SATS

Zcash

Jupiter

Dubai

Helium

<ul class="wp-block-list">
 <li>Abu Dhabi Global Market has observed a growth of 31% in the registration of leading companies’ offices, as per a report.&nbsp;</li>
 <li>Ray Dalio, a centi-billionaire and the founder of hedge fund Bridgewater Associates, inaugurated his family office in ADGM in 2023.</li>
 <li>In March 2023, Dubai Multi Commodities Centre signed affiliation agreements with South Korean companies.&nbsp;</li>
</ul>
In the last few years, the UAE (United Arab Emirates) has actively worked to regulate the digital asset currency transparently. The region is termed one of the fastest-evolving cryptocurrency hubs globally.&nbsp;
Abu Dhabi Global Market has grown significantly in establishing leading companies’ workplaces. As per available data, in H1, 2024, the registration of companies in ADGM grew 31%.&nbsp;
Morgan Stanley, a top multinational investment banking service, inaugurated its office in Abu Dhabi in February 2024. Financial companies, other venture capitals, hedge funds, and primarily crypto-based companies are continuously expanding their workplace in the UAE.
Ray Dalio, a centi-billionaire and the founder of hedge fund Bridgewater Associates, inaugurated his family office in ADGM in 2023.&nbsp;
There are claims that Rothchild and Goldman Sachs, the giant asset managers, are eyeing to extend their services all over UAE. However, the asset managers have already established their small offices in Dubai.&nbsp; Does UAE Have a Crypto-Favoring Environment? 
The UAE government has developed numerous proactive approaches toward cryptocurrency and blockchain.
Moreover, UAE, the Arab World’s second most developed economy, is exploring future investment opportunities. The Dubai Virtual Asset Regulation Law established VARA in March 2022, the first to regulate virtual assets.&nbsp;
Its primary aim is to develop international standards for the<a href="https://news.todayq.com/grayscale-expands-with-makerdao-fund-mkr-token-gains-momentum/" target="_blank" rel="noopener noreferrer nofollow"> virtual asset</a> industry and to design a cutting-edge legal framework to safeguard investors and foster responsible business growth in and out of the Emirate.&nbsp;
In March 2023, Dubai Multi Commodities Centre signed affiliation agreements with South Korean companies.&nbsp;
The country has decided to fund companies that provide services related to Web3 products and Metaverse. South Korea is known for its technological advancement in gaming, VR, and Web3.
Binance, a leading centralized cryptocurrency exchange, inaugurated its office in UAE in August 2023; OKX followed the path and launched its MENA office in October 2023. Statista says the total number of cryptocurrency users is expected to reach 3.15 Million by 2028.&nbsp;
Market watchers claim that most <a href="https://news.todayq.com/dbs-joins-ant-for-blockchain-based-liquidity-management/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency </a>transactions in the UAE are tackled by the centralized exchanges listed in the region. In the past few years, the royal families of the nation have expressed their keen interest in digital assets.&nbsp; Crypto Market Price Alert 
The fear and greed index powered by CoinMarketCap is at 55, reflecting neutrality; when writing, the global crypto market capitalization is $2.14 Trillion, with an addition of 2.74% intraday.&nbsp;
One of the most adopted digital assets’ trading volume, Bitcoin, has dropped over 18%. However, its price increased 3.31% in the past 24 hours. The on-chain data claims that the number of addresses holding 1- 1k BTC grew particularly following the approval of much-awaited Bitcoin spot ETFs.&nbsp;&nbsp;
Weekly Gainers&nbsp;
<ul class="wp-block-list">
 <li>Sui (SUI): +47.49% to $0.9292</li>
 <li>Helium (HNT): +44.45% to $7.21</li>
 <li>SATS (1000SATS): +38.37% to $0.0003221</li>
 <li>Zcash (ZEC): +35.57% to $44.77</li>
 <li>Aptos (APT): +27.86% to $6.81</li>
</ul>
Weekly Losers
<ul class="wp-block-list">
 <li>Flare (FLR): -11.08% to $0.01514</li>
 <li>Jupiter (JUP): -9.21% to $0.8123</li>
 <li>Bonk (BONK): -8.62% to $0.00001964</li>
 <li>MANTRA (OM): -8.62% to $0.9758</li>
 <li>Floki (FLOKI): – 7.64% to $0.0001229</li>
</ul>

ADGM Registers 31% Surge in Company Offices Registration

Todayq News

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