Blockchain in Dubai! I plan to release an episode every day at 8 am GST. Episodes called Crypto & Coffee at 8 will cover news about Bitcoin, Blockchain Technology, Beyond Blockchain & Artificial Intelligence in Dubai & around the Middle East
Date: Thursday, 20th May
Time: 10:00 AM GST
Platform: Live via LinkedIn
Duration: Approximately 45 minutes to 1 hour
RA George from Blockchain DXB
Markose Chenthitta from Society X
SEC Drops Ethereum Investigation
Implications for Ethereum and other protocols
Potential impact on prices
Speculation on Solana, DogeCoin, and other Memecoins
Political Influences
Analysis on whether the SEC dropped the Ethereum investigation due to US elections
Ripple News
SEC offers settlement: Acceptance means Ripple is a security, rejection could lead to a $2B penalty
Central Bank Digital Currencies (CBDCs)
Updates from Ethiopia, Thailand, and Iran
De-dollarisation and the rise of the Petro Yuan
UAE and MCBDC developments
Potential usage of MCBDC by BRICS nations
Impact of CBDCs on the cryptocurrency market
Lack of mainstream news coverage on Petro Dollar issues
Cryptocurrency Market Trends
Effects of Saudi Arabia (KSA) not signing Petro Dollar agreements on crypto market downturn
Stablecoin usage increasing 16x over the last four years
Market remaining relatively flat post SEC Ethereum investigation news
Price surge due to Nvidia's rise to the No. 1 valuable company
AI tokens up by over 20% since the announcement
Philosophical Discussion
Potential effects of AI on blockchain technology
The role of AI in defining ethical standards
UAE News
BiOasis license acquisition in Bahrain and restarting operations in Dubai
Laser Digital (Nomura) receiving a broker license from ADGM
Integration of traditional and digital assets
Markose Podcast developments
Upcoming event on 6th July: "How to Start Podcasting"
Invitation for new speakers to join the next session
Join RA George and Markose Chenthitta for an in-depth discussion on these current and crucial topics in the blockchain and cryptocurrency space. Don't miss out on the latest insights and updates!
Tune in live via for our LinkedIn everyThursday at 10:00 AM GST.
20th June: Crypto & Coffee at 8
đ˘ SEC drops investigation into Ethereum đ German Government Moves $425M Bitcoin đŚ Bank of ThailandâââDe-Dollarization by CBDC đŚIran to launch CBDC â
đ˘ Consensys mentioned via Twitter (X) that the Enforcement Division of the U.S. Securities and Exchange Commission has notified them that it is closing its investigation into Ethereum 2.0. This means that the SEC will not bring charges alleging that sales of ETH are securities transactions. Tweet here https://lnkd.in/dqDEpVbg
â The decision follows a letter Consensys sent on June 7, asking the SEC to confirm that the May ETH ETF approvals, which were premised on ETH being a commodity, meant the agency would close its Ethereum 2.0 investigation.
⥠German Government Agency has transferred $425M in Bitcoin, some are to Crypto Exchanges Arkham previously identified the address as belonging to the German Federal Criminal Police Office (BKA), which had seized nearly 50,000 BTC from a piracy site. Transactional data shows deposits worth $32 million each to Kraken Digital Asset Exchange and Bitstamp, which may indicate intentions to sell.
âĄ6,500 BTC to the address here https://lnkd.in/d3kEsM9A and then back to itself. The power of publicly verifying transactions. With FIAT & CBDC it is impossible for the average person to verify transactions! Arkham CEO Miguel More told CoinDesk over Telegram Messenger info here https://lnkd.in/dBTNF9nm
đľ The Bank of Thailand is increasing its gold reserves to support a de-dollarized trading system using the Mbridge CBDC project. Analyst Jan Nieuwenhuijs suggests this move addresses trade imbalances and follows Chinaâs gold-buying trend. The recent cooperation between China and Thailand aims to facilitate non-dollar trading and promote de-dollarization. Info via Bitcoin.com here https://lnkd.in/dihpdt28
- How is this connected to Petro Dollar?
đ¨ IranâââCBDC
- Iranâs central bank has launched a pilot scheme for its digital currency, the digital rial, starting June 21 on Kish Island. The island, situated in the Persian Gulf and known for its free trade zone status, will allow banking customers and tourists to use the digital rial. Kish Island attracts millions of visitors annually and does not require visas for tourists from various countries. Official info here https://lnkd.in/d2CZxTuD
đ Two UAE news (See slides)
⥠BitOasis Announces Expansion in GCC With New License and Office in Bahrain
⥠DUBAI FUTURE FOUNDATION, Meta launch incubator program powered by LLAMA 3
For slides click here: https://tinyurl.com/mr3j5xmd
LinkedIn Profile: https://tinyurl.com/bdeevbru
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Episode Summary
In this episode, we dive deep into the world of Decentralized Exchanges (DEXs), a crucial component of the cryptocurrency ecosystem. We explore the fundamental aspects of DEXs, including their key features, types, and the challenges they face. Additionally, we discuss how AI can enhance the functionality and user experience of DEXs, making them more efficient, secure, and user-friendly. Whether you're a seasoned crypto trader or new to the world of decentralized finance (DeFi), this episode provides valuable insights into the evolving landscape of DEXs.
Comparison with centralized exchanges (CEXs).
Key Features of DEXs
Distributed infrastructure
Anonymity and Privacy
Privacy-focused protocols
Security
Smart contract security
Transparency
Open source
Accessibility
Permissionless trading
Types of DEXs
Examples: IDEX, Serum
Automated Market Makers (AMMs)
Examples: Uniswap, SushiSwap, Balancer
Decentralized Exchange Aggregators
Examples: 1inch, Paraswap
Challenges and Drawbacks of DEXs
Limited asset availability
Ways to Improve User Experience in DEXs
Integration with other DeFi services
Using AI to Enhance User Experience in DEXs
Content customization
Vulnerabilities in DEXs and Mitigation Strategies
Flash loan attacks
The Future of DEXs and AI Integration
Stay tuned for more episodes on decentralized finance, cryptocurrency, and the future of digital trading by Blockchain DXB
19th June: Crypto & Coffee at 8
âď¸Holy Tokens by Vaticano đľBiden administration- Bitcoin Round Table đ China invests in hashtag#BTC mining rigs âZimbabwe Develops Crypto Framework â Ethiopia CBDC framework
âď¸ The Vatican Library has launched an innovative initiative aimed at safeguarding its manuscript collection by offering NFTs as incentives to donors and social media participants. Official info here https://lnkd.in/d5B_gzuD The Vatican Library is tapping NFTs to fortify its online following, bringing new meaning to the term âsoulbound tokenâ for users in Italy. They announced a partnership with NTT DATA Italia to distribute NFTs to supporters of its manuscript collection.
Users in Italy can participate by sharing the âWeb3 Support Projectâ on social media until July 16 to receive a Silver NFT, granting access to 15 manuscripts.
đľ Bitcoin and blockchain roundtable in Washington D.C
â Extreme Left-Wing Biden U.S. Congressman Ro Khanna, representing Californiaâs 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khannaâs Office, seen by Bitcoin Magazine. More info here https://lnkd.in/dgJNMen2 Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts we share our commentary.
â Chinese telecom provider Coolpad plans to invest $13.5 million in Bitcoin mining rigs for North America. They intend to acquire 2,700 Bitcoin mining servers from Hong Kong-based JingYun Intelligent Technology, though the manufacturer of the servers was not specified. This investment will boost Coolpadâs current computing power from 873,000 TH/s to approximately 1,504,800 TH/s.
đ¤ Zimbabweâs SEC and RBZ are developing a framework for virtual asset trading to ensure clear legislation and client protection. Despite challenges like investment and licensing fees, the regulation aims to legitimize the current insecure informal ecosystem. This move, supported by Chengetedzai Depository Company (CDC), could foster significant growth in the digital assets industry.Info via Bitcoin.com https://lnkd.in/ddWbP9sW
đ¤ National Bank of Ethiopia (NBE) is introducing a legal framework for a central bank digital currency (CBDC) and a regulatory sandbox as part of economic reforms. These reforms, approved by the Council of Ministers, aim to boost NBEâs capital, enhance consumer protection, and liberalize foreign banking investment. The initiatives will soon be reviewed by the House of Representatives.
đ Two UAE news
⥠The UAE AIâs Office and Rittal sign an MOU to enhance the digital infrastructure and Pioneer the Future
⥠SDAIA | سداŮا develops âSmart Mocâ operations centre using AI to serve pilgrims
For slides click here: https://tinyurl.com/yhvauxdb
LinkedIn Profile: https://tinyurl.com/bdeevbru
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⥠Ledger Wallet đ
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To show your support see below
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
18th June: Crypto & Coffee at 8
đ°Tether debuts âSynthetic â $$$ đŚTwitter (X) to Debut âFinancial Ecosystemâ in US đŚEl SalvadorâââBank for Bitcoin Investors đ Australia approves a Spot Bitcoin ETF
đ´ Tether.io announces the launch of Alloy by Tether: A new digital asset backed by Tether Gold Official info here https://lnkd.in/d-dqYzav It is developed by Moon Gold NA and Moon Gold El Salvador, it combines the stability of a stable currency with the reliability of gold. The first token, aUSDâŽ, tracks the value of the US dollar and is over-collateralized with Tether Gold stored in Switzerland. Users can mint aUSD⎠using Tether Gold as collateral through transparent smart contracts on the Ethereum Mainnet. Alloy by Tether offers a secure digital currency for transactions and asset management, with plans for further integration into digital asset platforms. Check out Blockchain DXB âs Crypto & Coffee at 8 podcasts we give in-depth information on this. We also give our commentary on the global market
đľ Linda Yaccarino CEO of X (Twitter) told The Female Quotient that a payments functionality is a fast-approaching feature on Monday. She said she said will transform the way millions of users engage with each other on the platform also known as X. X has made progress on payments when it obtained three money transmitter licenses last July. Info via Decrypt here https://lnkd.in/d_87f_Qr
-Will they use Dogecoin?
- Will they use Bitcoin using Lightning Network?
đ President Bukele proposes a Bitcoin bank for El Salvador two weeks after starting the second term. If approved, it would offer Bitcoin investors broader financial services than conventional banks. More info via DL News here https://lnkd.in/dMPtM3hc
Salvadoran Ambassador to the US Milena Mayorga wrote in a post on X. âAs part of our economic plan for El Salvador, we propose a BPI, Bank for Private Investment, where we can diversify the financing options offered to potential investors in dollars and Bitcoin,â
đ The Australian Securities Exchange (ASX), which represents 90% of Australiaâs equity market, has approved its first spot-bitcoin (BTC) exchange-traded fund (ETF), as announced in a blog post by the issuer VanEck. The blog here https://lnkd.in/dkWHtQvn also states It will be launching on the 20th of June & the VanEck Bitcoin ETF will be the lowest-cost bitcoin ETF in Australia. Intresting article by Jamie Hannah Deputy Head of Investments & Capital Markets, VanEck that explains âBTC & ETFâââWhy it worksâ is a good read here https://lnkd.in/dAWNiQqy We also recommend reading an article by Blockchain DXB âWhy Spot Bitcoin ETF approval sucks ballsâ here https://lnkd.in/d9ey3KKr
đ Two UAE news (See slides)
⥠Aspen Digital has obtained in-principle approval (IPA) from the Financial Services Regulatory Authority to conduct activities within ADGM
⥠Pillars of Open Blockchainââârevisited by Blockchain DXB
For slides click here: https://tinyurl.com/rpkv7h3v
LinkedIn Profile: https://tinyurl.com/bdeevbru
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⥠Ledger Wallet đ
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
17th June: Crypto & Coffee at 8
đ¨SEC vs Ripple $102.6 M settlement offer đ¨Riot Platforms, Inc. V/S Bitfarms đ MicroStrategy to buy more hashtag#BTC đŽđťââď¸Owners of Darknet- âEmpire Marketâ charges
đ¨SEC vs RippleâââUpdate
- The U.S. Securities and Exchange Commission sought a hefty $2 Billion penalty from Ripple. However, this has been lowered to $102.6 Million s just a day after Ripple filed a legal brief arguing that the original $2 Billion penalty was unreasonable.
â A legal document shared by defence lawyer James Filan via Twitter (Now X) revealed a substantial reduction in the SECâs proposed settlement amount for Ripple. Info here https://lnkd.in/dTBd5Gcu
â Ripple argued that the SEC typically seeks penalties between 0.6% and 1.8% of the defendantâs revenue in such cases, and proposed a settlement of only $10 Million. The SEC, however, rejected Rippleâs comparison, claiming it was irrelevant to their case.
đ Important to note
- Accepting the $102.6 million settlement wouldnât clarify XRPâs legal status, leaving ambiguity for Ripple.
- Rejecting the settlement could lead to a lengthy court battle with an uncertain outcome and a potentially harsher penalty.
đ¨ Riot Platforms đ Bitfarms:
The corporate battle between crypto miners Riot Platforms and Bitfarms has escalated. On June 11, Riot increased its stake in Bitfarms to 13.1% by acquiring six million shares worth over $111 million. This move followed Bitfarmsâ suggestion of a âpoison pillâ defense to prevent Riot from reaching a 15% stake. Riotâs earlier acquisition proposal was rejected by Bitfarms. Internal issues at Bitfarms, including the firing and subsequent lawsuit from former CEO Geoffrey Morphy, add to the ongoing dispute.
đ MicroStrategy, co-founded by Michael Saylor, plans to raise up to $786 million through the issuance of unsecured senior convertible notes. The funds will be used to buy more Bitcoin and for general corporate purposes. MicroStrategy currently holds 214,400 BTC, making it the largest institutional holder of the cryptocurrency. They plan to issue $500 million worth of unsecured senior convertible notes to buy up more BTC and further increase its record holding, the firm upsized that offering today to $700 million. Info via Decrypt here https://lnkd.in/d2PwTCzG
đ Owners of âEmpire Marketâ Charged in Chicago With Operating $430 Million Dark Web Marketplace Official info via U.S. Department of Justice here https://lnkd.in/d6Ex3tpf Thomas Pavey and Raheim Hamilton have been charged in Chicago for operating âEmpire Market,â a dark web marketplace that facilitated over $430 million in illegal transactions using cryptocurrency between 2018 and 2020. They face charges of drug trafficking, fraud, counterfeiting, and money laundering, with potential life sentences. The investigation seized $75 million in cryptocurrency, cash, and precious metals. Both are in custody and presumed innocent until proven guilty.
⥠Two UAE news (See slides)
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse 25th July
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 1st August
For slides click here: https://tinyurl.com/wnbywunu
LinkedIn Profile: https://tinyurl.com/bdeevbru
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⥠Ledger Wallet đ
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⥠https://startupoi.com/ ⥠Download the App⥠The Race Space Podcast
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To show your support see below
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
13th June: Crypto & Coffee at 8
đ Bidenflation 3.3%+ FOMC Intrest Unchained = Crypto đTerraform to pay $4.47B to SEC đŁ Circle + Solana Smart Wallet âChinese President praises blockchain execâ
đ The Consumer Price Index for All Urban Consumers was unchanged, seasonally adjusted, and rose 3.3 per cent over the last 12 months, not seasonally adjusted. Official info for Inflation via the Bureau of Labor Statistics here https://lnkd.in/dWGTExRs
đĽ Federal Reserve Board chair Jerome Powell and his team have decided to keep the interest rate unchained at 5.25%âââ5.50%. This could further pump the price in the coming days. We strongly recommend watching Jerome Powellâs video giving his reasoning via YouTube here https://lnkd.in/dRJPAB3K
đď¸ Check out the Blockchain DXB podcast we share our commentary on this
đ° 4$B Fine
- Terraform Labs will pay the SEC $4.47 billion in a settlement for the Terra ecosystem collapse, which caused $40 billion in investor losses. The settlement includes fines and penalties, with former CEO Do Kwon personally liable for $204 million. He must transfer $4.7 million into escrow and liquidate crypto assets to cover these costs. The U.S. Securities and Exchange Commission lawsuit accused Terraform and Kwon of selling unregistered securities and fraud. The collapse of TerraUSD in 2022 led to significant losses. Kwonâs extradition is still undecided, with Montenegro courts deliberating between South Korea and the U.S. Official info https://lnkd.in/d_8V-5NN
đ¤đť Circle + Solana
- Circle has expanded its Web3 Services to support the Solana blockchain, offering Programmable Wallets and Gas Station to simplify secure wallet integration for developers. This aims to enhance Solanaâs growing ecosystem by making on-chain app development easier. Future updates will include support for NFTs and smart contracts. Circleâs ongoing support for Solana includes native USDC and EURC and aligns with its mission to facilitate global value exchange. Official info here https://lnkd.in/dFugEFvJ
đđť Solana has tweeted so easily that even an Intern can use it!
đľ Chinese President Xi Jinping sent an open letter that praised Andrew Chi-Chih Yao of Conflux and Tsinghua University for his contributions to education and innovation. Xi encouraged Yao to continue advancing talent and technology. Conflux, a blockchain supported by the Shanghai government, is the only regulatory-compliant public blockchain in China and leads a new infrastructure for the Belt and Road Initiative. Despite Chinaâs crypto ban, Confluxâs token trades at $0.1947 with a market cap of $975 million. Letter here https://lnkd.in/dzng7HEn
đ Two UAE/ME news
⥠Saudi Arabia to integrate AI across the healthcare sector by 2030
⥠AI in Dubai schools: Sheikh Hamdan unveils plans to make teachers future-ready
For slides click here: https://tinyurl.com/n2s7hnvz
LinkedIn Profile: https://tinyurl.com/bdeevbru
To support this channel:
⥠Advanced Media ⥠â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â https://www.amt.tv/â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â
⥠Ledger Wallet đ
â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â https://shop.ledger.com?r=ae54df359c4dâ â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â
⥠https://startupoi.com/ ⥠Download the App⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @black_incarnation
Show Notes for Blockchain DXB + Society X Live Podcast
Date: Thursday, 13th June
Time: 10:00 AM GST
Duration: Approximately 45 minutes to 1 hour
Platform: LinkedIn Live
RA George from Blockchain DXB
Markose Chentittha from Society X
Double Whammy: Bidenflation and Inflation at 3.3%
Analysis of the recent Consumer Price Index (CPI) report
Discussion on inflation rates: Slightly lower but still elevated
Impact on Crypto:
Market reaction with crypto prices rising
The role of the Federal Open Market Committee (FOMC) and its influence on the crypto market
Press Conference Highlights:
Inflation trends over the past two years
Ongoing geopolitical issues:
Russia vs. Ukraine conflict
Israel vs. Palestine tensions
Focus on efforts to reduce interest rates
Discussion on Bidenomics and its implications for the economy and crypto
Is Bitcoin & Crypto Inflation Resistant?
Examination of Bitcoin and other cryptocurrencies as hedges against inflation
Emerging trends in smart wallets:
Coinbase and Circle launching smart wallets for the Solana blockchain
Assessment of any potential compromises
Emphasis on user experience improvements
Grants and Funding in the Crypto Space:
Arbitrum's $237 million gaming proposal and community reactions
Polygon's $720 million funding initiative:
Two grant tracks: General Grant Track and Consumer Crypto Track
Application period from June 11 to August 31
Market Updates:
Anticipation for Ethereum ETF trading to commence
Shift from DEX (Decentralized Exchanges) to CEX (Centralized Exchanges):
A positive daily increase of 24%
Stablecoins:
Comparison of market cap vs. 24-hour volume
Key metrics to monitor
LinkedIn Observations:
Rising trend of AI and Blockchain news on LinkedIn
Highlights from Erich Vorhees' episode with "What Bitcoin Did"
Insights from Talal Tabba, CEO of Rain, on AI and Bitcoin as a medium of payment
Society X Update:
Markose Podcast developments
Announcements and future plans
Blockchain DXB Update:
Celebration of the 500th episode published on 6th July
Tips on "How to Start a Podcast"
Thank you for joining us! Don't forget to subscribe to our podcast and follow us on LinkedIn for the latest updates and episodes.
12th June: Crypto & Coffee at 8
đCPI & FOMC both todayđ SushiSwapâs new business model đ¨Uwulend Exploited for $20 Million đ¨ Polygon- $720M blockchain grants âĄAustralian MP on Blockchain tech !
đ Bidenflation (Consumer Price Index) & FOMC meeting by Federal Reserve Board are both schedule to take place today in the USA. How will this impact the price of #BTC & Rest of the crypto market? Check out Blockchain DXB podcast we share more information on this & more
đ¤ SushiSwap is now managed by Sushi Labs, an autonomous company that will operate under a council structure similar to Synthetix.
On June 11 SushiSwap launches Sushi Labs, combining a DAO with council governance to improve decision-making. Despite debates on centralization, the model aims to engage the community in governance through council elections. The protocol adapts to financial challenges with revised tokenomics, targeting liquidity issues and enhancing rewards for token holders. Info here https://lnkd.in/dREQkF3E
đ˘ Uwulend, an Ethereum-based lending protocol, was exploited for $20 million through three transactions converting Wrapped Bitcoin and DAI into Ether. The attack was detected by Cyvers Alerts early Monday. Uwulend has paused operations to investigate. The attackerâs wallet currently holds 1,282 ETH ($4.7 million), and the UWU token fell 3% to $2.91, continuing its 80% decline over the past year. The exploit stemmed from a price oracle issue across five tokens, manipulated through Tornado Cash. Uwulend, created by controversial QuadrigaX co-founder Sifu, has seen its total value locked drop to $66 million from a $115 million peak in April. More info via The Defiant here https://lnkd.in/d5rYxQsA
đŁ Polygon has launched a $720 million Community Treasury dedicated to supporting blockchain projects over the next 10 years. The CGP offers two tracks: the General Grant Track for all projects and the Consumer Crypto Track for everyday blockchain applications. Applications are open from June 11 to August 31. Ajit Tripathi said this to Cointelegraph more info here https://lnkd.in/dyKRfZzh
đ¨ Australian MP Andrew Charlton stressed the need for blockchain technology to boost Australiaâs economy by $60 billion and counteract slow productivity growth. At Australiaâs Blockchain Week 2024, he noted productivity growth has declined from 2.1% in the 2000s to 0.9% in late 2023. Charlton highlighted blockchainâs potential to enhance various sectors and criticized the slow progress in digital asset regulation. He urged for a regulatory framework and tech skills development to attract digital asset startups, aiming to position Australia as a leader in digital asset innovation. Info via Cointelegraph https://lnkd.in/dqWQpVxn
đ Two UAE news
⥠ADGM and the Bermuda Monetary Authority Sign a Digital Assets Memorandum of Understanding
⥠How to Start a Podcast on the 09th of July register via Eventbrite here https://lnkd.in/dVswDUF3
For slides click here: https://tinyurl.com/5xwvuna9
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11th June: Crypto & Coffee at 8
đťCryptoâââDo you bleed? đ´Trump is the best choice for Bitcoin đľRipple + National Bank of Georgia đŁSolana Whales vs Solana Validators Drama đą OKXs 2 users hacked
đĽśGlobal crypto market is down & The U.S.-listed spot BTC ETFs registered a cumulative outflow of over $64 million on Monday. See slides 1& 2 for a global crypto snapshot!
đŻ Letâs Go Brandon!
- Brian Morgenstern has written a great article on Bitcoin Magazine that talks Why Donald Trump is the best Presidential candidate to foster a safe and innovative environment for Bitcoin. Article via Bitcoin Magazine here https://lnkd.in/dpmn8nwB
Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our commentary on it
đ The article also states that President Trump will ban CBDC, protect self-custody, and stop out-of-control regulators from trying to put us out of business. Brian Morgenstern is the head of public policy for Riot Platforms. He previously served as deputy assistant secretary of the Treasury and White House deputy press secretary.
đŁ Ripple is partnering with the National Bank of Georgia (NBG) to digitize Georgiaâs economy, building on their previous collaboration on the digital lari, Georgiaâs pilot Central Bank Digital Currency (CBDC). Ripple executive James Wallis and EPAM Systems representative Alistair Brown met with Georgian officials to discuss enhancing financial technology and digitalization. Ripple, already involved in global CBDC projects in several countries, supports the development of CBDCs to facilitate asset tokenization, despite concerns about privacy and government surveillance. Info via LinkedIn post here https://lnkd.in/dEArRd22
đť Over 30 Solana validators were removed from the Solana Foundation Delegation Program for facilitating âsandwich attacksâ on traders. Despite Solana lacking a native mempool, private mempools emerged after Jito Labs disabled theirs to protect traders. The Solana Foundation targets 32 operators and plans further penalties, with ongoing enforcement against those involved.
đˇ OKX 2 Users Suffer Hack
- On June 9, 2024, SlowMist Team reported a hack on two OKX users involving an SMS breach. Attackers created new API keys for withdrawals and trading, indicating a coordinated cybercrime group. OKX acknowledged the incident and is investigating. This highlights the need for stronger security standards in the crypto industry
đ Two UAE news (See slides)
⥠Zandbank signs MoU with MANTRA
⥠Chief AI Officers appointed in 22 Dubai government entities
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10th June: Crypto & Coffee at 8
đĄ Kill Maker DaoâââRune Christensen đ Bitcoin with Zero Knowledge Proof? âArbitrum $237 Million Gaming Proposal đBinance Hits 200M users
đ¨ Rune Christensen on Remaking MakerDAO and Replacing DAI
In an interview, MakerDAO founder Rune Christensen discussed his Endgame proposal to overhaul MakerDAO and replace its stablecoin, DAI. Key points include:
-Endgame Proposal- Aims to launch new stablecoins, generate new revenue streams, and create âsubDAOsâ for business expansion.
Decentralization: Christensen differentiates between using decentralization as a tool for resilience versus an end goal.
Governance: He believes MakerDAOâs governance is currently under-engineered and needs a more transparent framework.
-VC Opposition: Some VCs opposed Endgame, but new investors who support the proposal have since bought MKR tokens.
Christensenâs Endgame proposal seeks to ensure MakerDAOâs long-term success and resilience through innovation and adaptation. Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts we share our thoughts and commentary on this
⥠StarkWare plans to explore Bitcoin scaling using zero-knowledge proofs (ZKPs) with the OP_CAT soft fork proposal, marking a significant milestone. Despite progress, generating ZKPs at scale remains computationally expensive and less battle-hardened than Bitcoinâs current cryptographic techniques. Rollups, which use off-chain sequencing to scale applications, still rely on central operators and face security issues. BitVM has further spurred ZKP research, but challenges like liquidity and security concerns persist. Details here https://lnkd.in/dWTb5Cfj
đ˘ The Arbitrum ecosystem is deliberating on a proposed $237 million program aimed at supporting gaming. However, the initiative faces significant opposition and demands for a repeal or re-vote. Critics are concerned about the substantial budget allocation, potential market repercussions, unclear legal structures, and high operational costs. Additionally, some voters have shifted their stance due to the increased earmarked funds and a perceived lack of transparency. While the proposal has backing from certain organizations, there are growing calls for a re-vote or repeal. https://lnkd.in/duE254f5
đ¨ Binance announced via Twitter (X) it had surpassed the 200 million user mark, solidifying its status as the largest crypto exchange in the world. With this milestone, no other exchange comes close to challenging its dominance. Bybit, the second-largest exchange, reports only 27 million users. https://lnkd.in/dQdkpfAE
đ Two UAE news
⥠Crystal Expands Presence in Dubai, Bringing Deeper Support and Market Compliance Capabilities for Virtual Asset Entities in the Region
⥠WISeKey SA and The Hashgraph Association Join Forces to Bring Secure IoT and DePIN Solutions to Saudi Arabia
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Today, we dive deep into blockchain and cryptocurrency, focusing on ICOs vs. STOs, asset tokenization, and key considerations for Central Bank Digital Currencies (CBDCs) and the danger of double spending.
Segment 1: ICOs vs. STOs
Purpose and Utility
ICOs: Raise capital via utility tokens for project access.
STOs: Issue security tokens with ownership rights, similar to traditional securities.
Regulatory Landscape
ICOs: Unregulated, high risk of fraud and lack of investor protection.
STOs: Comply with securities regulations, offering legal protections.
Investor Risks
ICOs: High risk due to project failures and scams.
STOs: Lower risk with regulatory compliance and transparency.
Market Dynamics
ICOs: Boomed in 2017, then declined due to regulation and skepticism.
STOs: Offer better liquidity and market access under regulated frameworks.
Segment 2: The Intricacies of Asset Tokenization
Asset Representation
Tokenize assets like real estate and artwork on a blockchain.
Tokens represent ownership or rights.
Fractional Ownership
Enables investment in fractions, making assets accessible to more investors.
Allows for portfolio diversification.
Liquidity
Blockchain platforms enable 24/7 trading, increasing liquidity.
Peer-to-peer transactions reduce costs.
Transparency and Security
Blockchain provides immutable transaction records.
Smart contracts automate processes and build trust.
Compliance and Regulation
Interoperability
Emerging Use Cases
Segment 3: Tokenization in the Context of CBDCs
Asset Tokenization
Interoperability and Standards
Smart Contracts and Programmability
Privacy and Confidentiality
Regulatory Considerations
Technological Challenges
Segment 4: Double Spending in Tokenized CBDCs
Double Spending Risk
Tokenization and Double Spending
Security Measures
Implement cryptographic techniques and consensus mechanisms.
Ensure integrity with digital signatures and timestamping.
Real-Time Transaction Verification
Regulatory Oversight
Conclusion:
Tokenization and blockchain technology offer transformative potential. Understanding ICOs vs. STOs, asset tokenization, and CBDCs is crucial for navigating the evolving digital landscape. Stay tuned for more episodes on blockchain and digital finance's latest trends and innovations.
06th June: Crypto & Coffee at 8.
đĄ Paxos Launches Regulated Stablecoin, đ¨ Coinbase Introduces Smart Wallet đś Bitcoin-based DOG memecoin đ Centralized crypto exchange volume
đĄ(USDL)âââStablecoin that generates yield
- Paxos has launched a new stablecoin called the Lift Dollar (USDL), issued by its UAE division and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market. USDL is designed to generate a programmatic daily yield of around 5%, similar to the returns on U.S. Treasury bonds. Like other Paxos stablecoins, USDL is backed 1:1 with dollars and short-term U.S. government securities, ensuring asset safety and regulatory oversight.
đĄImportant to note Paxos USDL will not be available in the U.S. because of a lack of regulatory guidance. but will focus on the Argentine market through partners Ripio, Buenbit, and TiendaCrypto. For the launch, Paxos is reducing its asset management fee to 20 basis points, allowing users to receive a yield of more than 5%. Info via CoinDesk https://lnkd.in/dCKnNMwP
đ¨ Coinbase has launched its Smart Wallet, designed to simplify the onboarding process for new users in the DeFi space. The wallet allows users to create a free, secure, self-custody wallet in seconds and seamlessly use their Coinbase balances. It also addresses challenges such as slow and expensive transactions and the need to manage multiple wallets. Coinbaseâs new wallets aim to address challenges to the typical DeFi user experience, especially getting started. via Decrypt here https://lnkd.in/d-w_HGJg
đś The Bitcoin-based meme coin DOG, launched on the Runes protocol, is nearing a $1 billion market cap after a 200% rise in the past month. It is now the largest meme coin on Bitcoin and the seventh-largest overall. DOG, which debuted on April 20 during the bitcoin halving event, initially fell by 60% but has recently surged amid increased meme coin activity. The Runes protocol aims to improve transaction speed and cost on Bitcoin. DOG has seen nearly $100 million in trading volume in the past 24 hours, although meme coins remain highly volatile and driven by social media trends.
â According to the latest report by CCData, In May, the combined spot and derivatives trading volume on centralised exchanges fell 20.1% to $5.27tn, as major crypto assets including Bitcoin and Ethereum remained largely rangebound. Toward the end of the month, many assets experienced a sudden spike in volatility following the SECâs surprise approval of spot Ethereum ETF in the US. Report here https://lnkd.in/dFvfYifS
đ Two UAE news( See slides)
⥠Central Bank of the United Arab Emirates (CBUAE) completes the first real-value cross-border payment transactions âmBridgeâ in pilot wholesale CBDC project
⥠Dubai â AI Retreatâ to Convene 1,000 AI Experts, Business Leaders and Tech Giants
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05th June: Crypto & Coffee at 8
đ Thailand Approves First Bitcoin ETF đ˘ Dapper Labs Agrees to $4M Settlement đľDonations against âAnti-Crypto Candidatesâ đ´ CFTC Info
đ Thailand has approved its first Bitcoin ETF, the ONE Bitcoin ETF Fund of Funds Unhedged by One Asset Management (ONEAM), available from May 31 to June 6. Access is limited to wealthy and institutional investors. The ETF will invest in 11 global funds to ensure liquidity and security. This follows the Thai SECâs rule change allowing local firms to offer Bitcoin ETFs to a restricted investor base. ONEAMâs CEO advises allocating no more than 5% of portfolios to Bitcoin due to its high return potential and volatility. More info Bitcoin Magazine https://tinyurl.com/36xr99k2
đ˘ Dapper Labs has agreed to a $4 million settlement to end a class-action lawsuit alleging its NBA Top Shot NFTs were unregistered securities and that it restricted withdrawals to maintain value. Pending court approval, the settlement covers payments to investors and legal fees. Dapper Labs will also enhance compliance training and transaction speeds. CEO Roham Gharegozlou highlighted the need for clearer regulations distinguishing consumer NFTs from financial products, noting no regulators have classified NBA Top Shot NFTs as securities, and the SEC closed its investigation into the company. Info via CoinDesk https://tinyurl.com/mts7xnvu
đ´ âAnti-Crypto Candidatesâ
On May 22, the U.S. House of Representatives passed FIT 21, a regulatory framework for the crypto industry. On Friday, Biden vetoed the SAB 121 repeal, underscoring crypto-related tensions not just in national politics, but within his own party
đď¸ Check out the Blockchain DXB podcast we share our commentary on this. We also discuss Interoperability and some technical information in the Blockchain context.
đ CFTC Digital Asset Subcommittee
Aptos Labs Founder Mo S. Joins CFTC Digital Assets Subcommittee Alongside BlackRock, BNY Mellon Reps. The subcommittee is part of the larger Global Markets Advisory Committee and includes industry representatives from companies like BlackRock, BNY Mellon, and Uniswap Labs. The subcommittee advises the CFTC on rulemaking related to international trade and business. via DLNews https://tinyurl.com/59uan7hy
đ Two UAE news
⥠Qatar Central Bank Announces Launch of Digital Currency Project
⥠Saudi Central BankâââSAMA mulls blockchain use, says no to phasing out cash
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03rd June: Crypto & Coffee at 8
đ DMM Bitcoinâââ$305 million hack đľBiden Vetoes SAB 121 â Google and Magic LeapâââMetaverse đśď¸EstoniaâââMining Fraud
đ DMM Bitcoin, a Japanese crypto exchange, was hacked, losing 4,502.9 BTC ($305 million). The hacker split the stolen BTC into 10 wallets. DMM Bitcoin has taken measures to prevent further theft and promised to reimburse the full amount. All spot buys are temporarily restricted, and yen withdrawals may be delayed. This hack is the second-largest in Japan, following the 2018 Coincheck hack. Info via CoinDesk https://lnkd.in/d77w2JDi
â How will it impact the regulatory landscape for cryptocurrency exchanges in Japan and globally?
đľ SAB 121
- Biden has vetoed H.J.Res. 109, a resolution that aimed to disapprove the SECâs Staff Accounting Bulletin â121 (SAB 121). SAB 121 outlines the accounting obligations for firms safeguarding crypto-assets. The President stated that the resolution would improperly limit the SECâs ability to establish necessary regulations and address future issues, which could undermine consumer and investor protection. Biden emphasized the importance of appropriate regulations for the responsible development of digital assets and expressed a desire to work with Congress on a balanced regulatory framework for digital assets. Info via The White House here https://lnkd.in/d2FHEMsB
đď¸ Check out Blockchain DXB podcast we explain the impact this has on the Crypto Industry.
đ Magic Leap and Google have announced a strategic partnership to advance XR (Extended Reality) technologies. This collaboration will combine Magic Leapâs expertise in augmented reality (AR) optics and manufacturing with Googleâs technology platforms to develop new AR solutions and experiences. Key figures from both companies expressed enthusiasm about fostering the XR ecosystem and delivering innovative products. This partnership builds on a long-standing relationship between the two companies. via Cointelegraph here https://lnkd.in/dkHv6W-Q
đ´ Two Estonian nationals, Sergei Potapenko and Ivan TurĂľgin, have made their first court appearance after being arrested for their alleged involvement in a cryptocurrency fraud scheme. The Department of Justice claims that the defendants operated a fraudulent cryptocurrency mining service, HashFlare, and lured victims to purchase contracts worth over $550 million. The pair is also accused of raising $25 million through investments in a virtual currency bank that was never established. Info via Decrypt here https://lnkd.in/dQ8QWGcD
đ Two UAE news (See slides)
⥠Klickl Obtains Financial Services Permission in Abu Dhabi to Enhance Web3 Offerings for SMEs
⥠Saudi Arabiaâs Tuwaiq Academy | ŘŁŮادŮŮ
ŮŘŠ ءŮŮŮ Launches Metaverse Camps
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Podcast Show Notes: Blockchain DXB + Society X Live Discussion
Special Guest: Pekka Kelkka, Web3 advisor & educator
Date & Time: Thursday, 30th May at 10:00 am GST
Platform: Live via LinkedIn
Duration: Approximately 45 minutes to 1 hour
đĽ Discussion Points:
Approval status of Ethereum Spot ETF
Expected trading start date
S-1 filing timeline (weeks to 1 month)
Potential drop in Total Value Locked (TVL) after trading begins
Speculation on the next ETF approval (Solana, Dogecoin, Ripple)
đĽ Solana ETF: Potential for being the next approved ETF.
đĽ Dogecoin ETF: High likelihood of approval.
đĽ Ripple ETF: Lower chance of approval.
đĽ Consensys 2024:
Major partnership announcements (e.g., PayPal on Solana)
đĽ US Treasury: Current stance on banning crypto mixers.
đĽ DEX to CEX Movement:
Notable 28% shift this week.
Analysis of CEX platforms utilizing DEX.
đĽ Stablecoin Volume:
Trends and implications for the crypto market.
Stablecoins as a parking mechanism waiting for trading to begin.
đĽ Active Wallets & ATH:
Significant increase in active wallets.
Discussion on TVL fluctuations post-Ethereum trading.
đĽ Details:
$9B worth of Bitcoin on the move.
143,000 Bitcoins to enter the market on 31st October.
Impact on Bitcoin prices.
đĽ Defining Bitcoin:
Perspectives from Markose, George, and Pekka.
Evaluation of Spot Bitcoin ETF based on these definitions.
đĽ Michael Saylorâs Tweets:
Breakdown of Bitcoin holdings by ETF issuers:
Grayscale Investments Bitcoin Trust: 289,040 BTC
BlackRockâs iShares Bitcoin Trust: 287,168 BTC
Fidelity Investments Wise Origin Bitcoin Trust: 161,538 BTC
Ark 21Shares Bitcoin ETF: 48,444 BTC
Bitwise Bitcoin ETF: 36,185 BTC
Canadaâs Purpose Bitcoin ETF: 27,110 BTC
đĽ Debate Points:
Centralized vs. Distributed Metaverse.
Coverage of only three news items related to the Metaverse in 2024, with a focus on the UAE.
Stay tuned for an in-depth analysis and engaging discussion on the latest trends and developments in the blockchain and crypto world!
30th May: Crypto & Coffee at 8
đ¨ U.S. Treasury Isnât Trying to Ban Crypto Mixers đĄPayPal PYUSD is now on Solana đĄMastercard Launches âCrypto Credentialâ
đ¨Consensys 2024
⥠What is the difference between privacy and anonymity?
đ¨ The U.S. Department of the Treasury has also released Illicit Finance Risk Assessment of Non-Fungible Tokens https://tinyurl.com/34ubu4db
The U.S. Treasuryâs risk assessment highlights that NFTs are vulnerable to fraud, scams, and money laundering, though they are rarely used for terrorist financing. The assessment notes fluctuating NFT market trends and identifies regulatory gaps and cybersecurity issues. Current measures partially mitigate risks, and recommendations include enforcing regulations, raising awareness, and engaging with both the private sector and international partners to address these vulnerabilities.
đ° PayPal announced that its stablecoin, PayPal USD (PYUSD), is now available on the Solana blockchain, enhancing its speed and cost-effectiveness. Jose Fernandez da Ponte of PayPal emphasized that this move supports their goal of creating a stable digital currency for commerce. Sheraz Shere of the Solana Foundation highlighted that Solanaâs speed and scalability make it ideal for innovative, accessible payment solutions. The announcement was made at Consensys 2024 by CoinDesk
đŁ Mastercards Crypto Credential has gone live with its first peer-to-peer transactions! This solution not only replaces complex wallet addresses with user-friendly aliases but also makes sending #blockchain transactions secure, transparent and accessible.
đŞ Crypto Credentialâ service allows users to create a simple username to send and receive cryptocurrencies via exchanges like Bit2Me, Lirium, and Mercado Bitcoin in Brazil, Argentina, and France. This service has launched its first peer-to-peer transactions, simplifying wallet addresses and enhancing the security, transparency, and accessibility of blockchain transactions. Via Twitter (x) post here https://tinyurl.com/5mrj6jz9
đ Two UAE news (See slides)
âĄSaudi Ministry of Culture Launches 1st National Cultural Metaverse Platform in the World
âĄUAEâs MoIAT, EDB partners to launch AED370m of financing for AI Ministry of Industry & Advanced Technology | Ůزاع؊ اŮŘľŮاؚ؊ ŮاŮŘŞŮŮŮŮŮŘŹŮا اŮŮ ŘŞŮŘŻŮ ŘŠ Emirates Development Bank (EDB)
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29th May: Crypto & Coffee at 8
đ´Mt.Gox Transfers $9B đ¨BTC Bitcoin mining cost đ˘ Solana ETF next đĄSEC fined $1.8 million in fees
⥠Mt. Gox, the defunct Bitcoin exchange, transferred over 140,000 BTC (worth around $9 billion) to a single address in thirteen transactions, likely as part of repayment plans to creditors by October 31, 2024. This movement of nearly 107,000 BTC since early Tuesday caused Bitcoinâs price to drop by 1.4%, falling to $67,680. The market reacted bearishly, anticipating selling pressure. Despite the transfers, rehabilitation trustee Nobuaki Kobayashi assured that no sale of Bitcoin or Bitcoin Cash had occurred and that the assets were being securely managed.
⥠However, Bitcoin inflows to exchanges remain low. According to CryptoQuant, daily exchange inflows are at 25.9K BTC as of May 28, which is comparable to 2016 levels. An analyst believes that even if Mt. Gox creditors decide to sell, the market will be able to absorb the sell-off with only minor initial volatility, resulting in minimal price impact.
đ¨ How will the price react once Mt.Gox starts to add 140,000 Bitcoin to the market? More Supply = Less demand
Bitcoin Power Dynamics:
đĄ In early 2024, U.S. Bitcoin miners spent $2.7 billion on electricity, using 20,822.62 GWh of power. This energy could charge all U.S. electric vehicles 87.52 times or power 1.98 million households for a year. U.S. miners produced 44,102 BTC, or 37.84% of the global total of 116,550 BTC. Before the April halving, mining 1 BTC required 407,059.01 kWh ($52,144.26), but now it needs 862,635.55 kWh ($110,503.61). Info here https://lnkd.in/d7V6fUCN
đĄ The USA still produces 170.41 BTC per day, followed by China at 95.09 & Kazakhstan at 59.56
âźď¸Nikolaos Panigirtzoglou of J.P. Morgan doubts the SEC will approve ETFs for cryptocurrencies like Solana. He highlights the SECâs view that most cryptocurrencies are securities as a major obstacle, noting that even the approval of ETH ETFs is contentious due to classification uncertainties. Info via The Block https://lnkd.in/dMDhvdhH This could all change if U.S. policymakers pass legislation declaring most cryptocurrencies as non-securities. Maybe a Dogecoin ETF? or Ripple ETF
đ° A federal judge ordered the SEC to pay approximately $1.8 million in fees related to its civil case against Digital Licensing (Debt Box). This includes about $1 million for attorney fees and $750,000 for receiver fees. The order was issued on May 28 in the U.S. District Court for the District of Utah, alongside the dismissal of the case without prejudice. via Cointelegraph here https://lnkd.in/dmH-NRfP
đ¨ Two USA news
⥠UAE and France partner to advance global AI ecosystem
⥠Elon Muskâs xAI raises $6bn from investors including Saudi Arabiaâs Prince Alwaleed
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28th May: Crypto & Coffee at 8
đĄ#30 BTC ETFs own over BTC đ¨ OKX withdraws HK License application đ Argentina to learn El Salvador BTC Adoption đŚBank-to-wallet Telegram extension.
đ¨ Michael Saylor posted via Twitter (X) that 32 #Bitcoin Spot ETFs now hold 1 ~ Nakamoto of $BTC. Info here https://tinyurl.com/3fzs8rvk
Grayscale Investments Bitcoin Trust (289,040 BTC)
BlackRockâs iShares Bitcoin Trust (287,168 BTC)
Fidelity Investments Wise Origin Bitcoin Trust (161,538 BTC)
Ark 21Shares Bitcoin ETF (48,444 BTC),
Bitwise Bitcoin ETF (36,185 BTC)
Canadaâs Purpose Bitcoin ETF (27,110 BTC)
đĄBullish or gives Millionaires & Billionaires to acquire more bitcoin?
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our commentary on todayâs news. We also share information about Smart contracts on CBDC & more
đ Argentine officials from the CNV met with counterparts from El Salvadorâs CNAD to discuss Bitcoin regulation and adoption. They sought to learn from El Salvadorâs experience, highlighting the countryâs specific commission for digital assets. Both sides emphasized the importance of collaboration and strengthening ties. This follows a previous visit by Argentine officials to El Salvador for similar discussions. Info here https://tinyurl.com/mdt5zkuf
â Was El Savadorâs move a success story though?
đŚ OKX HK has decided to withdraw its VASP license application in Hong Kong and will cease centralized virtual asset trading services for Hong Kong residents by May 31, 2024. customers can withdraw assets until August 31, 2024, after which direct withdrawals or transfers will not be possible. The remaining balances after this date will be treated as unclaimed property according to OKXâs terms of use. Blog here https://tinyurl.com/4nwsafzf
đ´ Sphere Labs, a blockchain developer, introduces a bank-to-wallet Telegram Messenger extension, enabling users to transfer funds between bank accounts and wallets within the Telegram app. The service offers a 0.1% fee per transaction for early users and is set to launch fully later this year after initial testing starting the week of May 27. While users from non-sanctioned countries can utilize the extension, they need to link it with a USD or euro-denominated bank account.
âImportant to note, that Telegram boasts an impressive 800 million monthly active users, with more than 52 million people using the platform daily.
đ Two UAE news
⥠Dubai-based Metaverse company Everdome.io unveils its new digital theatre
⥠Saudi and South Korea discuss cooperation on AI and smart cities
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27th May: Crypto & Coffee at 8
đ´ President Trump on Crypto đŁ Uniswap Foundation Reveals Assets, đCrypto Mining News from Abu Dhabi đ˘ Ethereum Foundation to Eigen LayerâââWhatâs Going on
â Make Crypto Great Again
From Ethereum ETF approval via the Fit21 bill, Former President Donald Trumpâs impact can be seen in the crypto world. He has doubled down on his support for crypto. He stressed via Truth Social that the United States must lead the charge, arguing, âThere is no second place.â His newly launched crypto donation portal, accepts eight cryptocurrencies, including Bitcoin, Ethereum, Shiba Inu, Dogecoin, USDC, Ripple, and 1inch.
đŻ He has pledged to commute Silk Road founder Ross Ulbrichtâs life sentence to time served if heâs re-elected president. âIf you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,â Trump said during his Saturday night remarks at the Libertarian National Convention in Washington, D.C. âHeâs already served 11 years, weâre gonna get him home
đ´ Trump Coin đ
đŁ Uniswap Foundation mentioned via Twitter (X) Summary Q1â2024 Financials here https://tinyurl.com/yc647p7c As of March 31, 2024, the Uniswap Foundation had $41.41 million in USD and stablecoins for grants and operations, plus 0.73 million UNI for employee token awards. The foundation planned to use $25.77 million for grants in 2024â2025, $2.94 million for previously committed grants, and $12.7 million for operational expenses through the end of 2025.
đ´Crypto mining news from Abu Dhabi
đ˘ The Ethereum Foundation is implementing a conflict of interest policy after researchers Justin Drake and Dankrad Feist took paid advisory roles at EigenLayer, raising concerns about neutrality and transparency. The community had mixed reactions, with some praising transparency and others skeptical. Executive Director Aya Miyaguchi acknowledged the need for formal policies to maintain trust and impartiality in Ethereumâs development. Check out Blockchain DXB podcast we explain the drama in detail
đ Two UAE news (See slides)
⥠MANTRA Secures Strategic Investment from Nomuraâs Laser Digital to Accelerate RWA Tokenization Initiatives in the Middle East and Asia
⥠UAE and US to seal more AI deals, UAE minister says
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Podcast Shownotes: Blockchain DXB + Society X
Hosts:
RA George from Blockchain DXB
Markose Chentittha from Society X
Date & Time:
Thursday, 23rd May
10:00 AM (Live via LinkedIn)
Duration: Approximately 45 minutes to 1 hour
Episode Overview:
Join RA George and Markose Chentittha as they recap the most significant events and developments in the cryptocurrency and blockchain space over the past week. This episode covers a range of topics from regulatory news to market movements, political influences, and new technological advancements.
Topics Covered:
Ethereum Spot ETF + Bitcoin Halving
Insights into the anticipated Ethereum Spot ETF and the upcoming Bitcoin halving event.
Political Developments
Analysis of political moves influencing the crypto market:
Trumpâs pro-crypto stance.
Biden's evolving position on cryptocurrency, shifting towards a more pro-crypto approach.
Recent changes in the Democrats' stance within the past 24 hours.
Regulatory News
Whitehouse and SEC's rejection of the FIT21 Bill and its implications.
Upcoming bill aimed at defining âDecentralizationâ and what it means for the crypto industry.
ETF Filings and Approvals
Explanation of 19b-4 and S-1 filings.
Discussion on the likelihood of various ETFs being approved, including Doge ETF, Ripple ETF, Soland ETF, and Cardano ETF.
Market Highlights
Cryptocurrency price trends and market predictions.
Grayscale CEO's resignation and its potential impact.
Uniswapâs impressive trading volume reaching almost $4B.
Stablecoins and their 24-hour trading volume statistics.
PEPE reaching a new all-time high.
The shift from DEX to CEX following ETF news.
Stablecoins and MakerDAO
Introduction of two new stablecoins and their potential migration to Solana.
MakerDAOâs plans for their new stablecoin and its future on the Solana blockchain.
Geopolitical Influences
The significance of the Russia-Iran meeting on the 19th and the subsequent death of a president the next day.
How these events might affect the cryptocurrency market.
Regional News: UAE
Latest news from the UAE related to blockchain and cryptocurrency.
Highlighting the AI One Million Prompt Challenge announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, aligning with Dubaiâs Universal Blueprint for Artificial Intelligence.
Tune In:
Don't miss out on this comprehensive discussion and analysis of the weekâs most crucial crypto happenings. Join us live on LinkedIn to stay informed and engaged with the latest trends and news in the blockchain and cryptocurrency world.
Follow Us:
Subscribe and Share:
If you enjoyed this episode, be sure to subscribe to our podcast and share it with your network to keep the conversation going.
23rd May: Crypto & Coffee at 8
đ˘ Ethereum ETF decisionâââPolitical move? đľđ´The White House & SEC oppose crypto-focused legislation â#BTC & #ETH ETP listed on London Stock ExchangeđSEC fines ICE + more
đď¸23rd May! An Ethereum ETF decision will be made today by the U.S. Securities and Exchange Commission Will the approval be a political move to convince more voters from the swing state? BlackRock 19b-4 update is in.
đď¸ We discuss this & more in the Blockchain DXB episode today. We also explain 19b-4 for filing & S1 fillings We also explain Crypto Bill FIT21 by Rep Patrick MCHenry
đ˘ Important to note that issuers are hoping to launch spot ether ETFs and are making clear to the SEC that they would not stake ETH held by the funds. Proposed ether ETFs, including those by Fidelity Investments, Franklin Templeton, ARK Investment Management LLC, Invesco US, and VanEck, have clarified in filings that they would not stake the ETH held by the funds. This clarification comes ahead of the SECâs May 23 deadline to rule on an ether ETF proposal by VanEck.
đˇThe White House Opposes Crypto Bill FIT21
đˇ The White House + SEC Chair Gary Gensler oppose the crypto-focused legislation. Statement on the Financial Innovation and Technology for the 21st Century Act can be found here https://tinyurl.com/4hsk8kxy Gensler cited a January Chainalysis report to support his claim that âwidespread noncompliance [from crypto firms] has resulted in widespread fraud, bankruptcies, failures, and misconduct.â
â However, the analytics platform reported that revenue from illicit activities involving crypto was âdown bigâ in 2023.
đ WisdomTree has received approval from the Finance Conduct Authority UK to list crypto exchange-traded products (ETPs) on the LSE, making it one of the first applicants to receive such approval. The Physical Bitcoin and Physical Ethereum ETPs will be available to professional investors starting May 28, with fees of 35 basis points. The FCA had previously banned crypto derivatives products but adjusted its stance for professional investors.The listings follow the first approvals by FCA since it relaxed its stance on crypto ETPs, having banned them in 2020. Info via CoinDesk https://tinyurl.com/yc33vn8p
â SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion. Official info here https://tinyurl.com/5n96p4bt The SEC fined Intercontinental Exchange, Inc. (ICE) $10 million for not promptly reporting a cyber intrusion in April 2021, as required by Regulation SCI.
đ Two UAE news (See slides)
⥠Roads and Transport Authority & SmartCrowd Holding Ltd, Sign a memorandum to attract investments in non-fungible digital assets
⥠Dubai to lead the worldâs biggest AI prompt engineering training project
For slides click here: http://tiny.cc/olb7yz
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22nd May: Crypto & Coffee at 8
đ˘UpdatesâââEthereum ETF đ´Telegram Founder gets $6.8M Notcoin Central Bank of Brazil -crypto regulation in 2024â Bybit Reaches 30M users
đ˘ U.S. Securities and Exchange Commission asked Nasdaq, CBOE, and NYSE to update spot Ether ETF applications before a regulatory deadline. This could signal possible approval. ? Via Reuters https://lnkd.in/d9EtRbsA
đ˘ Bloomberg ETF analysts Eric Balchunas and James Seyffart, CFA, CAIA have noted âchatterâ that the United States Securities and Exchange Commission (SEC) is urging applicants to expedite their 19b-4 filings. Consequently, the analysts have increased their approval odds from 25% to 75%. He mentioned it via Twitter . Now (X) UPDATE: Grayscale Investments just filed an updated 19b-4 for their Ethereum Mini Trust. We should see a bunch of these come in today. The initial 19b-4 for Grayscales mini Ethereum trust. It may not be included in the first wave of potential approvals.
đ˘ Standard Chartered head of FX and digital assets research, Geoff Kendrick, said they are â80% to 90%â certain that the SEC will approve spot Ether ETFs later this week.
đ˘ Fidelity Investments has also reportedly amended its Ether ETF S-1 filing to remove ETH staking. This amendment comes after the SEC reversed its stance and requested Ether ETF issuers to update their 19b-4 filings.
âImportant to note: The next SEC deadline is May 23 for VanEckâs Ether ETF proposal. While senior Bloomberg ETF analyst Eric Balchunas has increased the odds of approval to 75% from 25%, this only applies to the 19b-4 form.
đ´ Telegram Messengerâs founder Pavel Durov received a $6.8 million donation in Notcoin from the TON-based game Notcoin. This move has been met with scrutiny due to a lack of transparency from Notcoinâs team. The team had promised to double the contributions of all donors, but many users are unhappy with the lack of communication regarding this decision.
đŚ The Central Bank of Brazil has announced a three-phase plan for crypto regulation in 2024. The plan includes:
- Consulting market actors regarding VASPs
- Establishing plans to regulate stablecoins:
- Finalizing rules for VASPs to operate in Brazil:
đŻ Bybit, a cryptocurrency exchange, has reached 30 million users and increased its market share significantly. This growth is due to its focus on security and trust, earning industry recognition. Bybit plans to continue innovating in the Web3 space with new platforms and a decentralized exchange. The company has also received industry recognition, including a perfect 10/10 Trust Score from CoinGecko and an âAAâ rating in the recent CCData Crypto Exchange Benchmark Report. info via Bitcoin.com https://lnkd.in/db82YrU5
đ Two UAE news (See slides)
⥠Roland Berger Middle East announces cooperation with Microsoft UAE to provide customers an unparalleled end-to-end AI capabilities
⥠Saudi Arabiaâs ALLaM model joins IBM watsonx AI platform
For slides click here: https://tinyurl.com/y5n5xr4d
LinkedIn Profile: â https://tinyurl.com/bdeevbruâ
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
21st May: Crypto & Coffee at 8
đ Satoshi Nakamotoâs Wallet đ¨Grayscale Investments CEO Michael Sonnenshein resigns âHashgraph + Qatar Financial đĄCentre Russia and Iran- Single BRICS Currency
đ Satoshi Nakamotoâs wallet now holds over 100 BTC after receiving an inadvertent transfer of 0.10754671 BTC, valued at $7,211. This brings the estimated total value of the wallet, which has remained untouched, to approximately $6.75 million. On May 17, at block height 843,872, an individual mistakenly sent 0.10754671 BTC to Satoshiâs wallet. Arkham Intelligence, a platform for on-chain monitoring and data, was the first to detect this erroneous transaction. âSomeone accidentally sent 90% of their BTC holdings to Satoshi Nakamoto last night,â Arkham reported on Twitter (X) here https://lnkd.in/dKenaWsK. âThey were attempting to sacrifice an Ordinal for [Pups Token], but accidentally sent almost their entire wallet balance insteadâââaround $7K in BTC.â
đ The power of Publicly verifiable, a pillar of open blockchain! Once CBDC gets implemented only the government official & Central bank officials will have access to this information. Verify transaction -> https://lnkd.in/d7stmMbG
đĄ Grayscale Investments CEO Michael Sonnenshein has stepped down, with Peter Mintzberg set to succeed him starting August 15, according to SEC filings. Grayscale, known for having the largest Bitcoin ETF with $19.37 billion in assets, has recently faced challenges, including significant withdrawals after converting GBTC into a spot Bitcoin ETF in January and abandoning plans for an Ethereum futures ETF. Mintzberg, the former global head of strategy at Goldman Sachs Asset and Wealth Management, brings extensive experience from his previous roles at BlackRock and Oppenheimer Funds, and holds degrees from Harvard University and Stanford University. Info here https://lnkd.in/dpDvwnkR
đ The Hashgraph Association has secured a $50 million deal with Qatar, one of the worldâs wealthiest nations. This partnership will establish a Digital Assets Venture Studio, aimed at rapidly advancing research and development in the digital financial sector. The Venture Studio will last four years and complete the initiative by 2028, empowering local businesses in Qatar. Info via Crowdfund Insider https://lnkd.in/dPjs8XMW
đ¨ Russia + Iran
â Russia and Iran are collaborating on creating a single BRICS currency, with over 60% of their trade already in rubles and rials, moving away from the U.S. dollar. This was discussed at the âRussiaâââIslamic World: Kazan Forum 2024.â The BRICS bloc, which has recently expanded, is increasingly using national currencies. Critics warn that these moves could undermine the U.S. dollarâs global dominance. Via Bitcoin.com https://lnkd.in/dH-gi8Xe How will the USA react to this news?
đ Two UAE news (See slides)
⥠Sorbet secures strategic investment from Adaverse
⥠Sheikh Hamdan inaugurates Dubai AI Campus as city eyes $27bn digital economy boost
For slides click here: https://tinyurl.com/34f26nmz
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
20th May: Crypto & Coffee at 8đ˘ MakerDAO : two new stablecoins đ¤CBDC in Philipines by Coins.ph đ¤ Venezuela bans crypto mining đĄKraken to delist USDT from EU?
đŠMakerDAO- newstable and puredai
đ˘ Makerdao plans to replace its DAI stablecoin with two new ones: newstable and puredai. Newstable aims to be user-friendly and integrate smoothly with Makerdaoâs ecosystem, while puredai focuses on extreme decentralization with minimal governance. The Endgame plan also introduces a new governance token for puredai and includes a lending platform to boost adoption. This initiative aims to enhance stability and scalability in Makerdaoâs offerings.
đ¤ Coins.ph, a leading cryptocurrency platform, has secured regulatory approval from the Bangko Sentral ng Pilipinas (BSP) to introduce a peso stablecoin named PHPC. This stablecoin is set to be accessible to retail customers and will mark a milestone in the digital asset landscape of the Philippines. PHPC will be pegged one-to-one to the peso, backed by cash and cash equivalents stored in Philippine bank accounts, ensuring its stability and full redemption for pesos.
đ¤Coins.ph envisions PHPC being utilised for various purposes such as remittances, trading, business to business (B2B) payments, and Web3 gaming, with the goal of reducing costs and enhancing efficiency. More info here via FintechNewsPh here https://tinyurl.com/26k5mkmu
âśď¸ Venezuelaâs Ministry of Electric Power plans to disconnect cryptocurrency mining farms from the national grid to regulate energy consumption and ensure a stable power supply. The National Association of Cryptocurrencies confirmed that crypto mining is now prohibited in the country. This follows the recent seizure of 2,000 mining devices in Maracay as part of an anti-corruption effort. More info here https://tinyurl.com/mcz3rbw9
â The ministry emphasized the need to offer efficient and reliable electrical service across Venezuela by eliminating the strain caused by these high-energy-consuming farms.
đ´ Kraken Digital Asset Exchange is âActively Reviewingâ Tetherâs Status Under New EU Rules
â Kraken is considering delisting Tetherâs USDT from the European Union market due to Tetherâs lack of interest in complying with upcoming MiCA regulations. Despite Tether confirming its non-compliance, Kraken is reviewing its legal status and aims to stay compliant with new regulations. The uncertainty surrounding MiCA has prompted Kraken to prepare for various scenarios, including scenarios where listing USDT becomes untenable. Info via Bloomberg here https://tinyurl.com/3rmryp37
đ Two UAE news
⥠Klumi Ventures UAEâs first Web3 Venture Capital firm regulated by Abu Dhabi Global Market (ADGM)
⥠Department of Health Abu Dhabi partners with MBZUAI (MBZUAI (Mohamed bin Zayed University of Artificial Intelligence) of Artificial Intelligence) and Core42 to launch AI global healthcare academy
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16th May: Crypto & Coffee at 8
đ Bidenflation 3.4% = Crypto đDOJ accuses Brothers for $25M Ethereum Exploitđ˘ Mastercard + Standard Chartered test Tokenization âUK authorities to seize cryptoâ
đ CPI (Consumer Price Index ) via the Bureau of Labor Statistics states Bidenflation at 3.4% Info can be found here https://tinyurl.com/2s6ker6t This has caused the price of #BTC & Crypto to pump. Based on this information & many other Federal Reserve Board chair Jerome Powell will decide to cut the interest rate, keep it the same or increase it. We strongly recommend looking at https://www.bls.gov/ it explains how Inflation is calculated
đ Two Brothers were arrested for attacking the Ethereum blockchain and stealing $25M in Cryptocurrency during a 12-second exploit, according to an indictment unsealed on Wednesday. Indictment here https://tinyurl.com/yruf2kxw
đą The indictment claims the brothers, using their advanced computer science and math skills, manipulated Ethereumâs transaction process to access and alter pending transactions. They planned the scheme over several months, learning victim trading behaviours and setting up ways to hide their identities and the stolen funds. After executing the exploit, they used various methods to launder the money, including shell companies and foreign exchanges. Check out todayâs Blockchain DXB podcast we explain in detail what they did
đ´ Mastercard and Standard Chartered Bank Hong Kong successfully tested Mastercardâs Multi-Token Network (MTN) by conducting an atomic swap of a tokenized carbon credit for cash. This took place in the Hong Kong Monetary Authorityâs Fintech Supervisory Sandbox. A Mox Bank client deposited funds and requested to buy a carbon credit. SCBHK tokenized the carbon credit through Libeara, and MTN enabled a real-time swap of the tokenized assets across different blockchains. Info via Cointelegraph here https://tinyurl.com/ycnzkeku
đ In April, a new UK law allows authorities to seize cryptocurrency assets from suspects without charging them with a crime. This change, effective from April 26, 2024, results from amendments to the Economic Crime and Corporate Transparency Act 2023 (ECCTA), which updated the Proceeds of Crime Act 2002 (POCA). Now, UK police and the National Crime Agency (NCA) can confiscate crypto assets and related physical items like flash drives and written passwords from those suspected of criminal activity. Additionally, authorities can âdestroyâ crypto assets if returning them to circulation is deemed harmful to the public, though the exact method of destruction has not been clarified.
đ Two UAE news (See slides)
⥠UAE Pro League partners with Chiliz to boost fan interaction and global expansionâââ18th April
⥠Dubai Central Laboratory implements AI-based technology to detect âLegionellaâ bacteria
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15th May: Crypto & Coffee at 8
đ Tornado Cash DeveloperâââGUILTY đGME meme coin up by 2,291%, KITTY up by 13,000%đ Mt. Gox to inject 142,000 BTC đ OKX in AUSâ
đ Tornado Cash developer Alexey Pertsev has been found guilty of money laundering by a Dutch judge at s-Hertogenbosch court on Tuesday. Pertsev has been given 64 months of prison time by the court. Info via CoinDesk here https://tinyurl.com/4j926maf Pertsev was accused of laundering $1.2 billion of crypto through Tornado Cash, per an indictment earlier this year.
đ´ GME meme coin, inspired by GameStop, surged to over $100 million in market cap amid GameStopâs trading frenzy, reaching 2,291% growth in a week. This coincided with GameStopâs shares rallying due to Keith Gillâs return, causing another short squeeze. GameStopâs CEO, Ryan Cohen, saw $1 billion in unrealized capital gains. Cointelegraph article here states Memecoin frenzy extends beyond GME, with Pepe and Dogwifhat memecoins also rallying. More info here https://tinyurl.com/yc2tfjv9
đ´ A Solana meme coin named KITTY, inspired by Roaring Kitty, experienced a sudden surge in price by over 13,000% within hours after Roaring Kitty reappeared online. The token, which initially dropped to near-zero, saw its market capitalization reach tens of millions of dollars. This unexpected turn of events resulted in a significant increase in trading volume for KITTY on Solana decentralized exchanges. via Decrypt https://tinyurl.com/yk9yanwn
đą (More Supply = Less Demand)
â In 2011, Mt. Gox fell victim to a hack, losing 850,000 BTC valued at over $51 billion today. Following the incident, the exchange filed for bankruptcy and has been working to gather funds for creditor compensation since then.
đ¨ OKX has launched spot and derivatives trading services in Australia, expanding its global reach. The platform now offers AUD compatibility and access to various crypto assets for both spot and derivatives trading. While spot trading is available to all users, derivatives trading is restricted to verified wholesale clients. This launch reflects their commitment to serving the Australian market and its ongoing global expansion efforts.
Check out Blockchain DXBâs podcast we share our commentary
đ Two UAE news (See slides)
⥠Tether.to Signs MOU With RAK DAO To Develop Educational Initiatives on Bitcoin and Stablecoins in the Ras Al Khaimah Region
⥠Cisco study reveals 98% of KSA organizations use AI technologies in their cybersecurity strategies
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14th May: Crypto & Coffee at 8
đBitcoin Miningđť The US government is going after Tether.to? đ´$296M Illegal Crypto in Chinađ Bitcoin Magazine+ Trump
đťMining Difficulty: Last week witnessed a significant slump in Bitcoin mining difficulty, marking the most substantial decline since the Crypto Winter of December 2022. It has dipped below 600 EH/s following the recent halving event.
As of 06th May, Riot Platforms produced 41% fewer bitcoins in April
Gryphon Digitial mining reports production of 40 BTC in April
Info via Seeking Alpha https://tinyurl.com/4drm5te4
â Bitcoin production numbers saw a significant drop of 16%, with Riot Platforms, experiencing a 12.7% decrease as Bitcoin itself faced a volatile week. Fintech-focused lender SoFi Technologies slid 11.6% after issuing Q2 guidance below analyst estimates. The Carlyle Group, after posting mixed Q1 results, retreated 11%, while Marathon Digital Holdings, another BTC miner reporting production metrics, fell 9.8%. Info here https://tinyurl.com/yc69ut22
đ James Butterfill, head of research of CoinShares published a detailed report via Medium that discusses Miners are beginning to turn off unprofitable rigs They expect a shift towards AI in energy-secure locations due to its potential for higher revenues, with companies like BitDigital, Hive and Hut 8 already generating income from AI. Also possibility of the hash rate rising to 700 Exahash by 2025. Full article here https://tinyurl.com/yua7bfc7
Bitdeer Group, Cormint, Inc., TeraWulf , and Iren are identified as best positioned to survive the halving, while Riot and Hut 8 face significant challenges.
Overall, the report provides insights into the dynamic landscape of Bitcoin mining and the strategies miners employ to navigate post-halving challenges
Check out the Blockchain DXB podcast we share our commentary on this.
đą Brad Garlinghouse, CEO of Ripple says it is âclearâ that the United States government is âgoing afterâ stablecoin issuer Tether which could have an unpredictable impact on the crypto markets. More info via World Class podcast, here via YouTube https://tinyurl.com/4d3xvmbh
đ´ Chinese police arrested six individuals in Panshi City, Jilin, for operating an illegal âunderground bankâ that handled $296 million in transactions using cryptocurrency for currency conversion, catering to Korean agents and e-commerce firms. Info via CoinDesk https://tinyurl.com/34js3jhd
đ Making Bitcoin Great Again- David Bailey, CEO of Bitcoin Magazine, has disclosed his nexus with the campaign of former President Donald Trump. Bailey and his team have advised Trump to develop a Bitcoin and crypto-friendly agenda, including signing a crypto-focused executive order on day one. Via Bitcoin.com here https://tinyurl.com/yt56ycfy
đ Two UAE news (See slides)
⥠Blockchain Innovator Blockdaemon Expands to Abu Dhabi, UAE
⥠UAE Releases New Falcon AI Model to Challenge Meta, OpenAI
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13th May: Crypto & Coffee at 8
đ¨ Canada fines Binance đ Binance & KuCoin Exchange in India, đ¨ Stablecoins on the Bitcoin Blockchain â Franklin Templeton CEO discusses tokenization of ETF & Mutual fund ⥠Apple + OpenAI
đ Canadaâs anti-money laundering agency, FINTRAC, has fined cryptocurrency exchange Binance nearly C$6 million (approximately $4.38 million USD) for breaching money laundering and terrorist financing laws. Binance failed to register as a foreign money services business with FINTRAC despite multiple deadlines. Additionally, it did not report receiving virtual currency worth C$10,000 or more on 5,902 occasions between June 1, 2021, and July 19, 2023. Iinfo here https://tinyurl.com/2mw9pc7w
đ¨ Binance and KuCoin Exchange have been registered by Indiaâs anti-money laundering regulator, marking a credibility shift for crypto in the nation. KuCoin paid a $41,000 fine and resumed operations, while Binance awaits a penalty determination, potentially facing a $2 million fine. Other platforms are negotiating with regulators or planning to exit India. Overall, India now has 48 registered crypto entities, with the regulator engaging with the industry and media for the first time. Info via CoinDesk here https://tinyurl.com/4kmrxwes
đ Jenny Johnson, the president and CEO of Franklin Templeton, reiterated her pro-blockchain stance during an interview with Bloomberg anchor David Westland during the 27th Annual Milken Institute Global Conference in California. Full details here https://tinyurl.com/387e7yxa She talks about the way how Tokenization is changing the way people invest. She thinks all ETFs and mutual funds will be on a blockchain.
đŻ Will it be on an Open Blockchain or Permissioned Blockchain (Software)?
đď¸ Check out Blockchain DXBâs Podcast we share some key details of Tokenization this week. We also share our commentary on macro-level news
⥠Lightning Labs, the developer behind Bitcoinâs Lightning Network, has tested a protocol that allows stablecoins to be issued on the Bitcoin blockchain. The CEO, Elizabeth Stark, announced that they recently executed a test transaction using the Taproot Assets protocol on the Lightning Network. The goal is to enable the use of stablecoins and other assets on the Bitcoin blockchain, expanding its use cases and attracting more users to the world of digital assets. Via Decrypt here https://tinyurl.com/32vy2h8m
đŁ Apple is reportedly finalizing an agreement with OpenAI to incorporate ChatGPT features into its upcoming iOS 18 software update, as per a Bloomberg report on May 11. Alongside this, Apple is exploring discussions with Alphabet, Googleâs parent company, to potentially integrate the Gemini chatbot. More info via Bloomberg https://tinyurl.com/h7dyr2zh
đ Two UAE news (See slides)
âĄMetaverse: The Hype, Reality & New World Order by Blockchain DXB 06th June
âĄPESTLER analysis on Bitcoin on 06th June (Political, Economical, Social, Technological, Legal Environmental, Religious )
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Guest: Abdulla AlShehhi, First Emirati Runner to complete all 6 World Major Marathons, Brand Ambassador of Under Armour Middle East, Runner for VitaminwellUAE & has completed 15 marathons
Host: RA George (Blockchain DXB)
Date: 09th May, Time: 15:30 GST
Contact info for Abdulla AlShehhi
Instagram: @â abdullabinhajarâ Ambassador â @underarmourmeâ Runner â @vitaminwelluaeâ Summary of the conversation- Abdulla AlShehhi, the First Emirati Runner to complete all 6 World Major Marathons, shared insights into his journey during the podcast.
He recounted his upbringing in Ras Al Khaimah, UAE, and how he turned to running to overcome being overweight and lead a healthier lifestyle.
Reflecting on his first 10km event in 2014, he expressed his passion for running, often accompanied by his love for coffee.
Abdulla described the euphoria and mental clarity he experiences after a good run, likening it to a healthy drug that clears his mind and leaves him feeling positive.
Recalling his first marathon experience at the Dubai Marathon, Abdulla highlighted the importance of gradual progression in training and event participation.
He discussed the significance of completing 6 World Major Marathons, including Berlin, Chicago, New York, Tokyo, London, and Boston, and the support he received from his family and community throughout his journey.
Emphasizing the importance of setting goals, visualizing success, and listening to his body, Abdulla shared his favorite marathon experiences, particularly Tokyo, for its unique atmosphere.
Despite facing challenges during the New York Marathon, Abdulla pushed through fatigue and proudly raised the UAE flag at Central Park.
He expressed his admiration for fellow runners and his commitment to continuing his global marathon journey.
Sharing insights into his training routine, diet, and role as a brand ambassador for Vitamin Wells, Abdulla stressed the importance of recovery, stretching, and quality sleep.
Looking ahead, he plans to tackle ultra-marathons and obstacle course races.
Representing Under Armour resonates with Abdulla's personal values, alongside his passion for Anime, music, and favourite Under Armour gear.
He concluded by offering advice and encouragement to the UAE running community, emphasizing perseverance and balance in pursuit of their goals. He also stressed the importance of believing in yourself.
Thank you for the podcast.
09th May: Crypto & Coffee at 8
đ˘ Ethereum Proposal EIP 7702 by Vitalik Buterin đłMastercard + US banks work on Tokenization đRobinhood receives Wells notice by SEC đťGrayscale Withdraws Ethereum ETF
đ˘ EIP 7702 Targets Enhanced Security and Compatibility
Ethereum Improvement Proposal (EIP) 7702 represents a pivotal advancement in Ethereumâs ecosystem, targeting enhanced security and compatibility. Authored by Vitalik Buterin along with co-authors Sam Wilson, Ansgar Dietrichs, and Matt Garnett. More info via GitHub here https://t.ly/PgcE5
đ˘ EIP 7702 enhances Ethereumâs security and compatibility by avoiding obsolete opcodes, integrating with EIP 4337 for quantum computing readiness, and introducing a new transaction type. It simplifies interactions, reduces costs, and prioritizes user security. This proactive approach makes Ethereum resilient against future threats.
đď¸Check out Blockchain DXB podcast we explain this in detail. Also see slides 1 & 2 below for macro details of #defi, #stablecoins #BTC & more
đł Mastercard, along with major US banks like Citigroup, Visa, and J.P. Morgan, is testing distributed ledger technology for banking settlements using tokenization. Theyâre trialing the Regulated Settlement Network (RSN), which streamlines settlement processes by converting various assets into tokens and settling them on a single platform. The ongoing trials, building on a previous 12-week pilot phase, now focus on simulating US dollar settlements. Source via Bloomberg https://t.ly/KXhMK
đ Robinhood, a major American crypto exchange, received a Wells Notice from the U.S. Securities and Exchange Commission, suggesting possible enforcement action for alleged breaches of securities laws. Details of the wells notice can be seen here https://t.ly/tlQVt via StreetInsider.com
As a result of the news, Robinhoodâs share price fell 2.5% before the market opened, hitting $17.95 at 12:50 p.m
đť This news led to discontentment among investors. Additionally, a significant amount of Dogecoin was cashed out as Robinhood faced increased outflows. Dogecoinâs price dipped below $0.15 despite rising trading volumes, partly due to these developments and the liquidation of long positions worth nearly $4M.
đ˘ James Seyffart, CFA, CAIA mentioned via Twitter (x) that Grayscale Investments just withdrew their 19b-4 filing for an #Ethereum futures ETF. Info here https://t.ly/QAxyf But Grayscaleâs strategic Ethereum trust retraction filing raises questions. According to the James was Ethereum futures ETF was e essentially a trojan horse filing i, in order to create the same circumstances that allowed Grayscale to win the GBTC lawsuit (approve futures deny spot) but withdrawing doesnât make sense right?
đ Two UAE news
⥠Chainalysis sets up regional HQ in Dubai amid local crypto boom
⥠Trezi to transform UAEâs AEC landscape in the Metaverse era
For slides click here: https://t.ly/lmCN-
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
08th May: Crypto & Coffee at 8
đŻ Trump defeating Biden is Good for BitcoinâââStandard Chartered đCartier family member indictedâââUSDT đ¨HK explores Tokenization
đ Analysts at British bank Standard Chartered today said that a second Donald Trump presidency could do Bitcoin good. In a Tuesday note, Standard Chartered digital assets researcher Geoff Kendrick said that another Trump administration would not be as strict on Bitcoin as a Biden one might be. The report also states import tariffs under a Trump presidency would lead âseveral large reserve managers to be buying BTC in 2025.â Info via Decrypt here http://tiny.cc/alzzxz
đ Is Bitcoin Apolitical? Until we reach a separation of Money and the State. Politics and politicians will have a very strong say in the trajectory and direction of Bitcoin & Crypto.
Independent Presidential candidate Robert F. Kennedy Jr. will appear at Consensus 2024. He has promoted a pro-cryptocurrency stance during his campaign and will speak later this month at the Consensus 2024 crypto conference in Austin, Texas.
đ Maximilien de Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using Tether.to USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.5 million and used these shell companies to launder hundreds of millions for unnamed third parties. Info via Bitcoin.com https://lnkd.in/dt6tAp9B
đŁThe Hong Kong Monetary Authority (HKMA) is spearheading collaboration with industry stakeholders to explore asset tokenization. Through the newly announced âProject Ensemble Architecture Community,â comprised of industry representatives and regulators, HKMA aims to develop tokenization standards and supervise tokenization projects in Hong Kong. This initiative also focuses on fostering interoperability among wholesale central bank digital currencies (wCBDCs) to facilitate seamless interbank settlement of tokenized deposits for asset transactions. Regulators involved include HKMA, Hong Kongâs Securities and Futures Commission, the BIS Innovation Hub Hong Kong Centre, and the CBDC Expert Group.
âThe private sector is represented by seven members, including Bank of China (Hong Kong), Hang Seng Bank, HSBC, Standard Chartered Hong Kong, HashKey Group, Ant Digital Technologies and Microsoft Hong Kong.
â Together, the companies and authorities are expected to design and launch the Project Ensemble Sandbox, which is targeted to launch around mid-2024 to facilitate further research and testing of tokenization use cases. Info via Cointelegraph here http://tiny.cc/vmzzxz
đ Two UAE news (see slides)
âĄCrypto options desk QCP Capital wins Abu Dhabi license:
âĄCognizant and Google Cloud to drive AI innovation in Saudi Arabia
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07th May: Crypto & Coffee at 8
đ 687 #BTC move after a decade đ˘ SEC delays Invesco Galaxy spot Eth ETF decision â Philippines- Cryptocurrency Regulatory Framework âOKX has turned off the p2p function in Nigeria
đ A mysterious holder has moved Bitcoin (BTC) worth nearly $44 million after receiving the coins over 10 years ago On Sunday, 687.33 BTC worth $43.7 million were moved after being dormant for a decade. The coins were initially received in January 2014 and have not been touched since. The current price of BTC at $63,467 means the investor has gained 7,228%. The transaction fee paid to move the coins was less than $2. Via Decrypt https://lnkd.in/dE-wzdmv The power of publicly verifiabilty!
đŚ The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco US Galaxyâs application for a spot Ether exchange-traded fund (ETF), setting the next deadline for July 5th. This delay extends the review period by another 60 days to thoroughly assess the proposed ETF and related issues. The SEC has also deferred decisions on applications from other Ether ETF issuers, including BlackRock, Fidelity Investments, Franklin Templeton, Hashdex, and Ark 21Shares. Analysts had anticipated these delays, with recent downgrades in the odds of approval for ETFs, reflecting doubts about the SECâs readiness to approve such products within the expected timelines. Filing by the SEC here https://lnkd.in/da49qvhY
đ´ Emilio B. Aquino, chairperson of the Philippines SEC, plans to introduce a cryptocurrency regulatory framework later in 2024. The aim is to protect Filipino crypto users. The SEC recently requested Apple and Google to remove Binanceâs apps from their stores, arguing Binance lacks the necessary license. Aquino expects swift compliance from the tech giants, given their past responsiveness. https://lnkd.in/d_NkpiMJ
Important to note On April 19, the commission requested the removal of Binance applications from the app markets of Apple and Google in the Philippines.
â Santiment Feed disclosed that over 260,000 new Ethereum wallets were created between April 28 and April 29, the highest two-day network growth since October 8 and October 9, 2022. Twitter https://lnkd.in/dfM9KM8R
đ¨ OKX has turned off the peer-to-peer function for Nigerian users and removed the naira from its platform. OKX said in a terse statement shared on X on Friday. Tweet here https://lnkd.in/d_S--y4Q OKX is the second crypto platform to disable its P2P function for Nigerian users, following Binanceâs disabling of P2P for Nigerian users.
đď¸ Check out Blockchain DXBs Crypto & Coffee at 8, we share our commentary on todayâs macro-level news & local news thatâs below
đ Two UAE news (See slides)
⥠Emirates NBD welcomes Chainalysis to Digital Asset Lab Council
⥠Singapore-based Dyna.Ai announces global launch in Dubai
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06th May: Crypto & Coffee at 8
đ MicroStrategyâs Decentralized Identity protocol đ¨ Coinbase faces new lawsuit đ BlockâDCAâingâ into đ #BTC BTC-e, $9B money laundering
đ Bitcoin for Corporations May 1âââMay 2, 2024
⥠Michael Saylor announced the Orange protocol for decentralized identification, hoping to anchor digital identities in the dominant blockchain.
đ MicroStrategy Orange Decentralized Identity protocolâ
â According to the MicroStrategy Orange documentation, the decentralized identity protocol uses a modified approach to inscriptions as Ordinals, but stores only data related to decentralized identity (DID), meaning documents can be created and updated with few restrictions on size and content while taking advantage of the segregated witness (SegWit) feature of Bitcoin. MicroStrategy Orange decentralized identifier could also be used to verify users on social media applications or authenticate a text message, college degree or medical record.
đ MicroStrategy published an unofficial draft of the MicroStrategy Orange specification to Github. https://tinyurl.com/2r8krcez Source via Decrypt https://tinyurl.com/3memkkxn
đ¨ Coinbase and its CEO Brian Armstrong face a class-action lawsuit alleging investor deception and illegal business practices. The lawsuit claims several cryptocurrencies on Coinbase are securities, violating state laws. Coinbase disputes this. Meanwhile, a crypto lawyer filed a brief supporting an appeal on behalf of over 4,700 Coinbase customers. Despite legal challenges, Coinbase reported strong financial performance in Q1 2024, driven by market performance and Bitcoin exchange-traded funds. Official lawsuit details here https://tinyurl.com/389wh4hy
đľCenorship King & Twitter co-founder Jack Dorsey s new company Block will flip 10% of its gross profit made off its Bitcoin products into buying BTC every month. Block bought $220 million worth of BTC between the fourth quarter of 2020 and the first quarter of 2021. Its latest earnings detailed that Block held 8,038 Bitcoin BTC as of March 31, worth around $573 million, with reported paper gains of $233 million. According to Censorship King open protocol could benefit Block by helping it âserve more people around the world faster. Important to note âless than 3% of company resources are dedicated to Bitcoin-related projects.â https://tinyurl.com/yyw4hjav
đ BTC-e Operator Pleads Guilty to Money Laundering Conspiracy. The exchange moved over $9B worth of transactions; The defendant caused criminal losses in excess of $100M. Laundering related to his role in operating the cryptocurrency exchange BTC-e from 2011 to 2017. Official info here by U.S. Department of Justice https://tinyurl.com/33pwp6nr
đ Two UAE news (See Slides)
âĄCardano Foundation Partners with Dubai Blockchain Center
⥠UAE to be testing ground for a series of game-changing consumer blockchain applications Arabian Business
For slides click here: https://tinyurl.com/ycxf3utf
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02nd May: Crypto & Coffee at 8
đ FOMC MeetingâââIntrest Unchained đŁ Tether.to Net Profit Of $4.5B đ¨ Securitize raises $47M đť NFT Sales Dip Over 31%đť
đŚ Federal Reserve Board chair Jerome Powell and his Avengers decided to keep the interest rate unchained. It put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy. We strongly recommend watching the full video here via YouTube https://tinyurl.com/4zbxxmf3 The global market has collapsed.
đ Shouldnât Bitcoin be a safe haven against Inflation? Bitcoin & the Global Cryptomarket is down, see slides 1 & 2 below. Fear and Greed Index is NeutralâââWe are our commentary in our podcast today
đ¨ The first quarter of 2024 proved highly profitable for Tether.to, with a net profit of $4.52 billion. Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, conducted by BDO, a leading global independent accounting firm. Report here https://tinyurl.com/3nfajan7 They hold over $90 billion in U.S. Treasuries, with a net equity of $11.37 billion. Tether-issued tokens are 90% backed by Cash and Equivalents, with over $12.5 billion issued in Q1. CEO Paolo Ardoino emphasizes transparency and stability. Tether reserves the right to adjust reserves as needed. Check out Blockchain DXB podcast we explore the details of the report
đ°Securitize secures $47 million in strategic funding, with BlackRock leading the investment. Crypto companies Aptos Labs, Paxos, and Circle also participated in the funding round. The investment signals optimism for the future of real-world asset tokenization. BlackRock global head of strategic ecosystem partnerships Joseph Chalom will join the Securitize board of directors. Info via Twitter (X) https://tinyurl.com/yfaj72rb & more info here https://tinyurl.com/2fw8pmf4
đ¤ In April, the NFT market saw a decline as sales reached approximately $1.15 billion, marking a 31.26% decrease from March. The number of NFT purchasers also fell by 51.88%, accompanied by a 45.72% reduction in sellers during the same period. Bitcoin emerged as the leading blockchain for NFT sales last month, generating $597.62 million in transactions. Info here cryptoslam.io
đ Two UAE news
⥠Abu Dhabi: TII, AppliedAI partner to provide AI backing to first responders in mission-critical sectors
⥠How to Start a Podcast by Blockchain DXBâââ10th May 2024 Registration link via Eventbrite here https://tinyurl.com/yxma9c5h
For slides click here: https://tinyurl.com/6nr8uzxb
LinkedIn Profile: â https://tinyurl.com/bdeevbruâ
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Guest: James Check, (Checkmate) Lead Onchain Analyst, Glassnode, Bitcoin Onchain Analyst Check on Chain
Host: RA George, Blockchain DXB
Contact Info: James Check & Glassnode
Glassnode
Website - https://glassnode.com/
LinkedIn - https://tinyurl.com/nznh9d44
Telegram- https://t.me/glassnode
Youtube - https://www.youtube.com/glassnode
Twitter - @glassnode https://twitter.com/glassnode
James Check
Twitter @_Checkmatey_ https://tinyurl.com/y37j52w9
Substack- https://substack.com/@checkonchain
Check on Chain : https://www.checkonchain.com/
Summary of the conversation
James discussed a report he's preparing on the bull and bear cases for cryptocurrency, released on May 1st.
He shared his journey into the cryptocurrency space, particularly focusing on Bitcoin, as well as his background in civil engineering, emphasizing risk and probability.
James highlighted his role as Lead Onchain Analyst for Glassnode, focusing on Bitcoin and Ethereum, incorporating competencies from his civil engineering background.
He defined Bitcoin as a mechanism for storing time, contrasting it with fiat currency's money printing.
Explained Glassnode's role in providing onchain data analysis for traders and institutional investors, highlighting its benefits for individuals and businesses.
Discussed the use of onchain data and its various patterns and insights, including the weekly insights report.
Considered key dates like the FOMC meeting on May 1st and discussed metrics such as outflows and price corrections.
Explored Bitcoin halving and its implications, referencing an interview with YouTuber "Pepperstone" and Glassnode's institutional report with Coinbase.
Examined the impact of stablecoins and other reports Glassnode looks at.
Detailed Glassnode's data extraction processes and challenges in explaining services to clients.
Explored psychological behaviours identified through onchain analysis, sharing a 2021 incident.
Discussed the legitimacy of onchain analysis and Glassnode's competitive advantage.
Recommended the book "Reminiscences of a Stock Operator" and discussed Check on Chain, James' personal project.
Explored Bitcoin's white paper and its significance, along with investment portfolios for High Net Worth Individuals and Institutions.
Discussed Glassnode's use of AI and its impact on the onchain analyst role.
Explored the philosophical implications of Bitcoin as sound money and its role in the future.
Considered Bitcoin halving and related onchain metrics, comparing 2020 and 2024 halvings.
Shared thoughts on ordinal inscriptions and runes, discussing personal use cases.
Discussed Ethereum metrics and challenges, as well as the potential impact of the 2024 US elections on Bitcoin and cryptocurrencies.
Concluded with a discussion on James' music genre preferences and highlighted key information about Glassnode and Check on Chain.
Thank you for the podcast. For feedback or suggestion send email to info@blockchaindxb.com
01st May: Crypto & Coffee at 8
đ Bitcoin Jesus indicted đ° BlackRock BUIDLâââLargest tokenized Fund đ¨Coinbase integrates Lightning Network for BTC transactions âWasabi Wallet and Phoenix no longer in USA đ´ CZ 4 months prison
đ¨ Bitcoin JesusâââRoger Ver arrested for alleged tax evasion and mail fraud in Spain. Roger Ver, also known as âBitcoin Jesus,â has been arrested in Spain following charges of tax evasion by the U.S. Department of Justice. The indictment accuses Ver of evading nearly $50 million in taxes, engaging in mail fraud, and filing false tax returns. The U.S. Department of Justice announced Tuesday here https://lnkd.in/eYJS8HwM The United States will seek Verâs extradition to stand trial in the United States. Check out Blockchain DXB podcast we share more information on this
đ° BlackRockâs BUIDL fund, now at $375 million, has become the largest tokenized treasury fund in just six weeks, surpassing Franklin Templetonâs BENJI. With Securitizeâs support, BUIDL commands almost 30% of the $1.3 billion tokenized treasury market. Ondo Financeâs OUSG token played a significant role in BUIDLâs growth, contributing $50 million in inflows. Tokenization, particularly of U.S. Treasuries, offers benefits like faster settlements and increased transparency, driving market growth from $100 million to nearly $1.3 billion, largely due to BlackRockâs entry. via CoinDesk https://lnkd.in/eN35wS43
⥠Coinbase now supports the Bitcoin Lightning Network, offering users faster and cheaper Bitcoin transfers compared to the Bitcoin blockchain. Users can choose between Lightning and the Bitcoin network for their transfers. With Lightning, the recipient generates a unique invoice containing the transfer amount, valid for 72 hours. Itâs important to note that a new invoice must be generated for each transaction. Official info here https://lnkd.in/e_iN2Z6T
⥠Coinbase chose Lightning payments solution provider Lightspark as a partner for the integration. That company is headed by former PayPal president David Marcus
đ´Wasabi Wallet and Phoenix- are no longer in the USA
- Wasabi Wallet and Phoenix have suspended their services for customers in the United States due to actions taken by U.S. authorities against similar cryptocurrency services. The companies have implemented measures to block U.S. IP addresses and remove their wallets from U.S. application stores to comply with potential regulations. The crackdown on cryptocurrency services has intensified following the arrest of individuals linked to the Samourai Wallet on charges of money laundering Info via Forkast.News https://lnkd.in/eMYK-2w9
đ´Former Binance CEO Changpeng Zhao has been sentenced to only four months in prison for money laundering violations. CZ may be the richest person to serve jail time with a worth of $37Billion
đ Two UAE news (See slides)
⥠Liminal receives initial approval from VARA, SourceZawya
⥠Saudi Arabia to use AI in its healthcare, Source Gulf News
For slides click here: https://tinyurl.com/a55usuck
LinkedIn Profile: https://tinyurl.com/bdeevbru
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30th April: Crypto & Coffee at 8
đť68% of Runes are Ruined ⥠Aus spot Bitcoin ETFđ MicroStrategy Q1 loss but acquire more #BTC đą$3 Billion to be unlocked in May
⥠Top 50 Runes by the number of holders are down 30% on average as of April 29, OKX data here https://lnkd.in/dfZbErJZ shows two-thirds of them (34 out of 50) are in the red. As of April 29, there were more than 349,000 Runes holders, according to data from Rune Alpha. Thatâs almost half of the active addresses on the network as tracked by on-chain data firm IntoTheBlock.
đď¸ Check out Blockchain DXB podcast we share more information on this
đĄ According to Franklin Templeton, Runes positions Bitcoin to close the gap with Ethereum and Solanaâs fungible tokens markets
đ Australiaâs Top Exchange Expected to Approve Spot Bitcoin ETFs
ASX, Australiaâs largest securities exchange, is expected to approve spot Bitcoin ETFs before the end of 2024. The exchange is engaging with issuers interested in admitting cryptoasset-based ETFs, but has not provided a specific timeframe. Applications for spot Bitcoin ETFs are pending from asset management firms VanEck, DIGITALX, and Betashares. Info via Bloomberg https://lnkd.in/diWGxZtC
đ¨ MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after taking a digital asset impairment charge of $191.6 million, according to a Monday afternoon press release here https://lnkd.in/dUzeJ_Sf MicroStrategy purchased 122 additional Bitcoin for a total of $7.8 million between April 1 and April 26, according to the report.As of Friday, MicroStrategy holds 214,400 Bitcoin, or $13.5 billion worth at the current price of the asset.
đ In May, $3 billion worth of tokens will be unlocked across seven different projects, including Pyth and Aevo. Pyth will unlock 2.13 billion tokens, while Aevo will implement both cliff and linear unlocks. Other projects like Avalanche, Memecoin, Ethereum L2 Arbitrum, Aptos, and ApeCoin will also release tokens into the market. Timelines are below
- DeFi oracle network Pyth- 20 at 2pm UTC, 2.13 billion PYTH token ($1.24 billion)
- On May 15, 827.6 million AEVO tokens (($1.24 billion))
- Memecoin will also be releasing 5.31 billion MEME tokens ($147.95 million) on May 3, followed by 49.47 MEME tokens ($1.38 million) a day for the next 184 days.
- Ethereum L2 Arbitrum will be unlocking 92.65 million ARB ($103.76 million) on May 16
- Aptos is unlocking 11.31 APT ($102.1 million) on May 12 for the foundation, community, core contributors, and investors.
- Bored Ape themed ApeCoin will be releasing 15.6 million APE ($19.97 million) on May 17, mostly going to the treasury and Yuga Labs
â What does this mean for the global crypto market?
đ Two UAE news (See slides)
⥠Sheikh Hamdan announces launch of Dubai Universal Blueprint for Artificial Intelligence
⥠Abu Dhabi Autonomous Racing League showcases the capabilities of autonomous vehicles and virtual reality applications
For slides click here: https://tinyurl.com/2h2x94sx
LinkedIn Profile: https://tinyurl.com/bdeevbru
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
29th April: Crypto & Coffee at 8
đConsensys sues SEC đĽChangpeng Zhao in Prison? đĄNFTs minted on the Bitcoin blockchain đĽYuga Labsâââa new round of layoffs
đ˘Consensys Sues the U.S. Securities and Exchange Commission to Defend the U.S. Ethereum Community- Does it seem like a very centralized decision? Info here states why they are seeing the SEC https://lnkd.in/dVMy75_W T
âThe lawsuit against the SEC challenges its attempt to regulate global, peer-to-peer computer networks like Ethereum, arguing it oversteps its authority. The SECâs insistence on controlling Ethereum undermines its decentralized nature and harms developers, market participants, and the U.S. economy. By redefining legal standards, the SEC aims to claim oversight over Ethereum, threatening technological advancement and stablecoin policies. If successful, this regulatory overreach could devastate the cryptocurrency industry, leading to job losses and economic damage.
CZ is not #SAFU
Changpeng Zhao, faces up to three years in prison for money laundering violations. Prosecutors seek a harsher sentence than guidelines recommend due to the severity of violations. Binance admitted to evading anti-money laundering rules and agreed to a $4.32 billion penalty. Prosecutors accuse Binance of facilitating transactions with terrorist groups and supporting illegal activities. Despite Zhaoâs cooperation and fines, prosecutors emphasize the harm caused. Final sentencing is scheduled to take place on 30th April
đNFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling NFT collections all stem from the Bitcoin blockchain. According to data from CryptoSlam Inc.io, Bitcoin-based NFTs have amassed $3.43 billion in total sales, positioning Bitcoin in fourth place behind Ethereum, Solana, and Ronin. Via Bitcoin.com https://lnkd.in/dt79pDtf
đĽ Bored Ape Yacht Club creator Yuga Labs is restructuring with an aim to get back to its smaller, scrappier early days.Yuga Labs, the creator of Bored Ape Yacht Club NFTs, is restructuring and implementing layoffs to return to its smaller, more agile roots. CEO Greg âGargaâ Solano announced the decision, citing a need to refocus and prioritize excellence. The extent of the layoffs is undisclosed. Info via Twitter (x) here https://lnkd.in/d8_gbGcA
đ´ Decrypt article here https://lnkd.in/dDBJd_RQ states that the NFTs recently fell to a price thatâs 90% less than at the peak, Yuga Labs has yet to launch Otherside despite multiple brief test events, and the company sold off some of its created gaming IP earlier this month in an effort to refocus and streamline.
