In a historic pivot, Crypto.com has voluntarily dropped its lawsuit against the U.S. SEC, signaling a strategic shift in its regulatory approach. This decision appears to be aligned with recent
"Honored to have a seat at the table," Crypto.com CEO Kris Marszalek said while sharing a picture with the U.S. president.
Cardano founder Charles Hoskinson has recently sparked market discussions with his recent comment on the Cardano Foundation (CF) jurisdiction. In a recent X post, he said that the Foundation should consider shifting its legal base from Switzerland if it doesn’t allow it to elect its board members “democratically.” Besides, he also urged CF to move its base to other places like Abu Dhabi or Wyoming. Charles Hoskinson Calls For Cardano Foundation’s Jurisdiction Change In a recent social media post, Cardano founder Charles Hoskinson expressed concerns over CF’s adherence to democratic principles. He argued that Switzerland’s legal framework limits the community’s role in electing board members, creating a governance gap. Having said that, Hoskinson proposed an alternative and recommended CF’s jurisdiction shift to “Abu Dhabi or Wyoming”, both known for their blockchain-friendly environments. Notably, the call for Cardano Foundation’s security and transparency also surged among users after a recent X hack incident of the organization. However, Hoskinson noted that Switzerland’s governance model restricts community influence. He emphasized the need for transparency and a shift toward community-driven decisions. Besides, the Cardano founder also questioned past board appointments, urging more accountability. Meanwhile, this sentiment echoes frustrations from Cardano enthusiasts who seek a governance model that promotes inclusivity. One user responded, stating that Swiss bylaws enforce strict compliance and offer some protection but lack flexibility for broader community involvement. Hoskinson acknowledged the challenge, stating: “The alternative is having people appointed by the Swiss government forever choose their successors and never have any community input in the use of funds, leadership, or oversight.” Cardano Foundation Addresses Concerns The recent comment from Charles Hoskinson comes as the Cardano Foundation has recently made an X post addressing user concerns. In a recent X post, CF has responded to governance critiques with a promise of transparency. The Foundation announced a series of open discussions to address community concerns, starting with a virtual forum featuring CEO Frederik Gregaard and other leaders. In an official post, the Foundation stated: “Transparency, clarity, and dialogue are important to us. Over the past few years, we have put considerable effort into improving this, with the latest improvements being the launch of our financial insights report, along with our on-chain audited financial statements to complement our annual activity report.” However, the Foundation’s recent efforts seem insufficient for the Cardano founder, who has called for an entirely new structure. He believes shifting to a decentralized framework can better align with the blockchain’s ethos. Hoskinson’s push for change has sparked widespread discussion in the crypto community. Supporters of his proposal see it as an opportunity to elevate Cardano’s standing as a decentralized ecosystem. However, critics warn of potential challenges, including the complexities of implementing a fair election process and securing effective governance. Meanwhile, this comes after Hoskinson recently engaged in a Cardano Foundation’s anonymous whistleblower’s post, which has gained notable traction. The post Charles Hoskinson Calls For Cardano Foundation Move To Abu Dhabi Or Wyoming appeared first on CoinGape .
The post Coinbase Premium Index Shows Sign of Weakness Despite Bitcoin Surge appeared first on Coinpedia Fintech News Bitcoin’s recent price surge to $107K has caught attention, but a key indicator is showing a potential warning. The Coinbase Premium Index, which tracks Bitcoin demand in the U.S., has been declining even as Bitcoin’s price rises. This divergence suggests that while Bitcoin’s value increases, it might not be fully supported by U.S. investor demand. With significant factors like the upcoming Bitcoin ETFs and the U.S. presidential election influencing the market, this trend raises concerns about the strength of Bitcoin’s upward momentum.
