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17-storey Crypto Tower announced in Dubai as blockchain businesses thrive

The United Arab Emirates (UAE) has been a leader in blockchain adoption — having adopted far-ranging national strategies dealing with the new industry as early as 2016 . Within the Middle Eastern country, the Emirate of Dubai is leading the charge — having leveraged blockchain technology for supply chain transparency, government transactions , and property sales — among other uses. Dubai’s Multi Commodities Centre (DMCC) is at the heart of the action. The free-trade zone, located in the Jumeirah Lake Towers (JLT) district, also hosts a bustling Crypto Centre that has attracted businesses across the globe. An exciting new plan was announced on January 15 — per Emirates 24/7, the DMCC has partnered with REIT Development to construct a 17-storey Crypto Tower in the JLT district. This ambitious development seeks to position itself as a new hub for the bustling cryptocurrency industry, fostering innovation and growth. Crypto Tower aims to attract blockchain developers and investors to the UAE The 17-storey building is set to support the DMCC’s rapidly growing community of developers — 9 floors have been reserved for crypto startups and established businesses, while three are intended for blockchain incubators, venture capital firms, and investment companies. On top of that, an entire floor will be set aside for artificial intelligence innovation. In addition, the project includes a 10,000-square-foot indoor event space, as well as a 3,500-square-foot outdoor area intended for exclusive crypto and blockchain events. Beyond the core facilities, the crypto tower will also feature an NFT art gallery, gold bullion shop, exotic car dealership, and a 5,000-square-foot vault storage area. Once all is said and done, the development will add over 150,000 square feet of leasable space to the DMCC. Brenda Stratton, the communications director at REIT development, also noted that every expense will be on-chain — in addition, the use of on-chain voting will be leveraged to streamline tenant interactions and transactions, in a bid to reduce administrative load and set new transparency standards in the industry. As ambitious as the undertaking is, construction is expected to finish in the first quarter of 2027 — and full operation should begin shortly after. Featured image via Shutterstock The post 17-storey Crypto Tower announced in Dubai as blockchain businesses thrive appeared first on Finbold . NullTx

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Blockchain Creating Digital Infrastructure That Fortifies US Dollar Supremacy, According to Pantera Capital

Blockchain technology is fortifying the strength of the US dollar rather than weakening it, according to the digital asset investment firm Pantera Capital. In a new analysis , Jeff Lewis, Pantera’s hedge funds product manager, and Erik Lowe, the firm’s head of content, write that blockchain tech will reverse a decades-long trend of international de-dollarization. “Far from eroding the dollar’s supremacy, blockchain technology has created a digital infrastructure that fortifies it. The ability to tokenize and mobilize dollar assets globally allows the dollar to remain indispensable even as geopolitical and technological forces drive de-dollarization pressures. As J.P. Morgan noted in their report, the structural factors supporting the dollar’s dominance — deep capital markets, rule of law, and institutional transparency — remain unparalleled. Stablecoins extend these advantages to a digital, borderless context.” Lewis and Lowe note that 18 of the top 20 fiat-backed stablecoins have the letters USD in their names. Source: Pantera Capital They also note Bitcoin ( BTC ) is now increasingly perceived as a store of value rather than a medium of exchange and a threat to the US dollar. “The stablecoin/RWA (real-world asset) phenomenon has risen up to allow blockchain to make good on Bitcoin’s initial promise, by providing a means of exchange with stability and, ultimately, yield. Rather than eroding the dollar’s relevance, it is amplifying it.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Blockchain Creating Digital Infrastructure That Fortifies US Dollar Supremacy, According to Pantera Capital appeared first on The Daily Hodl . NullTx