đ Two UAE news (See slides)
⥠Dubaiâs DMCC (Dubai Multi Commodities Centre) hosts trade roadshow in Japan to drive growth in Web3, AI and gaming
âĄâSaudi Arabia at forefront of AI,â says business leader at World Economic Forum
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Sure, here's a condensed version of the content:
⢠Introduction: Welcome to "AI Frontier DXB," part of the Blockchain DXB podcast series, exploring the convergence of Cryptocurrency, Blockchain, and AI.
⢠Today's episode delves into AI's evolution, its impact, and its integration with Cryptocurrency and Blockchain.
⢠We explore AI-powered trading strategies, Blockchain-based AI marketplaces, and AI-driven Cryptocurrency mining.
⢠Additionally, we discuss AI's role in enhancing Cryptocurrency security and fraud detection.
⢠We also examine AI's influence on politics, its benefits, and ethical concerns.
⢠In machine learning, algorithms recognize patterns and make predictions without explicit programming.
⢠Machine learning includes supervised, unsupervised, and reinforcement learning, used in various applications.
⢠Deep learning, a subset of machine learning, excels in tasks like image and speech recognition.
⢠NLP enables computers to understand and generate human language, used in translation and sentiment analysis.
⢠Computer vision interprets visual information, aiding in facial recognition and medical analysis.
⢠Robotics combines AI and mechanical engineering for tasks from manufacturing to healthcare.
⢠AI's rapid advancement raises ethical questions and requires responsible development and deployment.
⢠Collaboration is essential to ensure equitable distribution of AI's benefits.
⢠AI analyzes market data, optimizes Cryptocurrency mining, enhances wallet security, and detects fraud.
⢠Blockchain facilitates decentralized marketplaces and secure data transactions.
⢠AI-driven analytics tailor campaign strategies and assess public sentiment for political campaigns.
⢠AI algorithms analyze legislative data and enhance cybersecurity in elections, but raise ethical concerns.
25th April: Crypto & Coffee at 8
đHedera Hashgraph- Fakenews đBitcoin Mining difficultyâ Jack Dorseyâs #BTC mining systemđĄ SEC gets sued
đ˘ Hederaâs HBAR token experienced a remarkable 113% surge in value following news of BlackRockâs fund being tokenized on the platform. However, as additional information surfaced and BlackRock disavowed any direct participation, the tokenâs price swiftly declined. Archax, a digital asset exchange, broadened its selection of tokenized fund shares to encompass BlackRockâs ICS U.S. Treasury money market fund, despite BlackRockâs clarification that it was not directly engaged in the tokenization process.
â The tweet that started the #fakenews / confusion is here https://lnkd.in/dsc7krBg A BlackRock spokesperson told Decrypt via email.âWe have not worked with Hedera,â The clarified âArchax distributes our product through tokenization and [is] using Hedera.â
đ´ Following Bitcoinâs fourth halving, the network recently underwent its initial difficulty adjustment, marking a 1.99% uptick and propelling mining difficulty to an all-time peak. The difficulty level soared from 86.39 trillion to a fresh milestone of 88.10 trillion. At block 840,672, 672 blocks subsequent to the fourth halving at block 840,000, the difficulty surged by 1.99%. The next adjustment in difficulty is projected to occur around May 8, 2024. Initially, the hash price surged to $182 per petahash per second (PH/s) per day, but subsequently dwindled to $74 per PH/s just two days prior. More info via Bitcoin.com here https://lnkd.in/dTq_k_2i
đ Censorship Kingâs BTC mining system with a 3nm chip headed to the foundry
â Block, is building its own Bitcoin (BTC) mining system. They plan to leverage their product and software development expertise, system engineering competency, supply chain experience, and aftermarket support capability, having shipped tens of millions of devices. Their intention is to utilize this extensive experience to introduce a compelling and differentiated mining solution to the market. Info here https://lnkd.in/djAH-JaQ
đ´ The Blockchain Association and a Texas crypto group are suing the SEC over its âDealer Ruleâ expansion, claiming it stifles innovation in the digital asset industry. They argue the SECâs broad interpretation of âdealerâ creates burdensome regulations for crypto businesses. The lawsuit alleges violations of the Administrative Procedure Act and seeks to overturn the rule. Info here https://lnkd.in/dGDYYVHq CFAT members include Coinbase, a16z crypto, Ledger, Paradigm, + Blockchain Capital.
đď¸ Check out Blockchain DXB podcast we give our commentary & all of this & more
Two UAE news (See slides)
âĄNucleus AI and Dubai Blockchain Center unite AI and blockchain to drive innovation and business growth
âĄAbu Dhabi Global Market (ADGM), Hacken forge partnership to elevate blockchain security standards
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
24th April: Crypto & Coffee at 8
â Tether.to Pro Censorship đ Crypto.com Postpones Launch due to Money Laundering Probe đ˘ ETH ETF update by SEC
đĽ Tether.toâââPro Censorship
The U.S. is set to reimpose sanctions on Venezuelaâs oil industry, prompting the country to accelerate its adoption of cryptocurrency in oil trading. Venezuelaâs state-run oil company, PDVSA, plans to increase the use of digital currencies to reduce the risk of frozen sale proceeds in foreign bank accounts. But Tether vows to follow the law and block transactions.
đ¨ U.S. Department of the Treasury requires PDVSA customers and providers to wind down transactions by May 31 due to Venezuelaâs failure to implement electoral reforms. A spokesperson from Tether.to said: âTether respects the OFACs SDN list and is committed to working to ensure sanction addresses are frozen promptly.â Tetherâs CEO Paolo A. said these actions reflect the firmâs commitment to establishing higher safety standards within the emerging industry. via CryptoSlate https://lnkd.in/dDzGMP-P
đď¸ Check out the Blockchain DXB podcast today we share our commentary on this. We discuss if
- Is Tether USDT following pillars of Open Blockchain?
- Is Tether USDT replacing the role of a bank?
Important to note according to Dune Analytics, Tether has voluntarily blocked 1,426 USDT addresses, freezing over $1 billion in funds.
đ´ Crypto.com postponed its South Korea app launch due to an on-site inspection by regulators regarding alleged anti-money laundering issues. Despite maintaining high standards, the exchange aims to ensure regulators understand its policies. The exchange, approved in 2022, remains committed to responsible industry advancement in Korea. It clarified that no new customers were onboarded since acquiring OkBit. More info via CoinDesk here https://lnkd.in/d4CMX_tN
đ˘ The U.S. Securities and Exchange Commission (SEC) has delayed its decision on spot Ethereum exchange-traded fund (ETF) proposals from Grayscale Investments and Franklin Templeton. The SEC stated that it needs more time to review the proposals. These fund managers, along with others, are seeking approval from the SEC to allow their investment vehicles to trade on American stock exchanges. News via Decrypt here https://lnkd.in/dAx96tRn
- Filings from SEC here https://lnkd.in/d4FfpzDw The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days
đ˘ Standard Chartered published a report that ETFs that hold Ethereumâs ether (ETH) are unlikely to be approved in May.via The Block https://lnkd.in/dftWqHVv
Some year-end predictions are
- bitcoin price target of $150,00
- ether target of $8,000.
đ Two UAE news (See slides)
⥠UAE leads crypto adoption in the Middle East with 72% of local users investing in Bitcoin: Bitget Research via Zawya
⥠UAE-based AI firm G42 announces collaboration with U.S. group Qualcomm info via Gulf Business
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
23rd April: Crypto & Coffee at 8
âŹBlackRock #BTC education series đĄ #BTC miners earn $100M in fees ⥠CoinMENA Partnership news â˝Man City and OKXs NFTs
đď¸ Tune in to the Blockchain DXB episode for commentary
âŤBlackRock has released a series of educational videos so people can Learn more about investing in Bitcoin and the benefits of using an ETF like IBIT. The educational series called âUNDERSTANDING BITCOIN ETFSâ explains
- Bitcoin 101
- Understanding Bitcoin
- Investing in Bitcoin ETF
- Industry Insights
- Resources
More info here https://lnkd.in/djaqBKtR
đ Bitcoin is experiencing a âDeFi summerâ moment as the new Runes token standard leads to record daily miner rewards and transaction fees. Bitcoinâs fourth halving reduced minersâ block subsidy rewards, but transaction fees have surged, exceeding subsidy rewards for over 100 blocks. The hype surrounding Runes, a new token standard for Bitcoin, has driven speculative activity and increased competition, resulting in higher transaction fees. Info via The Block here https://lnkd.in/dQ9Si2Hy
â Itâs important to note that After an initial surge in transaction fees, which peaked at $128.45 on the day of halving, average fees have significantly declined to $34.80 as of April 21, according to YCharts data. Total daily miner revenue has also dropped to approximately $51 million. Currently, average fees have decreased further to around $10, as reported by Mempool data. here https://mempool.space/
đ´ CoinMENA partners with Standard Chartered-backed Zodia Markets. The Partnership aims to enhance liquidity on Fiat to Crypto Trades. It will boost liquidity and reduces slippage on high-volume trades between G10 and GCC currencies and stablecoins/crypto assets. Zodia Marketsâ trading infrastructure ensures efficient settlement for institutional clients, complementing CoinMENAâs platform for retail and institutional investors in MENA. The collaboration aims to provide efficient entry and exit from digital asset markets with minimal transaction costs, bridging traditional finance with digital assets. Info here https://lnkd.in/d-YMSTbS
â˝ Manchester City Football Club and OKX have teamed up to launch âUnseen City Shirts,â a unique NFT collection. Fans can mint these digital collectibles on the OKX app for a chance to win rare jerseys and matchday experiences. The jerseys feature hand-painted designs by artist Christian Jeffery, incorporating symbols like the Lancashire rose and the Manchester worker bee. The rarity of the NFTs determines the prizes, with ultra-rare NFTs offering exclusive experiences like playing on the pitch, while rare NFTs provide stadium tours and special edition jerseys. Minting is free on the OKX Marketplace. Cointelegraph here https://lnkd.in/dzrKcvUP
đ Two UAE news (See slides)
⥠Varys Capital Ventures (CEIC) Limited is set to launch in the ADGM
⥠Dubai announces global AI prompt engineering championship with over $272 million prize pool
For slides click here https://tinyurl.com/4pvxf4c3
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
22nd April: Crypto & Coffee at 8
đ #BTC Halved Transaction Fees đ MicroStrategys eventâââBitcoin for Corporations. â Tether.to Expansion plans, đ$ETH was withdrawn from CEXs
đ Bitcoinâââđ¤đťChopped in halfđ¤đť at Blockc No 840,000 on 04/20 however transaction fees have skyrocketed due Meme coins on Bitcoin Blockchain Runes that is similar to Ordinals, Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens. About nine blocks after the halving, Runes minters had already paid 78.6 BTC in fees (~$4.95 million) in order to buy the rarest of the rare. This suggests that, like Ordinals, the Runes protocol could be a boon to Bitcoinâs burgeoning fee economy. Can learn more info here https://www.runebtc.xyz/ check out Blockchain DXBs podcasts we share our commentary on this
đĽ Bitcoin for Corporations
đ¨ MicroStrategyâs upcoming MicroStrategy World conference in Las Vegas, from April 29 to May 2, 2024, will spotlight Artificial Intelligence + Business Intelligence and Bitcoin for Corporations. Bitcoin Magazine will exclusively stream the latter segment, emphasizing Bitcoinâs role in corporate strategy. Michael Saylor will discuss Bitcoinâs store-of-value aspect post-approval of Spot Bitcoin ETFs, joined by Lightspark CEO David Marcus. The event, expected to draw over 1,000 executives, reflects growing interest in Bitcoin among major corporations. Info here https://lnkd.in/diY2wvv6
đ˘Tether.to, is expanding its focus beyond stablecoins to embrace infrastructure solutions for a more inclusive world. This shift introduces four distinct divisions: Data, Finance, Power, and Edu(cation). Tether aims to contribute to a resilient financial and tech ecosystem by supporting sustainable solutions such as responsible Bitcoin mining and AI infrastructure. The company has launched initiatives like Tether Edu and Tether Power to drive global access to digital skills education and promote sustainable Bitcoin mining. Tetherâs CEO, Paolo A., emphasizes their commitment to empowering individuals and communities through technology, fostering independence and freedom. Info here https://lnkd.in/dxumxQSv
đ¨ On-chain data from IntoTheBlock reveals a strategic accumulation trend among Ethereum (ETH) investors, with over $500 million of ETH withdrawn from centralized exchanges (CEXs) in the past week, marking the highest movement since February. via Twitter here https://lnkd.in/dhnDQUTy This comes following the greenlight from regulators in Hong Kong for the launch of Spot Ethereum ETFs, alongside Spot Bitcoin ETFs, prompting investors to anticipate a price surge and adjust their ETH holdings accordingly.
đ Chirag Tomar, 30, pleaded guilty to creating a fraudulent Coinbase website and stealing $9.5 million in cryptocurrency. CoinDesk info https://lnkd.in/dy5Njc3K
đ Two UAE news (See slides)
âĄBinance FZE Receives a VASP Licence from Dubaiâs VARA
âĄAstra Nova raises $1m to pioneer the 1st Web3 RPG game based in KSA
For slides click here: https://tinyurl.com/ye23a7zn
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
đ Excited to share insights from our latest podcast episodes ahead of the upcoming Bitcoin halving event on April 20th, 2024! đď¸
1ď¸âŁ Delving Deeper into Bitcoin's Whitepaper: From decentralization to privacy, we dissect Satoshi Nakamoto's vision for a trustless digital currency.
2ď¸âŁ Austrian Economics and Bitcoin: Exploring how Bitcoin embodies principles of decentralization, individual sovereignty, sound money, and market processes advocated by Austrian economists.
3ď¸âŁ Understanding UTXO (Unspent Transaction Output): Unpacking the role of UTXOs in blockchain networks, their benefits, and how they contribute to security, scalability, and privacy.
4ď¸âŁ Exploring Lightning Network and Liquid Network: Discovering the core features and diverse use cases of Lightning Network for microtransactions and Liquid Network for inter-exchange transfers and confidential transactions.
5ď¸âŁ Ordinal Inscriptions in the UTXO Model: How ordinal inscriptions streamline multi-signature transactions, enhance efficiency, privacy, and flexibility within the Bitcoin ecosystem.
Stay ahead of the curve with our in-depth analysis! Tune in to our podcast for more insights into the world of cryptocurrency and blockchain. đ #Bitcoin #Blockchain #Cryptocurrency #Podcast #BTC #Halving2024
18th April: Crypto & Coffee at 8
đťGlobal Cryptođť New stablecoin bill by US Senators đWorld Chain Worldcoin s Layer-2 Chain đ¨SK Won Surpasses U.S. $ for trading
đ´đľU.S. Senators Kirsten Gillibrand (D-NY), member of the Senate Agriculture Committee, and Cynthia Lummis (R-WY Introducef Bipartisan Landmark Legislation To Create Regulatory Framework For Stablecoins. A landmark bipartisan legislation that creates a clear regulatory framework for payment stablecoins that will protect consumers, enable innovation and promote U.S. dollar dominance while preserving the dual banking system. Official info here https://lnkd.in/dUH6RaZF Check out Blockchain DXBs Crypto & Coffee at 8 podcast we give our commentary on this. We explain
- The Lummis-Gillibrand Payment Stablecoin Act:
- How it Protects consumers
- Encourages responsible innovation
- Prevents illicit finance
- Protects American interests
- Addresses custody
- Preserves the dual banking system
đ Worldcoin, led by Sam Altman, is launching World Chain, a layer-2 Ethereum blockchain prioritizing human verification via its retina-scanning âorbâ device. With over 10 million users across 167 countries, Worldcoin emphasizes âproof of personhoodâ in response to AIâs influence. World Chain promises cheaper fees and faster speeds, catering to verified humans while integrating bot-vetting for security. Despite criticisms, Worldcoin persists, implementing encryption technology and shipping updates, with recognition from Ethereum founder Vitalik Buterin. Overall, World Chain aims to enhance user experience and trust in cryptocurrencies amidst technological challenges. Via CoinDesk https://lnkd.in/dcsM4gxV
đ¨ Korean won surpasses US dollar as the most-traded currency for crypto in Q1â
đ According to research firm Kaiko, the South Korean won surpassed the U.S. dollar as the most-used currency for trading crypto in Q1 2024. The cumulative trade volume in won on centralized exchanges reached $456 billion, while the dollar reported $445 billion. South Korea has one of the most active cryptocurrency markets, with five fully licensed exchanges dominating the local market. Data here https://lnkd.in/dA3hXxjr
đ Two UAE news (See slides)
âĄQCP Capital and Further Ventures Announce Partnership for Middle East Crypto Expansion
⥠Microsoft invests $1.5bn in Abu Dhabiâs G42 in a boost to UAEâs AI ambitions
For slides click here: https://tinyurl.com/md4hxnnk
LinkedIn Profile: https://tinyurl.com/bdeevbru
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
16th April: Crypto & Coffee at 8
đ Hong Kong Bitcoin, Ether ETF Nod đNorway Threatens BTC Mining đĽBitcoin Miner Nabs 87,000,000% gains â˝STEPN + adidasâ
đ Hong Kong has approved spot Bitcoin and Ether ETFs, enhancing its role as a digital asset hub. Harvest Global Investments Limited . and a partnership involving HashKey Capital Ltd. and Bosera Asset Management Co. (International) Co. received initial approvals. These ETFs use an in-kind subscription and redemption mechanism. OSL Digital Securities Ltd. will provide custodial services. Bloomberg here https://tinyurl.com/3kdse24d
đ Perfect timing just a few days before Bitcoin Halving! How will the price of Bitcoin & Ethereum react to this news? Check out Blockchain DXBâs Crypto & Coffee at 8 we share our commentary on this
đľ Bitcoin Miners Could Be Forced Out of Norway With Data Center Law
Norwegian lawmakers have passed a law requiring data centers to register with the government and report their ownership and services. The government aims to regulate the use of energy for crypto mining operations, with the intention of closing the door entirely on the industry. The new law is the first of its kind in Europe and aims to direct energy consumption towards âsocially usefulâ services and infrastructure. Norwayâs energy minister thinks Bitcoin miners cause large greenhouse gas emissions, and wants to push them outâââbut experts disagree on the evidence. More info via Decrypt here https://tinyurl.com/ms3jdjwa & by local news paper here https://tinyurl.com/3vbmrtpx
đ A wallet holding 50 BTC, mined back in 2010, has finally moved its stash after 14 years. The BTC, worth $3.2 million today, was primarily transferred to a Coinbase address. This move comes just days before Bitcoinâs halving event, which will cut miner rewards in half. On-chain data shows that the wallet moved 50 BTC today worth $3.2 million. A large part of it went to a Coinbase address. Power of Publicly Verifiable! Anyone can validate this transaction here https://tinyurl.com/ykynxtnh
â˝ STEPN has announced a long-term collaboration with adidas and altsbyadidas to revolutionize the lifestyle app ecosystem and promote global adoption of FSL. This partnership includes co-branded Genesis Sneaker NFTs on Solana, exclusive perks for holders, and more activations to come. The collaboration aims to inspire a healthier, more active lifestyle with digital assets. The co-branded Genesis Sneakers will be raffled on their marketplace, with priority access for adidas and FSL communities before opening to the public on April 18. An allowlist including specific community members is in place, and users are encouraged to set up their accounts by April 16. Info via Twitter (x) here https://tinyurl.com/3dyf5fwm
đ Two UAE news (See slides)
⥠UAE secures $25 billion crypto transactions- DMCC (Dubai Multi Commodities Centre) special report
⥠Saudi Arabia takes the lead in metaverse adoption Arab News
For slides click here: https://tinyurl.com/tw8xeme9
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15th April: Crypto & Coffee at 8
đť Bitcoinđť but BTC Dominance đ Binance to stop Ordinalsâ US, UK, Germany Largest Gov crypto hodlers đ Worldcoin metrics
đť The price of Bitcoin plummeted after Iran launched missile attacks on Israel, sparking widespread selling of cryptocurrencies. This marked Iranâs first direct assault on Israel, raising fears of a full-scale conflict. Bitcoin dropped 8.07% to $61,710.58, following a previous 5% decline. Despite recent losses, Bitcoin hit an all-time high of $73,750.07 earlier in 2024, with hopes for potential gains surrounding the upcoming Halving event. However Bitcoin Dominance đ has pumped up to 54.44% multiyear high as BTC price volatility sends altcoins shooting lower. But, Dogwiththat & Wormhole has been up by 33.61% & 28.08% respectively
đ¨ In a blog post on Thursday, Binance said it will âcease support for trades and deposits of Bitcoin NFTsâ starting April 18 at 6:00 UTC. users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin network. Blog here https://lnkd.in/dusM2N5j Cryptoslam reports that Bitcoin ranks as the second most favored network for NFT trading, with its total trading volume for digital collectibles in the past 30 days challenging Ethereumâs dominance.
đ According to Arkham Intelligence, a crypto analytics firm, the United States, United Kingdom, and Germany are among the leading countries in terms of government-held cryptocurrencies. The U.S. government tops the list with over 212,847 bitcoins, along with holdings in other cryptocurrencies like ether. The British government follows with 61,245 BTC, and Germany holds 49,859 BTC. Meanwhile, El Salvador has been steadily acquiring cryptocurrencies, particularly bitcoin, with President Nayib Bukele announcing a daily purchase of one bitcoin for the country. As per Arkhamâs data, El Salvador currently holds 5,719 BTC. Info here https://lnkd.in/dVTps5WR
đWorldcoin reached 10M users, 70M transactions and at least 13 goats bought
â Worldcoinâs World App has hit 10 million users, with 2 million daily and over 5 million monthly. Users sign up via eye scans. It aims to provide universal basic income. A user in Kenya bought a goat with Worldcoin, sparking donations that led to 13 goats. The first goat was named âSamâ after Sam Altman, co-founder of Worldcoin and CEO of OpenAI, known for ChatGPT, a leading AI product. Tiago Sada, head of product, engineering and designer at Tools for Humanity, which is developing Worldcoin mentioned via Twitter (X) here https://lnkd.in/duznakE2
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 we share our commentary on it. This week we also delve into Bitcoin technical concepts
đ Two UAE news (See slides)
⥠BitOasis welcomes new retail and institutional customers
⥠NEOPIN, the Permissioned DeFi platform based in Abu Dhabi, announced a new RWA platform.
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11th April: Crypto & Coffee at 8
đ´Breaking SEC đ Uniswap đ FDUSD stablecoin đ65 Million Ordinals 5 Million đ¨Salvadorans Linked to Chivo Wallet El Salvadorâs compromisedâ First Tokenized Debt in El Salvador
đ´ Uniswap received a notice from the SEC about potential enforcement action regarding allegations of acting as an unregistered securities broker and exchange. Uniswap Labs CEO Hayden Adams expressed readiness to fight, emphasizing confidence in their legality and frustration with the SECâs focus. The company denies its tokens are securities and criticizes the SECâs approach. Uniswap argues U.S. Securities and Exchange Commission lacks congressional authority to regulate crypto markets, pointing to stalled regulatory efforts. The situation reflects broader regulatory uncertainty in the crypto industry. https://lnkd.in/dAsATPdv
đŻ First Digital is expanding the usage of its stablecoin FDUSD among DeFi users. FDUSD has become the fourth-largest stablecoin with a market capitalization of $3.3 billion. The token has gained popularity due to Binanceâs trading promotion and has seen a trading volume of over $10 billion in the past 24 hours, primarily from BTC, ETH, and USDT trading pairs on Binance. More info via CoinDesk here https://lnkd.in/dKJb-Yqj
đ The Bitcoin network is experiencing a surge in âOrdinals inscriptions,â similar to NFTs, where digital content is inscribed onto individual satoshis, the smallest unit of Bitcoin. This trend has led to over 65 million inscriptions, generating over $458 million in network fees. This development coincides with the approaching halving event, reducing block rewards. Additionally, thereâs a growing interest in incorporating Ordinals into Bitcoin decentralized finance (BTCFi), potentially leveraging layer 2 solutions to enable services like lending and derivatives markets. Info via Dune-Data
đ A database with the personal information of over 5 million Salvadorans was recently leaked in a data breach forum. The database, which has been around since August and has recently been linked to Chivo, El Salvadorâs national cryptocurrency wallet, has 144GB of data, including the full name, unique identity number, date of birth, address, and an HD pic of every user. Info via Bitcoin here https://lnkd.in/dnezdX4K
đ´ Bitfinex Securities and Inversiones Laguardia S.A. de C.V. have launched El Salvadorâs first tokenized debt offering, aiming to raise $6.25 million through the HILSV token on the Liquid Network. This initiative supports the construction of a Hampton by Hilton hotel complex at the international airport, reflecting El Salvadorâs evolving digital asset landscape since adopting bitcoin as legal tender in 2021. Info via the blog here https://lnkd.in/dRgQFUjK
⥠Two UAE news
⥠Dubai crypto watchdog aims to ease burdens for small entities- Paris Blockchain Week
⥠aramco and GCT Semiconductor sign 5G, AI deal in Saudi Arabia
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10th April: Crypto & Coffee at 8
đCPI numbers â Bidenflation at 3.5%đ Bidenâs mining tax đ Hong Kong Bitcoinâ ETF A16z Releases Jolt
đ Bidenflation: In March, the CPI for All Urban Consumers increased 0.4 per cent, seasonally adjusted, and rose 3.5 per cent over the last 12 months, In anticipate of this news Crypto is down Inflation data can be found here https://lnkd.in/dMFScFke. The latest consumer-price index is a critical data point for the Federal Reserve System, based on this he would decide to increase the interest hike.
â How will this news impact the price of Bitcoin & Cryptocurrencies?
đ Bidenâs 2025 budget proposal introduces regulatory changes for cryptocurrency. Two changes aim to align crypto trading with traditional finance rules, seen as positive steps. However, a controversial 30% tax on cryptocurrency mining electricity is included, risking driving miners overseas. Critics argue it fails to differentiate between sustainable and nonrenewable sources, potentially harming the industryâs growth. The administration is urged to reconsider and focus on lighter reforms for crypto mining concerns. Info via Cointelegraph https://lnkd.in/dtqr5sG8
đ´ Meanwhile, Republican Sen. Tillis Calls for âLightâ Crypto Regulatory Framework Ahead of Presidential Elections. đľ However Democratic Wally Adeyemo Deputy Treasury Secretary is asking Congress for increased powers to go after crypto crime. via CoinDesk https://lnkd.in/dbd_y7SJ
⥠Reuters states Hong Kong set to approve its first spot bitcoin ETFs in April. Article here https://lnkd.in/dkVhYgR6 Hong Kong is set to approve its first spot bitcoin ETFs, becoming a leader in Asiaâs crypto investment market. Regulators are expediting approval to enhance the cityâs financial appeal, aiming to attract global investment and foster crypto adoption. Mainland Chinese and Hong Kong asset managers are applying for approval, signalling strong interest despite cryptocurrency trading bans in mainland China. Previous approvals for cryptocurrency futures ETFs in 2022 have seen significant growth. Hong Kong-based Value Partners is also exploring a spot bitcoin ETF launch.
đ¨ A16z Releases Jolt, a âZero-Knowledge Virtual Machineâ. The release is the product of a16zâs first foray into deep-tech research.
- Jolt, supported by RISC-V ISA and Rust programming language, allows programmers to verify application execution and generate proofs of correctness. According to Eddy Lazzarin of a16z crypto, Jolt claims to be â10xâ faster than its closest competitor, RISC Zero. ZK cryptography, with its mathematical proofs called âZK proofs,â has applications beyond blockchain. However, it has gained prominence alongside the blockchain industryâs growth, aiding in fee reduction, speed enhancement, and transaction privacy preservation.
⥠Two UAE news
⥠Crypto.comâs Dubai Entity Receives Full Operational Approval
⥠SDAIA | سداŮا enhances Umrah services with AI and secure digital solutions
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09th April: Crypto & Coffee at 8
đSolana Network congestion đťPayPal stablecoin down by 38%đť MicroStrategy and Coinbase stock đ Base 1 in 6 memes are scams đ
đ The Solana network is experiencing significant congestion problems, resulting in a staggering 70% failure rate for transactions
đ´ Solana, known for speed and low fees, faces congestion, with 70% of transactions failing. Anza developers are addressing issues linked to internet protocols. Memecoin speculation and bot trading contribute to increased traffic. Anatoly Yakovenko notes the technical challenges in fixing the network. Scalability remains a concern. This highlights the need for robust network design and continuous development in blockchain.
Last week Solana (SOL) and its associated tokens, including Wormhole (W) and Dogwifhat (WIF), have experienced significant losses in the past 24 hours. SOL is down 7%, while W and WIF have dropped by 17% and 12% respectively. Congestion issues on the Solana network have contributed to these declines.
âHow will Centralized Blockchain Solana fix the issue?
đ´ In March, the circulation of PayPalâs stablecoin, PYUSD, dropped by 39% compared to February, totaling $188.5 million. The stablecoinâs circulation peaked in February and January at $304 million and $301 million, respectively. As of March 29, the PayPal USD treasury included $14.9 million in United States Treasury bonds. Despite the drop, PYUSD remains backed by U.S. dollar deposits and Treasurys. Market capitalization for PYUSD has declined since late February but recently saw a 3% increase, reaching $194 million. Launched in August 2023 in collaboration with Paxos Trust, PYUSD has gained prominence as the 13th largest stablecoin by market capitalization.
đ Bitcoinâs surge near $72,000 has boosted the stock prices of companies tied to the cryptocurrency. MicroStrategyâs stock rose over 6% to $1,531.67, driven by its aggressive Bitcoin acquisitions totaling $15 billion. Coinbase, Americaâs largest crypto exchange, also saw a 6% increase, reaching $255.99 per share. Tesla, holding over 9,000 BTC, saw a 5% rise in its stock price. Bitcoin mining companies like Hut 8 Crop and CleanSpark experienced marginal increases as well. Via Decrypt here https://lnkd.in/dJbJrSdP
â Base, a Layer 2 blockchain, was launched by Coinbase to improve Ethereumâs scalability and speed. However 1 in 6 new Base meme coins are scams, 91% have vulnerabilities The tokens were analyzed by automated auditors on the trading analytics platform DEXTools to determine whether each project has implemented three fundamental security measures: locked liquidity, verified contracts and absence of honeypots. More info via Cointelegraph here https://lnkd.in/dRZDrQQc Check out our commentary on this
đ Two UAE news
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 15th April
Registration Link here: https://tinyurl.com/y9k2nenv
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse 15th AprilRegistration Link here https://tinyurl.com/3x585j5cFor slides click here https://tinyurl.com/47bnpjes
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08th April: Crypto & Coffee at 8
đĄ Ripple stablecoin đ Do Kwon & Terraform Labs Liable for Fraudâ đ¤đťAvenged Sevenfold NFT âŤBlackRock ETF update
Ripple, plans to launch a U.S. dollar stablecoin, entering the $150 billion market currently dominated by Tether and Circle. Backed 1-to-1 by assets like U.S. dollar deposits and government bonds, Rippleâs stablecoin aims to provide stability in the cryptocurrency market. CEO Brad Garlinghouse cites instability among competitors as a driving factor. Despite ongoing legal challenges from the SEC, Ripple remains optimistic about its stablecoinâs role in expanding the XRP ecosystem and its overall future. More info via CNBC here https://lnkd.in/dKwGaNTd
đ´ How will a Ripple stablecoin impact XRP?
â Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Rippleâs entrance into the market. He said it was âencouraging to see more companies taking a compliance-first approach to building on-chain dollars.â
đ A Manhattan jury found Terraform Labs and its co-founder Do Kwon liable for civil fraud charges by the SEC regarding the $40 billion collapse of the Terra ecosystem in May 2022. They misled investors about the stability of Terra USD (UST) and the Terra blockchainâs use cases. The algorithm behind USTâs peg to the dollar was misrepresented, relying on continuous trading instead of self-healing capabilities as claimed. Kwon, currently in Montenegro facing criminal charges in the U.S. and South Korea, awaits extradition decisions amid ongoing legal battles. Official statement from U.S. Securities and Exchange Commission https://lnkd.in/diC6xeUP
đ¤đť Avenged Sevenfoldâs Season Pass is Turning Heavy Metal Fans Into Blockchain âEvangelistsâ
â Avenged Sevenfold launches Season Pass, a decentralized fan rewards platform akin to Fortniteâs battle pass, built on Polygon. Frontman M. Shadows aims to gradually introduce fans to Web3, turning them into advocates. Fans earn rewards for engaging in band-related activities, tradable on third-party marketplaces. Leveraging their established fanbase, Avenged Sevenfold drives Web3 adoption despite initial challenges. They aim to lead by example, proving the utility of Web3 for musicians and fans alike. Info via Decrypt here https://lnkd.in/dA2WZvQC
⍠BlackRock has expanded the list of authorized participants (APs) for the iShares Bitcoin Trust by adding Goldman Sachs, Citigroup USA Inc., UBS, Citadel Securities, and ABN AMRO. With these additions, the total number of APs now stands at nine, including existing participants Jane Street Capital, LLC, J.P. Morgan, Macquarie Group, and VIRTU AMERICAS LLC. Typically, popular ETFs feature more than a dozen APs. They continue to attract billions of dollars from investors. Filings with SEC here https://lnkd.in/dEk8vKha
đ Two UAE news (See slides)
⥠Crypto Polo Cup set to debut in Dubai, uniting world-class Polo players and Web3 enthusiasts
⥠Abu Dhabi to host The Bitcoin Mena Conference in 2024
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
04th April: Crypto & Coffee at 8
â Franklin Templeton & Bitcoin Ordinals â Ethereum ETF update đąUS govt transfer 30,174 (Silk Road to Coinbase) đĽKuCoin Market Share Slashes in Half
đ The Rise of Bitcoin Ordinals
â Franklin Templeton mentioned via Twitter (X) The Rise of Bitcoin Ordinals
https://lnkd.in/dACU7Pcc Franklin Templeton Digital Assets notes a surge in Bitcoin NFTs, particularly Ordinals, reflecting positive momentum in digital asset innovation. The firm highlights the growth of Ordinal collections like NodeMonkes and Runestone, indicating increased dominance in trading volume compared to ETH. Franklin Templeton has shown progressive interest in digital assets, investing in infrastructure startups, with Runestone gaining attention as a significant NFT collection.
đĄ The U.S. Securities and Exchange Commission is seeking public input on proposed rule changes allowing three spot Ether exchange-traded funds (ETFs) to be listed and traded on exchanges. Bitwise Inc, Fidelity Investments, and Grayscale have submitted proposals, with a 21-day comment period. The SECâs final decision, expected in May, has prompted concerns, with analysts noting the absence of communication as potentially concerning. However Bloomberg ETF analyst James Seyffart, CFA, CAIA expressed concern on April 2, noting that the lack of communication from the SEC does not indicate any changes in the situation regarding Ethereum ETF approval His tweet here https://lnkd.in/dSW48H8k
đ¨ 23rd May we find out the outcome! How will it impact the price of Ethereum?
đ On 2nd April The US Government transferred 0,174 hashtag#Bitcoin worth $2.1
billion seized from Silk Road to Coinbase. The wallet reportedly linked to the U.S. Justice Department (DOJ) initiated a 0.001 BTC transaction to a Coinbase Prime address. However, shortly afterwards, the wallet transferred 30,174 BTC.
â Anyone can validate the transaction here https://lnkd.in/dWUarejf
đ The power of Open Blockchain is Publicly Verifiable! Internet Detectives identified that the Bitcoin-holding wallet was seized from James Zhong, who was convicted in 2022. For context, Zhong was convicted for stealing over 51,680 bitcoins from the online black market Silk Road between 2012 and 2014.
đĽ KuCoin, a major crypto exchange, sees its market share halve after US regulators file complaints alleging illegal activities. Users withdraw funds in panic, causing trading volume to plummet by 75%. Despite challenges, KuCoin remains operational and initiates a $9 million airdrop for affected users. Regulatory scrutiny persists as founders remain at large.
đ Two UAE news (See slides)
⥠First Abu Dhabi Bank (FAB) Bank partners Microsoft to develop new AI-powered banking capabilities
⥠ARP Digital: Digital Asset Platform With Ex-Goldman Partner as Co-Founder Gets Bahrain Crypto License
hashtag#blockchaindxb
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LinkedIn Profile: https://tinyurl.com/bdeevbru
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Guest: Timothy Mangnall, Founder of Fango & CEO at Capital Block
Host: RA George, Blockchain DXB
Date: 02nd April Time: 14:00
Contact details for Timothy Mangnall & Fango
LinkedIn: https://tinyurl.com/mrv29m4d
email: tim@fango.world
Website: https://fangolabs.tech/
Youtube: https://tinyurl.com/f28v6sp3
Telegram: https://t.me/fangoportal
Twitter (X) @fangolabs
Pitch Deck: https://docsend.com/view/y3y7bv8tm7rzd22j
Summary of the conversation
Tim shared his extensive background in the sports industry, including experiences with renowned football clubs in London and Turkey.
He introduced his business, Capital Block, which aids sports organizations in utilizing Web3 technology.
Tim mentioned that his involvement with Bitcoin began in 2012 but deepened in 2017.
He discussed the intersection of blockchain and football clubs, detailing various partnerships in this realm.
Tim expressed his thoughts on the merging of sports and blockchain technology.
Tim provided his candid opinion on clubs launching NFTs, as well as his YouTube video titled "How Crypto Ruined Football and What's Next?"
He explained the shortcomings in some NFT utilities.
Tim elaborated on Fango, its services, inspiration for its launch, and the diverse team behind it.
Fango's focus on the MENA region was highlighted, along with reasons why it's an ideal market, according to Tim.
Problems outlined in Fango's pitch deck and solutions offered for fans, the crypto community, and broadcasters were discussed, as Tim pointed out.
Key features of Fango, encompassing gaming, highlights, purchases, merchandise, and unique experiences, were highlighted by Tim.
Tim explained the incorporation of various sports into the Fango app.
He shared insights into his relationship with Middle Eastern broadcasters and the target demographics for the Fango app.
Benefits for sponsors advertising on the app were discussed, according to Tim.
Partnerships with Saudi broadcasters and the differing business models were outlined by Tim.
Tim discussed the challenges faced by Fango and strategies for overcoming them.
Reasons for building the Fango app on Ethereum and the role of Fango Token were explained by Tim.
Token utilities, including predictions, subscriptions, and governance voting, were detailed by Tim.
Tim discussed the question generated by ChatGPT4 regarding Fango.
The impact of ETFs, Bitcoin halving, Ethereum ETF, and US elections on Fango were discussed by Tim.
Contingency plans for Fango and a focus on the business aspect were emphasized by Tim.
Tim's music preferences and a question about a boxing event were also touched upon.
03rd April: Crypto & Coffee at 8
đ¨The U.S. Dollar Index vs Bitcoin (What caused the dump) âAUSDâââStablecoin by VanEck đľTron đ SEC đźMusic đ Ai
đĽ A strong dollar = Bad for Bitcoin
đť Bitcoinâs price dip today appears to have been set off by strong U.S. factory data that sent the U.S. dollar index above 105.00 for the first time in almost five months.
â Yesterday, the Institute for Supply Management (ISM) reported a rise in Marchâs Purchasing Managersâ Index (PMI) to 50.3%, up from Februaryâs 47.8%.
â This uptick in U.S. factory data could strengthen U.S. exports, potentially boosting the dollar against other currencies. A stronger dollar may, in turn, hinder Bitcoinâs recent performance.
đď¸ Check out Blockchain DXB podcast we explain this in detail such as
- What Is the U.S. Dollar Index?
- How Is the U.S. Dollar Index Used?
- What Makes the U.S. Dollar Strong?
- Why Does the Strong Dollar Matter?
- How does it impact the Bitcoin & Cryptocurrency market?
đ¨ AGORA- AUSD
- Nick Van Eck, backed by his familyâs investment firm, launches a stablecoin through startup Agora with $12 million in funding. Agora aims to offer stability in the volatile crypto market, focusing on users outside the US. Managed by VanEck, the stablecoin is backed by cash and US Treasury bills. The stablecoin, backed by cash, US Treasury bills, and overnight repurchase agreements, will be managed by VanEck. While focused on customers outside the US due to regulatory uncertainties, Agora seeks to establish transparency and trust in stablecoin reserveAgora seeks partnerships with exchanges and crypto companies, avoiding the issuance of governance tokens. Van Eck aims to drive industry progress and establish trust in stablecoin reserves. info via Bloomberg here https://lnkd.in/e3DGmXpT
Can the UAE government in partnership with a private firm launch a stablecoin?
đ¨ The Tron Foundation has filed a motion to dismiss the U.S. Securities and Exchange Commission lawsuit against it, arguing that the regulatorâs attempt to apply US security laws to âpredominantly foreign conductâ goes âtoo far.â The Tron Foundation claims that the tokens were sold âentirely overseasâ and that steps were taken to avoid the US market. The foundation also argues that the SECâs claim of unregistered US securities is âtenuous at best.â Tron Foundation said in a March 28 dismissal motion in a New York federal court here https://lnkd.in/eNjdPM2u
đĽ Hundreds of musicians and songwriters have joined an open letter from the Artist Rights Alliance, urging action to halt what they see as the devaluation of artistsâ work in the music industry due to artificial intelligence. Info via Medium here https://lnkd.in/en2SPm9P
đ Two UAE news (See slides)
⥠Deribitâs Dubai-Based Unit Wins Conditional VASP License
⥠Bitget partners with Onramp.money for seamless AED/NGN-to-Crypto transactions
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02nd April: Crypto & Coffee at 8
đťCrypto bloodbathđťTether.to adds BTC to its holdingsđĽ UpBit volume crashes by 75% đ¨Solana Solana DeFi vol +Telegram bot drained đ°A16Z to invest $30M
đťCrypto Market â Do you bleedâ The Fear & Greed Index has changed from 90 Extreme Greed to 79 Greed in 24 hours as Billions are lost in crypto and the global crypto market looks RED. Check out Blockchain DXB podcast we share commentary on this & more
âĄArkham Intelligence is stating, Tether.to the issuer of USDT, the worldâs largest stablecoin based on market cap, added just shy of 8,888 bitcoin (BTC) in the first quarter. That wallet is now the holder of 75,354 bitcoins worth about $5.2 billion at BTCâs current price of $69,000, putting Tetherâs profit at roughly $3 billion. Transactions tracked on the blockchain show 8,888 BTC were recently sent from the crypto exchange Bitfinex to an undisclosed Tether wallet. Details of the wallet can be seen here https://lnkd.in/dQqn5dD5
đť The trading volume on South Koreaâs UpBit exchange has plummeted by 75% from its peak in March, signaling a significant slowdown in altcoin trading beyond major cryptocurrencies like Bitcoin and Ethereum. The surge earlier was driven by factors like upgrades and political developments, but as volumes declined, questions arose about the sustainability of the altcoin rally. South Korean investors, particularly on Upbit, have shown a strong interest in altcoins despite high risks. This decline in volume suggests a shift away from the frenzied altcoin trading seen earlier, raising doubts about their continued valuation. CoinDesk https://lnkd.in/dcdiXNc3
đťSolanaâs decentralized exchanges (DEXs) saw a record-breaking trading volume of over $58.4 billion in March, driven by the meme coin frenzy. However, Solareum, a Telegram trading bot, shut down after a security exploit drained $523,000 worth of SOL from user wallets. Over 300 users were affected, initially suspected to be linked to BONKbot but later attributed to Solareum. Despite efforts to address the issue, users demand compensation, underscoring risks in crypto trading platforms.
đ° VC firm Andreessen Horowitz (a16z) is investing $30 million in technology-centric gaming startups through its early-stage accelerator program called SPEEDRUN. The investment will be spread over the next 45 days, with each selected startup receiving $750,000. The program is open to startups at various stages, from ideation to those with established products and revenue. Competition for admission is intense, with only 1% of applicants accepted in the last cohort. However, 80% of companies from the first cohort secured funding from investors after Demo Day. Info via Andrew Chen Twitter here https://lnkd.in/dt39s6HF
đ Two UAE news
⥠Web3âs largest Account Abstraction provider, Biconomy, receives strategic investment from Major Investors
⥠Riyadh Air | ءŮعا٠اŮŘąŮا؜ and Artefact partner to build data analytics platform, develop AI solutions
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01st April: Crypto & Coffee at 8
đ¨ IMF suggest stablecoins and CBDCs đ˘Vitalik Buterinâs Ethereumâs scaling roadmap âĄBase sets DEX record âSam Bankman-Fried update
đ¨ The International Monetary Fund suggests that digital money like stablecoins and CBDCs could benefit Pacific Island countries (PICs) by improving financial inclusion and payment systems. They advocate for a two-tier CBDC model for PICs with existing currencies and mature banking systems, and foreign currency-based stablecoins for others, with robust regulation. While acknowledging the potential of private stablecoins like Tether (USDT), the IMF emphasizes the exploration of CBDCs by countries like Fiji, Palau, Solomon Islands, and Vanuatu. IMF Managing Director Kristalina Georgieva believes CBDCs can coexist with private money as a safe and low-cost alternative to cash. Info here https://lnkd.in/dT9NvG5N
đ˘ Vitalik Buterin in a blog post on Thursday, March 28 titled Ethereum has blobs. Where do we go from here? outlines the next steps in the networkâs scaling journey. More info here https://lnkd.in/dP4xQrwc . Following the Dencun upgrade on Ethereumâs Layer 2 chains, Vitalik Buterin, Ethereumâs co-founder, addresses the emergence of âblobscriptions,â which are inscriptions on blobs affecting scalability and increasing fees. Buterin emphasizes the transition towards focusing on Layer 2 scaling solutions after the foundational work laid by the upgrade. He mentions data availability sampling (DAS) as a key improvement to alleviate node workload and enhance blob space efficiency. Buterin also suggests exploring data compression and Plasma techniques for Layer 2 enhancements. Despite challenges, Layer 2 fees remain lower than Ethereum mainnet fees, and the roadmap for Ethereumâs scaling continues with the focus on Layer 2 improvements.
đ¨ Coinbaseâs Ethereum layer-2 network, Base, has broken its 24-hour trading volume record on decentralized exchanges (DEX), soaring by approximately 25% compared to the previous day and exceeding $1 billion in trading volume. On March 30, Base saw a trading volume of $1.21 billion on DEX platforms, marking a significant increase from the previous dayâs $959.63 million, as reported by Dune data. The majority of trading activity took place on Uniswap, which contributed 64.3% of the total volume, followed by Aerodrome Finance with 9.7%, and SharkSwap with 7.8%. Info via Dune-Data https://lnkd.in/dDif3GaY
đ Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison by Judge Lewis Kaplan of the United States District Court for the Southern District of New York. Bankman-Fried convicted on seven felony charges including witness tampering and perjury related to FTX user funds. Heâs the first person tied to FTX and Alameda Research to face prison time.
đ Two UAE news (See slides)
⥠Climate Cron cryptocurrency revolutionising Dubai real estate transactions
⥠PwC and Microsoft launch AI Centre of Excellence in Riyadh
hashtag#blockchaindxb
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28th March- Crypto & Coffee at 8
Larry Finkâs statement on BlackRock Ether ETF Gaza Now sanctioned Kucoin outflow Tornado Cash update
BlackRock CEO Larry Fink stated that despite potential regulatory scrutiny if Ethereumâs ether is designated as a security by the U.S. Securities and Exchange Commission (SEC), BlackRock could still consider listing an ETF that includes ether. Fink made these comments during an interview on Fox Business. He suggested that even if ether were classified as a security, BlackRock might proceed with an ETF for it, similar to their bitcoin ETF introduced Eight potential issuers, including BlackRock, have submitted filings with the SEC to bring a spot ether exchange-traded fund (ETF) to the market. The final decision by the regulator is due on 23rd May Info via
CoinDesk https://tinyurl.com/yj5rcx98
The Bitcoins movement was the separation of Money and the State- Has the role of the state been replaced by BlackRock?
Gaza Now and its founder, Mustafa Ayash, were sanctioned by the U.S. and the U.K. for facilitating crypto donations to Hamas post an October 7 attack in Israel. Elliptic found Gaza Now received $21,000 in crypto donations. Most donations, per TRM Labs, are under $500. OFAC and the U.K.âs Office of Foreign Sanctions Implementation listed crypto addresses linked to Gaza Nowâs fundraising. This follows sanctions against other entities supporting Hamas, like Buy Cash in October 2023. The U.S. Treasury Departmentâs Office of Foreign Asset Control (OFAC) and the U.K.âs Office of Foreign Sanctions Implementation also issued sanctions against Gaza Nowâs founder, Mustafa Ayash Official info here https://tinyurl.com/dd6rhbes
Can Ehereum validators produce these blocks? If yes what are the consequences?
KuCoin has experienced a net outflow of over $780 million across multiple chains in the past 24 hours following charges lodged against it by the U.S. Department of Justice. The outflow is a result of a total outflow of $882 million and an inflow of $99 million, resulting in a net outflow of $783 million. The exodus from KuCoin comes after the DOJ indictment and allegations of violating anti-money laundering laws. Info via The Block here https://tinyurl.com/a7mmxp6s
Whale Alert also mentioned via Twitter 2T SHIB Leaves KuCoin Amid Mounting Legal Troubles https://tinyurl.com/7a6zwn3p
Dutch prosecutors are seeking a 64-month jail sentence for Alexey Pertsev, the developer of Tornado Cash, in a money laundering trial. The verdict is expected on May 14 after a two-day trial held in the âS-Hertogenbosch court. Pertsev is accused of laundering $1.2 billion through Tornado Cash between July 9, 2019, and Aug. 10, 2022. He was initially jailed in the Netherlands in August 2022, shortly after Tornado Cash was blacklisted by the U.S. Treasury, which alleged links to the Lazarus Group, responsible for a $625 million hack of Axie Infinityâs Ronin Network. The trialâs outcome could have broader implications for how developers of open-source projects are treated in courts worldwide.
Two UAE news ( See slides)
Saudi ArabiaâââOutlier Ventures and The National Technology Development Program launch Web3 Accelerator Partnership
Dubai Trade to leverage AI for better efficiency
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27th March- Crypto & Coffee at 8
đĽKuCoin Exchange charged by U.S. federal prosecutors đ¨ Tether.to AI venture âWAX Signs Deal With AWS đ´Joe Biden Memecoin
đĽ Prominent Global Cryptocurrency Exchange KuCoin And Two Of Its Founders Criminally Charged With Bank Secrecy Act And Unlicensed Money Transmission Offenses Official info here https://tinyurl.com/3u5u67y2
đĽ The indictment alleges that KuCoin knowingly allowed substantial U.S. user activity without implementing adequate anti-money laundering measures. They failed to conduct proper customer identity verification until 2023 and actively prevented U.S. customers from identifying themselves. As a result, KuCoin facilitated the laundering of billions in criminal proceeds. Gan and Tang, both Chinese citizens, face charges for conspiring to violate the Bank Secrecy Act and operate an unlicensed money-transmitting business.
đ¨ Tether.to Expands AI Focus
đŻ Tether.to, the leading company in the cryptocurrency industry, is expanding its focus on artificial intelligence (AI) to drive innovation and accessibility in technology. With a market capitalization exceeding $100 billion, Tether aims to pioneer open-source AI models, integrate AI solutions into market-driven products, and engage with the community to advance open AI. The company also announces a global recruitment drive for top-tier AI talent to contribute to its new division, aligning with its commitment to revolutionising technology.Official info here https://tinyurl.com/5fdrtrwb
đĽ Worldwide Asset eXchange (WAX), a gaming-focused layer-1 blockchain, has inked a deal to leverage Amazon Web Services (AWS) and integrate its network into the Amazon Managed Blockchain (AMB) service. This integration allows WAX developers to utilize AMB, designed to aid in building decentralized apps (dapps) on both private and public blockchains. By integrating with AMB, WAX developers gain the ability to deploy nodes through the AWS console and leverage them for building on the WAX blockchain. Info via Business Insider https://tinyurl.com/38m6mjf2
đ Over the past 30 days WAX has facilitated 141 million transactions with 666,000 unique active wallets, data from DappRadar shows. The network hosts 160 Web3 games on its platform, including Brawlers, a trading card game that became a part of the Amazon Prime Gaming service alongside the likes of Apex Legends and Call of Duty.
đ Jeo Boden (BODEN), a Solana memecoin parody of United States President Joe Biden, has surpassed $250 million in market cap with a gain of 54% within the past 24 hours as of March 25. The memecoin is only available on the Solana decentralized exchange Raydium and is not yet listed on any centralized platforms. More info https://tinyurl.com/3uktvyax
đ Two UAE news (See slides)
⥠eesee.io receives strategic investment from and partners with Animoca Brands
⥠Abu Dhabi School of Management (ADSM) launches Bachelor of Science in Management programme focussing on AI
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26th March- Crypto & Coffee at 8
đĽSEC vs Ripple $2B fine đ¨Sanctions on the SEC đ Coinbase Stock đđBinance Executive âJailbreaksâ in Nigeriaâ
đĽ The U.S. Securities and Exchange Commission (SEC) plans to seek $2 billion in penalties from Ripple, according to the companyâs chief legal officer. The SEC has been engaged in a legal battle with Ripple since 2020, alleging that the company sold unregistered securities in the form of XRP. While Ripple scored a partial win last year, investors and Ripple Labs interpreted the ruling as a victory for the broader crypto industry. Stuart Alderoty mentioned via Twitter âAs you will see when the SECâs brief is made public tomorrow, they ask the Judge for $2B in fines and penaltiesâ his tweet here https://tinyurl.com/mr7yw57z Check out Blockchain DXBâ Crypto & Coffee at 8 podcast we share our opinion on this & more
đ¨A United States district court has imposed sanctions on the U.S. Securities and Exchange Commission Commission (SEC) for acting in âbad faithâ in its lawsuit against DEBT Box. The judge in the Debt Box case has issued an 80 page opinion sanctioning the SEC for egregious misconduct in the case.
â The SEC initially filed a motion to dismiss without prejudice, but that was denied by Judge Robert J Shelby, who slammed the regulator for intentionally lying to the court about evidence it obtained to secure a temporary restraining order (TRO) and freeze of Debt Boxâs assets last August. Cointelegraph here https://tinyurl.com/4cth79jh
đ Coinbase stock is surging alongside Bitcoin, reaching its highest price since November 2021. The companyâs stock has jumped by 44% in the past month and is up 346% over the past year. Despite experiencing outages during bullish surges, Coinbase remains Americaâs largest crypto exchange and recently reported a profit of $273.4 million. More info via Decrypt here https://tinyurl.com/ec2ntuh4
đą According to local media reports by on March 25, Binance Africaâs regional manager, Nadeem Anjarwalla, reportedly escaped from Nigerian custody along with his colleague, Tigray Gambaryan. The escape allegedly took place on March 22, 2024, when Anjarwalla was escorted for Ramadan prayers. Despite authorities confiscating his British passport, Anjarwalla managed to flee using his Kenyan passport, prompting an investigation into how he obtained it. The incident has resulted in increased charges against Binance for tax evasion. Meanwhile, Gambaryan remains in custody, while Binance claims to be working on facilitating the executivesâ return home. Info here https://tinyurl.com/2sazfy45 BBC also states The country is now âworking with Interpol for an international arrest warrant on the suspectâ, the Office of the National Security Adviser (ONSA) said in a statement. https://tinyurl.com/uz4x4rtb
đ Two UAE news (See slides)
âĄCentral Bank of The UAE bank introduces wholesale, retail digital dirham strategy
⥠Nexon opens blockchain game corporations in the UAE
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
đ 25th MarchâââCrypto & Coffee at 8 â
Exciting updates from the world of cryptocurrency and blockchain by Blockchain DXB
đ¨El Salvador bold bitcoin move
đ˘ Polygon ZkEVM offline
đĽ European Union ban on crypto transactions
â Appleâs M-Series crypto vulnerabilities
đ¨ đ¸đť El Salvadorâs Bold Bitcoin Move: President Nayib Bukele announces El Salvadorâs plan to purchase one bitcoin daily until it becomes financially unfeasible with fiat currencies. This initiative boosts the nationâs bitcoin holdings to 5,690 BTC, valued at approximately $400 million. CoinDesk https://lnkd.in/d8eMbpMP
đ Polygon zkEVM Downtime: Ethereum Layer 2 blockchain Polygon zkEVM experiences downtime, failing to sequence new blocks for over 10 hours. The team acknowledges the event and plans to release a post-mortem. The Block https://lnkd.in/dF6i2hgQ More info here https://lnkd.in/ds7abVHu)
đŞđş EU Ban on Crypto Transactions: European Parliament committees approve a ban on cryptocurrency transactions via hosted wallets to expand Anti-Money Laundering laws. The legislation aims to combat money laundering and terrorist financing, challenging the anonymity principle in crypto. Council of the European Union https://lnkd.in/dh3iwN3q
đ Appleâs M-Series Crypto Vulnerabilities: Security researchers uncover a vulnerability in Appleâs M-series chips, dubbed the âGoFetch exploit,â which could enable hackers to steal cryptographic keys from Apple devices, including crypto wallets. Apple is working on a workaround to mitigate the attack. Decrypt https://lnkd.in/dAf5wnyK
đď¸ Stay updated on the latest developments in the cryptocurrency world. Check out Blockchain DXBs Crypto & Coffee
đ Two UAE news (See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 15th April
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse 15th April
Registration link here: https://tinyurl.com/3x585j5cFor slides click here : https://tinyurl.com/42yn8md5
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
21st March- Crypto & Coffee at 8
đ´FOMC Meeting = Interest Unchained = Crypto đEthereum Foundation under inquiry by SEC đ˘Coinbase congestion issues âSolana meme coin frenzy
đ´ Federal Reserve Board chair Jerome Powell has decided to keep the interest rate unchained. We strongly recommend listening to the FOMC Press Conference, March 20, 2024 via YouTube here https://lnkd.in/eKi4XtDY Is this a good sign? Not really but the market has reacted positively. The global crypto market has reacted positively.
đ´ Check out Blockchain DXB Crypto & Coffee at 8 we share detailed info on this. Also, see slides 1 & 2 for global snapshot of #defi #stablecoins & #DAPPS
đ˘ The Ethereum Foundation is facing questions from an unnamed âstate authority,â according to the groupâs websiteâs GitHub repository. The GitHub reads as below
***this commit removes a section of the footer as we have received a volâŚ
âŚuntary enquiry from a state authority that included a requirement for confidentiality***
đŠ Fortune article states that the U.S. Securities and Exchange Commission is considering classifying ETH as a security, potentially impacting ETH ETFs. Investigative subpoenas have been issued to US companies. The Ethereum Foundation received a confidential inquiry. Previously disclosed government inquiries were removed from their website. A Swiss regulator may also be involved. Analysts doubt SEC approval for Ether ETFs due to limited engagement. Recent SEC activity may relate to an upcoming deadline. https://lnkd.in/edgB9C_8
â Is a Swiss regulatory agency involved in requesting information from the Ethereum Foundation?
â How will this news impact Ethereum Spot ETF approval?
đ Coinbase says transactions may experience âintermittent failures.â this is due to network congestion on Base Network Watcher Guru posted this info via Twitter https://lnkd.in/eNSPWkJ8
- How long will this issue persist?
đ¨ Along with Coinbase Centralized Blockchain Solana is also facing similar issues as users have complained and posted screenshots of transactions failing to go through. Solana Labs CEO Anatoly Yakovenko says he thinks meme coin trading is âbizarre,â More info in an interview with CoinDesk here https://lnkd.in/eNhvgiqN
đĽ Also, a user has posted ($122.5M) raised from 27 presales. tweet here https://lnkd.in/emFJcjin
đ Two UAE news (See slides )
⥠Dubai Centre for AI to establish dedicated taskforces within 30 government entities Emirates News Agency â WAM â ŮŮاŮŘŠ ŘŁŮباإ اŮŘĽŮ
اعات â ŮاŮ
⥠UAE Council for Artificial Intelligence and Blockchain launches award to enhance competitiveness in future sectors
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
20th March- Crypto & Coffee at 8
đ˘ Ethereum ETF update đ°Genesis to Pay SEC $21M Penalty ⍠BlackRock to Launch a Tokenized Asset Fund đľ âGiggle Academyâ by Changpeng Zhao
đď¸Check out Blockchain DXB Crypto & Coffee at 8, we share our commentary on the global crypto market
đ´ U.S. Securities and Exchange Commission (SEC) has delayed its decision on proposed spot Ether (ETH) exchange-traded funds (ETFs) by Hashdex and ARK 21Shares. This decision, announced on March 19, came just before the âthird deadline,â with final decisions for both ETF applications expected by late May. Specifically, ARK 21Shares will face a final decision on May 24, while Hashdexâs application deadline is set for on or before May 30. Analysts are sceptical about the approval prospects for the eight currently proposed Ether ETFs, expressing concerns about the lack of engagement between the SEC and the issuers. These ETFs come from various entities including BlackRock, Grayscale, Fidelity Investments, Invesco US Galaxy, VanEck, Hashdex, and Franklin Templeton. Info via Cointelegraph here https://lnkd.in/dFE67egS
â Bloomberg ETF analyst Eric Balchunas lowered the Ether ETF approval odds from 50% to 35%.
đ´ Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges
â Genesis Global Capital has agreed to pay a $21 million civil penalty to settle charges with the U.S. Securities and Exchange Commission (SEC) over its involvement in the now-defunct Gemini Earn program. The settlement, formalized after a New York judge denied motions by Genesis and Gemini to stop the SEC case, follows bankruptcy filings by Genesis and its affiliates. The SEC will not receive any portion of the penalty until all other allowed claims are paid, as stated by the regulator. SEC Chair Gary Gensler emphasized the importance of enforcing securities laws in the crypto lending space through such settlements. Info here https://lnkd.in/dsj_cJvN
⍠BlackRock has filed documents with the SEC to launch a tokenized asset fund, the BlackRock USD Institutional Digital Liquidity Fund. The fundâs size was not disclosed, but the minimum investment accepted is $100,000. Speculation suggests that the fund may be Ethereum-based, with stablecoin assets in the basket. Registered in the British Virgin Islands in 2023, the BlackRock USD Institutional Digital Liquidity Fund will act as a pooled investment fund. Official documents filed with Security Exchange Commission here https://lnkd.in/dDXURKap The news of the fund comes amid hopes that a spot Ethereum ETF may be approved
đ¨ âGiggle Academyâ âthe most impactful thing I could do for the next chapter of my life.ââââChangpeng Zhao CZ mentioned via Twitter his next project is Giggle AcademyâââFree basic (grade 1â12 ish) education, for all. No revenue.Gamified. Adaptive.
Two UAE news
⥠Dubai upskills over 170 government employees in generative AI
⥠Saudi Arabia plans $40B AI investment fund overseen by a16z crypto: Report
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
19th March- Crypto & Coffee at 8
đ´ USDTâââDelisted on OKX (EU) đťGrayscaleâs GBTC sheds $642M in 24hrsđť#BTC Flash Crash to $8.9K on BitMEX đś Aichi Sells for $4.3 Million
đ´ OKX, has delisted Tether.toâs USDT stablecoin for users in the European Union and the European Economic Area (EEA). This move aligns with upcoming EU regulations requiring stablecoin issuers to be licensed electronic money institutions. OKX cited regulatory compliance and security concerns for the decision but emphasized a focus on expanding euro-denominated liquidity. Despite the delisting, EEA-based users can still deposit, withdraw, and trade USDT through over-the-counter (OTC) channels. Tether.to has not commented on the situation yet.
đť Grayscale Investmentsâs spot Bitcoin ETF experienced its largest outflow since its conversion on January 11, with over $640 million worth of Bitcoin exiting the fund on March 18. Fidelityâs Bitcoin ETF also saw reduced inflows, leading to a net outflow of $154.3 million for spot Bitcoin ETFs. Despite the recent outflows, analysts remain optimistic about the future of Bitcoin ETF flows, citing potential increases in investor interest. While some attribute Bitcoinâs recent price decline to slowing ETF flows, others point to factors such as the upcoming halving event and the Federal Reserveâs FOMC meeting. However, commentators highlight the remaining Bitcoin holdings in GBTC as a reason for long-term bullishness regarding ETF flows. Info via Farside Investors https://lnkd.in/dPJh43Ty
đą Bitcoin experienced a flash crash on BitMEX late Monday, dropping to as low as $8,900 due to large sell orders totaling $55.49 million. The crash was short-lived, lasting only a few minutes before rebounding to $67,000. BitMEX is investigating the cause of the sudden sell-off. Despite the crash on BitMEX, the global average price of Bitcoin remained relatively stable around $67,400. BitMEX is investigating unusual activity on its BTC-USDT Spot Market involving large sell orders. However, they assure users that their derivative markets and funds are unaffected, and the platform is operating normally. nfo via CoinDesk here https://lnkd.in/dEd5S_cR
đś AichiâââDogwiththat
đ˘ A South Korean couple, owners of the Shiba Inu featured in the Dogwifhat meme, earned $4.1 million from the sale of an Ethereum NFT of the meme. The NFT sold for $4.3 million worth of ETH, making it the most expensive meme NFT ever sold, narrowly surpassing the previous record held by the original Doge NFT. The auction, held on the NFT marketplace, Foundation platform, saw a bidding war between GCR, a prominent crypto trader, and Memeland, an NFT venture collective associated with 9GAG. Crypto tader GCR ultimately secured the NFT with a final bid exceeding $4.3 million. Via Twitter https://lnkd.in/diTvYKW7
Two UAE news (See slides)
⥠ADU, 5ireChain collaborate to advance blockchain education and research
âĄAbu Dhabi in talks to invest in OpenAI chip venture
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Guest: Alaa Akawi
Host: RA George (Blockchain DXB)
Contact info for Alaa Akawi
Instagram - @alaa_akawi https://tinyurl.com/yj5vjrh8
Artology Creative - A creative video content production boutique in Dubai
IG @artologycreativedxb https://tinyurl.com/2u9s7ybh
Website - https://artologycreative.com/
email - info@artologycreative.com
Summary of the conversation
Thank you for the podcast.
18th March- Crypto & Coffee at 8
đťCrypto + FOMC this weekâ Solana overtakes Binance BNB âMEXC warning in HK đ¨ UK JudgeâââCraig Wright Is Not Satoshi Nakamoto
đľ Recent Inflation data has been disappointing & has caused the crypto market to dip. Federal Reserve Board chair Jerome Powell will be announcing the interest rate hike on the 20th of this month at the FOMC meeting. We strongly recommend listening to Jerome Powell live via YouTube here https://lnkd.in/ddA7b6x3
đ˘ Solana has once again overtaken Binance BNB in market cap, However, CoinMarketCap still shows Solana as no 4th despite MC being greater than Binance BNB. The total Value Locked on the Solana blockchain has spiked in the last few days. Solana has also emerged as a leader in on-chain stablecoin volume, challenging established players. DailyCoin article here states Solana Briefly Becomes Third-Largest DeFi Blockchain https://lnkd.in/dVkDkJdY
⏠The Block is reporting that an unknown NFT artist raised over $10 million in one day for the Solana meme coin presale. The artist, pseudonymously known as Kero, launched the presale after polling their followers on X as to whether they should launch a coin on Solana in honour of joining the network https://lnkd.in/d-VyjDd6 After receiving 5,000 votes on the poll, Kero launched the presale by posting a wallet address, which rapidly accumulated funds eventually totalling nearly 55,000 SOL or about $10.4 million at current prices.
đď¸Check out Blockchain DXBs Crypto & Coffee at 8 we explain this in detail. Also, see slides 1 & 2 we share more information on this. We also look at the top 5 DAPPs working in the Centralized Solana Blockchain. We also take a look at the Top 5 DAPPs on Avalance in todayâs episode
⥠The Hong Kong Securities and Futures Commission warned the public that MEXC had been operating without a license. Official info here https://lnkd.in/dMuAGeBR CoinDesk article here states that last year, regulators in Japan and Germany also alerted consumers the exchange was unlicensed. Also, the SFC said in an emailed statement that âThe SFC will not hesitate to take enforcement action against unlicensed platforms where appropriate,â
đ Faketoshi
- U.K. Judge James Mellor has ruled that Dr. Craig Wright is not the pseudonymous Bitcoin inventor Satoshi Nakamoto. The judgeâs ruling states that Wright is not the author of the Bitcoin White Paper, did not operate under the pseudonym Satoshi Nakamoto, did not create the Bitcoin System, and is not the author of the initial versions of the Bitcoin software. The latest trial, which just concluded this week, began in a UK courtroom on February 5. Info via Decrypt here https://lnkd.in/dBnbPq2G
đ¨ Does it matter who Satoshi Nakamoto is?
đ Two UAE news (See slides)
⥠DIFC Announces Enactment of New Digital Assets Law, New Law of Security and Related Amendments to Select Legislation
⥠Saudi ArabiaâââGrintafy secures funding from Chiliz to speed up Web3 transition
For slides click hereâââhttps://tinyurl.com/mtyez3d5
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Guest: Dana Matar
Episode Name: Beyond the Trail, Summiting Peaks & Inspiring Lives Through Trail Running
Guest: Dana Matar
Host: RA George (Blockchain DXB)
Contact info for Dana Matar
Instagram: @dana.runsultras https://tinyurl.com/2j4vet9a
Co-founder and director of Peak Sports
Peak Sports website: https://peakssports.com/
Peak Sports WhatsApp group - https://chat.whatsapp.com/JK3wPAZ8mPlLUvTq1FtPPO
Email info@peakssports.com
Women Play Sports featuring Dana Matar: âEndurance Unleashedâ
https://www.youtube.com/watch?v=ssZTQhKGang
Summary of the conversation
14th March- Crypto & Coffee at 8
đBidenflation đś Dogwifhat 4th largest meme coin đ¨Centralization of #BTC by MicroStrategy â South Africa approves 59 crypto licences
đ The Consumer Price Index (CPI), as reported by the Bureau of Labor Statistics, climbed by 3.2% year-on-year in February 2024, slightly exceeding the 3.1% increase recorded in January and surpassing forecasts which also stood at 3.1%. Month-on-month, inflation rose as anticipated by 0.4%, a quickening on Januaryâs 0.3% pace. The official place to check Inflation is here https://www.bls.gov/news.release/cpi.nr0.htm Bitcoin & Crypto remained unchained BUT based on Jan data Federal Reserve Board chair Jerome Powell will be making a decision on keeping the interest hike or increasing it.
đ¨ The meme coin called dogwifhat (WIF), featuring a dog with a pink beanie, has gained significant popularity during the recent crypto bull market, reaching a market capitalization of $2.6 billion. Community members have successfully raised over $690,000 in USDC stablecoin donations within four days for a campaign to display the tokenâs mascot on the Sphere, an entertainment venue in Las Vegas. This achievement makes dogwifhat the fourth-largest meme coin by market capitalization. However, some analysts caution that the coinâs rapidly increasing price could indicate excessive market speculation. More info via CoinDesk https://tinyurl.com/592zwsfu
đĽ MicroStrategy Plans to Raise $500 Million Through a Private Sale to Buy More Bitcoin. Official info here https://tinyurl.com/ypcu6hwc
đ˘South Africaâs financial conduct regulator, the FSCA, has granted operating licenses to 59 cryptocurrency businesses, as the country moves towards regulating the asset class. In 2022, the FSCA declared crypto assets as financial products, citing the need for regulation to safeguard customers and prevent illicit activities such as money laundering and terrorism financing. This regulation also empowers the central bankâs Financial Surveillance Department to mandate reporting of crypto asset transactions by South African trading platforms. Felicity Mabaso, an executive at the FSCA, announced these developments at a financial sector conference, revealing that 355 license applications were received, with 262 still under review. Via Reuters https://tinyurl.com/3xkr8d8c
đ Two UAE News: (See slides)
⥠Crypto Fight Night boxing event returns to Dubai endorsed by the World Boxing Council (WBC)
⥠Mozn launches new solution within its AI-powered platform FOCAL to reinforce the financial sector
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
13th March- Crypto & Coffee at 8
đ˘ Ethereum âDencunâ upgrade đ¨ CoinShares Completes Acquisition of Valkyrie Funds âĄMakerDAO new tokens âBinance to delist several TrueUSD pairs
đ˘ Scheduled for Wednesday, at around 13:55 UTC (9:55 a.m. ET)Ethereumâs Dencun upgrade combines Deneb and Cancun, aiming to reduce fees for layer-2 networks like rollups. This significant code change, activating EIP-4844 (proto-danksharding), enhances data handling. Originally slated for late 2023, it was delayed due to engineering concerns but underwent successful testing. Enthusiasts plan watch parties to mark the occasion, with communities like EthStaker and infrastructure teams like Nethermind hosting livestreams. Info via Cointelegraph here https://tinyurl.com/mr42t2u9
đ˘ What is the Dencun upgrade? Check out Blockchain DXBâs podcast we explain the following .
What is Dencun?
How does it work?
What is âproto-dankshardingâ?
What about data availability layers (DA)?
& more
Decrypt article states Ethereum L2s Arbitrum, Optimism and Polygon See Gains Ahead of Dencun Upgrade Info here https://tinyurl.com/5cb6w65y
đ´ CoinShares, a European fund manager specializing in digital assets, has completed its acquisition of Valkyrie Funds LLC. This move gives CoinShares sponsor rights to Valkyrieâs new Bitcoin exchange-traded fund (ETF) and is part of their growth strategy, with a focus on the U.S. market. CoinShares now controls several funds, including the Valkyrie Bitcoin Fund, and is set to gain around $530 million in assets under management. Info here https://tinyurl.com/ycy95t9n & via Valkyrieâs Twitter here https://tinyurl.com/yj8jakkn
â With the move, CoinShares is set to gain around $530 million of assets under management across four funds.
đ˘ NewStable and NewGovToken
â Binance will remove and cease trading on the following spot trading pairs:
RPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, PENDLE/TUSD Notice of removal was given to users here https://tinyurl.com/5hbzp8nc Cointelegraph article here states The TUSD stablecoin has faced many issues since the fourth quarter of 2023. On Oct. 17, the team behind the stablecoin announced a potential leak of certain Know Your Customer and transaction history data of its users after a third-party vendor was breached. https://tinyurl.com/y5a7bpub
đ Two UAE news
⥠Animoca Brands and King Abdulaziz City for Science and Technology (KACST) join hands to launch Web3 hub in Saudi Arabia
⥠Abu Dhabiâs Mubadala, G42 launch technology investment company MGX
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
12th March- Crypto & Coffee at 8
đĄ Billionaires buying more BTC đ¨ Coinbase vs SEC â MetaMask is testing a Mastercard payment card
đľ MicroStrategy, led by Bitcoin advocate Michael Saylor, has purchased an additional 12,000 BTC using the proceeds from its Convertible Senior Notes. With this acquisition, the software firm now holds a total of 205,000 BTC, valued at approximately $14.7 billion. They acquired, the latest batch of BTC for ~$68,477 per coin, Saylor said in a post on Twitter here https://tinyurl.com/2fdbzne9
đĄ A few days ago BitMEX data here revealed that BlackRockâs IBIT currently possesses close to 198,000 BTC, surpassing the holdings of MicroStrategy. Excluding Grayscaleâs GBTC, the newly launched Bitcoin ETFs collectively hold assets valued at $28 billion as institutional demand continues to drive the cryptocurrency upward. Info via Cointelegraph here https://tinyurl.com/mv9hjj8p
â Bitcoin was a movement towards the separation of Money and the State but looks like the role of the state has been replaced by Billionaires, Multimillionaires & Early Adopters.
đ¤đťBreaking the Law đ¤đťBreaking the Law
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission, accusing it of arbitrary behaviour in denying the companyâs petition for crypto rules. The lawsuit seeks clarification on the SECâs oversight of the industry and its refusal to provide specific regulations. While not directly linked to Coinbaseâs ongoing legal battle with the SEC over alleged unregistered securities trading, both cases highlight the SECâs reluctance to define crypto securities. Coinbase is urging the court to compel the SEC to start new rulemaking or provide a clear explanation. The SECâs track record in crypto-related cases has been mixed, with wins and losses in court battles. The outcome of these legal disputes could significantly impact the regulation of the crypto industry. Official filing here https://tinyurl.com/38z46fa4
đď¸ Paul Grewal has put a series of 7 tweets here https://tinyurl.com/bddraw2t . Check out Blockchain DXB Crypto & Coffee at 8 podcast we use OpenAI chatGPT4 to analyse his tweet
đ˘ MetaMask and Mastercard have partnered to test the first blockchain-powered payment card, issued by Baanx Group Ltd. This card allows users to spend cryptocurrency for everyday purchases and is usable wherever traditional cards are accepted. According to marketing materials reviewed by CoinDesk, MetaMask claims it to be the first entirely on-chain card, representing a milestone in crypto adoption. MetaMask is the biggest self-custody wallet with more than 30 million monthly active users, while Mastercard provides key plumbing in the conventional financial system through its credit- and debit-card network spanning the globe. CoinDesk here https://tinyurl.com/mrx4kx7k
đ Two UAE news (See slides for more info)
⥠Dubai Police HQ Adopts Cardano Blockchain
⥠UAEâs AI office signs agreement with UNDP
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
11th March- Crypto & Coffee at 8
đ˘ Ethereum Hardfork for quantum attack đ¨Grayscale, Coinbase + SEC discuss SPOT Ether ETF â Binance to cease all Nigerian naira đĄ Massachusetts Institute of Technology + Harvard University Accelerator
đ˘ Vitalik Buterin has published a post on âHow to hard-fork to save most usersâ funds in a quantum emergencyâ. He discusses what would happen if a âquantum emergencyâ 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.
đ¨ 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
â 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 Nigeriaâs previous crypto growth, with the central bank already banning financial institutions from servicing exchanges two years ago. Official info here https://lnkd.in/dTP2Tqm8
đĄ 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 acceleratorâs first cohort. Info via The Block here https://lnkd.in/d2qzKwrX
đ Two UAE news- (See slides)
⥠UAEâs RAK DAO and Tencent Cloud ink deal to boost crypto startups.
⥠SDAIA | سداŮا empowers over 1,900 women with Data and AI certifications
For slides click here https://tinyurl.com/mrxppsff
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Guest: Markose ChenthittaHost: RA George
Date: 06th March & Time: 10:30 am GST
1st Podccast session with Blockchain DXB May 2023- Link here https://tinyurl.com/mwwy3yz7
Contact information
Crypto with Coffee
Society X
Summary of the Conversation
Thank you for the podcast
07th March- Crypto & Coffee at 8
đ¨ ORCA vol > UNISWAP đ El Salvador BTC at $50M Profit đ§ĄBitcoin ETFs to Retirement Portfolios đś Bitcoin Ordinals flip Ethereum đ˘ Ethereum and Solana Staking ETP
Check out Blockchain DXBs Crypto & Coffee at 8 for commentary on macro level news and see slides 1 & 2 below for a global snapshot of the crypto market such as #stablecoins #Defi #trading vol.
El Salvador
đ§Ą Since becoming legal tender in El Salvador in 2022, Bitcoinâs value has surged, transforming the countryâs holdings. President Nayib Bukeleâs initiative to buy 1 BTC daily has resulted in the accumulation of around 2,380 BTC, valued at approximately $158.5 million. With Bitcoin reaching a new all-time high on March 5, the value of El Salvadorâs holdings soared to $164.7 million, exceeding its initial investment by 53%. The average purchase price per BTC was $44,300.
â El Salvador remains a lone wolf among nation-states by adopting a âBitcoin standard.â info Cointelegraph here https://lnkd.in/eFScui5y
đ The Arizona State Senate is reviewing a proposal to promote the inclusion of Bitcoin exchange-traded funds (ETFs) in two state retirement portfolios. After passing the Senateâs Third Reading with a 16â13 vote on Feb. 22, the resolution is under House review. If approved, the proposal would encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore incorporating Bitcoin ETF exposure in their investment portfolios.
The Bitcoin retirement resolutions were first introduced and read by tSenate on Jan. 30, 2024. Official info here https://lnkd.in/ev4w_gYm
đĄ Bitcoin Ordinals-based NFT collections surpassed Ethereum NFTs in weekly sales after a spike in volume led by the collection called NodeMonkes. The sales of Bitcoin NFTs recorded $169.5 million in volume, representing an increase of 80% week-over-week. Ethereum, the top blockchain in all-time NFT sales, had $162 million in the same week.
- Uncategorized Ordinals â NFTs that are not part of any collections â had the most sales, with $43 million in volume across 47,000 transactions. The NodeMonkes collection followed in second place, with $41 million in sales volume. info via Cointelegraph here https://lnkd.in/e42Wns8V
đ˘ Figment Europe and Apex Group Ltd will launch Ethereum and Solana staking exchange-traded products (ETPs) on the SIX Swiss Exchange. The ETPs aim to provide institutions with convenient access to staking rewards through traditional brokers or banks. The ETPs are designed to offer institutions convenient access to staking rewards through traditional brokers or banks. Info via The Block https://lnkd.in/eU2XFWus
đ Two UAE news (See slides)
⥠Emirati businesswoman set to transform real estate investment in the UAE Sarah Sajwani PropShop Real Estate
⥠Ministry of Tourism of Saudi Arabia vision for excellence and sustainable growth with UiPath AI and automation
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06th March- Crypto & Coffee at 8
đ´BRICS nations Blockchain payment system đ¨SEC vs Binance USA, ShapeShift Settles SEC Charges đĄCoachella to release NFT
đ´ Kremlin announces creation of blockchain-based payment system in BRICS
- The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, are collaborating on a blockchain-based payment system to reduce reliance on the US dollar. The system, as per Kremlin aide Yury Ushakov, aims to facilitate cost-effective and politically neutral payments for governments and individuals. By promoting settlements in national currencies and enhancing correspondent banking networks, the initiative seeks to bolster the role of BRICS countries in the global financial system and reduce dependence on the dollar for international transactions. Info via TASS here https://lnkd.in/dJEaszhC
Details of the payment system, such as whether BRICS will develop its blockchain or use an existing platform, were not disclosed by the Kremlin.
U.S. Securities and Exchange Commission đ Binance.US
Binance.US, is facing scrutiny from the U.S. Securities and Exchange Commission (SEC) over its handling of customer assets and other critical aspects of an ongoing investigation. The SEC claims that Binance.US, operated by BAM Trading Services, has failed to provide adequate responses to requests for information regarding customer asset custody. In a joint status report filed on March 5, the SEC requested court intervention to expedite the discovery process. Info United States District Court for the Southern District of California here https://lnkd.in/dA5JZsv7
Central to the SECâs investigation is whether employees of the non-U.S. arm of Binance maintained access to Binance.US customer assets. The SEC claimed Binance.US has failed to prove that it didnât have access to private keys or other forms of access to customer assets.
đľ ShapeShift đ SEC Settlement
â In a filing on Tuesday, the SEC indicated acceptance of a settlement offer from ShapeShift, including a $275,000 fine and an agreement to comply with the Securities Exchange Act moving forward. ShapeShift had offered approximately 79 crypto assets to customers, including those considered investment contracts, though specific digital assets were not named in the filing. Filings here https://lnkd.in/dpk__yyA
đ¨Coachella and OpenSea launch NFTs with music festival utility and keepsakes. The NFTs can be turned into real-life VIP experiences, exclusive merchandise and digital collectables. They will have three unique NFT collections serving as all-access passes to some of the festivalâs most exclusive on-site experiences and merchandise.
đ Two UAE news (See slides)
⥠Nexo Secures Initial Approval to Offer Digital Asset Services in Dubai
⥠Saudi Arabia attracts $10 billion to build data centres
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05th March : Crypto & Coffee at 8
đBitcoin đShiba Inu ECashđ, Ethereum ETF updateâ US Government controls 1% of BTC đ¨ Taiwanâs new digital currency law⥠Coinbase Glitcheâ
đ´ The US government persists in seizing Bitcoin, now controlling close to 1% of the circulating supply. Substantial seizures from Bitfinex hackers contribute to the governmentâs growing stockpile. Edward Snowden anticipates significant government involvement in the Bitcoin market. Through a series of seizures and asset forfeitures, the federal government has amassed enough Bitcoin to rank among the largest whales in the market. Info via Bitcoin Magazine here https://lnkd.in/dTqHHz2K Check out Blockchain DXBâs Crypto & Coffee at 8 we share our commentary on this
đ˘ ETF update
đŠ The Security Exchange Commission has postponed its verdict on numerous spot Ethereum ETF applications, including those from Fidelity Investments, Invesco US, and Galaxy Digital. Bloombergâs ETF analyst, James Seyffart, CFA, CAIA, foresees ongoing delays until May 23, marking the ultimate deadline for VanEck and Cathie Woodâs ARK Investment Management LLC to submit their applications. Both applications were lodged on September 6, 2023. We strongly recommend following James Seyffart, CFA, CAIA via Twitter here https://lnkd.in/dR5xNfB7 for the latest update The only date that matters now is May 23rd 2024
đľ Taiwan
- According to a March 4 report by UDN, the Financial Supervisory Commission (FSC) of Taiwan has disclosed its intention to introduce a new draft of digital asset regulations by September 2024. Huang Tien-mu, the FSC chairman, stated that the forthcoming draft bill will focus on establishing more robust regulations for digital asset markets and ensuring investor safety.
đľ He also cautioned investors of the potential fraud risks associated with digital currencies and warned that strict administrative penalties will be imposed on merchants trying to defraud investors More info here https://lnkd.in/dZDKhCVJ
đ´ Coinbase Glitch
â Coinbase experienced another glitch during volatile Bitcoin price action, sparking criticism from the crypto community. This follows a similar incident less than a week ago where users saw $0 balances. Despite assurances that funds were safe and trading unaffected, concerns arose as some users again reported zero balances. Developers swiftly worked on a fix, but criticism on Twitter highlighted frustration with Coinbaseâs recurring technical issues.
đ Two UAE news (See slides)
⥠Tsangs Group Forges Strategic Partnership with Peregrine Ltd in Abu Dhabiâs Financial Hub
⥠King Saud University pioneers in metaverse technology
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04th March : Crypto & Coffee at 8
đ¨ Binance FDUSD vol > Circle USDC đ Bitcoin daily withdrawals = $2B, â UK Law to Seize Crypto Assets đľIndonesia wants better taxation đ˘ Nigeria Detains Binance Executives
Stablecoin volume is $82.66B out of $95.51 via CoinMarketCap See slides 1 & 2 BinanceFDUSD volume has overtaken Circle USDC 24-hour volume. Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts for more info on this
đ´ James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged multibillion-dollar BTC withdrawals via his post on Twitter here https://lnkd.in/dn4YFvWi Just over $2.3B worth of #Bitcoin left exchanges. One of the biggest withdrawals in over 5 years.
â Bitcoin leaving exchanges = HODL = More Demand = Higher Price
đ´ Starting April 26, 2024, UK law enforcement will gain more power to seize crypto assets linked to crime, including terrorism. This follows approval of secondary legislation under the Economic Crime and Corporate Transparency Act 2023. The provisions enable authorities to freeze and confiscate such assets, including through civil recovery and crypto asset confiscation orders.
- More info via CoinDesk here https://lnkd.in/dbmAA27B
đĄ But how will law enforcement freeze and confiscate crypto assets associated with criminal behaviour?
đĄ $20 Baton test and one may easily spil the private keys?
đ´ An official from Indonesiaâs crypto regulator, Bappebti, has urged the Finance Minister to reconsider tax rates for digital assets. Currently, cryptocurrencies are treated as commodities and are subject to value-added tax (VAT) and income tax. However, with crypto oversight transferring to the broader financial services regulator OJK in 2025, thereâs a call for tax review. Tirta Karma Senjaya from Bappebti highlighted the need for this review, noting that tax regulations typically undergo annual checks, emphasizing the evolving nature of the crypto landscape. More info via Bisnis Indonesia Group here https://lnkd.in/dmYJb64w
đ´ Nigerian authorities are intensifying their investigation into Binance, demanding access to customer data and probing whether the crypto exchange is involved in terrorism financing and money laundering. The detention of two Binance executives marks a serious escalation in the dispute between the Nigerian government and the exchange, leading to the blocking of Binanceâs website in Nigeria and prompting some users to turn to alternative platforms for trading Info via DLNews here https://lnkd.in/d9Au2k4R
đ´ The Binance website is no longer accessible to Nigerians and some users have reported moving their trading activity to alternative platforms like KuCoin and Bybit.
đ Two UAE news
⥠IOTAâs UAE-based Ecosystem Foundation has committed $10 million to startups in the UAE and Africa.
⥠Abu Dhabi sovereign fund to invest space tech, AI this year
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Episode Name: Redefining Limits: Rajeev Kumar's Journey through OCR, Hybrid Fitness, and Beyond
Host: RA George (Blockchain Podcast)
Guest: Rajeev Kumar
Date: 27th Feb & Time: 19:00 GST
Instagram @raje3vkumar https://tinyurl.com/4c5w8934
Summary of the conversation
Thank you for the podcast. For feedback and suggestions, send us an email to info@blockchaindxb.com
29th Feb : Crypto & Coffee at 8
đStablecoin /Tether.to USDTđSpot Bitcoin ETF new record đĄ U.S. Gov Transfers Nearly $1B of Hacked BTC âGameStop memecoin? Shiba IBU privacy tech
đ¨Trading volumes for the ten new U.S. Bitcoin ETFs have surged to a new record, more than doubling their previous high set just days ago.
đ According to data shared by Bloomberg ETF analyst James Seyffart, CFA, CAIA on Twitter ( X ) here https://lnkd.in/d2MbXE7Q, the ten ETFs collectively amassed a staggering $7.69 billion in trading volume on Feb. 28. This marks a significant increase from the previous record of $4.66 billion in volume observed on the fundsâ launch day on Jan. 11.
đ BlackRockâs iShares Bitcoin ETF (IBIT) notably dominated the trading activity, accounting for 43.5% of the total volume. IBIT saw $3.35 billion in trading volume, doubling its previous daily record.
đŚ U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker info via CoinDesk here https://lnkd.in/dCU67Ejy
U.S. government crypto wallets, containing bitcoin seized from the Bitfinex hack, have become active. Nearly $1 billion worth of bitcoin has been transferred from these wallets to unidentified addresses in four transactions within two hours. The motive behind these transactions is unclear, and the U.S. government has not provided immediate comment. The bitcoin movement coincided with a volatile day of trading in the cryptocurrency, with its price reaching $60,000 for the first time since November 2021, then climbing above $64,000 before abruptly dropping to just above $59,000. As of the time of reporting, the bitcoin price was fluctuating just above $60,000, with its all-time high being around $69,000 set in late 2021.
â GameStop Memes (GMS), a project inspired by the success of Wall Street Memes (WSM) token, reportedly raised $4 million from investors, according to a post on its official X account on Feb. 14. However, some investors have raised concerns, alleging that the project operates as a never-ending presale, collecting investorsâ crypto without providing promised tokens in return.
đĄ The Shiba Inu ecosystem is set to introduce a new privacy layer powered by the TREAT token, enhancing privacy for SHIB token holders. Collaborating with cryptography firm Zama, developers aim to create a privacy-focused network atop the Shibarium blockchain. This initiative aims to bolster the value proposition of SHIB tokens by providing improved privacy features. More info via CoinDesk here https://lnkd.in/d8CBzs9f
đ Two UAE news (See slides)
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse 15/03 by Blockchain DXB
⥠Saudi ArabiaâââGlobal Hub for AI
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28th Feb : Crypto & Coffee at 8
đ¨Republican Lawmakers Plan to Ban CBDC in the U.S. đ Strike Rolls Out Services to Africa đ˘ OKX Launches in Turkey
đ´ đ Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd and Mike Braun filed a bill titled âThe CBDC Anti-Surveillance State Act.â
đđź Republican lawmakers, led by Senator Ted Cruz , introduced âThe CBDC Anti-Surveillance State Actâ to block the implementation of a central bank digital currency (CBDC) in the U.S. They fear CBDCs could infringe on personal privacy. Despite being a campaign issue, President Bidenâs administration has not taken a stance. The Federal Reserve is in the initial research stages, with Vice Chairman Michael Bar noting that any progress would need approval from The White House and Congress. Former President Trump vowed to ban CBDC creation, highlighting partisan division. Bill here https://lnkd.in/dPSgp-nY
- Sec 6 talks aboutâââPROTECTION FOR OPEN, PERMISSIONLESS, AND PRIVATE CURRENCY (Cash)
đ´ đ The legislation is endorsed by Heritage Action for America (HAFA), the Blockchain Association, the American Bankers Association (ABA), the Independent Community Bankers Association (ICBA), and Club for Growth
(CFG).
đď¸ Check out Blockchain DXBs Crypto & Coffee at 8 podcast where we share our commentary on this. Also, see slides below for a global market snapshot that includes #Defi #stablecoins #tradingvolumes & more
đ¨ Strike is expanding Bitcoin services into Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia. They are launching the first full-featured region outside of the US, giving customers local fiat on & off-ramps, buy and sell bitcoin, buy and sell USDT, and more in Africa. Official info via blog post by Jack Mallers here https://lnkd.in/dHG4tJx5
đ¨ STRIKE users in the US can now instantly send money to their family home in Africa that is received as USDT, which they can then exchange for bitcoin or cash out to local currency as theyâd like.
â Can Rippleâs XRP do something similar?
đ˘ OKX launches OKX TR, a platform tailored for Turkish users, offering a seamless trading experience. The platform integrates Turkish Lira fiat on-ramp, deposits, and withdrawals through collaboration with prominent Turkish banks including Fibabanka, VakÄąfBank, Ziraat BankasÄą, İŠTĂźrkiye İŠBankasĹĹĹ, Ĺekerbank T.A.Ĺ., and TĂźrkiye Finans KatÄąlÄąm BankasÄą. OKX TR provides a wide selection of major cryptocurrency pairs like USDT/TRY, BTC/TRY, ETH/TRY, along with advanced crypto functionalities, catering to both novice and experienced traders with an easy-to-use interface. Official info here https://lnkd.in/d4WWWmCi
đ Two UAE news (See slides)
âĄFastex announces the opening of Its new office at Dubai World Trade Centre One Central
⥠dubai judicial institute Ů
ŘšŮŘŻ دب٠اŮŮ؜ا،٠(DJI) strengthens its platform in the Metaverse
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27th Feb : Crypto & Coffee at 8
đ Bitcoin đGlobal Marketđ Fake digital yuan app, âBitForex goes offline as $57M Withdrawn đ´HTX Withdraws HK application
đ Bitcoin surged past $57,000 as its rally gained momentum. Record volumes were seen in spot ETFs on Monday, coinciding with a 6% rise in bitcoinâs value during U.S. trading hours. This upward movement in bitcoin prompted significant activity in U.S.-based spot bitcoin ETFs, excluding Grayscaleâs GBTC, which collectively reached a new peak with $2.4 billion in trading volume on Monday, as reported by Bloomberg. analyst Eric Balchunas via Twitter (X) here https://lnkd.in/dYcEr8hp
âData from Coin Glass, short positions have incurred losses exceeding $180 million since Sunday. However, open interest surged from $48 billion to nearly $54 billion, indicating an increase in bullish positions as traders anticipated heightened volatility. Updated info here https://lnkd.in/d8N4CQPY
â A counterfeit digital yuan application has been exposed, as stated in a WeChat post attributed to the Chinese Ministry of Industry and Information Technology. The malicious download closely mimics the official version but exhibits subtle disparities.
In addition to promising financial gains, the counterfeit app is capable of
gathering sensitive user data and offers bogus customer support, directing
users to unfamiliar social platforms to facilitate the unlawful seizure of
their funds, the ministry disclosed. Info here https://lnkd.in/d_w4hcQ8
đĄ BitForex, a cryptocurrency exchange, has gone offline following the withdrawal of $57 million from its hot wallets on Feb. 23. Withdrawals have ceased, and the BitForex team is unresponsive to user requests. The website displays a message stating that users have been blocked. It is uncertain whether a hacker breached the hot wallets or if the team voluntarily halted withdrawals. Info via CoinDesk here https://lnkd.in/dh3MCr6j
đ¨ HBGL Hong Kong Limited, a subsidiary of HTX (previously Huobi), withdrew
its application for a virtual asset trading license from Hong Kongâs securities
regulators on February 23. The withdrawal came just three days after the
application was submitted, as stated on the Securities and Futures Commission website. Last June, Justin Sun had anticipated that HTX could obtain a crypto trading license in Hong Kong within 6 to 12 months, as reported by CoinDesk. Info here https://lnkd.in/d48Y-vcj
Two UAE news (See slides)
⥠Saudi Arabia launches innovative metaverse platform
⥠Web3 is just hype a new podcast series by Blockchain DXB
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26th Feb : Crypto & Coffee at 8
đ DeFi TVL $83.37B đ Uniswap Jumps 60% âAvalanche suffered outage đ¨ Reddit, Inc. IPO unveils Crypto holdings đ´ President Donald Trumpâs Crypto Portfolio
đ DeFi TVL $83.37B but the 24-hour volume is extremely low. Over the last 130 days, the value locked in defi has expanded by more than $42 billion. While all other metrics for Defi are the same, the only reason why TVL đ is in anticipation of Spot Ethereum Approval. Check out Blockchain DXBâs Crypto & Coffee at 8 podcast. We give our commentary on this
đ¨ Uniswap Labs: UNI, the governance token of Uniswap, surged by 60% following a proposal for a major overhaul in decision-making protocols. The upgrade suggests distributing protocol fees among UNI holders who stake and delegate tokens, aiming to strengthen and revitalize Uniswapâs governance. This proposal also intends to reward UNI token holders who actively participate in staking and delegation activities, enhancing overall governance effectiveness. Info via CoinDesk https://lnkd.in/dTVnjcWZ
â Avalanche
- On Friday, Avalanche, a layer-1 blockchain, experienced a significant outage lasting over four hours due to a software bug. The interruption occurred because excessive communication, termed âgossip,â among validator nodes overloaded the network. Developers promptly released a software patch that disabled this problematic logic, allowing the network to resume block finalization four hours later. This incident mirrors a recent outage on the Solana blockchain and underscores the challenges faced by blockchain networks in maintaining uninterrupted operations. Avalanche, resumed block finalization four hours after a software bug caused a network outage on Friday. You can see updated info here https://lnkd.in/d3tz8W5x
đĽ Reddit, Inc. has disclosed in a filing with the U.S. Securities and Exchange Commission here https://lnkd.in/dAvkD9qN that it has added Bitcoin and Ethereum to its balance sheet as part of its preparations to go public. The filing also revealed that Reddit has invested in Polygon to use as a form of payment for virtual goods. However, the filing did not disclose the specific amount of cryptocurrency investments made by Reddit. More info via Decrypt here https://lnkd.in/dQBNqTwr
đ´ Former President Trumpâs cryptocurrency holdings, including TRUMP tokens gifted by developers, have surged in value to around $5.38 million. His TRUMP tokens alone are worth nearly $3 million, with a 44,309% increase since 2023. Trumpâs interest in NFTs and crypto ventures is growing, but itâs uncertain if heâll sell his TRUMP tokens due to legal concerns regarding his nameâs use in crypto projects.. Info via NEWSBTC https://lnkd.in/dRGsndGa
đ Two UAE news (See slides)
⥠DKK Partners Gets Green Light for Crypto in Dubai
⥠4th Dubai Association Centre Conference set to tackle AI and legacy issues
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22nd Feb : Crypto & Coffee at 8
đĽ $USDC Is Quitting TRON đ˘ MetaMask boosts Security âBinance Potential Ban In Philippines & Backlash from Nigerian Investors â
đĽ Circle is discontinuing support for USDC on the TRON blockchain in a phased transition. Effective immediately we will no longer mint USDC on TRON. Circle will support Circle Mint customersâ transfer(s) of USDC to other blockchains through February 2025. As Circle only serves business and institutional customers, retail users and other non-Circle customers can move their USDC on TRON to an exchange or distributor where it can be transferred to another blockchain where USDC is supported. Info here https://lnkd.in/dmyH3TVf Who made this decision thoughâââA Centralised team or the community?