Coinbase, the leading cryptocurrency exchange in the US, has announced a halt to Wrapped Bitcoin (wBTC) trading starting December 19 due to unforeseen compliance concerns. This move sparks controversy as
The cryptocurrency space thrives on innovation, and the latest buzz centers around Lightchain AI (LCAI) , hailed as the XRP Killer. With its groundbreaking features and viral popularity, Lightchain AI is drawing attention as a formidable contender in the blockchain world. Currently priced at $0.003 during its Lightchain AI Presale , the project has quickly captured the imagination of investors and enthusiasts alike. While Ripple (XRP) has long been a leader in cross-border payment solutions, Lightchain AI is carving a niche of its own by merging blockchain with artificial intelligence. This fusion has propelled it into the spotlight, with many predicting it could redefine the competitive landscape. In this article, we delve into the features, momentum, and community sentiment driving Lightchain AI’s viral rise. Key Features of Lightchain AI That Set It Apart From XRP Lightchain AI’s success stems from its innovative approach to blockchain and artificial intelligence integration. Unlike XRP, which focuses on streamlining cross-border payments, Lightchain AI addresses broader challenges with its Proof of Intelligence (PoI) consensus mechanism. PoI incentivizes nodes to perform meaningful AI computations, such as model training and optimization, directly contributing to the platform's utility. Another standout feature is the Artificial Intelligence Virtual Machine (AIVM), which provides a secure and scalable environment for executing AI-specific tasks. While XRP has carved out its niche in financial technology, Lightchain AI targets industries such as healthcare, logistics, and finance, making it a more versatile platform. These unique features ensure that Lightchain AI not only competes with XRP but also extends the blockchain’s applicability to a wider range of use cases. Recent Developments That Have Propelled LCAI Into the Spotlight Lightchain AI’s viral status is no coincidence; a series of recent developments has amplified its visibility. The ongoing presale, priced at $0.003, has attracted significant attention from both retail and institutional investors. This early-stage opportunity offers an attractive entry point, driving widespread interest and investment. Additionally, Lightchain AI’s roadmap includes a testnet launch in early 2025, followed by a mainnet rollout mid-year. These milestones underscore the platform’s commitment to continuous innovation and scalability. As these developments unfold, Lightchain AI’s market relevance continues to grow, cementing its position as a project to watch. Market Momentum Driving Lightchain AI’s Viral Status The cryptocurrency market’s excitement over Lightchain AI stems from its ability to tap into multiple trends. The integration of AI and blockchain addresses a growing demand for decentralized solutions capable of handling complex computational tasks. This unique value proposition has resonated with investors seeking transformative projects. Moreover, Lightchain AI’s affordability has been a significant driver of its viral status. Priced at just $0.003, the token offers an accessible entry point for a wide range of investors. This affordability, combined with its potential for exponential growth, has created strong market momentum, propelling Lightchain AI into the spotlight. Community and Investor Sentiment Surrounding Lightchain AI Lightchain AI’s rise to prominence is bolstered by its rapidly growing community of supporters. Enthusiasts are drawn to the project’s innovative features and the opportunity to participate in its early stages. The presale has sparked widespread excitement, with investors rallying around the token’s potential to deliver significant returns. Sentiment on social media platforms and cryptocurrency forums reflects a strong belief in Lightchain AI’s ability to disrupt the market. The platform’s transparent roadmap and focus on addressing real-world challenges have fostered trust and confidence among its backers. This growing community support is a key factor driving Lightchain AI’s momentum and viral popularity. Why Lightchain AI Could Redefine Blockchain’s Competitive Landscape Lightchain AI combines blockchain technology with artificial intelligence, addressing key issues like scalability, privacy, and governance. Its unique approach differentiates it from competitors like XRP, which focuses mainly on financial transactions. The platform enables decentralized AI tasks, unlocking new possibilities across various industries. It offers a versatile and impactful solution for enterprises and developers. As adoption grows, Lightchain AI’s relevance and market value are expected to increase significantly. These factors position Lightchain AI as a leader in the next wave of blockchain innovation. Lightchain AI’s Ascent as a Top Contender in Crypto The buzz around Lightchain AI as the XRP Killer is well-deserved. With its innovative features, affordable entry price of $0.003, and growing community support, Lightchain AI is rapidly ascending the ranks of top cryptocurrency projects. Its focus on integrating AI with blockchain addresses critical challenges and expands its utility across multiple industries, making it a standout contender in the competitive crypto landscape. As Lightchain AI progresses through its roadmap and gains adoption, it is poised to disrupt the market and redefine what blockchain technology can achieve. For investors seeking the next big opportunity, Lightchain AI offers unparalleled potential, solidifying its place as a leader in the future of decentralized innovation. Visit the Lightchain AI Website Read the Lightchain AI Whitepaper Follow Lightchain AI on Twitter/X Join the Lightchain AI Community on Telegram Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Chaincode Labs , a privately funded Bitcoin research and development centre based in New York City, has awarded its inaugural Bitcoin Scholarship to 17-year-old Ishaana Misra, the youngest contributor to Bitcoin Core in the technology's 15-year history. Misra was selected from 232 applicants globally for the scholarship, covering one year's academic expenses. She can renew it annually to potentially fund her entire undergraduate education. "This scholarship exists to encourage young people to consider a career in Bitcoin open source development," said Adam Jonas, CEO of Chaincode Labs . "In order to do that, they need experience. This seemed like the right kind of incentive where we are helping them continue their education and they spend their summers contributing to Bitcoin open source software." Misra started programming at 12, but her Bitcoin journey began before high school when she read the whitepaper. She quickly went from running a node to contributing to Bitcoin Core, teaching herself C++. "I'm usually the youngest at Bitcoin developer meetups, but I don't think about it much anymore," said Misra. "Your work really speaks for itself. If you're interested, people will take you seriously." It's inspiring to see the younger generation getting involved with Bitcoin development and being supported, as it will encourage more youth to contribute.
