Crypto News Recap: Blockchain Economy Summit is Coming to Dubai

Published August 21st, 2022 - 08:20 GMT
Crypto News Recap: Blockchain Economy Summit is Coming to Dubai
Some of the sponsors of this fantastic blockchain event included KuCoin, Gate.io, Bitget, BitMex, XT.com, OKX, and Uphold. (Shutterstock)
Highlights
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This week on the Crypto News Recap, The 5th Blockchain Economy Summit will take place over two days in Dubai on October 4-5, 2022, with the world's top crypto businesses in attendance.

Also, Sharia-compliant cryptocurrency or Halal cryptocurrency is rolling out a crypto wallet designed to adhere to Shariah laws and regulations. All this and more so read along!

Blockchain Economy Summit is Coming to Dubai

The previous chapter of the World's Largest Blockchain & Crypto Conferences Network, Blockchain Economy Summit, has recently concluded in Istanbul - Türkiye with over 3,000 completely happy attendees from 82 nations all over the world.

Some of the sponsors of this fantastic blockchain event included KuCoin, Gate.io, Bitget, BitMex, XT.com, OKX, and Uphold. Turkish pop-star Emre Aydn, Microstrategy's Michael Saylor, Ukrainian Deputy Minister of Digital Transformation Alex Bornyakov, famous Turkish film and television star Engin Altan Düzyatan, renowned entrepreneur and investor Carl Runefelt, aka the Moon, Davinci Jeremie, and many more spoke on the main stage during the two-day Blockchain Economy Istanbul Summit.

ISLAMICOIN Rolls Out The World’s First Crypto Wallet With a Recovery Wallet Service

ISLAMICOIN, one of the most prominent projects in the worlds of cryptocurrency and Islamic finance, has announced the debut of the first Halal-only crypto wallet with unique features, dubbed "ISLAMIwallet."

ISLAMIwallet, according to the developers, is a cryptocurrency wallet designed to adhere to Shariah laws and regulations. ISLAMICOIN, Bitcoin, and other Halal cryptocurrencies, including (non-fungible tokens) NFTs, can be sent, received, and stored.

US Fed Releases Guidance for Banks Considering Crypto Activities

Last year, the Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation issued an interagency statement on their crypto-asset policy initiative.

The continued mainstreaming of cryptocurrency has resulted in varying levels of regulatory intervention around the world. Expectations for crypto-focused banks seeking accounts with the US Federal Reserve were clarified this week. The Federal Reserve Board established a framework outlining requirements for such applicant banks, including the level of due diligence based on each applicant's risk profile. Giving crypto-focused banks access to the Fed's so-called "master accounts" has taken time, but it indicates that authorities are increasingly incorporating digital assets into conventional finance.

Google invested Billions Into Blockchain Companies Since Last September

According to a report published by Blockdata, Alphabet, Google's parent company, invested the most capital in the blockchain business compared to any other public corporation, investing $1.5 billion between September 2021 and June 2022.

According to Cointelegraph, the corporation spent $1.5 billion in the blockchain area, focusing on four blockchain companies: digital asset custody platform Fireblocks, Web3 game developer Dapper Labs, Bitcoin infrastructure tool Voltage, and venture capital firm Digital Currency Group.


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