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OKX Ventures Announces Investment in DLC.Link, the First Native Bitcoin DeFi Protocol

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SINGAPORE, March 14, 2024 /PRNewswire/ — OKX Ventures, the investment arm of OKX, the world’s leading cryptocurrency exchange and Web3 technology company, is proud to announce its investment in DLC.Link, the first native Bitcoin cross-chain protocol that leverages Discreet Log Contracts (DLCs) to enable Bitcoin to be used in DeFi protocols while being held in self-custody wallets.

DLC.Link is a groundbreaking project that aims to bring the power and innovation of DeFi to the Bitcoin ecosystem without compromising on security, decentralization or user experience. DLC.Link partners with institutions (called “dlcBTC Merchants”)  to mint dlcBTC, a decentralized wrapped Bitcoin. Unlike other forms of wrapped Bitcoin, dlcBTC does not require Bitcoin deposits to be held with a custodian or bridged to a separate blockchain.

To mint dlcBTC, Bitcoin depositors “self-wrap” by locking their collateral into a DLC which can only pay out to the original depositor. Thus, dlcBTC provides a “theft-proof” protocol, in that Bitcoin deposits cannot be lost through hacks, theft or fraud. Furthermore, since only the original depositor can retrieve funds, dlcBTC is more resistant to censorship than current forms of wrapped Bitcoin.

Unlike Bitcoin L2s or sidechains, which require additional modifications to Bitcoin, support for DLCs was added in Bitcoin’s Taproot upgrade. This means that DLCs can leverage the security, liquidity and network effects of Bitcoin, while bridging to DeFi protocols on Ethereum without requiring separate validator nodes. Instead, DLC.Link provides a network of DLC Attestors running Ethereum validators, provided by popular node operators such as OKX, HashKey Cloud, Republic, P2P, Dextrac and others.

Aki Balogh, co-founder of DLC.Link, said: “wBTC has reached Top 15 token status, despite its centralized custody model. In contrast, dlcBTC is the only wrapped Bitcoin that is minted from self-custody. DLCs, which were added to Bitcoin in 2021, enable a theft-proof wrapping mechanism without the need to introduce a bridge or L2 chain. dlcBTC will boost the adoption of Bitcoin in DeFi and has the potential to become a Top 10 token.”

Dora Yue, founder of OKX Ventures, said: “DLC.Link is a pioneering project aimed at bringing the power and innovation of DeFi to the Bitcoin ecosystem, without compromising security, decentralization, or user experience. We are pleased to support the vision and mission of DLC.Link. OKX Ventures believes that DLC.Link will unlock more value and potential within Bitcoin, and create a more open, inclusive, and decentralized financial system.”

To learn more about DLC.Link, click here.

For further information, please contact:
[email protected] 

About OKX Ventures
OKX Ventures is the investment arm of leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.

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Find out more about OKX Ventures here.

Disclaimer

About DLC.Link

DLC.Link harnesses the power of Discreet Log Contracts (DLCs) to establish a trustless bridge between Bitcoin and Ethereum. This spring, DLC.Link will launch dlcBTC, enabling depositors to self-wrap their Bitcoin for DeFi on Ethereum while retaining full custody of their assets. This innovation transforms Bitcoin’s role in DeFi, empowering depositors to engage in trading, lending, and hedging while maintaining self-sovereignty.

For more details, visit www.dlc.link

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Nakheel partners with six renowned architecture firms to design 10 bespoke Beach Collection villas on Palm Jebel Ali

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DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Nakheel, a member of Dubai Holding Real Estate, has announced its collaboration with six locally and globally acclaimed architecture firms – WATG, SAOTA, Whitespace Architects, NAGA Architects, LOCI, and LW Design Group – to deliver a stunning 10 distinct architectural styles for the bespoke villas planned for the Beach Collection at Palm Jebel Ali.

Inspired by the island’s unique blend of oceanfront serenity, vibrant cityscape, and the colours and forms defining its landscape, the architects have crafted an exclusive collection of 10 homes that celebrates the iconic destination’s natural beauty and urban dynamism, delivering a collection of residences that seamlessly integrate indoor-outdoor living and infuse luxury into everyday living. From minimalist elegance to bold contemporary statements, the emphasis is on creating spaces that embrace natural light and take advantage of the scenic vistas to offer residents a sanctuary of tranquillity and exclusivity, aligned with Nakheel’s vision for Palm Jebel Ali.

Situated on prime beachfront locations, the five- and six-bedroom villas from the Beach Collection range from 7,300 sq ft to 8,500 sq ft, offering unparalleled privacy and exclusivity. Each villa boasts a unique and contemporary façade, meticulously designed to complement the coastal setting. Grand entryways with double-height volumes lead to expansive living spaces, where floor-to-ceiling windows showcase captivating views of the Arabian Gulf.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “With its breathtaking oceanfront views and ambitious vision, Palm Jebel Ali has inspired some of the world’s leading architectural minds to design bespoke masterpieces for The Beach Collection. These unique villas embody luxury, sophisticated design and a seamless connection with nature, a testament to the success of our collaboration, showcasing the individual brilliance of each architect while capturing the essence of this extraordinary destination. This collaboration brings to life our vision for exceptional homes that cater to inspired tastes and lifestyles.”