đĽ Circle consistently evaluates the compatibility of all blockchains hosting USDC. The choice to cease USDC support on TRON reflects a comprehensive approach undertaken across our business organization, compliance, and other operational sectors. This decision is in line with Circles commitment to maintaining USDCâs reputation as a trusted, transparent, and secure regulated digital dollar, solidifying its position as the premier option on the internet.
đ˘ MetaMask is expanding its default security alerts to encompass users on web extensions and mobile apps across various blockchains, including Ethereum, Linea, BNB Smart Chain, Polygon, Arbitrum, Optimism, and Avalanche. This move follows a period of significant user growth, with monthly active users increasing from 19 million in September 2023 to 30 million in January 2024, partly fueled by partnerships with platforms like Robinhood. The security alerts were initially introduced on the Ethereum mainnet via an extension on Jan. 29, 2024, providing users with warnings during transactions to identify and caution against potential threats, thus aiming to enhance overall security for its expanding user base. Info ->https://lnkd.in/dYA5MbCr
đ´ Binanceâs operations in the Philippines are in jeopardy as regulators evaluate the possibility of banning the exchange for operating without a license. The Securities and Exchange Commission is considering the impact of such a ban on Filipino accountholders and is working with other government agencies on the procedure. The Securities and Exchange Commission, Philippines told DL News it is still evaluating the situation. Info here https://lnkd.in/d9K6j42c
đ´ Binance set a limit on how much Naira traders can exchange for USDT, upsetting many local investors. This move stops traders from making transactions above a certain rate. It happened as Nigeriaâs currency, the Naira, keeps losing value compared to the US dollar and British pound. Info via Binance Africa here https://lnkd.in/d2uh7x7n info via DailyCoin here https://lnkd.in/dpyCZYxy
đ Two UAE News (See slides)
⥠Dubai: How will crimes be investigated in the metaverse?
⥠Cisco announce AI Readiness Index in Saudi Arabia
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21st Feb : Crypto & Coffee at 8
đ˘ Ethereum đ Turkeyâs 1st Phase of CBDC đ¨ Hong Kong regulators on Tokenization â Binance shuts down multiple leveraged token servicesâ
đ˘ Ethereum ( First World Computer)
â Digital Turkish liraâââFirst Phase
The digital Turkish lira was designed as an intermediated retail CBDC. Full report here http://tinyurl.com/mk2wf7ff
â This inaugural phase of the project focused on several key components, including the digital identity system, digital currency system, abstraction layer, service layer, and wallet. Notably, the abstraction layer was designed to facilitate system modularity. Commencing in 2021, the first phase of the project saw the CBRT conducting its initial trial transactions with the digital Turkish lira in 2022.
đĽ The Hong Kong Monetary Authority (HKMA) issued letters to authorized institutions regarding tokenization and custody of digital assets.
In one letter, the HKMA outlined standards for custody of customer assets, aligning with international practices, applicable regardless of whether AIs offer standalone services or engage in other activities.
âŚď¸ The second letter addressed the sale and distribution of tokenized products not regulated under the Securities and Futures Ordinance, emphasizing compliance outside the Securities and Futures Commissionâs requirements.
âŚď¸ Overall, the letters aim to provide guidance on managing digital asset custody and tokenized product offerings within Hong Kongâs regulatory framework.
âŚď¸ The HKMA is supportive of AIsâ initiatives on tokenisation and is encouraged by the progress the industry has made so far.
âLetters here http://tinyurl.com/yehjkuay
đ¨ Binance announced the decision to end support for leveraged tokens paired with Tether on Feb. 19. The leveraged tokens affected include BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN. As Binance conducts regular reviews of its product offerings to focus on products that can provide users with the most value and competitive services, Binance will cease support for Binance Leveraged Tokens (BLVT) Official info here http://tinyurl.com/3kj4fcxz
đ Two UAE news (See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 15th March
⥠PESTLER analysis on Bitcoin on 15th March (Political, Economical, Social, Technological, Legal Environmental, Religious )
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20th Feb : Crypto & Coffee at 8
đ¨SEC đ Ripple deadline todayâ Trust Wallet + Biconomy âTorando cash supporters GoFundMe halted đĽ Forbes Permanent in The Sandbox Metaverse
đ¨ U.S. Securities and Exchange Commission vs Ripple
â The February 20th deadline marks a crucial moment in a significant legal dispute concerning Ripple, a cryptocurrency. In July 2023, Ripple achieved a significant victory in the lawsuit; however, the court ruled that certain sales of XRP to institutions should have been registered with the SEC as investment contracts.
đĽ On February 5th, Judge Netburn granted the SECâs motion to compel Ripple to provide certain documents. Ripple agreed to disclose financial statements and respond to the SECâs inquiries by February 12th but requested an extension until February 20th to produce contracts for the sale of XRP to institutional buyers, hedge funds, and ODL customers from a three-year period before. Ripple cited the challenges in collecting and producing these documents by the previous deadline. This disputeâs resolution and the courtâs ruling on regulatory measures could set a precedent for future cases involving digital assets beyond Ripple.
đ¨ Trust Wallet- SWIFT
â Tornado Cash, a major crypto mixer, faces a year-long legal battle with U.S. authorities for allegedly enabling illicit financial activities for sanctioned groups. Co-founders Alexey Pertsev, Roman Storm, and Roman Semenov are seeking support through a fundraiser within their crypto community to fund their legal defence. However, the crowdfunding campaign on GoFundMe, aimed at supporting the co-foundersâ legal defence, has been abruptly shut down. Info here http://tinyurl.com/5n97jkp3
â Important to note that 100% of donations received via their platform have been refunded to donors and will arrive in their bank accounts within 3â7 business days
đ´ Forbes is thrilled to announce its official establishment of permanent land within The Sandbox metaverse. This strategic move not only marks Forbesâ deeper dive into the Web3 space but also solidifies its belief in the transformative potential of the metaverse. This virtual estate will serve as a dynamic community hub, designed to foster interaction, engagement, and collaboration among the Forbes Web3 community. http://tinyurl.com/3s4kt786
đ Two UAE news (See slides)
⥠klipit launches the worldâs first eco-friendly, blockchain-based paperless receipt app in the UAE
⥠Uzbekistan Partners With UAEâs Advanced Technology Research Council to Accelerate Falcon AI Adoption
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Guest: Veejay Jones is a Multiple Spartan World Champion & Youngest champion at the age of 16
Host: RA George (Blockchain Podcast)Date: 15th Feb & Time: 04:00 pm MST
Contact information Veejay Jones
Veejay Jones - @veejay_jones â http://tinyurl.com/3dvkehndâ
RPT Athletic Co @rptathletic â http://tinyurl.com/rrvakf8fâ
Website â https://www.veejayjones.com/â
Facebook - â https://www.facebook.com/veejay.jones.7/â
YouTube- â https://www.youtube.com/@veejay_jonesâ
Last Dance - â http://tinyurl.com/2jbe6cd8â
Summary of the conversation:
Thank you for the podcast. For feedback or suggestions send us en email to info@blockchaindxb.co
19th Feb : Crypto & Coffee at 8
đWorldcoin to the đ Coinbase removes #Bitcoin paymentsâ Uniswap to Launch V4 đŚNew Zealand Central BankâââGrim Warning on Stablecoins
đ World App, the first wallet built for the Worldcoin project, passed 1M daily users last week this has positively impacted the price of WLD which is up by 166% since the last 7 days
â WLD is the native token of Worldcoin, an iris-scanning blockchain solution Altman touts as the futureâs largest financial network and decentralized identification ledger. The protocol launched in July 2023 received pushback in some jurisdictions, primarily due to privacy concerns. Check out Blockchain DXBâs Crypto & Coffee at 8 we share our commentary on this, we also give a full in-depth onâââWhat Is Worldcoin (WLD)? -Who Are the Founders of Worldcoin? -What Makes Worldcoin Unique? -Total supply of WorldcoinâââHow Is the Worldcoin Protocol Secured?
đ´Lauren Dowling, product lead for Coinbase Commerce mentioned via Twitter the company âmade the difficult decision to remove native Bitcoin & other UTXO supportâ from Coinbase Commerce, citing difficulties in delivering recent updates on its EVM payment protocol for Bitcoin. Series of tweets here https://lnkd.in/dCmUxwnz
đ¨ Lightning Network Lightning is years away from mainstream adoption, she also stated they are evaluating support for other payment rails like the Lightning Network and Solana and welcome any feedback.
đ¨ Uniswap V4 The Uniswap Foundation has announced that the launch of Uniswapâs version 4 protocol is tentatively scheduled for the third quarter of this year. The release of V4 will bring a more modular structure to Uniswap, incorporating features such as hooks for customization and a âflash accountingâ system for lower fees. The timeline for the launch depends on the implementation of Ethereumâs upcoming Dencun hard fork in March. âThe roadmap below reflects a comprehensive plan Phase 1: Code Freeze (in progress) Phase 2: Auditing and Testnet Phase 3: Launch Push Info via Twitter/X here https://lnkd.in/diYzYyEi
đŚ On February 12, New Zealandâs central bank governor, Adrian Orr, slammed stablecoins, noting that they cannot replace traditional money. He said âStablecoins are âthe biggest misnomersâ and âoxymorons,ââ Orr stated. âStablecoins are not stable. Theyâre only as good as the balance sheet of the person offering that stablecoin. Mostly in that what is advertised on the tin is not what is in the tin for these purported alternatives to central bank cash.â We at Blockchain DXB 100% agree to this. He explained that BTC could be used for any other purpose but as a compliment to central bank money. The governor spoke at a parliamentary committee. Info via Bloomberg https://lnkd.in/djrNu-4i
đ Two UAE news (See slides) ⥠NFT Workx Incorporates in Abu Dhabi Global Market (ADGM) ⥠UAE SIGNS AI AGREEMENTS WITH AUSTRIA, MONGOLIA AND COLOMBIA
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Title: Saudi Arabia: AI Frontier
Description:Welcome to "Saudi Arabia: AI Frontier," your gateway to the cutting-edge developments in Artificial Intelligence within the Kingdom of Saudi Arabia. Join us on a journey through the exciting world of AI as we explore its transformative impact across various industries, its historical evolution, ethical considerations, and future trends. Hosted by George from Blockchain DXB, this podcast series delves deep into Saudi Arabia's AI initiatives, research, and innovations, providing insights from leading experts and policymakers.
Episode 1: Unveiling the AI Landscape
Introduction:In the inaugural episode of "Saudi Arabia: AI Frontier," host George from Blockchain DXB introduces listeners to the podcast's mission of exploring AI developments within Saudi Arabia. The episode sets the stage for the series by highlighting Saudi Arabia's ambitious Vision 2030 initiative and its focus on leveraging AI to drive innovation and economic growth.
Key Highlights:
Segment Highlights:
Ethical Considerations:
Challenges and Limitations:
Future Trends:
Conclusion:As the episode draws to a close, George reflects on the key takeaways and insights gained, emphasizing the importance of ethical AI practices and responsible innovation in Saudi Arabia's AI journey. He expresses gratitude to listeners, guests, and sponsors for their support and invites them to stay tuned for future episodes.
Closing Remarks:George signs off, leaving listeners with a message of optimism for Saudi Arabia's AI future and a reminder to subscribe to "Saudi Arabia: AI Frontier" for future episodes.
For AI Prompt click here
For a Podcast speech written by chatGPT4 click here
AI Voice cloning software suggested by chatGPT4 in this episode used is Descript
Host: RA George (Blockchain DXB Podcast)
Guest: Ryan Atkins, Canadian Endurance athlete, climber, cyclist, OCR, World Champion. Passionate about being outside & pushing boundaries and redefining limitsDate 13th Feb, 07:00 pm EST (04:00 am GST)
Contact details for Ryan Atkins
Instagram: @ ryanatkinsdiet â http://tinyurl.com/2xt24w3hâ
Facebook â http://tinyurl.com/37dj6rvmâ
Noxcoach â https://nox.coach/â
Summary of the conversation:
Thank you for the podcast. For feedback or suggestions send us an email to info@blockchaindxb.com
15th Feb : Crypto & Coffee at 8
đ Bitcoin market cap $1T, đ´ Federal Reserve Board needs Stablecoin bill đ¨ EtherRocks Hit Sothebyâsâ đš Chainalysis, Fireblocks + Gauntlet on Forbes fintech listâ
đ Bitcoin crosses $51k, SEI the biggest gainer & Solana > Binance. See slides 1 & 2 below for global crypto market snapshot
đşThe biggest gainer SEI & SEI token has surged 25% in the past week. The reason is that The Sei v2 Public Devnet was launched. Sei blockchain gets a major upgrade, making it easier for developers to build applications. Info here https://lnkd.in/e_HSaFvp
The high-speed Sei blockchain has launched its second Devnet iteration, introducing a key feature for developers. Now, they can deploy code compatible with the Ethereum Virtual Machine (EVM) directly on Sei. This means developers familiar with Ethereum development can easily write and deploy their applications on Sei, potentially expanding the blockchainâs ecosystem and attracting more users.
đĽ Legislative framework for stablecoins
âŚď¸ Fed chair Jerome Powell said âWe need a framework for stablecoinsâ and he is âvery supportive and am glad that we are close,â Important to note this is according to a person in the room granted anonymity to provide the Fed chairâs quotes from the closed-door meeting.
âŚď¸ Regarding Central bank digital currency Jerome Powel said âif weâre going to have a CBDC, Congress needs to authorize it,â according to the source in the meeting. âWe arenât advocates, but we havenât made a decision to recommend a CBDC to Congress.â
â More info via POLITICO https://lnkd.in/e_xbcKDi
â¤ď¸ Valentineâs day NFT
đ¨ Ether Rock auction goes live on Sothebyâs on February 14, 02:00 PM. Estimate price $500,000âââ$700,000 You can bid here https://lnkd.in/eMbYifTV This PNG was Executed December 25, 2017, this work is unique from a series of 100 & Token ID is 28
đľ The three crypto companies have together raised a total of $2 billion, according to Forbes. three cryptocurrency firms made Forbesâ annual list of 50 innovative fintech companies are Chainalysis, Fireblocks and Gauntlet. To qualify for consideration, companies had to be privately owned and based in the U.S. List here https://lnkd.in/eRiW3MCM
đ Two UAE news (See slides)
⥠Bybit and DMCC (Dubai Multi Commodities Centre) Continue to Trailblaze the Future of Crypto and Web3
⥠Dubai: OpenAI CEO wants to organise AI summit in UAE
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14th Feb : Crypto & Coffee at 8
đĽCPI Number: Inflation rises to 3.1% â MicroStrategy rebranding đ˘ Franklin Templeton: Ethereum ETF đ´Trumpâs MAGA Coin đ
đľ The U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all-items index increased by 3.1 per cent before seasonal adjustment. Official information here http://tinyurl.com/2s6ker6t
đĽ How will Bitcoin & and Crypto market react to the news?
đĽ Based on CPI numbers Federal Reserve Board chair Jerome Powell will be deciding to announce the interest rate hike
đď¸Check out Blockchain DXBâs Crypto & Coffee at 8 we share our commentary on this. We also go ahead and explain how Inflation is calculated.
â Michael Saylor, co-founder and executive chairman of MicroStrategy (MSTR), plans to rebrand the company to reflect its focus on accumulating Bitcoin and supporting its network growth. Saylor highlighted the surge in demand for Bitcoin products, particularly driven by ETF-related demand. He strongly feels that the demand for Bitcoin Products Is 10x the Supply. He highlighted the ETF-driven demand surge for Bitcoin, citing its novelty, digital nature, and global appeal. His interview with CNBC is here http://tinyurl.com/mt8vej8d
đŻ However, we at Blockchain DXB believe Saylorâs claim of demand being 10 times the supply aims to artificially boost Bitcoin demand, potentially increasing Saylorâs & Microstrategyâs wealth given their significant holdings. Also, Saylor has a history of providing misleading, incorrect & #fakenews about Bitcoinâs technical aspects.
đ˘ Franklin Templeton has applied for a spot Ethereum exchange-traded fund (ETF), a filing with the U.S. Securities and Exchange Commission (SEC) shows. The asset manager joins BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, who have all submitted applications in recent months. Filing here http://tinyurl.com/yhce2bt9
đ´ $TRUMP is now the 11th largest Meme Coin in the world according to CoinGecko http://tinyurl.com/26p3x2zx
â¤ď¸ MAGA Coin has scored 1054.4% gains in the last 30 day
đ Two UAE news (See slides)
⥠Sui Foundation has collaborated with the UAE-based American University of Sharjah (AUS) to establish the ââAUS-Sui Blockchain Academy
⥠Aquanow Awarded VASP License by Dubaiâs VARA
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13th Feb : Crypto & Coffee at 8
đ˘ Ethereum Network New Validators đ Philippines â
Wholesale CBDC â Retail CBDC Crypto.comâs Formula 1, + UFC partnership paying off
đĽ Crypto Fear & Greed Index = GREEN but will CPI numbers that will be released later in the day impact the price of #BTC & #crypto? Check out Blockchain DXBâs Crypto & Coffee at 8 to get our commentary on it
đ˘ The Ethereum network is experiencing a surge in the number of validators looking to stake their ether (ETH), with over 7,000 validators currently in the entry queue. This backlog is expected to be cleared in just over 48 hours, representing over 225,000 ether ($562 million). Despite the increase in staking activity, the annualized percentage yield on staked ether remains unchanged.
- The waitlist for new Ethereum validators is now the longest since early October.
- The renewed interest in staking is noteworthy as the yield on staked ether remains below 4%.https://lnkd.in/dRQ-WgAe
- Ethereum limits the number of new validators that can join the network per epoch or the time it takes to process blocks on the blockchain. This results in a backlog. An Ethereum epoch is 6.4 minutes long.
More info on this via CoinDesk here https://lnkd.in/dcMPjr8w
â Why is there a surge in the number of validators?
- Spot Ethereum ETF on 23rd May 2024?
đ The Philippinesâ central bank is not considering a retail version of a digital currency due to concerns about potential bank runs. However, it is likely to issue a wholesale central bank digital currency (CBDC) within two years, according to Governor Eli Remolona Jr. The CBDC will not be based on blockchain or digital ledger technology, as other central banksâ experiences with blockchain have not been successful, Remolona stated. More info via INQUIRER.net here https://lnkd.in/dmB2BhrZ In a recent chat with business editors, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the decision was to develop wholesale rather than retail CBDC for the local market. Blockchain or distributed ledger technology wonât be used,
đ¨ Crypto.comâs partnerships with Formula 1 (F1) and the Ultimate Fighting Championship (UFC) have boosted its growth in the cryptocurrency market. President Eric Anziani highlighted these deals, underscoring their role in enhancing global brand recognition. Market surveys by ESPN show strong awareness among retail cryptocurrency users. F1 races averaged 1.11 million viewers per race in the US in 2023, with over one billion global viewers in 2022. Even UFC events have sold millions of PPVs. Overall, these partnerships have expanded Crypto.comâs reach and solidified its position in the industry. Info via CoinDesk https://lnkd.in/dcMPjr8w
đ Two UAE news (See slides)
⥠The Hashgraph Association announces a major strategic partnership with the Ministry Of Investment Of Saudi Arabia
⥠World Governments Summit 2024: UAEâs big bet on Artificial Intelligence (US-UAE Business Council report)
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
12th Feb : Crypto & Coffee at 8
đĽ Fraud Case Against Digital Currency Group â Binance delists Monero â Feb more supply of Aptos, Sandbox, Avalanche, Apecoin & Optimism
đ¨ NY Attorney General Letitia James has expanded a fraud lawsuit against Digital Currency Group (DCG) and Gemini, alleging that they are responsible for $3 billion in investor losses. The initial lawsuit, which claimed that DCG cheated people out of $1 billion, has grown as more investors have come forward with losses related to the defunct Gemini Earn program. She asserts that the companies misled investors by falsely assuring them that their money was safe. She also stated the company is responsible for $3 billion in investor losses tied to the Gemini Earn product and to direct investments with Genesis, according to a new court filing here https://lnkd.in/dKipGY-9
đĄ As many as 230,000 individuals suffered losses totalling up to $3 billion, as revealed by the attorney generalâs investigation. Check out Blockchain DXB Crypto & Coffee at 8 podcasts we share our commentary on this. Also see slides 1 & 2 for a global snapshot of the crypto market.
đ´ Binance delists Monero & the price of Monero is down by over 20% since the last 7 days
- On February 20, 2024, Binance announced the delisting of several tokens, including Monero (XMR), Aragon, Multichain, and Vai. The news of this delisting caused XMRâs value to drop to its lowest point in five months on February 6. Binance will cease all trading pairs involving Monero, which includes pairs with Bitcoin, Ether, Tether, and Binanceâs native coin, BNB. Withdrawals for XMR tokens will no longer be supported after May 20, 2024.
đ¨ Binance stated that its decision to delist these tokens is based on various factors, including their contribution to the health of the crypto ecosystem, ethical conduct, and responsiveness to due diligence requests.
⥠More Aptos, Sandbox, Avalanche, Apecoin & and Optimism are set to flood onto the market this month for the first time. More Supply = Less Demand. Following are some of the key dates when these tokens will issue more coins
- Aptosâââ11th Feb 7.3% (224.82M)
- Sandboxâââ14th Feb 9.19% ($96M)
- Apecoinâââ16th Feb 2.6% ($21.84M)
- Avalanceâââ21st Feb 2.6% ($365.5M)
- Optimismâââ28th Feb, 2.52% ($82.87M)
⥠More info via Decrypt0 https://lnkd.in/da_kpKQH
đĄ Simple Economics: More Supply = Less Demand = Price to go down
đ Two UAE news (See slides)
⥠Institutional Crypto Presence Expands in UAE With $250 Million Digital Asset Platform Bridgetower Capital and Deus X Capital
⥠Dubai Electricity & Water AuthorityâââDEWAâs adoption of generative AI accelerates digital transformation
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08th Feb : Crypto & Coffee at 8
đ˘ #Ethereum Dencun upgrade đĽ Bakkt may not continue đĄMicroStrategy buys more #BTC đĽOKX is allegedly facing a probe in SK
đ˘ Ethereum recently conducted its final practice run for a major upgrade called Dencun. This upgrade introduces a technical feature called âproto-danksharding,â which aims to make transactions cheaper and data storage more efficient. In simple terms, it creates a new way to store data called âblobs.â The successful test on the Holesky network means that Dencun is nearing its launch on the main Ethereum network in the coming weeks. This upgrade is significant because itâs the biggest change to Ethereum in almost a year.
đ¨ Check out Blockchain DXB podcast we try to explain it in simpler terms. We also give our commentary on the global crypto market. Also worth checking The Coin Bureau has an excellent video explaining what the upgrade would mean, check it via YouTube here http://tinyurl.com/2p98x7w
đĽ Bakkt, a cryptocurrency platform launched in 2018 with the backing of the owner of the New York Stock Exchange, has raised concerns about its ability to stay in business. In a filing with the U.S. Securities and Exchange Commission, Bakkt expressed uncertainty about its financial future, stating that it may not have enough cash to sustain its operations for the next year. This warning suggests that Bakkt is facing financial challenges that could jeopardize its continued existence. Official filing here https://lnkd.in/dN_pmtfG
đĽ MicroStrategy recently added to its Bitcoin holdings by purchasing an additional 850 BTC in January, bringing its total holdings to 190,000 BTC. This acquisition raised the total value of MicroStrategyâs Bitcoin holdings to $8.1 billion. CFO, Andrew Kang, said it acquired 56,650 BTC throughout 2023 at an average price of $33,580 In its fourth quarter of 2023 earnings call. Info via Cointelegraph here https://lnkd.in/dnFsXKV8
đĽ OKX Caught in South Korean Crypto Crackdown: Probe Underway?
- OKX, a cryptocurrency exchange, is under scrutiny by South Korean regulators for allegedly promoting its platform to Korean investors without proper registration. The exchange used social media influencers to promote its services, despite not offering explicit domestic services in South Korea. The Financial Intelligence Unit is investigating potential regulatory breaches. This crackdown is part of South Koreaâs efforts to regulate the crypto industry, following recent market manipulations involving other companies. More info via DailyCoin here https://lnkd.in/dSHN9E-M
đ Two UAE news (See slides)
⥠Abu Dhabi Global Market (ADGM) and Solana Foundation partnership to advance blockchain innovation in Abu Dhabi
âĄCoinbase director hired and relocated by Dubai crypto exchange- MSX Limited eFinancialCareers
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07th Feb : Crypto & Coffee at 8
đĽ#ETH Spot ETF From delayed by SEC đ¨US Treasury Secretary stablecoins pose a risk â Ripple đ SEC update, Hyperverse founderâââ$1.7B fraud charge
đ´ The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving or denying spot Ethereum exchange-traded funds (ETFs) from Invesco US and Galaxy Digital Official info here http://tinyurl.com/4yhytyvf
đŻ James Seyffart, CFA, CAIA mentioned via Twitter (Now X) The only date that matters for spot #ethereum ETFs at this time is May 23rd. His tweet/x here http://tinyurl.com/49u79ena
đĽ Janet Yellen, the U.S. Department of the Treasury Secretary, believes that stablecoins should be regulated by a federal authority instead of leaving it up to individual states. Sheâs concerned that stablecoins could cause problems for the US financial system. There isnât a single federal agency overseeing these digital currencies, which she thinks is risky. Yellen suggests giving a federal regulator the power to decide whether or not a company should be allowed to issue stablecoins. We at Blockchain DXB 100% as stablecoin issues do not follow the principles of Open Blockchain and stable coin issues are replacing the role of a bank and act a central entity. Check out our Crypto & Coffee at 8 podcasts we share our in-depth commentary on this
â She also pointed to the U.S. Commodity Futures Trading Commission, saying it had no âsupervisory regulatory authorityâ over spot market commodities related to Bitcoin. Full info via YouTube here http://tinyurl.com/c2xdwp72
đĽ Ripple đ Security Exchange Commission
A federal judge has ordered Ripple to provide financial documents to the SEC, including statements from 2022 to 2023 and contracts related to institutional sales. This is to determine if XRP should be considered a security. Ripple has until February 12th to comply.
The SEC aims to use these documents to counter Rippleâs claims that its actions have been in compliance with the courtâs initial filing.
The SEC strongly believes that these documents are crucial for determining whether XRP should be classified as a security.
đ¨ Hyperverse Founder Charged With Fraud, Was Promoting a New Crypto Project Hours Later
-Sam Lee, the founder of the HyperVerse crypto pyramid scheme accused of misappropriating $1.7 billion, is promoting a new crypto project called VEND just hours after being charged by the SEC. VEND is a livestream platform where participants can promote their crypto projects to potential investors, with viewers earning rewards for watching and subscribing. The projects on VEND often rely on Tether (USDT) and promise high returns, but there are concerns about the lack of transparency and named advertisers. More info here http://tinyurl.com/kbjr3cfz
đ Two UAE news (See slides)
⥠Botim launches UAE Central Bank instant payment service in industryâs first
⥠UAEâs first Web3 taxi platform DRIFE secures RTA licence
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06th Feb : Crypto & Coffee at 8
đťSolana blockchain downđť Faketoshi accused of Forgeryâ Ethereum Name Service + GoDaddy⥠Open Exchange (OPNX) shuts down â
đ Solana blockchain downđť
âThis latest outage marks the 11th occurrence within the last two years.
đť Engineers from across the ecosystem are investigating an outage on mainnet-beta Staus here https://status.solana.com/
The Solana network experienced a major outage on Feb. 6, 10:22 UTC and engineers from across the ecosystem are investigating an outage on mainnet-beta. Solana blockchain did not produce a block in over 25 minutes, which is considerably long considering Solana has a block production time of 400 milliseconds.
đĽ Craig Wright is Accused of âIndustrial Scaleâ Forgeries on First Day of COPA Trial in the U.K. COPA, challenging Wrightâs claim to be Bitcoinâs creator Satoshi Nakamoto, accuses him of forging documents on an âindustrial scale.â Wrightâs counsel argues COPA canât provide direct evidence against his claim. The trial involves heated exchanges, and the presiding judge has allowed new evidence from Wright, pending review and cross-examination by COPA. COPA hopes for an injunction to prevent future legal challenges from Wright.
â COPA is backed by Twitter founder Jack Dorsey and several high-profile industry players such as Coinbase and MicroStrategy,
Lord Anthony Grabiner said :âCOPA has been unable to point to any direct evidence that Dr. Wright is not Satoshi,â He also claimed that no one else has come forward as Satoshi, which, he argued, suggests Wright is a likely candidate. Info via CoinDesk here http://tinyurl.com/mmxkhrn8
đĽ The Ethereum Name Service (ENS) has collaborated with GoDaddy to simplify the integration of DNS domains into the ENS ecosystem. GoDaddy, being the worldâs largest domain registrar, is committed to enhancing its services by incorporating web3 capabilities for its vast customer base. Official info here http://tinyurl.com/5btf2f36
đŻ We at Blockchain DXB have tried it and was spot on and perfect
đ¨ Open Dealer Exchange (OPNX), founded by Kyle Davies and Su Zhu, is set to cease operations on February 14, according to an email sent to users on February 1st Trading on the platform will stop on February 7, with withdrawals remaining open until the closure date. Interestingly, a new exchange named OX.Fun seems to have emerged as a potential replacement for OPNX. OX.Fun utilizes OPNXâs native token (OX) for derivatives trading but lacks clear information on its operators and their connection to OPNX, despite being promoted in the official OPNX Telegram Messenger channel. Info via Cointelegraph here http://tinyurl.com/bdurw49j
đ Two UAE news (See slides)
⥠Iceberg Cyberlab: Leading Dubaiâs Metaverse Revolution with the Creation of Burj Khalifa and DIFC
⥠Saudi Arabia in prime position to become global leader in AI regulation
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05th Feb : Crypto & Coffee at 8
đĽ US Gov closure of #BTC mining? âThai SEC orders Zipmex to suspend đą Binance Sensitive info leaked via GitHub đSEC Charges Bitcoin Academyâs founder
đĽ The U.S. Department of Energy (DOE) is examining the energy usage of bitcoin mining through its agency, the Energy Information Administration (EIA). Over the next six months, the EIA will collect data on electricity consumption from selected U.S.-based bitcoin miners following an âemergencyâ request. Concerns arise that this information could influence potentially adverse policies given the current administrationâs critical stance on cryptocurrencies. The EIA claims to be policy-neutral and states that the collected data will inform decisions over the next six months without taking a specific stance. More info via CoinDesk here http://tinyurl.com/bafy5haa
đ¨ The Securities and Exchange Commission (SEC) of Thailand has issued a directive instructing the temporary suspension of digital asset trading and brokerage services by the cryptocurrency exchange Zipmex. In an announcement on February 2, the SEC specified that Zipmex has a 15-day window to rectify its financial position and address operational deficiencies in accordance with prior orders from the regulatory body. Once the specified requirements are met, the crypto exchange will be permitted to resume its regular operations, ensuring that users can withdraw their funds during this period. Info here http://tinyurl.com/y63su4zh
đĽ A repository on GitHub containing sensitive information related to Binance, such as code, passwords, and infrastructure diagrams, was discovered to be publicly accessible for several months. Following a takedown request, Binance successfully had the data removed. The company stated that the exposed information presented minimal risk to user security, asset safety, or platform integrity. Despite no evidence of malicious access or use, the dataâs value could potentially attract hackers interested in targeting Binanceâs systems. Info via 404 Media http://tinyurl.com/yhy58avb
𼜠The founder of the American Bitcoin Academy, Brian Sewell, is being charged by the U.S. Securities and Exchange Commission Commission (SEC) for a $1.2 million fraud. Sewell allegedly deceived fifteen students into investing in his Rockwell Fund, promising impressive returns through AI-driven hedge fund strategies in the cryptocurrency market. The SEC claims these promises were a fraudulent scheme. Investigations revealed that Sewell never launched the fund nor implemented the advanced technologies he flaunted. The SEC alleges that 15 students, lured by Sewellâs promises, invested $1.2 million into the non-existent hedge fund. Info via Finance Magnates here http://tinyurl.com/yhhp5vfr
đ Two UAE (See slides)
⥠Landvault appoints Vice President of metaverse to propel Middle East expansion.
⥠IDC Partners with e& for 17th Middle East CIO Summit as it heralds a new era of AI-driven innovation
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01st Feb Crypto & Coffee at 8
đĽ FED- Interest Unchained & Crypto đťđą Ripple co-founder hackedâââ$112 million đIndiaâs Love/Hate for Crypto đUK police seizes ÂŁ1.4bn of #BTC
đĽ FOMC has decided to maintain the target range for the federal funds rate at 5â1/4 to 5â1/2 per cent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks Official info via Federal Reserve Board here https://lnkd.in/dysvCU6q
â We strongly recommend that you listen to the full explanation of the decision by Jerome Powell here https://lnkd.in/dWSpMMQY.
đď¸ Since the announcement, the price of #BTC and #Cryptocurrency market has gone down.
Timothy Enneking, managing director of Digital Capital Management said âSatoshi Nakamoto Is Rolling Over In His Graveâ As Traders Watch Fed more info via Forbes here https://lnkd.in/dHia6uH2
Cointelegraph article here states Bitcoin price stumbles after Fed dashes hopes for rate cuts in March https://lnkd.in/dH6Td8MS
đď¸ Check out Blockchain DXB Crypto& Coffee at 8 we will share our commentary on this. We use ChatGPT to explain how Feds decision will impact the price of Bitcoin and Cryptocurrency
𼜠Ripple co-founder and executive chairman, Chris Larsen, revealed on Wednesday that hackers stole approximately $112 million worth of XRP, the cryptocurrency associated with Ripple, from his crypto wallet. The incident occurred on Tuesday, and Larsen personally confirmed the loss via Twitter (now X) here https://lnkd.in/d7mNVfrn . He stated that we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.
đ¨ In India, the government has decided to maintain high taxes on cryptocurrency transactions despite hopes for a change. The current tax structure includes a 30% tax on profits and a 1% Tax Deducted at Source (TDS) on all crypto transactions. The Finance Minister, Nirmala Sitharaman, announced the budget without making any adjustments to these controversial taxes. More info via Cointelegraph article here https://lnkd.in/d_ZUtGfp
đÂŁ1.4bn of #BTC siezed
- A former takeaway worker, Jian Wen, is accused of helping a fugitive fraudster, Zhimin Qian, launder profits from a ÂŁ5 billion investment fraud. Wen is considered a âfront personâ in the scheme. UK authorities seized over 61,000 Bitcoins, valued at ÂŁ1.4 billion, from digital wallets linked to Wen. She is currently on trial at Southwark Crown Court, facing three counts of money laundering between October 2017 and January 2022. More info via Skynewsuk.com here https://lnkd.in/dgSPkbmP
đ Two UAE news ( See slides)
⥠DoH Announces Partnership with ADHDS and MSD GCC to Experiment with the Application of Blockchain Technology in Healthcare
⥠Saudi Arabia launches âGenAI for Allâ initiative at Digital Cooperation Organization
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
31st Jan Crypto & Coffee at 8
đŚFOMC meeting- Crypto reaction đ¨Circle USDC on Celo Network đł Visa enables crypto withdrawals đŽđťGerman Police Seize $2.1B #BTC
⥠The FOMC meeting announcement will take place later in the day and Federal Reserve Board chair Jerome Powell will announce crucial information regarding interest rate hike
Increase Interest = Bitcoin + Crypto
Reduce or Unchained = Bitcoin + Crypto
đ¨ Blockonomi article here states This weekâs (FOMC) meeting could strongly influence market momentum. http://tinyurl.com/3j3kybp4
đ¨ Blockworks article here http://tinyurl.com/3rtmy9uj states The Federal Reserveâs decision to either raise or pause rates on Wednesday may not significantly impact the crypto market, according to industry watchers.
đŻ We strongly recommend watching Jerome Powell go live via YouTube and listen to his explanation of his decision.
⥠Celo is a carbon-negative, mobile-first, EVM-compatible blockchain built for the real world.
⥠Circle, a global fintech firm and issuer of USDC, the regulated digital dollar, is bringing USDC to the Celo ecosystem. A governance proposal will propose USDC as the official gas currency for Celo. This move adds USDC to Celoâs stablecoin offerings, alongside local currencies like Mentoâs cREAL and eXOF pegged to the Brazilian Real and West African Franc. Official info here http://tinyurl.com/y8rh3xen
đ¨ Visa has collaborated with Transak, a Web3 infrastructure provider, to enable cryptocurrency withdrawals and payments in 145 countries using the Visa Direct solution. This partnership allows MetaMask users to directly sell their crypto to a Visa card, eliminating the reliance on centralized exchanges. The announcement was made on January 30th. The new integration allows users to withdraw cryptocurrencies like Bitcoin BTC
directly from a wallet like MetaMask to a Visa debit card.
â Available immediately, the integration enables one to exchange crypto to fiat and pay at 130 million merchant locations where Visa is accepted. More info via Cointelegraph here http://tinyurl.com/bdz7asfc
đŽđť $2.1B #BTC seized
đ Two UAE news (See slides)
⥠UAE makes first digital dirham transfer via mBridge CBDC platform
⥠âMetaverse of Magicâ takes entertainment to new heights at Ithra
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30th Jan Crypto & Coffee at 8
đ˘ Ethereum Spot ETFs update đšMagic Eden launches Multi-Chain Wallet, đ Anthony Scaramucciâs #BTC prediction đĽRobert F. Kennedy JrâââNO to CBDC
đ˘ Ethereum Spot ETF- The next date that matters is May 23rd 2024
On January 24, the U.S. Securities and Exchange Commission (SEC) extended the deadline for deciding on BlackRockâs proposed Ethereum exchange-traded fund (ETF), citing the need for additional review time. The final decision on BlackRockâs ETF, with a deadline of August 7, is anticipated by Bloomberg ETF analyst Eric Balchunas to align with a collective decision on all pending Ethereum ETFs in May. The SEC also delayed its decision on Grayscale Investmentsâ spot Ethereum ETF, inviting public comments and initiating proceedings to evaluate NYSE Arcaâs proposal to list and trade Grayscale Ethereum Trust shares. This move extends the decision deadline by an additional 35 days upon publication in the Federal Register. More info via James Seyffart, CFA, CAIA here https://lnkd.in/dHeRkGqY
đš Magic Eden, the NFT marketplace, has introduced a multi-chain wallet that now supports the Solana, Bitcoin, Polygon, and Ethereum blockchains. The platform initially released the beta version of its wallet back in November 2023, limited to a select group of early testers. The official release of the wallet was hinted at in a post on Friday. Official info here https://lnkd.in/dvGiRwzd The wallet is designed in collaboration with Exodus to provide a seamless and user-friendly experience. It facilitates quick cross-chain swaps, efficient NFT portfolio management, and direct trading of NFTs directly within the wallet.
đ #btc = $170K?
â Anthony Scaramucci, Founder of SkyBridge Capital Predicts Bitcoin to Hit at Least $170K Post Halving. Check out Blockchain DXB Crypto & Coffee at 8 we share our opinion on price predictions. More info via CoinDesk here https://lnkd.in/dEKCcnma Based on previous price predictions we at Blockchain DXB can confidently say all price predictions are 100% right, 50% of the time
đĽ Robert F. Kennedy JrâââNO to CBDC
- In a brief one-minute video, Kennedy warns that the introduction of a Central Bank Digital Currency (CBDC) could allow governments to monitor all citizen transactions, leading to potential blackmail and coercion. Citing Chinaâs âdigital yuanâ linked to a social credit system, he highlights concerns that governments could restrict access to funds based on surveillance, posing a threat to human and civil rights. Watch it here https://lnkd.in/diJuVdHc He also highlighted some benefits of Bitcoin & and how itâs better against inflation & and other fiat currencies.
đ Two UAE news: (See slides)
⥠Arab Health 2024: How Dubai Health Authority is using AI to detect health risks and cut treatment costs
⥠Blockchain DXB event: How to start Podcastingâââ28th Feb 2024 register via Eventbrite here
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Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
29th Jan Crypto & Coffee at 8
đĽOpenSea open to Acquisition âBlackRockâs IBIT $2B in AUM đ OKX Halts Mining Pool Services đĽ US Gov to dump #btc?
đŚ OpenSea is having a hard time justifying its one-time $13.3 billion valuation. Devin Finzer, OpenSeaâs CEO and co-founder, told DL News this week that the company is keeping an open mind towards deals. That may include being acquired itself. Info here http://tinyurl.com/6fu5fxmd
CEO Devin Finzer said OpenSea has received acquisition interest but did â not specify when and by whom.
NFT player is struggling to find its footing after a rough couple of years.
He said Blur has âcut cornersâ on its way to market dominance.
đŚ At its peak, OpenSea accounted for about 90% of the NFT sectorâs market share. Now, its monthly trading volume has dwindled to $171 million, a 96% plunge from January 2022, according to data from Dune Analytics.
đ´ BlackRock Rich getting richer
â The BlackRock iShares Bitcoin ETF (IBIT) has become the first among recently launched spot bitcoin products to surpass $2 billion in assets under management (AUM). This milestone was achieved on Friday. Notably, Grayscale Investmentsâs GBTC, which was a closed-end fund before converting to a spot ETF, had almost $30 billion in AUM. On Thursday, investors added around $170 million to IBIT, enabling the fund to acquire nearly 4,300 bitcoin (BTC). This increased the total tokens held by the fund to 49,952. As the price of bitcoin exceeded $40,000 on Friday, the AUM for IBIT rose above $2 billion. More info via CoinDesk here http://tinyurl.com/w3tnsbk7
đĄ As of January 26, 2024, OKX has ceased its crypto mining pool and associated services. New user registrations are no longer accepted. Existing users will maintain access to these services until February 25, 2024, providing them with a transition period to make necessary adjustments to their mining operations. Afterwards, the platform will discontinue all mining-related services. This signals the end of an era for many users who have relied on OKX for crypto-mining activities. Info via Finance Magnates here http://tinyurl.com/mrzudrun
â US Gov to dump #btc? Legit or #fakenews
đ Two UAE news
âĄAl Zayed University Research Suggests Hashgraph DLT Could Surpass Blockchain
⥠UAE Collaborates with Women Economic Forum (WEF)âs AI Governance Alliance to Bridge Global AI Divide
For slides click here: http://tinyurl.com/yc2zunfd
LinkedIn Profile: https://tinyurl.com/bdeevbru
To support this channel: See the links below
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⥠Advanced Media: Sponsors of Blockchain DXB podcast: 3x Rodepodmic USB + Rode Mic stand Check out their website â â â â â â â â â â â â â â https://www.amt.tv/â â â â â â â â â â â â â â â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Guest: Mark Batres - World's Toughest Mudder Champion 2021, Spartan Pro athlete, Running and OCR coach.
Host: RA George (Blockchain DXB)
Date: 24th Jan + Time: 12 PST (00:00 GST)
Recorded: Google Meet
Contact Information:
Instagram @mgbracing http://tinyurl.com/zun6rpmw
Coaching https://www.mgb-racing.com/coach-mark
YouTube channel: http://tinyurl.com/3zw3bjcz
Facebook- http://tinyurl.com/22xt3jsa
Run To Save the Shark: http://tinyurl.com/254rcrv3
Post via FB winning the NCAA Div II Western Regional Championships in 2004 http://tinyurl.com/kca9dhmy
Q &A by Spartan http://tinyurl.com/3bneeh2y
Couple goals: Achieved - Video by Spartan: http://tinyurl.com/mttyzan2
Podcast Mark Batres was featured in the following podcast
¡ Evaluate your goals and go after them - Mark Batres episodehere http://tinyurl.com/mr2ys2dx
¡ How to smash your first 12-hour Ultra Marathon - Mark Batres http://tinyurl.com/54mhxhw8
¡ Turn your sport into your business with Spartan racer - Mark Batres http://tinyurl.com/5n9yhdkk
¡ The Rabbit in the Race â Mark Batres http://tinyurl.com/yxrxh37k
¡ Training in the Off-Season with - Mark Batres http://tinyurl.com/ynmhw8b2
¡ The fastest runner in the sport of OCR today - Mark Batres http://tinyurl.com/4fyn258w
Summary of the conversation:
Introduction to Mark Batres:
Training Insights:
Emphasis on training and rest days for high-level competition.
Business Ambitions and Coaching:
Aspirations in the running industry.
Coaching Website:
Mark's coaching website: www.mgb-racing.com.
Event Insights:
Preparation insights for events, balancing goal-oriented training and a proactive attitude.
Special Achievements:
2021 Worlds Toughest Mudder Champion, setting a record with 115 miles in 24 hours.
Tough Mudder Infinity Event in Saudi Arabia:
Mark's informed preparation for the 8-hour OCR event in AlUla, Saudi Arabia.
Championship Mentality and Life Insights:
Treating each day as an opportunity.
Future Competitions:
The possibility of competing in the Spartan World Championship 2024 in Al Wathba, Abu Dhabi.
Music Preferences:
Mark's diverse music playlist, includes hip hop, heavy metal, and rock and roll.
AI Perspective:
A lighthearted note on what Artificial Intelligence thinks of Mark Batres.
Thank you for the podcast: For feedback or suggestionsemail info@blockchaindxb.com
25th Jan: Crypto & Coffee at 8
đ¨ UKâs Digital Pound Legislation (CBDC) đť OKB Tokenâs 50% Dropđť Teslaâs #BTC HODL âWorldcoin Orb device makeover
đŚ The UK government has announced its commitment to safeguarding privacy and maintaining control over financial transactions in upcoming legislation related to the development of a digital pound. The response was provided as part of the consultation conducted by the governmentâs finance ministry and the Bank of England on a central bank digital currency (CBDC). The consultation, which concluded in June and received over 50,000 responses, highlighted privacy and financial control as key concerns among participants. Detailed info here https://lnkd.in/dFbsRJNY Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts we share our commentary on this
đĽ OKB, the native token of the crypto exchange OKX, saw a sudden and drastic drop in value on Tuesday. The token plunged by more than 50% to a low of $25 in just three minutes before stabilizing. Executives from the exchange said they were investigating the root cause behind the abnormal price fluctuation, later issuing an update on X suggesting that the volatility was triggered by liquidations that were set off when the price moved lower after a general decline in the market. Info via Samyuktha Sriram on unchainedcrypto Official tweet https://lnkd.in/dAwhwzjU
đ¨ The good news is The platform will fully compensate users for additional losses caused by abnormal liquidation, including pledge lending/margin trading/cross-currency transactions.
đ Tesla holds over 9,720 BTC, equivalent to $387 million, making them the third-largest public holder of Bitcoin. They follow MicroStrategy (MSTR) and Marathon in Bitcoin holdings. Teslaâs Bitcoin portfolio remained unchanged in Q4, as the quarterly report did not mention any buying or selling activities in the three months ending September. Info via CoinDesk https://lnkd.in/dZ_XtS39
đ Worldcoinâs Orb device, known for its futuristic design, is set to receive an upgrade in the first half of this year. The new Orb will have alternative colours and a more toned-down appearance, resembling an Apple product. The next iteration will look similar to an âApple product,â CEO and co-founder of Tools for Humanity, shared exclusively with TechCrunch. here https://lnkd.in/dXZB9SFy
đ Two UAE news
⥠Oracle to expand Dubai operations amid plans to build more cloud regions in the Middle EastâââAI-related
⥠PESTLER analysis on Bitcoin on 31st Jan (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB
For slides click here: http://tinyurl.com/3euuwxfv
LinkedIn Profile: â https://tinyurl.com/bdeevbruâ
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⥠Advanced Media: Sponsors of Blockchain DXB podcast: 3x Rodepodmic USB + Rode Mic stand Check out their website â â â â â â â â â â â â â https://www.amt.tv/â â â â â â â â â â â â â â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
24th Jan: Crypto & Coffee at 8
đŻArthur Hayes BTC $30k -$35k prediction đPresident Trump $1M Meme Coin đ¨ CFTC Charges Debiex đĄ Tornado Cash Trial
đĽ Arthur Hayes article Yellen or Talkinâ? here http://tinyurl.com/3wd8znh2 discusses US Treasury Secretary Bad Gurl Janet Yellen her simp cuck towel boy Federal Reserve System Board Chairperson Jerome Powell oscillates between decisive action and vague talking points. His #BTC predictions are between $30,000 and $35,000. He has some interesting charts âChart Pornâ + Broke-Ass Plebes in his article. Check out Blockchain DXBâs Crypto & Coffee at 8 we share our comments and stress â All Price Predictions are 100% right, 50% of the timeâ
đ´ President Trump Wallet: Addicted to Winning
â A wallet labelled with Donald Trumpâs name contains over $1 million worth of TRUMP meme coins. Itâs important to note that the issuance of TRUMP tokens is not directly associated with Trump himself. However, some individuals are using these tokens as a speculative investment linked to his ongoing presidential campaign. Arkham shows A few thousand dollars worth of a meme token TRUMP sent to a Donald Trump-labeled crypto wallet is now worth over $1 million Info via CoinDesk and screenshot of his wallet address here http://tinyurl.com/6xr29tah
đ´ The U.S. Commodity Futures Trading Commission (CFTC) has charged digital asset platform Debiex with fraud for using a romance scam tactic to defraud investors of $2.3 million. Debiex allegedly cultivated relationships with potential customers, lied to gain their trust, and convinced them to open and fund trading accounts. Official info here http://tinyurl.com/3k7fhwtb
đĄ Tornado Cash: Free Pertsev & Storm
Developers from Tornado Cash are preparing to confront charges related to money laundering in both the Netherlands and the United States. In anticipation of the upcoming trials, an activist group has initiated a fundraising campaign to support the developersâ defence. The results of these legal proceedings are expected to carry significant implications for the realms of open source and Web3 development. More info via DailyCoin here http://tinyurl.com/338sbnaf
The fundraiser is billed to last for a month up until February 22. At the time of writing, the group has raised over $200,000, including 87.18 ETH (worth over $192,000) on Juicebox and over $16,000 raised on GoFundMe. The amount that has been raised through WeWantJusticeDAO.org is currently not publicly available. Free Pertsev & Storm estimates that the developers would need between $90,000 and $100,000 monthly to cover their legal fees.
đ Two UAE news (See slides )
⥠Saudiâs MISâââAl Moammar Information Systems Co. invests $5mln in OpenAI Inc UAE
⥠President issues law establishing Artificial Intelligence and Advanced Technology Council Abu Dhabi Media Office
For slides click here: http://tinyurl.com/4kbz7k69
LinkedIn Profile: https://tinyurl.com/bdeevbru
To support this channel:
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e
⥠Advanced Media: Sponsors of Blockchain DXB podcast: 3x Rodepodmic USB + Rode Mic stand Check out their website â â â â â â â â â â â â â https://www.amt.tv/â â â â â â â â â â â â â â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
23rd Jan: Crypto & Coffee at 8
đ Spot Bitcoin ETF news đ§ Bitcoin Depot orders 500 Bitcoin ATMs đľ Franklin Templeton CEO on Bitcoin. đž Animoca Brands backed GAMEE Hit by $15M Exploit
đ Spot Bitcoin ETFsâ on-chain addresses
â Arkham has identified the on-chain location of four of the Bitcoin ETFs. We are the first to publicly identify these addresses. Info via Twitter (X) here
https://lnkd.in/dsUrtRrE , issued by BlackRock, Bitwise Inc, Fidelity Investments and Franklin Templeton. Based on available data, BlackRockâs iShares Bitcoin Trust (IBIT) presently possesses 33,430 bitcoins, valued at approximately $1.3 billion. This information aligns with the publicly disclosed data on IBIT holdings accessible on BlackRockâs official website.
đĽ Bitcoin ETFs post $76M in net outflows on âbadâ 7th day of tradingâ
- James Seyffart, CFA, CAIA stated via Twitter that BlackRockâs numbers are in for the #Bitcoin ETF Cointucky derby. The third biggest inflow day for $IBIT set at $272 million. Only -$76 million in net outflows for the day. An earlier tweet stated Woof. BAD day for #Bitcoin ETFs overall in the Cointucky Derby. $GBTC saw over $640 million flow out today. Outflows arenât slowing â theyâre picking up. This is the largest outflow yet for GBTC. The total out so far is $3.45 Billion More info via Cointelegraph on this here https://lnkd.in/dunctzNc
đ Bitcoin-Greatest distraction from the greatest disruption â
Jenny Johnson, who served as President and CEO of Franklin Templeton, joined CNBC âSquawk Boxâ to discuss the firmâs spot bitcoin ETF offering, recent market trends, the Federal Reserveâs outlook on interest rates, and other pertinent topics Some positive outlook for Bitcoin?
Greatest distraction from greatest disruption & and some points on Censorship resistance too Check it out here via YouTube here https://lnkd.in/dEN5pAjw
đ§ Bitcoin Depot has placed a purchase order with ATM and kiosk solutions
provider Genmega, Inc. for 500 new Bitcoin ATM kiosks, the company said on Monday. CEO Brandon Mintz. said âWe look forward to deploying these BTMs quickly in several key markets, as we continue championing widespread Bitcoin accessibility,â Info via Seeking Alpha here https://lnkd.in/dym5UEgg
đ¨ GAMEE, a blockchain gaming project backed by Animoca Brands, experienced âunauthorized accessâ to its token contracts on Polygon, resulting in the theft of 600 million tokens valued at $15 million. The stolen tokens were converted to ETH and MATIC and exchanged on various DEXs, causing a 64% drop in the GMEE token price. Gamee claimed that no community-owned assets were compromised and plans to support affected users. Official info here https://lnkd.in/d3E99yvU
đ Two UAE news (See slides)
⥠Adaverse, a Cardano ecosystem accelerator announces its first strategic investment in Saudi Arabiaâs Takadao
⥠Mashreq partners with UAE fintech Fils to launch carbon offsetting services for corporate clients
For slides click here: http://tinyurl.com/3erphf29
LinkedIn Profile: https://tinyurl.com/bdeevbru
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e
⥠Advanced Media: Sponsors of Blockchain DXB podcast: 3x Rodepodmic USB + Rode Mic stand Check out their website â â â â â â â â â â â â https://www.amt.tv/â â â â â â â â â â â â â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
22nd Jan Crypto & Coffee at 8
đĽ Coinbase vs SEC đ$4B AUM for Spot #BTC ETF đ¨ Terraform Labs bankruptcy đĄ Rep. Emmer + President Trump against CBDC
đĽ Coinbase vs U.S. Securities and Exchange Commission
According to a tweet by Bloombergâs Senior Litigation Analyst, Elliot Z. Stein, he assesses a 70% chance of victory for Coinbase in its motion to dismiss all claims made by the U.S. Securities and Exchange Commission (SEC). This evaluation follows the oral arguments presented by Coinbase on Wednesday. He highlighted how Judge Katherine Polk Failla wanted the SEC to provide a definition of âinvestment contractâ that wouldnât ultimately encompass innocuous collectable items such as Beanie Babies. Check out Blockchain DXB Crypto & COffee at 8 podcasts we get into this in detail.
đď¸ We strongly recommend listening to Laura Shin, podcast session with Samson Enzer from Cahill Gordon & Reindel LLP, some great info and the show notes have some useful info on this case. But itâs important to note they are also representing Coinbase on this matter. Some useful information connected to the Terraform Labs labs case too. Episode available via YouTube here https://lnkd.in/dxEbAryK
⥠Spot #BTC ETF approval amass 95,000 BTC in 6 days, approaching $4B Assets Under Management Cointelegraph article here states Fidelityâs (FBTC) and BlackRockâs iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows in the first six days of trading. Article here https://lnkd.in/d7uRzTKX
đ¨Terraform Labs, declared Chapter 11 bankruptcy in Delaware. The recent classification of LUNA and MIR as securities by a U.S. judge and an ongoing class action lawsuit in Singapore prompted this strategic move. Documents filed on January 21st indicate the voluntary petition for bankruptcy by Terraform Labs Pte. The firm filed for Chapter 11 bankruptcy protection at the United States Bankruptcy Court for the District of Delaware, citing between $100 and $500 million in estimated liabilities and assets, according to a Jan. 21 filing here https://lnkd.in/dS3PyaNB
â Terraform was firm behind the failed stablecoin TerraUSD declared in the filing it has between $100 to $500 million in estimated assets and the same amount in liabilities. TerraUSD, a dollar-pegged cryptocurrency and Terraâs LUNA token collapsed in May 2022,
đĄ Republicans not for CBDC â
đŞđť
- United States Representative Tom Emmer mentioned via Twitter (Now X) that he agrees with President Trump that CBDCs pose a serious threat to Americansâ right to financial privacy. He is looking forward to working with him as we continue the fight against the expanding government surveillance state. Tweet here https://lnkd.in/d42H-KNM
đ Two UAE news (See slides)
⥠Liminal partners with Dubai-based Encryptus⢠to bridge gap between crypto and fiat
⥠Abu Dhabiâs G42 invests in edge computing and AI start-up Analog at WEF launch
For slides click here: http://tinyurl.com/2xmuf68e
LinkedIn Profile: https://tinyurl.com/bdeevbru
To Support This Channel Follow The Links Below
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e
⥠Advanced Media: Sponsors of Blockchain DXB podcast: 3x Rodepodmic USB + Rode Mic stand Check out their website â â â â â â â â â â â https://www.amt.tv/â â â â â â â â â â â â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
17th Jan Crypto & Coffee at 8
đĽSEC vs Ripple âCBDC as money rejected by US Senators (Republicans) đ¨ Thai SEC Rejects Bitcoin ETF đĄEurope guidance to Crypto.
đĽ In a filing made on January 11, here https://lnkd.in/dBfXSVbM the U.S. Securities and Exchange Commission Exchange Commission (SEC) has escalated its legal efforts against Ripple Labs, Inc., aiming to enforce the production of essential financial documents. This development is a continuation of the ongoing legal dispute that began in December 2020, where the SEC asserted that Rippleâs XRP sales amounted to unregistered securities offerings. The regulatory body is specifically requesting financial statements for the years 2022 and 2023 as part of its pursuit in the legal case against Ripple.
â The SEC contends that these documents and the âinterrogatoryâ are crucial for Judge Torres to make informed decisions on potential relief, including injunctions and civil penalties. The regulatory body asserts that the financial information requested is fundamental for tailoring a penalty that would effectively deter future violations.
đ° CBDC as money?
â Several bills in the US Senate are challenging the classification of Central Bank Digital Currencies (CBDCs) as âmoney.â These legislative proposals have the potential to pose substantial obstacles to the development and implementation of a CBDC in the United States. Cointelegraph article confirms Bills against referring to central bank digital currency (CBDC) as money have been filed in the states of Utah, South Carolina, South Dakota and Tennessee. The bills would exclude a CBDC from the definition of money and could create significant roadblocks to a CBDC in the United States. https://lnkd.in/dFZwjbKN. State Senator frank niceley introduced a bill to the Tennessee Senate on Jan. 12. https://lnkd.in/dgiBguPC
đ¨ Republican Senators â Not in favor of CBDC as money
đĄ Securities and Exchange Commission, Thailand has rejected Bitcoin ETFs, but brokerages in Thailand are promoting overseas investments in these products. The Thai SEC states that Bitcoin ETFs, approved in foreign markets, are in the early stages and may lack direct economic value for the Thai marketâs appropriateness. News via Finance Magnates here https://lnkd.in/dAEfNsA2
đ¨ The European Banking Authority (EBA) extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). The new Guidelines highlight ML/TF risk factors and mitigating measures that CASPs need to consider, representing an important step forward in the EUâs fight against financial crime. Official info here https://lnkd.in/deFJDvMW
đ Two UAE news (See slides)
⥠OKX Middle East Fintech FZE Granted a VASP License by the Virtual Assets Regulatory Authority in Dubai
⥠Saudi Arabia is recruiting AI artists globally for a new initiative.
For slides click here: http://tinyurl.com/3utr57tj
LinkedIn Profile: https://tinyurl.com/bdeevbru
To Support This Channel Follow The Links Below
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e
⥠Advanced Media: Sponsors of Blockchain DXB podcast: 3x Rodepodmic USB + Rode Mic stand Check out their website â â â â â â â â â â https://www.amt.tv/â â â â â â â â â â â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Conversation with Matt B. Davis: Obstacle Racing Media and Hybrid Fitness Media
Guest: Matt B. Davis
Host: RA George (Blockchain DXB)
Date: 15th Jan
Time: 01 pm EST/10 pm GST
Recorded via Google Meet
Contact info for Matt B. Davis
Instagram ORM (Obstacle Racing Media ) @obstacleracingmedia http://tinyurl.com/33zezun5
https://linktr.ee/obstacleracingmedia
Hybrid Fitness Media @hybridfitnessmedia http://tinyurl.com/332hrt4jhttps://linktr.ee/hybridfitnessmediaPersonal IG @mattbdavis http://tinyurl.com/5bdw5a4k
Website
https://www.obstacleracingmedia.com/
https://hybridfitnessmedia.com/
https://theatlantapodcast.com/
@ObstacleMediahttps://twitter.com/ObstacleMedia
@HybridFitMediahttps://twitter.com/HybridFitMedia
Facebook:
https://www.facebook.com/ObstacleMediahttps://www.facebook.com/hybridracingmedia
Email: matt@obstacleracingmedia.com
LinkedIn:
Matt B. Davis: http://tinyurl.com/5n95ckc9Obstacle Racing Media: http://tinyurl.com/4hvrtnf9
YouTube Channel
Obstacle Racing Media: http://tinyurl.com/23c9fw4xHybrid Fitness Media http://tinyurl.com/5mxp85ut
Summary of the conversation:
Thank you for the podcast.
For feedback or suggestions send us an email to info@blockchaindxb.com
16th Jan Crypto & Coffee at 8
đťUS #BTCETFsâ Failed on the Expectations â
Fear & Greed Index Turns Neutralđ˘ United Nations Tether.toâs USDT Money Laundering đ¨ North Korea Stole $293M
đť US Bitcoin ETFsâ Failed on the Expectations, 2-Day Net Inflows at $819 Million. 11 Bitcoin ETFs have traded on the US exchanges, and the numbers have been disappointing. Finance Magnates article here states The ten newly listed Bitcoin ETFs attracted only $1.4 billion in new funds within two days. Despite the anticipation surrounding their launch, none of the recently introduced Bitcoin ETFs achieved top rankings among US ETFs based on their initial success. There have been notable outflows from Grayscaleâs Bitcoin ETF, with a conversion from the Grayscale Bitcoin Trust resulting in a $579 million outflow. Additionally, the BITO futures ETF experienced $151 million in outflows. Despite these outflows, the overall net inflows in Bitcoin ETFs over two days amounted to $652 million. Itâs worth noting that the net spot Bitcoin ETF inflows specifically were $819 million during this time frame. Article here https://lnkd.in/dhnnHPh9
đ˘ Fear and Greed Index: Neutral
Market sentiment has taken a hit, with the Crypto Fear & Greed Index slipping to âneutralâ for the first time since November 2023.
- CoinMarketCap: 59 (Neutral) â
- Coin glass 52 (Neutral) â
- Alternative.me 52 (Neutral) â
đť Bitcoin Dominance -49.79%
đş Ethereum Dominance- 18.08%
đ UN warns that Tether.to USDT is increasingly favoured by money launderers. The report says Digital currency is at the heart of scams including fake romance frauds known as âpig butchering. https://lnkd.in/dkWu7Pug
The report states Online gambling platforms, and especially those that are operating illegally, have emerged as among the most popular vehicles for cryptocurrency-based money launderers, particularly for those using Tether or USDT on the TRON25 blockchain, while also fueling the intensification of Southeast Asiaâs rapidly growing illicit digital economy, and particularly the regional cyberfraud industry. The report discusses
- Running points syndicates
- Proliferation of USDT-based money laundering networks
- Mass recruitment of mule bank accounts across virtually all jurisdictions in the Asia Pacific region which can be purchased for as low as US $30
- Accounts Frozen that had USDT
đ¨ DLNews states Lazarus ravaged the crypto world in 2023, with at least $293 million in stolen funds attributed to the North Korean cybercrime cabal. That was a fraction of what it nabbed in 2022 a staggering $1.7 billion. Article here https://lnkd.in/dpPiyYUN
đ Two UAE news (See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 31st Jan. Registration via Eventbrite link https://lnkd.in/dnCkbxFH
⥠PESTLER analysis on Bitcoin on 31st Jan (Political, Economical, Social, Technological, Legal Environmental, Religious ) https://lnkd.in/df5z7R7H
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
15th Jan Crypto & Coffee at 8
đ¨BlackRock backs Ether ETF? đťGameStop shut downs NFT marketplaceâ India blocks Binance, OKX đĽCoinShares acquires Valkyrie Funds
đĽ BlackRock CEO Larry Fink supports the idea of an Ethereum (ETH) exchange-traded fund (ETF) shortly after the Bitcoin (BTC) ETF launch. In a CNBC interview, (the woke master plan) Larry Fink sees value in an Ethereum ETF as a key step toward wider tokenization trends in finance. His endorsement reflects confidence in the ongoing shift towards digital assets and blockchain technology. Finkâs remarks highlight the growing significance of cryptocurrencies in traditional financial markets. Interview via YouTube here http://tinyurl.com/4m3w8nkk
Bitcoin ETF approvals are âstepping stonesâ towards tokenization
It is an asset that protects human
ETF is step one, Tokenization is next
đĽ GameStop, the gaming retailer, has issued a warning to its users about the upcoming discontinuation of its non-fungible token (NFT) marketplace next month, citing regulatory uncertainty. In a statement posted on the GameStop website, users were informed that they have slightly over two weeks left to utilize the NFT platform. Despite the decision to reduce its involvement with crypto, GameStop assured NFT holders that this move will not have any adverse effects on their NFTs. Official pop-up message via https://nft.gamestop.com/
âEffective as of February 2, 2024, customers will no longer be able to buy, sell or create NFTs. Your NFTs are on the blockchain and will remain accessible and saleable through other platforms.â
đĄ Googleâs Play Store in India has taken down the Binance and OKX cryptocurrency exchange apps. This action mirrors a similar move made by Appleâs App Store in India back in December 2023. This is in response to a noncompliance notice from the government Important to note Binance application and website are still available and working for existing users.
đ¨On December 28, 2023, the Financial Intelligence Unit (FIU) of the Indian Ministry of Finance issued a notice to Binance, Huobi Global, Kraken Digital Asset Exchange, Gate.io, KuCoin Exchange, Bitstamp, MEXC Global, Bittrex, and Bitfinex, alleging illegal operations within India. Official info here http://tinyurl.com/2tbdammp
đĽ CoinShares, a digital asset manager, is acquiring Valkyrie Funds, a U.S. investment advisory business specializing in actively managed cryptocurrency ETFs. This decision follows SEC approval for Valkyrieâs Bitcoin ETF. CoinShares aims to expand its digital asset offerings in the U.S., capitalizing on positive regulatory developments. The acquisition is expected to increase CoinSharesâ assets under management (AUM) by approximately $110 million, adding to its current $4.5 billion AUM. Official info here http://tinyurl.com/mr382ewx
đ Two UAE news (See slides)
⥠OKX Unveils Arabic-Language Website and App For Crypto Trading and Web3
⥠Saudi Arabia: MIS obtains boardâs approval to invest in AI
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12th Jan Metaverse Everything đď¸
đĽ Is the Metaverse Dead? In the last six months, relatively few news has been connected to Metaverse. Between 2022 and 2023 investors have lost over 90% of the $$$ in the Metaverse. CNBC article states that Sales of VR headsets and AR glasses in the U.S. have plummeted nearly 40% in 2023 date via Circana article here http://tinyurl.com/u7xb9b6f
đť Metaverse Properties Face 90% Losses
â A recent report by Yahoo Finance here http://tinyurl.com/yf7ntprb highlights notable declines in the value of well-known metaverse assets over the past year, affecting properties within platforms such as Otherdeeds, The Sandbox, Decentraland, Somnium, and Voxels. A survey by KPMG US does find that 90% of investors predict the metaverse is the next phase of the internet, however, U.S. adults have yet to fully embrace a metaverse more info on this via VentureBeat here http://tinyurl.com/349wvmkm
⥠Apple Vision Pro could generate some interest and positive sentiment for the Metaverse industry. The new device is set to launch on 02nd Feb and pre-order in USA begins on the 19th of Jan
đ¨Spot Bitcoin ETP approval: A Spot #BTC ETF approval could potentially boost investments indirectly to cryptocurrency and blockchain protocols connected to Metaverse (See slide 2 for details info on #Marketcap & 24 trading volume)
đ° $15 Billion: Potential of the Metaverse in GCC
A recent report by PwC Middle East discusses A Middle East perspective on the metaverse Is the region ready to seize the US$15 billion opportunity?. See slide no 6 we discuss some areas of the report such as Seven Blocks, Industries impacted by Metaverse, Contribution to GCC & Six ways to seize the opportunity in the Metaverse
â We also revisit the timeline for mainstream adoption of Metaverse.
Will we use mobile phones in a couple of decades? If Metaverse with the power of AI offers a 10 better user experience. Why use mobile devices?
Top 5 Metaverse News from the World
Top 5 Metaverse News from Dubai
Check out Blockchain DXB's Crypto & Coffee at 8 for Metaverse News from Dubai covered in the last two weeks. Link via Spotify here http://tinyurl.com/jzj4z78f
For slides click here https://blockchaindxb.com/blockchain
#blockchaindxb #Metaverse
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
11th Jan Crypto & Coffee at 8
đ¨Spot Bitcoin ETP approved by SEC but Ethereum đNFT no longer on Twitter(X) âBank of England- Bitcoin is too inefficient for use đĄVisa to Pilot Web3
đ¨ Statement on the Approval of Spot Bitcoin Exchange-Traded Products by U.S. Securities and Exchange Commission Chair Gary Gensler here https://lnkd.in/dP44GxdZ Bitcoin held steady late Wednesday after the SECn cleared the way for the first U.S. exchange-traded funds that hold bitcoin to be sold to the public. Gary Gensler stated that While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto
đď¸Check out Blockchain DXBâs podcast we share our commentary on this and we discuss whatâs next We discuss the potential impact of two huge events for Bitcoin & Crypto in 2024
- Bitcoin Halving
- US elections 2024
- Is EThereum ETF next?
đĽ Just a day before Spot Bitcoin ETF BlackRock cuts 600 staff as asset managers defend profit margins CEO Larry Fink and president Rob Kapito told employees in an all-staff memo on Tuesday that the company was adapting to a ârapidly changing environmentâ Info via Financial Times here https://lnkd.in/d_VGsUzt
đ Elon Muskâs X unveiled an ambitious plan for the company in 2024 on Tuesday, outlining initiatives such as the introduction of peer-to-peer payments and the integration of additional AI-powered tools. However, amidst these developments, the company discreetly eliminated a feature for its paid subscribers. Subscribers are now unable to designate an NFT as their profile picture. But X promises peer-to-peer payments, AI advances in 2024 More info via TechCrunch here https://lnkd.in/dM4uiWhf
đŚ Bank of England stance on #BTC
- During the recent U.K. Parliament Treasury Committee meeting, the efficiency of Bitcoin came under scrutiny as the head of the Bank of England expressed reservations about its practical use. While digital currencies were a notable topic of discussion, there was a restrained level of enthusiasm surrounding their potential applications. Andrey Bailey and BOE Deputy Governor Sarah Breeden appeared before the committee to discuss the BOEâs latest Financial Stability Report. Info via Bloomberg here https://lnkd.in/dD64HuvJ
đł Visa is set to introduce a Web3 loyalty service, enabling brands to establish digital wallets for the storage of reward points and experiences. The Visa Web3 Loyalty Engagement Solution seeks to revolutionize the conventional loyalty landscape by providing incentives and advantages for active participation, including engaging in augmented reality treasure hunts. Info via The Block here https://lnkd.in/dPny9zN9
đ Two UAE ( See slides)
⥠ADcrypto firm Phoenix Group acquires Bitcoin mining machines for $187mln
⥠Saudi Arabia Overtakes the UAE in Middle East VC Fund Raising
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đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
10th Jan Crypto & Coffee at 8
đĽ SEC Twitter (X) compromisedâââNO Spot ETF Bitcoin yet, đĄWhy Spot BTC approval sucks balls đ¨Bitcoin Fork due to Ordinals? Solana 2,500 developers â Mercari (Japan) to Enable Bitcoin Payments
â Spot Bitcoin ETF Drama
- U.S. Securities and Exchange Commission mentioned via Twitter (X) that The X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products. https://lnkd.in/dYA2Uk6Q Gary Gensler also tweeted a few hours ago âIf youâre considering an investment involving crypto assets, be cautious.â This page is temporarily unavailable.
Defiđ but Crypto market + Bitcoin is đť However Steven McClurg, co-founder of crypto asset manager Valkyrie, predicts that the SEC will approve a spot Bitcoin ETF âsometime after the market closes on Wednesday,â with trading beginning on Thursday. Fortune https://lnkd.in/dTYTU3cq
đ K33 Research predicts that Spot Bitcoin ETF Approval Will Trigger âSelling Pressureâ on CME Futures Market. A report here https://lnkd.in/dSgKUKnw states CME bitcoin futures open interest hit $6.2 billion Tuesday as institutions increasingly bet on a spot bitcoin ETF approval. The trend may soon reverse as investors will quickly unwind positions if ETFs get approved, K33 Research predicted.
Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts we share our commentary on this.
đ¨ Bitcoin Fork? v27
â The upcoming Bitcoin Core v27 update seeks to remove Ordinals from the Bitcoin blockchain. Advocates of this feature are encouraged to fork to a separate chain that accommodates their preferences. Luke Dashjr mentioned via X here https://lnkd.in/dexMB-vH that âInscriptionsâ are exploiting a vulnerability in #Bitcoin Core to spam the blockchain
đľ The Solana Foundation has seen a notable 50% rise in developer retention on its network in the past three months, with the Solana ecosystem now boasting over 2,500 active developers per month. Recent data from the foundation revealed that throughout 2023, the network consistently maintained a developer base ranging from 2,500 to 3,000 active developers. Report here https://lnkd.in/dsdNmwWf
đ Mercari, a Japanese e-commerce company, intends to enable users to buy products using Bitcoin by June. The facilitation of Bitcoin payments will be managed through Melcoin, Mercariâs blockchain subsidiary. Melcoin will act as an intermediary, converting Bitcoin into yen to transfer funds to sellers on the second-hand marketplace. They have over 22 million monthly active users, Info via Nikkei Asia https://lnkd.in/dCZYCxwW
đ Two UAE news
⥠GCC set to seize $15bn potential of the metaverseâââReport by PwC Middle East
⥠Why Spot Bitcoin ETF Approval goes against the ethos of Bitcoin Blockchain DXB
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đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
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⥠The Race Space Podcast
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
09th Jan Crypto & Coffee at 8
đĽSpot Bitcoin ETF: Gary Gensler imp Tweets đĄ BlackRock, ARK 21Shares, VanEck set lower fees for spot bitcoin ETFs đ´ $1.2 Million in BTC to Satoshi Nakamoto đ Upbit Korea Gets Full Licensing in Singapore
đ¨In anticipation of possible Spot Bitcoin ETF U.S. Securities and Exchange Commission chair Gary Gensler has put across a series of useful, important and powerful tweets (Now X) he has Some things to remember if youâre considering investing in crypto assets. A must to check it out here https://lnkd.in/dyuBkK9R Check out Blockchain DXB Crypto & Coffee at 8 podcast where we share our commentary on this. Also see slide 1 & 2 for global snapshot of #defi #stablecoins #oracles and more
đ¨ Gary Gensler emphasizes
- Compliance Warning: Crypto investments may not comply with laws, risking investorsâ key info and protections.
- Risk and Volatility Alert: Crypto assets are exceptionally risky, prone to volatility, insolvency, and value loss
- Fraud Warnings: Rising popularity attracts fraudsters, leading to scams like bogus offerings, Ponzi schemes, and theft.
đ¨ The website here has some interesting points SAY NO TO FOMO to consider to https://lnkd.in/dJDbXgqx
đŚ BlackRock, ARK 21Shares, VanEck set lower fees for spot bitcoin ETFs. Additional info via Seeking Alpha here https://lnkd.in/dEte6v_F
- BlackRockâââ0.30% of the ETFâs net asset value
- ARK 21Shares- 0.25% annualized fee rate
- VanEckâââ0.25% fee,
- Valkyrieâââ0.80% annual rate
- Fidelity Investments WiseâââOrigin Bitcoin Fund will charge 0.39%. More
S⥠outh Korean cryptocurrency exchange Upbit Korea has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license enables Upbit to provide regulated digital payment token (DPT) services in Singapore. Upbit had received in-principle approval from MAS in October, allowing it to continue operations while awaiting full licensing. Official info https://lnkd.in/dxcq9YF3
âA crypto user sent $1.2 million in Bitcoin to Satoshi Nakamotoâs Genesis wallet, sparking speculation about motives. Some think it could be linked to a Bitcoin ETF marketing stunt, while others suggest pressure to reveal Nakamotoâs identity due to tax rules. He sent some 27 bitcoinsâââworth $1.17 million You can validate the transaction here https://lnkd.in/dHJHARKM The power of Open Blockchain!
đ¨ The address receiving the recent hefty payout is Nakamotoâs wallet that mined the Bitcoin networkâs inaugural âgenesisâ block on Jan. 3, 2009, still containing the first 50 BTC reward, according to Blockchain.com data. After last weekâs payout, the address held nearly 100 BTC worth $4.5 million.
đ Two UAE ( See slides)
⥠Indian Crypto Companies Flock to Dubai to Escape Overbearing Laws at Home article by BeInCrypto
⥠Abu Dhabiâs AIQ joins forces with Amazon Web Services to revolutionise the energy sector with AI solutions
For slides click here http://tinyurl.com/26mdfeec
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đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
08th Jan Crypto & Coffee at 8
âhuobi-korea,to shutdown đ¨ Arthur Hayes foresees 30% Bitcoin dump đĽGrayscale drops MATIC adds AVAX, XRP âDavid Chaum Rebuilding Digital Money
âhuobi-korea, once the Korean branch of the global exchange HTX, announced its closure on January 29, citing challenges in the business environment. Despite the shutdown, users will still have the option to withdraw funds from the exchange. Info here https://lnkd.in/dGVAjaGV important to note The top five licensed exchanges in South Korea take up over 99% of the total trade volume in the country, official data showed, while some smaller platforms have gone out of business in recent months.
â Founded in 2017, huobi-korea ended its association with HTX (formerly Huobi Global) in January 2023. This shutdown aligns with the closure of other South Korean exchanges, including Cashierest and Coinbit in November. CoreDAX also temporarily suspended trading, facing issues such as delayed wages for employees.
đť Arthur Hayes foresees 30% Crash in Bitcoin. Why? Depletion of the Fedâs reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes predicts Bitcoin could plunge 20%-30% in the rout but would quickly rebound In his blog post here Hayes highlighted imminent risks for U.S. banks and markets converging in March, raising concerns about a possible âliquidity rug pullâ event reminiscent of the banking crisis experienced last March. https://lnkd.in/dByr9xCN
đď¸ Regarding Price predictions we at Blockchain DXB always say â All Price predictions are 100% right, 50% of the time
â Grayscale Investments, the asset manager, recently rebalanced three of its crypto funds, including the Digital Large Cap Fund, DeFi Fund, and Smart Contract Platform Ex-Ethereum Fund. Tokens like MATIC were removed, while Avalanche (AVAX) and XRP were added. This adjustment, part of Grayscaleâs quarterly review, aims to optimize fund performance based on market conditions, risk assessments, and investment objectives.
đ Despite MATIC being dropped from one portfolio, it remains in the GSCPxE Fund. Grayscale employs the CoinDesk DeFi Select Index methodology for fund benchmarks. The rebalancing reflects efforts to adapt to changing market dynamics and enhance fund performance.
đ David Chaum- âGodfather of Cryptoâ is Rebuilding Digital Money Great interview with Cointelegraph editor-in-chief Kristina Lucrezia Cornèr at Cop28 2023. Interview via YouTube here https://lnkd.in/dEYdjwNr Check out Blockchain DXB Crypto & Coffee at 8 podcast. We share our commentary on David Chaumâs plans to rebuild digital Money
đ Two UAE news (See slides)
⥠MRHB.Network Expands to Saudi Arabia with plans for enterprise blockchain and R&D Hub in Riyadh
⥠Abu Dhabi Customs strengthens customs inspection ecosystem with AI-powered technology
For slides click here: http://tinyurl.com/nbpnca2c
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đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
04th Jan Crypto & Coffee at 8
đą USDC Stablecoin Depegs to $0.74 on Binance âSouth Korea Bans Crypto Buys With Credit Cards âIndiaâs Digital Rupee đ¨Nigeriaâs New Rules for Crypto Firms
đą Circleâs USDC stablecoin, tied to the US dollar, dropped to as low as $0.74 three times during a market sell-off triggered by doubts about the approval of a Bitcoin ETF. The declines occurred between 12:10 and 12:21 UTC on Binance against its USDT trading pair. Each time, the price swiftly rebounded to $1, indicating a lack of liquidity to maintain the stablecoinâs peg during intense selling. Info via CoinDesk https://lnkd.in/dc5GyNQ9
đĽ This could have been Catastrophic. If FUD was created similar to the Terra LUNA situation?
đ¨ South Koreaâs Financial Services Commission (FSC) has suggested a ban on using credit cards for cryptocurrency purchases due to concerns about the âillegal outflow of domestic funds overseas.â The proposal aims to extend the prohibition of credit card payments to include transactions with cryptocurrency exchanges, with the goal of preventing foreign currency outflow and countering money laundering, according to the regulatorâs announcement on Thursday. Info here https://lnkd.in/de6YvwUb
â Important to note Last month, the FSC proposed rules to protect users of crypto exchanges, requiring the exchanges to store at least 80% of their customersâ deposits in cold walletsâââcrypto wallets not permanently online and thus less vulnerable to hacks. Under the rules, exchanges would also have to pay fees to customers for using their deposits.
â Indiaâs CBDC
- Indiaâs digital rupee, part of a retail Central Bank Digital Currency (CBDC) pilot, achieved over a million transactions in a single day on December 27, 2023. The initiative is active in more than 15 cities, with over a dozen banks participating. A letter from the Reserve Bank of India (RBI) Governor Shaktikanta Das on December 29 revealed this milestone. Additionally, one of the participating banks reported being encouraged to deposit employee funds and benefits using the digital rupee instead of traditional fiat currency.
đ¨ Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulatorsâ softening stance toward digital assets.
The Central Bank of Nigeria has released guidelines for banks on digital assets, signalling a relaxation in the countryâs strict stance on crypto. The guidelines provide details on the recent decision to allow financial institutions to open accounts for virtual asset service providers, marking a significant shift from the previous ban on servicing crypto firms. Guidelines here https://lnkd.in/dmipF-aY
đ Two news from UAE
⥠Saudi Arabiaâs Grand Mosque deploys AI to give personalised guidance to pilgrims
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse 01st Feb by Blockchain DXB
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03rd Jan Crypto & Coffee at 8
đ#BTC 15 yr anniversary + Bitcoin White paper by chatGPT âPossible Spot #BTC ETF RejectionâââMatrixportâ Arbitrumâs ARB token new recordđ Saylor Selling $216M MicroStrategy stockđđť
âWhy the SEC will REJECT Bitcoin Spot ETFs again
- Crypto investment services provider Matrixport expects the U.S. Securities and Exchange Commission (SEC) to reject all applications to list a spot bitcoin exchange-traded fund (ETF) this month. Great information here https://lnkd.in/dv_uipAc We at Blockchain DXB strongly agree with a note stating âThe current five-person voting Commissioners leadership critical for the ETF approval of the SEC is dominated by Democrats. SEC Chair Gensler is not embracing crypto in the US,â in this great article by Markus Thielen
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast. We share our commentary on this
đ´ CoinDesk states that because of this article $400M were Liquidated in Two Hours Open interest fell by $2 billion due to liquidations, the dwindling value of BTC and traders reducing exposure on both the long and short side Info here https://lnkd.in/dveJBRq6
đľ Even gold advocate and bitcoin detractor Peter Schiff warns that spot Bitcoin ETF approval could collapse the BTC market, His tweet here https://lnkd.in/dEinAvQB
đ Samson Mow also states something crucial that the Bitcoin ETF race will push issuers to disclose addresses Disclosures of verifiable on-chain proofs showing Bitcoin reserves would be the best option for spot Bitcoin ETF issuers to ensure their holdings. But none of the existing 14 applicants have been working to provide on-chain proofs, Mow said in an interview with Cointelegraph on Dec. 28. https://lnkd.in/dbfEPkNp
đ¨ Michael Saylor, the executive chairman of MicroStrategy, has initiated the sale of $216 million in company stock options, as revealed by a recent regulatory filing. Saylor intends to divest 5,000 shares per trading day over the next four months to meet personal commitments and to increase his personal Bitcoin holdings. Notably, MicroStrategyâs shares experienced an 8.5% increase on Tuesday, defying the broader market trend of decline in cryptocurrency-related stocks. Filings here https://lnkd.in/d8f-VaWr
đ The Arbitrum token achieves a new all-time high as the total value locked surpasses $2.5 billion. Network transaction volumes have surpassed those of Solana-based applications, which experienced a surge following a meme coin-driven frenzy in December. The price has climbed some 10% in the past 24 hours, beating the broader crypto market, while on-chain volumes on Arbitrum-based applications crossed $920 million. Info via DailyCoin here https://lnkd.in/dDvygjt2
đ Two UAE news (See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 31st Jan
⥠PESTLER analysis on Bitcoin on 31st Jan (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB
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2nd Jan Crypto & Coffee at 8
đ Bitcoin đ causes MicroStrategy + Coinbase đ đĽOrbit Chain hacked for $80 Million âBinanceâs CZ Denied to Leaving USA
đ Impact of #BTC ETF
- In pre-market trading on January 2, the stock prices of MicroStrategy, focused on Bitcoin, and cryptocurrency exchange Coinbase experienced significant surges following the rise in Bitcoin prices above $45,000 and the approaching decision deadline for the Bitcoin ETF on January 10. Coinbase shares saw a 6% increase, reaching $184.99, while MicroStrategyâs stock witnessed a notable 9.14% rise, reaching $689.11. Cointelegraph here https://lnkd.in/d_QHwzx9
â But thereâs an update to ETF Eric Balchunas Senior ETF Analyst for Bloomberg mentioned via Twitter that new Grayscale Investments amendment just dropped. Clear language on cash only but still no AP named, just blanks where name should go. Not sure why since the U.S. Securities and Exchange Commission wants to see it and they have been pretty cocksure about having one. Also, nothing on fee (that I could see). Thatâs a big open question too. Info here https://lnkd.in/dPb_q-_y
đĽ 1st Jan: Hack
Cross-chain bridge initiative Orbit Chain fell victim to a âcyberattack,â resulting in the illicit withdrawal of over $80 million from its bridge. The project disclosed that an âunidentified accessâ occurred on Orbit Bridge, leading to the identification of approximately $84.5 million dispersed across multiple wallet addresses associated with the attacker. The pilfered funds consist of 26,741.6 ETH held across five addresses (equivalent to around $64.5 million at present market prices), along with nearly $20 million worth of the stablecoin DAI stored in three other addresses. We strongly recommend following series of tweets here https://lnkd.in/dEJGmMA3
â A federal judge once more rejected Binance founder Changpeng Zhao
âCZâ Zhaoâs plea for authorization to travel overseas while he awaits
sentencing for criminal charges in the United States. This decision, rendered
by Judge Richard Jones of the U.S. District Court for the Western District of
Washington represents the second instance in which Zhaoâs request to travel abroad has been denied. Prosecutors contended that permitting the former Binance executive to travel posed a flight risk. Info via CoinDesk here https://lnkd.in/dUcRFA4g
đŽđť Federal prosecutors have declared that legend Sam Bankman-Fried, the founder of FTX, will not be subjected to a second criminal trial, citing concerns that it would impede the prompt resolution of the case. They contend that the initial trial yielded ample evidence of Bankman-Friedâs financial crimes, rendering a second trial superfluous.
đ Two UAE News (See slides)
⥠Dubai Electricity & Water AuthorityâââDEWA Elevates Clean Energy Leadership with Metaverse Innovation
⥠MADA Capital in the UAE invests in the growth fund for the global Web3 metaverse platform Cretaâs ecosystem expansion
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01st Jan Crypto & Coffee at 8
đĽ Bitcoin ETF update AP added đ¨ OKX to Delist Privacy Coins Including Monero, Dash, Zcash âĄ#BTC worth $1B leaves exchanges âAvalanche to purchase MEME coins
đBTC Spot ETF
- BlackRock has enlisted J.P. Morgan and Jane Street as (AP) authorized participants for its Bitcoin ETF. Meanwhile, Valkyrie has named Jane Street and Cantor Fitzgerald as authorized participants for their Bitcoin ETF. Official info via U.S. Securities and Exchange Commission filings here https://lnkd.in/dmwEuySS & here https://lnkd.in/dp39v2Xf CoinDesk article states that some industry experts were surprised to see J.P. Morgan was named in BlackRockâs filing, given CEO Jamie Dimonâs strong negative stance on bitcoin and the crypto sector in general. Just earlier this month, Dimon said he would ban crypto if he were the government and is âdeeply opposedâ to the asset class. https://lnkd.in/dd9hQf5C
â SEC is expected to decide on whether or not it will approve a spot bitcoin ETF between January 5 and 10.
đľđť OKX, the cryptocurrency exchange, is set to delist 20 trading pairs, including significant privacy coins like Monero (XMR), Dash (DASH), and Zcash (ZEC) by January 5. The decision is attributed to these trading pairs not meeting the exchangeâs listing criteria, with no additional details provided. Official info here https://lnkd.in/dZTdh5iE The website does mention that based on feedback from users and the OKX Token Delisting / Hiding Guideline, we will be delisting several trading pairs that do not fulfill our listing criteria.
â #HODL ???
Bitcoinâs bullish outlook is reinforced by ongoing on-chain activity. On Wednesday, a notable development occurred as over 28,000 BTC, valued at $1.19 billion, departed centralized exchanges. This marked the most significant single-day outflow in BTC terms since Dec14, 2022, based on data provided by blockchain analytics firm Glassnode
â CoinDesk mentioned via Twitter However, Coinbase CEO Brian Armstrong replied Bitcoinâs bullish outlook is reinforced by ongoing on-chain activity. On Wednesday, a notable development occurred as over 28,000 BTC, valued at $1.19 billion, departed centralized exchanges. This marked the most significant single-day outflow in BTC terms since December 14, 2022, based on data provided by blockchain analytics firm Glassnode. https://lnkd.in/dW2RBVyb
đ¨ The Avalanche Foundation, a non-profit organization guiding the development of the Avalanche network, has announced plans to acquire a variety of meme coins through its âCulture Catalystâ program. This initiative aims to expand the foundationâs portfolio and explore diverse possibilities by purchasing specific Avalanche-based meme coins to form a collection. Official info https://lnkd.in/d8r_4jTc
đ Two UAE news (See Slides)
⥠Adani Enterprises Limited arm forms JV with UAE-based Sirius for AI, IoT & Blockchain
⥠Saudi Arabia is ready to embrace AI era through global partnerships
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28th December: Crypto & Coffee at 8
đ MicroStrategy grows Bitcoin Reserves By 14K BTC đľ Grayscale Investments board resignations 𼜠Crypto Users Lost $2B đŚChina Web3 Accelerator
đ§Ą MicroStrategy has added to its Bitcoin holdings with a substantial purchase of 14,620 Bitcoin, totalling $615.7 million. This move comes as the companyâs stock experiences a remarkable 337% surge in 2023, making it one of the top gainers among US companies valued at $5 billion or more, as reported by CNBC here https://lnkd.in/d76Hhch2
â Grayscale Investments experiences a series of board resignations amid its pursuit of a Bitcoin ETF.
đ¨ In a formal 8-K filing submitted to the U.S. Securities and Exchange Commission Commission on December 26, Grayscale disclosed the departure of Barry Silbert, the founder and CEO of Digital Currency Group (DCG), Grayscaleâs parent company. Mark Murphy, serving as the president of DCG, has also submitted his resignation from Grayscaleâs board. The effective date for both resignations is set for January 1, 2024. To fill the vacancies, the board will welcome incoming members Mark Shifke, Matt Kummell, and Edward McGee. More info via Finance Magnates here https://lnkd.in/dtzcyi9F
đĽ Grayscale, being one of the 14 firms that have applied for a Bitcoin Exchange Traded Fund (ETF) spot, has actively engaged in discussions with the Securities and Exchange Commission (SEC) regarding its Grayscale Bitcoin Trust. The investment firm has emerged as one of the largest players in the cryptocurrency industry, recently winning a lawsuit against the SEC in August 2023 related to the Bitcoin ETF review.
đ´ DEFI in 2023
- In 2023, cryptocurrency enthusiasts experienced losses totalling $2 billion due to hacks, scams, and exploits, as reported by DeFi. This amount represents a notable decrease compared to the estimated $4.2 billion reported in 2022. Itâs worth noting that the previous year also saw significant losses, with $40 billion attributed to the collapse of Terra, Celsius, and FTX. The reduction is largely attributed to improved security protocols, the industry remains susceptible to security risks. More info via CoinDesk here https://lnkd.in/dNu5zYzu
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 we share our commentary on this. We also Chinese Web3 VC to launch $10B accelerator fund
đ Two UAE news (See slides)
⥠Scienjoy Verse Tech Ltd: Pioneering the future of the metaverse from Dubai
⥠The transformative potential of AI to be addressed at Medlab Middle East by Beelal
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26th December: Crypto & Coffee at 8
â29th DecâââDeadline for Spot Bitcoin ETF Filing Amendments âď¸ Bitcoin hash rate new ATH đ¨Sothebyâs digital art in 2023 đ¨Google search on AI Bitcoin & AI
â U.S. Securities and Exchange Commission and Exchange Commission (SEC) has set a deadline of December 29, 2023, for spot Bitcoin exchange-traded fund (ETF) applicants to finalize their filings. At least 7 companies, including representatives from Nasdaq and Cboe Global Markets, have engaged with the SEC in pursuit of spot Bitcoin ETF approval. The SEC has requested at least two of these companies to submit their final changes by the specified deadline. The SEC has told issuers that applications that are fully finished and filed by Friday will be considered in the first wave. Anyone who is not will not be considered. In addition, the filings cannot mention in-kind creation or they will be rejected. More info via Reuters here https://lnkd.in/dPPww7tS
â The regulator is due to decide on two filings by 10 January 2024.
đ˛ On Christmas Eve of 2023, Bitcoin achieved a new record in daily transactions and hashrate. Miners verified an unprecedented 723,459 transfers on that day, surpassing the previous peak of 710,579 verifications recorded on November 19, 2023. In addition to establishing a new daily transaction record on Christmas Eve, Bitcoin (BTC) miners reached a new
peak in the networkâs overall hashrate. On December 24, the cumulative hashrate surged to 546 exahash per second (EH/s), a notable increase from the previous dayâs 538 EH/s, coinciding with a network difficulty surpassing 72 trillion. This translates to an impressive rate of 546 quintillion hashes per second (H/s) or 0.546 zettahash per second (ZH/s). Notably, from January 1, 2023, to the present date, the hashrate has witnessed a remarkable increase of 311 EH/s. More info via Bitcoin.com here https://lnkd.in/dxjVRAPm
đ¨ Sothebyâs, the venerable British-American auction house, achieved remarkable success in the digital art market in 2023. With sales totaling nearly $35 million, the auction house set a new record for the highest fee garnered from digital artwork. Michael Bouhanna, Sothebyâs Vice President and Head of Digital Art, described 2023 as one of the most thrilling years for digital art. More info Michael Bouhanna via Twitter (Now X) here https://lnkd.in/d7dETdBR
đ Since the launch of ChatGPT in November last year, Google searches for âAIâ have outpaced interest in âBitcoinâ and âcrypto.â Data from Google Trends indicates a notable preference for information on artificial intelligence throughout the year.
đ Two UAE news (See slides)
⥠Ayshei UAEâs Web3-enabled online auction marketplace set for January 2024 launch
⥠Dubai: RTA collaborates with UN experts for smart transportation through big data and AI
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25th December: Crypto & Coffee at 8
đ´Solana overtakes Binance BNB chain âSEC Chair Gary Genslers views on the crypto đ Coinbase Base Network $735M TVL âď¸Minecraftâs Integration of Worldcoin đETF calendar by CoinMarketCap
-SOL>BNB
đ´ Check out Blockchain DXBâs Crypto & Coffee at 8 we share our opinion on this. Also, see slides 1 & and 2 and We discuss the top 5 DAPPS on Solana Blockchain. Info via DappRadar
â State of Crypto, a CoinDesk newsletter/ article shares some interesting insights about U.S. Securities and Exchange Commission chair Gary Genslerâs view on the crypto industry/ Full article here https://lnkd.in/d_d-s9um A quick summary is below
- SEC Chair Gensler expresses concern about fraud and bankruptcies in crypto.
- Some crypto entrepreneurs build non-compliant business models, according to Gensler.
- The SEC, led by Gensler, sued major exchanges like Coinbase and Binance.
Gensler emphasizes the need to address fraud and protect customers.
- The SEC is reviewing new spot bitcoin ETF applications.
- Gensler believes crypto investors lack proper disclosures from projects.
đ Base Network, a project incubated by Coinbase, continues to exhibit steady growth, albeit at a slower pace compared to its initial surge. According to the latest figures from L2Beat, Baseâs total value locked (TVL) has reached almost $735 million, reflecting a 4% increase over the past week.
â According to the data from L2BEAT here https://lnkd.in/dQsyr5sa since its official launch in August 2023, the TVL of Base Network, representing the total dollars within the network, has increased from $592 million at the end of November and exceeded $600 million.
