Blockchain DXB: 🚨 Dubai: 18th June 🚨 💰Tether debuts ‘Synthetic ‘ $$$ 🏦Twitter (X) to Debut ‘Financial Ecosystem’ in US 🏦El Salvador — Bank for Bitcoin Investors 🟠Australia approves Bitcoin ETF

18th June: Crypto & Coffee at 8
💰Tether debuts ‘Synthetic ‘ $$$ 🏦Twitter (X) to Debut ‘Financial Ecosystem’ in US 🏦El Salvador — Bank for Bitcoin Investors 🟠Australia approves a Spot Bitcoin ETF

🔴 Tether.io announces the launch of Alloy by Tether: A new digital asset backed by Tether Gold Official info here https://lnkd.in/d-dqYzav It is developed by Moon Gold NA and Moon Gold El Salvador, it combines the stability of a stable currency with the reliability of gold. The first token, aUSD₮, tracks the value of the US dollar and is over-collateralized with Tether Gold stored in Switzerland. Users can mint aUSD₮ using Tether Gold as collateral through transparent smart contracts on the Ethereum Mainnet. Alloy by Tether offers a secure digital currency for transactions and asset management, with plans for further integration into digital asset platforms. Check out Blockchain DXB ‘s Crypto & Coffee at 8 podcasts we give in-depth information on this. We also give our commentary on the global market

🔵 Linda Yaccarino CEO of X (Twitter) told The Female Quotient that a payments functionality is a fast-approaching feature on Monday. She said she said will transform the way millions of users engage with each other on the platform also known as X. X has made progress on payments when it obtained three money transmitter licenses last July. Info via Decrypt here https://lnkd.in/d_87f_Qr
-Will they use Dogecoin?
- Will they use Bitcoin using Lightning Network?

🟠 President Bukele proposes a Bitcoin bank for El Salvador two weeks after starting the second term. If approved, it would offer Bitcoin investors broader financial services than conventional banks. More info via DL News here https://lnkd.in/dMPtM3hc
Salvadoran Ambassador to the US Milena Mayorga wrote in a post on X. “As part of our economic plan for El Salvador, we propose a BPI, Bank for Private Investment, where we can diversify the financing options offered to potential investors in dollars and Bitcoin,”

🟠 The Australian Securities Exchange (ASX), which represents 90% of Australia’s equity market, has approved its first spot-bitcoin (BTC) exchange-traded fund (ETF), as announced in a blog post by the issuer VanEck. The blog here https://lnkd.in/dkWHtQvn also states It will be launching on the 20th of June & the VanEck Bitcoin ETF will be the lowest-cost bitcoin ETF in Australia. Intresting article by Jamie Hannah Deputy Head of Investments & Capital Markets, VanEck that explains ‘BTC & ETF — Why it works’ is a good read here https://lnkd.in/dAWNiQqy We also recommend reading an article by Blockchain DXB ‘Why Spot Bitcoin ETF approval sucks balls’ here https://lnkd.in/d9ey3KKr

🟠 Two UAE news (See slides)
⚡ Aspen Digital has obtained in-principle approval (IPA) from the Financial Services Regulatory Authority to conduct activities within ADGM
⚡ Pillars of Open Blockchain — revisited by Blockchain DXB

For slides click here: https://tinyurl.com/rpkv7h3v

LinkedIn Profile: https://tinyurl.com/bdeevbru

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