Palm Jebel Ali’s seven islands span 13.4 kilometres, feature 16 fronds and over 90 kilometres of beachfront, and it marks the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate, in line with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33.

Nakheel’s projects form an iconic portfolio that are pivotal to realising Dubai’s vision.

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Palm Jebel Ali villas 2

 

Palm Jebel Ali frond

 

 

 

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AUS announces President’s Scholarship for international students

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SHARJAH, UAE, Jan. 15, 2025 /PRNewswire/ — American University of Sharjah (AUS), invites outstanding international students to apply for the President’s Scholarship for Fall 2025. Open to applicants who have completed their secondary education outside the UAE, this scholarship provides talented students with the opportunity to join a dynamic academic community that fosters innovation, collaboration and leadership.

 

 

AUS is ranked among the top five universities in the UAE for its number of international students according to QS World University Rankings 2025 and third for its international student ratio in the Arab region according to QS Arab Region University Rankings 2024. With a campus that represents approximately 90 nationalities, AUS offers an inclusive and vibrant environment where diverse perspectives enrich academic and personal growth.

The scholarship covers full tuition and lab fees, on-campus housing, student medical insurance and a monthly stipend to support living expenses. Recipients also benefit from three annual round-trip tickets during their studies.

Dr. Tod Laursen, Chancellor of AUS, underscored the significance of the scholarship, stating: “The President’s Scholarship reflects our steadfast commitment to providing talented students from around the globe with access to an education that is both transformative and empowering.”

Students at AUS benefit from remarkable opportunities to engage in innovative research studies, thanks to the establishment of six cutting-edge research centers. These include the Artificial Intelligence, Smart Infrastructure and Robotics Research Center; the Materials Research Center; the Center for Entrepreneurship, Innovation and Sustainable Development; the Energy, Water and Sustainable Environment Research Center; the Center for Arab Studies and Islamic Civilizations; and the Advanced Biosciences and Bioengineering Research Center.

Located in Sharjah, the cultural capital of the UAE, AUS combines tradition with modernity on a campus that inspires exploration and discovery. AUS students are immersed in a thriving ecosystem of cultural heritage, entrepreneurship and technological advancement. The vibrant campus life offers opportunities for personal development and engagement through over 120 student-led organizations, including cultural clubs that celebrate global traditions, academic associations that drive professional excellence and interest-based clubs that cater to diverse passions and talents.

The President’s Scholarship is open for applications until Thursday, April 17, 2025, and renewable for students who continue to meet the scholarship’s requirements. Prospective applicants can visit apply.aus.edu to learn more about the eligibility criteria and submit their applications. To know more about the scholarships and grants offered by AUS, visit www.aus.edu/scholarship.

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elevendigits Ltd Launches Three Different Business Loan Comparison Websites

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LONDON, Jan. 15, 2025 /PRNewswire/ — elevendigits Ltd, a company at the forefront of financial technology and business funding solutions is thrilled to announce the launch of three business loan comparison websites tailored to the needs of entrepreneurs in the United Kingdom, the United States, and New Zealand: business-loan.uk, business-loans.com, and businessloan.nz. 

This strategic expansion effort reflects elevendigits’ commitment to simplifying the financial decision-making process for businesses across many different markets. By offering user-friendly platforms designed to make life easier, these websites provide transparent, accessible and efficient loan comparisons for companies of all sizes. 

Meeting the Needs of Global Entrepreneurs

These 3 new websites are tailored not only to the unique issues and regulations, but also to the opportunities within their respective markets: 

  • business-loan.uk: Designed specifically for the UK business landscape, it addresses the growing demand for tailored funding options, helping startups and SMEs navigate a competitive market. 
  • business-loans.com: Caters to the vast US business ecosystem. This platform matches entrepreneurs with a wide array of financing opportunities. This ensures they find the best fit for their growth ambitions. 
  • businessloan.nz: Focused on New Zealand’s entrepreneurial community. It seeks to simplify the access to funding solutions for businesses that prioritize agility and innovation. 

Streamlined Access to Business Financing

The platforms provide comprehensive loan comparison tools that let business owners evaluate multiple funding options based on several categories such as interest rates, repayment terms, eligibility requirements and lender reputation. Each site features: 

  • Personalized Recommendations: Tailored loan matches which are based on your business profile and funding needs. 
  • Educational Resources: Guides, articles and tools to help business owners make informed decisions. 
  • Secure and Efficient Application Processes: A streamlined experience that lets you save time and reduces the complexity of securing funding. 

A Vision for Empowered Business Growth

“Access to the right financial tools can be transformative for businesses,” said the CEO of Elevendigits Ltd. “By launching these platforms, we’re ensuring that entrepreneurs in the UK, USA and New Zealand can confidently navigate their financing options and grow their businesses.” 

About Elevendigits Ltd

Elevendigits Ltd is a global leader in financial technology, dedicated to creating solutions that can form a connection between businesses and the financial institutions capable of funding them. With a strong eye for transparency and accessibility, Elevendigits continues to simplify the life of entrepreneurs worldwide. 

 

View original content:https://www.prnewswire.co.uk/news-releases/elevendigits-ltd-launches-three-different-business-loan-comparison-websites-302351681.html

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