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Abu Dhabi Global Market Fully Licenses Kraken as the First Global Crypto Exchange

Kraken Becomes the First Global Crypto Exchange to Be Fully Licensed by Abu Dhabi Global Market

Abu Dhabi Global Market granted a full financial license for crypto exchange Kraken. The regulator stated that Kraken will be the first virtual asset exchange group in the UAE that allows investors to trade, withdraw, and deposit virtual assets (bitcoin or ether) in local AED currencies.

Kraken Establishes Middle East Headquarters

Abu Dhabi Global Market announced Monday that Kraken, a cryptocurrency exchange, has been granted a full financial license by ADGM .”

Abu Dhabi Global Market, an international financial centre and free zone located in Abu Dhabi (the capital of the United Arab Emirates) It is the most regulated jurisdiction for virtual asset activities in the Middle East & North Africa (MENA).

The regulator explained:

Kraken is the first global cryptocurrency exchange to receive a Financial Services Permission (FSP) license to operate a regulated virtual asset exchange platform in the ADGM to service the needs of the Middle East and North Africa region.

“Kraken met all requirements from the Financial Services Regulatory Authority of ADGM to function as a Virtual Asset Multilateral Trading Facility and Custodian Abu Dhabi and the wider UAE.” The announcement details.

Kraken has its Middle East headquarters at ADGM. The regulator stated:

Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets (bitcoin and ether) directly in local AED currency.

Earlier this month, the FSRA issued a discussion paper on decentralized finance (defi). In March, the regulator published a consultation paper proposing significant amendments to its capital markets framework, including in crypto assets.

The FSRA also awarded cryptocurrency exchange Binance in-principle approval this month “to operate as a broker-dealer in virtual assets.”

What do you think about Kraken being the first global crypto exchange to be licensed by the ADGM? Comment below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection of cryptography and economics.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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As NuggetRush gears up for launch, SOL and BNB investors take notice amid retracements

Growing demand for Solana meme coins could boost its performance. BNB could return to $600 amid an expected network activity increase. NuggetRush (NUGX) will let users stake gaming NFTs in its artisanal mining landscape. Solana’s (SOL) network activity is on the rise, while BNB’s ongoing meme coin competition could boost its investor sentiment. At the…


  • Growing demand for Solana meme coins could boost its performance.
  • BNB could return to $600 amid an expected network activity increase.
  • NuggetRush (NUGX) will let users stake gaming NFTs in its artisanal mining landscape.

Solana’s (SOL) network activity is on the rise, while BNB’s ongoing meme coin competition could boost its investor sentiment.

At the same time, NuggetRush (NUGX) has positioned itself as one of the stellar gaming tokens in the crypto industry. Its presale sold over 270 million coins. NUGX’s value also returned 100% interest to its earliest investors. Yet, can NUGX emerge as one of the top altcoins? Keep reading for more.

NuggetRush’s NFT staking offer raises its popularity in GameFi

NuggetRush (NUGX) is expanding the wealth-building capabilities of the Ethereum gaming ecosystem. The project combines unique artisanal mining challenges with blockchain technology, resulting in a vibrant GameFi ecosystem. It invites gamers, investors, and P2E enthusiasts to join its ecosystem. NuggetRush (NUGX) will demand skillful solving of mining challenges that offer players high-value GameFi benefits.

The game’s landscape contains various NFT characters – each possessing multiple skills that range from artisanal mining to entrepreneurship. Leveraging the expertise of these NFT characters will help players build businesses out of their mining activities. You can sell each excavated resource for cash on NuggetRush’s (NUGX) marketplace. The game also gives out special rewards to players each time they complete mining tasks.

How many rewards you earn per gaming activity is influenced by the efficiency of your workers and machinery. However, you can upgrade your mining assets, boosting their efficiency and market value. You can also earn attractive rewards for choosing to stake your NuggetRush NFTs. The payout from NFT staking on NuggetRush (NUGX) goes as high as 20% APY. This allows investors to earn money from their NFT assets without selling them.

NuggetRush’s (NUGX) official listing is the next important development in its ecosystem. The project has sold over 270 million presale tokens. NUGX’s value surged to $0.020, marking a 100% value jump from its intitial price of $0.010 when the presale started.

For more information and upfdates about NuggetRush, Visit NuggetRush Website.

Solana’s network activity soars in Q1 2024

Solana (SOL) has become one of the top crypto coins in the digital asset industry. On-chain reports show a huge increase in active wallets on Solana (SOL) in Q1 2024. Solana announced that its active wallets had grown to 1.4 million in Q2 2024, rising by 900,000 from the previous quarter.

Despite its rising network activity, Solana (SOL) price struggles to return to $200. SOL traded at $129.70 on March 3. It surged by 55.8% to $202.12 on March 17. SOL fell by 4.8% to $192.23 on March 29 before dropping by 3.6% to $185.25 on April 3.

