11th March- Crypto & Coffee at 8
🟢 Ethereum Hardfork for quantum attack 🚨Grayscale, Coinbase + SEC discuss SPOT Ether ETF ❌ Binance to cease all Nigerian naira 💡 Massachusetts Institute of Technology + Harvard University Accelerator

🟢 Vitalik Buterin has published a post on “How to hard-fork to save most users’ funds in a quantum emergency”. He discusses what would happen if a “quantum emergency” happened as early as tomorrow. His post on Ethereum Research is here https://lnkd.in/dcTSS3By The blockchain would have to hard fork and users would have to download new wallet software, but few users would lose their funds. While the solution seems simple, check out Blockchain DXB Crypto & Coffee on the podcast, we explain it in detail and share our opinion on the potential crucial problems or errors that need consideration.

🚨 Grayscale and Coinbase recently met with U.S. Securities and Exchange Commission officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs). Five Key Points from the meeting are via the SEC official website here https://lnkd.in/dVBQq-89

• The Shares are properly categorized as commodity-based trust shares
• The Commission’s rationale in deciding to approve spot Bitcoin ETPs applies with equal or greater force for ETH
• Ethereum has mechanisms that significantly limit ETH’s susceptibility to fraud and manipulation
• Spot markets for ETH are highly indicative of a market resilient to fraud and manipulation
• As with Bitcoin, the Exchange’s comprehensive surveillance-sharing agreement with the CME will assist in surveilling for fraud and manipulation

❌ Binance discontinues NGN services in Nigeria due to regulatory issues, with NGN withdrawals ending after March 8 and balances converted to USDT. Regulatory scrutiny, including suspicions of illicit transactions, prompts action, with passports of Binance executives confiscated. Calls for bans on crypto platforms escalate despite Nigeria’s previous crypto growth, with the central bank already banning financial institutions from servicing exchanges two years ago. Official info here https://lnkd.in/dTP2Tqm8

💡 MIT and Harvard have launched the MIT x Harvard Blockchain Accelerator to support early-stage web3 founders associated with the institutions. The accelerator is a non-dilutive program focused on mentorship and does not make investments or offer grants. Founding mentors include individuals from NFT marketplace Blur, Ethereum Layer 2 Blast, Monad Labs, Manta, and Injective Labs, as well as members from crypto firms like a16z crypto, Avalanche, Dragonfly, Galaxy Digital, Nascent, and Polygon. MIT x Harvard accelerator’s first cohort. Info via The Block here https://lnkd.in/d2qzKwrX

🟠 Two UAE news- (See slides)
⚡ UAE’s RAK DAO and Tencent Cloud ink deal to boost crypto startups.
⚡ SDAIA | سدايا empowers over 1,900 women with Data and AI certifications

For slides click here https://tinyurl.com/mrxppsff

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