Binance, one of the world's largest cryptocurrency exchanges, and Abu Dhabi-backed investment group MGX announced a $2 billion investment in cryptocurrencies on Wednesday.

The Abu Dhabi Media Office also announced the deal in a statement on Wednesday, describing it as "the largest investment of its kind in the cryptocurrency sector."

This deal, which Binance described as its "first institutional investment," is among the largest investments in the cryptocurrency sector.

MGX was founded about a year ago. At the time, it said its goal was to "accelerate the development and adoption of artificial intelligence and advanced technologies" through partnerships.

Good luck to all of us, God willing.

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