đ¨ Minecraft + Worldcoin
Despite Minecraftâs typical resistance to the blockchain, Microsoft has given its approval for Worldcoinâs new integration with the game, signalling an exception to the gameâs crackdown on crypto and NFTs. Worldcoinâs app integration uses the World ID credential for user verification, letting Minecraft server operators require players to authenticate themselves before being granted certain in-game permissions. Info via Decrypt here https://lnkd.in/de3iaCWW
đď¸ CoinMarketCap has hashtag#BitcoinETF approval calendar posted by Satoshi Club under the community page https://lnkd.in/duQ-DPx5
đ Stop The Crypto Banâ petition, initiated on Change.org by the Chamber of Digital Commerce on Dec. 16, has garnered nearly 10,000 signatures at the time of writing. This is in response to Crypto Ban by Senator Elizabeth Warren
â Which political parties want to ban crypto?
- Out of the 19 19 U.S. senators 16 are Democrats 2 are Republicans (RINO) and one Independent. Check out our episode on this
đ Two UAE news (See slides)
⥠Phoenix Group Reinforces Its Tech and Web3 Portfolio with Strategic Investment in Lyvely (UAE-based platform)
⥠WEMADE (WEMIX) teamed up with Whampoa Digital to launch a $100 million Web3 fund for driving digital asset initiatives in the Middle East.
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Guest: Tom Maming
Host: RA George
Date: 21st December Time 09:0am CST
Contact info for Tom Maming
Google Image for Tom Maming When you search for Spartan Trifecta
Google Search 1 http://tinyurl.com/48zxwmav
Google Search 2 http://tinyurl.com/yc6hjvd4
Facebook: @ tom.maming http://tinyurl.com/5a64bb8f
Instagram @tommaming http://tinyurl.com/yc3rb4er
Tomâs interview with Spartan Chief of Staff is here https://www.facebook.com/watch/?v=774691113704640
Tom's Signature at Rope Climb Obstacle https://www.facebook.com/reel/202978759532796
Summary of the conversation
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21st December: Crypto & Coffee at 8
đStacks STXđ Bitcoin Blockchain info đSHIB Domains for Websites and Email đChinaâs Web3 strategy BlackRock + Nasdaq + SEC meeting
đ¨Tim Draper in an interview on The Coin Bureau. said some positive things about Stacks STX & Stacks (STX), the native token of Stacks Network, zipped higher by 27% Full interview via YouTube here https://lnkd.in/dsATvp2e
- Back in 2014, Draper scooped up around 30,000 Bitcoin for $19 million after the U.S. Marshals took down Silk Road.
- He also expects bitcoin to rise to $250,000 by 2025.
- He also predicted predicted $250k in 2022 tweet in 2018 here https://lnkd.in/dxMw5Hzs
đ¨ Bitcoin blockchain has exceeded half a terabyte in size due to a surge in transactions and expanded block capacity. Bitcoin blockchain, node operators now need in excess of 500 gigabytes (GB) of available storage. Downloading the full blockchain would take about 47 hours and 44 minutes using a standard 24 Mbps ADSL connection.
.shib
-Shiba Inu team is collaborating with domain company D3 to pursue the launch of SHIB domains for websites and email. Together, they are advocating for approval to establish the first-ever crypto top-level domain.
There has not been much movement on the price of hashtag#SHIB since the announcement though. The team has partnered with D3 Global, a digital infrastructure provider, to help make Shiba Inuâs application for a TLD as compelling as possible. The last time ICANN opened applications for new top-level-domains was back in 2012, More info via Decrypt on this here https://lnkd.in/d9AtEJm2
đ¨ Chinaâs Ministry of Science and Technology announced on Tuesday its intention to unveil a Web3 strategy document. The document aims to provide clarity on the countryâs direction for the industry, offering insights into the planned path forward. Info here https://lnkd.in/dgqJdsWM
The collaborative strategy document from Chinaâs Ministry of Science and Technology, the Chinese Academy of Sciences, and the China Association for Science and Technology will address Web3 issues like inheritance, innovation, security, and government obligations. The ministry aims to boost inter-departmental collaboration, drive Web3 innovation, conduct research, and develop industry talent.
đ Two UAE news (See slides)
⥠Changer.ae Ltd launches its Crypto Custodian Services in the UAE Abu Dhabi Global Market (ADGM)
⥠Beta testing of Yasmina, the human-like AI assistant, kicks off in Saudi Arabia
Check out Blockchain DXBâs Crypto & Coffee at 8 series where we share our commentary the U.S. Securities and Exchange Commission meeting with BlackRockâs Head of Digital Assets + Nasdaq
For slides click here: http://tinyurl.com/27c9f7nt
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⥠The Race Space Podcast
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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19th December: Crypto & Coffee at 8
đ¨ BlackRock ARK and WisdomTree revises Spot Bitcoin ETF đ OKX NFT Marketplace tops Blur & OpenSea âZcash founder Zooko Wilcox news đťZilliqa transactionsđť
đ¨ BlackRock, ARK Investment Management LLC led by Cathie Wood, and WisdomTree Asset Management are among the recent applicants for spot Bitcoin ETFs that have adjusted their filings in accordance with the U.S. Securities and Exchange Commissionâs cash-only model. Filing can be found here https://tinyurl.com/2s37amuu & https://tinyurl.com/w7j4k8jp They are amending their filings to comply with the cash redemption model demanded by securities regulators. More info via Cointelegraph here https://tinyurl.com/3zp8m4fh
It would be great to follow on Twitter here https://tinyurl.com/48mfmuhn
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our commentary on it
đ Ethereum: đ˘ ETF update James Seyffart, CFA, CAIA mentioned via Twitter that the SEC is pushing back its decision on several Ether (ETFs) to May 2024. https://tinyurl.com/6ytnz48d.
đ On December 18, the OKX NFT Marketplace achieved an impressive 24-hour trading volume of $50 million, outperforming its rivals in the competitive NFT space. You can check this info here https://tinyurl.com/mud6khte
The NFT marketplaceâs trading volume surged as it offered Bitcoin Ordinals trading. According to CryptoSlam Inc, the Bitcoin network experienced a significant week, boasting a robust sales volume of $367 million. This surpassed the combined weekly trading volume of Ethereum and Solana, which amounted to $91 million.
â Zooko Wilcox-OâHearn, the founder of Zcash Foundation, has resigned from his position at Electric Coin. In his stead, Josh Swihart, who has served as the vice president at Electric Coin for almost five years, has been appointed as the new CEO. Josh Swihart briefly stepped away from the firm for a four-month period before assuming this leadership role.
đť Zilliqa ecosystem, valued at $383 million, is currently facing disruptions due to a âcritical situationâ affecting its network. The disruption has led to a pause in activity, with the last transaction recorded around 11 am UTC, and no new blocks have been produced since then. https://tinyurl.com/4ne9j2v5
đ Two UAE news
⥠Bybit Unveils Crypto Ark Space in Dubai to Enhance Web3 Adoption
⥠Oracle targets training 50,000 Saudis in AI, the latest tech
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18th December: Crypto & Coffee at 8
đ¨Tether.to Confirms Collaboration with DOJ, FBI + Secret Service đĽLedger Exploit Drained $484K đŁBitcoin fees hit 20-month highđ
đ¨Tether.to has officially acknowledged its extensive collaboration with various U.S. government agencies, such as the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. The collaborative efforts are aimed at enhancing the security of the stablecoin ecosystem for all users and supporting law enforcement initiatives against illicit activities.
â In a series of letters directed to Senator Cynthia Lummis, Tether highlights the collaboration relationship that the company has established with the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the U.S. Secret Service, aiming to âcombat illegal activities and aid in fund recovery.â
⥠CEO Paolo Ardoino states that the company had taken a proactive security stance, freezing the funds held in wallets included in the Office of Foreign Asset Control (OFAC) Specially Designated Nationals (SDN) list. Paolo A. declared this measure is a âdefinitive move designed to protect our users and the integrity of the stablecoin ecosystem.â
â More info via Bitcoin.com here https://tinyurl.com/4nj9m98f
â Are stablecoin issuers replacing the role of a bank?
đ¨ On December 14th, 2023, Ledger encountered an exploit on Ledger Connect Kit, a Javascript library connecting websites to wallets. The industry collaborated to swiftly neutralize the exploit, which operated for less than two hours. Ledger actively investigated, filed complaints, and assisted affected individuals in fund recovery. Importantly, the exploit did not compromise the integrity of Ledger hardware or Ledger Live; it was confined to third-party DApps utilizing the Ledger Connect Kit.
đĄ Hackers stole $484,000 on Thursday
An update later was that The genuine Ledger Connect Kit 1.1.8 was now fully propagated. Ledger and WalletConnect can confirm that the malicious code was deactivated.
đ Bitcoin transaction fees have surged to a 20-month high, coinciding with the price of BTC reaching $69,000. Recent data indicates that Bitcoin miners are reaping significant benefits from these elevated fees. While some market participants express concerns, many long-term players dismiss complaints about the current fee levels. Bitcoin Ordinals inscriptions has resulted in elevated transaction fees for all network users. The size of the unconfirmed on-chain transaction backlog is vast, resulting in transactions with an attached fee of even $2 having no on-chain priority. You can track detailed info here https://mempool.space/
-350,000 transactions are waiting to be confirmed!
đ Two UAE news (See slides)
⥠Mubadala-backed Andalusia Labs raises $48m and sets up Abu Dhabi headquarters
⥠UAE-based Seagrass and The Hashgraph Association announced the launch of a co-funded carbon credit Web3 identity wallet
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Metal Meltdown Insights: Sid's Expertise Unleashed on the Dynamics of Heavy Metal and Extreme Music, Illuminating the Latest Releases and Industry Trends
Guest: Sid Sagar
Host: RA George
Date: 13th Nov, Time: 17:00 GMT, Recorded via Google Meet
Contact Info for Sid Sagar
Instagram: @the_desi_blegh http://tinyurl.com/shcas42p
Summary of the conversation:
Thank you for thepodcast: For feedback or suggestions drop us an email to info@blockchaindxb.com
14th December: Crypto & Coffee at 8
âFOMC: Intrest Hike unchained causes Cryptođ SEC Meets with BlackRock, Fidelity Investments, Franklin Templeton, and Grayscale Investments ⥠Zimbabwe University: Web3 plans
đ Federal Reserve Board chair Jerome Powell announced no interest rate hike & and remained unchained at at 5.25â5.50% but a strong possibility of an increase in 25bps in 2024. We strongly recommend watching the full interview here via YouTube http://tinyurl.com/2a6yfans Some interesting information about Labor Market conditions and recession.
â FXStreet article statesâââBitcoin price shoots to $42,800 as FOMC keeps interest rates unchanged http://tinyurl.com/mrxpjjfb
â CoinDeskâââBitcoin Bounces Over $43K, Altcoins, Crypto Stocks Burst Higher http://tinyurl.com/3vxs9txs
â BankrateâââArticle discussing How the Fed impacts stocks, crypto and other investments http://tinyurl.com/2zyb36w5
â Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts we share our commentary on it. We also discuss Binanceâs former CEO CZâs update
⥠U.S. Securities and Exchange Commission held meetings with four different issuers regarding their spot bitcoin exchange-traded fund (ETF) filings. According to meeting memorandums posted on the SEC website, Grayscale and Franklin Templeton met with the SEC on Dec. 8, Fidelity Investments on Dec. 7, and BlackRockâs latest meeting with the SEC was on Dec. 11. Info by James Seyffart, CFA, CAIA Senior ETF analyst of Bloomberg.
Does it mean Bitcoin Spot will be approved? Not Really! We at Blockchain DXB strongly feel a Bitcoin spot ETF may be approved by 2025
đ One of the issues BlackRock, and other spot bitcoin ETF issuers, discussed with the SEC concerns the use of the in-kind creation model instead of the cash creation model for their spot bitcoin ETFs. While the SEC favors the cash model, Blackrock and other issuers advocate for in-kind creation. To address the regulatorâs concerns, Blackrock has proposed a revised in-kind model. In its latest spot bitcoin ETF filing update, Blackrock addressed the potential classification of bitcoin as a security by the SEC.
â Bloomberg has predicted a 90% chance of the SEC approving spot bitcoin ETFs by Jan. 10.
đ¨ On December 8th and 9th, the University of Zimbabwe collaborated with the South Africa-based Mzansi Web3âââICP.Hub Southern Africa Web3 Hub to host its first-ever blockchain hackathon. Taurayi Rupere, the chairman of the universityâs computer science department, emphasized that the hackathon aimed to cultivate innovative developers with a mindset geared towards thinking beyond conventional boundaries. More info via Bitcoin.com here http://tinyurl.com/9eszbbzy
đ Two UAE news (See slides)
⥠CoinMENA Gains Vital Dubai Crypto License, Expands Reach
⥠Dubai awards conditional crypto license to climate-friendly Web3 firm
For slides click here http://tinyurl.com/3svjsddw
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13th December: Crypto & Coffee at 8
đ Inflation up at 3.1% + FOMC = Crypto downđť Former U.S. President đĽ Donald Trump launches NFT ⍠BlackRockâs #BTC ETF update â˝FIFA NFTs on Polygon
đ CPI: Inflation
đ The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October, the U.S. Bureau of Labor Statistics reported yesterday. Over the last 12 months, the all-items index increased by 3.1 per cent before seasonal adjustment. Official info via the Bureau of Labor Statistics here http://tinyurl.com/2s6ker6t Based on this Federal Reserve Board chair Jerome Powell will be announcing the interest rate. Federal Open Market Committee releases its statement at 2 p.m. Eastern. via YouTube
Based on the CPI numbers the global crypto market decreased by 2.13%. See slides 1 & and 2 for a global snapshot. If Fed chair increases the interest rate hike the price of Bitcoin should dump?
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts for our commentary.
đ¨ Trump 2024
Former U.S. President Donald Trump has introduced an innovative digital trading card collection known as the Mugshot Edition, marking his initial foray into the realm of physical cards. For those acquiring 47 of these distinctive cards, a unique bonus awaits: a fragment of the suit worn by Trump during his mugshot, coupled with an exclusive invitation to a gala dinner hosted at his Mar-a-Lago residence. Official announcement via Truth Social here http://tinyurl.com/2mm9ck69 You can buy it here from https://collecttrumpcards.com/
⍠BlackRockâs Bitcoin ETF is now extending an invitation to Wall Street banks for participation. A modification in the design of the proposed spot bitcoin ETFs allows authorized participants (APs) to generate new shares in the fund using cash, as opposed to solely relying on cryptocurrency. This adjustment essentially broadens accessibility, accommodating banks that face restrictions in directly holding cryptocurrencies.
CoinDesk article states, As highly regulated U.S. banks are unable to hold bitcoin themselves, this set-up would enable the likes of JPMorgan Chase & Co. or Goldman Sachs firms with some of the largest balance sheets in the world to act as APs to BlackRockâs ETF. http://tinyurl.com/37k35h7n
â˝ FIFA has decided to mint soccer NFTs on the Polygon blockchain, emphasizing its commitment to Algorand. While the FIFA+ Collect platform will persist in releasing NFTs on Algorand, the soccer powerhouse is also extending its reach to Polygon through drops on OpenSea Official announcement here http://tinyurl.com/2n2w494p states FIFA is launching a new set of NFT collectibles across Algorand and Ethereum scaling network Polygon ahead of the FIFA Club World Cup Saudi Arabia 2023,
đ Two UAE news (See slides)
⥠Coinbase launches institutional tokenization platform in Abu Dhabi
⥠Saudi aramco, SBI explore digital asset investment collaboration.
For slides click here: http://tinyurl.com/4j5sujau
LinkedIn Profile: https://tinyurl.com/bdeevbru
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12th December: Crypto & Coffee at 8
đĽ End of Binance đ¨Chinaâs to verify 1.4 B people using Blockchain đ El Salvador: Worldâs First Bitcoin Bonds đŚ FOMC meeting tomorrow
đ¨ The former head of internet enforcement at the U.S. Securities and Exchange Commission (SEC) John Reed Stark has issued a stark warning, suggesting that the recently revealed U.S. Department of Justice) filing may mark the demise of Binance. He emphasized the SECâs intensified legal efforts against Binance, expressing the belief that itâs inevitable for the Binance plea deal to unravel, leading to further charges against the platform, its CEO Changpeng Zhao, and potentially others involved. More info via Twitter (Now X) https://lnkd.in/eKaBmKMT Check out Blockchain DXBâs Crypto & Coffee at 8 podcast we share our commentary on this
đ CoinDesk has also reported that Binanceâs Market Share of Crypto Trading Tumbled to 30% in 2023 The exchangeâs monthly spot volume fell to $114 billion in September from nearly $500 billion in January amidst a regulatory crackdown in the U.S. https://lnkd.in/eTD3czUJ.
â A few days ago Binance also withdrew its bid for an investment
management license in Abu Dhabi, having deemed it unnecessary to the companyâs âglobal needs.â
đľ China Launches Blockchain ID Verification for Citizens
Following a government directive for social media influencers to reveal their real names, China has introduced a blockchain-based platform to authenticate and verify the identities of its citizens. CoinDesk article
here https://lnkd.in/eriCPhk9 states Chinaâs Ministry of Public Security
spearheaded the initiative, called RealDID, with help from BSN. The RealDID
service launch will enable users to register and log in to websites anonymously using DID addresses and private keys, ensuring that business data and transactions remain disconnected from personal information.
â US Presidential candidate Nikki Haley Shares similar PlansâââA Republican
supported by a Democratic Billionaire should raise concerns
El Salvador: #BTC Bond The Volcano Bond has just received regulatory approval from the Digital Assets Commission. The bonds are expected to launch in Q1 of 2024, several posts amplified on social platform X by President Nayib Bukele here https://lnkd.in/eYJ-T_dH
đ¨ FOMC meeting takes place on the 13th of Dec. There is widespread speculation about whether Federal Reserve Board Chair Jerome Powell will continue to uphold the current elevated benchmark interest rate.
How will this impact the price of Bitcoin and cryptocurrency? We strongly
recommend tracking the price a few hours before, during & and after the
announcement
đ Two UAE news (See slides)
⥠Abu Dhabi becomes more attractive to the crypto industry roiled by crackdown
⥠Zepeto operator to support UAEâs metaverse business in the media accelerator zone
For slides click here: http://tinyurl.com/ys6ff4w6
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Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
đ¨ 2023 SPARTAN WORLD CHAMPIONSHIP Registration link https://tinyurl.com/eaef9bkj #SpartanWC23
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Beyond the Finish Line! Mud, Sweat, and Victory: Conversation with Spartan Course Manager â Steve Hammondâ about the upcoming World Championship
Guest: Steve Hammond: Spartan Course ManageHost: RA George
Date 07th December
Time: 17:30 GST
Contact Details: Steve Hammond
Instagram: @trailmasterhammond https://tinyurl.com/23mbb7e4
Spartan World Championship Info: https://tinyurl.com/4yepr7rj
Summary of the conversation:
07th December: Crypto & Coffee at 8
đ¤đťMegadeth launches NFTđ¤đť Bitcoin Coreâs âv26.0â Upgrade⥠Binance suspends euro stablecoin AEURâ Michael Jackson on the blockchain
đ¤đťTrash metal legends MEGADETH announced a new nonfungible token (NFT) collection on Dec. 5, allowing fans exclusive access to content and physical experiences. Official info here https://lnkd.in/dRWeFZNR 5000 piece generative collection featuring Vic Rattlehead will be brought to life in a new way by our talented artist Haddy The Creator. The NFT goes Live on December 22nd, youâll have the opportunity to unlock doors in the real and metaverse world alike, gaining access to exclusive merchandise and VIP experiences unlike ever before including chances to collect signed items and one-on-one conversations with the band members themselves.
đ¨ #BTC Core v26.0
The v26.0 upgrade introduces experimental backing for the âv2â transport protocol outlined in Bitcoin Improvement Proposal 324 (BIP324). This protocol aims to enhance security by encrypting communication between nodes, mitigating the risks associated with potential attacks that could manipulate transactions. BIP324) was authored by Dhruvkaran Mehta, a notable Core contributor. Check out Blockchain DXBâs Crypto & Coffee at 8 podcast we explain this in detail
â AEUR
Anchored Coins, a fintech company located in Zug, Switzerland, issues AEUR. The company is affiliated with Verein zur Qualitätssicherung von Finanzdienstleistungen (VQF), a self-regulatory organization in Switzerland supported by the Swiss Financial Market Supervisory Authority FINMA. This association mandates compliance with Anti-Money Laundering obligations. The firmâs stablecoins are currently minted on Ethereum and BNB Smart Chain. Following a 200% surge in the price of AEUR, a stable currency, on Binance, decided to suspend trading. Users who bought AEUR at an inflated price and couldnât sell it before the halt will be compensated. Binance committed to assisting the AEUR project team in providing reasonable compensation to affected users within 72 hours. The stablecoinâs surge led to confusion among users who were unaware of its stable nature.
đ´ The inaugural studio demo of Michael Jackson, titled âBig Boy (One-Derful Version),â is set to be released on the blockchain as a non-fungible token (NFT) via the music platform Anotherblock. Recorded in 1967 during an early studio session at One-Derful in Chicago, the track captures eight-year-old Michael Jackson with his brothers. According to Michel D. Traore, CEO and co-founder of anotherblock, this blockchain release aims to transform the song from a mere commodity to an elevated digital experience. Via Cointelegraph here https://lnkd.in/dg2EWRNE
đ Two UAE news (See slides)
⥠Technology Innovation Institute unveils blockchain-powered carbon emissions tracking and trading platform
⥠Basatne International unveils UAEâs first AI-based robotics technology
For slides click here: https://tinyurl.com/u26kvv86
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
05th December: Crypto & Coffee at 8
đ Coinbase: US presidential forum đĽ Internal Revenue Service crypto tax info đĽśTether.to Blacklists 30+ Wallets đŚBanco ItaĂş enters crypto đ¨Notorious B.I.G. in The Sandbox
đ Stand With Crypto
The "Stand With Crypto" campaign initiated by Coinbase, a cryptocurrency exchange, aims to gather 2024 United States presidential election candidates for discussions on blockchain technology and digital assets. As of December 4th, the campaign has confirmed the participation of Republican candidates Asa Hutchinson and Vivek Ramaswamy, along with Democratic candidate Dean Phillips. The event is scheduled to take place in New Hampshire on December 11th. Invitations were extended to other candidates, including former President Donald Trump, independent candidate Robert F. Kennedy Jr., and Republicans Doug Burgum, Nikki Haley, Ron DeSantis, and Chris Christie. The discussions will focus on issues related to digital assets.
đĽ Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting. The investigation releases FY23 Annual Report highlighting more than 2,600 investigations, $37.1 billion identified from tax and financial crimes Official info here https://lnkd.in/d_3DREsZ Check out Blockchain DXB Crypto & Coffee at 8 podcast where we go in-depth on this news and provide our commentary on it. Also, take a look at slides 1 & and 2 below for a global crypto snapshot.
𼜠Tether.to, the issuer of the largest stablecoin, USDT, has blacklisted over 30 addresses that received billions in USDT, with $161 million traced to Whitebit, a European exchange. The motives behind the blacklisting remain undisclosed, and Tether is working in conjunction with the U.S. Department of Justice (DOJ) on this matter. via Bitcoin.com here https://lnkd.in/dXVhc4PJ
đŚ Banco ItaĂş, Brazil's largest private bank, is entering the cryptocurrency sector by introducing a trading service. The initial focus will be on Bitcoin and Ether, as reported by Reuters. The decision to venture into digital assets is influenced by the evolving regulatory landscape for cryptocurrencies in Latin America. Info here https://lnkd.in/dsg8gqVk Guto Antunes in an interview said "It starts with bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future,"
đ¨ Thereâs now a Notorious B.I.G. experience in The Sandbox metaverse, thanks to a collaboration between the game, the late rapperâs label Warner Music Group, and his estate, the metaverse platform announced Monday. More info here https://lnkd.in/dWAhYZKq
The allowlist for The Big Poppa Collection - inspired by Biggie's iconic style and legacy starts Dec 5
Two UAE news (See slides)
Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services from the Abu Dhabi Global Market (ADGM)
Abu Dhabi T10 begins its journey into the blockchain
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04th December: Crypto & Coffee at 8
âEnd of Binance BUSD đ¨Coinbase & Bybit market share đ N. Korean hackers $3B worth of cryptođ° Bitcoin Ordinal at Miami Art Weekâ
đĄBinance will end support for BUSD stablecoin in December
â Binance is discontinuing its native stablecoin, Binance USD (BUSD), following Paxosâ decision to halt new coin creation. Users must withdraw or convert BUSD holdings to other assets by December 15, as Binance will start disabling withdrawals on December 31. Existing BUSD balances will be automatically converted to First Digital USD for some users during this process. Official announcement here https://lnkd.in/dGWEFUTq
đ¨ Research by Kaiko Research states due to drama by Binance Bybit saw an increase in market share consistently, while Coinbase observed substantial growth during trading hours outside the United States.
- Coinbase has seen an uptick in its trading volume, during the European trading day, outside the regular United States trading hours
- Bybit is reportedly seeing significant changes across the entire day
Full report here https://lnkd.in/dRcFgy7T
â So whoâs the winner?
â
Bybit is the immediate standout winner, gaining market share in every single hour and growing by more than 20% in 16 out of 24 hours.
US cybersecurity firm Recorded Future report states North Korean hackers have stolen around $3 billion in cryptocurrency since 2017, with more than half of that amount stolen in the past year alone. Full report here https://lnkd.in/d5UgN5PA The stolen amount surpasses the total annual income from exports for the nation by a considerable margin.
âThis amount is also almost 10 times more than the value of North Koreaâs exports in 2021, which sat at $182 million,â the report stated.
đ¨ Miami Art Week introduces a noteworthy addition with the âNolcha Shows: Ordinals Edition.â Powered by Gamma.io, the premier creator launchpad and marketplace for Ordinal inscriptions, this full-day event, programmed by Inscribing Atlantis, is set to redefine the Sagamore South Beach hotel on December 7th into a hub of digital artistry and Bitcoin-centric innovation. More info via Forbes here https://lnkd.in/ducvbsQT
Matching the sun-drenched streets of Miami, this high-energy event will offer an exploration of the burgeoning intersection between Bitcoin, art, and technology. The conference will welcome a diverse audience, ranging from investors to Bitcoin builders to artists and iconic brands, who are excited about Bitcoin and digital artefacts.
đ Two UAE news
⥠M2 has been officially launched today in the Abu Dhabi financial free zone
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse 20th December by Blockchain DXB
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â Greta Treebyâ + Blockchain DXB
Guest: Greta Treeby, OCR Athlete, Group exercise instructor at The Warehouse Gym
Host: RA George
Date 01st December
Time: 10:00am
Contact Details: Greta Treeby
Instagram: puggy_girl â https://tinyurl.com/2fzxkyhxâ
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Summary of the Conversation
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30th Nov: Crypto & Coffee at 8
đľCircle Partners With SBI Digital Asset Holdings âĄJack Dorsey wants to decentralize BTC mining đĽStandard Chartered Bank + China CBDC
đĽ SBI Digital Asset Holdings Partners with Circle to Pioneer Digital Currency Innovation in Japan with USDC, Banking, and Web3 Services The companies have signed an MOU underpinning the work ahead, which includes SBI Group and Circle initially working towards the circulation of USDC and expanding the use of stablecoins in Japan. SBI Group and Circle have also committed to properly complying with stablecoin-related regulations, including communication with authorities. To circulate USDC stablecoins within Japan, SBI VC Trade Co., Ltd. (Head Office: Minato-ku, Tokyo; President: Tomohiko Kondo) is seeking registration as an electronic payment instruments service, which is subject to approval by the relevant authorities. Official info here https://lnkd.in/d_ASH7kK
⥠Censorship King Jack Dorsey is spearheading a move towards decentralizing Bitcoin mining through a recent investment. Ocean, a company that secured $6.2 million in funding, with Jack Dorsey as a lead investor, aims to facilitate miners in receiving block rewards directly from the Bitcoin network. More info here https://lnkd.in/dtcD73v2 Long-time Bitcoin core developer and Mummolin co-founder Luke Dashjr said, âWe are launching as the most transparent pool and also the only non-custodial pool where miners are the recipients of new block rewards directly from Bitcoin.â
â Legit or Rumour/Fake news?
- Santander Private Banking Internationalâs Swiss unit launched a Bitcoin and Ether trading service for clients with Swiss accounts. Clients can access crypto investment services by requesting them through relationship managers. According to a CoinDesk report, the bank has enlisted crypto custody firm Taurus to safeguard the crypto assets, but Santander declined to confirm, stating no comment when contacted by Cointelegraph.
Article herehttps://lnkd.in/dHzfwVdE
âŚď¸ China CBDC + Standard Chartered Bank
Standard Chartered Bank (China) has joined the initial group of foreign banks involved in Chinaâs central bank digital currency (CBDC) pilot. The bank expressed optimism about the digital yuanâs development prospects, highlighting its status as an international bank with a 165-year history deeply rooted in the Chinese market.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at the podcast where we share our commentary on this. Also, see Slides 1 & 2 for a global snapshot of the crypto market
đ Two UAE news
âĄWEMADE to support blockchain gaming ecosystemsâ growth in Dubai and the UAE through collaboration with Dubai Chambers
⥠IOTA launches $100 million entity in Abu Dhabi to create a digital network
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29th Nov: Crypto & Coffee at 8
â°ď¸ Bitcoin mining facilities in the Himalayas đŚ Foreign banks join Chinaâs CBDC đ´ Fireblocks launches trading system Charles Hoskinson upset with SEC
đ´Forbes has reported that the secluded mountainous Kingdom of Bhutan is operating clandestine, state-owned Bitcoin mining facilities. Through the use of satellite imagery, Forbes identified four secret locations. Bhutanâs monarch, King Jigme Khesar Namgyel Wangchuck, has displayed a longstanding interest in cryptocurrency. He envisions that Bitcoin mining will play a pivotal role in averting economic crises for the remote and bio-diverse mountain nation, which is home to less than 800,000 people. Article here https://lnkd.in/d5YaumX9
đľChina CBDC
â As per local news sources, HSBC and Hang Seng Bank, both based in Hong Kong, along with Taiwanese bank Fubon Bank, have incorporated e-CNY integrations into their platforms. All four international banks are facilitating their clients with the capability to transfer and withdraw e-CNY. Notably, Hang Seng Bank is permitting its personal banking customers to link debit cards through the official e-CNY app, enabling the redemption of digital renminbi. Additionally, these customers can top up their digital renminbi wallet using the Hang Seng China Mobile Banking App. HSBC has also introduced similar functionalities, catering to the retail use of e-CNY for its clients.
đĽ Fireblocks Launches Off Exchange to Eliminate Counterparty Risk. A new solution that enables trading firms and asset managers to trade on centralized exchanges from an on-chain MPC shared wallet, eliminating exchange counterparty risks.
đĽ Fireblocks Off Exchange leverages MPC technology to enable traders to allocate and mirror assets directly to an exchange from a wallet they mutually control, protecting their principal from hacks, bankruptcy, and fraud,while providing centralized exchanges with complete on-chain transparency that client accounts are fully collateralized.
Off Exchange is launching with support for Deribit, with HTX, Bybit, OKX Gate.io, BIT, one trading, Coinhako, Bitget, and additional global exchanges being added in the coming months. Info here https://lnkd.in/dqkbcJu6
đŁ Cardano founder Charles Hoskinson criticized the U.S. Securities and Exchange Commission (SEC) in a recent livestream Surprise AMA 11/26/2023, alleging that the SEC has given Bitcoin a âcomplete passâ on the decentralization issue, raising questions about its classification as a security. He also stated he is keen on meeting with Argentinaâs President Javier Milei to pitch Cardano at the state level.
đ Two UAE news
⥠Blockchain Laboratories establishes W3 SaaS Technologies Ltd in Dubaiâs DIFC
âĄSaudi Arabia leads adoption of AI in financial services
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28th Nov: Crypto & Coffee at 8
đ HODL Bitcoin: Record-Breaking Inactivity đ˘Ethereum Record 94,000 New Accounts â Grayscale ETF amendments âŤOKX launches in BrazilâŞď¸
đ HODL: 70.35% of the circulating supply has remained inactive for over a year, More info on this via CoinDesk here https://lnkd.in/dRe6sj2Q Bitcoin holders seem to have no intention of selling their holdings at the current price levels, and thre is no indication of plans to do so in the near future. Will this change once we get some news regarding BTC Spot ETF?
đ#BTC Mining Difficulty
Bitcoin mining encounters a noteworthy development as the network undergoes a substantial adjustment at block height 818,496, leading to a remarkable 5.07% increase in blockchain difficulty. This surge propels the difficulty to a record-setting high of 67.96 T, as reported by BTC Blockchain Explorer data BTC.com has more info here https://lnkd.in/dXxTHKSm
đ˘ Ethereum: Record 94,000 New Accounts And $32 Million In Staked Funds. The latest data trends from on-chain sources via CryptoQuant reveal a significant rise in the number of new user addresses for Ethereum. Ethereum (also marked a significant achievement on November 4th. The total funds staked in the Ethereum 2.0 smart contract saw a notable increase, reaching an impressive milestone of $32 million. More info via NEWSBTC here https://lnkd.in/d3wUknTD
Grayscaleâs Amended Filing for Spot Bitcoin ETF
â On November 22, Grayscale submitted a revised filing to the U.S. Securities and Exchange Commission (SEC) for its upcoming spot Bitcoin Exchange-Traded Fund (ETF). This filing, categorized as an amendment, is a common type employed by companies that have fulfilled reporting requirements. Filing here via James Seyffart, CFA, CAIA X account https://lnkd.in/di9xeZ2X
đ¨ OKX launches crypto exchange, wallet services in Brazil
OKX, a cryptocurrency exchange and Web3 developer has revealed plans to broaden its offerings for users in the Brazilian market. The company announced the introduction of a local crypto exchange and Web3 wallet platform on November 27. The emphasis is on establishing a gateway to decentralized finance (DeFi) and facilitating crypto trading with Brazilian real fiat-on-ramp capabilities. Guilherme Sacamone, the general manager of OKX Brazil, said the Brazilian market has âenormous potentialâ to lead in crypto adoption and DeFi. More info here https://lnkd.in/dg5VecFB
đ Two UAE news (See slides )
âĄCrypto Hedge Fund Nine Blocks Capital Management Snags Dubai Digital Assets License
⥠Farcana, UAEâs leading gaming studio, receives strategic investment from Animoca Brands
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27th Nov: Crypto & Coffee at 8 đ
đĽ CZ challenges U.S. Department of Justice đŁZipmex suspends trading in Thailand đEthereum whalesđ Islamic coin updateâ
đ¨ Former Binance CEO Changpeng Zhao challenges the U.S. Department of Justiceâs claim that he is a flight risk and may not return before his sentencing. Zhao opposes the governmentâs attempt to restrict his travel back to the United Arab Emirates to be with his family after pleading guilty. In a court filing on Nov. 23, Zhaoâs lawyers requested a U.S. district judge to reject proposed changes to his bail conditions by the Department of Justice. Filing here https://tinyurl.com/md5dffex
The lawyers firmly stated that he has no intention of staying in UAE to evade his sentencing date despite the potential 18-month prison term.
However, the DOJ asserts that if Zhao chooses not to return from the UAE for sentencing, securing his return would pose challenges for the government
đ Zipmex
đĄ It is important to note all customers will be able to withdraw both Thai Baht and digital assets from the Trade Wallet as usual through the website and mobile application until January 31, 2024.
đ ETH Whales: Crypto analyst Ali Martinez shared on Twitter https://tinyurl.com/bd7m8m58 that Ethereum whales have been notably active in the crypto market in recent days. On-chain data from Glassnode indicates that these whales have been consistently accumulating the altcoin for a consecutive period of nine days. He highlighted that this is the first 9-day accumulation spree in over nine months.
â Islamic Coin Official update
The issuer of the Islamic coin, Bored Gen DMCC, has fully cooperated with the ongoing investigation by the Virtual Assets Regulatory Authority regarding the tokenâs issuance and distribution. However, Bored Gen must obtain âappropriate approvalsâ before proceeding with the distribution of the Islamic coin (ISLM) in the Dubai market. More info via Bitcoin.com here https://tinyurl.com/3e2t5jmm
đ¨ On 6th Oct VARA blocked the sale and distribution of ISLM after a determination was made that BG lacked the authority to do so.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we give our commentary on this. Also, see slides 1 & 2 for a global snapshot of the crypto market
đ Two UAE news (See slides)
⥠The Sandbox and Sandsoft Partner With Nuqtah to Boost Web3 Adoption in Saudi Arabia
⥠UAE unveils locally developed AI large language model dedicated to climate intelligence
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16th Nov: Crypto & Coffee at 8 đ
đ´ Paxos to issue USD stablecoin in Singapore đ South Koreaâs pension fund đ˘ Coinbase shares đ¤ Binance to launch in Thailand đŁPhilippines to sell $179M in tokenized treasury bonds ⍠Turkey new crypto regulations
đ´ Singapore: Paxos has announced that it has obtained preliminary approval from the Monetary Authority of Singapore (MAS) for its upcoming entity, Paxos Digital Singapore Pte. Ltd. This newly established firm is now authorized to provide digital payment token services and intends to launch USD stablecoin in accordance with the proposed stablecoin regulations set forth by MAS. https://lnkd.in/eKzyuJuZ Upon receiving full approval, Paxos said it will be able to partner with enterprise clients to issue the stablecoin in Singapore.
đ´ South Korea: In the third quarter of 2023, the KOREA NATIONAL PENSION SERVICE (NPS), a prominent public pension fund in South Korea and among the largest globally, purchased slightly over 280,000 shares of the renowned
cryptocurrency exchange Coinbase. Since the acquisition, this investment has appreciated by 39%, as disclosed in a stock holdings report submitted to the U.S. Securities and Exchange Commission (SEC) official info via filings here https://lnkd.in/eWw2wR84
đ´ Thailand: Binance is set to launch a cryptocurrency exchange in Thailand in early 2024 through a joint venture with Gulf Energy Development Public Company Limited, a local energy giant. According to a filing with The Stock Exchange of Thailand on November 15, Gulf Binance will commence operations through invitation only, with plans for a public rollout by early 2024. The venture secured approval from the Thai Securities and Exchange Commission (SEC) on Nov 10. Info here https://lnkd.in/ea4sBWgz
đ´ Philippines to sell $179M in tokenized treasury bonds for the first time The Philippines Bureau of the Treasury is opting for innovation by offering 10 billion pesos ($179 million) in tokenized one-year treasury bonds, in lieu of the initially planned traditional auction on November 20. These bonds, available to institutional buyers, come with a minimum denomination of 10 million pesos and increments of 1 million pesos. The state-owned Development Bank of the Philippines and the Land Bank of the Philippines (Official) will issue the bonds, with a maturity date set for November 2024. The final interest rate will be disclosed on the issuance date.
đ´ Turkey is contemplating regulatory measures for its cryptocurrency market, with a specific emphasis on licensing and taxation. The objective is to facilitate the countryâs removal from the âgrey listâ of the
Financial Action Task Force (FATF). Turkey currently holds the fourth position worldwide in terms of cryptocurrency trading volume. Info via Investing.com https://lnkd.in/e-bSUGg3
đ 2 UAE news (See slides)
⥠Hex Trust Receives Virtual Asset Service Provider License from VARA in Dubai
⥠Careem to implement AI in a secure manner in KSA
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
15th Nov : Crypto & Coffee at 8đ¨Inflation @ 3.2% Cryptođť Uniswap launches Android wallet appâ CFTC crackdown: Opyn DeFi protocol âĄDisney launches NFT platform with Dapper Labs
đ Consumer Price Index (CPI) for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis, after increasing 0.4% t in September, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all-items index increased by 3.2% before seasonal adjustment. The only website to check Inflation is https://www.bls.gov/
đť How did this impact Crypto?
Bitcoin & and the global crypto market have reacted mildly to CPI numbers. Bitcoin market cap has fallen below $700B See slides 1 & 2 below for a global snapshot
đľ Uniswap Labs has publicly released an Andriod mobile wallet app with built-in swap capability on the Google Play store. The new app allows users to make swaps through the decentralized exchange (DEX) from within the app, eliminating the need for a separate web browser extension, Uniswap Labs vice president of design Callil Capuozzo told Cointelegraph More info here https://tinyurl.com/3v6ffnba
đ´ Opyn DeFi
Zubin Singh Koticha and Alexis Gauba, the co-founders of the Opyn decentralized finance (DeFi) protocol, have announced their departure from the project and their exit from the cryptocurrency space. This decision was conveyed through a statement from Koticha, posted on social media on November 14. The announcement follows the resolution of an enforcement action by the United States Commodity and Futures Trading Commission (CFTC) against Opyn about two months ago.
đź Disney has created a nonfungible token (NFT) platform together with Dapper Labs.
â Disney announced the launch of Disney Pinnacle, its NFT marketplace. The platform will feature tokenized versions of classic cartoon characters spanning a century, including Pixar icons and Star Wars heroes and villains. Dapper Labs CEO Roham Gharegozlou highlighted the platformâs ability for fans worldwide to collect and trade digital pins seamlessly on their phones. Official info https://tinyurl.com/f7k63ujy
đ¨ The NFT platform will launch later this year on the Apple App Store for iOS, the Google Play Store for Android and on the web. Currently, only a waitlist and a landing site exist on its official page. Disney Pinnacle is built on layer-1 blockchain Flow, which Dapper Labs also created. Previously, Ticketmaster elected to mint NFT event tickets on the Flow Blockchain.
đ Two UAE news
⥠Crypto.com Granted Virtual Asset Service Provider Licence by Dubaiâs Virtual Assets Regulatory Authority
⥠UAE Government office highlights $20tn future opportunities and trends set to emerge in the next decade.
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14th Nov: Crypto & Coffee at 8
â FAKE NEWS- Ishares XRP Trust by BlackRock đ¨ Swan Bitcoin says no to Mixing services đťERC-4337 smart accountsđť Crypto survey from France
â Bloomberg ETF analyst Eric Balchunas mentioned via Twitter that news regarding BlackRockâs registration to launch an XRP exchange-traded fund is fake news. The fake news sent the price of XRP soaring 7% before losing all of its gains. His tweet here https://lnkd.in/dYXeej8c
đ¨ We at Blockchain DXB strongly believe that â We live in a world, where having a lot of information is NOT important. Getting information from 1st source isâ Check out Crypto & Coffee at 8 podcasts where we share our commentary also see slides 1 & and 2 below for a global snapshot of price-related information
𼜠Swan Bitcoin, a platform facilitating Bitcoin exchange, recently decided to close accounts of users engaging with mixing services. The company attributed this action to mounting pressure from banking institutions, prompted by a proposal from the Financial Crimes Enforcement Network, US Treasury (FinCEN) to heighten record-keeping obligations on such transactions.
đš Yan Pritzker, co-founder and CTO of Swan Bitcoin stated that while the company itself has an open policy for allowing coin mixing as a privacy service, there is no way of on-ramping customers with fiat without connecting to qualified custodians and banks.
đ Bitcoin Maximalists are definitely not happy about this news!
Vlad Costea, host of the Bitcoin Takeover podcast shares his thoughts here https://lnkd.in/dmRK5QsQ
Samourai Wallet states âInstead of mounting a defense you preemptively comply? Absolute losersâ Tweeh here https://lnkd.in/dKpf-BkQ
đť ERC-4337 smart accounts = Fail
The ERC-4337 standard was introduced unexpectedly on March 1 during WalletCon in Denver. Back then, there was a hopeful outlook that âsmart accountsâ would quickly gain popularity. These accounts offer a way for users to skip using seed phrases and signing for specific transactions, leading to an overall improved user experience on blockchains compatible with the Ethereum Virtual Machine (EVM). However New figures show hardly anyone is using ERC-4337
â Series of useful threads here https://lnkd.in/dxGHza3n which states Monthly account retention had been âterrible with just 6.89% of all the initial smart accounts stuck around for more than six months. Additional info via @bundlebear here https://lnkd.in/dzr-Zn9B
đ Crypto is the second most popular investment asset in France. The survey was conducted at the request of the Organisation for Economic Co-operation and Development in the spring of 2023. Official info here https://lnkd.in/d9tPnBdF
đ Two UAE news (See slides)
⥠Central Bank of the Russian Federation (Bank of Russia) to create a digital ruble payment system with the UAE
⥠Dubai Electricity & Water AuthorityâââDEWA partners with Avaya on metaverse customer experience in UAE
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13th Nov: Crypto & Coffee at 8
đ Bitcoin Difficulty hits record đĽFTX lawsuit against Bybit đ¨ Indiaâs Crypto petition 𼜠Binance Freezes $11.8 Million
đ Yesterday ie 12th Nov, Bitcoinâs difficulty metric climbed 3.55%, reaching a new peak of 64.68 trillion at block height 816,480. This adjustment marks the fifth consecutive rise in the networkâs difficulty since September 19. Presently, Bitcoinâs difficulty level has exceeded the 64 trillion threshold, underscoring the formidable task and significant computational power required to produce a hash that meets a specific criteria. With a difficulty level of 64.68 trillion, the mining environment is exceptionally competitive, demanding extensive computational effort to secure Bitcoin block rewards. More inf via Bitcoin.com here https://lnkd.in/dg2tHesU
FTX đ Bybitw
đĽ FTXâs bankruptcy estate, led by CEO John J. Ray III, has initiated a legal action against Bybit, along with its investment arm Mirana and several executives. The objective of the lawsuit is to reclaim funds and digital assets that ByBit allegedly withdrew from FTX shortly before its financial collapse. The current estimated value of the assets in question is approaching $1 billion. The lawsuit alleges that ByBit leveraged its âVIPâ privileges and connections with FTX staff to extract substantial cash and digital assets from Mirana, Time Research (another entity associated with ByBit), and executives right before the collapse of FTX. More info here https://lnkd.in/d2UceRTg
đ¨ The Supreme Court of India has rejected a Public Interest Litigation (PIL) seeking to establish regulations and a framework of guidelines for cryptocurrency trading in the country. A bench headed by Chief Justice D. Y. Chandrachud said the reliefs sought in the plea were more in the nature of a legislative direction More info via here https://lnkd.in/dYQpGdKb
𼜠Binance has seized assets totaling $11.8 million that were owned by clients who fell victim to a kidnapping scheme. In a recent announcement on X, CZ revealed via Twitter (now X) here https://lnkd.in/dPcK3h8i that executives from a client company were lured into a deceptive business trip to Montenegro, where they were abducted and compelled to relinquish all holdings in their cryptocurrency wallets. In total the bad actors were able to obtain approximately $12.5 million dollars worth of digital assets from their victims, which were all converted to USDT and moved to a TRON wallet.
đ Two UAE news
⥠Laser Digital asste management launches â Ethereum Adoption Fundâ for Institutional investorsâ
⥠Saudi Arabia unveils International Center for AI Research and Ethics
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09th Nov: Crypto & Coffee at 8
đĽSECâs first window for Bitcoin ETFs âOrdinals flipped Ethereum NFTs đ¨HSBC: tokenized securities đ´ âDr. Doomâ new token
đ¨ Bloomberg ETF analysts James Seyffart, CFA, CAIA and Eric Balchunas mentioned via X (Twitter). In the United States, the U.S. Securities and Exchange Commission has a âwindowâ to approve all 12 spot Bitcoin ETF filings, including Grayscale Investmentsâs conversion of its GBTC trust product in the days leading up to Nov. 17, but stressed this was only possible.
đ´ âDelay orders were issued by the SEC for BlackRock, Bitwise Inc, VanEck, WisdomTree Asset Management, Invesco US, Fidelity Investments & Valkyrie Trading at the same time,â Seyffart wrote in a Nov. 8 post on X . Info here https://lnkd.in/dee7HBHq Important to note they still believe that there is a 90% chance that any of these funds get approved by January 10 next year.
Please let me know what your thoughts are.
- SEC will approve Bitcoin spot ETF
- Delay the decision
- The decision gets Postponed to 2025
đš Ordinals > Ethereum NFTâs
đĽ Bitcoin NFT sales surpassed Ethereum NFT sales for the first time on November 8, 2023, marking a historic shift in the NFT market. According to cryptoslam.io, Bitcoin-based NFT transactions totalled $17.17 million, while Ethereum NFT sales totalled $15.77 million over the 24-hour period.
This event is significant because Ethereum has long been the dominant blockchain for NFTs. However, Bitcoinâs growing popularity in the NFT space suggests that the market is maturing and becoming more diverse. More info via Bitcoin.com here https://lnkd.in/dK8_pxi9
đ´ HSBC
HSBC to launch storage services for tokenized securities as more big banks warm to blockchain. They are the latest institution to embrace digital asset custody after U.S. banking giant BNY Mellon announced a similar move in 2021. HSBC is âseeing increasing demand for custody and fund administration of digital assets from asset managers and asset owners, as this market continues to evolve.â More info via CNBC here https://lnkd.in/dv5gqKXU
HSBC is using technology from Swiss crypto custody firm Metaco, which was recently acquired by blockchain startup Ripple, to store bonds and other securities.
đ´ Dr Doomâs tokenized dollar
đŚ âUnited Sovereign Governance Gold Optimized Dollarâ by Dr Nouriel Roubini would hedge against inflation and get a stable asset into more hands globally. More info via Decrypt https://lnkd.in/d5PZYp2w Atlas Capital Group, LLC, which Roubini co-founded and joined as chief economist two years ago, will team up with Andreessen Horowitz-backed Web3 developer Mysten Labs, to develop technology for the âUnited Sovereign Governance Gold Optimized Dollar.â Would be interesting to see how this turns out.
đ Two UAE news ( See slides)
⥠ideal systems integrate AI, NDI, and Metaverse for blinx in Dubai
⥠âAI to contribute $136bnâ to the Saudi economy by 2030
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Podcast Host: @george_crewe
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08th Nov: Crypto & Coffee at 8
đ¨ Coinbase sets up an advisory council, & Kazakhstan news đĽBitcoin Ordinals đĽCHINA CBDC Settlements for Commodities đ´Vietnamese Web3 coalition
đ¨ Coinbase Global Advisory Council
âCoinbase has announced they welcome four new members to support Coinbase as it navigates strategic decisions and an evolving landscape for crypto around the world. Each of these new members brings impressive national security insights, as crypto and blockchain are increasingly essential to the security of all nations. Mark Esper, Stephanie Murphy, Frances Townsend, and David Urban. Blog here https://lnkd.in/d2n56mi6
âď¸ Kazakhstan
Coinbase website is reportedly blocked in Kazakhstan, according to
a local report from Kursiv News. Coinbase, websites tied to the New
York Mercantile Exchange (NYMEX) and Interactive Brokers were also
bannedReports from various regions in Kazakhstan suggest that Coinbase, one of the worldâs leading cryptocurrency exchanges, has been restricted due to its alleged violation of paragraph 5 of Article 11 in the Digital Assets Law of the Republic of Kazakhstan. This particular clause pertains to regulations concerning the issuance and sale of unregistered cryptocurrency securities, as outlined by Kazakhstanâs Ministry of Culture and Information.
đ Bitcoin Ordinals
Trading in Bitcoin Ordinals reached a six-month high as the ORDI token experienced a significant surge following its listing on Binance. The market showed increased activity on Tuesday as Binance introduced support for ORDI, the original BRC-20 token. According to a Dune dashboard created by the pseudonymous on-chain data analyst Domo Bitcoin Ordinals
transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands.
đŚ CHINA: CBDC
The Peopleâs Bank of China (PBOC) is contemplating the utilization of the digital yuan for settling transactions related to services and commodities with Hong Kong. Di Gang, the deputy director-general of the Digital Currency Institute of the PBOC, suggests that this approach would offer companies a means to circumvent the challenges associated with relying on expensive cross-border payment channels as a single option. Info via Bitcoin.com here https://lnkd.in/dDS79npJ
đľ Vietnam & Web3
đš Ninety Eight Launches $25M Ecosystem Fund to Support Web3 Startups in Asia. This fund marks a significant step in their transition from Coin98 Finance, demonstrating their dedication to nurturing Web3 startup growth in the region. Official info here https://lnkd.in/dNpEW3YU
đ Two UAE news (See slides)
âĄDubaiâs VARA Sets Nov. 17 Deadline for Crypto Licensing Compliance
⥠Hamdan bin Mohammed launches âapproves the launch of three initiatives as part of the âDubai Metaverse Strategyâ, including âMetaverse Allianceâ, âMetaverse Guidelinesâ and âMetaverse Pioneers
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Podcast Host: @am_aminoo_
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Blockchain DXBâ + Tatiana Maltseva
OCR Excellence with Tatiana Maltsev: A deep dive into her passion for Extreme Racing
Guest: Tatiana Maltsev
Host: RA George
Date: 06th Nov, Time: 14:00 pm GMT, Recorded via Google Meet
Contact Info for TatianaMaltsev + Asics Frontrunner + Coaching info
Instagram: @meteorchik_m â https://tinyurl.com/4ex2fmhaâ
Instagram Asics Frontrunner: @asicsfrontrunnerâ https://tinyurl.com/3afyjrnjâ
Instagram LK Running @lk_running_performaceâ https://tinyurl.com/m92x3z6yâ
Instagram Lee Harris @coach.ultraperformanceâ https://tinyurl.com/ytb48hpâ
Summary of the conversation:
Thank you for the podcast! For feedback & suggestions drop us an email info@blockchaindxb.com
Blockchain DXB + Rayyan Yacob Agha Spartan Race & HyroxGuest: Rayyan Yacob Agha
Host: RA George
Date: 06th Nov, Time: 09:00
Contact Info for Rayyan: â rayyan.agha@ae.spartan.comâ LinkedIn Profile: â https://tinyurl.com/24mwuybbâ
Spartan Arabia
Instagram @spartanarabia â https://tinyurl.com/y28wpd6bâ
Facebook: â https://tinyurl.com/557txbm4â
EVENT REGISTRATION
Hatta Trifecta & Kids, HH4HR & Trail - 25 & 26 Nov
Trifecta Pass Registration Link here â https://tinyurl.com/mpaa2b4yâ
Spartan Hatta Community Work Registration Link: â https://tinyurl.com/4www5kreâ
Info about Spartan World Championship via Hatta here â https://tinyurl.com/mp4ty9nhâ
Khorfakkan Spartan Super & Sprint + Kids Race Registration Link : â https://tinyurl.com/ycmmnaz9â
Hatta Volunteer Link: â https://tinyurl.com/mry6ycsxâ
Official YouTube channel: â https://tinyurl.com/5dz9snh3â
Official TikTok: â https://tinyurl.com/2p95decvâ
Official X (Twitter) @SpartanArabia â https://tinyurl.com/53d299pjâ
HYROX
Instagram: @HyroxME â https://tinyurl.com/4m3kd3w4â
Facebook: â https://tinyurl.com/2p9ar5ymâ
Book Recommendation: Peter Theil book: Zero to One
Summary of the conversation
Thank you
06th Nov: Crypto & Coffee at 8
đ§ Blockchain 100 million daily users by 2028 đĽAave halts operations đ´Bored Ape Yacht Club Creator Yuga Labs and Magic Eden = NFT Marketplace âSam Bankman-Fried update
đ§ Bloomberg analyst mentioned via Twitter Bear market/Bull market, adoption of #blockchain technology continues unabated. Not having exposure to one of the largest structural trends of the next decade could be costly. 5 million daily #crypto users today, is likely to be 100m in less than 5 years. https://lnkd.in/dnJi7mUc Cointelegraph article states Coutts compared blockchain rate adoption with PayPalâs rate growth. According to him, it took the fintech giant 13 years to reach 100 million daily users.
â Threads by Meta reached 30 million users in less than 24 hours. Instagram took 15 months to reach 30 million downloads, TikTok reached the milestone in just under two years, according to data.ai.
đď¸ We at Blockchain DXB feel there are very limited use cases of Blockchain technology and Centralized software offers a better user experience in terms of 1) Time 2) Cost 3) Quality. Also important to note that just switching current existing systems to Blockchain will not be successful. In order for sustained growth and user interactions.
đĽ Aave Halts Operations Due To Bug On Nov 4, the Aave Protocol temporarily halted select market operations in response to a reported bug. Specifically, Aave paused the Aave V2 Ethereum market, suspended particular assets on the Avalanche network, and temporarily froze specific assets on Aave V3 across Polygon, Arbitrum, and Optimism.
đ´ Important to note no funds on any of the markets were at risk, according to DeFi lending protocol. They would also release a detailed explanation once there is a full resolution. News via NEWSBTC https://lnkd.in/dHG3C2NP
đ¨ Yuga Labs, the creator of Bored Ape Yacht Club Ape, is partnering with Magic Eden to introduce an Ethereum NFT marketplace that enforces the payment of royalties through contractual obligations. The companies said in a statement that Magic Eden will have a âcontractual obligationâ to pay Yuga Labs its share of secondary market sales of its future NFT collections. The change will not impact the way that traders interact with Magic Eden More info via Decrypt here https://lnkd.in/dnKNBmjk
â Sam Bankman-Fried is guilty of defrauding FTX crypto customers out of
billions of dollars! Upto 115 years in Prison! A 12-member jury in Manhattan federal court convicted Bankman-Fried on all seven counts he faced after a monthlong trial in which prosecutors made the case that he looted $8 billion from the exchangeâs users out of sheer greed. Netflix documentary series be out soon?
đ UAE news (See slides)
⥠Dubai Financial Authority Approves XRP as âRecognized Crypto Tokenâ DIFC
⥠Abu Dhabi Global Market (ADGM) introduces the worldâs first DLT Foundations Regime
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02nd Nov: Crypto & Coffee at 8
đ¨FOMC: No Hike đťBinance BNBđť Chain Multichain hackâ Visa digital Hong Kong dollar pilot test đ§Ripple Labs unlocked another 1 billion XRP
đ¨ Federal Reserve Board chair Jerome Powell has decided to skip interest rate hike at the FOMC meeting but does not rule out the possibility of a rate hike later this year. We strongly recommend watching the full interview via YouTube here https://lnkd.in/dWatj9tE
â Interest Rate Hike Unchained = Bitcoin & Crypto
âĄCoinDesk article states Bitcoin Retakes $35K After FOMC as Solanaâs SOL Leads Sharp Altcoin Rally https://lnkd.in/dbMPr8KT
See slides 1 & and 2 below & and check out Blockchain DXBâs Crypto & Coffee at 8 podcast to get our commentary on this. Itâs important to note that The Fed will continue to examine how much âadditional policy firmingâ might be needed in order to slow price growth down to the central bankâs 2% annual target.
⥠Binance in 2023
⥠State of BNB Chain Q3 2023 by Messari states BNB Chain Q3 Revenue Takes A Hit: Fees Plummet By 40% Report here https://lnkd.in/dyr4t2EH
Key highlights are
đ´ Multichain, a cross-chain protocol that experienced a security breach, has now verified several transactions, and the backlog of pending transactions has been reduced to just one, as indicated by Multichainâs explorer tool data. Blockchain records validate the confirmation of certain transactions on the destination chain, while others are reflected as confirmed in the Multichain explorer but have yet to be confirmed on the destination chain. More info on this via Cointelegraph here https://lnkd.in/d3Ru2niJ
đ¨ Hong Kong CBDC
â Visa, in collaboration with HSBC and Hang Seng Bank, has successfully concluded the Central Bank Digital Currency (CBDC) pilot program conducted by the Hong Kong Monetary Authority (HKMA) The e-HKD program involves tokenization of deposits, where the money deposited with a bank is minted on the firmâs own blockchain ledger with the backing of its balance sheet. Official info here https://lnkd.in/dmBF3Z-N Also the platform was able to function 24/7, besting traditional payment systems that would not operate after hours or on weekends.
đĽ Whale Alert, a prominent on-chain crypto tracking platform, disclosed that Ripple Labs, the blockchain-based payment company, has released an additional 1 billion XRP tokens as part of its monthly token unlocking initiative Info via Twitter here https://lnkd.in/djquRPkW. XRP went down following this news!
đ Two UAE News (See slides)
⥠Saudi Arabia aramco CEO calls for âinternational standardsâ on AI
⥠Dubai to host AI & Web3 Festival on 11â12 September Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮŘĽŮ
اعاتâââŮاŮ
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01st Nov: Crypto & Coffee at 8
AI-Related Tokens Spain Dislikes CBDC BitGo Granted German License Terraform Labs and Do Kwon Push Back Against SEC Accusations
Joe Biden Delivered Remarks on Artificial Intelligence, a bit hard to understand but can watch the video with transcriptome via The White House YouTube channel here https://lnkd.in/d3Zr4j6K A talk about the AI Bill of rights, Protect the public from Algorithms discrimination & 7 new AI research institutes & finally responsible innovation to fous on 1) Safety 2) Innovation and 3) Trust. Since the remarks AI-Related Tokens
CoinDesk article here https://lnkd.in/dgea5hGJ states AI-related tokens stumble after White House Executive Order as critics of Joe Bidenâs action wonder if innovation could be stifled. Jeff Amico, Head of Operations for Gensyn Network & and former a16z partner mentioned via Twitter âItâs terrible for U.S. innovation,â https://lnkd.in/dV4yRcJ9
Spain dislikes CBDC
According to a recent survey, it appears that a significant 65% of Spaniards do not express a strong interest in utilizing the digital euro, highlighting a disparity in confidence between the general population and the government regarding the European Central Bankâs digital currency initiative. Results of a survey published by the Bank of Spain entitled âStudy on the habits in use of cashâ here https://lnkd.in/dVRSnKHz
BitGo in Germany
BitGo has received approval from the German Federal Financial Supervisory Authority (BaFin) for a cryptocurrency custody license. Germany has emerged as a prominent player in Europe for secure cryptocurrency storage, enacting legislation that fosters a favourable environment for banks and custody experts to manage digital assets and provide associated services. Info via Finance Magnates herehttps://lnkd.in/dVmec_BQ
Terraform Labs and their former CEO, Do Kwon, have filed a thorough Motion for Summary Judgment with the aim of swiftly dismissing the fraud allegations brought against them by the U.S. Securities and Exchange Commission They have vehemently denied these accusations, asserting their innocence and challenging the SECâs legal standing and interpretation of the facts.
The attorneyâs motion insists. âAfter two years of investigation, the completion of a discovery period that resulted in the taking of more than 20 depositions, and the exchange of over two million pages of documents and data, the SEC is evidentiarily no closer to proving that the defendants did anything wrong,â
Two UAE news
Madlads creator Backpack to launch licensed crypto exchange in Dubai
UAEâs Crypto Landscape Thrives as 59% Embrace Long-Term View: KuCoin Exchange Survey
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31st Oct: Crypto & Coffee at 8
đ¨ UK: Stablecoin regulations âźď¸ VanEck amends Bitcoin Spot ETF Application đ Bitcoin blockchain new metric ATH ⥠Steve Aoki on Stepnâ
⥠The UK government has issued an updated plan for regulating fiat-backed stablecoins. Released on October 30, the document focuses on promoting and overseeing the utilization of fiat-backed stablecoins within the UKâs payment networks. âUpdate on Plans for the Regulation of Fiat-backed Stablecoinsâ can be found here https://lnkd.in/dTYBRGEJ
â Important to note that Non-fiat-backed stablecoins, including algorithmic stablecoins, will not be allowed into regulated payment chains.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we explore this in detail and share our thoughts & and opinions.
đ´ VanEck, an asset management company, has submitted a revised application for a Bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission and Exchange Commission (SEC). This filing, made on October 27, introduces an innovative method for initiating the fund by providing a block of 50,000 shares for the proposed ETF.
đ´ One notable aspect of VanEckâs amended filing is the revelation that an unnamed seed capital investor acquired Seed Creation Baskets for the VanEck Bitcoin Trust in October. These Seed Creation Baskets consist of 50,000 shares of the proposed ETF, and they were bought using Bitcoin.
â Important to note The U.S. Securities and Exchange Commission is currently deliberating on multiple ETF proposals from BlackRock, Invesco US, Bitwise Inc, VanEck, + Valkyrie
đĽBTC tx
â The number of transactions of over $100,000 on the Bitcoin blockchain rose to a new year-to-date high last week. Last week, the Bitcoin blockchain saw a year-to-date peak in the number of transactions involving the movement of at least $100,000 worth of BTC, reaching 23,400, as reported by blockchain analytics company IntoTheBlock IntoTheBlock in a newsletter on Friday. âTransactions of over $100k had previously spiked in late June after Blackrockâs ETF filing and have now surpassed that level as Bitcoin sets new yearly highs.â.
â What should Bitcoin be used for?
- Store of value?
- Medium of Exchange
đ¨Prominent DJ and NFT creator Steve Aoki has collaborated with Stepn for digital sneakers that let owners earn crypto by moving. More info via Decrypt here https://lnkd.in/df8jFMzy
đ¨ The Steve Aoki x Stepn collection will include 300 collaborative sneakers available in four designs: Walker, Jogger, Runner, and Trainer. Stepn will release 60 editions of each NFT design via the MOOAR marketplace from October 31 to November 4
đ Two UAE news (See slides)
⥠XRP Healthcare takes Rippleâs Lead with Expansion into Dubai and Middle East
⥠Saudi Arabiaâs NEOM partners with Animoca Brands, eyes $50m deal
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30th Oct: Crypto & Coffee at 8
đ¨Kraken to share data with Internal Revenue Service đBitcoin Difficulty Miningđ Criminal charges against Binance and Tether.to?đĽ Changpeng Zhao wealth is down 92% đť
đ¨Kraken Digital Asset Exchange has announced that it will share data on tens of thousands of its users with the Internal Revenue Service (IRS) in compliance with a court order. The information to be shared includes cryptocurrency transactions above $20,000 made by Kraken customers between 2016 and 2020, along with personal details such as name, date of birth, Tax ID, address, and contact information. More info via Decrypt here https://lnkd.in/dBQdxWJg
â In June, a federal judge ordered Kraken to share such information with the IRS, after a two-year legal battle between the privacy-minded crypto company and the federal government over data sharing. Per legal filings in that case, 42,017 Kraken accounts are set to be impacted by the ruling.
âď¸ Bitcoin miners are gearing up for their fourth consecutive difficulty rise set to unfold today ie 30th Oct Bitcoin.com article states, the previous three difficulty increases did not deter Bitcoinâs hashrate, which reached an all-time high on October 12, 2023. Whatâs particularly noteworthy is that recent block times have consistently been shorter than the traditional ten-minute average. Article here https://lnkd.in/dJJu-CF3
đ On October 12, based on a simple moving seven-day average, Bitcoinâs hashrate reached an unprecedented 456 exahash per second (EH/s), marking an epoch-making milestone.
đď¸ Check out Blockchain DXB Crypto & Coffee at 8 podcasts we share our commentary on this!
â Lawmakers Concerned About Binance and Tether
đ´ U.S. Senator Cynthia Lummis (R-WY) and U.S. Representative French Hill (R-AR) have jointly urged the U.S. Department of Justice to investigate Binance and Tether.to. They allege that these cryptocurrency platforms might have been used to fund Hamas and have a history of enabling illegal activities. The lawmakers call on the DOJ to consider potential criminal charges, emphasizing the need for a thorough assessment of whether these platforms violate sanctions laws and the Bank Secrecy Act. Info via Bitcoin.com here https://lnkd.in/dZyJFYeE
â Old Article by The Wall Street Journal here ttps://tinyurl.com/3s5ubkym
We definitely recommend checking out the Cointelegraph article here https://lnkd.in/dXsucB3W to understand the entire drama
đť Binance Founder CZâs wealth has plunged 82% His net worth hit a peak of $96 billion in January 2022, According to an article via Bloomberg here https://lnkd.in/dTZYMeTH
đ Two UAE news (See slides)
⥠UAE Start-up BANTgo and Blockchain Firm Verofax Collaborate to Reward Recycling Efforts
⥠Saudi Arabia was selected to be a member of the United Nations AI Advisory Body
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25th Oct: Crypto & Coffee at 8
đBitcoin đ DeFi protocol news from Solanaâ Chainalysis report on Stablecoinsâ Market Info by Glassnode & CoinSharesđ
⍠BlackRockâs spot Bitcoin ETF is now listed on the Nasdaq trade clearing firm. The Result Bitcoin đ
âźď¸ Bloomberg Senior ETF analyst Eric Balchunas shared in a thread on Twitter that the iShares spot Bitcoin exchange-traded fund (ETF) proposal from investment firm BlackRock (NYSE: BLK) has been officially listed on The Depository Trust & Clearing Corporation (DTCC) . His tweet here https://lnkd.in/dZHC53WM
đ This development is seen as a positive step toward potential approval by the U.S. Securities and Exchange Commission. According to Eric DTCC listing is a crucial part of the process required to bring a cryptocurrency ETF to the market. The iShares spot Bitcoin (BTC) ETF has been assigned the ticker symbol IBTC, suggesting a possible listing on the Nasdaq stock exchange.
â Defi Solana
â Marinade.Finance Finance, the leading decentralized finance (DeFi) protocol on the Solana blockchain, has reportedly decided to exit the UK market due to regulatory constraints imposed by the Financial Conduct Authority (FCA). Marinade Finance currently boasts more than $265 million in total value locked, which constitutes a significant 70% share of all funds locked on the Solana blockchain.
đ¨ Chainalysis reports that the stablecoin market is evading regulatory oversight in the United States Full report here https://lnkd.in/d_63Bkrx Chainalysis found that since spring 2023, the majority of stablecoin inflows to the top 50 cryptocurrency services have shifted away from U.S.-licensed platforms to those outside the U.S. By June 2023, about 55% of stablecoin inflows to these services were going to non-U.S.-licensed exchanges.
- North America Leads the World in Crypto Usage Despite Ongoing Regulatory Questions
- While Stablecoin Activity Shifts Away from U.S. Services
đ Glassnode weekly insights here https://lnkd.in/dcXft3n6 published on the 23rd states
- BTC price has risen to $35k, surpassing $28k levels, signaling bullish momentum.
- Derivative activity, such as short-squeezes and increased options call interest, contributed to this surge.
- Long-term investors show confidence as Long-Term Holder supply hits new highs, and supply volumes remain stable.
đ CoinShares weekly fund flow report via Medium indicates anticipation of a spot Bitcoin ETF prompts further inflows. Full report here https://lnkd.in/dcXft3n6 A quick summary below
- Digital assets: 4-week inflows of $66m, $33bn AuM.
- Inflows tied to US bitcoin ETF, but lower than June, signalling investor caution.
- Solana: $15.5m weekly inflow, top altcoin in 2023 with $74m YTD (47% of AuM).
đ Two UAE news (See slides)
âĄCrypto custodian BitGo eyes Dubai expansion applies for a license
⥠Ticmint, the innovative blockchain-based ticketing startup, officially launched in the UAE
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23rd Oct: Crypto & Coffee at 8
đ° US Govt $5Billion #BTC stash đ¨SEC drops lawsuit against Ripple executives ⥠Lightning Network faces criticism đ Peter Schiffâs 275th economic prediction
đ° The U.S. Government Has $5 Billion in Bitcoin. A stash of some 200,000 bitcoins was seized from cybercriminals and darknet markets. More info on this via The Wall Street Journal here https://lnkd.in/djFVkujH
đ Based on a data analysis using publicly available filings, cryptocurrency company 21.co has estimated that the U.S. government currently possesses approximately 194,188 BTC, roughly valued at $5.3 billion. Itâs important to note that these estimates represent the minimum holdings of the U.S. government, derived from publicly accessible data.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts, we give our commentary on this. Also, see slides 1 & 2 below for more info
The U.S. Securities and Exchange Commission will no longer pursue claims against Rippleâs CEO Brad Garlinghouse or Executive Chairman Chris Larsen that they aided and abetted the company in violating federal securities laws canceling a trial scheduled for next year.
đ Itâs important to note The SEC will continue pursuing its claims against Ripple Garlinghouse said, âInstead of looking for the criminals stealing customer funds on offshore exchanges that were courting political favour, the SEC went after the good guys,â
⥠LN Vulnerabilities
â Security researcher and developer Antoine Riard has announced his departure from the Lightning Network development team. He cites concerns about security issues and fundamental challenges to the Bitcoin ecosystem as the reasons behind his decision.
đ¨ Riardâs concerns were outlined in a thread on the The Linux Foundation Foundationâs public mailing list. He suggests that the Bitcoin community is grappling with a difficult decision as a novel form of replacement cycling attacks poses a serious threat to the stability and security of the Lightning Network. The screenshot here describes how a lightning replacement cycling attack works. https://lnkd.in/dwRtcQz2
đ¨ Riard plans to focus now on Bitcoin core development but warned about upcoming challenges for the major cryptocurrency ecosystem.
đ 275th Prediction about the economy
â Peter Schiff CEO of Euro Pacific Precious Metals LLC warns of Deep Recession, Inflationary Depression, and Collapse of US Dollar Demand. He predicted that the rapidly increasing national debt and federal budget deficits should lead to a collapse in demand for U.S. dollars you constantly keep predicting you are definitely going to be right sometime. Check out the article via Bitcoin.com on his 275th prediction here https://lnkd.in/dXBiMh7m
đ Two UAE news (See slides)
⥠General Directorate of Residency and Foreigners Affairs (GDRFA) in the metaverse
⥠Standard Chartered Bank Chartered Plans to Launch Cryptocurrency Custody Services in Dubai
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19th Oct: Crypto & Coffee at 8
đĽNYAG Sues Genesis Gemini & DCG âBinance.US US Suspends Withdrawals đ´ Polygon âDecentralized Governance đ Coinbase in Ireland
đĽ Extreme Left Leaning Office of the New York State Attorney General has filed a lawsuit against Genesis Global Capital, Gemini Trust, and Digital Currency Group (DCG). The complaint also includes allegations against Soichiro Michael Moro, the former CEO of Genesis, and Barry Silbert, the founder and CEO of DCG. New York Attorney General Letitia James said in a statement that can be found here https://lnkd.in/dKG8j6HP The news is also published in Extreme Left News Media The New York Times article here https://lnkd.in/dDFKhQxb
â Gemini, Genesis, and DCGâs fraud led to roughly $1 billion in losses for more than 230,000 investors, including at least 29,000 New Yorkers.
âBinance in the news
â Crypto exchange Binance.US US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. More info on this here https://lnkd.in/dBJAY6xu
đ Polygon Labs, a scaling solution for Ethereum, introduced a âPolygon Protocol Councilâ with 13 founding members, including figures from Coinbase and the Ethereum Foundation. Under Proposal PIP 29, this council will oversee time-limited changes to Ethereumâs smart contracts for Polygonâs protocols, emphasizing decentralized governance.
â According to the announcement, the council will âexecute the community-led process to initiate future upgrades, including those proposed in the Frontier phase of Polygon 2.0.â Info here https://lnkd.in/dkkbN-zW
đ Coinbase has chosen Ireland as the base for its European Union entity to align with the regionâs primary cryptocurrency regulatory framework, the Markets in Crypto-Assets Regulation (MiCA). This decision was communicated to Cointelegraph on October 19th. More info on this here https://lnkd.in/dHDZkRKC
đ Two UAE news (See slides )
⥠Coinbase director hired and relocated by Dubai crypto exchange
⥠UAE Government Unveils White Paper Focused on Metaverse Regulation with OKX
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Panel Discussion/ Chat with some Elite Athletes from Dubai
The Fitness Frontier: Championing Fitness & Stories of Triumph and Transformation
Guest: Steven Robinson, Cheryl Kelsall, George Blackwell & Adam Vandenberg
Date 16th Oct
Time: 19:00
Recorded via Google Meet
Contact Information: Instagram
Steven Robinson: steven_presents_2.0 https://tinyurl.com/mrzj6ytv
Cheryl Kelsall: the_gym_n_tonic_traveller https://tinyurl.com/bdfrsnca
George Blackwell: georgeblackwel1 https://tinyurl.com/5332upaa
Adam Vandenberg: vanmantekkerz https://tinyurl.com/b4zjx8e3
Spirit Level: Spiritlevel.uae https://tinyurl.com/bdh225uf
The panel featured elite athletes, each juggling their fitness pursuits alongside full-time jobs, providing a unique perspective on the intersection of passion and profession in the fitness world.
Summary of the conversation
Balancing Passion and Excellence: The panellists shared insights into how their passion for fitness intersects with their professional pursuits, highlighting the symbiotic relationship between their dedication to fitness and their expertise in other areas. * Performance Improvement and Embracing Challenges: Sound advice was provided on enhancing performance, trying new things, and accepting challenges in the fitness journey. * Honest Opinions on Bitcoin & Cryptocurrencies: The panellists candidly discussed the pros, cons, and notable figures in the cryptocurrency space. * The Future of Fitness in the Metaverse: Speculation and thoughts about the evolving role of fitness in the emerging metaverse were explored. * Fun Questions: The episode wrapped up with some lighthearted and entertaining questions to round out the conversation.
Thanks for the podcast.
For feedback or suggestions send us an email to info@blockchaindxb.com
18th Oct: Crypto & Coffee at 8
đĽ BlackRock CEO Larry Finkâs thoughts on Crypto âBinance: NO to UK, â Roblox debunks crypto rumoursđ¨ Reddit, Inc. shuts down âCommunity Pointsâ
đĽ Larry Fink, the CEO of BlackRock, the worldâs largest asset management firm, views the recent surge in Bitcoin as a prime example of the growing interest in cryptocurrency. With the ongoing Israel-Hamas conflict, he anticipates that more individuals will turn to Bitcoin as a âsafe havenâ asset. Fink emphasized that they have been receiving inquiries from clients worldwide expressing a strong interest in cryptocurrency.
đĽ BlackRock CEO Larry Fink offered his perspective on the bitcoin rally Monday following a rumour that the U.S. Securities and Exchange Commission (SEC) had approved his companyâs spot bitcoin exchange-traded fund (ETF) application. Full interview via Fox Business Network here https://lnkd.in/dpF7bERe
â Fake news was spread by Cointelegraph via Twitter. The news outlet later retracted the story. Bitcoin spiked nearly 10% before dropping back to the $28,000 level after the fake news report.
Binance trouble in 2023 continues as Halts Accepting Users in the U.K
Binance has revealed its decision to cease accepting new users from the United Kingdom, a move aimed at adhering to the recently introduced crypto regulations by the Financial Conduct Authority (FCA). Binance has clarified that it is actively searching for a (FCA) approved entity to assess and sanction its financial promotions within the United Kingdom, ensuring alignment with the updated regulatory framework
đĽ From Monday 16 October 2023 at 5 pm UK time, Binance will stop accepting new UK users. Info here https://lnkd.in/dVNybG6G
â Fake news by BitPay
â Roblox has refuted widespread assertions of offering support for XRP, the cryptocurrency associated with Ripple. The gaming platform has officially stated that these claims are inaccurate and that they do not permit crypto payments. More info via Decrypt here https://lnkd.in/deHMN8RD
The rumours began swirling late Monday when payments processor.
â BitPay tweeted that users could begin using Rippleâs XRP token for Xsolla payments in supported gamesâââand tagged the free-to-play games Roblox and Smite
đ¨ Reddit, Inc. to wind down blockchain-based rewards service âCommunity Pointsâ Official info here https://lnkd.in/dGkFsi6h
â A Reddit team member said while the platform saw âsome future opportunities for Community Points, there was no path to scale it broadly across the platform.â The Community Points service, including the special memberships feature, will be wound down on Nov. 8. âAt that point, users will no longer see Points in their Reddit Vault nor earn any more Points in your communities,â the Reddit team member wrote.
đ Two UAE News (See slides)
⥠Dubai Land Departmentâs RDC unveiled Metaverse Litigation a virtual platform for real estate litigation sessions
⥠Bitget launches Bitget Credit Card in Dubai
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17th Oct: Crypto & Coffee at 8
đą Stable coin volumesđ Uniswap to charge 0.15% 𼜠Tether.to Freezes 32 addressesđ´ Vitalik Buterin sends 15M Circle from USDC to Gemini â Stack Overflow axes 28% of staff
đ° Uniswap Labs made an announcement to charge 0.15% swap fees beginning Oct. 17 Hayden Adams founder of Uniswap mentioned via Twitter https://lnkd.in/dY-sjdVD that this interface fee is one of the lowest in the industry, and it will Uniswap to continue to research, develop, build, ship, improve, and expand crypto and DeFi.
â Cointelegraph previously reported on Sept. 27 that Uniswap Foundation, the DEXâs developer, is targeting $62 million in additional funding for building infrastructure and ecosystem grants. https://lnkd.in/dKzC4YnA
đ´ Stablecoins: Censored
- Tether.to Freezes 32 Addresses Linked to Terrorism and Warfare in Israel and Ukraine Official info here https://lnkd.in/dxc-URj6 They have reaffirmed its commitment to working closely with law enforcement agencies across the globe to combat cryptocurrency-funded terrorism and warfare.
đ´ Tether has aided 31 agencies worldwide with investigations across 19 jurisdictions, freezing a total of $835 million in assets mostly associated with theft (blockchain and exchange hacks) with a minor portion to other crimes. Tether has frozen 32 addresses, containing $873,118.34, that were found to be linked to illicit activity in Israel and Ukraine. Tether has been working with the NBCTF in Israel to counter cryptocurrency-funded terrorism and warfare.
đŹ According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterinâs wallet, âvitalik.eth,â transferred $14.93 million to Gemini on Oct. 16. https://lnkd.in/dgTdWMep
â What does this mean for the price of #ETH?
â Vitalik Buterin received the original sum of 14.93 million USDC from Kanros.official, a charity affiliated with Buterin on Oct. 14.
Separate analysis from crypto data provider Lookonchain found that Buterin had also recently transferred nearly $500,000 to Coinbase three days prior.
đ Stack Overflow CEO had a message to his staff about the extremely difficult decision to reduce the companyâs headcount by approximately 28%. Info here https://lnkd.in/d7AR5qzc Unfortunately companyâs headcount will be reduced by approximately 28%.
đ¨ In August, Stack Overflow acknowledged a slight decline in its web traffic compared to 2022, with an average drop of approximately 5%. Interestingly, in April of the same year, they observed a more significant traffic decrease of around 14%. This decline in traffic can likely be attributed to developers exploring GPT-4, which was released in March
đ Two UAE news (See slides)
⥠Solana Foundation joins DMCC Crypto Centre as Ecosystem Partner in Dubai
⥠UAEâs Phoenix Group gears up for IPO in Abu Dhabi
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
đ¨ Tough Mudder Arabia Registration link here https://tinyurl.com/3phtrx28 15% Discount Code: racespace15
⥠Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1eâĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
16th Oct: Crypto & Coffee at 8
⥠Fastest Blockchain by Telegram + TON Foundation + Alibaba Group â Alamedaâs $150M Bribery đť Coinbase spot tradingđťTrezor hardware wallet đ Ferrari accepts Cryptođ
âFastest Blockchain by Telegram Messenger + Alibaba Group + TON Foundation
đ¨ The Open Network Foundation (TON Foundation) is on a mission to secure an official title as the worldâs fastest blockchain, seeking accreditation from the Guinness World Records. To achieve this, they are conducting a public network performance test scheduled for October 31, 2023, at 15:00 UTC. This test will showcase The Open Network (TON) blockchainâs exceptional reliability, scalability, and speed.
âTON Foundation is preparing to deploy 256 servers for validator nodes, establishing a dedicated TON blockchain network designed specifically for these performance tests. Info via Yahoo Finance https://tinyurl.com/yvdncupc
⥠As per the report, the TON blockchain has experienced significant growth since 2022, witnessing a 20-fold increase in addresses from 170,000 to 3.5 million.
đĽ Trial of the century of Legend & and former CEO of FTX, Sam Bankman-Fried is ongoing & Caroline Ellisonâs recent testimony revealed that Alameda Research is believed to have shelled out a whopping $150 million to Chinese officials to unlock accounts valued over $1 billion. More info via Bitcoin.com here https://tinyurl.com/ypeev3fd
đĽ Also what makes it mysterious is that former co-CEO, Sam Trabucco, has seemingly vanished from public view after FTXâs downfall. Coinbureau has a great video called The FTX Mystery NO ONE Can Explain⌠via YouTube on here https://tinyurl.com/ttzz9dtj
â Coinbaseâs spot trading volume saw a significant 52% drop compared to the same quarter in 2022, with approximately $76 billion recorded. A sharp decline compared to the same quarter in 2022. Bloomberg reported on Oct. 11 & and according to the report, the new numbers are the lowest theyâve ever been since before Coinbase got listed on the Nasdaq Stock Market in 2021, which was also months before the prices of crypto were at their peak. Article here https://tinyurl.com/2rzvrunw
đ Trezor, the Czech-based manufacturer renowned for its flagship Bitcoin hardware wallet, the Trezor Model T, has introduced an exciting range of new products, including metal seed backup options, tailored to cater to crypto beginners.
⥠A trio of new products
Trezor Safe 3
Trezor Keep Metal
Trezor Safe 3 Bitcoin Only
đ Ferrari to Accept Crypto
Reuters is reporting Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief Enrico Galliera told Reuters. https://tinyurl.com/36beu47x
đ Two UAE news (See slides)
⥠DMCC (Dubai Multi Commodities Centre) partners with Bybit to advance
âĄCrypto & Web3 Dubai launches âDubai AIâ, its own AI-powered digital city concierge
For slides click here: https://tinyurl.com/25y9a8az
LinkedIn Profile here: https://bit.ly/3f46zC5
To help support this channelâ Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
đ¨ Tough Mudder Arabia Registration link here https://tinyurl.com/3phtrx28 15% Discount Code: racespace15
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Blockchain DXB + Duncan Dewes, the Regional Director of the Tough Mudder global race.
Podcast Session: via Google Meet
Date 10th October
Time 17:00GST
Contact details for Duncan Dewes & Tough Mudder Arabia
Instagram: @Duncan.dewes https://tinyurl.com/5n8hwu3u
LinkedIn: https://tinyurl.com/2zsu3ht2
Tough Mudder Arabia
UAE RACES 15% discount code: racespace15
Website: https://toughmudderarabia.com/
Registration link for Fujairah 14th Oct 2023: https://tinyurl.com/48w37umsRegistration link for Dubai 11th & 12th Nov 2023: https://tinyurl.com/mjk4bt8b
Registration link for Tough Mudder Infinity 24th Feb 2024: https://tinyurl.com/2cxaakj2Instagram: @toughmudderarabiahttps://tinyurl.com/34he9j9k
Facebook: https://tinyurl.com/5bjrjdbz
Twitter: @ToughMudder_ar https://tinyurl.com/27v3k5nr
Information about Saudi www.visitsaudi.com
Things to do in Abha, Saudi Arabia https://tinyurl.com/upya7p9mVision Saudi Arabia: https://www.vision2030.gov.sa/en/
Saudi Vision 2023 https://riyadhexpo2030.sa/
Experience Alula https://www.experiencealula.com/
Summary of the conversation
Introduction and Background:
Challenges of OCR Events in the Middle East:
Upcoming Events and Challenges:
Innovative Ideas and Future Plans:
Tough Mudder Infinity and Competition:
Event Logistics and Management:
Partnerships and Hybrid Events:
Challenges and Feedback:
Bitcoin, Cryptocurrencies, and NFTs:
Metaverse and Technology:
Advice for Event Organizers:
Closing Thoughts:
Thank you for the podcast
11th Oct: Crypto & Coffee at 8
đĽ Geopolitical chaos = Crypto marketđť#BTC Lightning Network đđ´ Changpeng Zhao indictment in Brazil? đ Sam Bankman-Fried as US President
â Are Bitcoin and cryptocurrencies safe haven during times of WAR? NO
â Geopolitical chaos over the last few days has caused a global meltdown & people becoming experts overnight over the GAZA conflict
â Cointelegraph has reported that US Stocks rose for the third straight day as bond yields fell & and Treasury yields declined, giving stock market bulls new momentum. Article here https://lnkd.in/dAwupujH
đ Stocks in the US rose for the third straight day as the market continued to assess the effect of the Israeli-Hamas conflict. Bond yields fell as investors desired the safety of US Treasuries, and these falling yields helped to bolster the stock market. Today was the first day that Treasuries have been traded since the start of the Israeli-Hamas conflict, as the bond market was closed on Monday.
đ The global Crypto market is down $1.05T via CoinMarketCap stablecoins accounting for 95.97% of the total crypto market 24-hour volume.
đď¸ However multi billionaire Paul Tudor Jones., CEO of Tudor Investments feels Geopolitical Instability Makes Bitcoin a Good Bet More info on this via Decrypt https://lnkd.in/d_U-6tzE The billionaire hedge fund manager said in an interview with CNBC Tuesday that we are living in a âreally difficult timeâ with the Israel-Gaza war, Russiaâs invasion of Ukraine and China and U.S. tensions.
đŁď¸ We strongly disagree as Bitcoin and crypto did not prove to be safe havens during COVID-19 & and the start of Russia Ukraine War. Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts we share our opinion on this
⥠Lightening Network
According to a report by the Bitcoin-exclusive exchange River, the Bitcoin Lightning Network has experienced a remarkable growth of 1,200% in just two years. This surge in Lightning Network usage is poised to significantly enhance Bitcoinâs effectiveness as a medium of exchange. More info on this here https://lnkd.in/d5q6-nt7
đ´ Binance CEO Chanpeng Zhao stands accused of multiple financial crimes. Source: Chamber of Deputies of Brazil. A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes. More info on this here https://lnkd.in/dMQQjqaA
đ Legend Sam Bankman-Fried as US President
â Former FTX CEO Sam âSBFâ Bankman-Fried had ambitions to become president of the United States, according to his former girlfriend and business associate Caroline Ellison.
đ Two UAE news
⥠Deribit is also planning a strategic move to Dubai after obtaining the necessary licenses.
⥠First Abu Dhabi Bank (FAB) completes pilot testing for blockchain-based cross-border payments
For slides click here: https://tinyurl.com/4pm8zv68
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
đ¨ Tough Mudder Arabia Registration link here https://tinyurl.com/3phtrx28 15% Discount Code: racespace15
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
10th Oct: Crypto & Coffee at 8
đ Gitcoin $460K error đ°Coinbase 2nd Largest ETH staker đ´Binance, OKX + MoonPay comply with new rules in UK âUkraine AI regulationâ
đ Crypto developer platform Gitcoin has lost approximately $460,000 worth of Gitcoin (GTC) tokens due to an accidental transfer to an unrecoverable contract address. The funds were meant for a merchandise, memes, and marketing budget proposal but ended up in a GTC token contract instead. These funds are now trapped with no way to retrieve them, as reported on October 6 by project lead Coach Jonathan on the Gitcoin governance forum. More info on this here https://lnkd.in/dBMkMRBq
đ˛ A total of 521,440 GTC tokens were lost in the snafu. The coin was trading at just below $0.90 at the time, making the dollar loss an estimated $461,000.
đ¨ Wu reports that a study conducted by Dragonfly data scientist hildobby, using data from Dune analytics, shows that Coinbase currently holds 3.873 million staked ETH, making up 14.1% of the total staked ETH. Coinbaseâs significant presence in the ETH staking arena is second only to the liquid staking platform, Lido DAO, which controls a remarkable one-third of all staked ETH.
đ¨ Binance and Kraken Digital Asset Exchange have a 4.2% and 3.0% market share, respectively. Meanwhile, the Figment staking pool comes third with a 4.9% market dominance.
đĄ Binance, OKX, and MoonPay, have made announcements regarding their efforts to adhere to the United Kingdomâs recently introduced regulations on financial promotions.
Official anncoument via Binance here https://lnkd.in/dcNf83j9
Official announcement via OKX here https://lnkd.in/dg-mq6Td
In summary
- Binance will limit U.K. retail users to compliant services like trading, Binance Pay, and NFTs from Oct. 8.
- They will stop offering non-compliant products such as gift cards and referral bonuses.
- These changes affect U.K. retail users but not exempt groups like institutional investors.
- OKX reduced token offerings and added clear risk warnings on its platform.
- Theyâve launched a U.K. social media account for compliant updates.
- MoonPay is also adapting to comply with the new FinProm rules, facing global challenges.
đ Ukraineâs Ministry of Digital Transformation presented its regulatory roadmap for artificial intelligence (AI) on Oct. 7 Info here https://lnkd.in/dP9Kxcje Cointelegraph states the aim of the regulation is to help local companies prepare for adopting a law analogous to the European Unionâs AI Act. It also seeks to educate citizens on protecting themselves from AI risks. Article here https://lnkd.in/dMEMmX2t
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 we share our opinion on this. Also, see slides 1 & 2 for a global snapshot of the crypto market
đ Two UAE news (See slides)
⥠Dubai Regulator Blocks the Sale and Distribution of Islamic Coin
⥠Abu Dhabiâs IHC to acquire 10% stake in crypto firm Phoenix Group
For slides click here: https://tinyurl.com/yc76s5kc
Link here: https://bit.ly/3f46zC5
To help support his channel:â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
đ¨ Tough Mudder Arabia Registration link here https://tinyurl.com/3phtrx28 15% Discount Code: racespace15
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
Blockchain DXB + Jake Yocom-Piatt, CTO & Project lead for Decred
Podcast Session via Google Meet
Date: 09th October
Time 10:00am ET / 18:00GST
Contact details for Jake Yocom-Piatt
Email: jy-p@decred.org
Twitter: @ behindtext https://tinyurl.com/2dn87ckz
Threads@ behindtext https://tinyurl.com/2f84tp5n
Contact details for DecredDecred
Website: https://decred.org/
https://chat.decred.org/
Information about BisonRelay: https://bisonrelay.org/
YouTube: @DecredTV https://tinyurl.com/4257thhf
Twitter @decredprojecthttps://tinyurl.com/7txx88m7
Medium https://tinyurl.com/t26e76e9
Redditt : https://tinyurl.com/2wymxfd8
Discord: https://tinyurl.com/bddue3xs
Summary of the conversation
Introduction and Background
Segment 2: Decred Overview
Segment 3: Decred's Governance and Consensus Mechanisms
Segment 4: Bison Relay and Privacy
Segment 5: Privacy in Decred
Segment 6: Decentralized Exchange and Long-Term Vision
Segment 7: Quantum Computing and AI
Segment 8: Future Plans and Challenges
Segment 9: Personal Interests
Thanks for the podcast.
For feedback or suggestions drop us an email to info@blockchaindxb.com
09th Oct: Crypto & Coffee at 8
đ Trial of the Century: SBF âBinance XRP holding đĽ Iris Energy mining ⥠Bank of Korea and Bank for International SettlementsâââBIS CBDC
đ¨ Legend Sam Bankman-Fried former CEO of FTX trial is still ongoing. Sam bank man has pleaded not guilty to all the 13 criminal charges filed against him. In his trial in October, He was charged with 7 of them
Conspiracy to commit wire fraud on customers of FTX
Wire fraud on customers of FTX
Conspiracy to commit wire fraud on lenders to Alameda Research
Wire fraud on lenders to Alameda Research
Conspiracy to commit fraud on customers of FTX in connection with the purchase and sale of derivatives
Conspiracy to commit securities fraud on investors in FTX
Conspiracy to commit money laundering
đ´ CoinDesk has an excellent summer of the 1st week of trial here https://tinyurl.com/yc7bh9x2 Check out Blockchain DXB Crypto & Coffee at 8 we share our commentary on it. Also, see slides 1 & 2 for a global snapshot of the crypto market.
đ According to Binanceâs Proof of Reserves report, the exchange holds a staggering amount of XRP to cover 104.15% of customer balances. Official source here https://tinyurl.com/z6xvm6by
đ
Binance currently has over 2.738 billion XRP tokens worth more than $1.35 billion against customer deposits of 2.629 billion XRP tokens. This marks a rise of almost 50 million XRP in its reserve as compared to the previous monthâs total of 2,686,407,725 XRP
đŚ The Bank of Korea and the Bank for International SettlementsâââBIS (BIS) are launching a pilot program to test a Korean wholesale central bank digital currency (CBDC). This CBDC will facilitate interbank transactions and the issuance of CBDC-backed digital currencies, which can be fractionally backed as needed. Official info here https://tinyurl.com/f8tbkhuj They are focusing on Tokenization and Wholesale CBDC
đ¨ Iris Energy boosts bitcoin mining capacity by 25%. They have agreed to buy 7K Bitmain S21 mining machines, resulting in a 25% increase in its self-mining bitcoin. More info via https://tinyurl.com/3wjf448x
đ¨ The company said Thursday it mined 390 bitcoins (BTC-USD) in September, down from the 410 produced in the prior month. Its average operating hashrate came in at 5,554 petahashes per second (PH/s) vs. 5,493 in August.
đ Two UAE news: (See slides)
⥠South African Crypto Exchange VALR Receives âInitial Approvalâ From Dubai Virtual Assets Regulator
⥠University of Birmingham Dubai gathers experts to explore generative AIâs impact on education
For slides click here: https://tinyurl.com/bdeptbsu4
LinkedIn Profile: https://tinyurl.com/569zh78j
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
đ¨ Tough Mudder Arabia Registration link here https://tinyurl.com/3phtrx28 15% Discount Code: racespace15
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
05th Oct: Crypto & Coffee at 8
đĽ Fiat currency is a scam! đ¨ Crypto đ SEC update đU.S. Department of the Treasury sanctions more crypto walletsâ Ripple payment license in Singapore
đĽ Elon Musk CEO of Tesla, SpaceX replied to a tweet that asked â Whatâs a scam thatâs so normalized, that we donât even realize itâs a scam anymore? Elon Musk reply âFiat Currencyâ https://lnkd.in/d4G7DbSF
đ¨ Crypto 2 SEC 0
â The U.S. Securities and Exchange Commission (SEC) has formally requested that a federal judge reject Coinbaseâs motion to dismiss a lawsuit brought by the regulatory agency. The SEC has claimed that Coinbase has been aware from the outset that the cryptocurrencies it offers are considered securities when they meet the criteria of the Howey test. The regulatory body also alleges that Coinbase acknowledged this fact in its submissions to the SEC. Official filing here https://lnkd.in/dRvt_JQ3 Paul Grewal feels its the same old technique used by SEC his tweet here https://lnkd.in/dqSNUCMV
â In an Oct. 3 filing in a New York District Court, the SEC hit back at claims in Coinbaseâs dismissal motion and reiterated its belief that some of the cryptocurrencies listed on its platform were investment contracts under the Howey test subject to SEC registration.
đ´ Ripple Case
In a court order dated October 3rd, Judge Torres rejected the SECâs motion, stating that the regulatory body did not sufficiently demonstrate that there were pivotal legal issues at stake or substantial reasons for differing opinions on the matter. But Lawyers debate over Ripple case after rejection of SECâs motion for appeal Crypto lawyer Jeremy Hogan described the recent order as a âdisasterâ for the SEC, but other legal commentators are urging the community to temper its excitement for now. More info on this via Cointelegraph https://lnkd.in/dKqW2QWs
đ The Office of Foreign Assets Control of the U.S. Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in producing fentanyl. Official info here https://lnkd.in/dj6NsfcV that states China-based chemical companies often attempt to evade law enforcement by using re-shippers in the United States, false return labels, false invoices, fraudulent postage, and packaging that conceals the true contents of the parcels and the identity of the distributors. In addition, these companies tend to use cryptocurrency transactions to conceal their identities and the location and movement of their funds.
