WAO ART

The UAE has launched the DARe framework for Decentralized Autonomous Organizations (DAOs) through RAK DAO, enhancing its position as a Web3 innovation hub. The framework offers two models: Startup DAO for emerging projects (under 100 members) and Alpha DAO for mature DAOs with treasuries over $1 million.

Switzerland's gift card market is projected to grow from US$1.6 billion in 2023 to US$2.2 billion by 2028. The growth is driven by e-commerce, remote work incentives, and a rise in digital gifting solutions.

Ethereum is experiencing strong upward momentum with reduced selling pressure and increased activity from large holders, indicating potential for significant price gains. Approximately $80 million worth of ETH has been withdrawn from exchanges in the last 24 hours, suggesting fewer traders are looking to sell.

Nigeria's inflation rate reached a record 32.70% in September 2024, severely impacting purchasing power. The average Nigerian earns about 30,000 Naira per month, translating to roughly 1,000 Naira per day, pushing many below the poverty line.

Buenos Aires has launched a blockchain-based digital identity system called QuarkID, integrated into the miBA app, prioritizing user privacy. The system utilizes zero-knowledge technology, allowing residents to verify information without exposing unnecessary personal details.

SEC Chair Gary Gensler wishes Bitcoin a "sweet sixteen" as the cryptocurrency's white paper anniversary approaches on Oct. 31, 2023. Gensler reaffirmed the SEC's commitment to a "regulation by enforcement" approach for digital assets, emphasizing investor protection.

Former CEO Grant Colthup of collapsed crypto platform Mine Digital faces a $2.2 million fraud charge in Queensland's Ipswich Magistrates Court. The charge, brought by ASIC, alleges that a customer paid $2.2 million for Bitcoin in July 2022 but never received it.