Solana (SOL) could rise due to its growing meme coin activity. Investor sentiment for Solana meme coins like BONK and Dogwifhat surged considerably in Q1 2024. Analysts expect Solana (SOL) to recover due to its high network activity. This could push SOL’s value up by 10.8%  to $205.44.

BNB launches its meme coin competition

BNB has unveiled a new meme coin competition in its ecosystem. Like many top DeFi projects, BNB hopes to capitalize on the current meme coin rush by offering $1 million in rewards. The competition will significantly increase meme coin activity in BNB’s ecosystem.

It could also boost BNB’s market performance. BNB price on March 2 was $410.99. It surged by 53.9% to $632.80 on March 15. BNB fell slightly to $612.66 on March 29 before falling by 8.2% to $562.02 on April 3.

BNB will undergo upgrades by mid-April. The upgrades will improve staking services on the network. Furthermore, BNB’s Beacon Chain will also undergo upgrades, boosting its overall network performance. This could push BNB’s value up by 7.9% to $606.72, making it one of the best performing bullish altcoins.


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Chainlink jumps on partnership with leading Oracle provider as AI altcoin aims to outpace Polkadot

A recent collaboration between Chainlink Labs and the Australia and New Zealand Banking Group (ANZ) has set a new benchmark, demonstrating the potential of interoperable blockchain solutions. Meanwhile, an emerging crypto, InQubeta, is making waves, positioning itself among the top ICOs that could be set to outpace established platforms like Polkadot. Chainlink and ANZ unveil game-changing integration The…


A recent collaboration between Chainlink Labs and the Australia and New Zealand Banking Group (ANZ) has set a new benchmark, demonstrating the potential of interoperable blockchain solutions.

Meanwhile, an emerging crypto, InQubeta, is making waves, positioning itself among the top ICOs that could be set to outpace established platforms like Polkadot.

Chainlink and ANZ unveil game-changing integration

The collaboration between ANZ and Chainlink Labs marks a significant milestone in bridging the gap between traditional finance and DeFi. Utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP), ANZ showcased the seamless settlement of tokenized assets across the Avalanche and Ethereum blockchain networks. This demonstration of cross-network asset trading and settlement in different currencies is a testament to the innovative spirit driving the blockchain industry forward.

At the heart of this initiative is the Delivery vs. Payment (DvP) model, a cornerstone of securities transactions, now reimagined in the blockchain domain. By tokenizing assets and payments on a unified blockchain infrastructure, ANZ aims to revolutionize traditional DvP processes, ensuring secure and intermediary-free settlements. This collaboration not only underscores the convergence of traditional and decentralized finance but also highlights the expansive potential of blockchain technology in transforming financial services.

InQubeta: embarking on a journey to redefine crypto and AI

InQubeta, meanwhile, is making its own splash in a sea of innovation where Chainlink and ANZ’s collaboration has already turned heads. But this isn’t just any new ICO on the blockchain block. InQubeta is on a mission to blend AI with blockchain in ways we’ve only dreamed of, aiming to transform how we think about and invest in technology.

Here’s the deal: InQubeta is breaking down the ivory towers of AI startups, making them accessible to anyone with a bit of QUBE, their revolutionary token. It’s about flipping the script on the traditional investment model, injecting it with a dose of equity, transparency, and dynamism that the sector has been craving.

Picture InQubeta as the linchpin of a new digital era. It’s where AI and blockchain don’t just coexist but collaborate, solving problems, boosting efficiency, and igniting innovation. It’s a world where backing AI startups isn’t just for the tech elite anymore — thanks to InQubeta, anyone can be part of shaping a future where technology amplifies human creativity.

InQubeta is also pioneering the use of NFTs that give investors a real stake in AI startups, paving the way for an investment landscape that’s not just inclusive but genuinely impactful. Alongside plans to bridge different blockchain networks and introduce a deflationary token model, InQubeta isn’t merely competing with giants like Polkadot; it’s lighting the way for the fusion of AI and blockchain.

The buzz is real, and it’s loud. InQubeta’s presale success and its steadfast focus on security have investors queuing up, all eager to be part of this journey. InQubeta isn’t just navigating the currents of change—it’s steering us towards a union of technology and finance, heralding a new dawn of innovation and collaboration.

Conclusion

Groundbreaking collaborations like the one between Chainlink and ANZ are paving the way for a future where finance is not just decentralized but seamlessly integrated and bursting with innovation. Amidst this backdrop, InQubeta gains traction as an emerging crypto platform, boldly pushing the boundaries where AI meets blockchain. 

It’s more than just aiming to surpass the likes of Polkadot; InQubeta is on a mission to carve out a transformative path, reimagining the potential at the crossroads of AI and blockchain technology. InQubeta invites us on an adventure to a future where the combined power of AI and blockchain is not just a concept but a reality, opening up a world where innovation is limitless.

For more updates on the InQubeta presale, visit their official website or join the InQubeta Communities.


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Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift

Bitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine months, driven by factors such as the recent Bitcoin halving event and [……
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