đľ Brad Garlinghouse, CEO of Ripple mentioned via Twitter that in just 4 months after they received in-principle approval from Monetary Authority of Singapore (MAS) & now secured the full Major Payment Institution license for digital payment token services in Singapore. Official info here https://lnkd.in/dZ9fSkCf
đ Two UAE news (See slides)
⥠Egyptian AI startup intella raises $3.4m from Saudi investors
⥠Web3.0 is just hype, episode by Blockchain DXB
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
đ¨ Tough Mudder Arabia Registration link here https://tinyurl.com/3phtrx28 15% Discount Code: racespace15
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
04th Oct: Crypto & Coffee at 8
đ Neal Stephensonâs LAMINA1 đEU Plans for Wholesale CBDC đśLedger and Sothebyâs â Samsung Electronics AI chips with Tenstorrent Inc.
đ LAMINA1: Discovery month
â Rebecca Barkin, the CEO of LAMINA1, stated to Cointelegraph that as long as individuals keep dedicating their time and financial resources to digital encounters, the development of the metaverse will persist.
đ´Neal Stephenson, who coined the term âmetaverseâ in his 1992 book, Snow Crash, is pushing forward with its vision despite waning interest in it and some declaring that itâs âdead! Article here https://lnkd.in/d6TWvjah
đ They are co-hosting two interactive workshops for Unity and Unreal Engine developers this month to begin diving in with the toolkit, as well as two Creator Competitions that will allow participants to have their art and experiences featured on our Lamina1 Hub platform,
đď¸ Check out Blockchain DXBâs Metaverse Everything podcast via Spotify here https://lnkd.in/dkmc4FAU where we discuss
- If Metaverse is Dead
- Cryptopolitan article states Investors register 99% losses Article here https://lnkd.in/dK2MFkMh & more
đ Wholesale CBDC
François Villeroy de Galhau governor of Franceâs central bank said that Euro area central banks will set out plans for a wholesale central bank digital currency (CBDC) in the coming weeks, as they seek to innovate how financial institutions settle securities and foreign exchange transactions The EU plans for Wholesale CBDC out within weeks. More info via CoinDesk here https://lnkd.in/dQV5_QbC
đ Sothebyâs is joining forces with Ledger to offer a unique digital art experience. As part of this exciting collaboration, Sothebyâs collectors will have access to exclusive hardware wallets provided by Ledger. Additionally, this partnership will introduce a special edition of the Ledger Stax in the near future, enhancing the digital art experience for art enthusiasts and collectors alike. The move comes amid Ledgerâs strategy to become a key player in the digital art world. Decrypt here https://lnkd.in/dqS2E-GW
đľ AI Dominance
The race to develop AI chips continues as Samsung Electronicsâs chip manufacturing department partnered with Canadian startup Tenstorrent Inc. to produce chips and intellectual property for data centres. On Oct. 2, the startup announced the partnership with Samsung, saying it will use it to bring the ânext generation of AI chiplets to market.â Tenstorrent manufactures chips and intellectual property (IP) for data centres.
Jim Keller, the CEO of Tenstorrent said the goal is to develop âhigh performance computeâ and to deliver these solutions to âcustomers around the world.â More info via Cointelegraph https://lnkd.in/dJtFc77a
đ Two UAE news: (See slides)
⥠Ex-UBS MD Tim Grant leaving crypto to start a new fund is hot in Abu Dhabi
SAUDI ARABIA LAUNCHES NATIONAL OLYMPIAD FOR PROGRAMMING ⥠AND AI TO ATTRACT 300,000 PUPILS
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
03rd Oct: Crypto & Coffee at 8
đ´ UBS Launches Tokenization đCoinbase Obtains Payment License in Singapore âWorldcoin shutdown in Kenya đĽ Tether.to treasury receives $100M from Bitfinex
đ´ The U.S. government avoids a shutdown and the Global crypto market đ Fear & Greed Index is 47 indication neutral!
⥠Bitcoin SV is up by 21.93% đ
⥠Will a Bitcoin Spot ETF or Ethereum Future be approved during the 45-day stopgap arrangement?
đ UBS, the Swiss banking giant, has introduced a tokenized money market fund on the Ethereum blockchain. This fund is a key component of the broader VCC initiative, which aims to tokenize a range of real-world assets and bring them onto the blockchain. UBS Asset Management launches first blockchain-native tokenized VCC fund pilot in Singapore & The fund is part of a wider VCC umbrella designed to bring various âreal world assetsâ on-chain as part of Project Guardian, a collaborative industry initiative led by the Monetary Authority of Singapore (MAS). https://lnkd.in/dPnWQx_c
đ Coinbase has successfully secured a payment institution license from the Monetary Authority of Singapore (MAS) Authority of Singapore. This significant development will empower the exchange to broaden its offerings, allowing it to provide digital payment token services to both individuals and institutions within Singapore. The company made this announcement in a blog post here, highlighting that it had previously received provisional approval as a payments institution license holder in Singapore last year. Info here https://lnkd.in/dVfKKuGK
đ A parliamentary committee in Kenya has suggested that regulators should close down Worldcoinâs operations in the country. The committeeâs report, released on September 30, alleges that Worldcoin has persistently gathered personal data from Kenyan residents, including potentially minors, despite being ordered to stop in May. Cointelegraph article on this here https://lnkd.in/dsCfWNPx
đ° On Oct 2, 2023, two separate transactions of 50 million Tether (USDT) each were sent from Bitfinex to the âTether Treasuryâ address. These transactions occurred just two minutes apart, with the first one taking place at 9:43 am UTC, valued at $50,039,125, and the second at 9:45 am UTC, worth $50,038,875, as reported by Whale Alert.
⥠According to data from CryptoQuant, stablecoin holdings in exchanges have steadily declined over the past year, beginning around November 2022.
â A pump scheme?
đ Santiment AG, a market intelligence platform, recently shared insights on market trends. Among these insights, they noted that Tetherâs âsharks and whalesâ are increasing their buying strength, a development typically seen as a positive sign for the market. Info via Cointelegraph here https://lnkd.in/dsnU63rN
đ Twp UAE news (See slides)
⥠Leading Turkish crypto exchange Bitay marks an expansion into UAE
Ex-SoftBank
⥠Ex-SoftBank Exec Akshay Naheta Sets Up Stablecoin to Dodge High Inflation
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
02nd: Crypto & Coffee at 8
đ US Fed Gov: NO Shutdown, Crypto Market đđ˘ Ethereum Futures ETF launchđ°Human Rights Foundation donates $500K to #BTC projects
đ No Shutdown: Crypto reacts đ
â The US Congress passed a stopgap measure to avert a government shutdown Kevin McCarthy mentioned via Twitter that the House just passed a short-term stop-gap measure that will keep the government open, pay our troops, and fully fund disaster relief. https://tinyurl.com/35surdfe
đ MarketWatch 3 days ago stated U.S. government shutdown could boost bitcoin prices, article https://tinyurl.com/2prkccat the prices have pumped BUT now since there is a stopgap. Tal Cohen managing director at Kraken Digital Asset Exchange USA, agreed that a government shutdown could be beneficial for bitcoin, but is less bullish on the price increase.
⥠Now since we have a stopgap for 45 days, could this mean the prices would dump?
⥠The global crypto market is close to $1.10T, See slides 1 & 2 below for a global snapshot. Also, check out our commentary on how Fed shutdown news & and stopgap updates have impacted the crypto market.
đď¸ Ethereum futures ETFs to start trading next week?
đ˘ Cointelegraph reported on the 28th Sep that Investment firm Valkyrie will start offering exposure to Ether futures in the coming day, Starting Oct. 3, the fundâs name will be updated to the Valkyrie Bitcoin and Ether Strategy ETF. It will allow investors access to Ether and Bitcoin futures âunder one wrapper,â making it one of the first firms to do so amid several pending applications with the U.S. Securities and Exchange Commission.
đ˘Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the Cboe Global Markets (CBOE) in the coming days. Analysts suggested that a potential U.S. government shutdown might have accelerated the launch of Ether futures ETFs. https://tinyurl.com/ymjn5z5t
â This was under the assumption Fed would be shutting down from the 01st Oct
â But now since thereâs a 45-day stop gap does this guarantee an Ethereum Futures ETF
đ VanEck to donate 10% of profits from Ether ETF to core developers for 10 years Info here https://tinyurl.com/ppvvnz9z
đ´ Ethereum DAO monopoly
đŠ Vitalik Buterin, one of Ethereumâs co-founders, has recently voiced concerns about the growing influence of (DAOs) in the governance of node operators within liquidity staking pools. Blog https://tinyurl.com/mtpk4ejb
đ° Human Rights Foundation donates over $500k to 15 Global Bitcoin projects These new grants focus on furthering worldwide Bitcoin education, Core development, DLCs, ecash, and financial aid for developers from repressive regimes. Key areas of focus include Latin America, Africa, and the Middle East. https://tinyurl.com/yke396jc
đ Two UAE news (See slides)
⥠Scienjoy Amplifies its Metaverse Vision with Key Strategic Initiatives in Dubai
⥠SBI works with UAEâs TradeFinex to set up joint crypto venture in Japan
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
28th Sep: Crypto & Coffee at 8
đFederal government shutdown đľ Ether ETF applications update đ´ Binance exits Russia đ Bored Ape Yacht Club + Japanese Streetwear Brand Bape
đĽ Shutdown!
â A federal government shutdown is looming, set to begin on October 1 unless Congress successfully passes spending legislation. In the event of a shutdown, nonessential government functions would come to a halt. From 01st Oct, Looks like It's black and it's pink once the sun down, When the Republicans pull up, you know it's a shutdown. This means that federal workers would not receive their paychecks, some households may experience delays in receiving certain federal benefits, and customer service for individuals with student loans and other federal services could face significant disruptions. The longer the shutdown lasts, the greater the potential impact will be on various aspects of government services and the lives of citizens.
What does it mean for Crypto?
- Sheila Warren, CEO of the Crypto Council for Innovation, feels forward progress on bills will be stalled,
- Market sentiments could be impacted
- Most of the SECâs investigations and enforcement activity will grind to a halt
Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we share our commentary on the Federal Government shutdown & and its impact on the crypto market. We discuss the impact on
- Risk Aversion
- Market Sentiment
- Regulatory Impact:
- Payment Processing
đď¸ Ethereum ETF update
đ The U.S. Securities and Exchange Commission has extended the deadlines for reviewing the applications for spot Ether ETFs submitted by ARK 21Shares and VanEck. Additionally, they have granted more time for the evaluation of spot Bitcoin ETF applications from ARK 21Shares and GlobalX, with these extensions taking effect on September 26th.
đ In separate notices filed Sept. 27, the SEC said it would designate a
longer period on whether to approve or disapprove of a proposed rule change that would allow listings of spot ETH ETFs from VanEck and ARK 21Shares on the Cboe Global Markets BZX Exchange. The commission said it had received no public comments on either proposal and would push the deadlines for another delay or decision to Dec. 25 and Dec. 26, respectively. Info here https://lnkd.in/dkQ8cnds
đď¸ Binance has agreed to sell the entirety of its Russia business to CommEX as it looks to fully exit the market over compliance concerns. Info via CoinDesk here https://lnkd.in/djsp8TiY
đđť Yuga Labs, the creators behind the Bored Ape Yacht Club (BAYC), have announced an exciting partnership with the renowned Japanese
fashion brand, A Bathing Ape (Bape). They are gearing up to reveal an
unconventional collection at the upcoming Apefest event in Hong Kong scheduled for November. Info Yahoo Finance https://lnkd.in/dcbhTfjC
đ Two UAE news (See slides)
⥠Saudi Arabia is one of just 6 countries where crypto is growing- Report by Chainalysis
⥠Nokia opens new lab in Dubai to boost AI/ML adoption
For slides click here: https://tinyurl.com/4n6ye92s
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
27th Sep : Crypto & Coffee at 8
đĽ Stablecoins = money market funds. â Ethereum wallet sanctionedâ đKraken license registrations in Spain and Ireland âJ.P. Morgan subsidiary Chase UK to restrict crypto transactions
đĽ Stablecoins
â The Federal Reserve Banks of Boston and New York published a staff report on Sept. 26 comparing stablecoins, such as Tether USDT and Circles USDC to money market funds.
đ The report titled âRuns and Flights to Safety: Are Stablecoins the New Money Market Funds? is here https://lnkd.in/d9c2DSEe In the report they investigate similarities and differences between the two, comparing investor behaviour during the stablecoin runs of 2022 and 2023 to investor behaviour during the money market fund runs of 2008 and 2020. The report acknowledges that similarly to money market fund investors, stablecoin investors engage in a flight to safety.
đ See slide 2 to get a detailed breakdown of stablecoins. Also, check out Blockchain DXB Crypto & Coffee on the podcast to listen to our commentary on it.
đ´ Cointelegraph has reported that U.S. Department of the Treasury sanctions Ethereum wallet tied to cartel over âillicit fentanyl traffickingâ An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States. The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major international crime syndicate to its list of Specially Designated Nationals. Info here https://lnkd.in/dhmgfqjW
â The U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) sanctioned 10 individuals, including several Sinaloa Cartel affiliates and fugitives, pursuant to Executive Order (E.O.) 14059.
â According to data from Etherscan, the wallet had a balance of roughly 0.018 Ether $28.22 at the time of publication, with the latest activity more
than 200 days ago.
đš Kraken Digital Asset Exchange the oldest cryptocurrency exchange in the world mentioned via Twitter The Central Bank of Ireland has granted Kraken an EU e-money license. And that they have also secured a VASP registration with the Bank of Spain. https://lnkd.in/dDsDFkEK
â Crypto banned by Bank
⥠Cointelegraph is reporting that Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions starting Oct. 16. Chase Bank, a subsidiary of financial services company JPMorgan Chase & Co. Chase, will restrict all cryptocurrency-related transactions for its customers in the United Kingdom. Article here https://lnkd.in/dq8aJjBR
đ Two UAE news (See slides)
⥠UAE unveils 100 cutting-edge AI applications revolutionising media workflows
⥠Bank ABC introduces JPM Coin payments in Bahrain
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
26th Sep: Crypto & Coffee at 8 đď¸
đ° MicroStrategy buys $147M worth of #BTC âBybit Suspends in UK đđťTether.to USDT shuts redemption in Singapore đĽśUpBit freezes withdrawal
đ¨ Accumulation of Bitcoin among Billionaires, Multimillionaires, Celebrities + influencersâ
đ¨ Michael Saylor, co-founder and executive chairman of MicroStrategy,
announced via Twitter a 5,445 BTC purchase by the firm. The coins were bought for $147.3 million in cash at an average price of $27,053 per BTC. Official filing with the U.S. Securities and Exchange Commission here https://lnkd.in/eF94UnWT. MicroStrategy currently hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin.
â Michael Saylor is sounding like Satish Kumbhani from Bitconnect?
â What would happen if he is directly or indirectly forced to sell his bitcoin due to pressure from BlackRock who are aggressively focusing on ESG concerns?
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast we share our commentary on this. In the past, we have highlighted several #fakenews
& #misleading information posted by Michael Saylor.
⥠Also important to note Saylor is also an active member of the Crypto Mining council
đđť Bybit has made the decision to halt its services in the United Kingdom. This move is in response to the updated regulations concerning marketing and communication for cryptocurrency businesses, as mandated by the Financial Conduct Authority (FCA). New rules called âFinancial promotion rules for crypto assets,â are outlined here https://lnkd.in/edUAr6Pe
đť Tether.to USDT has reportedly changed its terms of service (ToS) in Singapore. An email shared by the CEO of decentralized finance protocol Cake DeFi on Sept. 25 shows changes to the companyâs ToS prohibiting certain customer bases from redeeming USDT Cake co-founder and Dr. Julian Hosp shared the email received from Tether, in which the company stated it cannot redeem USDT for United States dollars due to changes in its ToS. His tweet here https://lnkd.in/expvRTwe
Tether.to CTO Paolo Arduino refuted speculation around the mail calling it a FUD. Ardoino claimed the policy change in question has been applicable since 2020. Drama via Cointelegraph here https://lnkd.in/eUsct2KV
â Upbit, South Koreaâs biggest cryptocurrency exchange, has temporarily suspended withdrawal services. This action was taken in response to an unusually high volume of deposit attempts linked to a fraudulent token, which the exchange identified as a potential scam. Info here https://lnkd.in/ena5e2AP
Two UAE news (See slides)
⥠Saudi Arabia Blockchain Technology Marketâ 2023 Research Report by Report Ocean
⥠How Saudi Arabia is indigenizing the AI revolution and future-proofing its workforce- Article by Arab News
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
25th Sep: Crypto & Coffee at 8 đď¸
đŠ Ethereum Network Fees lowest â OpenSea API user breachâCoinbase news from Spain đ¨Coinbaseâs FTX EU acquisition plans
đŠ On-chain analytics show that Ethereum network fees have dropped to their lowest levels in 2023, averaging about $1.15 for each transaction. In 2021 & 2022 the average fees reached above $50 but this was during the POW era. A decline in fees is a positive sign for Ethereumâs utility and adoption, as lower costs make it more profitable and worthwhile to use the network. But what does it mean for the price of #ETH. We strongly urge checking details via DappRadar for a detailed breakdown of DAPP working on the Ethereum Blockchain
đ According to IntoTheBlock. The decline in activity in the network is partly because of the adoption of layer 2 networks, and the trend will continue in the near term. It also states Network fees, a proxy for usage, plunged more than 9% this week to $22.1 million, the lowest in nine months
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts to get a detailed breakdown of this. Also, see slides 1 & and 2 where we share global snapshot on #defi, #stablecoins & DAPPS
â OpenSea API users are warned of third-party security breaches Decrypt has reported that OpenSea instructed users to immediately âdeprecateâ usage of their current key and replace it with a new one, informing them that their current keys will expire on Monday, October 2. OpenSea warned that third-party access could affect victimsâ allocated rate and usage limits. Article here https://lnkd.in/dxuZn2NT
â Important to note that OpenSea did not reveal how many users were affected, or if other data besides API keys may be at risk.
đ¨ Coinbase has obtained Anti-Money Laundering (AML) registration approval from the Bank of Spain, enabling the cryptocurrency exchange to expand its services to retail and institutional investors in the Spanish market. Official info here https://lnkd.in/d-BZyHWX This registration will allow Coinbase to offer our full suite of products and services to retail and institutional users in Spain, all in compliance with the national legal frameworkâ.
đ¨ Coinbase pursued the FTX Europe acquisition as it looks to expand its overseas derivatives business. The company contemplated acquiring FTX Europe, which became available for purchase following its parent companyâs bankruptcy declaration last autumn. This consideration stemmed from FTX Europeâs lucrative derivatives operations and its expanding customer base, as reported by Fortune. Article here https://lnkd.in/drATK2PC
đ Two UAE news (See slides)
⥠UAE sets up a framework for AI-based laws
⥠UAE-Based Fuze Raises $14M for Digital Assets Infrastructure
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
21st Sep: Crypto & Coffee at 8 đď¸
đ¨ FED interest hike unchanged âĄPayPal rolls out PYUSD on Venmo đ´ Grayscale Investments ETH Futures ETF âBalancer frontend exploit
đŚ Federal Reserve Board chair has decided to leave the rate hike unchanged at 5.25 per centâââ5.50 per cent. We strongly urge watching the full video via YouTube here https://lnkd.in/dSFjZCs6 Thereâs a very high possibility for an increase in rate later this year
đ What does it mean for crypto?
đť Forkast.News mentioned that Bitcoin briefly fell below US$26,900 in the early morning hours after Fed Chair Jerome Powell said more interest rate hikes may be needed to curb inflation. https://lnkd.in/dbMf8fwR As of now the Global crypto market is down by 0.61% via CoinMarketCap đťCoinGape News article also states Bitcoin, BNB, & Pepe Coin Falls After FOMC Decision https://lnkd.in/dNznwakW
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our commentary on this. Also see slides 1â2 below for a global snapshot on #defi, #stablecoins #DAPP & more
đ° PayPal USD (PYUSD), PayPalâs on-chain, regulated, dollar-denominated stablecoin 100% backed by U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents, is available on Venmo starting 20th.
đ° PayPal USD is now available on Venmo to select users and will be rolling out fully in the coming weeks. Venmo users are able to purchase PYUSD and send it to friends and family on PayPal, Venmo, and compatible external wallets.
đ° Official news https://lnkd.in/dkFGfc5m
đĽ How will this news be impacted once CBDC goes mainstream?
â Grayscale Files With SEC for Ethereum Futures ETF on NYSE Arca
On September 19, Grayscale Investments, the leading digital asset manager, submitted documentation to the U.S. Securities and Exchange Commission for the establishment of a novel exchange-traded fund (ETF) exclusively focused on Ethereum (ETH) futures. This forthcoming entity, known as the Grayscale Ethereum Futures Trust, will be primarily composed of ethereum futures contracts within its portfolio. Official filing with the SEC here https://lnkd.in/d32nEjUF & looks like they are seeking permission to list an ethereum futures ETF on the New York Stock Exchange (NYSE) Arca. The digital asset manager wants to use ethereum futures contracts for its ETF.
â Exploit
â Balancer faced a frontend attack worth $238K The team believes a social engineering attack on its DNS service provider was what led to its websiteâs front end being compromised on Sept. 19. Blockchain security firms SlowMist + CertiK also believe the crypto wallet drainer, Angel Drainer, was involved in the estimated $238,000 exploit. More info via Cointelegraph https://lnkd.in/dVJha8jU
đ Two UAE news: (See slides)
⥠Silal launches blockchain-powered food tracing system to show the journey of produce Abu Dhabi Media Office
⥠VitaDAO and GlycanAge explore longevity and DeSci Labs in the Abu Dhabi event
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
20th Sep: Crypto & Coffee at 8 đď¸
đ° Bitcoin Adoption Fund by Nomura đ¨USDC on Polkadot đź Walmart-Backed âCultureverseâ đ´India state governments spur blockchain
đ° Nomura, Japanâs largest investment bank, has introduced the Bitcoin Adoption Fund through its subsidiary, Laser Digital Asset Management, targeting institutional investors. This marks the initial step in Nomuraâs plan to launch a series of digital adoption investment solutions. The Bitcoin Adoption Fund provides institutional investors with long-only exposure to Bitcoin and has selected Komainu as its custody partner for secure asset storage. Itâs part of the Laser Digital Funds Segregated Portfolio Company, officially registered as a mutual fund under the Cayman Islands Monetary Authorityâs regulations. Cointelegraph here fttps://tinyurl.com/89ypjhjz
â What does this mean for the price of Bitcoin?
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our commentary on the following areas
- Increased Institutional Interest:
- Legitimacy and Trust
- Long-Term Investment
- Custody Solutions
- Market Sentiment
â Additionally, past performance of similar funds or announcements can provide some insight, but it doesnât guarantee future price movements. Cryptocurrency markets remain highly speculative and volatile.
đĽ USDC on Polkadot Asset Hub
â Polkadot USDC is now available for developers and users of the Polkadot network! Circle Account and Circle APIs make it easy to access Polkadot USDC and transfer to parachains in Polkadot via the XCM protocol. Official news here https://lnkd.in/eMGryKCy
đ¨Cultureverse
âYesterday marked the launch of an innovative digital venture called âThe
Cultureverse,â which was created to celebrate the 50th anniversary of
hip-hop music. This unique project is the result of a collaboration between the retail giant Walmart and the Web3 creative studio known as POCLab. POCLab, co-founded by Simone Berry đŻđ˛ + Akbar Hamid and based in New York, was established in 2022 with a focus on promoting values
such as representation, diversity & inclusion https://lnkd.in/eaxzdgHd
â POCLabt eamed up with Walmart to launch The Cultureverse which Berry described as an immersive gamified experience that âpays homage to hip-hop pioneers and delves into their journey and impact.â
đĽ Indian state governments spur blockchain
Ankur Rakhi Sinha co-founder of Airchains Interview via Cointelegraph here https://lnkd.in/eYEk_gTS Check out our episode for our commentary on this! The article states numerous initiatives by local and state governments in India from data management systems to verifiable certificate issuances currently use blockchain technology. Check out our commentary in the podcast
đ Two UAE news (See slides)
⥠LFi labs launches in Dubai: A Pioneering Central Hub for Crypto
⥠Watad partners with ThirdAI Corp. to Boost AI Integration in Saudi Arabia
For slides click here: https://tinyurl.com/zsxwk342
LinkedIn Profile: https://tinyurl.com/569zh78j
19th Sep: Crypto & Coffee at 8 đď¸
đ¨FOMC meeting send Crypto đSEC inspection into Binance.US đĽSoftBank to invest in AI NOT crypto â Presearch: A decentralized search engine
đ¨The FOMC holds eight regularly scheduled meetings during the year. Scheduled events can be found here https://lnkd.in/d3JdKRGz Will Fed chair Jerome Powell increase the interest rate hike? Forbes article here https://lnkd.in/d9KhTM2W states Investors expect the Federal Reserve Board to maintain interest rates at current levels during its upcoming meeting on September 19â20. The S&P 500 has gained 17.3% year-to-date on optimism that inflation is trending in the right direction.
đ¨What does this mean for Crypto? Important to note any surprises could have significant repercussions for risk assets, including crypto.
đ The Fed will likely pause on rate hikes and opt to keep the federal fundâs target rate range between 5.25% and 5.5%. It will also likely continue to allow assets to roll off its $8.1 trillion balance sheet.
đĽ In a strongly worded court submission on Monday, the U.S. Securities and Exchange Commission (SEC) emphatically called on a D.C. court to grant permission for an examination of Binance.US. This action reinforces earlier allegations that the company has not complied with the SECâs request to provide essential documents during the ongoing legal proceedings. The SEC believes Ceffu, rebranded earlier this year from Binance Custody, may also be serving Binance.US, and therefore being used to shift U.S. customer funds out of the country in violation of a previous agreement to not do so. More info via CoinDesk here https://lnkd.in/d2Bjux6J
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we explore this news in detail. Also, see slides 1 and 2 for a global snapshot on #crypto #defi #DAPPS and more.
đ Presearch: A Decentralized Search Engine
Bitcoin.com is stating that Presearch is a revolutionary platform that is changing the way people search the internet. Presearch is a decentralized search engine designed to empower users, respect their privacy & provide a better search experience. It is powered by almost 70,000 user computers (nodes) in more than 100 countries. In a world where Big Tech search engines dominate the web with monolithic force, Presearch stands apart as a user-centric, privacy-focused, and community-driven alternative.
đ Two UAE news ( See slides)
⥠Dubaiâs digital twin and go property shopping in metaverse as student announces real estate summit
⥠Seracle continues to expand its Metaverse and Web3 Gaming expansion, enters Saudi Arabia market with Marhabaverse
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
18th Sep: Crypto & Coffee at 8 đď¸
âEnd of Binance BUSD â Base Network by Coinbase đ Mark Cuban Loses $870,000 in Scam đLazarus Group Has Stolen $240MâââElliptic
đ¨On September 14th, Binance made an official announcement on its social media platform, X (formerly known as Twitter). The announcement revealed that Binance had initiated a process to burn several Binance-pegged tokens. Notably, among the tokens marked for burning, four were variants of BUSD tokens, each associated with different blockchain networks. Tweet here https://lnkd.in/dYetsbed
đď¸ As per the announcement, the burning process for these Binance-pegged tokens would occur on their respective blockchains. Subsequently, Binance would release an equivalent amount of tokens that had initially served as collateral on their native networks.
â Binance has also announced plans to stop offering support for the stablecoin completely by 2024. Paxos also revealed that it will cease all BUSD redemptions in February 2024,
đ Coinbase layer-2 network Base hit a new peak in terms of daily transactions, breaking its former record when it was launched in August, according to data from blockchain explorer BaseScan. Coinbaseâs Base Network hits almost 2M transactions in a day, surpassed other layer-2 networks like Optimism and Arbitrum in terms of daily transactions but still lagged behind Polygon and BSC. On the 14th it hit 1.88 million transactions, surpassing its previous record of 1.41 million transactions. More info via Cointelegraph here https://lnkd.in/dXN6ujEE
⥠Decrypt article states billionaire Mark Cuban The owner of the Dallas Mavericks lost roughly $870,000, although the figures could have been much worse. Looks like he downloaded a fake and fraudulent copy of the popular browser-based MetaMask crypto wallet.Info here https://lnkd.in/dN839BYp
đ Looks like his wallet was drained of a number of stablecoins, Lido staked ETH, SuperRare, and Ethereum Name Service (.ens domains) tokens.
đ¨ Elliptic reports In the past 104 days, Lazarus has already been identified as responsible for stealing almost $240 million in crypto assets from Atomic Wallet ($100m) CoinsPaid ($37.3M), Alphapo ($60M), & Stake.com ($41M). Elliptic analysis confirms that some of the funds stolen from CoinEx Global were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, Iinfo here https://lnkd.in/duAdXx8A
đď¸ Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we share our commentary on this. Also see slide 1 & 2 for a global snapshot on #defi #stablecoins #dapps and more
Two UAE news (See slides)
⥠IOTA plans to establish a regulated foundation in Abu Dhabi, UAE
⥠Saudi Arabia leads the Middle East in digital experience AI investments
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
14th Sep: Crypto & Coffee at 8 đď¸
đ°Paxos $500K transaction feeâ Swift enrols 3 central banks in CBDCđ¨ SEC Charges Stoner Cats âĄCoinbase to integrate Lightning Network
đ° Paxos confirms itâs responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. More info via Cointelegraph
https://lnkd.in/dKuRpjaG
đĽ Approximately 20 BTC (over $515,000 worth at the time) to send just 0.07 BTC (worth less than $2,000).
đ¨ Luckily the block that contained the transaction was confirmed by Bitcoin mining pool f2pool. On Sept. 10, the poolâs management offered to return the funds to whoever sent the transaction if a claim was made within three days.
â On September 13, Swift, the bank messaging platform, disclosed that three central banks have officially entered the beta phase of its project focused on achieving interoperability for central bank digital currencies (CBDCs). The Hong Kong Monetary Authority, the Central Bank of Kazakhstan and an unnamed central bank have integrated their infrastructure with SWIFTâs âCBDC connector solutionâ for direct testing, the company said. Article here https://lnkd.in/dM6KJbJa
â According to The Atlantic Council, 130 countries, representing 98% of GDP, are now exploring CBDCs. Nineteen of the G20 countries are in the advanced stages of CBDC development, with nine already in pilot.
đ¨ The U.S. Securities and Exchange Commission charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs) that raised approximately $8 million from investors to finance an animated web series called Stoner Cats. Official info here https://lnkd.in/dPrNWs7z Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts for a breakdown of this We discuss:
- What is Stoner Cats 2 LLC (SC2) & and WTF did they do
- Why is the SEC involved & and what did they find?
- What are the consequences for SC2
- Why is this news significant
⥠LN
⥠Coinbaseâs founder and CEO, Brian Armstrong, has confirmed that the company is in the process of integrating the Lightning Network (LN), which is a second-layer scaling protocol for Bitcoin. Armstrong stressed the significance of Bitcoin, describing it as the most crucial asset in the cryptocurrency space. He also noted that the integration of the Lightning Network would be a complex task that would take some time to accomplish. Info via Twitter here https://lnkd.in/d__HWRmY
⥠Is Lightning Network Lightning years away from mainstream adoption?
đ Two UAE news: (See slides)
⥠du and The Hashgraph Association Association partner to revolutionise blockchain solutions at Envision 2023
⥠Mozn and Bayan Credit Bureau collaborate to boost financial industry development in Saudi Arabia
For slides click here: https://tinyurl.com/mu788sdf
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
13th Sep: Crypto & Coffee at 8 đď¸
đĽCoinEX HACK 4,946 ETH +354,762 TRX đ¨PayPal + MetaMask to sell đ Crypto Global Crypto Adoption Index by Chainalysis âĄSECâs use of AI for surveillance.
đĽ Crypto exchange CoinEx Global is suspected of being hacked, and so far its ETH, TRON, and Polygon hot wallets have lost more than $27.8 million Colin Wu mentioned via Twitter https://lnkd.in/dBiaYh5K You can validate transaction details via Etherscan here https://lnkd.in/dyb3h_ET The exchange has experienced a staggering depletion of its ETH holdings, with almost 5,000 ETH mysteriously vanishing within a single hour and a total loss of approximately 40,000 ETH since May. As a result, CoinExâs ETH reserves now stand at virtually zero.
đď¸ No Official info via CoinEx yet and has remained silent refraining from issuing an official statement regarding the suspected hack.
đ° PayPal now enables US users to sell cryptocurrency via MetaMask wallet Official news here https://lnkd.in/di6tbFbp PayPal is now increasing access to digital currencies by simplifying how wallets, dApps, and NFT marketplaces can enable their customers to buy and sell supported crypto in the U.S. (subject to applicable state law) through an integration with PayPal On and Off Ramps. PayPal Off Ramps is now available to wallets, dApps and NFT marketplaces and is live on MetaMask today.
đ Global Crypto Adoption Index
â Central & Southern Asia Are Leading the Way in Grassroots Crypto Adoption. India, Nigeria and Thailand are ranked as the top three countries in Chainalysisâ â2023 Global Crypto Adoption Index,â with lower middle-income (LMI) nations leading the way in the grassroots adoption of cryptocurrencies. More info here https://lnkd.in/dvbaaupN The excerptalso indicates that even in the midst of a protracted bear market, there is an increasing momentum in the adoption of cryptocurrencies by institutions based in high-income countries.
â P2P trade volume makes up a significant percentage of all cryptocurrency activity in emerging markets.
đ¨ U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation. He strongly believes AI can strengthen its enforcement regime. Session via YouTube https://lnkd.in/dET7p3P7
đĽ Binance.US cuts third of staff as CEO Brian Shroder leaves. More info via Cointelegraph that states the staff cut and departure comes amid legal action from United States regulators. https://lnkd.in/dX9wMW7n
đ Two UAE news (See slides)
⥠TOKO and Virtuzone sign collaboration to launch Dubaiâs first tokenised equity crowd funding platform
⥠UAE announces initiative to boost AI and blockchain in green finance
For slides click here: https://tinyurl.com/2z4mp7th
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28
12th Sep: Crypto & Coffee at 8 đď¸
đ¨J.P. Morgan Digital Deposit Token đŚCFTC imposes $1.7B fine against MTI đ°Animoca Brands digital IDs for Web3 đIndiaâs 5-point crypto legislation
đ¨ JPMorgan Chase & Co., a prominent American banking institution, has embarked on preliminary investigations into harnessing blockchain technologyâs potential for developing a digital deposit token. This token aims to serve as a digital representation of customersâ account deposits, offering the prospect of expediting and enhancing the efficiency of cross-border payments and settlements. More info on this via Finance Magnates here https://lnkd.in/dAtyjtvm Important to note that Regulatory approval is the key to JPMorganâs digital token project and corporate clients may access the token within a year.
đď¸ Check out Blockchain DXB Crypto & Coffee at 8 podcasts we share our commentary on this. Also, see slides 1 & and 2 below for a global crypto snapshot.
đĽ $1.7 B Fine
đ˛ The U.S. Commodity Futures Trading Commission entered a consent order against Mirror Trading International Proprietary Limited (MTI) on September 6, finding it liable for fraud in connection with retail foreign currency (forex) transactions, fraud by a commodity pool operator (CPO), registration violations, and failure to comply with CPO regulations. MTI is a company currently in liquidation in the Republic of South Africa.
đ˛ The order stems from a CFTC complaint filed on June 30, 2022 and requires MTI to pay more than $1.7 billion in restitution to defrauded victims. https://lnkd.in/ddAMuGGd
đ° Animoca Brands closed a funding round of $20M supporting the acceleration of the Mocaverse to create digital IDs and a point system for Web3 culture, gaming and entertainment. Official announcement here https://lnkd.in/d5MSmhzj The funding round was led by CMCC Global, with other investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Leonard Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), institutional investors of Koda Capital, and others. Yat Siu, the executive chairman and co-founder of Animoca Brands is also participating in the round.
đ Love/Hate for Crypto (Mostly hate)
đď¸ India working on 5-point crypto legislation as the ban is ruled out More info via Cointelegraph that states India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next five to six months.
https://lnkd.in/dyKmYyip
đ Two UAE news: (See slides)
⥠Dubai South completes blockchain integration system in partnership with Dubai Customs
⥠Formula 1 Etihad Airways Abu Dhabi Grand Prix: Binance, Alpine F1 launch helmet design contest
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
11th Sep: Crypto & Coffee at 8 đď¸
đľ Nigel Farage #DontKillCash đ 88,200 Crypto Millionaires đĽBinance top executive leaves đ China Metaverse leader by 2025 đ 88,200 Crypto Millionaires đĽBinance top executive leaves đ China Metaverse leader by 2025
⥠Nigel Farage is showing his support for the cash campaign BUT is also criticising digital currency CBDC & and Bitcoin. His latest reel via Instagram highlights the dangers of Square In the video he also mentioned the risks of CBDC & and, strangely Bitcoin.
⥠His reel is here https://lnkd.in/d8k-7KaB
đď¸ Nigel also had a great interview with Peter McCormack from the What Bitcoin Did podcast via YouTube https://lnkd.in/dNSKxu9P Around 10 months ago GBNews had a video where he was an advocate of #Bitcoin? here https://lnkd.in/dBJBNBWq
đď¸ Check out Blockchain DXB episode where we share our opinion on this Also see info here https://lnkd.in/dzr4ah6H for the distinction between CBDC & and Bitcoin.
đ¤ Global wealth redistribution
đ° A report by Henley & PartnersâââThe Firm of Global CitizensÂŽ reveals an interesting insight of the worldâs 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. The report also states there are 425 million individuals globally who own cryptocurrencies. Report here https://lnkd.in/dRE7HVqt.
- Singapore leads the pack as the top crypto hub
- Switzerland sits in 2nd
- UAE in 3rd place
Bitcoinâââ40,500 millionaires
Total Crypto- 88,200 millionaires
đĽ 2023 worst year for Binance
đť Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. The latest to join the list is Helen Hai, executive vice president of Binance, who announced her resignation from her post on Sept. 6. On the same day, Gleb Kostarev, vice president of Eastern Europe, Turkey, the Commonwealth of Independent States, Australia and New Zealand at Binance, also announced his resignation, as did CIS general manager Vladimir Smerkis. More info via Cointelegraph here https://lnkd.in/dE2GwU86
Four top executives from Binance Labs reportedly all left on the same day after Binanceâs response to the U.S. Department of Justice investigation.
đ Metaverse leader: China
đ´ Chinaâs Shandong province has announced its ambitious plan to establish itself as a global leader in the metaverse industry by 2025 South China Morning Post SCMP also states China wants metaverse firms with âglobal influenceâ and plans for up to 5 industrial clusters by 2025. China wants to build a mature metaverse for industrial use that can help drive new growth in manufacturing Article here https://lnkd.in/daGsrNSA
đ¨ Tow UAE news (See slides)
⥠Abu Dhabi-based Web3 gaming start-up GAM3S.GG raised $2 million in a seed funding round led by Mechanism Capital
⥠Saudi Arabia looks to blockchain gaming and Web3 to diversify the economy- Article via Cointelegraph
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
08th Sep: Is Metaverse Dead?đ
đ¨ Check out the Blockchain DXB podcast series on Metaverse where we discuss the following in the đď¸METAVERSE EVERYTHINGđď¸ series
â˘Re-visit the timeline for Mainstream Adoption
â˘Lack of Metaverse news in the MENA region
â˘AI has stolen the hype & investment
â˘Do we require Blockchain and crypto in Metaverse?
External factors impact on Metaverse
â˘Impact of USA election in Metaverse
â˘Bitcoin Spot ETF & Bitcoin Halving impact
â˘World War 3?
đĽ We also cover 5 Metaverse News from the world & and 5 Metaverse News from the UAE
đ¨ See the slides below for more info
â Metaverse may be less than a decade away from mainstream adoption. It may match with the mainstream adoption of CBDC and stablecoins which we strongly feel may be an ideal form of payment and medium of exchange in the Metaverse
â Is the metaverse dead? Cryptopolitan article states Investors register 99% losses Article here https://lnkd.in/dK2MFkMh states The Sandbox (SAND), Axie Infinity (AXS), Enjin Coin (ENJ), and Decentraland (MANA) arguably dominated the Metaverse and GameFi See slides 2 for current price & market cap. #fact in Jan MANA had gained the most among all cryptocurrencies but is down by well over 50% since then
â Zawya article states 64.8% of employees in Saudi Arabia believe the metaverse will revolutionize industries. https://lnkd.in/dgvRi3yJ Only 19.5% believe it is just a trend this is based of Kaspersky research
â Khaleej Times lists 10 start-ups that will shape the metaverse industry. They are Artichoke Labs, Cognitive Technologies, GoPal, DaoversalâââMetaverse for Creators, DoDocs, Duverse, Flan, Intelligent Assist, Evometa and ShopDoc. These companies are part of DIFC Metaverse Accelerator Programme DIFC Innovation Hub
5 Metaverse News from UAEâĄ
- Tax in Metaverse, Article via Cointelegraph here
- Metaâs New Ad Campaign here https://lnkd.in/dJbwVsYf
- Zetly and Transmira at the World Football Summit CoinGeek https://lnkd.in/dDm_nuiP
- ISKCON temple in Delhiâs Dwarka to launch Metaverse The Times Of India https://lnkd.in/dGjDcQsH
- LâOrĂŠalĂŠal Dermatological Beauty Division Launches Metaverse Showroom Beauty Packaging Magazine https://lnkd.in/dutRszS9
5 Metaverse News from the worldâĄ
- DIFC Metaverse Accelerator Programm attracts over 160 applicants
- BEDU poised to shape the future relationship between AI and the digital realm Arabian Business https://lnkd.in/dxAjs3cZ
- Abu Dhabi launches virtual reality Yas Island tours using Roblox
technology Abu Dhabi Magazine https://lnkd.in/deyNsXTY
- UAE Public Prosecution organizes Global Summit for Metaverse Governance Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮŘĽŮ
اعاتâââŮاŮ
https://lnkd.in/dRGYeuqf
- ¡Dubai-based metaverse company Landvault to âusher in a new era of the Internetâ https://lnkd.in/dS5FZems
For slides click here: https://tinyurl.com/4e3ka8ub
LinkedIn Profile: https://tinyurl.com/569zh78j
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
07th Sep: Crypto & Coffee at 8 đď¸
đ¨Ethereum ETF by Ark + 21Shares + VanEck đĽGenesis sues DCG, and other affiliates for $600M loans đąFEAR (Fear & Greed Index) at 41đ Update on Legend Sam Bankman-Fried
đ´ Cboe Global Marketsâs BZX exchange has submitted filings to introduce Ether ETFs in partnership with ARK Investment Management LLC, 21Shares, and VanEck. If approved, these would mark the first spot for Ether ETFs in the United States. The exchange officially initiated the review process by filing 19b-4 documents on Wednesday. Upon acknowledgement of these filings by the U.S. Securities and Exchange Commission (SEC), a 240-day countdown for the final decision will commence. CoinDesk article here states that Coinbase will act as the surveillance-sharing partner for both products, similar to the role it expects to play with a broad swath of spot bitcoin ETF. Article here https://lnkd.in/dnyUfJHa Filing here https://lnkd.in/dk6cb8zE
â Genesis Global Capital has submitted legal documents asserting that Digital Currency Group (DCG) has outstanding debts of over $600 million. This includes $500 million from a specific loan and an additional 4,550 BTC owed by DCG International. The pair of filings on Thursday alleges that DCG borrowed up to $500 million across four different loans from Genesis in 2022, while DCGI borrowed 18,697.7 BTC in 2019
đ¨ Important to note Genesis, filed for bankruptcy in January this year, and alleged in its Wednesday filings that DCG and DCGI are âwrongfully in possession of propertyâ belonging to Genesis Global Capitalâs bankruptcy estate.
đĽ Barry Silbert. is CEO and founder of Digital Currency Group (DCG) DCGâs biggest revenue generator: digital asset manager Grayscale Investments, As per Arkham Grayscale is the 2nd largest BTC entity globally, holding >$16B of BTC.
đď¸ Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we explain this drama. We also discuss (the Fear & Greed Index) and what does it mean. Also, see slides 1 & and 2 below for a global snapshot of #defi #stablcoins and more.
đ Update on the legend
â Appellate judge denies Sam Bankman-Friedâs request for immediate release from jail. The former FTX CEOâs lawyers had petitioned the court for temporary release More info via Cointelegraph here https://lnkd.in/dvpup9Kh
â The motion from Sam Bankman-Friedâs lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEOâs criminal trial is set to begin in New York.
đ Two UAE news(See slides)
⥠Standard Chartered Bank-backed digital asset platform, Zodia Markets
Receives In-Principle Approval as Crypto Broker-Dealer in Abu Dhabi
⥠Dubai Centre for AIâs Accelerator Programmes attract 615 startups from 55 countries.
For slides click here: https://tinyurl.com/3metsuht
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
06th Sep: Crypto & Coffee at 8 đď¸
đĽ MetaMask ETH to Fiat đ¨Visa + Solana + USDC đ¨ Coinbase new crypto lending serviceâ (South Korea) Hana Financial, Inc. partner with BitGođĄ
đĽ MetaMask mentioned via Twitter (now X) the latest feature to sell ETH to Fiat. âSellâ enables you to convert your crypto to fiat, sending the funds to your bank account. The feature is currently available in the US, UK, and parts of Europe initially supporting ETH on Ethereum mainnet, with plans to expand to native gas tokens on layer 2 networks soon. More details here https://lnkd.in/eT7mk8in Explanatory video via YouTube here https://lnkd.in/eu9b23b9
â Visa expands stablecoin settlement capabilities to merchant acquirers. Business Wire article states Visa, announced its next step in modernizing cross-border money movement. Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei.
đ Cuy Sheffield, Head of Crypto, has some really important statements about the speed of cross-border settlement here https://lnkd.in/ewf4F2NU
đ´ Coinbase has created a new crypto lending service in the U.S. for institutional clients. CoinDesk article states the platform was quietly revealed in a U.S. Securities and Exchange Commission filing on Sept. 1, which showed $57 million had already been raised for the program. Article here https://lnkd.in/exhBfzNK This latest lending service is geared toward institutions, which means regulation is less onerous on the presumption large investors have the sophistication to handle it.
đĄ South Korea
â South Korean banking giant KEB Hana partners with BitGo which opens doors to crypto Forkast.News states KEB Hana Bankâs partnership with the crypto custodian ties one of the largest financial groups in the country to the digital asset space. BitGo is also launching an office in South Korea in the latter half of 2024. Info here https://lnkd.in/eBtKCBxA
đď¸ What does this mean for cryptocurrency adoption? Check out Blockchain DXBâs Crypto & Coffee at 8 where we share our commentary on this and the general crypto market. Also, see slide 1 & 2 below for a global snapshot of #defi #stablecoins and more
đ Two UAE news (See slides)
âĄDIFC completes first Metaverse Accelerator Program aligned with digital tech mandate
⥠Expo City Dubai Launches regionâs first AI film festival
For slides click here: https://tinyurl.com/nwm7ed3x
LinkedIn Profile: https://tinyurl.com/569zh78j
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
06th Sep: Crypto & Coffee at 8 đď¸
đ´Australia Senate Committee Rejects Crypto Bill âĄLSEG (London Stock Exchange Group) to Use Blockchain, đ°Tax in the Metaverse? â˝Christiano Ronaldo NFT via Binance
đ´Australiaâs Senate Economics Legislation Committee rejected âThe Digital Assets (Market Regulation) Bill 2023â introduced by opposition senator Andrew Bragg, recommending instead that the government âcontinue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.â wants to prepare the country for the widespread use of Chinaâs central bank digital currency, the digital yuan, according to a draft digital assets bill introduced on Monday. His bill is here https://lnkd.in/didPwxF4 More info via CoinDesk here https://lnkd.in/dA_qX2jM
đľ He proposes strict reporting requirements for banks that could potentially make the digital yuan available for use in Australia.
â Do we require legislation & and regulation for crypto?
đ˘ Gulf News article also states effective August 31, all cryptocurrency businesses in Dubai come âVARA-certifiedâ https://lnkd.in/dNffgQ7a Manoj Nair
đ Bitcoin was created as a movement towards the Separation of Money and the state. While regulations may sound good, it defeats the entire purpose of using cryptocurrencies.
đĽ Regulations and frameworks are needed for centralized services such as Exchanges to ensure investor and customer funds are protected. The least involvement in underlying protocol and technology would be the best form of support for the future of cryptocurrencies.
đď¸ Check out Blockchain DXB Crypto & coffee at 8 podcast on this
đľ Finance Magnates is reporting that LSEG (London Stock Exchange Group) to Launch a Blockchain-Based Trading Platform
- The Head of the London Stock Exchange is to lead the new project.
- If LSEG receives regulatory approvals, the service will launch next year.
âConversation with Murray Roos, the Head of Capital Markets at the LSE Group here https://lnkd.in/dPS-CGXz
đĄ Harvard Law School and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as âa laboratory for experimenting with cutting-edge policy.â
đĄ The paper is here https://lnkd.in/d5-Y5CSw More info on this here https://lnkd.in/dZQCZaEU
đ Ronaldo teases NFT plans while on a lie detector test More info Binanceâs YouTube channel here https://lnkd.in/d8ZkC77C Great promotion for sure
đ Two UAE: (See slides)
⥠Unifonic unveils state-of-the-art AI at Seamless Saudi Arabia, elevating customer experiences to new heights
⥠Saudi Data body and Google Cloud to train 1,000 women from 28 countries in AI
For slides click here: http://tinyurl.com/42xcj5er
LinkedIn Profile: https://tinyurl.com/569zh78j
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â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
04th Sep: Crypto & Coffee at 8 đď¸
đ¨Bitcoin Spot ETF update! đĄFrance conducts checks on Worldcoin đ˘MakerDAO on Solanaâ Robinhood to buy back SBFâs Stake for Over $605M
đĽThe U.S. Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications filed by applicants including BlackRock, WisdomTree
, Invesco US Galaxy, Wise Origin, VanEck, Bitwise and Valkyrie Digital Assets earlier this year, according to agency filings on Thursday. Info via CoinDesk here https://lnkd.in/dwr2ZAwf
đť This has definitely crashed the price of #BTC & #crytocurrency Itâs important to note the SEC has a total of 240 days from when it first begins its review of the applications to make a final decision to approve or deny.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we share our opinions on it. Also, see slide 1 & 2 for global snapshot on #defi, #stablecoins
đWorldcoin
Bitcoin.com has reported that The French body overseeing the protection of personal data has carried out âchecksâ at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer OpenAI. Info https://lnkd.in/dqp7zUVB
â Makerdao on Solana?
đ˘ MakerDAO cofounder Rune Christensen has proposed building the upcoming native chain for the decentralized finance project off of a fork of Solanaâs codebase instead of the Ethereum Virtual Machine. Christensen believes that Solanaâs codebase is the most promising option due to its technical quality, proven resilience, and existing examples of successful forks. The new chain, called NewChain, will serve as a backend for MakerDAOâs SubDAO tokenomics and governance security. More info here https://lnkd.in/d-JM2fKZ
đ˘ MakerDAOâs native chain, dubbed âNewChain,â is part of the fifth and final phase of the MakerDAO âEndgameâ upgrade announced in May. The final phase is expected to take around three years to complete, and it will see the full re-implementation of the Maker protocol into a new stand-alone blockchain. Detailed plans here https://lnkd.in/dMcqd2Qh
đ´ Bitcoin.com has reported that Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S. government after the bankruptcy of SBFâs businesses. The stock was seized after FTX and Emergent filed for bankruptcy in 2022 and later transferred to the custody of the U.S. government, Article here https://lnkd.in/dYjbd9tt
đ Two UAE news (See slides)
⥠TDeFi | Web3 Incubator & Consulting to offer $100,000 to selected Web3 startups as part of the accelerator at DMCC Crypto Centre
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & Role in the Metaverse 28th September
For slides click here: https://tinyurl.com/tvn77r6x
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
31st Aug: Crypto & Coffee at 8 đď¸
âBinance to send BUSD by 2024 đĽRobinhood adds Bitcoin and Dogecoin đ¨Crypto bank Seba gets approval in KH đ´Tether.to USDT working with Bahamas bank
đĽ Stablecoin War
â Binance has announced plans to delist eight Binance USD (BUSD) trading pairs as the company looks to withdraw full support of the stablecoin by 2024. Official info via blog here https://lnkd.in/ddhXh9yX
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts to get our commentary on it. See slide 1 & 2 to get global snapshot and volumes on #DAPPS, #Defi, #stablecoins and more
â NEWSBTC also reported that Binance plans to terminate its support for its native BUSD stablecoin by 2024, urging users to convert the token to other crypto assets. This development was revealed via a pop-up notification on the exchangeâs mobile app. https://lnkd.in/dpNqsntY
â Who wins the war on stablecoins
- Tether.to USDT
- Circle USDC
- Binance USDC
⥠Can transactions via stablecoins be censored?
⥠Do Stablecoins follow the principles of Open Blockchain?
⥠Are stablecoin issuers acting in the role of a Bank?
đĽ Robinhood added wallet support for bitcoin (BTC) and dogecoin (DOGE), increasing the breadth of its crypto wallet beyond the Ethereum ecosystem.
All users of the Robinhood wallet can now send and receive BTC and DOGE, the company said in an emailed statement. It said its six-month-old wallet has hundreds of thousands of users spread across 140 countries.
â Robinhood Crypto General Manager Johann Kerbrat mentioned via Twitter https://lnkd.in/dSxZhbwa ETH swaps will become available to everyone in the coming weeks Blog here https://lnkd.in/dRvzjQ6e
đ´ Arkham Intelligence has identified Robinhood as the owner of the 5th largest ETH wallet, holding 2.54 billion ETH. Info via tweet here https://lnkd.in/dY9EDw4Q
đ¨ DailyCoin has reports that The Hong Kong Securities and Futures
Commission (SFC) has awarded Swiss bank Sebaâs local subsidiary with an
approval-in-principle (AIP) to offer digital asset services in the country.
Info here https://lnkd.in/dFpGuZdy & article by Daily coin here
https://lnkd.in/dyBcyZiC
đ¨ Bloomberg is reporting that Tether.to is now banking with Britannia Bank & Trust which is a privately held bank in Bahamas. Bloomberg journalists Yueqi Yang and Olga Kharif spotlighted Tetherâs new partnership with the privately held Bahamas-based Britannia Bank & Trust for its banking services. This revelation surfaces amidst challenges cryptocurrency firms face in clinching banking affiliations within the U.S. The article also discusses how Stablecoin issuer faces long-standing questions about reserves https://lnkd.in/dAqnrVaM
đ Two UAE news: (See slides)
⥠First Abu Dhabi Bank (FAB), Magnati collaborated with geidea to accelerate digital payments in Saudi Arabia
⥠Commercial Bank of Dubai and PwC to collaborate on AI
For slides click here: https://tinyurl.com/3wd6entt
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
30th Aug: Crypto & Coffee at 8 đď¸
đ¨ Grayscale big court win against SEC đĽCoinSwitch & CoinDCX cut staff âPepeoin rug pull?â âĄCircle launches USDC in Chile + and will launch natively on the Coinbase Base network.âĄ
đ´ Grayscale Investments has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC). Because of this news, Bitcoin has surged & global crypto market is up by $50B
â The U.S. District Court, District of Columbia Court of Appeals has ruled in favour of Grayscale, overturning the SECâs lawsuit and potentially bringing the company one step closer to achieving Bitcoin Spot exchange-traded fund (ETF) status Official info here https://lnkd.in/dKPSni26
â James Seyffart, CFA, CAIA has put a series of crucial tweets with images here https://lnkd.in/dy_r92Mr explaining what it means and spot Bitcoin ETF may be one step closer. Also As far as appeals go, the SEC has 45 days to file for an en banc hearing.
â CoinDesk has a great article The Real Reasons the Grayscale Bitcoin ETF Decision Matters a good read here https://lnkd.in/dmPj4GX9 Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts to get our commentary on this
đĽ Youâre Fired
Tiger Global-backed crypto startup CoinSwitch has laid off 44 employees from its customer support team in August, citing redundancy in roles as customer queries have gone down amidst a drop in crypto trading volumes. This comes less than a week after peer CoinDCX laid off about 12% of its employees. News via moneycontrol.com here https://lnkd.in/dpvpjJuT According to LinkedIn, the firm employs 730 people.
â Pepecoin: Rug pull
- Cointelegraph article here states several rogue Pepecoin developers
changed the number of signatures required to move tokens from their multi-sig wallet from five out of eight to two out of eight. Then, they sent $16 million worth of PEPE to crypto exchanges, suggesting they wanted to sell. Article here https://lnkd.in/d9pF7eCj
â What do you think is the future of Pepecoin and Memecoins? Market analyst Nebraskangooner suggests that PEPEâs price could soon plunge to near zero due to a descending triangle formation on the four-hour chart.
đ¨ Circle USDC
⥠Jeremy Allaire Co-founder of chairman of fintech company Circle tweeted they are teaming up with Mercado Pago to Introduce USDC to Chile Customers Blog here https://lnkd.in/d9r82DkJ They are part of Mercado Libre, the Amazon of LATAM with 200M users
⥠He also mentioned via Twitter that the Native $USDC will be built on the Coinbase Base platform coming next week. #StableSeptember. To know more about Native USDC on Base see here https://lnkd.in/dBVypG2p Check out our episode we explain this in detail
đ Two UAE news (See slides)
⥠Abu Dhabi launches virtual reality Yas Island tours using Roblox
technology
⥠Mastercard opens Global Centre for Advanced AI and Cyber Technology in Dubai
For slides click here: https://tinyurl.com/mr3sxvtd
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
29th Aug: Crypto & Coffee at 8 đď¸
đ¨Moneygram embraces Blockchain? âĄOKX and Bybit removes sanctioned Russian banks đ´ SEC fines Impact Theory $6M đ Indiaâs PM calls for global Crypto Framework
đ¨Stellar invests in MoneyGram International to accelerate digital innovation. Stellar, a cross-border crypto payments network, has announced its investment in the major money transfer firm MoneyGram International. The Stellar Development Foundation revealed it had become a minority investor in MoneyGram using funds from its own cash treasury. Official news via the blog here https://lnkd.in/dQr_uuea
â The Stellar Development Foundation will also get a seat on MoneyGramâs Board of Directors.
⥠Russia Sanctioned Banks
đť OKX and Bybit remove sanctioned Russian banks from the payments list
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on Bybit and OKX. According to Russian media, local users can no longer receive fiat money in exchange for their crypto on Tinkoff Bank or Sberbank accounts on the P2P platforms of OKX and Bybit. Cointelegraph article states at the time of publication, OKX still allows users to receive fiat to their accounts of the Russian branch of Raiffeisen Bank and the Russian Standard Bank. Both financial institutions arenât included in the list of entities under sanctions by the U.S. Department of the Treasury Article here https://lnkd.in/dECeTf8V
đď¸ Check out Blockchain DXB Crypto & Coffee at 8 podcast. Where we share our commentary on this. Also, See slides 1 & and 2 for a global snapshot of the crypto market.
đĽ U.S. Securities and Exchange Commission fines Impact Theory over NFTs Sold as Securities. The company has also been ordered to destroy all the Founderâs Key NFTs as a result of the settlement. Official press release here
https://lnkd.in/d9HRUNbP Impact Theory was co-founded by social media influence and entrepreneur Tom Bilyeu. And Decrypt article at the time of writing states Founderâs Key collection was still live on OpenSea. https://lnkd.in/dBmbmJ8q
â Indiaâs PM Narendra Modi has called for a global Crypto Framework. In an interview with Business Today. He stressed that crypto needs âa global framework and regulations.â He stressed the need for A global consensus-based model. We at Blockchain DXB definitely do not agree as over a period of time it lets the state dictate and govern the future of cryptocurrencies, Check out our episode for commentary on this. Source via Bitcoin.com here https://lnkd.in/dyBcwqpE However we could not find any interview of Prime Minister Narendra Modi in an interview with Business Today
â Wouldnât it be best if the growth of Bitcoin & Shitcoins are left organic?
đ Two UAE news (See slides)
⥠Dubai to Host the First Ever Metaverse Architecture Biennale UAEâs
⥠Phoenix Group links up with Green Data City to start a $300m crypto farm in Oman.
For slides click here: https://tinyurl.com/bk28nwee
LinkedIn Profile: https://tinyurl.com/569zh78j
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB Podcast + Tim O'Brien
Web3.0 Unveiled: Navigating Sprynt's Journey to Empowerment.Tim O'Brien Discusses Sprynt's Game-Changing Role
Guest: Tim O'Brien,Co-founder & Chief Technology Officer @ Sprynt
Host: RA George, Blockchain DXB
Date: 28th August
Recording Session: Google meet
Contact details for Tim O'Brien
LinkedIn: https://tinyurl.com/2p8cn8va
Sprynt:
Website: https://www.sprynt.io/
Telegram: https://t.me/Spryntio
Discord: https://tinyurl.com/yckc2rr4
Twitter: @sprynt_io https://twitter.com/sprynt_io
App: https://app.sprynt.io/
Lite paper: https://tinyurl.com/2u94dc2m
Fuxilabs
Website: https://fuixlabs.com/
LinkedIn https://tinyurl.com/4cs4ex5e
Commonlands
Website: https://www.commonlands.org/
Twitter: @commonlands_org https://tinyurl.com/2mvwzxa9
Youtube: https://tinyurl.com/2ushjuxj
LinkedIn: https://tinyurl.com/bdffp93y
Summary of the conversation
Thank you for the podcast.
For feedback or suggestions send us an email at info@blockchaindxb.com
28th Aug: Crypto & Coffee at 8 đď¸
đ´ Ray Dalioâs Ideal Digital Coin âJoe Bidenâs crypto tax reportingâ âĄBinance delists Russian Banks đťWorldcoin by 50% âĄPepecoin: Insider trading
đ´ Legendary Ray Dalio Founder of Bridgewater Associates does not think Bitcoin or stable coins are The Ideal Digital Coin? An Inflation-linked coin would give individual buying power. Snippets of his interview via YouTube are here https://lnkd.in/dgqjNaeH
đ¨ Biden & Crypto
â The Internal Revenue Service (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would use a new form to make tax filing easier and prevent cheating on taxes. The 282-page document is here https://lnkd.in/drD8zwc4
đĽThereâs no future for crypto in the US if Biden is reelected.Ryan Selkis, founder & CEO of Messari mentioned via Twitter here https://lnkd.in/dEDVud7y even the U.S. House Committee on Financial Services Chair Patrick McHenry said the rules are part of âthe Biden Administrationâs ongoing attack on the digital asset ecosystem.â Christopher Perkins of crypto venture firm CoinFund holds the view that other countries have surged ahead of the U.S., and these rules will inevitably result in reduced innovation flowing into the country. Info via Cointelegraph on this here https://lnkd.in/dc79H-HD
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we share our commentary on this. Also see slide 1 & 2 to get global snapshot of #defi, #stablecoins and more
đ Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service CoinDesk has reported that Russian users of Binance were able to move money abroad through the service, which could present legal challenges for the exchange. This is due to a regular update of its system to comply with local and global regulatory standards and sanctions rules, Binance said. Article here https://lnkd.in/dc8aftrm
â Isnât it strange a Central entity can delist? Peer-to-Peer Service â
đ Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. It is down by 50% NEWSBTC article states the crash was caused by mounting data privacy paranoia. The projectâs use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws.https://tinyurl.com/yc8rk432
đ¨ Pepecoin: Insider Trading
On-chain analyst Yazan reports insider selling of PEPE holdings, with around 400 billion PEPE sold, aligning with Paulyâs team exposure. Cointelegraph article here states In an Aug. 26 update, Pauly (influencer) disclosed that the Pepecoin team possesses approximately $16â17 million in PEPE tokens distributed across nine wallets. Tweet here https://lnkd.in/dbbWipgH
đ Two UAE news (See slides)
⥠BitOasis secures new investment from CoinDCX, Indiaâs preferred and most valued crypto exchange.
⥠VARA Releases Staking from Custody Services Rules
For slides click here: https://tinyurl.com/mu5cp7uv
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
24th Aug: Crypto & Coffee at 8 đď¸
âĄShopify + Solana for payments đ¨ Tornado Cash co-founders charged, đ´Bitcoin Mining Difficulty new ATHđBitcoin Exchange Reserve Bitstamp ends Ethereum staking for US Investorsâ
âĄSolana Pay integrates a plug-in with Shopify for Circle USDC payment. The article also states Shopify accounts for 10% of total U.S. e-commerce and $444 billion worth of global economic activity, according to its website. The Solana ecosystem has over 11.5 million active accounts. Article here https://lnkd.in/dZe8eaM6
đ SOL is up by 7.10% since the last 24 hours
â Solana Pay has been adopted by big crypto names like Circle and Phantom as well as payment processors like Checkout.com and CITCON.
â Tornado Cash Founders Charged With Money Laundering And Sanctions Violations.
đĽ Roman Storm and Roman Semenov Charged with Operating the Tornado Cash Service, Laundering More Than $1 Billion in Criminal Proceeds Official news here https://lnkd.in/ddATWsr2 Check out our episode for yesterday via Spotify here https://lnkd.in/dv5Befxz we go ahead and explain the drama and it todayâs episode we provide an update on the case.
â Official news here via United States Attorneysââ Offices of New York here https://lnkd.in/ddATWsr2 &U.S. Department of the Treasury here https://lnkd.in/dAztbe-h
đ According to data from Coinwarz, the Bitcoin mining difficulty is at 55.62 TH/s after the recent dump in BTC price. BeInCrypto states Despite the 12% correction in Bitcoin (BTC) prices, the mining difficulty has reached an all-time high, and the balance in minersâ wallets continues to increase. Article here https://lnkd.in/dj_8iJyn
đ¨ Does an increase In Hash Rates reflect high investor confidence In Bitcoin?
đ´ CryptoQuant states Bitcoin exchange reserves have registered a large increase. Info here. The article here https://lnkd.in/dpk_mZGg states reserves on Coinbase, and Binance are up. this trend can cause bearish implications for the cryptocurrencyâs price.. This just means people may be willing to sell their #BTC.
â Bitstamp ends Ethereum staking for US Investors. The decision it due to âregulatory dynamicsâ in the States. The reason is down to regulations involving the service currently in the States. Bitstampâs U.S. CEO and global chief commercial officer at Bitstamp Bobby Zagotta said some interesting but not surprising things to Decrypt. Article here https://lnkd.in/dgKFXNHT
đ Two UAE news (See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 31st August Register via Eventbrite here https://lnkd.in/db6kUYzK
⥠PESTLER analysis on Bitcoin on 31st August (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB Registration link here https://lnkd.in/dGJWeHUc
For slides click here: https://tinyurl.com/hyjaeazm
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
23rd Aug: Crypto & Coffee at 8 đď¸
đĽBalancer V2 Pools Under Threat, đąPrivacy mixer Tornado Cash Is an entity. đ¨Mastercard Launches CBDC Partner Program đŻ Pro-crypto Republican presidential debate
đĽ Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools. Crucial Info via Twitter here https://lnkd.in/e4Y_2rk9
In response, the Emergency SubDAO 134 acted to enable proportional
exit from all affected pools, and pause any pools still within the pause window.
â Looks like as of now #fundsaresafu
đą Tornado Cash
đ A federal judge ruled against a group of Coinbase-backed investors and developers last week who alleged the U.S. Department of the Treasury overstepped its authority in sanctioning Tornado Cash. In doing so, he found that Tornado Cash had a DAO that could be sanctioned. More info via CoinDesk here https://lnkd.in/eqbQDtQz What does this mean for similar protocols?
đ¨ While DAOs operate in a decentralized manner, this ruling suggests that they can still be recognized as organized entities with potential legal consequences.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts on this. See slides 1 & 2 to get a global crypto market snapshot.
đľ Mastercard CBDC partners:
Official news herehttps://lnkd.in/eD7cQwCA that states Is safe the new sexy? CBDCs, trust and the evolution of money
đľ The inaugural set of partners includes CBDC platform Ripple, blockchain and Web3 software company Consensys, multi-CBDC and tokenized assets solution provider Fluency, digital identity technology provider IDEMIA, digital identity consultant Consult Hyperion, security technology group Giesecke+Devrient and digital asset operations platform Fireblocks.
đ Florida Gov. Ron DeSantis and businessman Vivek Ramaswamy will be in attendance at the political debate on Aug. 23, However, Miami Mayor Francis Suarez, will not be present despite earlier claims More info via Cointelegraph here https://lnkd.in/eBuB-EKE. Should be great debate #trump2024
đ đ´ Republicans (and RK jr) are in favour or
- Opensource
- Innovation
- Freedom of Speech
- Bitcoin & Cryptocurrencies
- Ban on CBDC
đľ Demorats are in favour of
- Cancel Culture
- Being Woke
- Pro-CDBC
- Not in favour of Freedom of Speech
đ´ How do Politics and politicians impact the future of Bitcoin & Crypto?
đ Two UAE news: (See Slides)
⥠Komainu, a joint venture between Nomura and crypto firms CoinShares and Ledger, has received a full operating license from Dubaiâs Virtual Assets Regulatory Authority
⥠Dubaiâs DEWA announces the success of ChatGPT
For slides click here: https://tinyurl.com/yps9xydx
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
22nd August: Crypto & Coffee at 8 đď¸
đ´SEC đ Titan Global Capital Management, â#binance trending on Twitter đĽImperial College London partners with FluidAI, đ°Vitalik Buterin sends over $1M worth of #eth to Coinbaseâ
đ´US Security Exchange Commission charges fintech investment adviser Titan for misrepresenting hypothetical performance of investments and other violations. These charges mark the first violation of the SECâs amended marketing rule
- Official news here https://lnkd.in/d6Qqs53a
- SECâs marketing rule from 2020 here https://lnkd.in/d4NxzFey
đĽ Imperial College London announced a collaboration with AI startup FluidAI to tackle major issues in the crypto market such as liquidity aggregation. The universityâs AI lab I-X will be working alongside FluidAI to improve the âtokenized marketâ for institutions, trading platforms and retail investors. Particularly, FluidAI says the crypto spaceâs issue of liquidity aggregation is of top priority. Ahmed Ismail, the CEO of FluidAI, told Cointelegraph that solving liquidity issues in the industry was a primary motivator to start the company. More info via Cointelegraph here https://lnkd.in/d5nyR7bd
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts to get a detailed breakdown of what is going on in Binance. See slide 1 & 2 for a global crypto snapshot.
đ On-chain data shows that Ethereum co-founder Vitalik Buterin moved 600 ETH to U.S. exchange Coinbase amid ongoing market woes. You can check the transaction via Etherscan here https://lnkd.in/dN2-S8aw What does mean for the price of Ethereum? . Some speculation indicates he could be selling, leading certain people to point out this as the start of a dumping season.
đľ China to lead Metaverse?
â China is looking to bring its highly-controversial social credit system to the metaverse. POLITICO article here https://lnkd.in/dQmHmw5C states The proposals, drafted by the state-owned telecoms operator China Mobile, floated a âDigital Identity Systemâ for all users of online virtual worlds, or metaverses. They recommended that the digital ID should work with ânatural characteristicsâ and âsocial characteristicsâ that include a range of personal data points like peopleâs occupations, âidentifiable signsâ and other attributes. They also suggested this information be âpermanentlyâ stored and shared with law enforcement âto keep the order and safety of the virtual world.â
đ Two UAE news: (See slides)
âĄIR4LAB | Ů
؎تبع اŮŘŤŮع؊ اŮŘľŮاؚŮŘŠ 4 enables the first blockchain ticketed event, the Web3 Summit Blockchain and Beyond, in KSA
⥠Saudi Arabia and UAE race to buy NVIDIA chips to power AI ambitions- article by Financial Times
For slides click here: https://tinyurl.com/45rhzk42
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel: â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
21st August: Crypto & Coffee at 8 đď¸
đĽ Evergrande Group đťGlobal Cryptođť Europeâs First Spot Bitcoin ETF⥠Update on Ripple vs SEC đ¨Bitcoin Ordinals transactions dropped by 97%
đĽ Chinaâs Evergrande Group filed for Chapter 15 Bankruptcy in New York
ahead of scheme meetings. To learn about Chapter 15 all details are here Uscourts. Gov https://lnkd.in/dwk3vxY3 . A Chapter 15 bankruptcy is a way for foreign companies with U.S. assets to get access to domestic courts, and protect them from U.S. creditors while they restructure overseas.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we give our commentary on this. See slide 1 & 2 for info on #stablecoins #defi & more
Over $50B has been wiped off in #btc market cap since 17th
đ¨ How does this news impact Bitcoin?
Investing.com article Chinese Giantâs Impact on digital markets states news of Evergrandeâs bankruptcy filing sent shockwaves through the crypto market. Bitcoin (BTC), leading the charge, crashed by 7% in the last 24 hours minutes and even dipped below $26,000, trading at $26,500 as of August 18. Article here https://lnkd.in/dJ8uCqy5
đ¨In Europeâs First Spot Bitcoin ETF Makes Waves on Euronext Amsterdam. itâs important to note Jacobi Asset Management obtained approval for the fund in 2021 but delayed the launch reportedly due to unpredictable circumstances in the digital asset space.
â Dubbed the Jacobi FT Wilshere Bitcoin ETF, the offering will be regulated by the Guernsey Financial Services Commission (GFSC). More info via Finance Magnates here https://lnkd.in/dVRS7zqp
Ripple đ SEC
đĽ Judge Analisa Torres has granted a request from the U.S. Securities and Exchange Commission to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to file a motion, on Aug. 18, requesting permission to bring a case to the U.S. Court of Appeals for the Second. More info via Cointelegraph on this here https://lnkd.in/dDtgTtzK
â Brad Garlinghouse, CEO of Ripple mentioned via Twitter the request for appeal (even if granted) doesnât change the fact that XRP is not a security https://lnkd.in/d7eyd55m
â So looks like there is a Central entity updating us on behalf of Ripple.
â The case against Ripple has been ongoing since December 2020, when the SEC sued Ripple and its executives over allegations of offering an unregistered security.
đ Bitcoin Ordinals transactions have dropped by 97% DappRadars blog here https://lnkd.in/dR9Hn5mv states
- Bitcoin Ordinals: -97% volume since May 2023.
- July: NFTs down, 4% active wallets.
- Ethereum, Polygon: NFT wallets -22%, -60% Feb to mid-Aug.
- Bitcoin Ordinals: -90% in the same period.
- Crucial for Bitcoin NFTsâ future
đ Two UAE news: (See slides)
⥠Virtual Assets Trading Platform M2 receives Financial Services Permission From Abu Dhabi Global Market (ADGM) Market
⥠RAK DAO and Humans.ai partner to drive AI innovation in the UAE
For slides click here: https://tinyurl.com/yck6da3d
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB Podcast + James Butterfill
Bitcoin Insights Unleashed: Exploring Trends, Strategies, and the Road Ahead with James
Guest: James Butterfill, Head of Research at CoinShares
Host: RA George
Date: 16th August
Time: 03:00pm UK time / 18:00GST
Recording Session: Google meet
Contact details for James Butterfill
LinkedIn: https://tinyurl.com/4kzbuy3p
Twitter: @jbutterfill https://tinyurl.com/yehwcv2n Blogs: https://blog.coinshares.com/
CoinShares
Website: https://coinshares.com/
Twitter: @CoinSharesCo https://tinyurl.com/665s86fk Summary of the conversation
Thank you for the podcast.
For feedback or suggestions send us an email to info@blockchaindxb.com
17th August: Crypto & Coffee at 8 đď¸
đĽEther futures ETF đ¨Banning CBDC is essential to Americaâs Fintech Futureâ đ´Ledger announces U.S. PayPal integration âĄ1,005 BTC mined in 2010 on the move
đĽAsset management firm Valkyrie filed for an Ether futures exchange-traded fund with the U.S. Securities and Exchange Commission on Aug. 16. As per the application, the fund will not directly invest in Ether but will seek to purchase a number of ETH futures contracts. Eric Balchunas, Senior ETF Analyst for Bloomberg mentioned via Twitter https://lnkd.in/daUq8nyG
â Important to note According to Valkyrieâs application, the ETF investment in Ether futures contracts will be limited to 8,000 contracts per month, in compliance with position limits established by the CHICAGO MERCANTILE EXCHANGE INC.. Futures contracts are standardized agreements to buy or sell an asset at a future point at a specific price. If approved, investors will be able to wager on future prices of Ether through the ETF.
đ¨ What about XRP spot ETF? James Seyffart, CFA, CAIA discussed Ethereum and XRP ETFs in a podcast with Thinking Crypto Podcast. Podcast available via YouTube here https://lnkd.in/d9TYqNev
đ´ US Congressman Warren Davidson has railed against central bank digital currencies (CBDC), stating that enacting a ban on these instruments is âessentialâ for the future of the fintech industry in America. Davidson explained that many people wrongly conflate cryptocurrencies with CBDC when these are two different concepts.
He further went on to say via Twitter that âAt least most agree that CBDC is evilâââthe financial equivalent of the Death Star. Donât become an accomplice to anyone designing, building, testing, developing, or establishing CBDC.
Donât become an accomplice to anyone designing, building, testing, developing, or establishing CBDC.
⥠Ledger announces U.S. PayPal integration, which lets users buy crypto from within the app. Through the new integration, verified PayPal users in the United States will be able to buy BTC, ETH, BCH, and LTC directly through Ledger Live. More info via Cointelegraph https://lnkd.in/d54Gq_Bf
Ledger chairman and CEO Pascal Gauthier claimed that combining Ledger Live with PayPal will make crypto transactions simpler while also not comâ promising on security:
đ 1,005 Virgin BTC mined in 2010 on the move
Whale Alert mentioned via Twitter that a dormant address containing 1,005 #BTC (29,750,772 USD) has just been activated after 12.8 years! The transaction can be verified here https://lnkd.in/d2wXsDea
Is Satoshi Nakamoto back?
đ Two UAE news: See slides
⥠Dubaiâs Virtual Assets Regulatory Authority (VARA) Published a notice of fines for the Open Exchange (OPNX) exchange
⥠VARA and Dubai Department of Economy and Tourism Join Forces to Establish Best-in-class Market Assurance Standards for Virtual Assets
For slides click here: https://tinyurl.com/yrb435m5
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB Podcast + Cardano Foundation
"Exploring Cardano: A Conversation with Frederik Gregaard, CEO of the Cardano Foundation"
Guest: Frederik Gregaard, CEO of the Cardano Foundation
Host: RA George
Date: 16th August
Time: 09:00am CET / 11:00GST
Recording Session: Google meet
Contact details for Frederik Gregaard
LinkedIn: https://tinyurl.com/5urtm9b7
Twitter: F_Gregaard https://tinyurl.com/bp5s6f84
Cardano Foundation
https://cardanofoundation.org/
Twitter: @Cardano_CF https://tinyurl.com/5ab765j6
LinkedIn: https://tinyurl.com/2jnvuu5u
YouTube: https://tinyurl.com/mry8f976
Telegram: https://tinyurl.com/f2v9se4x
Facebook: https://tinyurl.com/33sbyj8h
Instagram: cardano_cf https://tinyurl.com/k38w4sfb
Open beta phase of a new Cardano explorer: https://tinyurl.com/wczuac5m
Cardano Summit 2023: https://summit.cardano.org/ The event is taking place 02nd â 04th November.
Link for tickets: https://summit.cardano.org/
Summary of the conversation
Thank you for the podcast.
For feedback or suggestions send us email at info@blockchaindxb.com
16th August: Crypto & Coffee at 8 đď¸
đ Blockstreamâs Bitcoin mining plans đ¨Binance Connect shuts down đĽ Prime Trust files for bankruptcy đSingapore regulatory guidelines for stablecoins â Grayscale ETF update
đď¸ Check out Blockchain DXBâs podcast to get our commentary on todayâs news
đ Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoinâs halving in 2024. In an interview with Cointelegraph, Blockstream mining sales head James Macedonio unpacked the companyâs plans to take advantage of a âhuge separationâ in the value of Bitcoin BTC. It is looking to raise up to $50 million to purchase and store mining equipment that it perceives to be undervalued on secondary markets. Article here https://lnkd.in/dyvkZv7x
đ¸ Blockstream is partnering with Luxembourg-based digital securities marketplace STOKR to launch the Blockstream ASIC (BASIC) Note. Macedonio said that Blockstream will look to initially secure $5 million for its Series 1 BASIC Notes, each valued at $115,000, to buy ASICs at scale, store and then sell them back to the market as demand for hardware picks up into 2024.
đ¨ Binance to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement. The service will be disabled on Aug. 16 as the crypto exchange wants to refocus on its main products and long-term goals, according to Binance. A spokesperson told CoinDesk in an emailed statement. Article here https://lnkd.in/dNG7--MG
â Negative news
- Decrypt has reported that crypto custodian Prime Trust has filed for bankruptcy. Article here https://lnkd.in/dpjJqJqx. The article states Prime Trust made headlines when rival crypto custodian BitGo signed a letter of intent to acquire the company, but backed out just two weeks later. BitGo did not give a reason for ending the deal.
â Prime Trust owed over $82 million to customers from missing fiat currency deposits, despite having $68 million in digital assets under custody.
đĽ The Monetary Authority of Singapore (MAS) issues Key Requirements for Stablecoin Issuers Official info here https://lnkd.in/deB2dqe6 The regulatory framework takes into account feedback received, following an October 2022 public consultation. Check out our episode for commentary on this.
â Grayscale ETF update
Verdict On Grayscale Bitcoin Spot ETF Expected This Tuesday Or Friday Bitcoinist.net has mentioned that James Seyffart, CFA, CAIA, a Bloomberg analyst, has been vocal about the possible decision date, remarking on Twitter, âTomorrow is 8/15,â referring to his timeline for a Bitcoin spot ETF. The spreadsheet sets August 15 for a decision in the lawsuit between Grayscale and the SEC https://lnkd.in/dFEZ5hKp
đ Two UAE news (See slides)
⥠Omanâs ambitious move to cement itself as a blockchain hub in the Middle East
⥠Abu Dhabiâs G42 unveils the worldâs largest supercomputer for AI training
For slides click here: https://tinyurl.com/2p9ee3a4
LinkedIn Profile: https://tinyurl.com/569zh78j
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
15th August: Crypto & Coffee at 8 đď¸
đ Hedera HBAR đ Grayscale Bitcoin ETF decision! đĽ BITMAINâs Antminer S21 âCocaCola NFT on Coinbase layer 2 Network
⥠Hedera HBAR to the đ after the U.S. Federal Reserve Board instant payments platform FedNow added âDropp,â a Hedera-based micropayments platform, as a service provider. The token has now jumped nearly 50% over the past two months. More info via CoinDesk here https://lnkd.in/dgCckgKZ
â Check out Blockchain DXBâs Crypto & Coffee at 8 where explore this in detail and share our commentary on it.
đĽ Grayscale Bitcoin ETF decision could be made this week
Scott Johnson, a general partner of Van Buren Capital, explained via Twitter that law clerks in the United States District Courts generally cycle out in August, pushing judges to clear out the caseload âbefore the new guard arrives.â Tweet here https://lnkd.in/dH463A3B He noted that 30 out of 32 cases in March of 2021 and 2022 were heard by United States District Courts within 160 days of oral testimony, which also landed them in August, adding that it has also been 160 days since Grayscale delivered its oral arguments in its suit against the United States Securities and Exchange Commission on March 7.
â Bloomberg analyst James Seyffart, CFA, CAIA says the decision could even come as early as Aug. 15, https://lnkd.in/diZYt8SB
Source for both news is via Cointelegraph https://lnkd.in/duDnqWvx
â Could it be possible U.S. Securities and Exchange Commission delays the ETF?
â Galaxy CEO Mike Novogratz Says Bitcoin ETF Approval Is A Matter Of âWhen, Not Ifâ More info via Insider https://lnkd.in/dQ_hHVfq
⥠However former SEC Attorney John Reed Stark have further dampened optimism about the regulator approving any of the pending Spot Bitcoin ETF. More info via NEWSBTC https://lnkd.in/dX_PjY5A Listen to our episode on this.
â Is a surveillance-sharing agreement with Coinbase sufficient to prevent market manipulation?
â A GOP-led administration could bring about the approval of a Spot Bitcoin ETF.
đ Bitcoin Inc. has reported that BITMAIN, intends to unveil a cutting-edge bitcoin (BTC) miner at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this coming September. https://lnkd.in/dza24qVZ
This will definitely be a game-changer in the mining industry
đ´ The Coca-Cola Company has unveiled its âMasterpieceâ NFT collection, displaying a fusion of traditional and modern artwork on Base, Coinbaseâs Ethereum Layer 2 network.
đĽ This launch is a part of Coinbaseâs âOnchain Summerâ campaign, which
celebrates numerous on-chain art, gaming and music projects launched
on Base. News via Yahoo Finance https://lnkd.in/dVSYVnsa
đ Two UAE news (See slides)
⥠Dubai AI & Web3 Campus 3.0 Campus introduces specialised licensing solutions for tech firms looking to scale their business in the region
⥠GoDaddy brings .AI domain extension to Saudi Arabia
For slides click here: https://tinyurl.com/4y3443v5
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
14th August: Crypto & Coffee at 8 đď¸
đťStablecoin volumeđť Michael Saylor on Centralization of #BTC âCurve Finance hack update đ¨SEC delays ARK Investment Management LLC + 21Shares ETF
đĽLast week the global crypto market was bombarded with news surrounding stablecoins Ripple, Hedera & PayPal announced plans for stablecoins BUT since the previous 24 hours, the volume of all stablecoins is now $14.92B, which is 91.96% of the total crypto market 24-hour volume. See slides 1 & 2 below. Also, check out Blockchain DXBâs Crypto & Coffee at 8 where we share our commentary.
đ¨ MicroStrategy former CEO Michael Saylor speaking on the Coin Stories podcast explained that Bitcoin being bought and custodied by corporations should not be feared, outlining three main reasons driving the need for custodians. Full interview available via YouTube here https://lnkd.in/dW3Aw7wM
â Saylor outlined three main reasons underpinning the need for custodians:
- Technical
- Political
- Natural.
đď¸ What are the chances BlackRock could directly or indirectly force Saylor to dump his bitcoins? Check out the episode on commentary on this.
âCurve Finance update
â Curve Finance vows to reimburse users after $62M hack. The platform
mentioned via Twitter that 70% of funds affected by the hack last week are recovered, and an active investigation with regard to the rest is underway. Tweet here https://lnkd.in/dcQXgeCk In the meantime, the team are also working on measuring the respective shares of each affected user with the goal of proper distribution. We covered the hack in detail to understand the hack listen to our episode here via Spotify https://lnkd.in/dte7gRHA
More than $ 100M worth of cryptocurrency was at risk due to a bug impacting Curve
đ¨ NEWSBTC has reported that U.S. Securities and Exchange Commission (SEC) has moved to delay the ARK Investment Management LLC + 21Shares Bitcoin ETF in a move that could be seen as a delay tactic by the regulator. Article here https://lnkd.in/dGATVCBG Official document by SEC here https://lnkd.in/dKH9_efk The article also has some interesting points about concerns over Bitcoin manipulation & regulation
đ´ Catherine Woodâs ARK Invest and 21Shares had collaborated again to refile for a spot Bitcoin ETF earlier this year after the SEC rejected previous applications. Following the standard procedures, the SEC was meant to approve or disapprove the application by August 13. However, with its latest order calling for public input on ARK 21 Shares application, this deadline is consequently extended.
đ Two UAE news (See slides)
âĄtwofour54 Abu DhabiâââMedia and Entertainment Hub unveils âmetaverse-enabledâ film production studio in Abu Dhabi
⥠42 Abu Dhabi hosts sessions on blockchain technology and cloud engineering in collaboration with leading entities
For slides click here: https://tinyurl.com/2p83zwyu
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To help support his channel:
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
10th August: Crypto & Coffee at 8 đď¸
đťBinance BUSD market capđť Russia CBDC with 13 banksđĽ Blockchain.com license in Singapore đ¨Aptos Labs â Microsoftđđť
đĽBinance BUSD market cap is Summoned for Sacrifice and is down from $16B to $3.39B Proof of Reserves can be found here https://lnkd.in/drXZcSAm Cointelegraph has reported that Binance sold USDC for BTC and ETH after Silvergate Bank collapse. Binanceâs depleting USDC reserves have become a hot topic in the crypto ecosystem, especially after. The latest reserve audit suggests Binance holds more than enough crypto and cash to cover user funds. The ratio of Binanceâs net balances to its customersâ net balances is more than 100% for all its assets as shown in the snapshot below. Article here https://lnkd.in/dtJkGfxd
đ¨ See slides 1 & 2 below to get a detailed breakdown of #defi, #stablecoins #marketcap & more. Also, check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our commentary on this
đĽ Central Bank of the Russian Federation (Bank of Russia) revealed that it will begin testing operations for Russiaâs central bank digital currency (CBDC) project with digital rubles. The test will begin on Aug. 15. Official info here https://lnkd.in/d62hh_2m Cointelegraph article indicates that the pilot tests will involve the participation of 13 banks and a restricted group of their clients. https://lnkd.in/d9c25PPJ
đ Blockchain.com
⥠Blockchain.com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in the jurisdictions where it operates. It received in-principle approval from the Monetary Authority of Singapore (MAS) in September, last year. Info here https://lnkd.in/danV3jhC
đđť Aptos to the đ
⥠Aptos Labs and Microsoft have announced a strategic partnership to showcase the convergence of artificial intelligence (A.I.) and blockchain technologies. They are joining forces to create the innovative Aptos Assistant, a ChatGPT-powered chatbot designed to provide users and developers with comprehensive information and analysis of the Aptos ecosystem. News via Yahoo Finance here https://lnkd.in/dpJrs-pr
đ¨ They are planning to build A.I. tools to help banks explore blockchain integrations on Azure
đĽ In similar news regarding AI merging with crypto/blockchain Dubai AI & Web 3.0 Campus mentioned via Instagram post about #chatBTC. Very cool & this innovative tool aims to address the challenges posed by generic AI chatbots like #ChatGPT, offering users a trustworthy source for technical Bitcoin inquiries. Post here https://lnkd.in/d_QAtukD
đ Two UAE news: (See slides)
⥠UAE Public Prosecution organizes Global Summit for Metaverse Governance and Emerging Technology
⥠Dubaiâs Bedu announces an ambitious AI vision to fuel the future of the Internet.
For slides click here: https://tinyurl.com/mrx6usby
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
09th August: Crypto & Coffee at 8 đď¸
đĽ Stablecoin Bill đ¨ Circle USDC launches MPC wallet đľ Rippleâs stablecoin faces hurdles! đđťBinance in El Salvador
đĽ Stablecoin Bill
đ´ Republican Patrick T. McHenry, Chair of the U.S. House Committee on Financial Services, a statement on PayPal announcing the launch of Payment Stablecoin can be found here https://lnkd.in/eap6jDkz. According to the statement, McHenry believes stablecoins are the âpillar of our 21st-century payments system.â However, they must be regulated to reach their full potential.
âItâs very important to understand that stablecoins & CBDCs DO NOT follow the basics of Open Blockchain
- Opensource
- Permissionless
- Censorship Resistant
- Neutral
- Borderless
- Publicly verifiable
đ¨ Hedera has uploaded a video via YouTube called Stablecoins: The video is called âThe Future of international money transferâr a must-listen here https://lnkd.in/eE4aj6aE
đď¸ Check out the Blockchain DXB podcast where we share our opinions on this. See slide 1 & 2 to get a global snapshot of the #cryptocurrencies , #defi, #stablecoins and more
đľ Rippleâs stablecoin faces opposition Palauan senator Mark Rudimch has called for an audit of Palauâs stablecoin pilot program, launched by the countryâs ministry of finance in partnership with Ripple in July. In a letter sent to the public auditor Satrunino Tewid, Rudimch reported the Palauan senate had concerns regarding the âconstitutionality, security, accountability, statutory authority, and oversight of the program.
More info on this via Bitcoin.com https://lnkd.in/eWnqY6CC
đ The most important thing to understand is the audit report should be open to the public (Publicly verifiable) & funds back to the USD should be available 24/7/365
đ´ Circle issuer of USDC launches MPC wallet beta for Ethereum, Polygon, and Avalanche. Patrick Hansen Director, of EU Strategy & Policy, mentioned via Twitter that the Programmable Wallets beta is available. The developers can now bring Web3 to their users with ease. https://lnkd.in/eB26QpNU Blog here https://lnkd.in/e-HapdXM has clearer explanation
đđť #Binance is now El Salvadorâs first fully licensed crypto exchange!
With this, Binance has approvals and registrations in 18 markets worldwide, more than any other crypto exchange, including France, Italy, Spain, Sweden and Dubai. Binance mentioned via Twitter
https://lnkd.in/enrDS2vY
â Binance has been granted both a Bitcoin Services Provider license and the first non-provisional Digital Assets Services Provider license, allowing it to offer tailor-made products and services in the country.
đ Two UAE news (See slides)
⥠UAE: 95% of federal court cases in Q1 2023 were conducted remotely- Where does Blockchain Fit it?
⥠TimeAI summit is uniting tech giants and visionaries in Dubai to shape the future of AI October 4â5, 2023
For slides click here: https://tinyurl.com/43bbzrtj
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
08th August: Crypto & Coffee at 8 đď¸
â PayPal stablecoin confusion đ¨ Singapore Red Cross accepts crypto đą Huobi insolvency? Rumours or Legit?
đĽ PayPal unveiled a new stablecoin, tethered to the value of the U.S. dollar. Official news here https://lnkd.in/d5N9A3my The Issuance of and custody of PayPal USD is performed by Paxos
â However following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap.
More info via Bitcoin.com here https://lnkd.in/dWJ4SqwJ
đ The absence of an official release of PYUSDâs token address by Paypal or Paxos has paved the way for the creation of these fraudulent tokens, crafted to ensnare unwary traders. Both Paxos and PayPal have disseminated information about the stablecoin on their individual websites
â The transparency report can be found here https://lnkd.in/dgkSQWzt
The attestation reports are issued by WithumSmith+Brown, PC, an independent third-party accounting firm & is scheduled for publication in September 2023.
Check out Blokchchain DXBâ Crypto & Coffee at 8 podcast where we share our commentary and this. See slides 1 & 2 below for the global crypto snapshot.
Two Singapore news
⥠Singapore Red Cross announced its partnership with the first crypto payment gateway licensed by the Monetary Authority of Singapore (MAS) Authority of Singapore, Triple-A, to enable the option of anonymous donations in crypto. All donations will be converted into fiat currency and settled via bank transfer within one business day. Official news here https://lnkd.in/dJKaC_ux
⥠The Monetary Authority of Singapore (MAS) mentioned via Twitter that it will commit up to $150 million over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). More info here https://lnkd.in/dNeGfC_u
FSTI 3.0 will comprise the following new tracks:
- Enhanced Centre of Excellence track
- Innovation Acceleration track
- Environmental, Social and Governance (ESG) FinTech track
đĽ Decrypt articles state Huobi is currently grappling with rumours of Insolvency amidst hefty outflows. Key metrics below
- Huobi exchange: Outflows of $64 million over the weekend
- Total Value Locked (TVL) drop: From $3 billion to $2.5 billion in a month
- DeFiLlama data shows an ongoing decline
However, crypto analyst Adam Cochran dismissed claims by the companyâs community manager that his information âhas been pure rumours.â Article here https://lnkd.in/d52yCjec
The Huobi cryptocurrency exchange has found itself in a challenging situation marked by rumours of financial instability and noteworthy developments in the crypto market.
đ Two UAE news: (See slides)
⥠UAE signs deal to develop carbon credit system on Venom Foundation
blockchain
⥠Beyond Imagination Technologies Pvt. Ltd. expands to the Middle East; Partners with Abaâad Alkhayal
For slides click here: https://tinyurl.com/2p3jpff9
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
07th August: Crypto & Coffee at 8 đď¸
đĽXRP Whale dump âUS election & #BTC donationâ Worldcoin top 20 wallets have 94% of the Supplyđą Update on Legend Sam Bankman-Fried đ
đĽ Rippleâs XRP whales have started dumping XRP after taking hefty profits. On-chain data shows that since July 19, the overall supply in addresses holding between 100,000â1,000,000 coins has decreased from 6.85 billion to 6.75 billion. More info here https://lnkd.in/dJed6-sG
đť NEWSBTC has stated that retail investors and smaller holders often get caught up in the excitement of price rises and buy-in at the top, whales are more likely to sell off after massive price jumps and buy back in after the pullback. https://lnkd.in/dig47RvC
đ¨ Antony Welfare also mentioned via Twitter #Tokenization is the Future of Real Estate & some crucial information about CBDC here https://lnkd.in/dwMfP7zb
đď¸ Check out Blockchain DXB Crypto & Coffee at 8 podcasts as we discuss news regarding getting into Tokenization the next move by Ripple.
đĽ Is Bitcoin Apolitical?: US election & Bitcoin
đ Politics and politicians have a very strong say in the trajectory and direction of #BTC & #cryptocurrency adoption
đ´ Miami mayor Francis X. Suarez announced that heâs accepting crypto for campaign donations. The 2024 presidential candidate revealed the decision to accept digital currencies during a CoinDesk TV
broadcast. https://lnkd.in/deAXy-Pa
đ´ Governor of Floria Ron DeSantis said he will end the Biden Administrationâs alleged âwar on bitcoin and cryptocurrencies,â during a campaign event in New Hampshire. via CoinDesk https://lnkd.in/dihrdwE4
đľ Democrat Robert Kennedy Jr vowed to back $USA with Bitcoin, & even exempt BTC from taxes https://lnkd.in/dEyV-mND
What side of politics and politicians supports Bitcoin?
- Right Wing
- Left Wing
đĽ We have an event where discuss the Political implications of Bitcoin and vice-versa. https://lnkd.in/dGJWeHUc
đą Worldcoin: Centralization worry
- Worldcoinâs native cryptocurrency, worldcoin (WLD), has oscillated in value between $2.69 and $2.13 per token throughout the preceding 12 days, peaking at $3.30 per coin on July 24, 2023. The number of individual addresses possessing WLD under Worldcoinâs umbrella has surged by more than 148%, escalating from 164,195 wallets to a figure of 408,721 unique addresses. Detailed information via Bitcoin.com here https://lnkd.in/dk6HVPZk
Important to note top 20 wallets command 94% of WLD supply
â What happens if they decide the dump the token?
đ Legend Sam Bankman-Fried faces Jail as the U.S. Department of Justice pushes for Incarceration. Info here https://lnkd.in/drjgbq94
Check out our episode for our commentary.