The crypto community is lashing out against Coinbase’s reasoning for delisting Wrapped Bitcoin (WBTC) after the exchange linked the decision to the “unacceptable risk” associated with Tron founder Justin Sun. On December 17, Coinbase filed a response to a lawsuit from BiT Global, a company affiliated with Sun. The lawsuit accused the exchange of harming the Wrapped Bitcoin (WBTC) market by removing the token from its platform in November. In its filing, Coinbase referenced concerns about Sun, citing allegations of financial misconduct and ongoing regulatory investigations as reasons for the delisting. According to the exchange, Sun’s involvement in the WBTC project presented significant risks that could compromise its platform’s integrity. However, this explanation has sparked sharp criticism within the crypto community, with many questioning the adequacy of Coinbase’s legal and technical justification for the move. Bit Global: WBTC delisting is ‘ill-advised’ In the lawsuit that BiT Global filed on December 13, it argues that the delisting was illegal and would lead to irreparable damage to WBTC’s economics. The lawsuit also criticized Coinbase for listing other tokens, including memecoins, which BiT Global claims are less serious than WBTC. Moreover, BiT argues that COIN’s launch of its own tokenized Bitcoin product, cbBTC, breaches antitrust laws and could lead to a monopoly in the tokenized Bitcoin market, potentially stifling competition. The exchange’s filing justified the delisting by pointing to Sun’s alleged past misdeeds, including accusations of fraud and market manipulation. It expressed skepticism about BiT Global’s credibility, highlighting the firm’s ties to Sun. The exchange contended that its internal process led to the decision to delist WBTC, based on concerns that continued association with Sun could jeopardize its platform’s security and customer trust. Court documents excerpts from the Bit Global vs. Coinbase case. Source: Coinbase Filing Despite this, BiT Global’s legal request to reverse the delisting claims that Coinbase’s decision was arbitrary and without merit, suggesting that the delisting would harm the token’s liquidity and market value. Crypto community uproar ensues Bitcoin enthusiasts and critics of the exchange, such as the prominent figure Pledditor, have lambasted the exchange’s actions, accusing it of relying on a tenuous rationale to remove WBTC. In a post on X, Pledditor described Coinbase’s decision as “guilt by association,” arguing that the exchange’s animus toward Sun overshadowed any solid legal or technical foundation for the move. So in a court filing today, @Coinbase gave their reason why they delisted wBTC, and it's basically just they don't like Justin Sun. That's really just it. They don't give any technical or legal arguments about why wBTC can't be listed. It's just guilt by association pic.twitter.com/bJmMnAue7x — Pledditor (@Pledditor) December 17, 2024 The crypto exchange’s justification also faces scrutiny due to its own legal challenges. Sun, who has been the target of multiple regulatory investigations, is facing charges from the U.S. Securities and Exchange Commission (SEC) for alleged violations, including fraud. Adding to the debate, VanEck adviser Gabor Gurbacs highlighted the irony in COIN’s stance against Sun, pointing out that the exchange itself is embroiled in significant legal battles. Gurbacs noted that Coinbase, which is under investigation by the SEC for allegedly offering unregistered securities, is hypocritical for focusing on Sun’s alleged misconduct while facing its own regulatory challenges. It’s ironic that @coinbase is treating @justinsuntron this way. Coinbase itself is under SEC and numerous other investigations, probably many more than Justin and his businesses. Questioning someone’s reputation this way might just bring out skeletons from their own closet. https://t.co/LsJx7iOhJR — Gabor Gurbacs (@gaborgurbacs) December 17, 2024 Meanwhile, the crypto exchange is also facing charges from the SEC, including one filed in June 2023, accusing the exchange of offering unregistered securities through various tokens listed on its platform. Coinbase’s Chief Legal Officer, Paul Grewal, publicly called for a more constructive approach from regulators toward the cryptocurrency industry. In addition to the SEC investigation, Coinbase also settled with the New York Department of Financial Services in January 2023 for $100 million, addressing concerns about its compliance program. