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Hashed Ventures expands to Abu Dhabi

Hashed Ventures, a prominent South Korean blockchain investment firm, has announced its expansion into Abu Dhabi, marking a strategic move to bolster fintech collaboration between South Korea and the United Arab Emirates (UAE).

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Hashed Ventures, a prominent South Korean blockchain investment firm, has announced its expansion into Abu Dhabi, marking a strategic move to bolster fintech collaboration between South Korea and the United Arab Emirates (UAE).

The expansion into Abu Dhabi is set to enhance Hashed Ventures’ presence in the Middle East, leveraging the region’s growing interest in blockchain technology and digital finance. The firm aims to foster partnerships and explore investment opportunities in Abu Dhabi’s burgeoning fintech ecosystem.

Hashed Ventures, known for its expertise in blockchain investments and incubation of innovative startups, views Abu Dhabi as a key hub for fintech innovation and digital transformation. The move underscores the firm’s commitment to supporting global blockchain initiatives and expanding its footprint in strategic international markets.

In recent years, South Korea and the UAE have emerged as leaders in fintech and blockchain adoption, with both countries prioritizing technological innovation and regulatory frameworks to foster growth in digital finance. Hashed Ventures’ expansion into Abu Dhabi aligns with broader efforts to strengthen bilateral fintech ties and capitalize on mutual interests in blockchain innovation.

As Hashed Ventures establishes its presence in Abu Dhabi, stakeholders anticipate increased collaboration and investment opportunities in blockchain-based projects and fintech startups. The firm’s strategic move reflects confidence in Abu Dhabi’s supportive regulatory environment and market potential for blockchain-driven solutions.

Looking ahead, Hashed Ventures plans to leverage its expanded presence in Abu Dhabi to drive innovation, foster partnerships, and explore new avenues for blockchain investment and development. The firm’s expansion into the UAE underscores its commitment to advancing blockchain technology’s global adoption and contributing to the evolution of digital finance.

In conclusion, Hashed Ventures’ decision to expand into Abu Dhabi signifies a significant step towards strengthening fintech collaboration between South Korea and the UAE. The move highlights the firm’s strategic vision to capitalize on emerging opportunities in the Middle East’s fintech landscape and drive innovation in blockchain technology on a global scale.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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