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this encryption The industry is developing by leaps and bounds at all times. With the surge in popularity, it is important for you to keep track of the latest news in the encryption field. Here, we provide you with the first 3 news articles in the entire encryption field on January 12, 2021, please see:
Emirates Post Group launches NFT stamps in the Middle East
Extending its dominance to the UAE, another powerful investment hub, irreplaceable tokens are quickly becoming the hottest trend leader in the digital age.In recent developments, the Emirates Post Group or EPG has released NFT Stamp to celebrate the 50th anniversary of the organization. Through this commemoration of the EPG postal authority, it is clear that digital collectibles are rapidly entering the mainstream business of the global financial sector.
This is the first time a postal organization in the Middle East and North Africa has issued a digital collectible stamp or NFT. The authorities will launch a new stamp series “National Day” on December 2, 2021. EPG will officially issue four stamps, each of which will depict a unique national theme.
These stamps will include Blockchain-The supported digital assets will be traded as NFT linked to their respective physical assets. Buyers will be able to view the digital design integrated into the stamp by scanning the QR code on the card. Stamp holders will need to scan the QR code on the back of the card to activate the digital design on the blockchain network.
Speaking of this cooperation, EPG CEO Abdulla Mohammed Alashram said that accepting NFT is a strategic step to further advance the company’s adoption of the digital vision. He added that his company is willing to explore the potential of blockchain technology to enhance operability and competitive advantage. Pioneer is willing to introduce more digital stamps for the tech-savvy generation who love digital technology in the future.
The UAE government is taking steady measures to inject Blockchain technology And virtual assets enter the system. Regulators are implementing various regulations to support encryption. The government issued a special regulatory framework in September to support cryptocurrency transactions and activities in the Dubai Free Economic Zone. In addition, in October, the Dubai Financial Services Authority clarified virtual investment tokens. These laws are designed to provide legal protection for investors and operating companies.
Huobi Group uses Singapore as its regional headquarters
Known as the top digital asset service provider company, Huobi Group It has chosen Singapore as its regional headquarters for the Asian crypto industry. This major shift to Singapore is a direct result of the unresolved crisis in China’s crypto sector. The Chinese authorities brought a sudden blow to the industry by closing mining centers and restricting cryptocurrency transactions within the country. In response, Huobi Global decided to withdraw from China and set up a new headquarters in Singapore.
The cryptocurrency giant is preparing to launch a fully dedicated exchange portal called “Huobi Singapore” for Singapore investors. The subsidiary will start operations after obtaining permission from the Monetary Authority of Singapore.
The Singapore office will not cater to Singaporean traders as all trading activities will be managed by the Huobi Singapore team. The news that Singapore has become the headquarters of Huobi’s Asian business can be regarded as an unforeseen step, because Huobi Global recently stopped serving Singapore users due to local regulations.
The sudden interest of the encryption industry in Southeast Asia makes the latter a highly competitive market space. The fast-paced cryptocurrency adoption in the region has caused cryptocurrency companies and trading exchanges to fight to establish control. The loose regulation of cryptocurrencies helped Southeast Asia become popular among companies overnight. The news of Huobi Group’s establishment of its headquarters in Singapore has been actively welcomed by Asian users, and the price of Huobi token HT has seen a significant increase.
Coinbase buys Unbound Security to launch research center in Israel
lead Cryptocurrency exchange Coinbase is known for providing user-friendly services to crypto enthusiasts, and it has acquired Unbound Security, a crypto security company based in Israel. With this deal, Coin Bank It will lay the cornerstone for a new research center in Israel, which is dedicated to decentralized tools. The cryptocurrency trading giant will have full access to Unbound’s cryptographic security expertise and will also receive support to enter the Israeli crypto industry.
Unbound Security provides users with expert services related to multi-party computing. The portal allows users to seamlessly access immutable cold offline storage and convenient online wallet solutions. The Coinbase team revealed that they are happy to work with Unbound Security to further promote its expansion in Israel. The exchange considers Israel to be a technological core and cryptography center, with some of the best talents in their respective fields. The partner companies will work together to develop research facilities in the near future.
In April, Coinbase went public on the Nasdaq, which finally made the company’s valuation reach nearly 100 billion U.S. dollars. Recently, the crypto wallet provider BRD announced a partnership with Coinbase to promote the adoption of Web 3.0 and enhance self-hosted clusters. The exchange giant strategically acquired companies such as artificial intelligence-based Agara, data aggregator Zabo and data analysis company Skew. The company’s revenue in the third quarter of 2021 was US$1.2 billion, and the portal’s total profit was US$406 million.
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