to digital media data verification. For instance, the US law enforcement Axon Enterprise aims to test blockchain for its body cameras and fight deepfake AI-generated videos.Meanwhile, recent reports in the blockchain news today show that the technology is rapidly maturing and seeing wide adoption in China. As we reported before, earlier this month the Bank of China issued 20 billion yuan ($2.8 billion) in blockchain financial bonds as reports showed. China is also expected to conduct the first real world test of its central bank digital currency in the near future.All in all, TikTok is a major player and since it taps into a technology like blockchain, we can expect many new developments and potential use cases for the tech that is backing cryptocurrencies like Bitcoin in the future.
- Ethereum News6 days ago
Matter Labs Announces New ‘’VISA-Scale’’ Solution For Ethereum
- Ethereum News5 days ago
Ethereum Google Search Trends Hit Record Lows: Analysis
- Ethereum News6 days ago
Developer Finds Loophole On MakerDAO For Stealing ETH From System
- Litecoin News4 days ago
Strong Selling Pressure For Litcoin Pushes The Price Below $45.00
- Bitcoin News7 days ago
BTC Can Still Drop To $2,700 Even Now, Even In 2020
- Altcoin News4 days ago
BitMEX Faces $300 Million Lawsuit Over Lost Equity
- Ethereum News4 days ago
Ethereum Price Targets A 9-Month Low, DeFi Markets Strengthen
- Altcoin News7 days ago
BigTech Companies And Their Crypto Pose A Threat To Global Stability