đ¨ Two UAE news: (See slides)
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & Role in the Metaverse 01st Sep by Blockchain DXB
⥠Saudi Arabiaâs AI powerhouse, Mozn, recognized as one of the worldâs top fintechs for 2023
For slides click here: https://tinyurl.com/3khn2xzk
LinkedIn Profile: https://tinyurl.com/569zh78j
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
03rd August: Crypto & Coffee at 8 đď¸
đĽ Litecoin halving đ¨Binance to face charges â Global market down đťAmazon Prime NFTs đ Consensys + Cointelegraph đ2 events by Blockchain DXBđ
đĽ Litecoin has completed its third Block reward halving, now cutting rewards to 6.25 LTC. On August 2, 2023, the Litecoin (LTC) blockchain documented its third block reward halving. Litecoinâs first halving transpired on August 25, 2015, at a block height of 840,000, and the second occurred on August 5, 2019, at a block height of 1,680,000. The most recent reward halving, happening at block height 2,520,000, has reduced the reward from 12.5 LTC to 6.25 LTC. Prior to this halving event, LTC miners generated 7,200 new LTC units each day; that rate has now fallen to 3,600. Bitcoin.com has more info here https://lnkd.in/dEcrjB5t
đď¸ Charlie Lee the founder of Litecoin mentioned a a funny discrepancy via Twitter here https://lnkd.in/d5FfxYNj He was also live on Twitter space to share his thoughts
đ´ Binance trouble Escalates? Rumour or Legitimate news?
đĽ U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance, but are concerned about the cost to consumers. More info via Semafor here https://lnkd.in/dUxas5VZ
â Itâs important to note no charges had been filed against crypto exchange Binance or Binance.US.
â Is this the reason the global crypto market is down? CoinDesk feels that the price of bitcoin (BTC) and Binanceâs BNB token immediately fell following the report by Semafor https://lnkd.in/dmSCgBdQ
đ˘ Amazon Prime Is giving out fee NFTs Decrypt is reporting that Prime subscribers can now snag a free Polygon NFT and in-game currency for Mojo Melee, with more freebies to come. The pack includes one NFT for champion character Gwyn Rockhopper as well as 885 Oreâââa non-crypto, in-game currency. Article here https://lnkd.in/dRSZJFcu
đ What are the benefits or utilities of these NFTs though? Find out more here https://lnkd.in/d2f-qsZP
đđť Consensys Startup Program partners with Cointelegraph Accelerator because of this Cointelegraph Accelerator participants will get a headstart with Consensysâ Web3 solutions, including MetaMask, Infura and Linea zkEVM. Info here https://lnkd.in/dCtA3wAS More info on the accelerator program can be found here https://lnkd.in/dVckNrWm
đď¸Check out Blockchain DXBâs Crypto & Coffee at 8 where we share our opinions on it
đ Two UAE news (Two Events See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 31st August Register via Eventbrite here https://lnkd.in/db6kUYzK
⥠PESTLER analysis on Bitcoin on 31st August (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB Registration link here https://lnkd.in/dGJWeHUc
For slides click here: https://tinyurl.com/3bf4pb28
LinkedIn Profile: https://tinyurl.com/569zh78j
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
02nd August: Crypto & Coffee at 8 đď¸
đ MicroStrategy to buy more #BTC ⥠Lightning Network Challenges by David Marcus đ GameStop No to digital wallets đ Toyota GR Cup digital đ
đ Bitcoin Trading Volume to the đ more than doubled since the last 24 hours See slides 1 & 2 below to get a snapshot of the crypto market
đ MicroStrategy may raise up to $750 million by selling more stock and plans to use the proceeds to buy more Bitcoin, among other things. Official info via U.S. Securities and Exchange Commission filing here https://lnkd.in/d8KuVhyZ The company owned 152,800 bitcoin as of July 31, which are now worth about $4.5 billion.
â Is the Accumulation of #Bitcoin among Multibillionaires, Millionaires, Celebrities and Influencers a good thing?
â What happens if they are directly or indirectly required to sell/dump the Bitcoins?
đ David Marcus, CEO and founder of Lightspark has outlined the challenges of building on the Bitcoin Lightning Network. He stated that hat building on Lightning and Bitcoin is about five times more difficult than developing on other protocols.
đ¸ Binance CEO Changpeng Zhao has previously pointed out that integrating Lightning Network services on Binance was more complex because of the usage of on-demand invoices, which are different from pre-generated addresses. More info via NEWSBTC here https://lnkd.in/dJcp34vj
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we go in detail and share our commentary on this
â No More Crypto: Gamestop
- Gaming retail company GameStop has announced it will remove its digital wallets from the market starting in November, citing âregulatory uncertainty of the crypto space.â Cointelegraph has reported that In a notice posted to its website, GameStop said iOS and Chrome Extension wallets will no longer be available starting on Nov. 1, advising users to ensure they have access to their secret passphrases by Oct. 1. The wallets, launched in May 2022, allow users to manage cryptocurrencies and nonfungible tokens, or NFTs. Article here https://lnkd.in/dzrFTS6z
đ Toyota Motor Corporation announced that the Toyota GR Cup will award digital trophies on the Polygon blockchain to race winners. the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second or third place in a race). The ledger entries will also include statistics about the race and the driverâs performance. Article here https://lnkd.in/dMFYQFAa
â A good use case to use Blockchain technology for this? Spartan race
could try something similar with finishers too? Would be brilliant publicity
with the Unbreakable Pass
đ¨ Two UAE news (See slides)
⥠Nomuraâs Digital-Asset Subsidiary Gets Full Dubai Crypto License
⥠UAE:âJassasâ AI to track and report digital services status
For slides click here: https://tinyurl.com/fce7ec3d
LinkedIn Profile: https://tinyurl.com/569zh78j
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â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
01st August: Crypto & Coffee at 8 đď¸
đĽ SEC files lawsuit against Richard Hart (HEX) â #fakenews about
Coinbaseâ to suspend All Cryptosâ đ¨ Worldcoin update from Germany đ Tether.to attestation report
đ The global crypto market is relatively flat for the last 24 hours! See slides 1 & 2 to get a snapshot of the global crypto market, #defi, #stablecoins and listen to our commentary via audio version.
đ¨ #fact
⥠U.S. Securities and Exchange Commission charges Hex founder Richard Heart with misappropriating millions of dollars of Investor Funds from unregistered crypto asset securities offerings that Raised more than $1 Billion. They have also charged 3 unincorporated entities that he controls ie Hex, PulseChain, and PulseX, Official info here https://lnkd.in/d9-7S_2k
đĽFinancial Times reported that U.S. Securities and Exchange Commission has asked Coinbase to suspend all Cryptos except Bitcoin before litigation. However, Coinbase denies SEC told it to delist everything but Bitcoin. Cointelegraph article here https://lnkd.in/dNhe95aw states that Coinbase has denied a report saying its CEO Brian Armstrong said it was once told by the United States securities regulator to delist all cryptocurrencies on its platform except for Bitcoin.
â A Coinbase spokesperson told Cointelegraph, that the Financial Times report omits context regarding its conversations with the SEC and was inaccurate.
đď¸ Check out our Blockchain DXBâs crypto & coffee at 8 podcasts where we explore this news in detail and give a detailed breakdown of what happened
đĽ Reuters has reported that A German data watchdog has been investigating OpenAI CEO Sam Altmanâs Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data, the regulatorâs president told Reuters. https://lnkd.in/dSBihEMQ
đ¨ Before making a judgement we strongly recommend listening to the Bankless podcast where they explain crucial details about the Worldcoin
project and the ORB. via YouTube here https://lnkd.in/dNNVnqHW
đ Stablecoin king Tether.to published its Q2 2023 attestation report on July 31 and according to the report here https://lnkd.in/dBkFi2tw . The attestation report by BDO Italia states Tether Excess Reserves increased by $850M to reach $3.3B as Leading Stablecoin Reveals $72.5B overall exposure in US T-Bills and Unveils Energy-Related Investments
â NEWSBTC summary states that Tether recorded an âoperational profitâ of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1.48 billion. https://lnkd.in/dQ_DFuQN
Check out our episode as we give our commentary on the attestation report
đ Two UAE news (See slides)
⥠Binance Is the First Virtual Asset Exchange to Receive an Operational MVP License in Dubai
⥠Dubai-based metaverse company Landvault to âusher in a new era of the Internetâ
For slides click here: https://tinyurl.com/584rxj9c
LinkedIn Profile: https://tinyurl.com/569zh78j
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â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
31st July: Crypto & Coffee at 8 đď¸
đĽCurve Finance exploit đťDefi TVLđť Binance Labs AI NFT generator đ20 Million Ordinals â Ripple XRP slides below Binance BNBâ đĽł30th July: 8th anniversary for Ethereum
đĽCurve finance, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit. Official news via Twitter here https://lnkd.in/d3x9bAkU More than $ 100M worth of cryptocurrency could be at risk due to a bug impacting Curve, a stablecoin exchange at the centre of Ethereumâs DeFi ecosystem. Cointelegraph has a great breakdown on this here https://lnkd.in/dZSUAXym
â Defi TVL is down to $41.57B Check out Blockchain DXBâs crypto & coffee at 8 podcasts where we explore this news in detail and share our commentary.
đť Ripple XRP slides below Binance BNB chain. More info via CoinMarketCap. Also see slide 1 & 2 for detailed info on #cryptoprice #defi #stablecoins & more
đ¨ This latest exploit underscores the need for continuous security audits, prompt responses to vulnerabilities, and collaborative efforts within the DeFi community to enhance the overall security and resilience of the ecosystem.
đ¨ Binance officially launched its new AI NFT feature, Bixel, which allows users to generate and mint up to ten NFTs per day. NFTevening has an excellent summary here https://lnkd.in/dmHPRjj8
- Binance Bixel is an AI NFT generator that allows users to create custom digital artworks and have them delivered as NFTs via the BNB Smart Chain.
- The feature was first launched as a beta test for European users, then globally. Now itâs available to the general public.
- Bixel offers various styles and design options, and users get ten free generation chances daily, making it easy for mainstream audiences to join the web3 space.
đĽ You can also join the #Binance Bixel challenge for a chance to win rewards from your AI digital creations! Official info https://lnkd.in/d6sVqpA8
đ 20 million Ordinals
â July 28, 2023, marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Bitcoin.com has detailed information on this unfortunately Bitcoin-based NFT sales have now stumbled, finishing seventh in the last seven-day stretch. Article here https://lnkd.in/diPhqzpy
𼳠Ethereum Anniversary
đĽ 30th July marks the 8th anniversary of Ethereumâs Mainnet launch, which took place on July 30, 2015. Forbes has an interesting video on YouTube discussing Ethereumâs Eighth Anniversary: Everything You Need To Know About The Token https://lnkd.in/dy_2zYqJ
đ Two UAE news See Slides)
⥠Crypto Hardware Retailer Phoenix in Early Talks for UAE IPO
⥠Hong Kong and Saudi Arabia collaborate on tokens and payments
For slides click here: https://tinyurl.com/s7dr8ww7
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â Buy me Coffee â
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
27th July: Crypto & Coffee at 8 đď¸
đĽFederal Reserve Board raises interest to a 22-year high! âBinance withdraws from Germany + introduces FDUSD âChinese & Indian support for CBDC đ Reddit, Inc. launches more Polygon NFTs
â FED chair Jerome Powell announced a 25 bps interest rate hike. This marks the 11th rate increase in the Federal Reserveâs latest rate-hiking cycle. It also brings the benchmark borrowing rate to a range of 5.25% and 5.5%. Itâs the highest level for the upper bound of the range since 2001. We strongly recommend watching the full video here via YouTube https://lnkd.in/d3y-qr_C
đ´ The Big question: How does it impact the price of Bitcoin? The prices usually fluctuate 3 to 4 hours after the announcement as Fakenews mainstream media tend to put their own narrative
- CNBC states Bitcoin & Ethereum hold steady after Fed announcement https://lnkd.in/dva6H2FP
- Barronâs few hours before the announcement said Bitcoin Is Steady Ahead of Fed Decision on Rates. Dogecoin Rises. https://lnkd.in/duhf3rUx
- CoinDesk states Bitcoin Steady at $29.3K After Fed Rate Hike and Powell Press Conference https://lnkd.in/d8rdnJh4
đď¸ Check out Blockchain DXBâs crypto & coffee at 8 podcasts where we explore this news in detail
â 2023- Terrible year for Binance
â Binance informed its users via blog post that it added a brand-new stablecoin called FDUSD. Blog here https://lnkd.in/dra8BGNv However they later published a subsequent blog post indicating the postponement of FDUSD trading pairs due to liquidity providers grappling with âtechnical issues update here https://lnkd.in/dq35qFnu
â Germany withdrawal
- Binance has withdrawn its application for a license from German financial regulator BaFin, the company told CoinDesk. The move follows a retrenchment from markets including Austria, Belgium and the Netherlands, and as its U.S. arm is sued by regulators for operating an unregistered exchange. Article here https://lnkd.in/d3kaK5zr
â¤ď¸ China + India Love for CBDC â for Crypto
â The CFA Institute asked members around the world how they felt about CBDCs. Chinese, and Indian investment professionals show strong support for CBDC. Survey findings here https://lnkd.in/dn9gPZJy
đĽ Reddit, Inc. launches more Polygon NFTs after already minting 18 Million Avatars. Cool Cats and Aku are in the mix for the new Collectible Avatars NFT drop, with prices ranging from a couple of bucks to $200 apiece. Info via Decrypt here https://lnkd.in/dVgwvjup
đ Two UAE news (See slides)
⥠Venom Blockchain Surpasses One Million Registered Wallets in Record Time Venom Foundation
⥠Dubai to host key generative AI assembly 11â12 October 2023 Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮŘĽŮ
اعاتâââŮاŮ
For slides click here: https://tinyurl.com/4x5yr4hp
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âĄStartup Oi
startup oi is a global one-stop platform for tech.
It offers global high-paying tech jobs with flexibility in working time & location, global free tech events, and tech networks to connect with global like-minded engineers.
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
26th July: Crypto & Coffee at 8 đď¸
âKuwait Cracks Down on Crypto đChinaâs blockchain satellite in Space đťWorldcoinđť Japan PM reaffirms WebđĽ
â Kuwait has prohibited the use of crypto for payments or investment to combat money laundering, according to a circular by the countryâs financial regulator issued on Monday. Official info here https://lnkd.in/ds4s5fpz The Capital Markets Authority also placed an âabsoluteâ ban on all digital asset mining, prohibited the recognition of crypto as a decentralized currency, and also warned the public that companies are not allowed to provide any type of crypto-related services.
The prohibitions are an effort to meet requirements set by the FATF on preventing money laundering via crypto, the Capital Markets Authority said. Check out Blockchain DXBâs Crypto & Coffee at 8 Podcast where we explore this news in detail.
đ Chinese blockchain Sputnikâs satellite in space
⥠A Chinese satellite has become the first in the world to carry a blockchain imaging and screening system into orbit. Cointelegraph has reported that the satellite features a visual blockchain on-orbit certificate storage system dubbed âADAChainâ (not related to Cardano) developed in-house by NationStar. Article here https://lnkd.in/dFJEzxKa
đ¨ CoinDesk has reported that the Worldcoin token has taken a deep dive due to concerns around privacy, and security and reported connections to legend Sam Bankman-Fried and Three Arrows Capital Pte Ltd Capital Limited. Article here https://lnkd.in/d7xTa2Tq
â Important to note About 30% of its Orb-verified users are in each of Asia and Africa, raising concerns about exploitation.
đ The U.K.âs data watchdog, the Information Commissions Office (ICO), will examine Worldcoin, a project by OpenAI CEO Sam Altman. More info on this here https://lnkd.in/d6AztddZ
đ Web3 = New form of Capitalism?
â Japan PM Fumio Kishida described Web3 as a ânew form of capitalismâ in a keynote address at the WebX conference in Japan. He reaffirmed the countryâs commitment to fostering the Web3 industry, highlighting its potential to transform the internet and kindle social change. He made the comments in a keynote address on day one of the WebX conferences in Tokyo, Japan, as initially reported by local media outlet CoinPost Inc. Info here https://lnkd.in/d7bJZcjV
đ¨ In Japan, Binance confirmed to Cointelegraph that it is set to offer its services to Japanese cryptocurrency users from August onwards. Binance CEO Changpeng Zhao announced the cryptocurrency exchange would launch its services on a new Japanese platform in August 2023. Article here https://lnkd.in/d5V6hrxx
đ Two UAE news (See slides for more info & listen to our podcast for commentary on this)
⥠Abu Dhabi Global Market (ADGM) grants financial services permission to crypto exchange Rain
⥠Dubai will dominate the AI industry- Silicon Valleyâs reign is over? Article by Khaleej Times
For slides click here: https://tinyurl.com/2h4j99tx
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
25th July: Crypto & Coffee at 8 đď¸
đ Worldcoin but NOT for the USA âBinance CEO Changpeng Zhao wash trading rumours ⥠Digital ruble in Russia đťBitcoin Mining difficultyđť
đ OpenAIs Worldcoin project has officially been launched! A crypto project relies on an eye scan to verify a userâs identity. Official news here https://lnkd.in/d9gEHsgk
What is Worldcoin? The worldâs largest, most inclusive identity and financial public utility, owned by everyone. The Worldcoin protocol currently consists of
- World ID
- Worldcoin token (WLD)
- World App
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we explain What is world coin?
â Itâs important to note that the terms and conditions clearly state that Worldcoin is NOT for the USA. The website reads *Worldcoin tokens (WLD) are not intended to be available to people or companies who are residents of, or are located, incorporated or have a registered agent in, the United States or other restricted territories. More details can be found in our Terms of Use
đ Binance, Huobi, Bybit and OKX have listed Worldcoinâs WLD token, WLD Token Spikes Over 20% on Major Crypto Exchanges
đ˘ Vitalik Buterin has shared his opinion on a biometric proof of personhood. Info here https://lnkd.in/d7s9zNYf
â Binance Rumours
đď¸ The Wall Street Journal article states Some Binance.US Crypto Trading Was a Mirage, the Security Exchange Commission Alleges. The article states that Regulators and academics say some digital asset exchanges inflate trade volumes More info on this here https://lnkd.in/dBn5f5Xc. The exchangeâs affiliates may have been responsible for trading $70,000 worth of bitcoin on Binance.USâ debut in 2019.
đ´ CoinDesk states that a spokeswoman for Binance told the newspaper that neither the company nor Zhao has engaged in or tolerated wash trading. Binance dismissed wash trading allegations in an email https://lnkd.in/dMGEeX6e
đś Russia Ruble: 01st Aug
â Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital Ruble bill into law on July 24, according to an official government document here https://lnkd.in/dikR3w94
â With this approval, the digital Ruble law is officially scheduled to take effect from Aug. 1, 2023, with all but one rule ready to be enforced.
đť Bitcoin Mining difficulty: Every 2016th block the #BTC Mining difficulty gets adjusted. Looks like Bitcoinâs difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023, More info via Bitcoin.com here https://lnkd.in/dkQXpNQt
đ Two UAE news:
âĄSABIC launches pilot Blockchain Project to advance emissions tacking & reduction across value chains
⥠Saudi Arabia set to be the biggest gainer from artificial intelligence in the Middle East by 2030- report by PwC
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
24th July: Crypto & Coffee at 8 đď¸
đ¨SEC fightback against Rippleâs XRP đĽDogecoin > Solana đMcDonaldâs experience in The Sandbox ⥠Federal Reserve Board interest rate hike
đ¨ Security Exchange Commissionâs former head of internet enforcement has warned that the ruling on the SEC đ Ripple case âresides on shaky groundâ and will likely be reversed. John Reed Stark shared his analysis of the SEC v. Ripple ruling concerning XRP on LinkedIn last Friday here definitely worth reading here https://lnkd.in/dDFbWYGS Check out the Blockchain DXB episode where we discuss this in detail.
â Important to note Ripple applied for registration as a crypto asset firm with the UKâs Financial Conduct Authority after its partial win against theSEC. Ripple is keen on acquiring a license from the UKâs Financial Conduct Authority, as a crypto asset company. Via Cointelegraph here https://lnkd.in/dXFaFJ-K
â So there is a central entity making decisions on behalf of Rippleâs XRP
đ The global cryptocurrency market is relatively flat it would be interesting to see how the FEDâs decision about the interest rate hike could impact the price of #BTC & the global #cryptocurrency market. As of now, the Fear and Greed index is at 54- Neutral.
đĽ Dogecoin becomes the 8th largest cryptocurrency after adding $1 Billion To Market Cap & has overtaken Solana.
A tweet circulating now shows that Tesla has deleted âbitcoinâ in the source
code of its payment page, but still retains âdogecoinâ. More info
here https://lnkd.in/dzpqkggQ. Check out our episode where we discuss
everything about Dogecoin here on the 18th of July via Spotify here https://lnkd.in/d9MQmbV2
đ McDonaldâss launched McNuggets Land in The Sandbox, inviting users to interact with pixelated nuggets and play mini-games. The fast food giant is celebrating the 40th anniversary of the menu item with a perplexing new Web3 activation. Official info here https://lnkd.in/dZ_5aQYD
đ¨ Reuters article states the FED will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economistsâ polls, with a majority still saying that will be the last increase of the current tightening cycle. Article here https://lnkd.in/dpN9tv8A
How will this news impact the price of Bitcoin & Crypto?
- Interestđş Bitcoin đť
- Interestđť Bitcoin đş
â Is Federal Reserve Board applying the law regarding FedNow?
đĽ Caitlin Long, CEO of Custodia Bank says The Federal Reserve is welcoming a European firm but not hers is âvery un-American.â Discussion on this regarding Fednow via Decrypt here https://lnkd.in/dWHy7Sun
đ Two UAE news: (See slides below & listen to our commentary via Blockchain DXBs Crypto & Coffee at 8 podcasts)
⥠Bitget Opens Dubai Office, Plans Middle East Expansion
⥠Crypto Oasis Ventures, DIFC to collaborate on accelerator programmes.
For slides click here https://tinyurl.com/2y7nmcau
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB + Vinod Varma
Guest: Vinod Varma, Founder of Resurrection Events founded in 2010 & organizing rock and metal events. Resurrection Events started in Bahrain and have since branched out to Dubai.
Host: RA George, Blockchain DXB (Crypto & Coffee at 8)
Contact info: Vinod Varma
Instagram: djwynn_heavymetalnights https://tinyurl.com/86tzvbde
Resurrectionmetaleventsdubai https://tinyurl.com/2yyabk9e
Facebook: https://tinyurl.com/45kxf5j5
Upcoming event: Girish & The Chronicles 22nd July 08:30pm Entry Fee: 100/- AED, Limited Seats for Reservations Connect on Whatsapp/Call +971509647009
Venue â Fusic Lounge, R Level, Holiday International Hotel, Embassy District, Bur Dubai
WhatsApp group: https://tinyurl.com/5cukbmtm
Episode No 1 https://tinyurl.com/2bmbxuyn
Summary of the conversation
Thanks for the podcast.
For feedback or suggestion email: info@blockchaindxb.com
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc
20th July: Crypto & Coffee at 8 đď¸
đ¨US dollar to be backed by Bitcoin âVitalik Buterin becomes NFTâ Dormant Ethereum worth $116M resurrects đ¸ National Australia Bank, restricts crypto payments
đ¨ US Presidential candidate RFK Jr. announces bold plan to back dollar with Bitcoin, even end Bitcoin Taxes while speaking at a July 19 Heal-the-Divide PAC even must watch the video here https://lnkd.in/dW3Eg5SX He said Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity.â
đ If that thing happens other countries would follow a similar pursuit? The price of Bitcoin would definitely pump to the moon!
đ´ Standard Chartered Bank has forecast bitcoin will trade as high as $120,000 (ÂŁ93,000) by the end of 2024. More info here https://lnkd.in/dEumPiSG We at Blockchain DXB strongly recommend that all price predictions are 100% right 50% of the time
đĽ OpenSea: Censored
Vitalik Buterinâs portrait from 2014 auctioned as NFT Cointelegraph has reported that an image of the Ethereum co-founder Vitalik Buterin taken back in 2014, is being auctioned off as a nonfungible token (NFT). The portrait, by Canadian photographer Andrew Miller, was taken before the popular developer became famous.
đĽ Ethereum Resurrection
- A wallet address containing pre-mined Ethereum worth $116 million moved its entire stash of 61,216 Ether to an address on the Kraken Digital Asset Exchange crypto exchange after being dormant for eight years. More information via Whale Alert here https://lnkd.in/dXFgVi3D
â Etherscan data confirms that the pre-mined 61,216 ETH were transferred to a Kraken wallet address on July 18 at 7:30 pm Eastern Time. The power of Open Blockchain! Could this be possible when CBDC kicks in?
đĽ NAB, Nastiona Australia Bank, blocks payments to âHigh-Riskâ Crypto Exchanges Official news here https://lnkd.in/dT76Nx_D They have joined other major lenders in the country in blocking payments to some cryptocurrency exchanges. The banking institution said itâs introducing new customer protections regarding financial transactions with certain scam-related crypto platforms.
â The dollar amount for all scams equates to roughly $184Millions or $270 million Australian dollars
Two UAE news (See slides for more info)
⥠Brinc Announces Summer 2023 Cohort for Web3-Focused Accelerator Programs
⥠Saudi aramcoâs venture capital arm invests in AI start-up Tenderd
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
19th July: Crypto & Coffee at 8 đď¸
đ¨Spot Bitcoin ETF updateâ Ripple invests in Metaverse Africaâs Crypto Interest đ´Aave Launches Stablecoin GHO
đ§ Wednesday 18th July U.S. Spot Bitcoin ETF Approval Clock starts as 8 applicants are named on Federal Register. The eight applicants are BlackRockâs iShares ETF filed on Nasdaq, Bitwise Incâs Bitcoin ETP Trust filed on NYSE Arca and six others filed on the Cboe Global Markets Fidelity Investmentsâs Wise Origin Bitcoin Trust, WisdomTree Asset Management Bitcoin Trust, VanEck Bitcoin Strategy ETF, Invesco US Galaxy Bitcoin ETF, ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF. CoinDesk has more information on this here https://lnkd.in/dx9xHYxf
đ¸ Itâs important to note no guarantee the SEC will approve any of the applications, the filing by industry giant BlackRock has fueled speculation that permission is more likely.
đ¸ Valkyrie Bitcoin Strategy ETF is called âBRRRâ. And according to data from the SECâs Nasdaq rulemaking list, the proposal entered the official docket on July 17. More info via Cointelegraph here https://lnkd.in/dhxd3K8z
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts we share our opinion on this. We also discuss the state of #defi, #stablecoins & more
đ¨ Futureverse, a startup formed out of 11 different firms, has raised $54 million in Series A round led by 10T Holdings and including contribution from Ripple Labs, the firm said on Tuesday. Information via Bloomberg here https://lnkd.in/de5dGgtN
đ´ We at Blockchain DXB strongly feel A Centralized Metaverse will offer a better user experience. Check out our episode to get our reasoning for this
â Bitcoin.com has reported that Between Jan. 1 and July 4, the Nigerian share of Africaâs overall interest in cryptocurrency stood at 66.8%, a figure nearly eight times that of second-ranked South Africaâs share, according to the latest CoinGecko report. South Africa, along with Morocco, Ghana, Egypt, and the Ivory Coast, accounted for 23.8% of the continentâs interest in cryptocurrency year-to-date (YTD). https://lnkd.in/dxxMuvZT
đĽ GHO stablecoin
⥠July 14, 2023, Aaveâs community approved a governance proposal, swiftly followed by the much-awaited launch of the stablecoin GHO on the Ethereum network. More info via Bitcoin.com here which states The circulating supply of GHO stands around 2,510,269 tokens, representing a meagre 0.0016% of the overall $127 billion stablecoin economy. https://lnkd.in/dxHAAeRu
â At the moment guys GHO is relatively insignificant when compared with the top ten stablecoins, especially when considering circulating dollar-pegged coins.
đ Two UAE news: (See slides)
⥠Blockchain in Banking Fest by DIFC Innovation Hub on 20th July
⥠UAE Metaverse Market Research Report- Forecast 2023â2028 by Report Ocean
For slides click here: https://tinyurl.com/265skshs
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
18th July: Crypto & Coffee at 8 đď¸
đĽG20 issues nine Regulatory Recommendations â #btc đť Miners are selling Crypto đ¨ Crypto Crime down 65% by Chainalysis, Super Bowlâs MVP NFT Platform
đĽ G20! Financial Stability Board (FSB) is finalising its global regulatory framework for crypto-asset activities to promote the comprehensiveness and international consistency of regulatory and supervisory approaches.It consists of two distinct sets of recommendations:
- High-level recommendations for the regulation, supervision and oversight of crypto-asset activities and markets
- Revised high-level recommendations for the regulation, supervision, and oversight of âglobal stablecoinâ arrangements.
Official news here https://lnkd.in/dWkRx5Bx The are 9 recommendations
1) Regulatory Powers & tools
2) General Regulatory Framework
3) Cross-border cooperation, coordination & information sharing
4) Governance
5) Risk Management
6) Data collection, recording & reporting
7) Disclosures
8) Addressing financial stability risk arising from interconnections and interdependencies
9) Comprehensive regulations of crypto-asset service providers with multiple functions
Bitcoin is below $30,000 & The total crypto market volume over the last 24 hours is $32.84B via CoinMarketCap. See slides 1 & 2 below for more information. NEWSBTC has reported that On-chain data shows that Bitcoin miners may have once again been participating in selling recently, something that could lead to the asset declining. Article here https://lnkd.in/d-YcFh28 Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share this in detail.
đĽ Chainalysis report finds that crypto crime is down 65% Overall, But ransomware is headed for a huge year thanks to the return of Big Game hunting. Listen to our podcast we discuss this in detail. Report here https://lnkd.in/dqfRYUdg
đ¨ Kansas City Chiefs star Patrick Mahomesâ Museum of Mahomes platform will drop 15,000 digital collectables this September. Decrypt has more info on this here https://lnkd.in/dqJB4t2W that states Kansas City Chiefs quarterback Patrick Mahomes has already won a pair of Super Bowl championships (and MVP awards) during his six NFL seasons, plus he was one of the first athletes to make a big NFT splash back in 2021. Now heâs diving back in with his own Museum of Mahomes NFT platform, extending the branding from his earlier drop.
đ¨ BlackRock ETF update:
The U.S. Securities and Exchange Commission has accepted the application for a bitcoin (ETF) filed by Blackrock. The move indicates the regulator is preparing to seriously consider a bitcoin ETF and could eventually set the stage for wider adoption of crypto assets and products. News via Bitcoin.com https://lnkd.in/d7F7dpzv
đ Two UAE news (See Slides)
⥠âThe Future of Generative AI in Media and Communicationsâ Program DUBAI FUTURE FOUNDATION Museum of the Future
⥠Why Crypto Companies Are Warming to the United Arab Emirates- Opinion by CoinDesk
For slides click here: https://tinyurl.com/546ptd9s
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To help support his channel: â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
17th July: Crypto & Coffee at 8 đď¸
đĽ Rippleâs XRP đ but Whatâs next? đ´Ron DeSantis vows to ban CDBCs âCoinbase to pause staking âCelsius Network fined $4.7B + Alex Mashinsky arrestedâ
đ¨ Ripple mentioned via Twitter XRP is not a security. This news has definitely pumped the price of XRP! And CEO Brad Garlinghouse says that a federal courtâs decision means that its crypto token XRP âis not a security,â giving the digital payments company more freedom to pursue various business opportunities. Info via Bloomberg https://lnkd.in/dunpkTCS
đşXRP has become the fourth-largest cryptocurrency by market capitalization this week after Rippleâs partial victory over the SEC. The price of XRP surged as much as 98% in the hours following the decision, reaching as high as $0.93 but down to $0.77
đ´ US Presidental candidate Ron DeSantis Speaking at the Family Leadership Summit on July 14, promised to ban CBDCs in the United States if elected president. Brilliant interview by Tucker Carlson via YouTube here https://lnkd.in/dpjGM6pV
đ´ Does he stand a chance against Trump? #Trump2024
đĽ Coinbase has decided to pause Staking in California, New Jersey, South Carolina and Wisconsin as these states said they would require changes to those services while its proceedings against such staking services move forward. U.S. Securities and Exchange Commission filed a lawsuit last month against the crypto exchange alleging that its retail staking service constitutes securities. More information via Cointelegraph on this here https://lnkd.in/dFP5v6DZ
â Celsius Founder Alex Mashinsky and former Chief Revenue Officer charged In connection with Multibillion-Dollar fraud and market manipulation schemes. Official news via United States Attorneysââ Offices Southern district of new york here https://lnkd.in/dhSvE3sF
-The announcement also states that Celsius Network LLC Accepts Responsibility and Pledges to Continue Cooperating
đ Simon Dixon has put an excellent video on YouTube discussing Why Alex Mashinsky is facing Up To 115 Years In Prison? A must-watch video here https://lnkd.in/dNySPRQd Check out our Blockchain DXBâs Crypto & Coffee at 8 podcast where we explore this news and give our commentary on it. We also share information about macro-level questions about #Defi, #stablecoins & more
đĽ Two UAE news
âĄCentral Bank of The UAE And Reserve Bank of India (RBI) Exchange Of Two MoUs To Strengthen Use Of National Currencies For Bilateral Trade And Link Payment And Financial Messaging Systems
⥠Al Masraf joins e& enterprise blockchain platform UAE Trade Connect
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
13th July: Crypto & Coffee at 8 đď¸
đťInflation 3% đťCrypto đ¨Binance BNB Beacon chain Hardfork đĽUS gov moves 10,000 #btc đŚ BlackRock Bitcoin ETF extreme surveillance
đ Inflation at 3%. CPI (Consumer Price Index) In June, the Consumer Price Index for All Urban Consumers increased 0.2%, seasonally adjusted, and rose 3.0% over the last 12 months, not seasonally adjusted Official & only source of information here https://lnkd.in/dZBYUEsx
đĽ How does this impact the price of Bitcoin?
- Unfortunately, the price is down by 1.28% & the global market is down after the inflation numbers announcement. Barronâs has continuously incorrectly published wrong information pertaining to Inflation & Bitcoin. This time they have posted Bitcoin Has Momentum as It Rises on Inflation Data. It Could Be the Push to $32,000. Article here https://lnkd.in/exMUbMuF
đ Bitcoin Fear and Greed Index is GREED (57) could this mean we may see a temporary improvement in the price of #BTC? Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we share our opinions on this
đĽ Binance BNB Hardork: âZhangHengâ
â The BNB Beacon Chain mainnet is expected to have a scheduled hard fork upgrade at block height 328,088,888. Official information here https://lnkd.in/eJd_G6gc
âđť The big question is who decided to have a hardfork? The Community or a Central entity?
â What will change with the blockchain feature?
- BEP-255:
- Bug Fix
đ¨ Binance said the action will impact âdownstream services such as bridges, deposits, and withdrawals on exchangesâ but the âdrastic actionâ is necessary to protect the chain and its users.
đ¨ According to a report by Cointelegraph, the U.S. Department of Justice) recently transferred around 9,825.25 Bitcoin, equivalent to approximately $299 million, from a cryptocurrency wallet. The transactions occurred on July 12 and resulted in the distribution of the Bitcoin to at least 101 new wallets. The purpose of these transactions is currently unclear. It is uncertain whether the Bitcoin was sent to exchange platforms for potential sale or if it remains under the custody of the Justice Department. https://lnkd.in/ecC65mnv
đĽ According to a recent article from CoinDesk, BlackRockâs application for a Bitcoin ETF introduces a heightened level of surveillance. It includes an Information-Sharing Agreement that goes beyond what is typically seen in public filings for Bitcoin ETFs. This agreement requires a cryptocurrency exchange to share trading data, including personal information such as a customerâs name and address. By doing so, it aims to provide regulators with more comprehensive insights into the market. https://lnkd.in/ePA8GAv7
2 UAE news
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 20th July via Eventbrite here https://lnkd.in/dFNaE_vT
⥠PESTLER analysis on Bitcoin on 20th July (Political, Economical, Social, Technological, Legal Environmental, Religious ) link https://lnkd.in/d3599Gic
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
12th July: Crypto & Coffee at 8 đď¸
đ¨ Coinbase VS and SEC this week Multichain hack: Insider job? Bitcoin Exodus 85,000 BTC withdrawn Crypto ATM crackdown in UK
đ° Coinbase and the U.S. Securities and Exchange Commission will meet in court this Thursday, at 10:00 a.m. ET (for a pre-motion hearing) the hearing may give us a sense of how the judge is looking at the case in its earliest stages.
đŚ CoinDesk has a great breakdown on this here https://tinyurl.com/yv95dnj2 Coinbase also argued that the allegations shouldnât even apply to its operations. The SEC was not swayed by this argument. In its response to the answer, the SEC said âCoinbase attempts to construct its own test for what constitutes an investment contract.â
đď¸Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we give a detailed breakdown on this!
đĽ Multichain attacker:
đ According to a recent report by Chainalysis, the attack is suspected to be an inside job since Multichain has recently experienced some notable issues unrelated to its protocol design, prompting public suspicions that insiders may have carried out this recent exploit. https://tinyurl.com/2su7tx7e
đĽ #btc Exodus
đ¨ Centralized crypto exchanges are facing the Bitcoin drain, which is definitely a good thing & DEX vs CEX dominance is currently at 11.62%.
đ§ Financial Conduct Authority is proceeding with efforts to shut down all
Bitcoin ATMs âillegally operatingâ in the country. After more inspections in
the past couple of months, the watchdog vowed to continue to take action
against operators of unregistered crypto teller machines. The inspections have been carried out by South West Regional Organized Crime Unit, Bedfordshire Police, Hertfordshire Police and Crime Commissioner, and the Metropolitan Police. https://tinyurl.com/3kmh854k
đ Two UAE news (See slides)
⥠Dubai Reprimands Middle East Crypto Exchange BitOasis
⥠Saudi AI project helping to preserve Red Sea marine life KAUST (King Abdullah University of Science and Technology) We discuss how Blockchain & NFT can help this cause
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
11th July: Crypto & Coffee at 8 đď¸
đ´BRICS Google Trendsđ US dollar spikesđ $500M in #BTC Funds (Glassnode + CoinShares)đ° United Nations Ai Robot press conferenceđ¤
đ´ BRICS Recent data from Google Trends reveals a surge of interest in the BRICS, with search terms such as âBRICS,â âde-dollarization,â and âBRICS currencyâ reaching their peak scores last week, signifying widespread curiosity on a global scale. Bitcoin.com has reported that According to Google Trends (GT), the search term âBRICSâ skyrocketed to a perfect score of 100 out of 100 on July 3, 2023. The day before, the search term âBRICSâ garnered a score of 72 out of 100. https://lnkd.in/dqjv_y9h
đľ Bloomberg just released a video via YouTube a few minutes ago stating the The US Dollar Has Peaked https://lnkd.in/dHPCJNCG This would play a crucial role tomorrow as the CPI numbers will be out. So the big question is now is. Where does Bitcoin fit into all of this? History has shown Bitcoin to be inversely correlated with the U.S. dollar Are we heading into Stagflation?
đď¸ Check out Blockchain DXBâs crypto & coffee at 8 podcasts where we share our thoughts & opinions on this
đ Monday Tech data:
- Glassnode weekly insights here https://lnkd.in/dqU_jjiq & CoinShares blog via Medium https://lnkd.in/dUXrVFsr has a weekly snapshot of money flowing in Bitcoin
Decrypt has a great summary here https://lnkd.in/dxRWdZic which states Institutional investors have put half a billion worth of assets into digital asset investment products mostly ones that hold Bitcoin in the last three weeks & digital asset investment products registered $136 million in inflows in the past seven days, bringing the 3-week total to $470 million.
Glassnode insights also noted that exchange inflows are at a cycle low, registering $2.3 billion in deposits. In conjunction with todayâs CoinShares report, these numbers suggest that institutions might be bullish.
đ¨ United Nations held a robot press conference about the state of AI
The AI for Good global summit hosted by the U.N. tech agency invited a panel of robots and their creators to a press conference to answer questions from reporters. Cointelegraph has reported that a panel of robots and their creators sat in front of the press to answer journalistsâ questions on topics such as job automation, artificial intelligence (AI) leadership and collaboration with humans for a better future. Article here https://lnkd.in/dscDVHUN
đ Two UAE news (See slides)
⥠NEOPLY becomes the latest South Korean innovator to establish Abu Dhabi HQ with ADIO support
⥠Emirates Group opens a new innovation centre featuring AI, VR and 3D products.
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
10th July: Crypto & Coffee at 8 đď¸
đ CPI/ Inflation numbers on 12th âStablecoin freezes $65M đ Robert Kennedy Jr holds Up to $250K in Bitcoin đ° Tom Brady lost $30M in FTX
đ¨12th July: Inflation numbers, Consumer Price Index will be released by Bureau of Labor Statistics here https://www.bls.gov/cpi/ How will this news impact the price of #BTC & #cryptocurrency CoinpediaâââCrypto & Fintech News Media has great point that states day traders can use CPI data to their advantage. They can long or short Bitcoin during market dips or highs, often triggered after CPI news, and sell when the market stabilizes, turning a profit. Article here https://lnkd.in/dKJgEZvM
⥠Circle, Tether.to freezes over $65M in assets transferred from Multichain Cointelegraph has reported that Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on July 6. Article here https://lnkd.in/ductbVjA
đď¸ Fantom Foundation mentioned via Twitter: Tether. to has frozen these accounts with >2.5m USDT on Ethereum transferred from Multichain: And have also mentioned Tether has frozen these accounts with >2.5m USDT on Ethereum https://lnkd.in/di6tBCMX
đ US Presidental candidate Robert Kennedy Jr Promises to Protect Your Right to Use and Hold Bitcoin as President his quote âAs president, I will make sure that your right to use and hold Bitcoin is inviolableâ Bitcoin.com has reported that he accepts Bitcoin donations for his presidential campaign, also recently slammed the U.S. Securities and Exchange Commission (SEC) for protecting banks instead of the American people. Article here https://lnkd.in/dKreT6Yk
đľ CNBC provides misleading information which states RFK Jr. bitcoin investment raises ethics concerns https://lnkd.in/daGzJWtX as opposed to his stance on promoting Bitcoin.
đ We strongly recommend following him on Twitter a must-watch video here https://lnkd.in/dQWiuqZs Check our podcast where we share his stance on CBDC
đ Tom Brady has reportedly lost $30m in the collapse of cryptocurrency company FTX. Under an agreement the retired NFL quarterback made with FTX in 2021, he received $30m in now-worthless stock for his work pitching the company in television ads and at its conference, The New York Times reported Friday Article here https://lnkd.in/d--x6dv5
đ´ Two UAE news (See slides)
âĄAbu Dhabiâs AIQ joins NVIDIA Inception programme to boost the development of AI solutions
⥠MBZUAI (Mohamed bin Zayed University of Artificial Intelligence), Etihad Airways sign MoU to unlock the potential of AI
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
06th July: Crypto & Coffee at 8 đď¸
đťGlobal Crypto Fear but Greed Index đşâđťWeb3 Losses $656m, âBinance Labs Aus under scrutiny đ´Spill and Threads, new Twitter rivals
đThe Fear & Green Index is at 63 (GREED) via CoinMarketCap but the global crypto market has been slightly down since the last 24 hours.
Glassnode weekly insights discuss The Surge in Liquid Staking. Their insight states Since the Ethereum Shanghai upgrade, a very clear market preference for liquid staking tokens has emerged. Lidoâs stETH maintains an impressive dominance, with DeFi capital flows suggesting it has become a preferred collateral asset. Detailed info here https://lnkd.in/dzTYmbN7 Also see slides 1 & 2 below we cover this daily in our podcast so check out Blockchain DXB Crypto & Coffee at 8 podcasts where we discuss this in great detail and we also share commentary on #defi, #stablecoins, latest trends & more
đ¨ Web 3.0
â Beosin Web3 security has reported that In the first half of 2023, the Web3 industry lost as much as $656 million to hackers, phishing scams and the so-called rug pulls. Info here https://lnkd.in/dtjMVMv5 The report shows
- Hackings alone accounted for approximately $471 million, nearly 72% of the total losses
- Phishing scams accounted for almost 17% of the total losses ($108.3 million)
- Rug pulls, which rocked decentralized finance in 2021, accounted for the remaining $75.87 million.
â Binance is under increased scrutiny as Australiaâs financial regulator reportedly conducted office searches. Last Thursday Australiaâs financial markets regulator, the Australian Securities and Investments Commission (ASIC), reportedly conducted searches at the exchangeâs local offices of Binance in Australia Bloombergâs article states The move is part of an ongoing investigation into the now-defunct local derivatives business of the exchange Article here https://lnkd.in/dTzEEYBh The sources have not been confirmed yet though.
đľ Twitter competitors: Spill and Threads
đˇ Meta is set to launch Threads, an app similar to Twitter. Threads.net is launching in less than 24 hours âThreads, an Instagram Appâ, the text-based conversation app will be linked to a userâs Instagram account.
đˇ Spills: Decrypt has reported that The Spill app is the brainchild of two former Twitter executives, Alphonzo âPhonzâ Terrell and DeVaris Brown, who told AfroTech that they are building this app with the help of a diverse team of developers training Spillâs artificial intelligence to better detect abusive user behaviorhttps://lnkd.in/du4JcPYA
â Will they use Blockchain technology or will a Centralised entity be better? Would be cool if they have micro-tipping features connected with Lightning Network
đ Two UAE news (See slides)
⥠UAE free zone teams up with The HBAR Foundation to support Web3 startups Cointelegraph
⥠Global Millennial Capital Launches Web3 Accelerator Program Aiming at Investing in Pre-Seed to Series A Companies Andreea Danila
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
05th July: Crypto & Coffee at 8 đď¸
đ¨ Cameron Winklevoss đ Barry Silbert đľ CBDC for bus rides in China â BlackRock refiles application đ Fear & Greed Index at 61 GREED
đ¨ Gemini VS Digital Currency Group
đĽ Cameron Winklevoss has published An Open Letter to Barry Silbert via Twitter here https://lnkd.in/dNWtyxva Itâs 229 days since his initial letter. And the Founder and CEO of crypto exchange Gemini, Cameron Winklevoss, is again threatening to sue Digital Currency Group (DCG) and its CEO Barry Silbert over delays in resolving the issue of funds owed to Gemini by bankrupt lender Genesis, slamming the CEO for allegedly trying to play the victim card. He also mentioned, âNot even Sam Bankman-Fried was capable of such delusion.â
â He also offered Best and Final Offer later on July 3, 2023, Athat equates to a total of $1.465 billion. Details below
- $275 million due on Plan Support Agreement (PSA)
Effective Date.
- Debt Tranche 1: $355 million due in 2 years from PSA Effective Date.
- Debt Trance 2: $835 million due in 5 years from PSA Effective Date
đ¤ Does this offer aim to resolve the situation and provide a fair outcome for all parties involved?
đď¸ Check out Blockchain DXBâs podcast we discuss the drama in detail as it also includes Genesis Exchange which filed for bankruptcy & quite a lot more
đ´ China: CBDC
đĽ Cointelegraph has reported that the Chinese city of Jinan accepts CBDC payments for bus rides & the city of Jinan is pushing for CBDC adoption by implementing digital yuan payments across its entire bus network. In its pilot phase, the city tested the introduction of CBDC payments on two bus lines. Following the trial period, the city has announced that it has implemented a new payment method for its entire bus network. Brilliant use case of using CBDC
đ BlackRock has re-filed for spot bitcoin ETF, the resubmission was dated 6/29, and They also added Coinbase like everyone else. Also important to note Nasdaq has updated this filing, not BlackRock but itâs BlackRockâs ETF at the end of the day. Info via Twitter here https://lnkd.in/dQtQZF_f Along with Blackrock Fidelity Investments have also refiled their applications
âFear & Greed Index at 61 GREED will this change as and when we hear developments surrounding Bitcoin Spot ETF?
đ¨ Two UAE news: (See slides)
⥠Islamic Coin Official secures an additional $200mln from ABO Digital
⥠Saudi Arabia ranks first globally in Government Strategy Index for AI Arabian Business
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âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
04th July: Crypto & Coffee at 8 đď¸
đ¨ Cboe Bitcoin Spot ETF update âThailand bans crypto âBelarus to bans ban P2P Crypto â˝Christiano Rolando NFT collection on Binance
đ¨ Bitcoin Spot ETF update
đ¸ Last week the Security Exchange Commission dismissed the ETF application as Inadequate. The SEC told Cboe it needed to name its partner earlier Friday.
đ Cboe Global Markets BZX Exchange named crypto exchange Coinbase as the market for its surveillance-sharing agreement when it refiled its spot bitcoin exchange-traded (ETF) fund applications. The Official filing is here https://lnkd.in/deSBDbTN
đ° According to The Wall Street Journal on the 30th of June, the U.S. Securities and Exchange Commission told both Nasdaq and Cboe that their applications were âinadequateâ because they didnât name the market that the fund sponsors are working with on their surveillance-sharing agreements,
â Important to note The regulator still has to formally acknowledge it is reviewing the applications. The SEC will kick off an initial 45-day review period when it publishes the filings in the Federal Register the national logbook but can extend this to a total of 240 days. The prices of Bitcoin will significantly be impacted around these dates
đ¨ Cointelegraph has reported that the Thai SEC bans the use of customer crypto assets for lending and investment. Securities and Exchange Commission, Thailand has issued new rules for digital asset service providers focused on investor protection. Official news here https://lnkd.in/drQ_MShD Check out the Blockchain DXB podcast where we share our commentary on this. We also take a deep dive into the price of #BTC, #cryptocurrencies, In-depth discussion on the state of #stablecoins #Defi & more
â Belarus also wants to ban P2P cryptocurrency transactions
- The Ministry of Foreign Affairs of the Republic of Belarus cited a high crypto crime rate for banning all citizens from exchanging Bitcoin with each other. Official news via Telegram Messenger post here https://lnkd.in/dfQD8D9H
- Cointelegraph states The authority cited a high cybercrime rate in Belarus, stating that local prosecutors have suppressed the activity of 27 citizens providing âillegal crypto exchange servicesâ since January 2023. Their total illegal revenues amounted to nearly 22 million Belarusian rubles ($8.7 million). Article here https://lnkd.in/dupEVN2C
â˝ The GOAT Christiano Rolando NFT collection on Binance. Set to launch on July 3, this new collection will present a diverse selection of 20 unique designs that symbolize significant milestones from Ronaldoâs impressive journey. More info via NEWSBTC here https://lnkd.in/dUxe3fbG
đ¨ Two UAE news: See slides for more info
⥠Metaverse could contribute up to $38 billion to Saudi economy: A report by Arab News
⥠The AI Frontier- New podcast launch by Blockchain DXB
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
03rd July: Crypto & Coffee at 8 đď¸
đ´ SEC Dismisses Spot Bitcoin ETF đľKraken Digital Asset Exchange: User Data to IRS đ Celsius Network: Converts altcoins into BTC or ETH
đľ U.S. Securities and Exchange Commission has dismissed the latest Spot Bitcoin ETF Applications as Inadequate What does it mean for the price of #BTC & #cryptocurrency? What is the procedure and what happens next?
đĽ The Wall Street Journal has reported SEC Says spot Bitcoin ETF filings are Inadequate. As per the article, the Regulator tells Nasdaq, Cboe Global Markets that applications from BlackRock, Fidelity Investments and others arenât clear and comprehensive. Article here https://lnkd.in/ddpYk8c4
â Itâs important to note. A spot Bitcoin ETF does not yet exist in the U.S. because the SEC has been reluctant to approve one. And the SEC claims that the price of Bitcoin being open to manipulation is one of the main reasons.
đď¸ Check out Blockchain DXBâs crypto & coffee at 8 podcasts where we share our thoughts & opinions on this & more
đ Kraken Copywriter Digital Asset Exchange has been ordered by the court to disclose user data to IRS for tax compliance & is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year. Official order by the United States District Court Northern District of Columbia here https://lnkd.in/d_WqWGk6
đ¸ The details required are names (real or pseudonyms), birthdates, taxpayer identification numbers, addresses, phone numbers, email addresses and various other documents. Cointelegraph has reported that Kraken will be required to release blockchain addresses and transaction hashes, which are already included in the transaction data available for sharing. The exchange may also be asked to provide raw data to the IRS. Article here https://lnkd.in/dWYNUK2A
đ¨ Celsius Network can now convert altcoins into BTC or ETH. The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Networkâs plan to convert its altcoins into Bitcoin BTC or ETH
â What does it mean? Cointelegraph states the liquidations will pave the way for the distribution of the funds to creditors in the near future. https://lnkd.in/dQnCNhJ3
â OpenAIâs chatGPT accounts were discovered on Darknet markets! Bitcoin.com has reported that Cybersecurity researchers Group-IB have found tens of thousands of devices storing Chatgpt credentials that have been infected with info-stealing malware. The account details have ended up being sold on the dark web, they said, pointing out that the Asia-Pacific leads by a number of such offers. Article here https://lnkd.in/dAyzG7ut
đ¨Two UAE news: (See slides)
⥠Swiss Bank Julius Baer to expand Crypto Ambitions with Dubai License
⥠UAE-backed biotech company trials drug designed by artificial intelligence Insilico Medicine
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
29th June: Crypto & Coffee at 8 đď¸
đ MicroStrategy buys over Bitcoins đ´Tether.to USDT signs MoU with Georgia ⥠Staked ETH surpasses 23 million đ Bitcoin Google Trendsđ
đ Accumulation of Bitcoin among Multibillionaires, Celebrities, Early Adopters & influencers is not ideal for Peer to Peer electronic cash system. MicroStrategy has continued its Bitcoin-buying spree and now holds 152,333 digital coins today worth $4.5 billion. Official filing here with the us Security Exchange Commission https://lnkd.in/d3PzpFnu
đ¨ Michael Saylor mentioned via Twitter MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin . As of 6/27/23 MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR
â BlackRock one of the worldâs preeminent asset management firms and a premier provider of investment management can quickly force Michael Saylor to switch the POW to the POS mechanism if needed. Important to note Michael Saylor is actively involved in Crypto Council Innovation & Larry Fink, CEO of BlackRock has often focused on ESG issues when it comes to Bitcoin mining
đ Google Trends for #BTC
đ¸ Since news is circulating regarding BlackRock filing its spot bitcoin ETF. the popularity of the term âbitcoinâ has surged significantly, as indicated by Google trends metrics. Bitcoin.com has reported that On June 21, 2023, the search term bitcoin achieved a perfect score of 100. Notably, the curiosity surrounding bitcoin-related news has also experienced a notable uptick this past month. In particular, topics such as Blackrockâs exchange-traded fund (ETF) have contributed to the heightened interest in the subject matter. Article here https://lnkd.in/d-zDG5rS
The Top 5 associated searches
- Blackrock
- Blackrock Investment Management Company
- SEC
- ETF
- âBlackrock Bitcoin ETF
đ´ Tether.to Signs MOU with Government of Georgia to Develop Blockchain and Peer-to-Peer Infrastructure to Foster Innovation Official news here https://lnkd.in/dTx-vhep This strategic collaboration aims to foster a thriving startup ecosystem, attract international investment, develop educational programs, and enhance the countryâs infrastructure to promote innovation and economic growth in the blockchain space.
đ˘ Ethereum news
đ Staked ETH surpasses 23 million According to data from analytics firm Nansen, a total of 23.3 million Ether was staked as of June 27, amounting to $43.1 billion at the time of writing and representing nearly 20% of the current $220 billion supply of ETH
đ´ Two UAE news (See slides)
âĄAbu Dhabi: A Wealthy Middle-East Capital Creating a Bridge From TradFi to Crypto Article by CoinDesk
⥠Bybit Granted MVP License from Dubaiâs Virtual Assets Regulatory Authority
Check out Blockchain DXBâs Crypto & Coffee at 8 for our commentary on this & more.
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
28th June: Crypto & Coffee at 8 đď¸
đ˘ Bitcoin Cash BCH up by 112.06% đ$26 Million in Crypto seized Linked to Terraform Labs â WTF is Web3â- survey by YouGov & Consensys đ°MosaicML, NoTraffic, and CalypsoAI raise $2 Billion
đŠ Bitcoin Cash is up by over 100% in the last 7 days CoinDesk article states that the latest technical improvements and a listing on EDX Markets have likely fueled trading interest in bitcoin cash tokens. The technical updates ie CashTokens could be used for various applications, from payment stablecoins and commodities to gift cards and event tickets.
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we explore this news in detail. We also look at the global crypto market, #defi, #stablecoins and more
đś Terraform Labs update:
đŽđť Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were confiscated from Sygnum Bank, a crypto bank based in Zurich. The U.S. Securities and Exchange Commission is said to have played a significant role in this operation. News via Digital Asset, a South Korean news publication here https://lnkd.in/dbrmxccF
đ´ What happens to the fund seized?
đĄ WTF is Web 3.0?
đ YouGov & Consensys conducted a global web3 perception survey in 15 countries across all continents. This multi-country study aims to provide a global and regional view of the perceptions people have around crypto, NFTs, Web3, blockchain, and the metaverse It also aimed to understand peopleâs feelings about the current internet and whether or not recent centralized financial crypto company bankruptcies have affected the sector. The full report and country-specific summaries are available for download here https://lnkd.in/d9gR8YKG
â Key highlights from the survey are
- Only 24% of people worldwide are familiar with the concept of web3.
- Data privacy is considered important by 83% of respondents globally.
- 79% of individuals desire greater control over their online identity.
- Around 67% of people believe they should have ownership of their digital creations.
- Crypto is known by 92% of respondents globally and is often associated with the âfuture of money.â
- In the UK, 76% of respondents have never owned an NFT, while in Vietnam, only 24% havenât tried it.
đ° MosaicML, NoTraffic, and CalypsoAI raise $2 Billion signalling an intensified interest from investors in the dynamic and profitable AI sector. More information via Decrypt here https://lnkd.in/d4WuUSNA
đ¨ Two UAE news: (See slides)
⥠Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial PowerâââArticle via CoinDesk
⥠HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum launches Dubaiâs Digital Strategy, along with a range of new digital projects Government of Dubai Media Office
For slides click here: https://tinyurl.com/2ybr6kse
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
27th June: Crypto & Coffee at 8 đď¸
⥠Lightning Network new recordđ HSBC allows trading #BTC &, #Eth ETFs đ ď¸ Technical analysis by Glassnode đŚ Swiss CBDC = Real Money?
đ§Ąđś Lightning Network NOT Blockchain narrative is a momentum slowly but gradually picking up the pace. On the 24th of June, the Lightning Network attained an apex in capacity, hitting 5,630 BTC. This figure surpasses the prior peak of 5,620 BTC recorded on April 18. Concurrently, the networkâs US Dollar capacity also reached an all-time high, topping $172 million. NEWSBTC has reported that Lightning Networkâs capacity has grown significantly, increasing 42% in Bitcoin and 105% in US Dollar terms over the last 12 months. Article here https://lnkd.in/dq6yH6j3
â Is this a testament to the ongoing acceptance and utilization of the Lightning Network in the crypto world?
đ¨ David Marcus, CEO of enterprise-grade Lightning Network firm Lightspark, emphasized the importance of expanding the networkâs infrastructure and capacity. Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we discuss this in detail
đŚ HSBC: Crypto Trading
Cointelegraph has reported that three crypto ETFs listed on the Stock Exchange of Hong Kong are now reportedly available for trading at Hong Kongâs largest bank. HSBC will specifically offer cryptocurrency ETFs listed on the Stock Exchange of Hong Kong. At the time of writing, the exchange lists three crypto ETFs, including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF and Samsung Bitcoin Futures Active ETF. Article here https://lnkd.in/dp3mnWHk
â How will this news impact the price of Bitcoin?
đ ď¸ Glassnode weekly report tries to measure the available supply and assess how demand impacted valuations in past cycles. The report also looks at sentiment analysis between USA and Asia. The insight here https://lnkd.in/d5a_uCK9. We try to explain this at a very basic level in our episode today
đŚ Swiss National Bank Chairman Thomas Jordan said on Monday that the institution will soon issue a central bank digital currency (CBDC) for wholesale payments on the countryâs SIX Digital Exchange. Reuters has reported that The experimental Swiss CBDC is designed for use by financial institutions and will be part of a pilot program, he said at the Point Zero Forum in Zurich, Switzerland Article here https://lnkd.in/dpPF-eRU
â Important to note he said âThis is not just an experiment, it will be real money equivalent to bank reserves,â & âThe objective is to test real transactions with market participants.â Check out our event on 21st July we will explore this & more about CBDC
đ¨ Two UAE news ( See slides)
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & Role in the Metaverse 27th July event by Blockchain DXB via Eventbrite registration link here https://lnkd.in/d7u2RdAg
⥠Abu Dhabiâs ADNOC Group, AI firm G42 plan IPO of technology joint venture AIQ
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
26th June: Crypto & Coffee at 8
đ Bitcoin Leveraged ETF đ¤ J.P. Morgan JP Coin (Software NOT Blockchain) live in Europe đ #BCH & #PEPE to the moon đ° South Korean $5.3 B investment in AI
đ Volatility Shares 2x Bitcoin Strategy ETF (BITX) is scheduled to launch on the Chicago Board Options (CBOE) BZX Exchange next Tuesday, June 27. On the 23rd, the U.S. Securities and Exchange Commission approved the first leveraged Bitcoin futures exchange-traded fund (ETF). Official filing here https://lnkd.in/dQBjsbsV
â What the Falafel is a Bitcoin Leveraged ETF?
đ¸ Decrypt has mentioned that The BITX fund will be a leveraged ETF.
- Leveraged funds use debt or financial derivatives in this case, Bitcoin futures
- As leverage to amplify the returns of a benchmark index.
- Leverage can mean short-term gains for investors, but it can also lead to big losses.
đď¸Check out Blockchain DXBâs Crypto & Coffee at 8 podcast where we explain what is the ETF that goes live on 27th June & the impact on the price of Bitcoin & Cryptocurrencies. We also give our commentary on #defi #stablecoins & more.
A bitcoin spot ETF, however, would invest in the digital currency directly.
đľ J.P. Morgan starts Euro Blockchain Payments for Corporates ( with software NOT Blockchain) More info via Bloomberg https://lnkd.in/dCsZXTyW
â The JPM Coin transaction was conducted by Siemens AG, the large Germany-based conglomerate, in a Euro-denominated payment on JP Morganâs âpermissionedâ blockchain. Important to note JPM Coin is only made available to its institutional clients, and only for settling payments. This was the first Euro-denominated JPM Coin transaction.
âď¸ The project is now four years old, & transactions made using the JPM Coin add up to about $300 billion. According to JP Morgan, it processes about $9.8 trillion in daily payments.
â What is the difference between Open Blockchain & Permissioned Blockchain?
Andreas M. Antonopoulos has a great video explaining The Pillars of Open Blockchains via YouTube here https://lnkd.in/dQCADsSU
- Open Source (JP Coin â )
- Permissionless (JP Coin â )
- Censorship resistant (JP Coin â )
- Neutral (JP Coin â )
- Borderless (JP Coin â )
- Publicly verifiable (JP Coin â )
đ° Yahoo Finance has reported that Amid the explosive growth of the AI industry, South Korean mobile giant KT formerly known as Korea Telecom has asserted its position as a frontrunner in the sector, announcing its plan to invest $5.3 billion (7 trillion won) in AI service research and development over the next five years. Article here https://lnkd.in/dyB4Ypi5 & official news report here https://lnkd.in/dDWVfM7n
đ¨ Two UAE news (See slides)
⥠VARA Publishes Clarification and Further Information on Fees
⥠SDAIA | سداŮا harnesses AI system to facilitate pilgrimsâ entering procedures into Saudi Arabia to perform Hajj
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
22nd June: Crypto & Coffee at 8 đď¸
đ Bitcoin & Shitcoins đ Federal Reserve Board: More rate hikes âĄThree Arrows Capital Limited founders are back đ¨Bitcoin mining industry update
đş #BTC has crossed $30k but the most significant gainers since the last 24 hours are #pepecoin, #BCH #CFX (Confulx) they have been up over 20% since the previous 24 hours. Check out Blockchain DXBâs Crypto & coffee at 8 podcast to know more.
Two macro-level reasons why the price is moving upwards
- BlackRock Bitcoin Spot ETF news
- US Debt limit has been increased
â Chair of Federal Reserve Board Jerome Powell told U.S. lawmakers âInflation pressures continue to run high, and the process of getting inflation back down to 2 per cent has a long way to go,â & it may make sense to move rates higher but to do so at a more moderate pace,â This news might temporary dump the price of crypto? His testimony to Congress can be found here https://lnkd.in/dWdNJn9F
đ¤ The founder of Three Arrows Capital Limited ie 3AC Ventures is focused on superior risk-adjusted returns without leverage.
â Cointelegraph has reported that On June 21, Open Exchange (OPNX), a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed â3AC Ventures.â According to developers, âthe partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future.â OPNX was founded by Su Zhu and Kyle Davies, who co-founded the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC). Article here https://lnkd.in/dWw_igaF
đĽ Important to note in February Dubaiâs VARA officials said they issued OPNX and its founders with a Cease and Desist order, which resulted in some restrictions being applied regarding residents of Dubai and the rest of the United Arab Emirates (UAE)
đ´ Bitcoin mining industry update
â Bitcoin Miner Core Scientific Files Chapter 11 Plan Finance Magnates has reported that The publicly listed crypto miner plans to repay secured creditors in full. It said it had seen a boost in its mining business due to improving Bitcoin prices. Article here https://lnkd.in/dFwVMMac Check our podcast for today we share our opinions and commentary on it.
â CleanSpark buys two Bitcoin mining campuses for $9.3M. They have entered into a definitive agreement to purchase two turnkey mining campuses in the U.S. state of Georgia. They are moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin mining facilities in a $9.3 million cash deal. Official info here https://lnkd.in/dxwxNGa2
đ´ Two UAE news ( Events)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB
20th July, Link via Eventbrite here https://lnkd.in/dFNaE_vT
⥠PESTLER analysis on Bitcoin on 20th July (Political, Economical, Social, Technological, Legal Environmental, Religious ) registration link here
https://lnkd.in/d3599Gic
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
21st June: Crypto & Coffee at 8 đď¸
đ Stacks (STX) to the moon đŚ Deutsche Bank: Crypto license đĽMetaverse is Coming to Bitcoinâ NFT buyers surge 95% âď¸ Nike brings.SWOOSH to Fortnite
đşStacks is the highest gainer since the last 24 hours and is up by 27% since the last 24 hours. Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we look at Stacks in detail. We also look at the global crypto market and share our opinion about the state of #DEFI, #stablecoins, #NFT & more.
đŚ Deutsche Bank has applied for a license to offer a crypto custody service. The largest bank in Germany is seeking regulatory approval to offer custody services for digital assets, including cryptocurrencies. A Deutsche Bank executive David Lynne explained that the digital asset move is part of the giant lenderâs broader strategy to boost fee income. It has as submitted an application to the countryâs Federal Financial Supervisory Authority (BaFin) seeking regulatory approval to offer custody services for digital assets, including cryptocurrencies. Info via Bloomberg here https://lnkd.in/ducJX3qA
đ¤ Bitmap Theory: Metaverse on Bitcoin Blockchain?
â Decrypt has posted an article The Metaverse is Coming to Bitcoin, Declares Bitmap Theory. The project revolves around the idea that people can own individual blocks, leading to an inscription frenzy.
â Bitmap offers a way for individuals to claim ownership over Bitcoin blocks. According to its pseudonymous creator, Bitoshi Blockamoto, the open-source standard could integrate any block into a part of the metaverse.
đ¨ NFT news
Bitcoin.com has reported that NFT) sales for this week have experienced a rise of 11.60% compared to the previous week. Moreover, the number of individual buyers purchasing NFTs in the past seven days has jumped 95.20%, reaching a total of 664,096 buyers. According to data from cryptoslam.io on June 20, 2023, the past week has seen a modest increase in NFT sales, with a recorded total of just over $146 million. https://lnkd.in/dhkN9Ud8
⥠Woke retail giant Nikeâs Web3 community platform .SWOOSH has teamed up with the popular online multiplayer game Fortnite to offer a virtual experience that will reward players with digital sneakers. This brings a massive audience for Nikeâs.SWOOSH with over 240 million users logging into Fortnite in the past 30 days alone. More info via CoinDesk here https://lnkd.in/dhkN9Ud8
đ¨ Two UAE news: (See slides)
⥠Abu Dhabi University hosts its first 5ireChain Web3 and Blockchain Hackathon to advance studentsâ future-proof knowledge
⥠Dubai Centre for AI to establish dedicated taskforces within 30 government entities Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮŘĽŮ
اعاتâââŮاŮ
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
20th June: Crypto & Coffee at 8 đď¸
đ´ Project Rosalind by Bank for International SettlementsâââBIS đTechnical analysis by Glassnode đ ď¸ Bitcoin Mining Difficulty â Binance UK cancelled
đ¨ Project Rosalind: CBDC with Smart Contracts
Bank for International SettlementsâââBIS mentioned via Twitter from the #BISInnovationHub London Centre & Bank of England, explored how a universal and extensible #API layer could connect central bank and private sector infrastructures and facilitate retail #CBDC payment. The project is named after British scientist Rosalind Franklin, whose work was key to understanding DNA sequencing. Info here https://lnkd.in/dmibVD24
đ¨Itâs important to note The project is purely experimental and does not reflect any intentions by the Bank of England on CBDC policy, design or launch.
đ Glassnodes weekly insight states Volatility, volumes, and realized values are at multi-year lows, indicating that Bitcoin investor apathy is firmly in play. But HODLers continue their classic slow and steady accumulation, with the halving now less than 1yr away. Info here https://lnkd.in/d_2rQMjW
đď¸ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts we share our
thoughts on this. We also explain Circle USDC and look at its history & drama with Binance BUSD & more
đ Bitcoin Mining Difficulty
- The Bitcoin network has witnessed a consecutive surge in mining difficulty during the past three retargets, and now a fourth increase is slated for June 27, 2023. The block generation time, averaging less than ten minutes indicates that the difficulty is projected to climb by an estimated 2.1% to 2.33% based on the latest statistics. Info via Bitcoin.com here
https://lnkd.in/dqxAZHMF
đ Bitcoin Ordinals Inscription adds data to transactions, causing the mempool to fill up and increasing transaction fees. This attracts more miners, making mining more difficult. The mining difficulty adjusts every 2016 block, around every two weeks, to maintain a stable block generation rate.
â Binance UK
- The UK subsidiary of Binance has cancelled its registration with the Financial Conduct Authority (FCA). Official news by FCA is here https://lnkd.in/dNemk3_Y. Now Binance UK can no longer provide regulated activities and products. Looks like 2023 is turning out to be one of the worst years of Binance
âImportant to note Binance BUSD market cap is now down to $4.29Bâ
Two UAE news: (See news)
DIFC to build campus set to attract over 500 AI and Web 3.0 companies
Tuwaiq Academy | ŘŁŮادŮŮ
ŮŘŠ ءŮŮŮ Academy launches metaverse training camps in Riyadh
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
19th June: Crypto & Coffee at 8
đŚ BlackRock Bitcoin ETF đ§ General AI worth $4T 3ď¸âŁ Binance NEWS 1) Money laundering in France 2) an Update on Binance US Bitcoin 3) Fake Binance in Nigeria đ12M Bitcoin Ordinals Inscriptions
đ Bitcoin recorded over 12 million Ordinal Inscriptions, Bitcoin miners, have now accumulated 1,732 BTC equivalent to $46 million using todayâs exchange rates, news via Bitcoin.com
đľ BlackRock the worldâs biggest asset manager, on Thursday, filed for a bitcoin ETF that would allow investors to get exposure to cryptocurrencies, as the asset class comes under intense regulatory scrutiny.
đš Reuters has reported that BlackRockâs iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and Exchange Commission (SEC). The U.S. regulator has yet to approve any applications for spot bitcoin ETFs. https://lnkd.in/dMx_2wUd
đ How the hell does it help Bitcoin? It doesnât cause A spot Bitcoin ETF would track Bitcoinâs underlying market price. Proponents say an ETF would give investors exposure to Bitcoin without directly buying it. But in anticipation of the news the price may pump up
đ McKinsey & Company report states The next productivity frontier is AI. Generative AI is poised to unleash the next wave of productivity. The report states Generative AIâs impact on productivity could add trillions of dollars in value to the global economy. Our latest research estimates that generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually across the 63 use cases we analyzed. More info here https://lnkd.in/dByW8K8p
â Binance: France
Binance is under Investigation in France for âAggravatedâ money laundering
More info via CoinDesk here https://lnkd.in/dfDWkM-D Binance is suspected of illegally providing digital asset services to local customers and implementing poor money laundering checks, the Paris public prosecutor told CoinDesk
â
Binance: USA
- A federal judge signed off on a temporary agreement between the (SEC), Binance and Binance U.S. affiliate to have Binance.US take steps to ensure only local employees can access customer funds as the regulator and companies work through an SEC lawsuit. The official agreement is here https://lnkd.in/d5Dm-3RS Binance.US Support
âď¸ Binance: Nigeria
Changpeng Zhao, CEO of Binance mentioned via Twitter â Binance has issued cease & desist notice to the scammer entity âBinance Nigeria
Limitedâ. Donât believe everything you read in the news. His tweet here
https://lnkd.in/dNRUPzRX
đ¨ 2 UAE news (See slides)
⥠OKX Middle East Receives MVP Preparatory License From VARA in Dubai
âĄSaudi Data and AI Authority recognized for achieving maturity in software development
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
15th June: Crypto & Coffee at 8 đď¸
đą Stablecoin accounts for 99.90% of the global crypto volumeâââCoinMarketCap đ¨ Apple rejects Bitcoin wallet Zeus đĽ Worldâs Largest human Bitcoin logo
đš Stablecoin Volumes
â CoinDesk has reported that Millions worth of tether (USDT) stablecoins appeared to be selling off on popular Uniswap and Curve pools earlier morning, sparking early signs of concern among traders. USDT balances on Curveâs popular 3pool, a stablecoin swapping pool made up of USDT, USDC, and DAI, rose to over 72% early on Thursdayâââsuggesting traders had exchanged tens of millions of USDT in favour of stablecoins USD coin (USDC) and dai (DAI). Article here https://lnkd.in/dBmTJfUQ
đď¸ Check out Blockchain DXBâs Crypto & Coffee at the podcast we share some crucial info about the Global market, deep dive into #stablecoins, #defi, market cap & quite a lot more.
đť Crypto Fear & Greed Index at 41 Fear: The crypto market has seen worse sentiments than these, hopefully, we bounce back in the 3rd & 4th quarters of this year. More info here https://lnkd.in/d4yVqFaG
đ´ Apple has rejected the latest version of the non-custodial Lightning-enabled Bitcoin wallet Zeus, according to a tweet by Zeus founder Evan Kaloudis. his tweet here https://lnkd.in/dT54GWUK
đ´ Many legal experts agree that non-custodial wallets like Zeus that donât take custody of funds or private keys should not be classified as money transmitters, a classification typically reserved for custodial wallets like those offered by Coinbase and Binance that do assume custody of customer funds.
đ´ This comes after news that Apple may remove damus.io from the app store on the grounds that zaps within the app do not go through the in-app purchase mechanism. Apple claims that Damus violates its guidelines by allowing users to send âtipsâ (zaps) associated with receiving content from digital content creators through a mechanism other than in-app purchases. Article via Bitcoin Magazine here https://lnkd.in/dYiKy3bc
đ Bitcoin Logo: âż
- Over 500 people gathered in the Argentine Polo Field to create the largest human âż in the world in celebration of the 10th anniversary of NGO Bitcoin Argentina. The event aimed to showcase the technologyâs ability to mobilize people in defence of monetary freedom, privacy, and other values of the cryptocurrency ecosystem. Source via Bitcoin Magazine here https://lnkd.in/dgzT4y9U
đ¨ Two UAE news ( See slides)
⥠Ripple targets the Middle East with cross-border payment solutions
⥠UAE exchange houses to start accepting cryptos once regulations are out
For slides click here: https://tinyurl.com/5yxa2wr7
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
14th June: Crypto & Coffee at 8
đ¨ Bidenflation at 4% (CPI Number) â Michael Saylor prediction âNK hackers swipe over $100M from Atomicwallet.io users đ´PUMA Group launches Web3 experience đ
đ Bidenflation at 4%
Official news on inflation is via the Bureau of Labor Statistics here https://lnkd.in/dZBYUEsx Unfortunately this news has not made any impact on the price of Bitcoin & Global cryptocurrency market.
-Decrypt article here https://lnkd.in/dAhRZZes states Bitcoin, and Ethereum rises as Inflation Eases to 4% in May as the Federal Reserve Board is watching, with a key meeting later this week. We at Blockchain DXB have been watching the date a few hours before, during and after the announcement, but havenât seen any movement CoinDesk article
also states Bitcoin rises https://lnkd.in/d_F4M4aK The article does not
mention anything about Bitcoin just #clickbait headline about the price of #Bitcoin & #ethereum going up
â Michael Saylor: Prediction
𤥠He predicts Bitcoin will reachâ10Xâ With regulatory clarity. Important to note he often provides #fakenews & misleading information about Bitcoin. In an interview with Bloomberg âRegulatory clarity is going to drive Bitcoin adoption by eliminating the confusion and anxiety that has been holding back institutional investors,â His and MicroStrategyâs viewpoint via video via Twitter here https://lnkd.in/d__JRKGg
â We agree then Bitcoin is a universally acknowledged digital commodity, & the next Bitcoin is Bitcoin we donât agree with Michael Saylor and his #fakenews & incorrect information about Bitcoin.
đĽď¸ North Korea:
đ˘ North Korean hackers swipe over $100M from Atomic Wallet users. According to Elliptic, an estimated 5,500 crypto wallets have been affected by the attack. Cointelegraph has reported that Atomic Wallet, a non-custodial decentralized wallet, has been hit by a staggering exploit, leading to users reporting losses of their entire cryptocurrency portfolios. Article here https://lnkd.in/dyaXJmi9 The losses from the Atomic Wallet heist has now skyrocketed to over $100 million, which compromised an estimated 5,500 crypto wallets.
â Their Twitter account has been extremely silent since the attack Their account is here https://lnkd.in/dFJbGfWN
đ Puma: On June 13, PUMA Group launched its 3D metaverse experience, Black Station. an âexperiential homeâ for product drops built to provide âunbridled accessâ for Puma Pass nonfungible token (NFT) holders. At the time of publication, RB tokens currently have a price tag of 0.0125 ETH More info via Twitter here https://lnkd.in/dRmkzhqG & more info about Black Station can be found https://lnkd.in/d85YfEfy
đ¨ Two UAE news (See slides)
⥠Blockchain Research Institute Partners With Saudi IR4LAB | Ů
؎تبع اŮŘŤŮع؊ اŮŘľŮاؚŮŘŠ 4 to Spur Blockchain Adoption in KSA
⥠Dubai Future Academy empowers 100 government employees by unleashing the potential of generative AI to elevate government work
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
13th June: Crypto & Coffee at 8 đď¸
đťNFT & Metaverse tokens impacted the mostđť đ¨Bank of China issues tokenized securities on Ethereum đĽ United Nations: AI Deepfakes are dangerous đ´đť Binance.US hires former SEC staff.
đ¨ The global cryptocurrency market is below $1.10T NFT & Metaverse tokens have been impacted the most in the last 7 days Bitcoin.com has reported that NFT Market has seen a 20% drop in weekly sales. NFT sales totalled $152.96 million last week, with $84 million in sales originating from the Ethereum blockchain. The article here https://lnkd.in/dzW2qXTp states the number of NFT buyers decreased by 63.59%. Ethereum-based NFT sales accounted for $84 million, representing 54.91% of the market share among 21 different blockchains.
Below is the price since the last 7 days via CoinMarketCap
- Chiliz ( -27.06%)
- ApeCoin (-24.87%
- Decentraland ( -23.69%)
- The Sandbox (- 23.57%)
- Axie Infinity (- 22.83%)
đď¸ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we cover this news and give our commentary on #defi #stablecoins Two news from UAE & more
đ¨ Bank of Chinaâs BOCI issues tokenized securities on Ethereum in Hong Kong Official press here UBS Media here https://lnkd.in/dmss6fny BOCI has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. Itâs the first such transaction by a Chinese financial institution in Hong Kong. Check out our podcast where we share our opinions on this
đ¨ The United Nations has called artificial intelligence-generated media a âserious and urgentâ threat to information integrity, particularly on social media. Official report here https://lnkd.in/dsWwxgnE Cointelegraph
article has a great summary on this here which states the UN claimed the risk of disinformation online has âintensifiedâ due to ârapid advancements in
technology, such as generative artificial intelligenceâ and singled out
deep fakes in particular. False information and hate speech generated by AI is âconvincingly presented to users as fact.â Last month, the S&P 500 briefly dipped due to an AI-generated image and faked news report of an
explosion near the Pentagon.
We at Blockchain DXB strongly feel âWe live in a world where having a lot of information is not important, having information from the 1st source isâ
đĽ Binance.US update
- Binance.US has hired former SEC enforcement co-director George Canellos, currently with the international law firm Milbank LLP, along with three other lawyers. Canellos left the SEC in 2014 after serving for more than four years in different leadership positions. More info via Bloomberg here https://lnkd.in/dA3tkApi The lawyers have strong experience with criminal cases and bankruptcy.
đ¨ Two UAE news (See slides for more info)
⥠Blockchain firm nealthy secures $1.3m pre-seed and sets up base in Dubai
⥠Dubai hosts conference on AI with NVIDIA
For slides click here: https://tinyurl.com/49y2narz
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
12th June: Crypto & Coffee at 8
đ Gary Gensler Token to the đ Cryptomarket downđť. Key highlights for todayâs episode are below
đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we delve into the global crypto market, and share our opinions on the volumes of #defi, stablecoins & more. Metaverse platforms hit the most in the last 7 days this is despite Apple announcement of Vision Pro
đ¨ U.S. Securities and Exchange Commission is aggressively after #shitcoins Robinhood has decided to delist certain crypto assets from its trading platform after the Securities and Exchange Commission deemed them unregistered securities. #ADA #MATIC and #SOLwill be delisted on the 27th of this month. Official info via their blog here https://lnkd.in/dGj7KM63 Tokens that are still on Robinhood after the deadline will be automatically sold and credited to your Robinhood buying power.
đĽ Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service starting June 21. Cointelegraph has reported that The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move, which has been exacerbated by testing prevailing market conditions. Article here https://lnkd.in/dK6H3hV2 Itâs important to note Crypto.com remains open to a potential relaunch of its institutional exchange in the United States.
đĽ OKX has partnered with Komainu to boost institutional cryptocurrency trading security. Komainuâs platform will allow OKX to mitigate counterparty risks & the partnership should ensure the safety of institutional assets. It will allow institutional customers to execute secure, around-the-clock trading of segregated assets under custody. Official news via their website here https://lnkd.in/dcQNPZR9
đ´ 2023: Worse year for Binance? The market cap of Binance BUSD is down to $4.78B down from $16B & now Nigeria regulators have also decided to halt Binance operations. On June 9, Nigeriaâs securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the United States Securities and Exchange Commission (SEC). So according to Nigeriaâs securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal. More info on this via Bloomberg here https://lnkd.in/dnjC-mdZ
đ¨ Two UAE news (See slides)
⥠EMERGE Heads to Dubai, Launches NFT-Gated Membership Club
⥠Dubai: Sheikh Hamdan announces new AI centre to accelerate govt services
For slides click here: https://tinyurl.com/3tzh2zvy
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB + Markus Thielen
Crypto Titans How trillions were made, and billions were lost in the crypto
Guest: Markus Thielen: Author of Crypto Titans How trillions were made, and billions were lost in the cryptocurrency markets
Host: RA George, Blockchain DXB (Crypto & Coffee at 8)
Book: Crypto Titans How trillions were made, and billions were lost in the cryptocurrency markets.
Amazon: Buy it here https://tinyurl.com/ycamwxss
Twitter: @DeFiOnTarget https://tinyurl.com/mu2tsh2s
LinkedIn: https://tinyurl.com/48hy7x7p
Sub stack: https://defiontarget.substack.com/ Telegram: https://tinyurl.com/mash4ts
Markus Thielen is also the Head of Research & Strategy / Crypto for Matrixport
Matrixport: https://www.matrixport.com/ Matrixport LinkedIn: https://tinyurl.com/4pvrudbb Twitter: @realMatrixport https://tinyurl.com/7x5s4t4
Summary of the conversation
For feedback or suggestion email: info@blockchaindxb.com
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
08th June : Crypto & Coffee at 8
đť Cryptomarket at $1.1T, đ Minnesota Vikings co-owner in jail? đ Russian Investigator took over 1,000 BTC in Bribe Money, đ´ Noel Gallagher Turns to NFTs Binance.US halts trading amid SEC lawsuit
đGary Gensler to the moon! As the Global market is on the verge of maybe going below $1T. Stacks (STX) is up by 8.14% though. Check our Blockchain DXB Crypto & Coffee at 8 podcasts as we discuss global crypto market news, #stablecoins #Defi, #BTC, #ETC & macro level news and two news from Dubai, UAE and the Middle East
â Update on Binance.US
Binance.US halts trading for dozens of USDT, BTC, and BUSD pairs amid SEC lawsuit by U.S. Securities and Exchange Commission Official news here https://tinyurl.com/2s3nutm6 Binance USA has also decided to streamline their Buy, Sell & Convert offering and has paused our OTC Trading Portal.
đŤ Jail time:
Bitcoin.com has reported that Former Minnesota Vikings Co-Owner Reginald Fowler was slapped With 75 Month jail term for Processing $750M worth of crypto transactions. He has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer was also ordered to pay a âforfeiture of $740,249,140.52 and restitution in the amount of $53,189,261.80 to the Alliance of American Football. Article here https://tinyurl.com/enc6nwk8
â Russian investigator took over 1,000 BTC in bribe money from Hackers. An investigator working in Moscow has been caught with a record-breaking bribe paid by a hacking group in cryptocurrency. According to a Russian press report, the corrupt official accepted millions of dollars worth of Bitcoin and saved the digital money for his retirement years. More info on this here https://tinyurl.com/5azmszp8
đś Cointelegraph has reported that ARK Investment Management LLC buys Coinbase shares the same day SEC served a lawsuit. ARK Invest bought over 400,000 shares of Coinbase stock totalling more than $21 million on the day the SEC served the exchange with a lawsuit. The firm added approximately 419,324 shares of Coinbase Global Inc., which totals to a worth of nearly $21.6 million at the time of closing on the same day. also states that About a month prior, on May 2, ARK Invest added an additional 168,869 Coinbase shares, which then equalled around $8.5 million. The firm also made investments in March and April as well, of 2.4 million shares for about $117 million and 304,300 shares worth $17.5 million, respectively.
đĽ Noel Gallagher turned to NFT
Noel Gallagherâs High Flying Birds his current band locked in a battle with the Foo Fighters in a bid to top the Official UK Album Charts. Decrypt has reported that Gallagher is turning to music NFTs to help close the gap between them potentially. https://tinyurl.com/2k3j5twp
đ¨ 2 UAE news: (See slides)
⥠Sam Altman: Abu Dhabi was talking about AI âbefore it was cool OpenAI
⥠Google brings flagship AI event in Saudi Arabia
For slides click here: https://tinyurl.com/2p8tstns
LinkedIn Profile: https://tinyurl.com/569zh78j
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â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
07th June 2023
đ´ SEC đ Coinbase đą AI could threaten humanity? đŚ Japanese banks stablecoin on a public blockchain đĽď¸ Twitch to help build NFT Games
đ¨ U.S. Securities and Exchange Commission filed a lawsuit against Coinbase, the filings here https://lnkd.in/dr4czEgj
- SEC Charges Coinbase for Operating as an Unregistered Securities Exchange,
- Broker, and Clearing Agency Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program.
đĄ Because of this news, Coinbase stock has plunged 20%
đĽ But thereâs more A task force comprising 10 state security regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington and Wisconsin issued a Show Cause Order against Coinbase. Official order here https://lnkd.in/d9Za95ai
đ¨ The order gives Coinbase 28 days to show cause why they should not be directed to cease and desist from selling unregistered securities in Alabama
𼜠The U.K. prime ministerâs AI task force adviser said large AI models would need regulation and control in the next two years to curb major existential risks. More info via Cointelegraph here https://lnkd.in/d5vRPQ_e Matt Clifford chair of the governmentâs Advanced Research and Invention Agency (ARIA), stressed that current systems are getting âmore and more capable at an ever-increasing rate.â Interview here via YouTube https://lnkd.in/dV8yBNN3
đŤ Elon Musk in an interview with Tucker Carlson also echoed a similar theme here https://lnkd.in/dVdRWzfv Fox News Media
â Government oversight may be needed for the future of humanity.
MUFG A Japanese Banking Giant MUFG to Deploy Stablecoins on Different Public Blockchains. They partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow the interoperation of these licensed stablecoins along several blockchains using its Progmat Coin protocol. Official info here https://lnkd.in/dxmbXDEX
đŚ Bitcoin.com news in English here https://lnkd.in/dgYhQ3zh states to further facilitate the transactions made with these stable assets, the bank will use the services of Toki, a startup that recently came out of stealth mode. Toki will allow transactions of these assets between public blockchains, including Ethereum, Cosmos, Avalanche, and Polygon.
đŚTwitch Co-Founder Justin Kanâs Fractal has created a code-free way for game developers to âgo cryptoâ will it pull Web2 developers into the space? FSTUDIO gives developers the ability to âbuild,â âacquire,â and âmonetizeâ their projects, according to a statement. Developers will be able to turn in-game assets into NFTs with. More info via Decrypt here https://lnkd.in/dX3wwBqF
đ¨ Two UAE news (See slides)
⥠DMCC (Dubai Multi Commodities Centre), & Bybit join forces to propel crypto and Web3 adoption in Dubai
⥠Deloitte opens AI Institute in Saudi Arabia
For slides click here: https://tinyurl.com/2p8nw27c
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
06 June: Crypto & Coffee at 8
đ´ Apple launches Vision Pro! đťrypCto market: â Do you bleedâ As bitcoins market cap is below $500Bđť SEC Sues Binance & Changpeng Zhao, đ¨ J.P. Morgan Blockchain use case in India đĄ #BTC Google trends lowest
đ´ Apple Vision Pro: An Augmented reality headset which is an introduction to Spatial Computing, a true game changer. Definitely offers a 10x better user experience than the current existing system. Is this the future of technology? This news should definitely drive the adoption of Metaverse! We strongly recommend checking the features & watch the WWDC 2023 via YouTube here https://lnkd.in/dHvkgZKK
⥠Vision Pro: The most advanced electronic personal device ever starts at $3,499. A hefty price but definitely worth it. It definitely would be a wise move to build things on Apple instead of âDistributedâ Metaverse platforms such as Decentraland or The Sandbox with extremely poor and terrible user experiences!
đ The global crypto market is down to $1.09T, #BTC at $25,644 Check Blockchain DXBs Crypto & Coffee at 8 podcasts where share our commentary on it.
đ Bloomberg reported that SEC sued Binance and CEO Zhao for Breaking Securities Rules. Filing here https://lnkd.in/dT839TrP Two key areas:
- The regulator says the firm operated an unregistered securities exchange
- Binance is also accused of improperly selling crypto tokens
â Binance called the complaint âdisappointing,â
đ§ J.P. Morgan uses blockchain for 24/7 dollar transfers with Indian banks. JPMorgan applies blockchain to interbank U.S. dollar transactions in India amid growing signs of global de-dollarization. They have partnered with six banks in India The banks include top private lenders like HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Yes Bank Ltd. and IndusInd Bank Ltd, in addition to JPMorganâs own banking unit at GIFT City, More info via Bloomberg here https://lnkd.in/dt6avdpx
đ´ Imp: Using âPermissionedâ Blockchain is just as good as using a software
đď¸ Google Trends data here https://lnkd.in/dzC8YPSx states Bitcoin interest has sunk to its lowest point since October 2022 In the week spanning June 5 to 11, 2022, the search term âbitcoinâ bottomed out at 25 out of 100. During the subsequent week, however, from June 12 to 18, 2022, the search term bitcoin rose to a score of 64. In just under a year, interest has dwindled by over 73%, plummeting to 17 during the week of May 28 to June 3, 2023. Prior to the October 2022 low of 16, the last time bitcoin interest was at this level was October 2020. Check out our podcast where we explore this area in detail Bitcoin.com has great info on this here https://lnkd.in/dRTCm4wF
đ¨ Two UAE news (See slides)
⥠Hong Kong, Central Bank of The UAE Coordinate on Crypto Regulations
⥠The Saudi Data & AI Authority joins the Renaissance Partners Program from Majarra Ů
؏ع؊
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
05th June: Crypto & Coffee at 8
đ¨ US debt ceiling increasedđĽApple MR headset? âĄMarathon Digital Holdings Mined 77% more #BTC đ¨Pepe Coin is down by 70% đĽPancake swap volume down by 50%
đ¨ Letâs Go, Brandon!
â The Extreme left the administration and Rhino Kevin McCarthy passed the bill to suspend the debt ceiling just days before the default This means $1T in new bonds to hit the market.
đ¨ The final House vote was 314 to 117, 149 Republicans & 165 Democrats What is the Debt limit? More info via the U.S. Department of the Treasury here https://lnkd.in/dZXcFbta.
The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.
đ¨ How does this impact the price of Cryptocurrency? It gives a âtemporary breatherâ to the world of finance. This news should temporarily pump the Global cryptocurrency market. Balaji S. bet of 1BTC = $1Million is definitely down the drain as its a little over 90 days since he made his predictions. Important to know All Price predictions are 100% right, 50% of the time
đĽ Apple WWDC 2023 keynote will be live-streamed on Monday, June 5, starting at 1 pm Eastern here https://lnkd.in/dTwuc9KT. In anticipation of this news The Sandbox, Decentraland has pumped up while the Global cryptocurrency market is struggling.
đĽ If Apple does launch a new Augmented / Virtual Reality headset it will be the first new major product line since it unveiled the Apple Watch in 2014.
đĽ Will Appleâs new regarding MR/AR/VR headset impact Metaverse? We recommend listening to our Metaverse Everything podcast where we explore this in detail. Episode here Spotify here https://lnkd.in/dfuWcerV
đ¨ Pepecoin is down by over 70% since reaching its all-time high. Cointelegraph article here https://lnkd.in/dqmjmU6f tates that Despite its recent losses, PEPE still trades 4,000% higher when measured from its exchange debut price of $0.00000044. As a result, more price declines could prompt existing PEPE holders to lock in their profits, thus exacerbating the bearish bias.
đ¨ 1,245 bitcoin in May
Bitcoin miner Marathon Digital Holdings mined 1,245 bitcoin in May, up 77% from the previous month with the help of its proprietary software. Info here https://lnkd.in/dbizhBs8 Some highlights
- 4,141 BTC Year-To-Date
- Increased Operational Hash Rate 9% to 15.2 EH/s and Installed Hash Rate by 13% to 20.1 EH/s in May 2023
- Raised nearly $800,000 for Bitcoin Core Developers in collaboration with Brink
- Reported Unrestricted Cash and Cash Equivalents of $97.3 Million and Increased Unrestricted Bitcoin Holdings to 12,259 BTC (c. $333.7 Million) as of May 31, 2023
đ¨ Two UAE news (See slides)
⥠Crypto exchange Gemini to seek UAE crypto license UAE
⥠Government launches AI-powered chatbot platform âU-Askâ
For slides click here: https://tinyurl.com/pccsbbum
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
02nd June: Metaverse Everything Podcast
đ¨Is Decentraland Dead? Scary 24-hour volume for DAPPS. Only at $565, a ridiculously low volume, considering they are valued at a little over$1B Important to note that it is the fiat value of incoming dapp transactions over 24 hours. Can validate the data via DappRadar here https://lnkd.in/dvw4dMGg The Sandbox is
at $40.98K & Axie Infinity is at $1.28M
đĽIs Metaverse Dead?
â Neal Stephenson, the man who named the Metaverse â˘says the Metaverseâs foundations are maturing. New mixed-reality headsets from Meta and Apple could help his case. New via CNET here
https://lnkd.in/d6fUHnvS
đĽ Meta QUEST 3 is coming this fall and is priced at $499. Meta Quest 3 features higher resolution, stronger performance, breakthrough Meta Reality technology, and a slimmer, more comfortable headset. Official info https://lnkd.in/dQBQ68Ue
đĽ Apple News reality headset could be launched on 05th June? There are no official sources on this yet.
Check out Blockchain DXBs Metaverse Everything podcast where we discuss if AI has taken over Metaverse hype & investments We also discuss the importance of having a 10X better user experience in Metaverse or if users will not use Metaverse. We also discuss Macroeconomic conditions such as
- Geopolitical
- Inflation
- US Debt Ceiling
and their impact on the mainstream adoption of the Metaverse
đĽ We also discuss NVIDIA joining the Trillion dollar club and what it means going forward for AI & the Metaverse
đ¨ 5 Metaverse news from the world
⥠Zaha Hadid Architects explores the future of architecture in the metaverse through METROTOPIA venture. Source via designboom https://lnkd.in/dCArdBrz
⥠Meta Quest 3 advert released Coming this fall. Listen to our podcast to learn the features of it
⥠Reality Pro OR Reality One is the new name for Apple Is this legit or a rumour
⥠Devour and AlterVerse Inc. Set to Launch Worldâs First Metaverse Web3 Food Ordering Marketplace. https://lnkd.in/dkXAxR3c
⥠Neal Stephenson is optimistic about the future of Metaverse.
đ¨ 5 Metaverse news from Dubai & UAE
⥠Exarta expands to Dubai with a new office at DMCC (Dubai Multi Commodities Centre)âWe covered this in our Crypto & Coffee at 8 podcasts on the 31st of May. Episode via Spotify can be found here https://lnkd.in/d-qWdR64 Source for the news Khaleej Times https://lnkd.in/dZYbaBwq
⥠Sharjah Chamber of Commerce & Industry organizes a workshop to discuss how Metaverse can advance the business community News via Zawya https://lnkd.in/dRGQ_ate
⥠Deloitte has published a report: The Metaverse and its Potential for the MENA region. download here https://lnkd.in/dybGhH-y
⥠Everdome.io + OKX announce enhanced partnership through pioneering metaverse build. Source https://lnkd.in/dc5aEXM6
⥠Smell in the Metaverse
Meta-nose, a device that can detect gaseous particles and convert them into digital data https://lnkd.in/d8wsnq2Y
For slides click here: https://tinyurl.com/2zhhe9vz
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o help support his channel:
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB + â â Dany Nehme
Guest: Dany Nehme, Spartan Global Brand Ambassador, OCR athlete, Marathon & Half Marathon Runner & Advanced Scuba Diver
Host: RA George
Contact details: Dany Nehme
Instagram: @nehmedany â https://tinyurl.com/3nau7djxâ
OCR Empire: @ ocr.empire â https://tinyurl.com/mpbzdcv9â
Summary of the conversation
Thanks for the podcast.