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Key takeaways : Bittensor price predictions anticipate a high of $727 by the end of 2024. In 2027, TAO will range between $1,076 and $1,319, with an average price of $1,115. In 2030, TAO will range between $3,563 and $4,080, with an average price of $3,660. Bittensor is a decentralized artificial intelligence-based network that integrates blockchain technology with AI. It uses Proof of Learning (PoL) to make sure nodes provide reliable AI models while protecting user privacy. Its cross-chain compatibility and native token expand the decentralized AI ecosystem’s use cases, TAO, which encourages cooperation. The PoL consensus method TAO uses is revolutionary because it guarantees that only nodes with successful artificial intelligence models receive rewards. It promotes the growth of capable artificial intelligence technology inside the network and upholds high performance. Bittensor uses its cryptocurrency token, TAO, to encourage node operators and AI developers. Because of the token economy, the network’s community is more vibrant and engaged, encouraging creativity and teamwork. What next for the artificial intelligence-based decentralized machine learning network Bittensor and its token TAO in the remainder of 2024 and beyond? Let’s get into the TAO price prediction and technical analysis. Overview Cryptocurrency Bittensor Ticker TAO Current price $528.51 Market cap $3.89B Trading volume $315.53M Circulating supply 7.38M TAO All-time low $30.83 on May 14, 2023 All-time high $757.60 on Mar 07, 2024 24-hour low $543.57 24-hour high $509.00 TAO price prediction: Technical analysis Metric Value Volatility (30-day variation) 10.19% 50-day SMA $ 521.95 200-day SMA $ 428.16 Sentiment Neutral Fear and greed index 80 (Extreme Greed) Green days 17/30 (57%) Bittensor price analysis: Cryptocurrency upgrades to $528.51 amidst upturn TL;DR Breakdown : Bittensor price analysis revealed an increasing trend at $528.51. Coin value has gained up to 1.29% of value through the day. Cryptocurrency prices are targeting next resistance at $729.49. On December 18, 2024, Bittensor price analysis revealed an upward market trend for the cryptocurrency. TAO/USD value has stepped up to a $528.51 high in the past 24 hours. Side by side, the cryptocurrency gained up to 1.29% of recovery through the day. Despite the bearish tide in the past weeks, today the market trends remained in favor of the bulls. TAO/USD 1-day chart analysis The one-day price chart of Bittensor coin revealed an increasing market trend for the currency. Coin value has improved up to $528.51, a high during the day. Considering the rising volatility, there is a high chance of reversal in the market events soon. The distance between the Bollinger bands determines the market volatility. This distance is expanding, referring to an increasing volatility. Moving on, the upper limit of the Bollinger Bands indicator, acting as the resistance band, has shifted to $729.5. Whereas, its lower limit, serving as the support band, has moved to $497.47. TAO/USD 1-day price chart The Relative Strength Index (RSI) indicator is present within the neutral area. Its value has increased up to index 41.87 over the past 24 hours. The ascending curve on the RSI indicator confirms the bullish market. The buying activities have been dominating over the selling activities today. Today’s increasing movements refer to a relatively stable market. TAO/USD 4-hour chart analysis The four-hour price analysis of Bittensor coin confirmed an uptrend for the currency. TAO/USD value has spiked up to a $528 high over the past few hours. Green candlesticks on the four-hour price chart mark an upward momentum. The Bollinger bands are widening, referring to an increasing volatility. The increasing volatility levels signal a higher market unpredictability during the coming hours. Moving ahead, the upper limit of the Bollinger Bands indicator, acting as the resistance band, has shifted to $576.08. Whereas, its lower limit, serving as the support band, has moved to $509.27. TAO/USD 4-hour price chart The RSI indicator is present within the neutral area for now. Its value has climbed up to index 41.23 in the past four hours. This increasing movement refers to a balanced trading environment. The buying pressure has been constantly intensifying, leading to a turnover. The current market situation induces confidence within the investors regarding future price increases. Bittensor technical indicators: Levels and actions Daily simple moving average (SMA) Period Value ($) Action SMA 3 633.23 SELL SMA 5 633.70 SELL SMA 10 574.90 BUY SMA 21 538.62 BUY SMA 50 521.95 BUY SMA 100 469.01 BUY SMA 200 428.16 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 544.89 BUY EMA 5 544.80 BUY EMA 10 557.86 BUY EMA 21 555.96 BUY EMA 50 493.79 BUY EMA 100 433.15 BUY EMA 200 396.59 BUY Is Bittensor TAO a good investment? TAO is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin faces uncertainties and volatility as all other cryptocurrencies. Our Cryptopolitan price