AI and Web3 enterprises drawn to Dubai's subsidized landscape

A sudden market downturn saw Bitcoin slipping under the $100,000 threshold on December 18-19. This followed the Federal Reserve’s 25 basis point rate cut announcement and comments from Fed Chair Jerome Powell during a press briefing.

BlackRock, the world’s largest asset manager, released an educational video about Bitcoin. In the 3-minute video, the company explains the history of money and how Bitcoin works as an asset for transactions and a store of value.

El Salvador and the International Monetary Fund (IMF) have reached an agreement on a $1.4 billion loan package to support the country’s reform agenda.