For feedback or suggestion email: â info@blockchaindxb.com
01st June: Crypto & Coffee at 8
đ¨ Bybit leaves Canada. đĽBitcoin Fear & Greed Index: Neutral 51â
đĽ Dr. Saifedean Ammous s joins El Salvadorâs Bitcoin office. đ¨NVIDIA > Meta, Tesla and soon joins the trillion-dollar club đ¨
đĽ Fear and Greed Index: Neutral 51
Info here https://lnkd.in/d4yVqFaG will this change as and when official confirmation and action are taken regarding increasing the US debt limit?
â What data point is used to measure the index?
- Volatility (25 %)
- Market Momentum/Volume (25%)
- Social Media (15%)
- Dominance (10%)
- Trends (10%)
- Surveys (15%) are currently paused though.
â Important to note: All Price predictions are based on the Fear and Greed Index & Crypto price influencers are 100% right, 50% of the time.
đ¨ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we give an in-depth understanding of these parameters. We also explore the Global crypto market, #Defi, #stablecoins and in-depth information on Decred a privacy-focused project.
đ¨ Bybit: Notice on Exit from Canadian Market
Effective from May 31, 2023, 8 AM UTC, Bybit will no longer be accepting account opening applications by any identified Canadian residents and existing Canadian nationalsâ Official info here https://lnkd.in/danhJ-Qg
đ¨ Bybit is withdrawing from Canada and has suspended new registrations from Canadian residents as of Wednesday. Starting July 31, Canadians will be unable to deposit funds; however, they can still withdraw and reduce their trading positions for the time being.
đĽ The Bitcoin Office:
â The Bitcoin Standard meets The Bitcoin Office = The Winning Team
đĽ Dr. Saifedean Ammous the OG & if not the best content creator on Bitcoin recently travelled to El Salvador to lecture students of the inaugural 7 the prestigious Bitcoin & Lightning devs program More info via Twitter here https://lnkd.in/dXpuXp7x He also
met with President Nayib Bukele & shared his thoughts on the remarkable benefits of the policy of economic liberty. They also discussed El Salvadorâs Bitcoin policy and how to get more of the world to understand the value proposition of Bitcoin. We strongly recommend following him via LinkedIn and watching his recent post via YouTube titled 169 Talks at Bitcoin 2023 https://lnkd.in/df_eErcE
đ¨ NVIDIA has overtaken Meta, Tesla by Market Cap. As NVIDIA edges towards the trillion-dollar club on the back of AI, itâs now more valuable than some of the marketâs biggest names. Decrypt posted an article a few days ago that Nvidia Stock soars Double-Digits Following Revenue Uptick Amid AI Frenzy. Article here https://lnkd.in/dnt28-ds Nvidia shares soared 27.6% catapulting the company towards a $1 trillion market cap.
đ¨ Two UAE news: (See slides)
⥠Dubai-based Al Jabeer Technology successfully acquired LEDGERBLOCK International Technology
⥠Central Bank of The UAE issues new anti-money laundering guidance for cryptocurrencies
For slides click here: https://tinyurl.com/4zecabz6
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To help support his channel:
â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
31st May: Crypto & Coffee at 8
đ¨ Binance Australia: 1BTC = $9K, đĽBitcoin Ordinals to bridge Ethereum NFTs âĄRipple XRP has a new record Dormant⥠Ethereum Since 2015 on the move đ¨
đ¨Bitcoin for $9,000 only?
âĄFinance Magnates has reported that Binance Australia sells Bitcoin way cheaper than competing exchanges in the region. The discount results from investors fleeing before Juneâs withdrawal suspension. Article here https://lnkd.in/dAfppxsB
đ¨ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we cover this and give out opinions on this. We also look at the 24hr volume of #defi, #stablecoins #btc & more
đĽ Bitcoin Ordinals achieve a new milestone with over 10M Inscriptions & Ordinals will now allow users to migrate their Ethereum ERC-721-based nonfungible tokens (NFTs) to the Bitcoin blockchain with the launch of the BRC-721E standard. Cointelegraph has a detailed breakdown of this here https://lnkd.in/dXewMJre
đ¨ WTF is the BRC-721E standard?
⥠More info can be found here https://lnkd.in/dCibf9Ex We try to explain this in our podcast in easy to understand way. Essentially BRC-721E standard, lets people move their digital art from Ethereum to Bitcoin. This is done by âburningâ the art on Ethereum, which means it canât be used or changed anymore on Ethereum. After burning it, you can claim it on Bitcoin and it will be stored there with a lower-quality preview image and a reference
to the Ethereum burn. So basically, itâs a way to move and store your digital art on Bitcoin instead of Ethereum.
đ¨ In summary, Bitcoin Ordinals offers a way to move Ethereum NFTs to the Bitcoin blockchain using the BRC-721E standard, allowing for decentralized storage of digital art with full metadata on the Bitcoin network.
đĽ Ripple XRP to the moon + new record
- XRP has been the highest gainer in the last 24 hours & Ripple fans push up XRP price as a conclusion in the case against SEC draws closer XRP network has had its second and third-largest address activity spikes in history over the past several days. On May 27, around 490,000 addresses were interacting on the network in
what was the second-largest address activity day in the chainâs history. More information here https://lnkd.in/dkXANT4E
⥠Data from Lookonchain highlighted that a wallet dormant since 2015 has transferred 8,000 ETH to a different wallet. The wallet first did a transaction of 1 ETH and then moved the remaining 7,999 after a few minutes. The power of Open Blockchain! More info via DailyCoin on this here https://lnkd.in/dbCYFH8t
đ¨ Two UAE news (see slides)
⥠Regulated Virtual Assets Activities are now offered at DET branches
⥠Exarta Metaverse company from Oman make the move to Dubai
For slides click here: https://tinyurl.com/432tnwkp
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To help support his channel:
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
30th May: Crypto & Coffee at 8
đ¨ Bank of Japan: CBDC project đĽ Reddit, Inc. hits $32M in NFT sales âGemini Trust Company and Genesis Global Capital V/S U.S. Securities and Exchange Commission â
đ¨ In 2023 & moving forward Central Bank Digital Currencies are going to go mainstream! The biggest threat to CDBC is Stablecoins & Centralized money transmitter protocols such as Ripple The Bank of Japan (BOJ) has released the results of the second phase of its central bank digital currency (CBDC) proof-of-concept (PoC) experiment and confirmed that its CBDC pilot project launched on schedule in April. The second-phase PoC ran for a year, from April 2022 to March 2023, and considered functions to complement the basic ledger functions tested in the first yearlong experiment. More info via Cointelegraph here https://lnkd.in/d3W6d8j9
đĽ Blockchain DXB has an event on CBDC where we explore Central Bank Digital Currency: The Basics, Threats to Freedom & Metaverse. Register for the session via Eventbrite here https://lnkd.in/e2RSkyt5
đĽ Reddit, Inc. onboards 10 million users into its NFT ecosystem. . Launched in July 2022, the series of non-fungible tokens seems to be loved by their large community as they are unique, affordable, and stored on one of the most secure blockchain platforms, Polygon (MATIC). More info via DailyCoin here https://lnkd.in/ddXHrYDK A great summary here:
- Reddit counts almost 10M NFT holders a year since Web3 push.
- The most expensive Reddit avatar was sold for nearly $50,000.
- Reddit dished out around 2,000 NFTs a month since January 2023.
đĽ SEC vs Crypto world
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. More info via Bitcoin.com here https://lnkd.in/dUEQH_75
â As per the court filing here, https://lnkd.in/dwG6TmtR The lawyers argue that the SEC is attempting to transform the Earn program into something it was never intended to be.
đ¨ Check out the Blockchain DXB podcast to listen to our commentary on this! We also share our thoughts & opinions on the global crypto market and we look at #defi, #stablecoin volumes, the number of people using DApps and a lot more
⥠We also give an in-depth analysis of Monero in todayâs episode where we cover
- What Is Monero (XMR)?
- Who Are the Founders of Monero?
- What Makes Monero Private?
- What Gives Monero Value?
- Mining on Monero
- What Makes Monero Unique?
- Resources to learn more about Monero
Two UAE news (See slides )
⥠Bitcoin Tower in Dubai: Dev shares initial design
⥠Abu Dhabi makes its Falcon 40B AI model open source
For slides click here: https://tinyurl.com/2s4y6ff7
LinkedIn Profile: https://tinyurl.com/569zh78j
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To help support his channel:
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
29th May: Crypto & Coffee at 8
đĽUS debt limit â Binance BUSD market cap is down by over 60% â Bitcoin stablecoin via Ordinals â Earn less than $0.15c ents in Bitcoin by Playing Mobile Solitaire
đ¨ Head of Extreme left-leaning administration mentioned via Twitter that âSpeaker Kevin McCarthy and I reached a budget agreement in principleâ tweet by Biden here https://lnkd.in/dmwcMmE5
â Key info from the tweet: The agreement represents a compromise, which means not everyone gets what they want. Thatâs the responsibility of governing.
đ¨ How will this news impact the price of Bitcoin?
- Bitcoin UP
- Bitcoin DOWN
đĽ Check out the Blockchain DXB podcast where we examine this in detail and share our commentary on the US debt ceiling, the global crypto market, #Defi, #stablecoins and more
đ¨ Stably: A Dollar-Backed Stablecoin on Bitcoin Using Ordinals Protocol Bitcoin Ordinals is the new hype in 2023, Stably debuted Stably USD in 2019. Itâs got a $7 million market capitalization across 11 blockchains, according to its April attestation.
Decrypt has more information on this here https://lnkd.in/dngMbVAm check our podcast for commentary on this
The latest attestation report shows itâs got a market capitalization of $7 million across 11 different blockchains, including Ethereum, BNB Chain, and Arbitrum.
â Some more information
- U.S.-based Stably, which calls itself a fiat onramp for crypto trading, has announced its BRC-20 U.S. dollar-backed stablecoin on Twitter. But there are a few red flags.
For starters, the total supply: $69.420 trillion, according to the companyâs website. Thatâs more than double the U.S. national debt and likely a nod to meme culture. And things seem to be off to a slow start. Their documentation links to a reserve wallet with a $220 balance at the time of the article.
While Stably claims its subsidiary, Stably Trading LLC, is a registered money transmitter, the registration number and address on their website donât match whatâs listed on the FinCEN website under âStably Trading, LLC.â
đĽ Binance BUSD market cap is down by over 60% since Security Exchange Commission went after Binance in the first quarter of 2023 Its important to note the CFTC and the Security and Exchange Commissionâââand the SEC almost doubled its crypto and cyber teams in 2022
â Changpeng Zhao tweeted on February 17, 2023, that the BUSD market capitalization has dropped from $16.1 billion to $13.7 billion. As of today, 29th May 2023 Binance BUSD market cap is $5.27 Billion
đĽ Earn Bitcoin by Playing Mobile Solitaire Game
- Decrypt article provides a list of games u can play & earn #btc by playing Solitaire games. For six full hours of gameplay, you can earn less than $0.15 Article here https://lnkd.in/di6Jw_gn
đ¨ Two UAE news:
⥠Standard Chartered Bank to launch digital asset custody in Dubai
⥠Dubai Watchdog Highlights Risks in Global Crypto Regulations
For slides click here: https://tinyurl.com/4ajwd4vv
LinkedIn Profile: https://tinyurl.com/569zh78j
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
18th May: Crypto & Coffee at 8 (Updated)
đĽ Appleâs Mixed Reality: Legit or Fake News? đ¨ Coinbase suspends ETH staking reward withdrawals. đ¨ Tether.to USDT to buy #BTC â User experience in DeFi â Bitcoin.com: 40 million wallets âĄ
đĽ Apple Mixed Reality?
News is circulating that Apple is about to launch a mixed-reality headset in 3 weeks. Udi Wertheimer mentioned via Twitter with no official source. His tweet states Metaverse shitcoins are going to pump so hard itâs not even funny. We 100% agree as Decentraland, The Sandbox are currently up in price as well
â A similar rumour regarding Apple getting MR was mentioned via Bloomberg in the last quarter of 2022
â Appleâs Worldwide Developer Conference is scheduled to take place on 05th June 2023
đ¨ Technical Error?
Coinbase has temporarily paused ETH staking reward payouts as they are working to resolve a technical issue. They have assured the customers #fundsaersafu Info here https://lnkd.in/dswUje4U Itâs important to note that The U.S. Securities and Exchange Commission is likely to file an enforcement action against Coinbase in the coming weeks. Could it be possible that the exchange is preparing for potential regulatory action from the SEC? Some thoughts by DailyCoin here https://lnkd.in/dvqzDifd
đ¨ 15% of Net profit to buy Bitcoin
â Tether, the company behind the largest stablecoin Tether USDT is following in the footsteps of MicroStrategy to manage its reserves. The stablecoin issuer plans to strengthen its reserves with the help of Bitcoin and move away from United States-based government debts. More info via Cointelegraph here https://lnkd.in/drqV8wrK
â Tether wonât rely on other third party custodians but will take care of custody itself. This would mean that Bitcoin, Gold, and US Treasury Bonds Back Tetherâs $5 Billion Assets
âĄUser experience in Defi
Uniswap Labs survey finds DeFi must get easier to use to win over retail customers, According to the survey many respondents said they are put off by the complexity and cost of on-chain trading. CoinDesk article ere https://lnkd.in/dFFZ-z96 states In a poll of 1,860 âU.S. retail users,â the company supporting the popular DeFi token trading platform called Uniswap found that many respondents are put off by the complexity and cost of on-chain trading.
đĽ Bitcoin.com wallet celebrates a major milestone with 40 million crypto wallets created. Since its inception in June 2017, the Bitcoin.com Wallet has seen a rapid rise in user adoption, reflecting the increasing acceptance and adoption of cryptocurrency around the globe. Its no surprise the source of the article is also via Bitcoin.com here https://lnkd.in/daBbpvAq
đ¨ Two UAE news (See slides )
⥠House of Hype experience coming to The Dubai MallâââNFT, Metaverse-related
⥠Dubai- Based ValueFirst âConversational AI offerings are now powered by ChatGPT OpenAI
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
17th May: Crypto & Coffee at 8
đ¨ European Union: Crypto rules, đĽ Peter Schiffs 214th prediction about an economic depression. â Doge coins DRC-20 ⥠Bitcoin Lightning company River raises $35M
đ¨ European Union states approve the worldâs first comprehensive crypto rules. New tax transparency rules will help Member States shine a light on the crypto-asset sector The rules are expected to be rolled out from 2024. Info here https://lnkd.in/dVsHeyX4
They gave the final nod to the worldâs first comprehensive set of rules to regulate crypto assets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up.
â Important to note! They agreed on a requirement that from January 2026 service providers obtain the name of senders and beneficiaries in crypto assets, regardless of the amount being transferred. Info via Reuters https://lnkd.in/d9jD3Gw8
đĽ Bitcoin detractor and gold advocate Peter Schiff has once again for the 214th time predicted and warned about a new, incoming great depression crisis, and he has criticized misleading inflation numbers. He is also indicating that the real inflation number should be currently closer to 10%. More information via Bitcoin.com here https://lnkd.in/dgNijiAz His main reasoning being the left-leaning administration will be raising the debt ceiling again
⥠What do u think of his predictions?
- He has to be right if he keeps predicting all the time.
đ¨ Doge coin DRC-20
DailyCoin states NFTs inscribed onto Dogecoin (DOGE) are becoming a reality with the recent DRC-20 protocol launch. As the name suggests, the technical setup mimics BRC-20, the Bitcoin Ordinals NFT protocol that was a huge hit in the NFT community earlier this year. Article here https://lnkd.in/dcuGQ9yn
⥠Key highlights:
- DRC-20 protocol inscribes parts of digital artifacts onto âElons.â
- Elonâ is Dogecoinâs replica of the âSatoshiâ particle for BRC-20.
- Dogecoin soars in trading activity, but daily charts remain bearish.
⥠Lightning Network NOT Blockchain
- A narrative strong among Bitcoin Maximalist is slowly but steadily gaining popularity & Bitcoin Lightning company River has raised $35M amid a ânew wave of institutional adoptionâ Alexander Leishman, CEO & CTO of River has said âWeâre seeing another wave of Bitcoin interest, largely driven by business & institutional adoption,â & âItâs not fueled by hype.â more info via Cointelegraph here https://lnkd.in/d-THa4nj
â River was an early adopter of the Lightning Network, similar to Bitfinex & Kraken Digital Asset Exchange Digital Asset
đ¨ Two UAE news: (See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 02nd June 2023 Registration link via Eventbrite here https://lnkd.in/d4xjB93p
⥠PESTLER analysis on Bitcoin on 02nd June (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB. Registration link: https://lnkd.in/dg8VRyGy
For slides click here: https://tinyurl.com/35e2wj78
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
16th May: Crypto & Coffee at 8
đ¨ Worldcoin by OpenAI nears $100 million funding đĽSamsung Electronics + Bank of Korea Offline CBDC âĄTether USDT questionable record profitâĄ
đ¨ Financial Times has reported that OpenAIâs Sam Altman nears $100mn funding for Worldcoin chttps://lnkd.in/dKwcz5S8
â Led by the creator of ChatGPT, the Worldcoin project, which has already raised $100 million in 2022, has just finalized a new round of funding from several large funds.
đĽ Proof-of-personhood protocol:
- According to the projectâs website, âWorldcoin is building the worldâs largest identity and financial network as a public utility, giving ownership to everyone.â More info on this here https://lnkd.in/d-QzWS5T
đ¨ Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we discuss this in detail & share our opinion on World Coin & Proof-of-personhood protocol. We also discuss tether USDTâs questionable profit and if it could lead to a Black Swan event for the crypto community. Podcast link here
â We also discuss the volume of #stablecoins, #defi, #web & a lot more. See slides 1 & 2 below for more info
đĽ South Korean electronics giant Samsung Electronics has joined forces with the Bank of Korea to cooperate on a new CBDC research. Decrypt article here https://lnkd.in/dHFGsAUF states Both parties signed a memorandum of understanding (MOU) at Samsungâs headquarters in Suwon, Gyeonggi Province, according to a The Korea Herald report. Under this agreement, Samsung and the BOK will be conducting further research into the CBDC issued by the BOK, as well as collaborating in the offline payment sector.
đĽ Blackswan event for Crypto: Tether.tosâs questionable Profit
đ¨ A few days ago Tether.to USDT boasted record-breaking profits in 2023, extremely strange as the 24hr volume in 2023 has been the lowest. John Reed Stark former chief of the Security Exchange Commission officer mentioned via Twitter âMHO, Tether is a Mammoth House of Cards.â Some crucial pieces of information highlighted in the tweets are
- The Tether Regulatory Vacuum
- Attestations Are Meaningless
- Audits Are Not Rocket Science
- Red Flags
đ¨We 100% agree with the points, check out our podcast where we explain this in detail and share our opinions on this.
đ¨ Two UAE news: ( See slides for more info)
⥠Fintoch Holds a Public Event in Dubai to Contribute to Global Fintech
⥠Saudi authorities launch Generative AI Hackathon
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
15th May: Crypto & Coffee at 8
đĽ US debt ceiling + Bitcoin ⥠Scary crypto volume ⥠Pepecoin vs Coinbase đĽ Binance leaves Canada âLG Electronics NFT news â
đĽ Joe Biden said on Saturday that talks with Congress on raising the U.S. governmentâs debt limit were moving along and more will be known about their progress in the next two days ie today 15th May. Reuters article states Biden is expected to meet with Republican House Speaker Kevin McCarthy and other congressional leaders early next week to resume negotiations. Article here https://lnkd.in/dj3Hwpqy
â The US debt ceiling: $31.4 Trillion The U.S. Department of the Treasury says it could run out of money by June 1 unless lawmakers lift the nationâs debt ceiling.
đ¨ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we discuss this in detail & share our opinion on What the US debt ceiling is, How it will impact the price of the Bitcoin & Crypto market?
đ Debt limit increaseâââBitcoin đ
đĽ Pepecoin vs Coinbase
Coinbase states that Pepecoin is a symbol of hate and it represents Far right ideologies. Because of the news PEPE token sunk 32% in a day, dropping out of the TOP 50. The Pepecommunity has fought back with #pepeislove Paul Grewal has mentioned via Twitter âWe screwed up and we are sorryâ & the official blog has also been updated here https://lnkd.in/dkpeMiKT
â Despite the apology, Coinbase didnât list $PEPE or give any promises in regard to the frog-themed meme coinâs inclusion.
đĽ Binance on 12th May announced that they will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace. Canadian users will be receiving an email with comprehensive information on how this will impact their accounts going forward. Official info via Twitter states new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canadian market no longer tenable
for Binance at this time. https://lnkd.in/d7cgjgkd
đĽ NEWSBTC published an article stating A recent report published on World Intellectual Property OrganizationâââWIPOâs global database for intellectual property disclosed LG Electronicsâ application to acquire an NFT trading patent for its Smart TV. Article here https://lnkd.in/dZ7b6uEY
â LG Electronics NFT
The LG technology will enable users to connect their crypto wallet and an NFT market server for trading. After connecting to the NFT server, users will see an onscreen QR code to enable them to transact through their crypto wallet. More info about this here https://lnkd.in/d7J-hxbz
đ¨ Two UAE news
⥠Dubai-Based Hype Marketing FZCO Introduces Innovative Web 3.0 Marketing Strategies
⥠Kenya and Abu Dhabiâs Venom Foundation join forces to develop blockchain, Web3 hub in Africa
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB & Markose Chenthitta
Guest: Markose Chenthitta
Host: RA George
Contact details: Markose Chenthitta
The Story Alchemist
Lisa Chenthitta
Cryptocosm
Crypto with Coffee
XT exchange
Crypto TV
Summary of the conversation
Thanks for the podcast.
For feedback or suggestion email: info@blockchaindxb.com OR info@area2071.com
11th May: Crypto & Coffee at 8
đ Bidenflation 4.9% đĽMarathon Digital Holdings mining operations in Abu Dhabi đ¨ Tether.to USDT $1.48B profit, đĽGrayscale Investments files for 3 ETS, ⥠Boba Network new record!
đ Bidenflation at 4.9%: CPI numbers can be found via the Bureau of Labor Statistics here https://lnkd.in/dZBYUEsx How will this impact the price of Bitcoin & Cryptocurrency?
â Inflation slowing down should positively reflect on the priceâ
đ¨ Check the Blockchain DXBs podcast we cover this in detail & share our thoughts & commentary on this. The podcast link is here.
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đĽ Bitfinexs Tether.to USDTâs latest Q1 2023 assurance report shows a reserves surplus at an all-time high of $2.44B, up $1.48B in Net Profit. Very strange considering the fact the 24-hour volume in 2023 has been the lowest since inception. Blog here https://lnkd.in/dtf4k-Kj The audit was done by BDO Italia
The blog states Tether closed the first quarter of 2023 with $81.8B in consolidated total assets. The majority of its reserves are invested in US Treasury Bills.
đ¨ Grayscale Investments introduces Grayscale Funds Trust and Files for 3 ETFs They mentioned via @Twitter that they are proud to announce the formation of Grayscale Funds Trust, a Delaware statutory trust structure that enhances our capabilities as a global asset manager. More info on this here https://lnkd.in/dcUhfYtW
đ¨ Itâs important to note that there exists an unsettled battle between Grayscale and the U.S. Securities and Exchange Commission, rooted in the conversion of the $17 billion Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF product. Craig Salm Grayscaleâs Legal Office has pointed out that, the SEC has been partial in denying the companyâs application while approving a number of Bitcoin Futures ETFs. More info via Investing.com here https://lnkd.in/d_dGMNuz
Boba Network
DailyCoin has reported that Boba Network, BNB Chainâs Layer-2 scaling solution, has recently witnessed remarkable success by processing an impressive 2.86 million transactions in the month of April alone, averaging over 100,000 transactions per day. This notable accomplishment stands as a record-breaking achievement for Boba Network, considering its previous performance of 585,818 transactions in March and 99,362 transactions in February. These statistics signify a substantial surge in the adoption of the Boba Network by BNB Chain users, a trend further validated by the networkâs current count of over 45,000 active wallets. Article here https://lnkd.in/dNdp8Atm
đ¨ Two UAE news ( See slides)
⥠Dubai crypto exchange MaskEX Global gets VARA approval for launching operations in UAE
⥠Marathon Digital Holdings announces immersion crypto mining operations in Abu Dhabi
For slides click here: https://tinyurl.com/46638fm8
LinkedIn Profile: https://tinyurl.com/569zh78j
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â Buy me Coffee â
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
10th May: Crypto & Coffee at 8 â
đ¨ Canton blockchain: Microsoft, Goldman Sachs + Deloitte. đĽPayPalâs crypto holdings âĄNFT by âwokeâ Nike are in demand. đ Bitcoin SVđ
đ¨ Canton Network: A new global blockchain network of networks for financial market participants and institutional assets
đ¨ Check the Blockchain DXBs podcast we cover this in detail & share our thoughts & commentary on this. We discuss the global crypto market, we look at Defi & the 24-hour volume, Stablecoins, & quite a lot more. We also discuss Bitcoin Satoshi Vision & Stacks STX the worst-hit Podcast link here.
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đ Bitcoin Satoshi Vision
⥠Block Size War 2.0 heats up as Bitcoin SV spikes 33%
Bitcoin SV proponents maintain that BSVâs bigger block size and lower fees make it a better Bitcoin than BTC. CryptoSlate states Bitcoin SV has surged 33% over the last 24 hours while Bitcoin falters as rising transaction fees and chain bloat from Ordinals transactions take hold. Article here https://lnkd.in/djHCq6zW
đĽ PayPal recently disclosed its cryptocurrency holdings in a quarterly report filed to the U.S. Securities and Exchange Commission. Official filing here https://lnkd.in/dmKG6WTJ Cointelegraph has a great article on this which states Paypal has a combined total of $943 million in cryptocurrency assets as of March 31, 2023, the filing shows a 56% increase over the companyâs previous quarter where PayPal disclosed $604 million. And they reported that total financial liabilities for this quarter were $1.2 billion, with crypto assets making up 77.9%âââup more than 10% from 2022âs reported fourth-quarter liabilities. Article here https://lnkd.in/d3iQFijY
â Extreme left-wing multimillionaire, LeBronâs Nike RTFKT kicks Up demand as Los Angeles Lakers double lead. Some key highlights via DailyCoin here https://lnkd.in/dYdfJkbU
- RTFKT NFTs soar in trading volume on OpenSea after LAL beats GSW.
- RTFKT x Nike Air Force 1âââGenesis NFT floor price doubled since mint.
- LeBron James has never lost a game wearing RTFKT x Nike Air Force 1s.
Two UAE news: *See slides)
⥠MBZUAI (Mohamed bin Zayed University of Artificial Intelligence), OurCrowd Arabia ink MoU to boost funding for AI startups, research
⥠Dubai FinTech Summit 08thâââ09th May organized by DIFC
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
09th May: Crypto & Coffee at 8
đ¨ Bittrex files for Bankruptcy, đ¨Paxful restarts marketplace đťPEPE TokenđťđĽBRC-20 Tokens Near $1 Billion
đ¨ Global crypto market cap down to $1.14T: Anticipation of CPI numbers by the Bureau of Labor Statistics is possibly driving the market to go down. Buy Low/ Sell High!
â The only website to check the CPI data is https://www.bls.gov/cpi/
đ¨ Check the Blockchain DXBs podcast we cover this in detail & share our thoughts & commentary on this. We discuss the global crypto market, we look at Defi & the 24-hour volume, Stablecoins, & quite a lot more.
- Binance also records the highest BTC outflows In its history.
- 162,000 BTC Moved In a Day!
- The volume of Uniswap & Pancake Swap to the Moon. Podcast link here
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đ¨ Bittrex files for Bankruptcy after getting sued by U.S. Securities and Exchange Commission: The Wall Street Journal has reported that the Seattle-based crypto company has shut down its U.S. operations. Article here https://lnkd.in/dVUqSVT7 Bittrexâs assets and liabilities were both between $500 million and $1 billion, according to a bankruptcy petition filed in Wilmington, Delaware court.
â What happens to the funds? Bittrex said that it was still holding the crypto assets of U.S. customers who did not withdraw funds before April 30.
đĽ #builtwithbitcoin
Paxful restarts marketplace operations for the first time since April amid the suspended service, Ray Youssef said he had made his âfinal actâ as CEO after helping unfreeze 88% of certain usersâ accounts. Official info via Twitter here https://lnkd.in/dUrsQcVm We strongly recommend checking the Bitcoin Magazine link here to learn more about how Paxfuls #builtwithbitcoin is helping the community https://lnkd.in/dbgYTbiK More info by Cointelegraph here https://lnkd.in/dcHht6hw
đť Pepe Token has dropped more than 40% since its peak and hype last week. Buy the rumour Sell the news. The price pumped based on the rumour of it being listed on exchanges & NEWSBTC did report that a PEPE Whale transferred 4.23 Trillion coins To Binance The massive token movement was coming when the meme coin Pepe was to be listed on the crypto exchange Binance. Info here https://lnkd.in/dVDJDr9U
â BRC-20 tokens
Decrypt has reported that Bitcoin BRC-20 Tokens are Near $1 Billion Market Cap as Exchanges List ORDI & that the market cap of BRC-20 tokens has surged in recent days as traders drive up the value of the Bitcoin-based ORDI, MEME, and more.
â BRC-20 is an experimental framework for building fungible tokens on Bitcoin using Ordinals, the protocol that enables people to mint NFT-like assets on Bitcoin called inscriptions.
đ¨Two UAE news:
⥠Coinbase is considering establishing an international hub in the UAE
âĄAbu Dhabi Yas Island theme parks launch the use of AI customer-facing service
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
08th May: Crypto & Coffee at 8
đ¨ Bitcoin Network congestion! đĽ Binance closes BTC withdrawals â Ethereum Foundation sold $30M in Ether đ¨ Deloitte integrates blockchain for digital credentials.
đ¨ Bitcoin Network Struggles with unprecedented traffic and soaring fees On 07th May over 390,000 transfers were stuck &, waiting for confirmation. 179 blocks would need to be mined to clear this backlog. The reason for this is simple BRC20 tokens + an Increase in Ordinal inscriptions.
â BRC-20 is an experimental token standard recently introduced that allows users to create and transfer fungible tokens on the Bitcoin blockchain.
đ¨ Check the Blockchain DXB podcast we cover this in detail & share our thoughts & commentary on this. We discuss the global crypto market, we look at Defi & the 24-hour volume, Stablecoins, & quite a lot more. Podcast link here
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đĽ Binance mentioned via Twitter they have temporarily closed #BTC withdrawals due to the large volume of pending transactions. They have Rest assured, funds are SAFU. We strongly recommend reading the series of tweets here https://lnkd.in/dNGK8ZJc This is the 2nd pause in less than 8 hours CoinGecko data shows Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs.
đ¨ Cointelegraph has reported that On May 6, Ethereum Foundation Foundation transferred nearly $30 million in Ether ie ETH1,877 to the Kraken Digital Asset Exchange cryptocurrency exchange, causing jitters in the market about a potential selloff event.ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend.
âWho makes the decision to dump these coins? An interesting question posed by Brad Mills via Twitter Whatâs the difference between Ripple dumping hundreds of millions on retail vs ETH founders doing it? This surely does give much confidence in Security Exchange Commission is calling Ethereum security.
â Deloitte Integrates KILT Identity Blockchain, creating new markets with reusable digital credentials: The credentials will âhave multiple use cases,â including regulatory compliance for banking & DeFi, age verification for e-commerce, private logins and fundraising. Official news here
đ¨ Two UAE news: See slides for more info & our commentary on it
⥠BuzzAR and Cypher Capital Group team up for the Metaverse project
⥠Palazzo Versace Dubai launches the first-ever AI-based chatbot
For slides click here:https://tinyurl.com/4ft5wf79
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
May the 04th be with you: Crypto & Coffee at 8
đ¨FOMC: 25bps đťbitcoinđť Binance BUSD market capđť Robert F. Kennedy Jr, crypto-friendly President? đ Balaji Srinivasan. closes Bitcoin bet of $1m âPEPE the meme coin kingâ
đĽFederal Reserve Board chair Jerome Powell started the FOMC meeting by saying that âConditions in the banking sector have improved since early March & the US banking system is sound and resilientâ followed by an increase in an interest rate hike by 25pbs. We strongly recommend watching the full video here https://lnkd.in/d6gYaC_Q Some crucial Q & A session about the First Republic, Federal Deposit Insurance Corporation (FDIC)
đĽ How did Bitcoin react to the news?
- BTC was down about 1% after the announcement, itâs important to note its the10th rate hike in over a year
- Binance BUSD market cap is now below $6B, reduced by over 50% since the last 3 months
đ¨ Check out Blockchain DXBs crypto & coffee at 8 podcasts where we cover this news in detail
đĽDemocratic presidential candidate Robert Kennedy Jr. is criticizing The White House effort to establish a 30% tax for crypto mining in the U.S.the latest presidential candidate and a member of one of the most famous U.S. political families raised a number of crypto issues in his newly announced campaign to challenge Joe Biden. He also mentioned via Twitter âCryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engineâ. and more here https://lnkd.in/dr99-_GQ More info via CoinDesk here https://lnkd.in/dTeq2cqN
đ Market manipulation by Balaji S.?
Balaji S. former CTO of Coinbase on May 02nd said the bet had been âclosed out by mutual agreementâ 45 days ahead of time. Details via his Twitter here https://lnkd.in/di_CGN_H Could this have been market manipulation by him all along? Security Exchange Commission U.S. Securities and Exchange Commission
Time line of price per #BTC
17th March $24,628 (Open bet)
02nd May $28,638 (Close bet)
- 1st Create demand by publicly announcing the bet
- 2nd People buy Bitcoin (based on his bet)
- 3rd Price of Bitcoin increase
- 04th Balaji S. existing net worth in #BTC increases
- 05th Close the bet ( pay more, blame the government, act concerned for the economy, take the profit & chill)
đĽ PEPE the new meme coin king!
It has skyrocketed 2300% in the last 30 days & surpassed Dogecoin In Trading Volume. it has also entered the marketâs top 100 largest cryptocurrencies, with a market capitalization of $582 million. Even Google trend score for âpepecoinâ surged from 3 to 100 from the week of April 9 to the week of April 16.
â The reason for this is maybe due to listing on several cryptocurrency exchanges, such as OKX, Huobi, Gate.io, and MEXC Global.
đ¨ 2UAE news ( see slides)
⥠Dubai Regulator Reprimands Open Exchange (OPNX) Founders for Conducting Unregulated Activity
⥠Gulfâs first AI-powered learning hub Healthvarsity for health professionals launch in Dubai
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
03rd May: Crypto & Coffee at 8
đ¨ FOMC meeting: today đĽfaces class action lawsuit đĽ Dangers of AI đSothebyâs NFT Market place
đ¨ FOMC Meeting
â Federal Reserve Board Chair Jerome Powell will be announcing the interest rate hike official information available here https://lnkd.in/d8QBGRX3. We strongly recommend watching the session live via YouTube as it would have a massive impact on the price of #bitcoin & #cryptocurrencies
â How will this news impact Bitcoin & Cryptocurrencies?
- 25bpsâââGood
- 50bosâââBad
- 75pbsâââTerrible
đĽ Blockworks article states crypto dips, equities trade sideways ahead of Fed rate decision & that Analysts largely agree the central bank will opt for a 25basis point increase, and the market is betting on this being the last. Article here hike. https://lnkd.in/dSa2EfYX
đ¨ Forbes last week mentioned that The FOMC will likely deliver its third consecutive quarter of a percentage point rate increase, Could This Be the Fedâs Final Rate Hike? This was before the collapse of First Republic Bank https://lnkd.in/dW9DaD7z Two important considerations for Jerome Powell will be
- US Debt ceiling
- Banking collapse
đĽ Coinbase faces suit over alleged privacy violations in biometrics collection. The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored usersâ fingerprints and facial scans. Official filing here https://lnkd.in/d4eXUDrb Cointelegraph has a great summary on this here https://lnkd.in/dV4HBANG
đĽ Check out Blockchain DXBâs crypto & coffee at 8 podcast where we explore this & more in detail & discuss how Coinbase is violating certain provisions of Illinoisâ Biometric Information Privacy Act (BIPA).
đ¨ Dangers of AI
Dr Geoffrey Hinton the Godfather of AIâ resigns from Google and warns of the dangers of AI. The full interview with The New York Times is here https://lnkd.in/d4tymcB4 For half a century, Geoffrey Hinton nurtured the technology at the heart of chatbots like ChatGPT. Now he worries it will cause serious harm. He also mentioned via Twitter â I left so that I could talk about the dangers of AI without considering how this impacts Googleâ. His tweet here https://lnkd.in/dp3aRVhC
đ¨ Sothebyâs launches an On-Chain NFT marketplace for secondary art sales. Decrypt has reported that famed auction house Sothebyâs now supports secondary NFT sales, letting collectors list and make offers on work from select artists. Launching a portal on its Sothebyâs Metaverse platform where secondary NFT artwork sales are conducted peer-to-peer and fully on-chain.
đ¨Two UAE news: (See slides)
⥠BitOasis has received the first broker-dealer minimum viable product operational license from Dubaiâs VARA
⥠Finoverse teams up with MaskEX Global to start collaboration between Dubai and HK crypto Ecosystems
For slides click here: https://tinyurl.com/535z2vbz
LinkedIn Profile: https://tinyurl.com/569zh78j To help support his channel:
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
02nd May: Crypto & Coffee at 8
đĽFirst Republic Bank sold to JPMorgan Chase & Co. đEthereum Gas Fees 153% đ đ¨ Drama time: H.E. Justin Sun vs Changpeng Zhao đ¨CBDC event by Blockchain DXB
đ¨ Global crypto market at $1.16T. Tomorrow Federal Reserve Board Chair Jerome Powell is going to be announcing the interest rate hike, most likely 25bps. After the announcement are we going to see an increase in the price of #btc, #eth & #crypto? See slides 1 & 2
âThe 24hr volume of Uniswap has doubled since the last 24 hoursâ
đĽ First Republic Bank Is seized by regulators and sold to J.P. Morgan. As part of the deal, 84 First Republic branches in eight states reopened as JPMorgan branches on Monday More info via The New York Times here https://lnkd.in/eqdyF5ya
âLetâs go, Brandonâ
- Biden said shareholders would lose their investments, but depositors would be protected after federal regulators seized First Republic Bank and sold it to JPMorgan Chase. For context, First Republic is the second-largest U.S. bank by assets
đĽ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we explore this in detail and explore how this impacts Bitcoin & Vice-versa. We discuss.
- Potential Impact on the Decision-Making Process for the US Debt Ceiling:
- Potential Impact on Hyperbitcoinization
đEthereum Gas Fees
Bitcoin.com has reported that Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, on-chain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights a substantial surge in the costs associated with Ethereum network transactions, indicating a notable increase in on-chain activity. Onchain Fees on Ethereum Network Soar by 153% in a Month, While Arbitrumâs Daily Transactions Exceed ETH Post-Shapella Upgrade https://lnkd.in/eHcYp3Gk
đĽ Justin Sun v CZ
Binance CEO CZ prevents Justin Sun from participating in the SUI token launch. Key information via Twitter
- https://lnkd.in/eWi7kk3m
- https://lnkd.in/e4_aj6qw
đĽ Justin Sun did apologize for the oversight & contacted the exchange team and arranged for a full refund of the funds. Listen to our episode where we explain the drama.
đ¨ Two UAE news: (See slides)
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & Role in the Metaverse- 01st June 2023 Register via Eventbrite here https://lnkd.in/e2RSkyt5
⥠Stablecoin from UAE, key considerations to issue stablecoin by Blockchain DXB
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
01st May: Crypto & Coffee at 8
đĽ2 Million Ordinal Inscriptions đUS debt ceiling updateđGlobal Crypto numbers đť PayPal for Venmo CustomersđĽ
đĽ The U.S. Department of the Treasury has an excellent explanation of Debt Limit here https://lnkd.in/dZXcFbta House Republicans narrowly passed sweeping legislation on Wednesday that would raise the governmentâs legal debt ceiling by $1.5tn in exchange for steep spending restrictions, a tactical victory for the House speaker, Kevin McCarthy, as he challenges Joe Biden to negotiate and prevent a catastrophic federal default
â How does this impact the price of Bitcoin & Cryptocurrencies?
đĽ The current Debt ceiling is $31.4 trillion
- Fortunes article quoting Standard Chartered Bank states If the U.S. defaults on debt Bitcoin could rise nearly 70%
Global crypto numbers: Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we explain this in detail and share our commentary on it. See slides 1 & 2 below for detailed info. Some concerning metrics are:
- Global market
- Stablecoins
- Defi
â We also explore Defi project DODO, explain what the project is and questions about its Total Value Locked & 24hr volume
đ NFTs on Bitcoin Blockchain: 2 Million Ordinal Inscriptions Milestone in Just Over 4
đ¨ Bitcoin.com has reported As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to 196.22 bitcoin, equivalent to $5.78 million. Article here https://lnkd.in/dmtXqbFD Will the trend continue heading in 2024?
⥠PayPal is introducing crypto transfers for Venmo customers. The new feature enables customers to transfer cryptocurrency to friends and family on Venmo or PayPal, and other wallets and exchanges in the crypto ecosystem. Official info https://lnkd.in/duZv78dQ
đ¨ Two UAE news: (See slides below for more info & listen to our podcast to get our commentary on it
⥠Dubai metaverse company Everdome.io secures $60m pledge from investment group GEM
⥠Dubai leads the way in Web 3.0 adoption- Khaleej Times
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
27th April: Crypto & Coffee at 8
đĽFirst Republic Bankđť Bitcoin Up đđĽ Coinbase sues U.S. Securities and Exchange Commission,â Bitcoin the future of payments đ Crypto is for illicit financeâââUS regulators (CFTC)
đĽ Reuters has reported that First Republic Bankâs market value plunged below $1 billion for the first time ever on Wednesday after a report said the U.S. government was unwilling to intervene in the rescue process, hammering the lenderâs stock. The bankâs market capitalization at its peak in November 2021 was $40 Billion. As of today, it is currently at $886 million. Article here https://lnkd.in/dqSN7kt2
đ How did this impact Bitcoin?
Bloomberg reported that Bitcoin retook the $30k level due to US banking concerns. The article also explores crypto has been pitched as an alternative to traditional banking. https://lnkd.in/dCf84U7c
đ Bitcoin.com states customers withdrew around $100 billion in deposits from First Republic in March. Are we heading towards an era of separation of money and the state? Article here https://lnkd.in/dYuM8e6T
đĽ Coinbase took legal action against the SEC on Monday, asking a federal judge to force the regulator to share its answer on Coinbaseâs July 2022 petition on whether existing securities rule-making processes could be extended to the crypto industry. Paul Grewal mentioned via Twitter
Coinbase has filed a narrow action in federal court to compel the SEC to do one simple thing: respond yes or no to Coinbaseâs pending rulemaking petition that asks the SEC to provide overdue guidance for the crypto industry. The Official filing can be seen here https://lnkd.in/dd22T7gn
đĽ CNBC article has a great summary here https://lnkd.in/dyvzyVuY
â David Marcus, CEO of Lightspark in an interview with Decoder with Nilay Patel said that Bitcoin is still the future of payments and the article by The Verge here https://lnkd.in/dr2F3ikA states Crypto has a lot of haters these days. The former Facebook exec is trying to prove them wrong with his Bitcoin startup. Episode via Spotify here https://lnkd.in/dEkMcVuJ
đ U.S. Commodity Futures Trading Commission: âCrypto must end anonymity for illicit financeâ Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission, said cryptocurrencies were being used to finance cybercrime with victims including individuals, companies, hospitals and critical infrastructure. Article via Reuters here https://lnkd.in/dDfGpmMB
â Itâs important to understand the difference between Privacy and Anonymity Zero-knowledge proof with the ability to publicly verify & authenticate transactions is a game changer in this regard.
đ¨ Two UAE news (See slides)
⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 02nd June
⥠PESTLER analysis on Bitcoin on 02nd June(Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
26th April: Crypto & Coffee at 8
đĽâCrypto is dead in Americaâ đ¨ Ripple may leave the USA? đĽ Google Cloud to help web3 developers đ Visa hiring crypto developers.
đ¨ Multibillionaire, early adopter & probably the largest Hodler of Bitcoin Chamath Palihapitiya, CEO of Social Capital who previously claimed Bitcoin has replaced gold and would eventually get to $200,000, now says âcrypto is dead in America.â For more information via ALL IN Podcast check it out here via YouTube here https://lnkd.in/dzHJfqhc his comments are around the 1hr 21:40 mark
⥠Palihapitiya blamed cryptoâs demise largely on regulators, who have gotten much more aggressive in their pursuit of bad actors in the industry. Securities and Exchange Commission Chairman Gary Gensler has said crypto trading platforms should abide by strict U.S. securities laws.
đĽ Ripple may leave the USA.
⥠DailyCoin reported that In July 2022, Ripple CEO Brad Garlinghouse warned that the company would consider moving to another country if it loses the case in the United States, citing the need to build its business in a more regulatory jurisdiction amenable to its operations. The article here mentions of the 66 open positions at Ripple, 46 are currently offered outside the United States, with only six US-based jobs being internships.
https://lnkd.in/ddFgwFNe
â Itâs not regulations BUT lack of clarity by the U.S. Securities and Exchange Commission seems to be the problem. â
đĽ Google + Web3.0
⥠AI and Web3 startups can now get additional benefits as part of the Google for Startups Cloud Program. Google Cloud is looking to help Web3 builders fast-track their projects by expanding its early-stage support program for the community. The âGoogle for Startups Cloud Programâ initiative, which provides support for startups and emerging projects, will now be offered to builders in the Web3 industry to scale their projects faster and more securely, according to a press release on Tuesday. More info here https://lnkd.in/dCFrVgBJ
đ¨ Blockworks is reporting that Visa is hiring more crypto developers to drive mainstream adoption. Visa seeks experienced crypto developers to advance the acceptance of public blockchain networks and stablecoin payments. Article here https://lnkd.in/dshqq-3v The Job listing is here https://lnkd.in/dpZVimG6 What is cool to note is that it states Visa is looking for engineers who are âpassionate about the Web3 stack of technologies.â
Check out Blockchain DXB crypto & coffee at 8 podcasts where we cover this & lot more such as the global crypto market, #defi, #stablecoins & top performing Dapps.
đ¨ Two UAE news: ( See slides) & listen to our podcast to get our commentary and thoughts on this
⥠Venom Foundation Announces The Release Of Its Public Testnet
⥠Saudi Arabia teams up with South Koreaâs WEMADE to power gaming and blockchain sectors
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
25th April: Crypto & Coffee at 8
đĽ Standard Chartered Bank says Bitcoin to reach $100k đ¨US sanctions 3 from North Koreans đĽBinance opens its business in Russia
đ Bitcoin price predictions are 100% right, 50% of the timeâ
⥠Geoff Kendrick, head of digital assets research for Standard Chartered Bank says bitcoin could reach $100,000 by the end of 2024, saying that the so-called âcrypto winterâ is over. For context, A Citi analyst said in Nov 2020 that Bitcoin could climb as high as $318,000 by the end of 2022. It closed last year down about 65% at $16,500. More info via Reuters here https://lnkd.in/d9hfqVkH
đĽ With the US debt ceiling heading towards the moon, recent Banking collapse & ongoing Geopolitical chaos could these scenarios lead to a world of Hyperbitcoinization? Check out Blockchain DXB crypto & coffee at 8 podcasts where we cover this & lot more such as the global crypto market, #defi, #stablecoins & top performing Dapps.
đĽ The U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) sanctioned three individuals for providing support to the Democratic Peopleâs Republic of Korea (DPRK) through illicit financing and malicious cyber activity. Official info here https://lnkd.in/dsj39cYx
Since at least late 2017, the DPRK has been engaged in virtual currency thefts and fraud schemes to generate revenue for its unlawful ballistic missile and weapons of mass destruction programs.
â The North Korean Foreign Trade Bank Representative has also been charged with Crypto Laundering Conspiracies More info via the U.S. Department of Justice here https://lnkd.in/dDZeGtKc
đľ Binance in Russiaâ
BeInCrypto has reported that Binance ends Russian Account Limits as the country uses tech to bypass sanctions. So now Binance is allowing users to make payments with Russian bank cards for the first time since March. Article here https://lnkd.in/dR6gT4rS Is this legit news or just a rumour? As no official news has been announced on this.
đĽ CryptoSlate article states that RBC reported that Binance Russian users are still restricted from peer-to-peer transactions in U.S. dollars and Euros. And RBC also reported that the technical support team wrote that Russian users could now deposit beyond âŹ10,000 on the platform and use them for trading. https://lnkd.in/d4xFPMmF
đ¨ Two UAE news: (See slides & check out our podcast to get our insights and thoughts on this
⥠The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has issued this Consultation Paper to seek views on its proposed new framework for foundations that facilitate distributed ledger technology (DLT) and token issuance (DLT Foundations).
⥠Digital Future Forumâââ20th June 2023 by ITP Media Group
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
24th April: Crypto & Coffee at 8
𼜠Is Defi Dead? đĽ US Debt Ceiling & HyperbitcoinizationđŁđ¨ MICA regulation to take effect in 2024. Trust Wallet Security Vulnerability
đ¨ On Thursday, MEPs approved with 529 votes in favour to 29 against and 14 abstentions, the first piece of European Union legislation for tracing transfers of crypto-assets like bitcoins and electronic money tokens. making it the first major jurisdiction in the world to introduce a comprehensive crypto law. The rules to take effect in 2024
đĄ Some highlights are below
Uniform legal framework for crypto-assets markets in the EU
Operations with crypto-assets will be traced in the same way as traditional money transfers
Enhanced consumer protection and safeguards against market manipulation and financial crime
đď¸ Check out Blockchain DXB crypto & coffee at 8 podcasts where we cover all the details. We also discuss if Defi is dead. The TVL (Total value locked) is looking absolutely horrendous & the volume in stable coins is terrible as well.
đ Trust Wallet, a popular crypto wallet, identified and resolved a major WebAssembly (WASM) vulnerability within its core wallet software library. $170,000 was lost due to the vulnerability, Trust Wallet added that it would issue refunds and has created a reimbursement system to support affected users.
đ¨ The issue impacted wallet addresses on Ethereum and other blockchains generated through the Trust Wallet browser extension between Nov. 14 and Nov. 23, 2022. Article by The Block here https://lnkd.in/dpmZ8YP6 Official blog here https://lnkd.in/dyexvFiM Also the project said on Twitter. âMost at-risk funds are secured.â here https://lnkd.in/dNP4x2rf
đĽ The top congressional Republican Kevin McCarthy said Sunday he will hold a vote this week on raising the US debt ceiling and curbing spending, as he accused President Joe Biden of ducking negotiations ahead of a looming default.
â How will this impact the price of Bitcoin & Cryptoâ
đĽ Bloombergâs article states that House moderates float US Debt-limit extension until December. A Bipartisan group proposed a backup plan to set aside the US debt ceiling limit through year-end in case Joe Biden and house speaker Kevin McCarthy fail to reach a deal on a long-term solution https://lnkd.in/drTvzHxT
⥠Could Hyperbitcoinization be a reality?
⥠We feel external Geo-political situations directly or indirectly linked to the USA could trigger such an effect.
⥠What are the dangers of Hyperbitcoinization?
đ¨ Two UAE/Middle East news: See slides)
⥠Farm To Plate announces blockchain-based food supply chain solution for the UAE
⥠The Saudi Food and Drug Authority (SFDA) has empowered consumers by enabling them to track the sources of food and beverages through blockchain technology.
For slides click here: https://tinyurl.com/2p865d3
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨ Chalhoub Group & Co-Founder at SOL3MATES
⥠Website: https://sol3mates.xyz/
⥠Discord: https://tinyurl.com/mwyurs3b
⥠Allowlist: https://www.premint.xyz/sol3mates/
⥠WhatsApp group: https://tinyurl.com/yb4n59rt
⥠Perks for SOL3MATES OG NFT Holders https://tinyurl.com/3u4mpntu
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Guest: Brittany NickVinckier-Head of Corporate Innovation at Chalhoub Group & Co-Founder atSOL3MATES
Host: RA GeorgeBlockchain DXB
Date 18th April
Google Meet: Audio version
Time: 15:00 GST
Contact details: Nick Vinckier
LinkedIn: https://tinyurl.com/ms7ep6rwemail: nick.vinckier@chalhoub.com
Instagram: @nickvinckier https://tinyurl.com/yuc95zmm
Twitter: @nickvinckier https://tinyurl.com/yzxvdev3
WhatsApp group: https://tinyurl.com/yb4n59rt
Contact details: SOL3MATES
Website: https://sol3mates.xyz/
Discord: https://tinyurl.com/mwyurs3b
Twitter: @sol3mates_xyz https://tinyurl.com/bdz7ttbz
Allowlist: https://tinyurl.com/58ksec38
Whitepaper: https://tinyurl.com/bdfcj63k
Become an Ambassador: https://tinyurl.com/2cs6wny7
LinkedIn https://tinyurl.com/35p46c8h
Article by Arab News: https://tinyurl.com/2bcfkk7s
Instagram @sol3mates.xyz https://tinyurl.com/4u9bd3uc
Perks for SOL3MATES OG NFT Holders https://tinyurl.com/3u4mpntu
Summary of the conversation:
19th April: Crypto & Coffee at 8 đď¸
đ¨ Coinbase to move away from the USA? đĽLegislation to Fire U.S. Securities and Exchange Commission Chair Gensler đ´President Trump makes NFTs great again!
đ Is Bitcoin Apolitical?
đ´ Republicans: In favour of Bitcoin, Open source, Cryptocurrency & freedom of speech & NOT in favour of CBDC
đľ Democrats: In favour of more control over money, in favour of CBDC, in favour of being woke & NOT in favour of Bitcoin, Open source, Crypto & freedom of speech
đŻ Regulations are needed as long as they donât stifle innovation!
â Coinbase CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. He hinted this after former U.K. Chancellor George Osbourne asked whether he could see Coinbase leaving the U.S. at Fintech Week London More info via CoinDesk here https://lnkd.in/eZyR9jdA The article also states Bittrex said it planned to exit the U.S. by the end of April, citing âthe current U.S. regulatory and economic environment.â Info here https://lnkd.in/eUjN9ZK5
đ´ Gary Gensler: Youâre Fired!
đĽ Representative Warren Davidson (Republican) is introducing legislation that removes the Chairman of the U.S. Securities and Exchange Commission & replaces the role with an Executive Director that reports to the Board (where authority resides). Former Chairs of the SEC are ineligible. He replied to a tweet by Paul Grewal https://lnkd.in/eTyz56JP
â Will this ever happen? Extremely unlikely
đ´ Representative Tom Emmer (Republican) attacked Gensler for not being clearer with his rulemaking & said, claiming that Gensler was pushing American firms into the âhands of the CCP (Chinese Communist Party.)â Full details here via YouTube https://lnkd.in/eKnF63KA
đ´ Make NFTs Great Again!
đĽ President Donald Trump drops more NFTs. The second collection of digital trading cards, with tens of thousands of new collectables now available for mint. Decrypt has reported that the second series of Trump Digital Trading Cards spans a total of 47,000 NFTs minted on Polygon, an Ethereum sidechain network, with 1,000 of the NFTs held back by the developer. Each sells for $99, as with the original December 2022 drop, with some cards featuring Trumpâs digital signature. Article here https://lnkd.in/e3cC8Syj
đ Sweat Economy
Oleg Fomenko, Co-founder of Sweat Economy has introduced a 1-Person, 1-Vote Governance System. The vote will take place directly in the dappâs mobile app, and will decide how the protocol spends 100 million of its native sweatcoin (SWEAT) tokens. Info via Binance Labs news here https://lnkd.in/eiKbu7mA
đ Two UAE news: (See slides)
⥠Crypto exchange Bybit opens global headquarters in Dubai.
⥠UAE Securities Regulator to start accepting license applications from crypto firms.
For slides click here: https://tinyurl.com/4r5z8xzs
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
18th April: Crypto & Coffee at 8 đď¸
đUS debt ceiling đ#BTC below $30kđť, U.S. Securities and Exchange Commission charges Bittrexđ¨đźââď¸, đ¨Rippleâs product adopted by three Japanese banksđ¨
đŻ #Fact: All price predictions are 100% right, 50% of the time â
đ¨Balaji S. former CTO of Coinbase has been silent on Twitter after his last take on âThe Fiat Crisisâ, would be interesting to see the status & dangers of Hyperbitcoinization, if that would ever happen.
đĽWith the US debt ceiling the main agenda for politicians. Republican House Speaker Kevin McCarthy denounces US debt as a âtime bombâ in a major New York City speech. More info via Al Jazeera English here https://lnkd.in/duwNebZ4 He pledged on Monday to pass legislation to raise the nationâs debt ceilingâââon the condition of capping future federal spending at one per cent.
đˇ The White House has strongly criticized the announcement. Biden and White House officials have called on Congress to approve a debt ceiling increase without conditions.
âŚď¸ Peter Schiff has put an excellent blog on his website âJoe Biden Is Mucking Up the âInflation Fightâ here https://lnkd.in/dw2S-vdQ & Q1 Gold Demand in China Hit Highest Level Since 2019 but are interesting to read as it states China ranks as the worldâs biggest gold market. https://lnkd.in/dWFS649F
đď¸ Where does Bitcoin fit into this and in the world of De-dollarization? Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we share our opinions and thoughts on this. We discuss.
- Hyperbitcoinization & its dangers
- De-dollarization
- A new version of Bitcoin?
đ´ SBI Remit Co., Ltd., the remittance-focused arm of the Japanese financial services conglomerate SBI Digital Asset Holdings has added support of its mobile MoneyTap application to three local banks, including
Yamaguchi Bank, Momiji Bank and Kitakyushu Bank, SBI Remit was announced on April 17. Official news in the Japanese language here https://lnkd.in/db3BzBVS Cointelegraph has a brilliant summary in English here https://lnkd.in/drGyX2ev
đľ U.S. Securities and Exchange Commission mentioned via Twitter that they charged the crypto asset trading platform Bittrex. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. Official article here https://lnkd.in/dcc3QjUg
đš Bittrex Global GmbH has also been charged for failing to register as a national securities exchange
đŚ Gurbir Grewal, Director of the SECâs Division of Enforcement said that âWe allege that Bittrex repeatedly chose profits over investor protection,â
đ Two UAE news: (See slides for more info)
⥠ADIBâââAbu Dhabi Islamic Bank becomes the first Islamic bank to go live on the KYC Blockchain Platform
⥠LandVault teams up with Super League Gaming for the Metaverse
For slides click here: https://tinyurl.com/yjrt73p8
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
17th April: Crypto & Coffee at 8
âď¸ Legal: Draft Stablecoin Bill đ Bitcoin below $30k đšAI to destroy civilizationđ¨ President Donald Trump Earned Up To $1M From NFT Sales
đ¨The U.S. House Financial Services Committee published a draft version of a potential bill with proposals including a moratorium on stablecoins backed by other cryptocurrencies and a request to study a central bank digital currency (CBDC). Official bill here https://lnkd.in/dSHY-5s2 A live hearing Entitled: Understanding Stablecoinsâ Role in Payments and the Need for Legislation can be watched here https://lnkd.in/dfrfEwCY
đĽ It is essential to note that the hearing will come a day after the full Financial Services Committee meets to hear from U.S. Securities and Exchange Commission Chair Gary Gensler. Jeremy Allaire Co-founder & CEO of Circle mentioned a series of Tweets https://lnkd.in/dtZGSW_M
đ During Covid 19, Inflation & War has Stable coin been a safe haven to the global cryptocurrency market? #digital Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we share our thoughts and opinions on this & also look at the global market. Some of the discussion would revolve around the following
- Bitcoin below $30k
- Defi 24hr volume $3.40B
- TVL discussion on top 5 & more
- Stablecoins $31.02B but still account for 88.02% of the total crypto market volume.
- Market Cap of stablecoins vs 24hr trading volume
𼜠Elon Musk, CEO of Twitter & Tesla, owner of Neuralink sits down with Tucker Carlson for an exclusive two-part interview event & Musk will address AI, the future of Twitter and more on the 17th and 18th in editions of âTucker Carlson Tonight. In the preview clip, he mentioned AI is more dangerous than Mismanaged aircraft design & has the potential for civilization destruction.
â He also commented on a tweet â Speaking about artificial intelligenceâs potential for civilizational destruction, Musk said, âAnyone who thinks this risk is 0% is an idiot.â https://lnkd.in/dvPBQrdb
đ¨ A filing from the U.S. Office of Government Ethics shows that former president Donald Trump has made anywhere from $100,001 to $1 million from sales of Trump-branded non-fungible tokens (NFTs) Official filings here https://lnkd.in/diRTji9g
đ¸ CoinDesk article states that according to the filing, submitted on Friday, Trump holds the position of âmanager, president, secretary and treasurerâ at CIC Digital LLC and CIC Ventures LLC.
đĽ Two UAE news: (See slides)
⥠FalconViz, a Saudi leading asset digitization company, announces its first metaverse lab in KSA
⥠Dubaiâs Museum of the Future to host annual âMachines Can Seeâ summit DUBAI FUTURE FOUNDATION
For slides click here: https://tinyurl.com/mpdnxtv4
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
14th April: Metaverse Everything! đď¸
đ´ Are we Metaverse ready? Check out our podcast where we share our thoughts on opinions on this. People are ready but the technology is not yet ready Can a centralised metaverse offer a better experience than Decentraland & The Sandbox, if yes but at what cost? A few things to consider when thinking if we are Metaverse ready are ( see slides 3)
â Gartner had predicted that 30% of organizations will have products and services ready for Metaverse by 2026 https://lnkd.in/ddf3ZPs7
â Decrypt article stated Weâre Ready for the Metaverse but the Technology Is Not.https://tinyurl.com/mvp6s6ds https://lnkd.in/dBrEeSXr
â INSEAD Knowledge article states In 2026, an estimated 25% of consumers will spend at least an hour a day in the metaverse
đ In order for users to switch from the currently existing systems to Metaverse the user experience needs to be 10x better than what we are currently experiencing.
đĽ Facebook changing its name from Facebook to Meta has had a positive and negative impact on the Metaverse industry. See slide 5. A centralized & Woke Metaverse will definitely not be ideal
đˇ Extreme Left-leaning Forbes has provided a useful article discussing the challenges marketers can face in the Metaverse. Some useful points here https://lnkd.in/dzRKYC98 The stressed challenges such as
- Hyperspeed
- Limitless space
- Vast channel ecosystem
They also offer ways to overcome these challenges in the Metaverse it Consumer reach, Commerce Management & Product Data ecosystem
đ Top 5 Metaverse from the world
⥠Changi Airport Group enters the metaverse with Changi Verse Source International Airport Review here https://lnkd.in/dsHvxr9v
⥠Shiba Inuâs Metaverse will partially open by end of 2023 Source CoinDesk https://lnkd.in/dtV8Ha_y
⥠Sopra Steria & NVIDIA leverage the power of industrial metaverse Press release here https://lnkd.in/drkuU54c
⥠U-Topia Metaverse Online virtual social networking site IMVU and Pussy Riot band member Nadya Tolokonnikova announced the launching of a Web3 metaverse community space called Utopia Source VentureBeat
https://lnkd.in/deqCkHM8
⥠Metaâs excellent blog explaining âHow the Metaverse Can Transform Educationâ a great blog here https://lnkd.in/d7BrwPFQ
đ¨ Top 5 Metaverse from the Dubai
⥠Dubai Customs introduces metaverse to revolutionise customs
leadership development Source Zawya https://lnkd.in/dPQR2XaS
⥠Evometa, a new player in the metaverse in the UAE makes its entry https://lnkd.in/dBc5cDnT
⥠Dubai International Arbitration Centre (DIAC) has launched its metaverse platform for dispute resolution. Gulf News https://lnkd.in/dy9qBr2M
⥠Dubai Verse Cup: Horse Racing in the Metaverse Source Al Badia Magazine https://lnkd.in/derAQGi9
⥠Dubai Customs recently organized the âFuture Foresight Forumâ during the UAE Innovation Month 2023. Article here https://lnkd.in/d55bDWgp
For slides click here: https://tinyurl.com/5n8tsedj
LinkedIn Profile: https://tinyurl.com/569zh78j
13th April: Crypto & Coffee at 8 đď¸
đ´ CPI numbers: Inflation 5% đ Ethereum Shanghai Upgrade news â TVL to the đ âCanada: Paxos, dYdX & OKX leave Canada â
đ´ The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.% in March on a seasonally adjusted basis, after increasing 0.4 % the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all-items index increased 5.0 per cent before seasonal adjustment. Official news here https://lnkd.in/dZBYUEsx How has this impacted the price of #BTC, #ETH & global #crypto market? See slides 1 & 2 below for a details breakdown
đď¸ Barronâs article states that Inflation data from March might be strong enough to push the Federal Reserve Board to raise interest rates again next month. The FOMC meeting is scheduled to take place on 3rd March.
đ¨đźâđź Economist Harry Dent expects the biggest crash in our Lifetime to hit between now and mid-June. He said this in an interview with David Lin Interview via YouTube here https://lnkd.in/dE9YzkmC Some of his predictions areâ
- S&P 500 to go down 86%
- Nasdaq to crash by 92%
- #Bitcoin will go down more like 95%, or 96%.
â Note: All price predictions are 100% right, 50% of the time
đ Ethereum Shanghai Upgrade: The Shanghai upgrade was triggered at 22:27 UTC, and finalized at about 22:42 UTC. Roughly half an hour after the Shanghai upgrade was activated, some 285 withdrawals in epoch 194,408 had been processed, for about 5,413 ETH ($10 million worth), according to Beaconchain. CoinDesk has great summer on this here https://lnkd.in/dA2vdN9J
đď¸ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we give our commentary on this & more
â What is going on in Canada đĽś
đĽ Paxos, the company joins others that have decided to depart from the country in the face of increased regulatory requirements. Official information here https://lnkd.in/dkDQdd5M They have mentioned that Paxos will continue to assess its readiness to re-enter the Canadian market in cooperation with the OSC at a future date.
đĽ dYdX has also decided to shut down operations in Canada over unfavourable regulations Official https://lnkd.in/dWNdYAng
đĽ A few weeks ago OKX also decided to pull out of Canada citing ânew regulationsâ OKX exchange notified its community via email that the platform would not allow opening new accounts and would cease its services in Canada by March 24, 2023
đˇ Blockchain.com and Deribit are widely touted to halt their services
đ´ Two UAE news ( See slides)
⥠Dubai Customs introduces metaverse to revolutionize customs leadership development
⥠World Metaverse Council is a strategic partner for the Riyadh event
For slides click here:https://tinyurl.com/yxmv2rct
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
12th April: Crypto & Coffee at 8 đď¸
đĽ CPI / Inflation numbers đĄ Ethereum Shangai Upgrade đWorld Regulators are looking at DeFi đť Binance BUSD market cap: Less than 50%
đ Inflation numbers will be out later today. The official link to track is via the Bureau of Labor Statistics here https://lnkd.in/dvszVTUw
đ¨ Reuters article states Dollar dips ahead of inflation data due Wednesday the article states the Federal Reserve Board is seen as likely to hike rates by an additional 25 basis points at its May 2â3 meeting, before pausing in June. here https://lnkd.in/dP9DwSga
What impact will this have on the price of Bitcoin & crypto?
đ CoinShares weekly blog via Medium states last week saw Positive sentiment with inflows of US$57m. Bitcoin saw US$56m of inflows, representing 98% of all inflows. The blog also states Despite the Shapella upgrade occurring on the Ethereum network today ie 12th April, inflows have been relatively minor at US$0.6m.
â Ethereum Shangai Upgradeâ
The Shanghai upgrade is expected on Wednesday at 22:27 UTC (6:27 p.m. ET) Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we explore this in detail also discuss Binance BUSD market cap & more
đ´ Shapella upgrades for Ethereum will finally be implemented on the mainnet on April 12. This will enable those who staked their ETH to withdraw their coins for the first time. Marc-Thomas Arjoon, CFA has an excellent blog here https://lnkd.in/duj_Cc-2 explaining the details.
đť CoinDesk has shared a list of Watch parties
đ Glassnode weekly insights look at cohorts of stakers, and assess the potential sell-side pressure which may occur due to the unlock event. Article here https://lnkd.in/dxBn9zdH
đDefi
đ The U.S. Department of the Treasury and Banque de France both published reports assessing how well DeFi entities meet anti-money laundering regulations and how these entities and tools may be used in illicit finance.
đš U.S. Department of the Treasurys report: Illicit Finance Risk Assessment of Decentralized Finance here https://lnkd.in/dqUjBNSN which is 42pages discussing the market structure, and illicit finance threats, vulnerabilities & mitigation measures CoinDesk has a great summary here https://lnkd.in/d74ZCaN4
đš Banque de France report; âDecentralisedâ or âdisintermediatedâ finance: what regulatory response? https://lnkd.in/dTpRAVQ5 52 page report here discusses the definition, use case, schematic structure, risks associated with Defi, risks of the application layer, and avenues of the regulatory framework.
đ Two UAE news: (See slides)
⥠BlueWheel Gulf secures 5 MW bitcoin mining contract from private investors in Dubai
⥠Republic Crypto establishes an office in UAE
For slides click here: https://tinyurl.com/8csxrp8n
LinkedIn Profile: https://tinyurl.com/569zh78j
To help support his channel:
â Buy me Coffee â
đ¨ Link here https://www.buymeacoffee.com/info36/w/6987
đ¨ Link here https://www.buymeacoffee.com/info36
⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
10th April: Crypto & Coffee at 8 đď¸
đ Bitcoin Mining: đ´Right Wing vs đľLeft Wing states đ¨ Bank of England: BRITCOIN đBitcoin Mining Difficultyđ
đ´ Arkansas:
The Arkansas State House has passed a bill to regulate the stateâs Bitcoin mining industry. Already passed by the State Senate, the bill now heads to the governorâs office for approval. The Arkansas Data Centers Act of 2023 would create guidelines for Bitcoin miners
and would aim to prevent fraudulent business practices. Article here
https://lnkd.in/dywk4EBz Representative Rick McClure is the lead sponsor along with Senator Joshua Bryant Bitcoin Magazine article https://lnkd.in/dw9-N-wx
đľ North Carolina:
Buncombe County commissioners are pushing forward with a plan to impose a one-year pause on Bitcoin and cryptocurrency mining in the North Carolina county, citing concerns about its impact on the environment and the community according to reporting by WLOS ABC 13 ABC13. Article here https://lnkd.in/djWARy_u Voters elected Democrat Brownie Newman to Chair the County Commission in 20 Bitcoin Magazines article on this here https://lnkd.in/dSj33DGF
â Is Bitcoin Apolitical?
đĄ Republicans/ Right wing states are in favour of Bitcoin, Cryptocurrency, Opensource, Innovation & Freedom of speech.
đĄ Democrats/ Left-wing states are NOT in favour of Bitcoin but are in favour of CBDC, Cancel Culture, Being Woke, More Regulations & Control.
đď¸ Check out Blockchain DXB podcast where we discuss this in detail
â The Times UK article states Bank of England beefs up plans for digital âBitcoinâ currency. Article here https://lnkd.in/dnDr4cih CoinDesk article states the Bank of England targets a 30-strong team for digital currency, Article here https://lnkd.in/dA76h2WK For opening see here https://lnkd.in/dvp2y9CA
đ¸ Satoshi Nakamotos encrypted message âThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks.â The text is a headline article in the London Times about the British governmentâs failure to stimulate the economy post-2007â08. The symbolic text was put in the creation of the genesis block on the same day as news of a bank bailout broke.
đ¸ You can validate the message via Blockchain Explorer Jan 03, 2009, 10:15:05 PM here via Blockchain.com here https://lnkd.in/dZHiZze3
đ Bitcoin mining difficult: ATH
đď¸ Bitcoin Mining difficulty has reached a new all-time high after a fourth consecutive increase Bitcoin.com reported that On April 6, 2023, Bitcoinâs difficulty rose 2.23% higher at block height 784,224, touching another all-time high. Itâs the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocolâs current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range.
đ¨ 2 UAE news: (See slides)
⥠Zero Two digital assets infrastructure company launches in Abu Dhabi
⥠NEOPIN partners with Tripbtoz to establish âNext Generation Web3.0 travel platformâ
For slides click here: https://tinyurl.com/vrh9tpuy
LinkedIn Profile: https://tinyurl.com/569zh78j
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
06th April: Crypto & Coffee at 8 đď¸
đ´ India: One million CBDC users! âPeer to Peer Marketplace shut down đ Japanâs role in Web 3.0! âĄBUGATTI and Asprey NFT collection
India: đĄ Hate for Bitcoin & Crypto Love for CBDC â¤ď¸
đ˘ Reserve Bank of India (RBI) is aiming to increase the number of customers in the pilot project for retail Central Bank Digital Currency (CBDC) to half a million by July this year from 90,000 customers currently. Last year on November 1, and December 1, 2022, RBI launched the CBDC for wholesale and retail respectively. While the use case of the wholesale CBDC is limited to the settlement of secondary market transactions in government securities, the retail e-rupee-is being piloted within a closed user group (CUG) comprising participating customers and merchants. Article via The New Indian Express here https://lnkd.in/dH6rrmju
Japan đ Web3
â¤ď¸ CoinDesk has reported that Japan Approves Web3 White Paper to Promote Industry Growth in the Country The document proposes more tax reform, clearer accounting standards and a DAO law. Official info here https://lnkd.in/dfY6fjZm The article here https://lnkd.in/dVtCT7uA states that Japanâs ruling Liberal Democratic Partyâs Web3 project team has published a white paper laying out recommendations for growing the countryâs industry, which has become part of national strategy under Prime Minister Fumio Kishidaâs administration.
đŚ Whereas in the USA the Extreme Left Leaning Democratic party is not a fan of Cryptocurrency, Opensource & Freedom of speech.
đť Peer to Peer Lending Marketplace shuts down
đť Ray Youssef announced the suspension of its marketplace the Paxful, one of the worldâs largest peer-to-peer (P2P) cryptocurrency exchanges by volume. He cited key staff departures and regulatory challenges for the industry as the reasons behind the decision. Official info via the blog post. Bitcoin Magazine post states that The news of Paxfulâs suspension comes amid growing regulatory scrutiny
of the cryptocurrency industry, particularly in the U.S. Paxfulâs move highlights the challenges facing the industry and the importance of self-custody for investors. https://lnkd.in/dAgjrDFj
đ° Most Expensive Bitcoin NFT Collection
đ Asprey and BUGATTI announce a limited edition collection of precious âobjet eggsâ with generative art in Bitcoin. Official news here https://lnkd.in/dQ98XPVy. The Buggati NFT will come with a physical counterpart.
âââThe eggs will cost a fortune, selling for $20k-50k a piece, depending on the item number.
- Eggs 100 to 111 would be valued at over $200 thousand.
đ Two UAE news ( See slides )
⥠Dubai asks Binance & other crypto license applicants for more information: Article by Bloomberg Virtual Assets Regulatory Authority
⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 04th May by Blockchain DXB
For slides click here: https://tinyurl.com/2u25htx2
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đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
⍠Spartan Trail: 08th April Dubai Night Trail Link here https://tinyurl.com/2s3af2jt Use Discount code SA-KZ5K for 25% off
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB & Brittany Mier y TerĂĄn Guest: Brittany Mier y TerĂĄn, Head of Business Development Harpie Host: RA George Blockchain DXBDate 04th April 2023Google Meet: Audio version Contact details for Brittany Mier y TerĂĄnLinkedIn: https://tinyurl.com/ms47tkp8 email: britt@harpie.io Contact details for HarpieWebsite: https://www.harpie.io/Discord: https://tinyurl.com/56358hreTwitter: @harpieio https://tinyurl.com/2bapfk7r Guild: guild.xyz/harpie https://tinyurl.com/2fytptzb LinkedIn: https://tinyurl.com/yhtr8fff Instagram: @harpieio https://tinyurl.com/4djavmwb Summary of the conversationâ˘Brittany shared her experience of getting into the cryptocurrency space, particularly the Blockchain space.â˘She was also a part of ETHDenver and explained how Harpie is the most advanced on-chain firewall, stopping hacks before they ever get on the chain.â˘Brittany highlighted some of the key features of Harpie, including its importance in ensuring security at all levels, particularly for key people in an organization.â˘She explained the active community and support provided through Discord.â˘Brittany shared some recent news regarding airdrops and how the Discord community was prompt in assisting clients.â˘She also explained how to get started on Harpie and connect mobile and desktop wallets with it.â˘Brittany delved into the future of Central Bank Digital Currency and how Harpie could offer solutions that cover all aspects of security.â˘She also shared information on what constitutes dangerous transactions, keeping in mind the recent trends surrounding thefts and scams in the cryptocurrency space.â˘Brittany expressed plans of expansion in the Middle East region.â˘We also discussed some of the challenges faced by the company in 2022 and the importance of building during the bear market.â˘She explained the pricing and business model of Harpie.â˘Brittany shared the importance of IP rights when it comes to NFT and the Metaverse.â˘She shared her thoughts on the mainstream adoption of cryptocurrency and the Metaverse.â˘Finally, she shared her work-life balance and passion for stand-up paddleboarding and music.Thanks for the podcast.For feedback or suggestion email: info@blockchaindxb.com or info@area2071.com
05th April: Crypto & Coffee at 8 đď¸
đ° Ledger Raises $100M, âFake news about Binance CEO Changpeng Zhao on red notice by INTERPOL. đ˛Ralph Lauren to accept crypto 𼜠Extreme Left Leaning state of NY
â Not your keys. Not your Crypto:
đ˛ The cryptocurrency hardware wallet manufacturer Ledger has raised âŹ100 million ($109 million) in funding, according to the companyâs disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets.
Bloomberg article states The demise of crypto exchanges like FTX as well as numerous large-scale hacks last year made users jittery about leaving their funds and assets on online platforms, leading to an outflow from centralized venues https://lnkd.in/diXm7EJY Pascal Gauthier told Bloombergâs Anna Irrera that the company will leverage the cash injection to expand distribution, production, and research and development.
âFakeNews
â CZ Was Rumored to Be on Red Notice by INTERPOL. This was however #fakenews, there is currently no evidence of public notice. & CZ has denied the rumours. The fake news was propagated by Jordan Fish, also known as Cobie, on his UpOnly podcast. He initially posted an encrypted tweet that, when deciphered, stated âInterpol Red Notice for CZ.â
CZ also denied the allegations on Twitter, sharing a photoshopped image of the alleged Red Notice. https://lnkd.in/d2eYC-MU
CoinDesk also has an article on this and an interesting message
from Binance Chief Strategy Officer Patrick Hillmann calling it BS here https://lnkd.in/dgBnuBpW
đ Ralph Laurens Miami Store to Accept Crypto Payments
CoinDesk has reported that American fashion brand Ralph Lauren will begin accepting cryptocurrency payments at its newly-opened store in Miamiâs Design District, becoming the retailerâs first location to do so. The brand is also partnering with the Web3 community Poolsuite to release a co-branded NFT collection.
According to a press release, the store is partnering with service provider BitPay to allow customers to purchase merchandise using #BTC, #ETH & #MATIC. Article here https://lnkd.in/dUKH5shP
𼜠Letâs Go, Brandon!
- The scary & extreme Left-Wing state of New York has caused Trump NFTs Sales Spike Following Ex-Presidentâs Arraignment in New York. In the hour after the 45th President was arrested Tuesday afternoon, the collection saw 30 sales, a 462% increase after a long period of token-holder dormancy.
đ Two UAE news (See slides for more info)
⥠Evometa: A new player in the business tech scene of the UAEâs metaverse
⥠Sanabil Investments: Saudi Arabiaâs $620B Wealth Fund Has Backed Crypto-friendly VCs
For slides click here: https://tinyurl.com/42tnnaku
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
⍠Spartan Trail: 08th April Dubai Night Trail Link here https://tinyurl.com/2s3af2jt Use Discount code SA-KZ5K for 25% off
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
04th April: Crypto & Coffee at 8 đď¸
đ¨Trio of Canadian Crypto Exchanges Merges đ Glassnode insightsđ CoinShares blogs đUniswap volume > Coinbase
âĄCanadian crypto exchanges WonderFi (WNDR), Coinsquare and CoinSmart have revealed plans to merge, creating what would be one of the worldâs largest crypto trading platforms. Official news here https://lnkd.in/d6bcqHym Newsfile Corp. has reported that The Combined Company will have transacted over $17 billion since 2017 and have over $600 million in assets under custody, with a registered user base in excess of 1.65 million Canadians.
â News such as this could be bullish and Shares of Kevin OâLeary-backed WonderFi have surged nearly 50% following the announcement. Info https://lnkd.in/dcqnr5H6
⍠Glassnode weekly insights discuss the Binance stablecoin shuffle. The insight assesses the immediate response of digital asset holders with respect to Binance, and whether any structural shifts are found in their token reserves. The insight also analyses the wider Bitcoin investor response through the lens of supply dynamics &the movement of coins between holders. https://lnkd.in/dBzY5PK4 The insight states that The digital asset market is under some of the heaviest regulatory pressure in many years, and yet the conviction and confidence of Bitcoin holders appear unshaken. Quite a remarkable observation given the situation.
đď¸ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we explore this area in detail.
đ CoinShares weekly blog via Medium states that there has been lacklustre investor activity last week with inflows of US$2.5m & trading volumes in investment products falling by 33% compared to the prior week. But Sentiment for Bitcoin was fairly supportive, seeing inflows of US$8.8m, while short bitcoin saw outflows of US$2.5m. The outflows in Ethereum (US$2.8m) and inflows into short-Ethereum (US$0.5m) suggest investors remained concerned about the upcoming Shanghai upgrade. Blog here https://lnkd.in/d7pE-zgp
â How will Shanghai upgrade impact the price of #ETH?
đ¨ Uniswap > Coinbase
đ¸ The Block has reported that Uniswap volume beats Coinbase and registers its best month since 2022. The increased volume on Uniswap comes amid threats from the government of regulatory actions against centralized crypto businesses in the U.S., particularly in February and March. Article here https://lnkd.in/dydVq8-N
đ Two UAE news (See slides for more info)
⥠Dubai International Arbitration Centre unveils Metaverse platform
⥠Dubai Supreme Council of Energy reviews Dubai Electricity & Water AuthorityâââDEWAâs achievements in AI and data management
For slides click here: https://tinyurl.com/mvv9patr
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
Podcast Host: @black_incarnation
đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
⍠Spartan Trail: 08th April Dubai Night Trail Link here https://tinyurl.com/2s3af2jt Use Discount code SA-KZ5K for 25% off
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
03rd April: Crypto & Coffee at 8 đď¸
⥠Dr Doom: Future of the Banking Industry đ¨U.S. Securities and Exchange Commission goes after Beaxy Exchange đ Peter Schiffs 250th prediction âThe biggest economic disasterâ đStable coin volumeđť
âđŚšđźââď¸ Dr. Doomâ, Nouriel Roubini says âMost U.S. banks are technically near insolvency, and hundreds are already fully insolvent,â Looks like U.S. Banks on the Brink: Hundreds Insolvent and Many More Near Collapse. An Interesting article here via MarketWatch here https://lnkd.in/dgKbk6ZP
âWhere does Bitcoin fit into all of this?
đď¸Check out the Blockchain DXBs podcast where we share our thoughts & comments on it
đđźââď¸ Peter Schiffâs 250th financial collapse prediction may be possible as he warned of âthe biggest economic disasterâ in US history. He has stressed that we are on the cusp of a financial crisis and âitâs going to be much bigger than the last.â In addition, he said the U.S. dollar is being debased to fund the bank bailouts. More info via Bitcoin.com here https://lnkd.in/dcZExjqf
đ¸ Are we heading to Hyperbitcoinization?
đ¸ Will the price of #BTC reach $1 million?
đđť The 24hr volume of all stablecoins is now $26.69B, which is 85.53% of the total; crypto market. See slides 1 & 2 to get more info &
đŽ U.S. Securities and Exchange Commission charges crypto trading platform Beaxy Exchange and its executives for operating an unregistered exchange, broker, and clearing agency. Official press release here https://lnkd.in/dN239-Ps
â https://www.beaxy.com/ website says: Suspension of services on Beaxy Exchange Regrettably, we are announcing the immediate suspension of services on Beaxy Exchange. Due to the uncertain regulatory environment surrounding our business, we have made the difficult decision to cease operations.
đ¨ Chairman of SEC, Gary Gensler said in a congressional hearing that the securities regulator ârequires new tools, expertise, & resourcesâ to combat misconduct in the crypto space. âWeâve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class,â he stressed. Full video via YouTube here at Budget HearingâââFiscal Year 2024 Request for the U.S. Securities and Exchange Commission https://lnkd.in/dqb8DHAJ
đ Two UAE news: (See slides)
⥠Gofaizen & Sherle launches A New Service in Dubai
⥠Saudi Arabia: NFT marketplace NuqtahNFT raises Seed round
For slides click here: https://tinyurl.com/ymuch6za
LinkedIn Profile: https://tinyurl.com/569zh78j
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â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
⍠Spartan Trail: 08th April Dubai Night Trail Link here https://tinyurl.com/2s3af2jt Use Discount code SA-KZ5K for 25% off
âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d
⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB & The Race Space PodcastChristopher Hutchison, Spartan Arabia Regional Business Development Manager, + Hyrox MEGuest: Christopher Hutchison, Spartan Arabia Regional Business Development Manager, + Hyrox Middle EastHost: RA GeorgeDate 29th March: Time 11:00 am Google Meet: Audio version Contact detailsChristopher Hutchison LinkedIn: https://tinyurl.com/bdhu592kInstagram: @hutchthecoach https://tinyurl.com/3xa6kekxSparta ArabiaInstagram: @spartanarabia https://tinyurl.com/y28wpd6b Facebook: https://tinyurl.com/557txbm4 Twitter: @spartanarabia https://tinyurl.com/yc3cwxfr Spartan Trail: Instagram: @spartantrailarabia https://tinyurl.com/55h8jwj7 Hyrox Middle East:Instagram: @hyrox@me https://tinyurl.com/4m3kd3w4 Registration link for events:â˘08th ApriloSpartan Trail: Dubai Night Trail Link here https://tinyurl.com/2s3af2jt oHurricane Heat: Dubai Night Hurricane Heat 4Hr Link here https://tinyurl.com/2s3af2jt â˘15th ApriloSpartan Kids: Expo City Dubai Spartan Kids Night Race Link here https://tinyurl.com/bdf4258m â˘25th â 26th NovoHatta Spartan Trifecta Weekend & Trail Half Marathon & 10K Link here https://tinyurl.com/4beyh2aj Summary of the conversationâ˘Brilliant conversation with the voice of Spartan Arabia & Hyrox Middle Eastâ˘We discussed Christopher Hutchison's background in Fitness & profession as a DJ.â˘Chris shared his journey of getting into Spartan Race & also shared his first OCR event.â˘We discussed his experience with Spartan Events in the middle east.â˘Chris shared the changes he has seen over the years in the OCR community in the MENA region.â˘Chris shared the importance of experience at the events & making them memorable for participants and athletes.â˘Chris also shared their interest in corporates getting into OCR events.â˘Chris shared details of the upcoming event in April (Please see show notes above for registration links)â˘He gave a detailed breakdown of what to expect at the upcoming events.â˘Chris offered sound advice to other race directors and event organizers in the region.â˘We also discussed the impact of OCR on the new generation of athletes.â˘We discussed the business challenges during the Covid Era and how the business sustained. â˘Chris shared his business endeavours of getting Hyrox in the middle east.â˘He shared his experience in competing in these events. â˘Offered sound advice for OCR athletes to get into Hybrid fitness events. â˘We discussed the possibility of accepting cryptocurrency as a form of payment. â˘Explored the possibility of OCR & Hybrid events in Metaverse.â˘Chris offered brilliant advice to listeners. â˘Chris also answered some fun questions posed by Spartan Bran Ambassadors and listeners of the podcast.â˘He also shared his thoughts on the Spartan's ambitions of being part of the Olympics.â˘We discussed some of the Pro Athletes & World champions.â˘He shared his passion for music. Thanks for the podcast session.For feedback or suggestion email: info@blockchaindxb.com or theracespace@gmail.com
29th March: Crypto & Coffee at 8 đď¸đľ Senate plans to ban crypto wallet! đ¨ European Banking Federation paper on European digital money ⥠Crypto Fear & Greed Index: GREED đŚ Left-leaning administration Elizabeth Warren is pushing the Senate to ban your crypto wallet Cointelegraph has reported that Elizabeth Warren is back with an Anti-Money Laundering act that would among other things make it mostly illegal for you to use your own crypto wallet. The bill is particularly harsh on decentralized finance (DeFi), including noncustodial ones, requiring platforms to record the personal information of users and submit it to the government without a warrant or probable cause. Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we explore this area in detail.đĽ The European Banking Federation is the voice of 33 national banking associations from all across Europe, representing over 3,500 banks & they have published a vision paper on a Digital Euro Ecosystem. The paper focuses on the retail digital euro & can be found here https://lnkd.in/dx69TjWZ Some of the highlights of the paper include- creates value for end-customers and the economy for existing and new innovative use cases, without crowding out payment services provided by the private sector,- preserves financial stability and bank funding, thus maintaining European banksâ lending capacity to the economy,- foresees a robust business model so so incentivize intermediaries to provide services and innovate based on the digital euro,- balances design choices to safeguard the privacy and enable the fulfilment of compliance requirements (KYC, AML, CFT) while allowing intermediaries to process customersâ payment data based on customersâ consent to provide value-added services, and- leaves ample room for the private sector to add on solutions and services to better serve customers.đ Binance CEO Changpeng Zhao has addressed the allegations against him by The U.S. Commodity Futures Trading Commission (CFTC). Official blog here https://lnkd.in/dhSF9nPv & it states the complaint appears to contain an incomplete recitation of facts, and Binance does not agree with the characterization of many of the issues alleged in the complaint. A few areas in the blogs are related to the following points⥠Technology for Compliance & US Blocks⥠Cooperation and Transparency with Law Enforcement⥠Registrations and Licenses⥠Trading đĽ The Crypto Fear & Greed Index is Greed, detailed information here https://alternative.me/ could this sentiment change over the weekend?- Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.- When Investors are getting too greedy, that means the market is due for a correction.đ Two UAE news: (See slides)⥠BNB Chain and Fellaz Team used NFT Ticketing to Ultra Music Festival in Abu Dhabi⥠Dubai-headquartered Eureeca to focus on building the first democratised digital investment bankFor slides click here: https://tinyurl.com/54shzr6jLinkedIn Profile: https://tinyurl.com/569zh78j
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
28th March: Crypto & Coffee at 8
đĽ Binance and Changpeng Zhao sued by CFTC đ° Michael Saylorâs MicroStrategy on #BTC Buying Spree ⥠Gucci + Bored Ape Yacht Club
đ¨ The U.S. Commodity Futures Trading Commission has charged
Binance with willful evasion of federal law as the regulator insists Binance operated an illegal digital asset derivatives exchange. The CFTC and other federal agencies, including the Justice Department, have been investigating Binance for several years. Official filing here https://lnkd.in/dBD6BXmC
đŽ The complaint also charges Samuel Lim, Binanceâs former chief compliance officer, with aiding and abetting Binanceâs violations.
- Binance BNB has been down by 6% since the news
- Binance BUSD market cap is down to $7.86 Billion
- Funds are #SAFU
đ¤ The Global crypto market has been down ever since the interest rate hike of 25 basis points MicroStrategy has been on buying spree though! MicroStrategy has increased its total Bitcoin holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin. Michael Saylor has mentioned via Twitter that MicroStrategy repaid its $205M Silvergate Bank loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. Tweet here https://lnkd.in/dZ4JWZmk & Official news & filings with Security Exchange Commission here https://lnkd.in/dfA6uFmM
âMichael Saylor is definitely not the ideal advocate of Bitcoin as he often posts #fakenews incorrect and misleading information about bitcoin #fact. The only reason he is promoting Bitcoin is that in doing so the demand increases and his own network in Bitcoin increases
â Looks like Bitcoins are in the hands of Multibillionaires, multi-millionaires, Celebrities & Early adopters. This is definitely not ideal for a Peer-to-Peer electronic cash system. With the accumulation of Bitcoin among selected individuals Bitcoin as sound money may be a terrible idea. Check out Blockchain DXBs Crypto & Cofee at 8 where we explore this area in detail and share our opinions on this
đ Gucci reveals Metaverse tie-up with Bored Ape Yacht Club creator Yuga Labs. Decrypt article here clearly states https://lnkd.in/detvZd25 Luxury fashion brand Gucci is taking further steps into Web3 with Yuga Labs, with first plans set to get underway this week. More info via Twitter here https://lnkd.in/dKcW6DXZ
đ Two UAE news (See slides)
⥠Dubai unveils the worldâs first secured digital certificates
⥠Al Jalila Foundation launches UAEâs first charitable NFT collection
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
27th March: Crypto & Coffee at 8 đď¸
đĽ US bank: $ 1.7 trillion Unrealized Loss. đ´The U.S. government: 205,515 BTC đ Metaverse NFT Trading đ XRP đ Security Exchange Commission
đ The rapid collapse of Silicon Valley Bank, Signature Bank, Silvergate Bank, Credit Suisse maybe? has definitely shaken & questioned the âtrustâ in traditional finance. Interesting article here by Fortune that discusses U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says. Thatâs not a problem until it is. https://lnkd.in/d4jCina9
â A new paper by researchers at New York University on March 13 found that they arenât the only ones with these issues U.S. banks had unrealized losses of $1.7 trillion at the end of 2022. The losses were nearly equal to the banksâ total equity of $2.1 trillion.
đď¸ Check out the Blockchain DXB podcast where we explore this in detail and also discuss where Bitcoin & Cryptocurrency fit in during the banking financial crisis.
⥠As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. Bitcoin.com reported that The cache of bitcoins resulted from three forfeitures that began in 2020. Article here https://lnkd.in/dE3GbNbg The current estimate of 205,515 bitcoins (BTC) comes from Dune Analytics set of metrics created by 21Shares, an exchange-traded product provider.
đĽ Record-Breaking Performance
đ DappRadar published an article on the 23rd that states that Virtual Worlds Soar: Record Land Sales Generate $311M. In Q1 of 2023 surges with $502 million in investments in blockchain gaming and the metaverse. Article here https://lnkd.in/dWsjD_SH
Some of the highlights via DailyCoin are
- Metaverse NFT trading volume reached an all-time high in Q1 2023.
- Virtual land trading soared by 277% since Q4 2022.
- Digital Fashion and Web3 gaming emerged as top prospects for growth.
đš The article here https://lnkd.in/dc7PE_4f states Interest in Web3 gaming and the metaverse has significantly increased in recent years. In the first quarter of 2023, the sectors have shown remarkable growth, with investors and companies flocking to capitalize on the trend.
đŚ CNBC published an article last week that discussed the drama between Ripple VS SEC.
đ The article here https://lnkd.in/dMxN4nQQ states XRP cryptocurrency jumps as investors hope Ripple will win a legal battle with the SEC. Monica Long, president of Ripple, told CNBC Wednesday she is âvery hopefulâ about achieving a positive resolution to the SEC case, with an outcome expected âsometime this year.â
Check out our commentary on this in our Crypto & Coffee at 8 episodes for today on this
đ¨ Two UAE News (See slides)
⥠Dubai Police HQ NFT named Best NFT Government Project
⥠Central Bank of The UAE launches the Central Bank Digital Currency Strategy âThe Digital Dirhamâ
For slides click here: https://tinyurl.com/2p82add2
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
Podcast Host: @george_crewe
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
23rd March: Crypto & Coffee at 8
đ¨ 25-basis points hike announced by Federal Reserve Board đ Is Hyperbitcoinization a possibility? đ´ Security Exchange Commission goes after Coinbase & H.E. Justin Sun đŹđŠ from Tron
đ The banking crisis in the USA fails to pause the FED rate hike Jerome Powell announced 25 basis points, at the FOMC meeting, official news via YouTube here https://lnkd.in/dK-zAPrr. The labour market is definitely looking good in the USA. Federal Reserve Board & Federal Deposit Insurance Corporation (FDIC) have saved the USAâs banking crisis.
đ´ Republicans are requesting Fed and FDIC oversight records for failed Silicon Valley Bank and Signature Bank, article by CNBC here https://lnkd.in/dGjf_z9m
đď¸ What kind of an impact will this have on the price of #bitcoin, #cryptocurreny and the global market? The global crypto market cap is down since the announcement of $1.16T. See slides 1 & 2 below and check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we explore this area in detail
âHyperbitcoinizationâ
đđť Balaji S. former CTO of Coinbase is hoping for Hyperbitcoinization & a bank run in the next 90 days. A very unlikely scenario.
đ¨ #fact The only reason Bitcoin maximalists and crypto enthusiasts want Hyperbitcoinization is in doing so the value of Bitcoin will increase and their own existing net worth in Bitcoin & Crypto increases.
đĽ War on Crypto
đť Brian Armstrong, Co-Founder & CEO of Coinbase mentioned via Twitter that Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically precedes an enforcement action. Tweet here https://lnkd.in/ddgPX5Tq
đš MarketWatch has reported that Coinbase stock sinks 16% after crypto exchange discloses SEC warning. Article here https://lnkd.in/dGzssgsh
đš Catherine Wood of ARK Investment Management LLC sold $13.5M Coinbase shares After Steady Buying Streak
âď¸ Tron Founder Justin Sun is sued by U.S. Securities and Exchange Commission on Securities, on market manipulation charges. As per an article by CoinDesk The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an âextensive wash tradingâ program to boost their trading volume. Official filing here https://lnkd.in/d-iDGXz9
đ˛Telegram Messenger announced USDT stablecoin Payments on Tron Network. Users can now send Tetherâs TRC20 to Telegram contacts. Users can now send each other Tetherâs stablecoin. The messaging app informed its customers that the wallet function now supports USDT-TRON, better known as TRC20. Decrypt article here states Telegram will only support the asset on Tron TRC20. Article here https://lnkd.in/dtRjTsqn
đ Two UAE news ( See slides)
⥠AmiViz inks new partnership with PolySwarm for the Middle East
⥠Switzerlandâs digital asset bank Sygnum Bank opens Middle East hub in Abu Dhabi
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Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
22nd March: Crypto & Coffee at 8
đĽ $14 Trillion Earthquake: A crypto bull run? đ FOMC meeting đ¨The White House takes aim at Crypto.
đ Forbes has published an article $14 Trillion Earthquake that states Fidelity Investments and BlackRock are quietly laying the groundwork for the next Bitcoin, Ethereum and crypto price bull run, article discusses Larry Finkâs letter https://lnkd.in/dgmb8Gi7. It also states Fidelity Investments has now opened up its crypto trading platform to its 37 million users to buy and sell bitcoin and ethereum commission-free, it was first reported by The Block.
đŚ FOMC Meeting:
Federal Reserve Board chair Jerome Powell will be announcing the interest rate hike, this news could set the tone for the price of the crypto market for the rest of the year. We strongly recommend watching him fo live via YouTube & listening to him and accessing information from the first source.