prediction explores its expected movements from 2024 to 2030. What can we expect from Bittensor price analysis next? Bittensor price analysis gives out a bullish prediction with regards to the ongoing market events. Cryptocurrency value has spiked up to a $528.51 high over the past 24 hours. Side by side, the cryptocurrency received up to 1.29 percent of a boost through the day. This creates an encouraging scenario for the investors, as the bulls have bounced back. Technical indicators are giving out a negative signal regarding the current price movements. However, the price charts are presenting a relatively bullish overview of the market. Why is TAO up? TAO has been increasing rapidly for the past 24 hours. The coin has increased to $528.51 amidst rising buying activity, which triggered a massive ascent. Bittensor gained substantial value amidst growing buyers’ pressure in the past few hours. Will Bittensor reach $500? Yes, Bittensor should rise above $500 in 2025. Its price will range between $590.53 and $713.91 during that period. Will Bittensor reach $1000? Yes, Bittensor should rise above $1000 in 2027. Its price will range between $1,188 and $1,437 during that period. Will Bittensor reach $5000? Per the Cryptopolitan price prediction, Bittensor TAO prices are unlikely to reach $5000 before 2030. Does Bittensor have a good long-term future? According to Cryptopolitan price predictions, Bittensor TAO will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory. Recent news/ opinions on Bittensor TAO.BOT has launched dTAO (dynamic TAO), a system designed to change the distribution process of Bittensor resources. The automated system aims to enhance transparency and efficiency, better facilitating the top-performing subnets. According to the updates, the mechanism will be market-driven and decentralized. 📈 What’s dTAO and why is everyone talking about it? Dynamic TAO (dTAO) changes how Bittensor $TAO distributes its resources. Today, validators and manual decisions decide how things work—soon, it'll be automated and driven by market demand. This means more fairness, more… pic.twitter.com/93PQGGxWxO — tao.bot (τ, τ) (@taodotbot) December 2, 2024 Bittensor price prediction December 2024 A break of resistance will result in a mini bull run, with the next target at $750. This month, it will average at $549, and in a bearish scenario, TAO could drop to $439 at its lowest. Month Potential low ($) Potential average ($) Potential high ($) December 439 549 750 Bittensor price prediction 2024 The technical indicators are bullish on TAO in the second half of 2024. It is anticipated to trade between $430 and $727, which is quite near the current Bittensor price, with an average price of $555. Year Potential low ($) Potential average ($) Potential high ($) 2024 430 555 727 Bittensor price predictions 2025-2030 Year Potential low ($) Potential average ($) Potential high ($) 2025 $519.50 $538.39 $642.76 2026 $753.25 $774.78 $893.17 2027 $1,076 $1,115 $1,319 2028 $1,560 $1,604 $1,902 2029 $2,359 $2,423 $2,712 2030 $3,563 $3,660 $4,080 Bittensor price prediction 2025 The Bittensor price forecast for 2025 sets the high at $642.76 as the Bittensor market revives. The lowest price of TAO for the year will be $519.50, and the average price will be $538.39. Bittensor price prediction 2026 TAO is expected to experience more bullish momentum in 2026. According to the Bittensor forecast, it will range between $753.25 and $893.17, with an average price of $774.78. Bittensor price prediction 2027 The Bittensor price prediction climbs even higher in 2027; experts suggest the coin’s price will range between $1,076 and $1,319, with an average price of $1,115, as per TAO price forecast. Bittensor TAO price prediction 2028 The Bittensor price prediction suggests further accelerating TAO’s growth by 2028. According to the TAO’s price prediction, the token price will range between a minimum Bittensor’s price of $1,560 and a maximum price of $1,902. The average price for the year will be $1,604. Bittensor price prediction 2029 According to the Bittensor price forecast for 2029, the TAO price will reach a maximum and minimum of $2,359 and $2,712, respectively, with a year-round average price of Bittensor of $2,423. Bittensor crypto price prediction 2030 The Bittensor price prediction for 2030 indicates a price range of $3,563 and $4,080 and an average price of $3,660. TAO price prediction 2024 – 2030 TAO market price prediction: Analysts TAO price forecast Platform 2024 2025 Digitalcoinprice $659.23 $767.90 Coincodex $ 756.20 $ 1,448.03 Cryptopolitan’s Bittensor (TAO) price prediction At current levels, TAO presents the potential to be bullish. According to our predictions, TAO could achieve a high of $727 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $519.50 – $642.76, with an average of $538.39. Note the predictions are not investment advice. Seek independent professional consultation or do your research. Bittensor (TAO) historic price sentiment TAO price history The TAO token was launched by Bittensor network on March 6, 2023, with an opening price of $93.4. Within one week of its launch, TAO dipped below its opening price to the $76 range. By the start of April 2024, TAO lost 50% of its value as its price stepped down to $47. In May, TAO stepped further down to $30.83 (the lowest value) but started to recover slowly, reaching only $63 by the end of the month. In July 2024, TAO recovered up to $86.18, just shy of its opening price, before dipping again. TAO traded in the nearly $54 range till October, after which it started to spike. Finally, in November 2023, TAO reached the $95 range and peaked at $379 on December 15. TAO remained in a downtrend till mid-January 2024 before spiking to an all-time high of $757.60 on March 7, 2024, its highest price paid. By April 2024, Bittensor TAO lost almost 25% of its value again by dipping to $522. For May, June, and July, the token continued covering a range downward while making small spikes in between, reaching $216 at the start of July. TAO jumped to $357 on July 19, while slipping back to $281 by the end of August, 2024. While, the coin traded near $265 range at the start of September. In October 2024, Bittensor (TAO) rose till the $660 range before closing at $468. In November, TAO rose to a high of $679, and after a slight correction it is trading near $621 mark. on December 3, 2024.
Leading crypto exchange , Crypto.com, has appointed Mohammed Al Hakim as President of its United Arab Emirates (UAE) operations, as learned by Finbold on Wednesday, December 18. The move comes as Crypto.com highlights the importance of regional growth and diversity and marks the first time an Emirati and Gulf Cooperation Council (GCC) national assumed this role within the broader cryptocurrency industry. https://t.co/vCNztATkNg is proud to announce Mohammed Al-Hakim as President of its UAE operations, underscoring the company’s commitment to regional growth and talent. Al Hakim brings extensive expertise in business development, strategic partnerships, and financial innovation.… pic.twitter.com/gKHSCLtvL9 — Crypto.com (@cryptocom) December 18, 2024 With over ten years of experience in business development and financial innovation behind him, Mohammed Al Hakim, secured partnerships that attracted more than $800 million in foreign investments in Dubai, the UAE government projects, and Emirati talent programs. He is a member of the Mohammed Bin Rashid Center for Leadership Development (MBRCLD), responsible for spotting and nurturing future regional leaders and innovators. Before that, he served in key roles at the UAE Ministry of Human Resources and Emiratisation and significantly contributed to the Ministry’s excellence award for partnership and integration. Crypto.com predicts the region to be a future crypto hub Crypto.com recognized the UAE and GCC as a key emerging hub for digital assets, with over $30 billion in transaction volume between July 2023 and June 2024. In his new role, Al Hakim will lead Crypto.com’s regional initiatives in collaboration with the UAE government, local blockchain and financial innovation projects, and GCC’s various council programs. Eric Anziani, President and Chief Operating Officer of Crypto.com, greeted the new addition to the Crypto.com’s team: We’re really excited to welcome Mohammed Al Hakim to Crypto.com, and appreciate the knowledge, experience and background he will bring to our expanding UAE team. We have a number of growth initiatives and exciting product launches in the pipeline for 2025 in the UAE and wider GCC region and we’re delighted to have Mohammed onboard to spearhead these.’ Mohammed Al Hakim welcomed the decision: ‘I am honored to join Crypto.com at such an exciting time for the cryptocurrency industry. The UAE’s leadership in fostering a forward-thinking regulatory framework has set the stage for exponential growth, and I look forward to contributing to Crypto.com’s mission by driving innovation and delivering exceptional value to our users across the UAE and GCC.’ He added: ‘This role is an opportunity to give back to my country and region, and I am committed to making a meaningful impact.’ Crypto.com continues to expand in the UAE, as the appointment of the President of the UAE operations follows the recent acquisition of Orion Principals Limited, regulated by the Abu Dhabi Global Market (ADGM), and the launch of an AED Wallet for seamless local currency transactions. The post Crypto.com announces Mohammed Al Hakim to be President of UAE operations appeared first on Finbold .