Today’s entrepreneurs in the MENA area are regarded as the forerunners in adopting global crypto trends; thus, enterprises must explore decentralization for commercial, governmental, and social initiatives.
The first cryptocurrency foundation in the ADGM with permission to run a blockchain and issue utility tokens has been registered as Venom Foundation. ADGM is well recognized as a fintech haven. The debut of Venom Blockchain, the next critical stage, will be disclosed soon.
Venom blockchain is an innovative technology that has achieved an unparalleled worldwide leap by offering the industry limitless scalability and more robust security assurances with decentralization. It is a pioneer in three key areas, including infrastructure, support for inbound projects, and developer-friendly platforms, each of which provides fresh approaches for resolving long-standing problems in the cryptocurrency industry.
A groundbreaking objective
The creation and promotion of a self-sufficient blockchain ecosystem is the primary goal of the Venom Foundation, and this goal has already produced notable outcomes. It will collaborate with ecosystem members to ensure that such items are supplied in a compliant way inside the dependable and well-regulated environment of ADGM, subject to the necessary regulatory clearances.
As a reminder, Abu Dhabi Global Market (ADGM) was inaugurated on October 2015 to bolster Abu Dhabi’s position as a worldwide hub for business and finance and acts as a vital connection between the Middle East, Africa, South Asia and the rest of the globe. For its efforts and contributions to the regional financial and capital markets industry, ADGM was named Financial Centre of the Year for two years.
Blackrock Influence
The Foundation is supported by top executives, such as Peter Knez, PhD, former global chief investment officer at BlackRock is in the mix, a well-known, seasoned business leader and investor in the expertise of fintech with a primary emphasis on data-driven decision-making. Also, the founder of Knex Ventures, a force to be reckoned with, we expect big things from Venom.
The bottom line
Involvement from renowned market professionals and industry leaders in the development and possible launch of the Venom Blockchain makes it a fascinating initiative for beta testers and trailblazers. People that are willing to try new things are the ones who will be the first to use the Venom blockchain. Mustafa Kheriba and Dr Kai-Uwe Steck, both members of the Foundation, have given the project’s team their undivided attention and expertise.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Today’s entrepreneurs in the MENA area are regarded as the forerunners in adopting global crypto trends; thus, enterprises must explore decentralization for commercial, governmental, and social initiatives.
The first cryptocurrency foundation in the ADGM with permission to run a blockchain and issue utility tokens has been registered as Venom Foundation. ADGM is well recognized as a fintech haven. The debut of Venom Blockchain, the next critical stage, will be disclosed soon.
Venom blockchain is an innovative technology that has achieved an unparalleled worldwide leap by offering the industry limitless scalability and more robust security assurances with decentralization. It is a pioneer in three key areas, including infrastructure, support for inbound projects, and developer-friendly platforms, each of which provides fresh approaches for resolving long-standing problems in the cryptocurrency industry.
A groundbreaking objective
The creation and promotion of a self-sufficient blockchain ecosystem is the primary goal of the Venom Foundation, and this goal has already produced notable outcomes. It will collaborate with ecosystem members to ensure that such items are supplied in a compliant way inside the dependable and well-regulated environment of ADGM, subject to the necessary regulatory clearances.
As a reminder, Abu Dhabi Global Market (ADGM) was inaugurated on October 2015 to bolster Abu Dhabi’s position as a worldwide hub for business and finance and acts as a vital connection between the Middle East, Africa, South Asia and the rest of the globe. For its efforts and contributions to the regional financial and capital markets industry, ADGM was named Financial Centre of the Year for two years.
Blackrock Influence
The Foundation is supported by top executives, such as Peter Knez, PhD, former global chief investment officer at BlackRock is in the mix, a well-known, seasoned business leader and investor in the expertise of fintech with a primary emphasis on data-driven decision-making. Also, the founder of Knex Ventures, a force to be reckoned with, we expect big things from Venom.
The bottom line
Involvement from renowned market professionals and industry leaders in the development and possible launch of the Venom Blockchain makes it a fascinating initiative for beta testers and trailblazers. People that are willing to try new things are the ones who will be the first to use the Venom blockchain. Mustafa Kheriba and Dr Kai-Uwe Steck, both members of the Foundation, have given the project’s team their undivided attention and expertise.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
After the British pound sterling tapped an all-time low against the U.S. dollar on September 26, the Bank of England (BOE) said it would halt its monetary tightening policy and start buying long-dated bonds again. Approximately two weeks later, the BOE detailed on Monday that it was doubling the size of its debt buy-backs by purchasing large sums of gilt-edged securities (bonds).
16 days ago, the British pound sterling reached a lifetime low against the greenback and the central bank of England decided to step into the fray and bolster the U.K.’s economy with stimulus programs. On September 28, Bitcoin.com News reported that the Bank of England decided to stop monetary tightening and it said it would start to purchase long-dated gilts, otherwise known as bonds.
Two weeks later, the BOE changed its mind and decided to double its efforts in terms of purchasing gilt-edged securities. On Monday, the BOE announced it would increase bond purchasing and told the public that on October 14, the central bank would reveal measures that will bring an “orderly end” to the latest quantitive easing practices.
Japanese Bonds: Worthless without the BoJ propping them up with printed Yen.
Gilts: Worthless without the BoE stepping in with printed Pounds.
Italian bonds: Worthless without the ECB backstopping with printed Euros.
Global Fiats: Going to zero.
— Stack Hodler (@stackhodler) October 9, 2022
“To date, the Bank has carried out 8 daily auctions, offering to buy up to £40 billion, and has made around £5 billion of bond purchases,” the BOE reported on Monday. “The Bank is prepared to deploy this unused capacity to increase the maximum size of the remaining five auctions above the current level of up to £5 billion in each auction.” In addition to the long-term gilt purchases, BOE created a new repo facility in order to help with liquidity issues. The bank has dubbed the repo as the BOE’s “Temporary Expanded Collateral Repo Facility (TECRF).”
“Under these operations, the [BOE] will accept collateral eligible under the Sterling Monetary Framework (SMF), including index-linked gilts, and also a wider range of collateral than normally eligible under the SMF, such as corporate bond collateral,” the central bank’s announcement details. The bank further said it was planning to open up a permanent, long-term repo operation as well, and it launched a short-term repo last week.
*BOE SAYS IT PURCHASED 786.300 MLN PNDS OF GILTS IN BUYING OPERATION
— zerohedge (@zerohedge) October 7, 2022
“[The] permanent facility will provide additional liquidity to banks against SMF eligible collateral, including index-linked gilts, and so support their lending to LDI counterparties,” the BOE detailed on Monday. “Liquidity is also available through the Bank’s new permanent Short Term Repo facility, launched last week, which offers an unlimited quantity of reserves at Bank Rate each Thursday,” the central bank added.
Meanwhile, the British pound sterling (GBP) has seen some improvement against the U.S. dollar, but it is still down 0.13% during the past 24 hours and 2.56% during the last five days. Year-to-date statistics show the GBP has lost 18.23% against the U.S. dollar. The latest announcement stemming from the BOE showcases the central bank’s persistence toward intervening in financial markets “on whatever scale necessary” in order to “restore orderly market conditions.”
Furthermore, amid the BOE’s latest decision to double gilt purchases, the U.K.’s finance minister Kwasi Kwarteng plans to release the medium-term fiscal plan three weeks before the scheduled date, according to His Majesty’s Treasury (HM Treasury).
What do you think about the BOE doubling the size of gilt purchases in order to bolster the U.K. economy? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
Source From : News