04th Dec: Blockchain DXB Podcast

🔥BREAKING South Korea Martial Law causes Bitcoin 🔻Coinbase integrates Apple Pay for #BTC & #DOGE 🏦 Franklin Templeton’s tokenized funds 💯 GoWoke Go Broke - Nike

🔥South Korean President Yoon went on live TV tonight to declare martial law to "root out pro-North Korea elements” This caused immediate turmoil in the country’s crypto markets. Bitcoin and XRP, two of the most traded cryptocurrencies in South Korea, briefly plummeted by up to 30% against the Korean won on local exchanges like Upbit, with Bitcoin dropping from $96,000 to $63,000 in U.S. dollar terms before recovering.

- Amid the volatility, UpBit and bithumb official issued notices warning users about delays in site feeds and performance due to the surge in activity. Check out the Blockchain DXB episode for today, we share our commentary on this

🔴Coinbase has integrated Apple Pay into its Onramp service, allowing users of crypto apps to quickly convert fiat to cryptocurrencies like Bitcoin and Dogecoin using their Apple Pay Wallets. The feature also supports free on-ramping and off ramping via the USDC stablecoin. This update streamlines wallet funding, reducing transaction times to seconds. Users can fund their wallets using one of the most widely used payment methods in the US & this can be done in seconds instead of minutes. More info by Nemil Dalal, here https://shorturl.at/E4lW2

💰 Franklin Templeton’s tokenized funds, the Franklin Bitcoin ETF (EZBC) and Franklin OnChain US Government Money Fund (FOBXX), now have a blockchain-based verification system via Jiritsu on the Avalanche network. This system allows asset managers to issue retail-accessible tokens backed by fund shares, ensuring tokens are properly backed using multiparty computation (MPC) for validation.

- Retail investors will soon be able to access these tokens after KYC verification, enabling easier participation in decentralized finance (DeFi) without converting between assets. These blockchain tokens, offering frictionless transfers and yield potential, are expected to be available by the year’s end. The move mirrors similar efforts by BlackRock and Ondo Finance to tokenize financial assets, expanding investment options within the crypto ecosystem.

💯 Go Woke- Go Broke

- Nike's NFT Sneaker company RTFKT Is shutting down due to declining interest and falling prices for its Ethereum-based collections like Clone X. Acquired by Nike in 2021 to boost its digital transformation, RTFKT faced setbacks amid broader NFT market disinterest. Nike will continue its Web3 presence with its . Swoosh platform, while RTFKT plans a final project, MNLTH X, this month. Clone X NFTs, once valued at $63,000, now trade for under $1,000. Decrypt https://shorturl.at/McuNc

💰 Two UAE news (See news)

💰 Solartrip - Travel Loyalty Solutions Launches in Dubai, Revolutionizing New Travel in the UAE with AI-Powered Solutions and Cryptocurrency Payments