đ¨ Could the FOMC meeting start a bull run and will Balaji S.. bet of Bitcoin to reach $1M in 90 days come true?
â Historically all Bitcoin & Cryptocurrency price predictions have been 100% right, 50% of the time!
đ Glassnode weekly insights state Bitcoin has outperformed this week, rallying 35.8% against a backdrop of challenging conditions for the traditional financial and banking system. The insight discusses how Bitcoin appears to be shifting up a gear, and rallying out of the deep bear market territory. Here https://lnkd.in/dE7NKsWQ
đ CoinShares blog via Medium https://lnkd.in/dJMYV9YU states that last week saw the largest weekly outflows on record totalling US$255m. Bitcoin saw outflows totalling US$244m last week. The negative sentiments were seen in both North America and Europe
đď¸ Itâs going to be interesting to see how the FOMC news impacts the price of Bitcoin & Cryptocurrencies
đą The White House: Economic Report of the President included an entire chapter on digital assets and âeconomic principles.â The 500+ page document is here https://lnkd.in/d_6UBXFg . CoinDesk article states The report also took a minute to say a centralized internet is easier, citing signal creator Moxie Marlinspike. And CBDCâs forthcoming systems like the real-time payment FedNow network âcould bring significant benefits to vulnerable segments of the populations.â https://lnkd.in/dBGPuEdf
đ NFT news:
Sony, The PlayStation 5 maker is stacking NFT-related patent applications, pointing to a more open future for the gaming giant.
Sony proposed that these assets could include items. such as in-game skins, artwork, avatars, weapons, or even âvideo game skills.
âSony claimed to have 112 million PlayStation Network users More info via Decrypt here https://lnkd.in/dAv46hVT
đ¨ Two UAE news: (See slides)
⥠MBRSG launches a major report on advancing AI impact on
the digital economy in Dubai MBRSG Social
⥠Ras Al Khaimah Economic Zone (RAKEZ) issues a law to set up a free zone for digital and virtual asset companies
For slides click here: https://tinyurl.com/3wrpwwt3
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â Buy me Coffee â
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⥠The Race Space Podcast
đď¸ Instagram: @theracespoacepodcast
Podcast Host: @am_aminoo_
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đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman
Listen here https://tinyurl.com/y26cu3td
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⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon
21st March: Crypto & Coffee at 8đ Crypto Fear and Greed Index: GREED đ¨ Bitcoin dominance at 46.5% đ BAN on CBDC đ Euler Finance exploit & update đ Crypto Fear and Greed Index: At 60 GREED as Bitcoin is on the verge of crossing $28k. Website https://lnkd.in/d4yVqFaGđĽ Central Bank Digital currency poses a threat to privacy and offers the government full control over individuals spending. Florida governor Ron DeSantis has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. đď¸ Bitcoin.com reported here https://lnkd.in/dQRh6h2g that Earlier this month, South Dakota Governor Kristi Noem vetoed a bill that was disguised as an update to the UCC guidelines but paves the way for a CBDC while disallowing the use of cryptocurrencies, such as bitcoin, as a form of currency. She urged 20 other states, including Florida, that are about to consider a similar bill to âblock this legislation from passing.âCBDC â Islamic Banking Systemsđ¨ International Monetary Fund has published a report that discusses Monetary Policy Implications Central Bank Digital Currencies: Perspectives on Jurisdictions with Conventional and Islamic Banking Systems, report here https://lnkd.in/d7quitV5 đ´ Cointelegraph has a brilliant article that states IMF examines CBDC design in the context of Islamic banking and finds some risks magnified. The article here https://lnkd.in/dnqPXCTY states thatCBDC design is complicated by prohibitions in Islamic law on usury and speculation. This strongly impacts liquidity management:âConventional mechanisms of liquidity management interbank market, secondary market financial instruments, central bank discount window and Lender of Last Resort (LOLR) that are based on interest are not permissible for Islamic banks.â đ Euler is a non-custodial protocol on Ethereum that allows users to lend and borrow almost any few days ago the crypto asset was drained of nearly $200 million via six flash loans and a vulnerability. Along with Euler, roughly 10 other DeFi protocols were affected thanks to the various integrations established along the way. Yield Protocol, Swivel Finance, Angle, and several others all announced their level of exposure to their communities. â Update: The flash loan exploiter claims they have âno intention of keeping what is not oursâ and wants to âagreeâ with Euler Finance.đ No LLAMA token DefiLllama drama put to rest: No Token Planned After âPoor Communicationâ The organization reached an internal resolution after the data platform was abruptly forked a day earlier. Detailed information via Decrypt here https://lnkd.in/dATuTbFB Seires of tweets here https://lnkd.in/dCv547ck đ¨ Two UAE news (See slides)⥠DMCC (Dubai Multi Commodities Centre) partners with Enya Labs and Boba Network⥠Crypto.com Secures MVP Preparatory License from Dubaiâs Virtual Assets Regulatory AuthorityFor slides click here:https://tinyurl.com/5x5c5f3yLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee âđ¨ Link here https://www.buymeacoffee.com/info36/w/6987đ¨ Link here https://www.buymeacoffee.com/info36⥠The Race Space Podcastđď¸ Instagram: @theracespoacepodcastPodcast Host: @am_aminoo_Podcast Host: @george_crewePodcast Host: @black_incarnationđ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohumanListen here https://tinyurl.com/y26cu3tdâĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28#blockchaindxb #metaverse #btc #dogecointothemoon
Blockchain DXB & Lumishare SRGHost: RA George Blockchain DXBGuest: Ben Sharon, CEO & Co-Founder Lumishare SRGDate 20th Feb Google Meet: Audio version Ben Sharon:Twitter: @BenSharon29 https://tinyurl.com/2p96aa8x email: Ben@lumishare.io LinkedIn: https://tinyurl.com/yxnrsbxv LumishareWebsite: https://illumisrg.io LinkedIn Lumishare: https://tinyurl.com/yck76r7t Info about the Lumishare team: https://tinyurl.com/48zxdzmb Twitter: @Lumishare_Lumi https://tinyurl.com/4ysau86m Discord: https://tinyurl.com/y2jzmd92 YouTube: https://tinyurl.com/yc3absyk Instagram: Lumishare_srg https://tinyurl.com/bdep2yrp Medium: https://medium.com/@LumiShareSRG Facebook: https://tinyurl.com/2mdr69ab Redditt: https://www.reddit.com/user/IllumishareSRG/ TikTok: https://www.tiktok.com/@lumisharesrg Quora: https://de.quora.com/profile/Illumishare-SRG Summary of the conversationâ˘Ben Sharon explained his entrepreneurial experience in the cyber security and tech field before getting introduced to cryptocurrencies.â˘Shared his knowledge & information about cryptocurrency since 2016.â˘He expressed his technical expertise in reading whitepapers & his curiosity about space.â˘Ben explained in detail what is Lumishare & how Lumishare identified the problem in the current industry.â˘He offered a detailed explanation of what Lumishare is trying to solve.â˘Ben offered a crystal clear explanation of how SRG toke is backed by three uncorrelated assets.â˘He shared the phenomenal team of Lumishare.â˘The involvement of The Private Office of His Highness Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan from the Royal Family of Abu Dhabi has joined as their official partner and investor.â˘We also discussed how Lumishare benefits from the valuable commercial and governmental relationships extended by our partner and will capitalize on key opportunities within the UAE at launch.â˘Ben mentioned that Lumishare is not a stablecoin.â˘He detailed where the gold reserve will be placed & provided information on different locations.â˘He also explained the NFT marketplace by Lumishare and how it differentiates from others.â˘How their NFT marketplaces solve existing problems, the steps taken by Lumishare to create an antifraud marketplace & how it handles renewable energy â˘We also discussed his short-term and long-term plans for Lumishare.â˘He explained the long-term vision of the asset-backed NFT marketplace and renewable energy.â˘Ben shared an interesting point about Augmented Reality being used soon and its use case to verify the information.â˘Discussed merging chatGPT and AI using voice & moreâ˘We also discussed merging the physical world with Metaverse. â˘The challenges faced due to the downturn in the prices of crypto markets & how he is focusing on building things despite the slow pace in the crypto economy. â˘Ben also discussed the launch pad & the different exchanges currently onboard with Lumishare.â˘Ben also shared his experience at Web3 events at Davos with WEF. He shared his thoughts & opinions about meeting with people.â˘Ben offered sound advice to fellow business partners and competitors and stressed the importance of building in the space.â˘He also gave reasoning for the name âLumishareââ˘We discussed the future of Metaverse & Cryptocurrency in the coming yearsâ˘Ben also discussed the DAO Donation plan, a great cause â˘He mentioned the launch date on the 28th of Feb â˘We also discussed the UAEâs approach to cryptocurrency & blockchain & potential business expansion plans & investors from Saudi Arabia â˘We also discussed his passion for classical musicThanks for the podcast sessionFor feedback or suggestion email: info@blockchaindxb.com or info@area2071.com
17th March: Metaverse Everything!đď¸đ¨ Meta seems quite about Metaverse! Meta says its single largest investment is now in âadvancing AIâ. An update on Metaâs Year of Efficiency can be found here https://lnkd.in/dr4yXfmD CNN also states What metaverse? Meta says its single largest investment is now in âadvancing AIâ Article here https://lnkd.in/ddz3h_HX đď¸ Check out Blockchain DXBs âMetaverse Everythingâ podcast where we explore the prices of Cryptocurrency & Blockchain platforms connected to Metaverse. We also discuss the following:⥠If VR/AR/XR replace mobile phones?⥠Policing the Metaverse4⥠Stable coinâs role in the Metaverse⥠Top 5 Metaverse news from around the world & Dubai đ The rise of the Metaverse has generated interest & speculation about the potential impact on the future of mobile phones. What are your thoughts in decadesâ time or less will VR/AR/XR replace mobile phones? See slides 3 & 4 we share our opinion on this. đ With the buzz surrounding stablecoins since last weekend. Are stablecoins an ideal form of payment & medium of exchange inthe Metaverse? See slides 7 & 8đ¨ 5 Metaverse news from around the world ⥠Metaverse Opera is live! today in Spain! The Teatro Real will become the first lyric theatre in the world to broadcast an opera live in the metaverse Source https://lnkd.in/d5kWHsaF ⥠Hadean & PixelMax expand Partnership for Metaverse Streaming Solution Source: NFTgators https://lnkd.in/damSkAUq ⥠Metaverse K-pop girl band MAVE goes viral Source: Gulf News.https://lnkd.in/dv2btRB9 ⥠Analytics InsightÂŽ has published an article Top 10 Metaverse ETFsto Buy in 2023 here https://lnkd.in/dpMkDzPy ⥠Vogue has announced Metaverse Fashion Week returns with a focus on âfuture heritageâ on Decentraland for four days starting 28 March. https://lnkd.in/demQizN4 đ¨ 5 Metaverse news from Dubai⥠DMCC (Dubai Multi Commodities Centre) partners with Key South Korean entities in blockchain and metaverse industries during packed roadshows in Seoul and Gyeonggi Source Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠& article here https://lnkd.in/dRmHvWbg⥠Mondoir Gallery brings a new era of art to the UAE Source Zawya https://lnkd.in/dB7JkPFa⥠Dubai Chamber of Digital Economy drives meaningful discussions of metaverse and cryptocurrencies Source Al Bawaba News https://lnkd.in/dU6JwWTv⥠TerraZero and Seed Group form a strategic partnership to accelerate Middle East Businesses Growth in the Metaverse. Official news via The Private Office of Sheikh Saeed bin Ahmed Al Maktoum LinkedIn post here https://lnkd.in/dK-A7_Fd⥠Digital content creation hub blinx launches in Dubai. Source The National News here https://lnkd.in/dWnPZccsFor slides click here: https://tinyurl.com/2xeu8hhb LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc#blockchaindxb #metaverse #cryptocurrency #stablecoins #linkedin #metaverseeverythig #cryptoandcoffeeat8
16th March: Crypto & Coffee at 8 đď¸đ CPI rose 0.4% đ¨ Reserve Bank of India (RBI) and the Central Bank of The UAE working on CBDC đĽ Europol seizes $46M from a crypto mixer. đ Bureau of Labor Statistics reported The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% Official info is available here https://lnkd.in/dZBYUEsx. The Bureau of Labor Statistics reported over the last 12 months, the all-items index increased 6.0 per cent before the seasonal adjustment đď¸ Misleading news by CNN provides its own narrative that âA key measure of inflation fell dramatically in February, according to the latest Producer Price Index, which tracks what Americaâs producers get paid for their goods and services Source for fake news & incorrect information here https://lnkd.in/eHUwFR7t. đ How did crypto react to the news?âŹď¸ Bitcoin did cross the $26k mark, and after a bad year of lows, Bitcoin finally rallied sharply up to its highest point since June 2022, however, has gradually gone down. ⥠The National News in UAE has reported that Argentinaâs inflation tops 100% for the first time since 1991. Article here https://lnkd.in/eahxwkF7 We asked OpenAI chat GPT how Bitcoin could have the situation. Check Blockchain DXBs Crypto & Coffee at 8 where we explore this in detail. đ¨ The Reserve Bank of India (RBI) and the Central Bank of The UAE signed a Memorandum of Understanding (MoU) in Abu Dhabi, to enhance cooperation and jointly enable innovation in financial products and services. Official here https://lnkd.in/eHfWa6xEđ Research and market intelligence firm Juniper Research published a report on central bank digital currencies (CBDCs) on Monday that states. Source here https://lnkd.in/evh3qnDU & report here https://lnkd.in/eKgzJt-K key findings:- Central Bank Digital Currency transactions to reach $213Billion annually by 2030- Domestic Payments to Account for Over 90% of CBDCs by 2030 âWill CBDCs pose a threat to stablecoins?đď¸ We at Blockchain DXB have a standalone episode on CBDC, check it out here https://lnkd.in/e2r6pjnX We discuss the basics of CBDC, Different types of CBDC, CBDC vs Bitcoin & are CBDCs Web3.0 & moređ Cointelegraph article reports that Law enforcement officials allege that ChipMixer laundered 152,000 BTC ($2.88 billion) over the past five years. According to The European Union Agency for Law Enforcement Cooperation, commonly known as Europol, on March 15, the agency seized assets of cryptocurrency mixer ChipMixer for its alleged involvement in money laundering activities. Total assets seized include 1,909.4 Bitcoin BTC $24,302 in 55 transactions amounting to 44.2 million euros ($46 million). Article here https://lnkd.in/enuE_qMCđ¨ Two UAE News ( See slides)⥠MENA-based Tarabut Gateway partners with Rain for crypto trading⥠Suffescom Solutions Pvt. Ltd. Solutions Inc. announces the opening of its new office in DubaiFor slides click here: https://tinyurl.com/2523pctmLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #metaverse #btc #dogecointothemoon
14th March: Crypto & Coffee at 8â Cryptocurrency Unbanked! đ¨ CPI numbers out later today, đď¸ Circle USDC update! đĽ Meta shuts down NFT across Instagram & Facebook đBitcoin to the moon đ BUT Defi TVL down to $21.37Bđťđ´ Signature Bank & Silicon Valley Bank: Reuters has an article stating State regulators closed New York-based Signature Bank on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits. https://lnkd.in/dK6EKB8DCentralized cryptocurrency exchanges & Centralized Cryptocurrency solutions service providers are suffering from a lack of access to the banking system due to current financial conditions.â What does this mean for Crypto?Bitcoin đşGlobal Crypto market đşThe volume of stablecoins đşđ¨ USDC update: As of now 09:00 am GST it is pegged by $0.99 - According to Web3 analytics platform Watchers, a total of 314.167 million USD Coin was sent by its issuer, Circle, to the Ethereum null address with header 0x00 on March 13. The null address is typically used to remove tokens from circulation via one-way transactions. You can validate the transactions here https://lnkd.in/dZsm-k4i - Cointelegraph earlier published an article that states USD Coin is going to survive Silicon Valley Bankâs collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks. Check out Blockchain DXB, Crypto & Coffee at 8 podcasts where we explore this in detail. Podcast link here⥠Spotify: https://spoti.fi/3y3Fapq đĽ Big News todayđ¨ CPI data are scheduled to be released on today, at 8:30 A.M. Eastern Time. Official information to be found via the Bureau of Labor Statistics here https://www.bls.gov/cpi/- This news later today severely impacts the global crypto market!- Are market manipulators playing the game?đ On the 22nd of March Federal Reserve Board chair, Jerome Powell will be announcing the next interest rate hike. Goldman Sachs expects No Rate Hike in March due to stress in the US Banking System Bitcoin.com article states In a note to clients on Sunday, the bankâs economists, led by its chief economist Jan Hatzius, detailed: In light of the stress in the banking system, we no longer expect the FOMC to deliver a rate hike at its next meeting on March 22. Article here https://lnkd.in/dEg_Rytnđ Meta is scrapping its nonfungible token features across its social media platforms, Facebook and Instagram, around 10 months after they first launched. Stephane Kasriel mentioned via Twitter, worth reading a series of threads here https://lnkd.in/dd28mkPY Looks like Meta is focusing on other ways to support creators, people, and businesses.đ¨ Two UAE news:⥠Dubai Police HQ, Rochester Institute of Technology, Dubai (RIT Dubai) launch âFinancial Crime Digital Transformationâ Diploma⥠Stable coin episode by Blockchain DXBFor slides click here: https://tinyurl.com/yckvhkf5LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15 Registration l here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #metaverse #btc #blockchaindxb
Host: RA George Guest: Vinod Varma, Resurrection Events (Desert Inferno 8, March Massacre 2023)Date 13th March Time: 11:00 GSTRecorded via: Zoom. Contact info for Vinod: +971509647009 (Call or WhatsApp)Email: 2vinalways@gmail.com WhatsApp Group: Metalheads United UAE here: https://tinyurl.com/4f2vj25w Facebook DJ Wynn: https://tinyurl.com/4mdh6wu4Facebook Vinod Varma: https://tinyurl.com/bdeydmrv Instagram: djwynn_heavymetalnights https://tinyurl.com/86tzvbde Latest event informationDesert Inferno 8: March Massacre 2023-04th March Gutslit (FB: https://tinyurl.com/2p8bc86n ) Instagram https://tinyurl.com/3nkseujr -11th March Godless (FB: https://tinyurl.com/5hc9ej93 ) Instagram https://tinyurl.com/5xzn87zz -18th March Unfathomable Ruination (FB: https://tinyurl.com/48bbsskh) Instagram https://tinyurl.com/d9zjer5j Summary of the conversationâ˘Brilliant conversation with Vinod Varma, founder of Resurrection events. â˘We discussed the passion for heavy metal & Death Metalâ˘Vinod shared the upcoming events in Dubai. â˘We discussed his upbringing and the impact of heavy metal dating back to the late 1980sâ˘He shared his first heavy metal experience and surrounding in the vibrant city of Bangalore.â˘He gave some really interesting insights on the early stages of metal in Bangalore.â˘He shared stories of different venue and the impact it has had on peopleâ˘We also discussed his first international band experience â˘Vinod shared his journey of organizing events in Bahrain Oman dating over a decade.â˘We had some interesting conversations discussing the heavy metal scene in the Middle Eastâ˘Vinod shared his journey of arranging metal concerts in Dubai.â˘He told us some of the challenges faced in the early daysâ˘We also discussed the impact of Covid 19 on live gigs.â˘We explored the plethora of bands he has worked with such as Perversion, Nervecell, Creative Waste and many others. â˘He told us about the changes in the environment during & post Covid eraâ˘We discussed some of the challenges he faced and how he overcomes those challenges.â˘Vinod explained in detail Desert Inferno 8: March Massacre 2023â˘We had a depth discussion on the bandâs performance at these events.â˘He also informed me what to expect at the upcoming event on the 18th of March.â˘Vinod inside scoop on future eventsâ˘We also discussed the possibility of accepting Bitcoin & other cryptocurrencies as part of payments for tickets, bands remuneration and for merchandiseâ˘We also discuss how Metaverse could impact live performance.â˘Vinod shared the importance of understanding technology and using it to an advantage.â˘We also discussed two musicians he would like to meet from the Death Metal genre.Thank you for the podcast. For feedback or suggestion email: info@blockchaindxb.com or info@area2071.com
13th March: Crypto & Coffee at 8 đď¸đ¨ Biden: Come on Man! You know the thing! 30% tax on crypto mining electricity usage. 𼜠Silicon Valley Bankâs collapse and Crypto! đĽ Circle USDC Stablecoin Depegs: An interesting Monday aheadđŚ Cointelegraph article states that the United States crypto miners could eventually be subject to a 30% tax on electricity costs under a budget proposal by President Joe Biden aimed to âreduce mining activity.â Official paper by the U.S. Department of the Treasury that explains the supplementary budget that was released a few days ago here https://lnkd.in/dchjsXzb It states that the tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.đ The White House also confirmed reports that itâs looking to end a tax strategy for crypto transactions that it estimates would raise $24 billion. Official report here https://lnkd.in/dzB36U3nWhich side of politics is in favour of Bitcoin, Opensource, Freedom of speech and Innovation?đľ Democrats (USA)đ´ Republicans (USA)đľ Labour Party (UK)đ´ Conservatives (UK)đľ Congress (India)đ´ BJP( India)đ Chinađ Silicon Valley Bank was a commercial bank headquartered in Santa Clara, California. SVB was the 16th-largest bank in the United States at the time of its failure on March 10, 2023 đď¸ CoinDesk is reporting that Stablecoin prices wildly swung and gas fees soared as investors scrambled to move money around hours after regulators shut SVB amid a run on the bank, which had ties to crypto. It was the second crypto-linked bank to go under this week. Article here https://lnkd.in/dExG5njn Traders are speculating that Circle, which issues USDC, has worse exposure to Silicon Valley Bank than the $3.3 of the $40 billion backing USDC it disclosed. đ¨ An update by Circle via the official blog states that USDC can be used 24/7/365 on the chain, and issuance and redemption are constrained by the working hours of the U.S. banking system. https://lnkd.in/drekEvwh Circle is also planning to âCover Any Shortfallâ in USDC Reservesâ Itâs going to be very critical to see what happens on Monday! đą MakerDAOâs decentralized stablecoin DAI also hit an all-time low of $0.88. DAI is currently trading at $0.96 according to CoinMarketCap.Data from Dunes shows that $563 million of DAI was burnt in the last 24 hours. In total, the stablecoin has a market cap of $4.9 billionhttps://lnkd.in/d8hphWbp đ¨ Check Blockchain DXB Crypto & Coffee at 8 podcasts where we explain this in detail and share our opinions and thoughts on this. Podcast link here⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1đ´ Two UAE news: (See slides for more info)⥠ftNFT Marketplace opens the first franchise in Abu Dhabi and the UAE⥠PurpleFi, has launched fractional ownership in real estate through tokenisation in DubaiFor slides click here: https://tinyurl.com/5n7v7cxuLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15Registration l here https://tinyurl.com/yc2e8j2p⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #metaverse #btc #blockchaindxb
09th March: Crypto & Coffee at 8 đď¸đĽś The global crypto market is below $1Trillion đđť Bitcoin NFT auction nets $16.5M in 24 hours đ¨Mt. Gox Creditors have until Friday to file repayment claims ⥠Cardano: No-Code NFT Toolđ Bitcoin Ordinals:â Yuga Labs creators of Bored Ape Yacht Clubâs first Bitcoin NFT on Bitcoin Ordinals auction nets $16.5M in 24 hours. They earned 735 Bitcoin from its âTwelveFoldâ collection, with 288 bidders winning a piece of the Bitcoin NFT collection. Cointelegraph article states that According to Yuga Labs, the winners will receive their inscription within a week after the auction. However, those who did not reach the top 288 will have their funds returned to their receiving address. The article here https://lnkd.in/dE7S56ks also statesđ The research arm of asset management firm Galaxy Digital predicts the rapidly-developing Bitcoin NFT market will eventually reach a market capitalization of $4.5 billion by March 2025â What are your thoughts? Will NFTs on Bitcoin Blockchain continue the hype?đĽ Peter McCormack host of What Bitcoin Did podcast has an excellent series of episodes discussing the use case of NFT on the Bitcoin Blockchain. Excellent session with Bitcoin OG Junseth here https://lnkd.in/dciVR-c9 & Rob Hamilton, CEO of AnchorWatch Worth listening via YouTube here https://lnkd.in/dmazh2Hyđ´ Mt. Gox Creditors have until Friday to file repayment Claims Decrypt article here https://lnkd.in/dm7pZrRb informs that former customers can recoup up to 90% of their losses under the rehabilitation proposal. Nobuaki Kobayashi, the Rehabilitation Trustee for collapsed Japanese Bitcoin exchange Mt. Gox, told former customers that they have until Friday to register their claims for repayment under the rehabilitation plan. Creditors have the option to receive repayment as a lump sum, as a cryptocurrency repayment, bank remittance, or as remittance through a moneytransfer service. An article dating back to 2021 has moreinformation here https://lnkd.in/dfJnD3KTđď¸ Cardano: No-Code NFT Tooljpg. store The #1 Cardano NFT Marketplace mentioned via Twitter here https://lnkd.in/dtD8e6py that they are introducing JPG Studio, a tool to help to create your own NFT collection, no coding skills are needed. Could this be a game-changer in the NFT world? Because of this announcement The Cardano non-fungible token (CNFT) market has been recording an increase in sales volume over the past 24 hours, the NFT sales volumes have increased by 18.88% over the past 24 hours. ADA is still down by over 10% since the last 7 daysđ¨ Two UAE news ( See slides)đ World Police Summit (07th -09th of March) Blockchain, NFT Cybersecurity solutions & Metaverse Dubai Police HQđ§Ą Model, actor and tech founder Lisa Ray moves to Dubai and her digital art platform focusing on NFTsFor slides click here: https://tinyurl.com/2s3fw25hLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration l here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #metaverse #btc #dogecointothemoon #blockchaindxb #metaverse #btc #metaverse #btc #dogecointothemoon
08th March: Crypto & Coffee at 8â Amazon NFT marketplace Legit or Fake news? IđĽśCrypto market below $1T again? đą 40,000 seized BTC by the US government moved! đĽ Amazon NFT marketplace seems like #fakenews for now as no legitimate source of information for this news! News is circulating that Amazonâs NFT Marketplace will utilize NFTs to Track Delivery.At this stage, loads of mainstream media are covering this news & the source of information is an infinite loop with no direct or indirect information from Amazon or a spokesperson from Amazon. This news is critical as The Web3 push by Amazon marks an important milestone for crypto adoption, as Amazon was also the first company to introduce electronic books to the mainstream. đ¨ Federal Reserve Board chair Jerome Powell had a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. We strongly recommend watching the full video via Fox Business Network on YouTube here https://lnkd.in/dgUgcqRPđ Bitcoin.com has reported that Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed âWe donât want regulation to stifle innovation.â- Could this cause the global crypto market to go below $1T?- How will the price react when Jerome Powell announces the interest rate hikes? đ 40,000 BTC approx ($1Billion ) by the US government moved!â Glassnode has mentioned via Twitter that approximately 40k $BTC from wallets associated with US Government law enforcement seizures is on the move. 9,861 of the total BTC seized from the Silk Road hacker have been sent to Coinbase. Official info here https://lnkd.in/dNQ5GEA6đ The power of Publicly Verifiable: The benefits of using Open Blockchain. The relevant transaction depositing these funds to Coinbase can be found here.https://tinyurl.com/42uj95e7- This cannot be done with past Banking or Centralized systems- Can Private blockchains allow transactions to be Publicly Verifiable? Even if they do a centralized entity can easily double spend!đ Shiba Inu to the moon?Shiba Inu are thrilled to announce that #SHIBARIUM Public Beta will be launching THIS WEEK! https://lnkd.in/dBB6UZ8M AMBCrypto has a great article that states Shiba Inu wallet, community-driven ecosystem, &SHIB-related marketplace are three key features driving adoption https://lnkd.in/d6k2V9uNđ¨ Two UAE news (See slides)⥠Museum of the Future: âWall of Knowledgeâ includes Blockchain DUBAI FUTURE FOUNDATION⥠Investopedia 2023 (2â3 March 2023) How Blockchain Will Change Finance. Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠For slides click here: https://tinyurl.com/y2pj2hbmLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration l here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #metaverse #btc #dogecointothemoon #blockchaindxb #metaverse #btc #metaverse #btc #dogecointothemoon
07th March: Crypto & Coffee at 8 đď¸âĄ Norway: Northern Lightning Conference 2023 ⥠Project Icebreaker by Bank for International SettlementsâââBIS. âď¸ DAO gets legal recognition in the USA đ Norway is hosting the worldâs âmost Bitcoin experienceâ Northern Lightning 2023 will take place in Bergen, Norway from March 17 to 19, from the 17th to the 19th of March, and the Norwegians are going all out, it seems. More info here on the list of speakers and to book tickets here https://lnkd.in/eyCWayMD đ Project Icebreaker a report by Bank for International Settlement explores the potential benefits and challenges of using retail CBDC in cross-border payments. It tested the technical feasibility of conducting cross-border/cross-currency transactions between different DLT-based CBDC proofs of concept. The project was a collaboration between the ×× ×§ ×׊ר×× Bank of Israel, Norges Bank, Sveriges riksbank and the BIS Innovation Hub. Detailed report here https://lnkd.in/eZPfbBXcđ Bitcoin Mining DifficultyBitcoin.com has that Bitcoinâs hashrate, which is the total computing power used to mine Bitcoin, has remained relatively stable over the past 30 days, averaging around 305 exahashes per second (EH/s), despite a 9.95% increase last week and reaching an all-time high difficulty. The hashrate has slightly increased to around 308 EH/s over the last 2,016 blocks. The upcoming difficulty change, scheduled for March 10th, is predicted to increase further as the time it takes to mine each block has been faster than the standard 10 minutes, ranging from 8 minutes and 30 seconds to 9 minutes and 41 seconds per block. âď¸ DAO: Legal statusThe Utah State Legislature passed the Utah DAO Act, granting DAOs legal recognition and limited liability protections. On March 1, with the amendments & compromises the Utah DAO Act was passed unanimously by both the House and the Senate. On March 1, with the amendments (and compromises stated above) the Utah DAO Act was passed unanimously by both the House and the Senate. More info here https://lnkd.in/ewug2g8Qâ Should DAOs get legal entity? What was the purpose of creating Bitcoin?đď¸ Check out the Blockchain DXB podcast where we highlight the positives and negatives of this and general commentary in the world of #bitcoin, #cryptocurrency, #blockchain #nft, #defi & #metaverse. Podcast links here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1⥠Two UAE news: ( See slides)đ¨ Dubai-Headquartered Crypto Exchange MaskEX Global Launches Virtual Card for Worldwide Spendingđ¨ ReelStar going to launch its token (currency) at a launch party in Dubai downtownFor slides click here: https://tinyurl.com/muh2aueLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration link here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #metaverse #btc #dogecointothemoon #metaverse #btc #metaverse #btc #dogecointothemoon
06th March: Crypto & Coffee at 8 đď¸đ 2023: Worst start for Binance, đSilvergate Bank discontinues its cryptocurrency payments â Lido receives SEC notice, Legit or Fake News? âBinance in 2023đ¨ Binance US is operating an âUnregistered Securities Exchange,â an official from Security Exchange Commission has said during a Voyager Digital bankruptcy hearing. The staff believes the sale of VGX tokens by Voyager Digital violated federal securities laws. More info via CoinDesk here https://lnkd.in/dURNkwFp đą An accusation of Binance stealing AI-powered NFTs idea. Chatcasso, BNB Chain hackathon winner, accuses Binance of stealing AI-powered NFTs ideas. He responded to a tweet message from Changpeng Zhao for blatantly stealing his project. More info via Twitter here https://lnkd.in/d_zM_WM9 đ BUSD market cap at $8.6B down by over 45% in the last month. The market cap for Binance Stablecoin BUSD has Plummeted by more than 45% since Paxos Trust, the stablecoinâs operator, said that it would stop minting the Binance-branded stablecoin BUSD. The move followed more news that the SEC intended to sue Paxos for violating investor protection laws.đď¸ Check the Blockchain DXB podcast where we explore this area in detail & also discuss what is going on in DeFI. Link for the podcast here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1 𼜠The DeFi crypto market cap is only at $51.80B, what does DeFi have to do to get mainstream adoption? See slides 1 & 2 for a detailed breakdown đť Silvergate Bank has discontinued its cryptocurrency paymentsnetwork. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurrency firms, including Coinbase, Gemini, Paxos, and Circle.đťBitcoin.com article states that the bank claimed that as of Sept. 20, 2022, FTX represented less than 10% of its $11.9 billion total deposits from all digital asset customers. The bank is reportedly being investigated by the U.S. Department of Justice (DOJ) over accounts tied to the disgraced FTX co-founder & legend Sam Bankman-Fried (SBF). https://lnkd.in/dm7aArvXâ What does this mean for the crypto industry? đ¨ LIDO: Rumour OR Legit?đ˝ Crypto podcaster David Hoffman of Bankless spread (and then retracted) a rumour that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment. This did cause Lidoâs LDO Token Sinks 10%. More info via CoinDesk on this here https://lnkd.in/dAgJ2-Sh đ´ Two UAE news: (See Slides)⥠ABO Digital to bring alternative financing structures t UAEâregionâs crypto marketđ˝ chatGPT article on Dubaiâs role in Cryptocurrency, Blockchain, Metaverse & Web3.0 OpenAIFor slides click here: https://tinyurl.com/2p8j2vjfLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration link here https://tinyurl.com/yc2e8j2p⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #metaverse #btc #dogecointothemoon #metaverse #btc #metaverse #btc #dogecointothemoon
Blockchain DXB & Yancy Culp, Spartan DEKA Co-Creator & Director of Sport. Host: RA George Blockchain DXB & The Race Space Podcast Guest: Yancy Culp, DEKA Co-Creator & Director of Sport Date 28th February Time: 09:20 am Central Time (USA) Google Meet: Audio version Instagram: yancyculp https://tinyurl.com/y7p8d9uh Email: yancy.culp@spartan.com LinkedIn: https://tinyurl.com/3yry46hv DEKA Website: https://deka.fit/ DEKA Affiliate information: https://deka.fit/affiliate/ DEKA Affiliate Application form and inquiry: https://tinyurl.com/2bbus475 DEKA Fire: The body weight test for all levels of Fitness: https://tinyurl.com/2yshrppm Upcoming DEKA event in UAE: DEKA STRONG Hosted by Desert Shield Fitness, Abu Dhabi, UAE 15th April 2023 UAE Registration link here https://tinyurl.com/yw98ddvn Podcast with April Lauren via Spotify: https://tinyurl.com/4zwc4sxa Summary of the conversation ⢠Yancy shared his fitness journey and experience completing a brutal 72-hour Death race. ⢠He discussed his business collaboration with Joe De Sena, CEO, and Founder of Spartan Race. ⢠Yancy explained what DEKA is, its history, and the decision-making process behind its events. ⢠He provided details on the different formats of DEKA, including DEKA STRONG, DEKA MILE, and DEKA FIT. ⢠Yancy shared specifics of the DEKA Affiliate program, highlighting its benefits for gym owners, the basic requirements, and the support offered by the DEKA team. ⢠The challenges that Spartan has faced during the COVID era were discussed, with Yancy providing insights into how the business has overcome them. ⢠Yancy explained DEKA's business model, making it easier for fitness enthusiasts, new joiners, pro athletes, and business entities to be part of the DEKA family. ⢠Future ambitions and challenges were discussed, with sound advice offered to race directors, event organizers, and gym owners on the importance of celebrating fitness and catering to a larger audience. ⢠Yancy offered advice to OCR-specific athletes on what to expect from DEKA events. ⢠He also had some excellent advice for pro athletes in the functional fitness space on how to set a new benchmark. ⢠Yancy stressed the importance of creating a culture of celebrating fitness and having a positive impact on people's lives for fellow business partners and competitors in the fitness industry. ⢠In a light-hearted moment, Yancy shared how he would perform a 1-mile race with his father. ⢠Music's impact on fitness and overall health was also discussed. Thank you for the podcast. For feedback or suggestion email: info@blockchaindxb.com, theracespacepodcast@gmail.com OR info@area2071.com
02nd March: Crypto & Coffee at 8 ââ #chatshitgetbangedâââSolana NOTwork has been down more than 10 times! đ¨ Polygon Labs: Zero-knowledge identity for Web3 đĽ CBDC goes down under with MastercardđŻ #chatshitgetbanged Solana NOTworkđ¨ In April 2022 Anatoly Yakovenko co-founder in an interview with CNBC said bitcoin needs to switch to proof of stake or it might lose adoption if it doesnât change to a proof-of-stake (PoS) consensus algorithm, Bitcoin may not be relevant. Fast forward to Solana has been down more than 10 times. Article by CNBC here https://lnkd.in/emsQuwsMđ The Solana Foundation confirmed in a Feb. 27 post that the âroot causeâ of the recent 20-hour network outage is still unclear. Article here https://lnkd.in/eumASTFk Anatoly Yakovenko also published âPlans to Improve Network Upgradesâ via Medium here https://lnkd.in/eGRXZVsqđď¸ He stressed that the core engineer is going to be focused on stability and adversarial testing.đ Polygon Labs has announced the launch of Zero knowledge identity for Web3. Official news via Twitter here https://lnkd.in/eJzg47nk 4 tools have been released in the #PolygonID Identity Infrastructure to build a more equitable internet that places identity at the centre of it. Detailed information here https://lnkd.in/eGw3wzeR. Check our Blockchain DXB podcast where we use OpenAIâs chatGPT& explain it Link for the podcast here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1đŚ Reserve Bank of Australia taps Mastercard and 14 others such as ANZ, Australian Bond Exchange, Monoova | Fintech Organisation of the Year, Unizon & many others to test CBDC.đ° The Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore potential use cases and economic benefits of a CBDC in Australia. Use Cases The projects will take part in the countryâs central bank digital currency pilot, expected to wrap up later this year. Selected use cases and providers can be found in theOfficial link here https://lnkd.in/eNt8bpdpâ Panerai the Italian luxury watch manufacturer since 1860 is also getting into NFT Decrypt has an article which shares Eva Assayag,Web3 lead at Panerai, who sat down with Decryptâs Dan Roberts at NFT Paris to talk about Paneraiâs Web3 strategy. They discuss experience watches and will soon include a âdigital passportâ sold with every watch. Article here https://lnkd.in/ew4Hm5BQ đ In March of 2022 Panerai launched an NFT initiative with its latest timepiece release, the Radiomir Eilean Experience Edition. Article here https://lnkd.in/ec5b_hp5đ Two UAE news (See slides)đ˘ Bored Ape Yacht Club Party Partners with Dubai International Boat Show Boat ShowđŚ Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 03rd March event by Blockchain DXBFor slides click here: https://tinyurl.com/4dwmknd6LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration link here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⥠Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28#metaverse #btc #dogecointothemoon #metaverse #btc #metaverse #btc #dogecointothemo
01st March: Crypto & Coffee at 8đ Coinbase â suspends Binance BUSD Stablecoin đĽ Forbes article Binanceâs asset shuffling similar FTX đ NFTs on Bitcoin crosses 200,000đ Coinbase announced via Twitter that it will suspend trading of Binance USD (BUSD) starting March 13 on or around 12 pm ET, because the stablecoin doesnât meet its listing standards. Official tweet here https://lnkd.in/djRiahygđ The 24hr trading volume hasnât been affected but the Market cap is down to $10.5B Circle USDC volume is almost 4 times higher but the volume is less than half. See slide 2 where we explore this in detail & check out Blockchain DXB podcast where we share our thoughts & opinions on this Link for the podcast here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1đĽ Who wins the war on Stablecoins?- Tether.to USDT- Circle USDC- Binance BUSDâ How will stablecoins react once CBDC gets mainstream?âď¸ Forbes article here states that Binanceâs asset shuffling is eerily similar to manoeuvres by FTX. The article here claims Binance moved $1.8B in Stablecoin collateral to Hedge Funds last year, which means that over $1 billion worth of tokens called B-peg USDC digital replicas of dollar-pegged stablecoin USDC were uncollateralized despite Binanceâs claim that they were 100% backed. Info here https://lnkd.in/d8KP3nEmđď¸ Binance CEO Changpeng Zhao has tweeted that Binance implemented proof-of-reserves using a new zero-knowledge (ZK) approach (suggested by Vitalik), protecting our usersâ security and privacy. Series of threads here https://lnkd.in/dtfCmVH7 He also tweeted They (Forbes) seem to not understand the basics of how an exchange works.đŚ Bank of England is not ready for CBDC yetâCointelegraph article has reported that BoE deputy governor Jon Cunliffe has said There is more than a 50% chance that the central bank of the United Kingdom would issue a CBDC, but the regulator doesnât have the technical skills to issue a digital currency yet. Article here https://lnkd.in/dTs4WMsmđ§ Bitcoin-Based NFTs Cross 200,000 Ordinal InscriptionsâOn Monday, Feb. 27, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain crossed 200,000 at 1:02 p.m. Eastern Time. In addition to the 200,000 inscriptions,Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), revealed that the team had created a collection of 300 generative ordinal NFTs called Twelvefold. Detailed Information via Bitcoin.com here https://lnkd.in/d5GraCPeđ´ Two UAE News: (See slides )⥠UAE emirate Ras Al Khaimah Economic Zone (RAKEZ) to launch a free zone for digital and virtual asset firms⥠MENA tops the world in crypto adoption source via ZawyaFor slides click here: https://tinyurl.com/2p444r3zLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration link here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #metaverse #btc #dogecointothemoon #metaverse #btc #metaverse #btc #dogecointothemoon #metaverse
28th Feb: Crypto & Coffee at 8 đď¸đĽ Drake Curse: Lost $400,000 in bitcoin đť $700,000 drained from Binance BNB chain. NFT trading to the đđĽ Jake Paul vs Tommy Fury took place On Feb. 26, 2023, in Diriyah, Saudi Arabia. Drake took to Instagram and showed off his bet, which was placed on the crypto betting platform Stake The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Bitcoin.com has reported that he had placed a $400,000 bitcoin wager, or roughly 17 BTC, on Paul winning the fight by knockout (KO). Article here https://lnkd.in/dQZT6nFDđą Binance BNB Chain-based DeFi protocol LaunchZone claims an exploit led to $700,000 of funds being drained from its liquidity pool, with its native token plunging in value. They are alleging an attacker carried out an exploit. As of 27th Feb, more than 80% of funds in the LaunchZone liquidity pool were drained & value of its native token Launch Zone (LZ) dropped by over 80% as funds were swapped out through Pancake Swap, More info via Cointelegraph here https://lnkd.in/dQ3h6c9t đ Glassnodeâs weekly insights state Despite the bearish sentiment, and an overhang of regulations, the application layer of Ethereum continues to flourish. The NFT market is experiencing great competition, with the new marketplace Blur taking market share from leader OpenSea, driven by a strategy focused on traders and liquidity. Important to note that The renewed interest in NFTs, however, has not yet attracted new users, or triggered significant new capital inflows into the Ethereum ecosystem. Detailed info here https://lnkd.in/dHMVqmntđ DailyCoin has also reported that The generative art collection by Jack Butcher is trending on Blur and OpenSea & has skyrocketed by 98.72% And Opepen edition NFT floor price skyrocketed by 700% in the last 14 days.đ CoinShares weekly blog via Medium states a stronger than expected macro data weighs on crypto sentiment. The blog states Bitcoin saw outflows for the 3rd consecutive week totalling US$12m, while short-bitcoin saw inflows totalling US$10m (mostly from the USA) https://lnkd.in/dABBhqmbâ MakerDAO rejects $100M Loan to Cogent Bank, looks like Defi is not merging with Traditional Finance. The MakerDAO community rebuffed state-chartered Cogent Bankâs proposal to borrow $100 million from the decentralized lending platform More info here https://lnkd.in/dY9Kt66iđď¸ CoinDesk article reported that some 73% of the voters rejected the plan. Article here https://lnkd.in/d8RaRjMJđ¨ Two UAE News (See slides)⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB âRegistration link Eventbrite here https://lnkd.in/du7z_Y3e ⥠PESTLER analysis on Bitcoin (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB. âRegistration via Eventbrite here https://lnkd.in/dPy8PGEZFor slides click here: https://tinyurl.com/4bcrhxkmLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration link here https://tinyurl.com/yc2e8j2p ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #metaverse #btc #dogecointothemoon #metaverse #btc #metaverse #btc #dogecointothemoon #metaverse
27th Feb: Crypto & Coffee at 8 đď¸đ Artificial Intelligence Crypto Coins in 2023 đ¨ International Monetary Fund has no Love for Bitcoin, suggests a ban on privacy coins đťSolana Blockchain downđť đ IMF has published a paper with a nine-point recommendation!⥠The paper âElements of Effective Policies for Crypto Assetsâ sets forth a framework of nine elements to help members develop a detailed, comprehensive, consistent, and coordinated policy response. Report here https://lnkd.in/dUE3kVYC đď¸ International Monetary Fund maintained its firm stance against Bitcoin as money, its Head believes central bank digital currencies (CBDCs) are the most reliable form of digital money. đą Reuters article also, states banning private crypto should be an option, article here https://lnkd.in/d_7SsnBG đ˝ OpenAIâ chatGPT has floored in crypto coins and tokens linked to AI. The relationship between blockchain technology and artificial intelligence is still in the process of developing and establishing itself. DailyCoin has a great article that highlights some of the original AI crypto projects and clarifies this murky niche. Article here https://lnkd.in/dz6sVecF discusses this.- SingularityNET (AGIX)- Fetch.ai (FET)- The Graph (GRT)- Ocean Protocol (OCEAN)- Numeraire (NMR)- Artificial Liquid IntelligenceâââAlethea AI (ALI)- DeepBrain Chain (DBC)- Cortex (CTXC)đ Great article & it clearly states that Artificial Intelligence is a complex area of research. There are still plenty of lingering questions about its limitations and capabilities, which leads to confusion & misunderstandings in the crypto market. And these conditions give malicious actors a platform to provide misinformation and deploy scams. We recommend that you exercise caution when navigating the AI sector of the crypto market.đť The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a âlarge forking event,â causing transaction failures for some users. Solanaâs incident report referred to it as âcluster instabilityâ and indicated that a coordinated restart was launched to accelerate block finalization. Bitcoin.com article here https://lnkd.in/dgACAGaQ.â This has not impacted the price of #SOL for the latest update best to follow Solana Status on Twitter https://lnkd.in/duvrdWREđľ Wipro Lab45 taps into the power of Blockchain to change the paradigm in digital identity verification. The announced the launch of its Decentralized Identity and Credential Exchange (DICE) ID, which puts users in control of their personal data and enables faster, easier and more secure sharing of private information online. Info here https://lnkd.in/duAG3JyHđĽ Two UAE news: (See slides)⥠DMCC Crypto Centre and TDeFi | Web3 Incubator & Consultancy launch accelerator programme⥠Art Dubaiâs largest-ever edition to take place from 1â5 MarchFor slides click here: https://tinyurl.com/3bu5vjnt LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d đĽ Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15. Registration link here https://tinyurl.com/yc2e8j2p⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #dogecointothemoon #metaverse
23rd Feb: Crypto & Coffee at 8 đď¸đâCrypto Is Really DangerousââââSir Tim Berners-Lee đ¨ Federal Reserve Boardâs FOMC minutes cause the crypto market to shrink by 11.06% đ Polygon Block explorerâ World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is âreally dangerousâ & âonly speculative.â & likened it to gambling. He shared his thoughts about cryptocurrency on CNBCâs âBeyond the Valleyâ podcast, which you can watch via YouTube here https://lnkd.in/dWeyGTFE Three decades after inventing the web, Tim Berners-Lee has some ideas on how to fix it.đď¸ The Federal Reserve Board released the FOMC minutes here https://lnkd.in/dYadYzEr . The minutes clearly mention that the unemployment rate had remained low & the Members agreed that inflation had eased somewhat but remained elevated & due to the Geopolitical situation between Russia-Ukraine, the FED is remaining highly attentive to inflation risks.đ CoinDesk reported that Bitcoin dropped to nearly $23,600 following the release of less than encouraging minutes from the FOMC January meeting but rebounded along with other significant cryptos later in the day Article here https://lnkd.in/dPvWishrđľ Barronâs states precisely the opposite that Bitcoin Gains After the Release of Fed Minutes, article here https://lnkd.in/dPvWishrđ¨ The next interest rate hike will take place on the 22nd of March. How will this impact the price of Bitcoin & Cryptocurrencies?â All price predictions are 100% right, 50% of the timeââ Polygon : Polygonscan crashed for several hours Wednesday, leading many to falsely believe the Polygon network itself had gone offline. However, Polygon has not experienced any outages in processing blocks, Decrypt confirmed with multiple validators on the network. A few nodes on the network did, though, go out of sync, according to a Polygon spokesperson. More info here https://lnkd.in/diXanQKQ Unlike Centralized Blockchain Solana, Block production never stopped, however, there could have been a degradation in network performance temporarily. â The interruption on PolygonScan created the appearance that no transactions were taking place, sowing confusion and ultimately prompting Polygonâs co-founders, Sandeep Nailwal, to tweet that there were âissuesâ with the blockchain explorer. He tweeted You can use OKLink explorer in the meanwhile. His tweet here https://lnkd.in/dR4hpGjS âď¸NFT: A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered unregistered security. Tim Draper has responded with crucial information via Twitter here https://lnkd.in/dMjd7E9hTwo UAE news: (See slides )⥠Annual Middle East CIO Summit in Dubai ( Metaverse & Web3 )⥠Saudi Arabia: Energy Giant aramco Signs Agreement With droppGroup to Build Web3 TechFor slides click here: https://tinyurl.com/5ekjy66yLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #blockchaindxb #dogecointothemoon #metaverse #btc #dogecoin #podcasting #pod #blockchaindxb #dogecointothemoon
22nd Feb: Crypto & Coffee at 8 đď¸đ Earnings Report = Crypto market downđť #Defi volume but TVL down đ¤¨đ´ A crucial week for the crypto world as the Earnings report shows mixed informationCoinbase đşCoinShares đťRobloxđşWalmartđşđ Coinbase beats on revenue and earnings, but usage continues to decline CNBC has a detailed report on this here that states Coinbase reported $629 million in revenue, vs. $590 million as expected by Refinitiv, an LSEG business analysts firm.- It had 8.3 million monthly transacting users (MTUs) during the fourth quarter, down from 8.5 million in the prior period.- Transaction revenue fell 12% to $322 million from the previous quarter, which was below the $327 million consensus among analysts polled by StreetAccountđ CoinShares reports sharp drop in 2022 income as reported by Reuters & they to claim that CoinShares blamed market turbulence for a 97% fall in full-year income and said it lost 26 million pounds ($31 million) in the collapse of major exchange FTX. CoinShares has published its findings via LinkedIn stating a record of $17.2 million in inflows in Q4 2022. https://lnkd.in/d2H2JtwUđ Roblox stock is up 26% after the fourth-quarter earnings report beats estimates detailed report here https://lnkd.in/dnN4e3Ap- Roblox reported 58.8 million average daily active users, up 19% from a year earlier.- Users spent more than 12.8 billion hours engaged in Roblox during the fourth quarter.đľ Walmart Releases Q4 and FY23: Earnings by Reuters highlight the following.- Revenue up 7.3% globally with broad-based strength across segmentsWalmart U.S. grew comp sales1 by 8.3%, with eCommerce growth of 17%Filings here https://lnkd.in/dw6NmS2Xđ Glassnodeâs weekly insights state that investor behaviour on-chain appears to be reaching a turning point, hinting at a new cycle. More info here https://lnkd.in/dPv3n6GY đ CoinShares weekly blog via Medium states Digital asset investment products saw outflows totalling US$32m last week, Bitcoin bore the brunt of the negative sentiment, seeing nearly US$25m of outflows, while short-bitcoin investment products saw inflows of US$3.7m. The data is only till the 17th as there was drastic movement on the 18th & 19th https://lnkd.in/dpPcgEvJđ #Defi is accounting for a higher % of the total crypto market volume BUT the TVL has dropped in the last 24 hours, which means a lot of selling in the Defi world. See slide 2 below for detailed information and check out Blockchain DXB Crypto & Coffee at 8 podcasts where we explore the price crypto market, such as #Defi,#privacycoins #stableoins #metaverse and a lot morePodcast link here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1đ¨ Two UAE news (See slides)⥠Sensorium Galaxy enters public playtest and lays out global metaverse vision⥠Saudi Arabia to host Web3 DelightFor slides click here: https://tinyurl.com/bdd2zu6vLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #blockchaindxb
21st Feb: Crypto & Coffee at 8 đď¸đ´ Blur overtakes OpenSea, đĽOrdinals on Litecoin! đ #Defi picking up pace in 2023 đ§Ą Bitgeneration educating Italians on #BTCđ¨ Blur, the zero-fee non-fungible token (NFT) marketplace has overtaken OpenSea as Ethereum NFT trading has skyrocketed CoinDesk reported last week based on data by Nansen that blurs has seen a steady rise over the past month. Blurâs daily trading volume more than quadrupled following Blurâs release of a native token. Last week on the 18th The trading volume on Blurâs marketplace stood at 6,602 ether (ETH) Wednesday and OpenSeaâs trading volume stood at 5,649 ETH. https://lnkd.in/d8a_pfhAđď¸ Decrypt has also confirmed Over $500 million worth of Ethereum NFT trades took place over the past week as Blurâs reward model catapults it over OpenSea. According to data from DappRadar, Blur has generated $460 million worth of Ethereum NFT trades over the past seven daysâââa 361% increase over the previous span. Article here https://lnkd.in/djNJvhgTđ OpenSea in response implements 0% fees to win over the NFT user base lost to Blur. They mentioned via Twitter some more crucial changes Series of informative tweets https://lnkd.in/dhuGVhvJ đđ 2023: The year of #Defi? Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we share thoughts on opinions on #Defi, In 2022 the TVL dropped from $242B (In Jan) to only $47B (Dec) See slide 2 for more details info. Link for the podcast here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1đŻ BitPolito, a group of students from Politecnico di Milano di Torino University has announced âBitGeneration,â a project that aims to bring Bitcoin education to Italian high schools. According to the press release sent to Bitcoin Magazine, the university will host 10 meetings of three hours each for 30 third, fourth and fifth-grade students at a local high school. â 10 lessons will be posted on BitPolitoâs YouTube channel so that anyone can watch the course here https://lnkd.in/d8EYXEyM â Ordinals on Litecoinđ¤¨On Sunday, software engineer Anthony Guerrera launched the Litecoin Ordinals project on GitHub after forking the GitHub repository for Bitcoin Ordinals posted by Casey Rodarmor in January. Decrypt has reported that Litecoin was chosen because it is the only other blockchain on which Ordinals could work, Guerrera said, due to its soft forks of SegWit & Taproot technology found in Bitcoin both of which are essential to making Ordinals work. Article here https://lnkd.in/diBmWQdp.đ¨ Two UAE news ( See slides)⥠Ripple Further Expands Into UAE, Payments Provider Will Use XRP- Joyalukkas Exchange⥠Stradall Announces Launch of Automotive Crypto Game Trading CardsFor slides click here: https://tinyurl.com/43aftvjzLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #blockchaindxb
20th Jan: Crypto & Coffee at 8đĽDApps & NFT on Bitcoin BlockchainđĽ đ#STX up 100.9% đCan NFT on Bitcoin life the entire cryptosystemđ âď¸ Bill passed on Disclosure of private cryptographic keys đď¸ Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we explain what is Stacks! & commentary on the news in the world of #bitcoin, #blockchain #cryptocurrency #nft #defi #web3 & #metaverse Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1 đ CoinMarketCap summarizes that Stacks is a layer-1 blockchain solution designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). https://lnkd.in/d9MrCvu8 ⥠Lightning Network NOT Blockchain is definitely gaining momentum đ¨ NFTs on Bitcoin Blockchain!CoinDeskâs article shares the opinion that Bitcoin Ordinals can lift the entire crypto ecosystem. They also mention U.S. Securities and Exchange Commissionâs exemption of Bitcoin from the label of security, which could definitely help this.đŻ Decrypt has a Beginnerâs Guide to Bitcoin NFTs, definitely worth reading through here https://lnkd.in/ddpSKJps đĽ The U.S. state of Wyoming has passed a bill that protects its citizens from having to disclose their private keys, with a singular exception. Having now been approved by the state Senate and House of Representatives, it now simply needs to be signed by the Governor in order to take effect. Official info here https://lnkd.in/dkk-GrfU â If approved by the governor, the bill would take effect on July 1, 2023. More info via Bitcoin Magazine https://lnkd.in/dQgSphqp â Does this also mean that in states where a bill is not passed, the citizens are not protected? đ Defi â CefiMakerDAO is voting on $100M loan participation with Cogent Bank based in Florida. The bank is proposing to participate with $100 million in loans to MakerDAOâs RWA Master Participation Trust. MakerDAO would use its trust arm to link the capital available at Cogent Bank with MakerDAOâs Dai DAI $1.00 stablecoin. The trust entity would be responsible for ensuring DAI minting & destruction from the vault, as well as managing the partnership with the bank. More info via Cointelegraph https://lnkd.in/d3uchSEf đť Binance USDđ´ Bitcoin.com article states nearly $ 3 billion BUSD Stablecoins have been removed from the market in 6 days statistics show that a significant amount of BUSD has been redeemed over the past six days, with the supply dropping by 17.77% during that time frame. Article here https://lnkd.in/d3uchSEf The 24hr volume has not been significantly impacted. đ´ Two UAE News ( See slides )⥠Blockedge Technologies Inc and Suvik Technologies FZEinks JV deal to accelerate Web3 adoption Blockedge.io Suvik Group⥠Tykhe Block Ventures holds first close of $30 million blockchain growth fund; commits 25 per cent into MENA regionFor slides click here: https://tinyurl.com/mwr99mttLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #blockchaindxb
17th Feb! Metaverse Everything đď¸đĽWorld Government Summit 2023 & MetaverseđĽđ¨ Blockchain DXBâs Metaverse Everything podcast explores the role of governments in the Metaverse and key highlights of the event. See the slides below for more information.âĄGoverning The Metaverse, A report to unlock vast Web3 potentialâĄPwC Middle East launches two papers at the eventâĄH.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai,t with Nick Clegg, President, Global Affairs of Meta⥠Sharjah Chamber of Commerce & Industry hosts scientific symposium on âMetaverseâ đ¨ Governing the Metaverse focuses on 4 key points:1. Standards2. Laws & Regulations3. Policies and incentives4. Infrastructuređ¨ Who will lead the Metaverse race in the Middle East?⥠Kingdom of Saudi Arabia⥠United Arab Emirates? đ Are stablecoins an ideal form of payment and medium of exchange in the Metaverse? We have highlighted a few points, the benefits and drawbacks of using stablecoins in the Metaverse in slide no 6 belowâ Can CBDC offer a better form of payment and medium ofexchange in the Metaverse? đ¨ Top 5 Metaverse from the world⥠Spainâs slow pace: Only 4% of the companies in Spain have managed to apply the metaverse to their operations Article by Bitcoin.com here https://lnkd.in/dZ2f76pf LaVanguardiahttps://lnkd.in/dxx-xXhS ⥠South Korea has committed more than $173 million to the development of the metaverse industry Investing.com https://lnkd.in/dvYY86q6 ⥠Microsoft reportedly shutting down Industrial Metaverse-Focused Group The Information https://lnkd.in/dz3YiyCX ⥠The Royal Navy is embracing Virtual Reality to train sailors of tomorrow in cutting-edge new navigation simulators https://lnkd.in/deGRPZEB ⥠KSA: The third edition of the King Abdulaziz Center for World Cultureâs (Ithra) Creative Solutions initiative aims to enter the metaverse with its immersive digital technologies Arab Newshttps://lnkd.in/dmuymgJ6 đ¨ Top 5 Metaverse from Dubai⥠Majid Al Futtaim announces first virtual shopping centre. âMall of the MetaverseâInside the mall, customersâ avatars will find Carrefour, Vox Cinemas, THAT Concept Store, Ghawali and Samsung Electronics Store, among others. News via Khaleej Timeshttps://lnkd.in/du2z_DC2 ⥠KogoPAY Group: On 6th February, KogoPay held its third TechKogo Forum in Dubai this time on the theme âEnterprise Metaverse https://lnkd.in/dJEQbq5C ⥠OneRare, the food metaverse, better known as foodverse, has announced its official launch in the UAE. Gulf Business https://lnkd.in/dpigChVJ ⥠Shaafra to offer Metaverse As A Service (MaaS) in UAE https://lnkd.in/d_iTvFES ⥠H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, today met with Nick Clegg, President, of Global Affairs of Meta. See slide no 4 for more informationFor slides click here: https://tinyurl.com/4ar3jnysLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #btc #dubai #Saudi
16th Feb: Crypto & Coffee at 8 đď¸đĽ US Debt Ceiling đ = Bitcoin đ Is Bitcoin Apolitical â NFTs on Bitcoin Blockchain crosses 100,000 đ Politics and politicians heavily influence the future of Bitcoin. Their policies and regulations can, directly and indirectly, impact the direction and value of Bitcoin. đŚ Reuters has reported that The Congressional Budget Office on Wednesday said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July and September unless the current $31.4 trillion cap on borrowing is raised or suspended. This has caused the price of Bitcoin to đ the moon.đŚ CNN, The Extreme Left Media also reported that Congress needs to act soon to avoid catastrophic US debt default. The article here https://lnkd.in/dcUS9bT4 discusses- Reaching the debt ceiling- Steep increase in the deficit- Slowing economy đ´ How will this impact Bitcoin & Cryptocurrency?đď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3FapqđŻ Bitcoin.com states more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node.đď¸ Additionally, a decentralized Ordinal exchange is reportedly in the works. Inscriptions have increased by 1,434%. article here https://lnkd.in/dZfpUf9p đŻ This is great for Bitcoin miners as they can charge transaction fees because the Blocks are getting full! đď¸ Gamma.io and ordinalsbot.com have created tools that allow people to mint Ordinal inscriptions onchain for an added fee on top of the network fee. đď¸ DeGods NFTs are also now on Bitcoin Blockchain In this article by Decrypt DeGods founders Frank and Kevin explain why 535 burned Solana NFTs were inscribed on Bitcoin & what they plan to do with them. https://lnkd.in/dJZdJs6aâ NFT on Museums!The Centre Pompidou, the leading modern art museum in Paris, France, announced a permanent exhibition of NFTs. The museum will showcase NFTs from various global digital artists, including CryptoPunks #110 and Autoglyph #25. According to Xavier Rey, director of the French National Museum of Modern Art, the centre is pursuing its interest in digital art in connection with blockchain. Article by Cointelegraph here https://lnkd.in/dmEZD9k8 â Twitter new CEOElon Musk tweeted a picture of a Shiba Inu dog, with the caption: âThe new CEO of Twitter is amazing.â Following this tweet, both dogecoin and Shiba Inu surged, extending recent gains. The tweet has 108 million views https://lnkd.in/dVvq2Z5m#Dogecoinâââ6%#Shibainuâââ7.62% đ¨ Two UAE news (See slides)âĄAbu Dhabi launches âHub71+ Digital Assetsâ to accelerate the growth of Web3 startups⥠OneRare launches in the UAE (Food on Blockchain)For slides click here: https://tinyurl.com/23r6yvbuLinkedIn Profile: https://tinyurl.com/569zh78j To help support his channel: â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse#blockchaindxb
15th Feb: Crypto & Coffee at 8 đď¸đşInflation is up by 0.5% đĽPaxos burns $700M Binance BUSD đ´ Snoop Dogg Donates 22 NFTs đ Inflation at 6.4% The US Bureau of Labor Statistics reported The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5% in January! Official info here https://lnkd.in/dZBYUEsx Utility (piped) gas service rose 6.7% CoinDesk article states Bitcoin dipped after US Inflation came in slightly hot. The report suggests the Fed will need to continue tightening monetary. Article here policy.https://tinyurl.com/yc6t39pu đ Federal Reserve Board will announce the interest rate hike on the 22nd of March, What kind of an impact will this have on the global crypto market? The schedule for the FOMC meeting can be found here https://lnkd.in/d3JdKRGz This date might coincide with the Ethereum Shangai upgrade!â Will Ethereum be the biggest mover in mid to late March?đą Since Monday, Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens. Paxos Treasury crypto wallet transferred $703 million worth of BUSD tokens to a burn address within 27 hours starting Monday morning, essentially removing the coins from circulation. đŻ CoinDesk article https://lnkd.in/dZCi8qDx has a screenshot from Nansen & data shows that Paxos has been burning BUSD every few hours since Monday morning. Because of this, The Binance BUSD supply decreased by more than 6% since Monday.â Stablecoin War!𤨠Is Circle behind the drama between Paxos and Binance?In the fall of 2022, Bloomberg reported that Circle complained to the New York State Department of Financial Services that blockchain data showed that Binance did not have enough reserves to back up the BUSD tokens it had issued through Paxos. Binance reportedly supported $1.7 billion of BUSD using collateral worth only $100 million https://lnkd.in/dsKfV9Ub đŻ Once Central Bank Digital Currency goes mainstream. Which stablecoin issuer will lead the market?đ° Snoop Dogg has donated 22 NFTs to LA County Museum of ArtOfficial news via his Twitter here https://lnkd.in/dvE4-iMn DailyCoin article states Los Angeles, California-based museum became the first to display an NFT series in a physical art gallery permanently. Article here https://lnkd.in/d6JU6FKCđ¨ Two UAE news (See slides)âĄChina-Backed Blockchain BSN Spartan Finds Partner in Middle East⥠Blockchain and Crypto Youth Summit on March 5â6 2023 in Dubai, UAEđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1For slides click here: https://tinyurl.com/ycxhexvnLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse
14th Feb: Crypto & Coffee at 8 đď¸đNo love for the crypto market as it shrinks below $1T đ¤Security Exchange Commission love for regulations & hate for Stablecoins.đInflation numbers related later today, could it cause heartbreak? â¤ď¸Make NFTs Great Again! đ The global crypto market is below $1T. See slides 1& 2 below for in-depth information on #Defi #Stablecoins #priavcy coins & more. Check out the Blockchain DXB podcast where we give our commentary on this & will the upcoming CPI numbers make the crypto market tumble even further. January 2023 CPI data are scheduled to be released on February 14, 2023, at 8:30 A.M. Eastern Time.đ The only website to check inflation numbers is the Bureau of Labor Statistics. The schedule for release for 2023 can be found here https://lnkd.in/dEteY4Dg đ¤ New York State Department of Financial Services has ordered Paxos to cease minting Paxos-issued BUSD as a result of several unresolved issues related to Paxosâ oversight of its relationship with Binance in regard to Paxos-issued BUSD. Official information here https://lnkd.in/dnybA6pZ đ¤ Paxos officially announced on Feb. 13 that the firm would end its relationship with Binance for the branded U.S. dollar-pegged stablecoin BUSD. Official Info here https://lnkd.in/dW9prjHcStarting from Feb. 21, Paxos will stop minting new BUSD tokens in accordance with directions and coordination with the New York State Department of Financial Servicesđ Changpeng Zhao, CEO of Binance has put up a series of Twitter threads indicating #BUSD market cap will only decrease over time but they will continue to service BUSD and manage redemptions worth reading here https://lnkd.in/dSywpzPMâ¤ď¸ 776,339âââEmpy Block (No Transactions)Cointelegraph has written At block height 776,339, nodes across the network verified a completely empty block. The block was added to the Bitcoin blockchain with zero included transactions. Article here https://lnkd.in/dtuh-47P â How many times have empty blocks been mined in Bitcoin Blockchain?â Miners were lucky to get rewarded with #btc𼰠Donald Trump NFTs Soar After Super Bowl Clash with Rihanna CoinGecko tweeted that the floor price of #Trump Digital Trading Cards has hit a new all-time high of 0.675 ETH (~$1018) DailyCoin article states Trump Digital Trading Cards are making NFTs great again as the top trending NFT collection on Polygon (MATIC), also setting a new all-time high in NFT floor price. https://lnkd.in/dnFXNWpxâ¤ď¸ Two UAE News: (See slides)đ Central Bank of The UAE launches a Financial Infrastructure Transformation Programme to accelerate the digital transformation of the financial services sector.đ Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 03rd March event by Blockchain DXB. Registration via Eventbrite here https://lnkd.in/dpbKCYRqFor slides click here: https://tinyurl.com/4us6uuv2LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse
13th Feb: Crypto & Coffee â at 8đ¨ Staking As A Service! đĽInternational Monetary Fund report on El Salvadorâs Bitcoin Adoption. đ LocalBitcoins shutdowns after a decade! Bitcoin mining difficulty is down.â Staking As A Service banned â Gary Sensler put an excellent explainer video via Twitter https://lnkd.in/ddpq_u9m. It clearly discusses U.S. Securities and Exchange Commission charged Kraken Digital Asset Exchange for the unregistered offer & sale of securities thru its staking-as-a-service program. . Krakenâs two entities have decided to pay $30 million in disgorgement, prejudgment interest, and civil penalties.đ The explanation provided in the video does a good job in explaining the spelling difference between âStakingâ and âSteakingâ & provides a valid reason for banning âStaking As A Serviceâ in the USA. Official article here https://lnkd.in/dWD9stZn Info about PAYWARD VENTURES, INC. & Payward Trading in the article toođĽ Bitcoin as a Legal Tender in El SalvadorInternational Monetary Fund report discusses the risks associated with bitcoin, the slow pace of its adoption, and adverse economic shocks. Report here https://lnkd.in/dQDara6D It suggests that Strong governance, fiscal transparency, and accountability are critical to improving resource management, lower borrowing costs, and building trust.â Is this a cautionary tale for other countries looking to adopt cryptocurrencies as legal tender?â Does CBDC offer a better form of money than Cash & Bitcoin?⥠Finland-based P2P Bitcoin exchange has announced the timeline for the closure of its Bitcoin trading services. https://lnkd.in/daP-tPyVđťCoinDesk has reported that In December, early bitcoin pioneer and Libertarian activist Ian Freeman went to trial on allegations ofbeing a ringleader in a bitcoin-selling business that used LocalBitcoins. https://lnkd.in/dHrAbbzbđ Bitcoin.com has reported that Bitcoin difficulty has dropped 0.49% lower; The top five mining pools continue to command the majority of global hashrate. Article https://lnkd.in/dXwg3sZj states- Bitcoinâs hashrate is coasting along at 289.14exahash per second (EH/s) after a 0.49% decrease in difficulty atblock height 776,160.- The network difficulty has been operating atapproximately 39,350,942,467,772 hashes for the past 2,016 blocks, or twoweeks.- With the recent 0.49% decrease in difficulty, the networkâsdifficulty will now be set at 39.16 trillion hashes for the next twoweeks. đ Superbowl! No Crypto Super Bowl AdsThere will be no crypto commercialsduring this yearâs National Football League (NFL) Super Bowl. How long will crypto winter last?đ¨ Two UAE news: (See slides)⥠Christieâs Middle East will host its inaugural Art+Tech Summit in Dubai on 3rd March⥠WEMIX opens Abu Dhabi office to spearhead growth in the fast-growing MENA region.đď¸ Listen to our commentary here⥠Spotify: https://spoti.fi/3y3Fapq⥠Podbean: https://bit.ly/3TqrsX1For slides click here: https://tinyurl.com/2nakxk2zTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse
10th Feb: Metaverse Everything!Is Saudi Arabia Poised to Become the Next Hot Spot for Metaverse Startups and Businesses?#LEAP2023- One Giant LeapSaudi Arabia takes a giant Leap into the Metaverse with several ground-breaking Partnership announcements. Please take a look at slides 4 & 5 below. LEAP info here https://tinyurl.com/7vhduuesMeta launches the Mena regionâs first metaverse academy in Saudi Arabia via The National News https://tinyurl.com/arjub9m5Amazon sets up an academy in Saudi Arabia to support the digital economy https://tinyurl.com/mryfzuamKPMG is launching the Center of Excellence for Metaverse via Zawya https://tinyurl.com/ykrnzhy2The Sandbox partners with Saudi Arabia for future metaverse plans & have entered into an MOU with the government of KSA via Cointelegraph here https://tinyurl.com/y5ksbb22Web3.0 Delight to debut Debut in KSA- 06th March Consultancy Middle East https://tinyurl.com/yk6tbnxkSia Partners developed a digital twin of a startup incubator in virtual reality for Saudi Arabiaâs main tourism authority https://tinyurl.com/4frnvsnyWill Saudi Arabia dominate & have a competitive advantage in the Metaverse Realm in the Near Future?The Metaverse Frontier- 2nd episode will be out later today where we discuss-Centralized vs Distributed Metaverse-Hardware in the metaverse ie Virtual Reality / -Augmented Reality & Extended Reality- Top Metaverse News of the weekThe script for the Metaverse Frontier is written 100% by chatGPT and we are using AI-enabled voice.5 Metaverse News from the worldNokia has been working on developing industrial use cases for the metaverse. Info via Twitter here https://tinyurl.com/yc793pc9 & Cointelegraph article here https://tinyurl.com/2szyanhwMawari has raised $6.5 million to enable faster 3D content delivery for digital assets for the metaverse Source via VentureBeat here https://tinyurl.com/bde34euvAccenture is investing in the metaverse. They announced a strategic investment in the growing hologram company Looking Glass Factory https://tinyurl.com/2kndfa8xMeta seeking to draw in more teen and young-adult users The Wall Street Journal https://tinyurl.com/yxpkaabxSamsung Electronics is preparing Its own Metaverse Hardware in partnership with Google and Qualcomm via Bitcoin.com https://tinyurl.com/mrxbu8xj5 Metaverse News from DubaiVirtual Assets Regulatory Authority issues specialised regulations for virtual assets. Info here https://tinyurl.com/2p8aup6zTMRW conference taking place at Dubai Festival City between February 8th till 10th 2023 Metaverse related info here https://tmrwconf.net/Executive Council of Dubai is launching innovative projects and events, such as the Dubai Future Forum, Dubai Metaverse Forum, Dubai Future Academy and the âOne Million Arab Coders initiative. More info via The General Secretariat Of The Executive CouncilâââGovernment of Dubai https://tinyurl.com/2wnaf9dwThe Metaverse Frontier podcast by Blockchain DXB 2nd Episode out later today. See slide 6. Podcast via Spotify here https://tinyurl.com/mrymspfvIntegrate Middle East event date announced 16th May, themes include Metaverse. Source via Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠https://tinyurl.com/3jmp6242Global Crypto Market is down! Are you feeling the crypto blues Check out our podcast as we examine the recent drop in the global crypto market and the impact it has had on Metaverse platforms.For slides click here:https://tinyurl.com/2wpzb3skLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #btc #dubai #Saudi
09th Feb: Crypto & Coffee at 8 đď¸đ¨NFTs on Bitcoin Blockchain: Good vs Bad đĽ Oldest exchange faces SEC probe!đ To learn more about NFTs on Bitcoin blockchain & Ordinal project an open-source project from Bitcoin developer Casey Rodarmor see this article by Bitcoin Magazine here https://lnkd.in/dCvsskMW It looks has an objective look at the technical concerns behind Ordinals and the implications on the Bitcoin network.đ Recently Bitcoin NFTs have exploded in popularity. A recent survey by BitMEX research shows interest has skyrocketed following the first Ordinals transaction on Dec. 14. As of today over 13,000 Ordinals NFTs on the Bitcoin blockchain, evidence that buzz about a still-young flavour of non-fungible tokens is growing fast. Details here https://lnkd.in/dFeH3qMvBankless podcast discusses NFTs Attacking Bitcoin? with Casey Rodarmor & Eric Wall https://lnkd.in/dpVWpXNjâ Should the Bitcoin network be used for NFT?đđť Ordinals opened Pandoraâs box of threats to the Bitcoin network, including malware attacks and skyrocketing transaction fees. It has also caused Bitcoin transfer fees to increase by 122% Bitcoin.com article here states The rise in on-chain fees coincides with the new Ordinals digital collectable trend on the network, with the number of inscriptions nearing 20,000. https://lnkd.in/drBMHpQtâ Bloomberg has reported Kraken Digital Asset Exchange is facing U.S. Securities and Exchange Commission probe over Unregistered Securities. The article also states that Kraken settlement with SEC could arrive in the coming day. https://lnkd.in/d3nyz6_g It is not clear which tokens or offerings are drawing scrutiny thoughâ Brave Software announced via Twitter that Solana Dapps support is now available on Brave for iOS and Android! the tweet also states In addition to storing, sending, and buying #SPL tokens in the wallet, Brave software users to seamlessly access top Solana dApps such as Magic Eden, Orca, Jupiter Exchange, and others to perform DeFi and NFT-related transactions on both the mobile and web versions of the browser. Tweet her https://lnkd.in/dy7VYNmRđą DailyCoin has reported that Dubai bans privacy cryptocurrencies with new Regulations. Article here https://lnkd.in/d8fzBZav. The same can be confirmed by Virtual Assets Regulatory Authority guidelines on page 9 C (Prohibited Virtual Asset) which states The issuance of Anonymity-Enhanced Cryptocurrencies and all VA Activity[ies] related to them are prohibited in the Emirate. Official document can be downloaded here https://lnkd.in/d75pcSerđ¨ Two UAE News (See slides)⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXBâRegistration link Eventbrite here https://lnkd.in/du7z_Y3e⥠PESTLER analysis on Bitcoin (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB.âRegistration via Eventbrite here https://lnkd.in/dPy8PGEZFor slides click here: https://tinyurl.com/de8auer5For LinkedIn Profile: https://tinyurl.com/5n8423y7LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:â Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #blockchaindxb #metaverse #blockchaindxb #metaverse
08th Feb: Crypto & Coffee at 8 đď¸đ¨ Ray Dalio: âCash was Trashâ but now âCash is Relatively Attractiveâ đ´ Binance to airdrop $100 USD in BNB to users in Turkeyđ Legendary Bridgewater Associates founder Ray Dalio in an interview with CNBC stated âcrash was trashâ but now âcash is relatively attractiveâ Transcripts here https://lnkd.in/dk99RTCS- Bitcoin is not going to be an effective money.- Itâs not an effective store hold of wealth.- Itâs not an effective medium of exchange.đ´ Binance to airdrop $100 USD in BNB to users in Turkey Earthquake Regions. approximately $5m USD (94m TRY). Info here https://lnkd.in/difK4muH This news is great and in the near future can Central Bank Digital Currencies (CBDC) also issue Airdrops to people in need. Brilliant use case but are these coins created out of thin air?𼜠Digital Currency Group sells shares in Grayscale Investments crypto trusts at a steep discount to raise funds for Genesis creditors. This is according to U.S. Securities and Exchange Commission filings seen by the Financial Times. Article here https://lnkd.in/d9VMQpZb⥠DCG has sold its shares at a deep discount: About $8 per share, despite each shareâs claim to $16 of ether.⥠DCGâs share selling has focused on the Ethereum fund, where the conglomerate has sold about a quarter of its stock to raise around $22 million. đĽ DailyCoin has mentioned an excellent point, the fact that DCG, a parent to Grayscale, is one of the holders of GBTC shares has been a potential reason why the SEC has been reluctant to approve Grayscaleâs Bitcoin ETF. Article here https://lnkd.in/dzgNgcsy â What kind of impact will this have on the cryptocurrency market? đŻ Michael Sonnenshein, CEO of Grayscale Investments has an excellent interview with Laura Shin on the Unchained Podcast on the 27th of Jan, they also discuss Gemini liquidating 31 million shares of GBTC, what Grayscale will do if it loses its case against the SEC & quite a lot more. Interview on YouTube here https://lnkd.in/dqeef5quđş NFT newsCryptoPunks, Bored Ape Yacht Club sell for over $1M each as NFT market rebounds. Both sales came from prominent collectors and creators in the NFT world, and they also mark the two largest single NFT sales tracked by CryptoSlam Inc over the past 30 days. Decrypt article here https://lnkd.in/dczXtZrb reported that The NFT market is gaining steam again in 2023, as rising sales and trading volume data showed in January.đ° CryptoPunk #5066 was sold on Monday for 857 ETH, or $1.4 million worth at the timeđ° Bored Ape #7090 was sold for 800 ETH today, or $1.3 million. Ranked the 62nd rarest NFT in the 10,000-piece collection by Rarity Toolsđ¨ Two UAE news ( See slides)⥠Dubaiâs VARA issues specialized regulations for virtual assets. Virtual Assets Regulatory Authority Info here https://lnkd.in/d75pcSer⥠The Metaverse Frontier Podcastâââ2nd episode, written entirely by chatGPT & AI-enabled voice.For slides click here https://tinyurl.com/rwmbfr7aFor LinkedIn Profile: https://tinyurl.com/5n8423y7LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #blockchaindxb #metaverse
07th Feb: Crypto & Coffee at 8 đď¸đđť Binance is temporarily suspending U.S. dollar bank transfers. đĽBitcoin Mining industry update! đĽ Binance is temporarily suspending U.S. dollar bank transfers starting on Wednesday, the company confirmed to CoinDesk on Monday. Strangely, Binance USA is not affected by this. Details on this news are here https://lnkd.in/d7AE52Kh Binance US customers can continue to safely and securely withdraw and deposit USD on our platform. Also confirmed by the Twitter account of Binance.US Support here https://lnkd.in/dVTRm5Qg â As per Decrypt Binance, only has 0.01% of its traders make use of USD bank transfers. Article here https://lnkd.in/d6gBUqEm đ Glassnode weekly insights discuss an explosive month of volatile price action, Bitcoin is consolidating above the on-chain cost-basis of several cohorts. And this puts the average BTC holder into a regime of unrealized profit and demonstrates a potential turning of the macro market tides is underway. Technical info herehttps://lnkd.in/dy-RybT9 đ CoinShares weekly blog via Medium states that investor sentiment seems to be improving and brings year-to-date inflows to US$230m. 4th consecutive week of inflows with year-to-date inflows now at US$230m. Bitcoin led the pack with inflows totalling US$69m, representing 90% of the total flows for the week. Ethereum though saw only US$0.7m of inflows. đ¨ Does this mean bullish days are ahead?â Will inflows in Ethereum increase as the Shanghai Upgrade date gets closer? đŻ Bitcoin Mining updateđ Riot Platforms, Inc. has mentioned via its website that Riot Produces a new all-time high of 740 Bitcoin in January 2023 and Provides Infrastructure updates that can be found here https://lnkd.in/dapDjgqQ he news also states that 17,040 miners that are offline as a result of damage to Building G from the severe winter weather in late December in Texas. đ TeraWulf is the latest bitcoin miner to restructure debt and its stock dives. Seeking Alpha has reported that the miner said it is restructuring its debt obligations in an effort to steer clear of negative free cash flow. The company said it struck a deal with its existing lenders on certain debt modifications, in addition to raising around $32M of equity proceeds, which together are expected to bring WULF to positive free cash flow in the second quarter. More information here https://lnkd.in/d4jGA8UKđ´ Bitcoin.com article states that Russia Expands Its Crypto Mining Capacity (Not just Bitcoin). The capacity of Russian mining farms exceeded 500 megawatts (MW) at the end of 2022, according to results from a poll among established industry players published by the business daily Kommersant. https://lnkd.in/dt22S3Ewđ¨ Two UAE news( See slides)⥠Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 02nd, 9th & 16th March⥠Ethereum Beginners Guide Blockchain DXB 2nd March 2023For LinkedIn Profile: https://tinyurl.com/5n8423y7LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #blockchaindxb #metaverse
06th Feb: Crypto & Coffee at 8 đď¸đ¨ Uniswap Controlled by a16z? đĽ Bitcoin Mining Update! đINTERPOL to police Metaverseđ¨ Andreessen Horowitz. or A16z a whale is a venture capital fund that has deployed all 15 million of its UNI tokens to vote against the current proposal to switch from Ethereum to Binance BNB chain. Binance CEO Changpeng Zhao asked his audience of 8.1 million followers: âUniswap controlled by a16z?â It looks like a16z does own (âDistributedâ) Uniswap & it will decide on what future Uniswap versions look like. Definitely not ideal for a Distributed / Decentralized system.đď¸ Check out Blockchain DXB Crypto & Coffee at 9 podcasts, where we explore this in detail! Stablecoins still dominate the crypto market! Are stablecoins a safe haven? The volume is ridiculously low and it still accounts for 88% of the crypto market volume. See slides 1 & 2 where we explore #Defi, Market cap, 24hr trading volume and a lot more. Metaverse protocols are not looking good which is strange as they were the top gainers in the month of Jan.đŻ Bitcoin Mining UpdateđĽ Marathon Digital Holdings recorded 687 bitcoin production in January 2023, up 45% from 475 bitcoin produced in December 2022. The average bitcoin produced per day was 22.1 in January 2023 vs. 14.9 in December 2022. The company still expects to have approximately 23 EH/s of capacity installed near the middle of 2023. More info via Seeking Alpha here https://lnkd.in/dzvfzPNqđ 30th Jan Decrypt had reported that the mining difficulty hit a new all-time high & the bitcoin mining just got a bit harder as the networkâs difficulty jumped another 4.68% on Sunday. Article here https://lnkd.in/djfPEvQZđ Two days ago Bitcoin.com posted that the next Bitcoin mining difficulty change is estimated to decrease as Block Times have lengthened, article here https://lnkd.in/d-ybJ65Pđ´ South Koreaâs Financial Services Commission (FSC) is providing guidance on security tokens. Digital assets that fit the descriptions for security tokens will be regulated under the countryâs Capital Markets Act. Press release here https://lnkd.in/dzZeTyPHâ Cointelegraph article states Cryptocurrencies that fit the descriptions of security tokens will be regulated under the countryâs capital markets law. Meanwhile, digital assets that do not fit the characteristics of securities will be governed by other upcoming regulations. Article here https://lnkd.in/dUthzY4bđş Extreme Left-leaning BBC News has published an article on Interpol working out how to police the metaverse. Interpol secretary general Jurgen Stock says the global police agency is investigating how the organisation could police crime in the metaverse. Interesting article here https://lnkd.in/dBbbcdiMđ¨ Two UAE news: (See slides)⥠Kraken Digital Asset Exchange shuts down Abu Dhabi office, suspends support for AED (Is UAE turning into a Red Ocean)⥠Dubai ranked 2nd most crypto-ready city in the worldFor slides click here: https://tinyurl.com/7kwcdkt5LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
03rd Feb: Metaverse Everything Podcast đď¸đĽ Dubai Accelerates its Metaverse Ambitions with the Launch of DIFCâs Metaverse Platform. For a more in-depth examination of this topic, we invite you to listen to the Blockchain DXB âMetaverse Everythingâ podcast.â Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1 đ MarketSince the announcement of Inflation by the Federal Reserve Board on 12th Jan. Cryptocurrencies that are linked to Metaverse have increased substantially. Decentraland has been up by over 150% & The Sandbox is up by over 90%. Since the interest rate hike on 1st Feb, the prices have gone down. (See slide 2) â Is Dubai still a Blue Ocean for Metaverse?At Blockchain DXB, we present our assessment of the potential of Dubai as a Blue Ocean market for the Metaverse industry, as detailed on slide 3 of our presentation. đď¸ The âMetaverse Frontierâ is a new instalment authored exclusively by OpenAIâs ChatGPT, and it will feature an AI-powered voice implemented through Descript.đ¨ 5 Metaverse News from around the world⥠OKX, has announced the launch of its soccer-focused metaverse experience, called the âOkx Collective.â Official news here https://lnkd.in/d7P5P8Rj Manchester City Football Club⥠Suzhou, a city of 12 million people in Chinaâs Jiangsu Province, released a plan on 1st Feb to become a hub for the metaverse. https://lnkd.in/dwGazFBd⥠National Football League (NFL) reveals their first super bowl metaverse concert in Roblox https://lnkd.in/dFHe3yCx⥠Meta Platforms (META) continued to lose massive amounts of money in its fledgling Facebook Reality Labs (FRL) division Source CNBC https://lnkd.in/djdzUgn9⥠India is going all out to upskill employees for the metaverse. Genpact, Flipkart, MG Motor, Ascendion, and Synechron, among others, are upskilling employees to work on metaverse-related Source The Economic Times https://lnkd.in/dQJYxT99đ¨ 5 Metaverse news from Dubai & UAE⥠DIFC launched the Metaverse Platform. Official news here https://lnkd.in/dqnYkDVp⥠Sensorium Galaxyâs most anticipated metaverse set to launch Source Zawya https://lnkd.in/dKC84bnQ⥠At Arab Health 2023 by Informa Markets Ministry of Health and PreventionâââUAE, DoH, & Dubai Health Authority entities unveil 3D Digital Metaverse Assessment Service for Health Professionals &Innovative Thermal Imaging Technology. Source https://lnkd.in/di9he7HU⥠The Metaverse Frontier podcast launched with content written entirely by chatGPT and the voice is AI-generated. Podcast via Spotify here https://lnkd.in/dKesaU5q⥠Department of Health Abu Dhabi is the latest to join the rising metaverse sector, with the launch of the Abu Dhabi Life Science Hub in the virtual world. Source https://lnkd.in/dRBgcK7HFor slides click here https://tinyurl.com/3w4xnyh9LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation đ¨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3tdâĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
02nd Feb: Crypto & Coffee at 8 đď¸đ¨ Federal Reserve Board increases the interest rate by 25bps đş Crypto market is up by $400B! (See slides 1 & 2 below)đ´The crypto market looks đ We strongly recommend watching Jerome Powelleâs via YouTube here https://lnkd.in/drUTMG6r. Mainstream media often puts on incorrect messages vastly different from what the Fed chair has saidđ Seeking Alpha has stated that #BTC, and #ETH pop as traders cheer Powellâs disinflation comments. According to the article, #BTC changed hands at $23.44K as of 3:30 p.m. ET, rising 1.5% so far in the session, and ether #ETH climbed 2.6% to $1.62K. The currently bullish price action coincided with risk-on sentiment towards the stock market, with the Dow Jones up 0.1%, S&P 500 +1.0% and Nasdaq +1.9%.. Itâs going to be interesting to see the price 4 -5 hours after mainstream media picks up news regarding the interest rate hike. Article here https://lnkd.in/dNfZzDaAđĽ Reuters has reported Lebanon devalues the official exchange rate by 90%. 1st time in 25 years https://lnkd.in/dt4qws2k Dr. Saifedean Ammous has an excellent video âLate Stage Fiat Adventures: Lebanon a must watch here https://lnkd.in/d_a9W_Qy The National News states that this move costs banks about $8bn https://lnkd.in/dzuB4tY2â Should the banks start to keep Bitcoin on the balance sheet?đ Update regarding Meta!đş Meta gets court win in metaverse acquisition plans Bloomberg has reported that Meta Wins court nod to buy Virtual Reality startup Within Unlimited, Inc. More info here https://lnkd.in/dXcdQtm7 Could this mean monopoly & Centralization in the Metaverse? đşThe holiday season has been great for Meta as their sales beat expectations & share prices have gone up. Another article here reported better-than-expected sales during the holiday quarter, fuelled by strong demand for advertising as it attracted more users to its Facebook social network. https://lnkd.in/dwyAam3Vđť However, a contradicting view is published by CoinDesk that states Facebookâs Parent Metaâs Metaverse Division Lost $13.7B in 2022 The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million. Article here https://lnkd.in/dSXdGf6k & official filings here https://lnkd.in/diNU78XX đ¨ The Office of Foreign Assets Control of the U.S. Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals.. Russia-related Designations; Counter Narcotics Designation Update can be found here https://lnkd.in/dSTyk_sK đŻ For Validators of Proof of stake protocols, itâs an absolute must to make sure these are not updated in the Block of transactions!đ¨ Two UAE (See sides)⥠Abu Dhabi University and 5ire collaborate to advance blockchain education and research⥠SOLDAIT launches payment gateway in UAEFor slides click here: https://tinyurl.com/23dkvyerLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
01st Feb : Crypto & Coffee at 8đ Nostr: Twitter Killer? goes Live! đĽ Lightning Network NOT Blockchain đ Metaverse tokens outperformed Bitcoin in Jan!đşDecentralandâs MANA has surged 152% for Jan, while The Sandboxâs SAND is up over 90%. CoinDesk article here has detailed information about it here https://tinyurl.com/mvvfja đ Nostr: Twitter Killer? goes Live!Nostr, an open protocol that promises to substitute centrally- controlled social networks such as Twitter, is now live on the Apple App Store with Damus (The social network you control). The Censorship king & Former CEO of Twitter mentioned via a tweet https://lnkd.in/d5Hdgpn9 Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we explain this and compare it to Bitcoin.â Nostr is a protocol for transmitting notes and other information through relays. It uses asymmetric cryptography, with users having public and private keys. The public key is the userâs ID and the private key is their password. Messages can be encrypted and decrypted with public and private keys, similar to Bitcoin transactions. Nostr is still in its infancy, with a smaller user base and less established history compared to Bitcoin. It is an open, censorship-resistant, and permissionless communication protocol. Nostrâs recent listing on the App Store has expanded its reach to a larger audience.đ Lightning Network NOT BlockchainStrike launches instant cheaper remittances for the Philippines using Bitcoin Lightning Network. This will allow for fast, secure and low-cost money transfers between the U.S. and the Philippines, which is one of the worldâs largest remittance markets. Bitcoin Magazine news article states Strike has partnered with Pouch.ph to enable transfers from U.S. dollars to Philippine pesos, which can be received in a bank or mobile money account in the Philippines. https://lnkd.in/dKFYdnzyâ People from UAE can send remittances to the Philippines instantly at $0 fees as well. Why use Strike when current existing systems do a similar job?đş Dogecoin climbed to an eight-week high on Jan. 31 . Reason being Musk tweeted back on January 25 last year about how he will eat a McDonaldâs happy meal if the fast food company accepts Dogecoin as a mode of payment. NEWSBTC has reported that If McDonaldâs ever implements DOGE as a mode of payment, the coin would have access to 40,031 restaurants while simultaneously adding a big name to the already large number of merchants that accept the coin as payment method. https://lnkd.in/ddisG-zs đ¨Two UAE News: (See slides for more info)⥠Bloomingdaleâs Middle East collaborates With Non-Fungible Clothing To Drop An Ultra Rare Web3 Fashion Collection (Dubai)⥠Dubai A Red Ocean for cryptocurrency, blockchain, and the metaverse. Thoughts by Blockchain DXBFor slides click here: https://tinyurl.com/29fcec4aLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
31st Jan: Crypto & Coffee at 8 đď¸đĽ Crucial week for Crypto! đ¨Will Jerome Powellâs decision to increase the interest rate determine the price of Bitcoin & crypto? đ Forbes has an interesting article Crypto Braced For A $250 Billion Bitcoin And Ethereum Price Earthquake. The article discusses 25 basis points and this is what the market has priced in. Interesting read here https://lnkd.in/dZ7Cc_Mdđ´ Nauman Sheikh, head of treasury at crypto asset management firm Wave Financial, told CoinDesk that Powell will be more hawkish and re-tighten financial conditions. For that reason, we could see a healthy short-term correction in crypto and all risk assets, Chris Weston, head of research at Pepperstone also has some interesting points here https://lnkd.in/dhHMQkjB. đ The global crypto market may have pumped due to inflation numbers released but the job crypto job sector is still facing winter. 𼜠Cointelegraph summarized a report https://lnkd.in/dZNCM6v5 that states Crypto firms cut nearly 3,000 jobs in January despite Bitcoinâs rise This month 14 firms announced staff reductions, including Coinbase, Gemini, Digital Currency Group, ConsenSys & Blockchain.com. Prime Trust has laid off one-third of its staff đ Market info:â Glassnodeâs weekly insights state Bitcoin markets have seen the strongest monthly price performance since Oct-2021, fuelled by both historic spot demand, & a sequence of short squeezes. The insight here https://lnkd.in/d-2MJa-t explore the dynamics taking place in both derivatives markets and the spot exchanges. â CoinShares weekly blog via Medium âDigital Asset Fund Flows Weekly Reportâ saw Inflows of US$117m last week, & Bitcoin was the investor favourite (US$116m inflows last week) Detailed informationhere https://lnkd.in/dTdakdYFâ How will this change this week once the Federal Reserve Board chair goes live tomorrow to discuss the interest rate hike? â Celsius was a Ponzi scheme?CoinDesk has reported that Celsius used new customer funds to pay for withdrawals. The article states Celsius misled its investorsâââand on occasion used new customer funds to pay for other customersâ withdrawals, the usual definition of a Ponzi scheme, an independent examiner for the New York bankruptcy court said in a Tuesday filing. Article here https://lnkd.in/dUKnHBGY & official filings here https://lnkd.in/d4cAMz-v â˝ Cointelegraph has reported that Blockchain-powered fantasysports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Premier League digital cards will be available for initial purchase on Sorare before being available for trading on compatible marketplaces like OpenSea. đ¨ Two UAE news: ( See slides)⥠DIFC Metaverse Platform launched to promote Dubai as a global metaverse leader⥠The Metaverse Frontier â Metaverse podcast written by chatGPT & AI-enabled voice by Blockchain DXBFor slides click here: https://tinyurl.com/33x5rvnnLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
30th Jan: Crypto & Coffee â at 8đ¨ The White House House Publishes âRoadmapâ to Mitigate Cryptocurrency Risks. â Fear and Greed Index flashes âGreedâ â đŤ At the White House, the Biden Administration outlines a plan to mitigate the risks of cryptocurrencies and calls for Congressional Action The report here https://lnkd.in/dPRmVqsD lays down the framework.â Do you think it is essential for Congress to step up its efforts in regulating cryptocurrencies? Why or why not?đ South Korea though has a different route, The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities. âVirtual Currency Tracking Systemâ will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after emittance, according to a local media outlet called âKH Gamesâ, article here https://lnkd.in/dUc3ip3Hđ´ Macro Impactâ The next FOMC meeting is scheduled to take place on the 1st of Feb, It would be interesting to see Federal Reserve Board chair Jerome Powellâs decision and what kind of an impact it would have in the Bitcoin & Cryptocurrency world.â Bitcoin.com article by a market strategist warns of âBloodâ on 1st Feb ahead of the Fed meeting. An interesting point is that Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader tightening policy. In three days, on Feb. 1, 2023. Article here https://lnkd.in/dgfx2x3wâ CoinDesk article has interesting point by Edward Moya, the senior market analyst at foreign exchange OANDA, & Joel Kruger, markets strategist at crypto exchange LMAX Digital here https://lnkd.in/dg8_s_URđ What are your thoughts? How will the market react after Jerome Powellâs announcement??đŁď¸ Security Exchange Commission chair Gary Gensler offered sound advice via Twitter space on ways to tell if the crypto project is a scam. He did this n relation to âFinancial readiness for 2023â We strongly recommend listening to the entire thing. It is also available via YouTube here https://lnkd.in/dE8MXVneâĄđ Bitcoinâs Fear and Greed Index flashes âGreedâ for the first time in 10 months DailyCoin explains that investors are becoming more bullish on Bitcoin and willing to take bigger risks in the near future. https://lnkd.in/dqy9kaU2đ¨ Two UAE news (See slides)⥠Arab Health 2023: A Record number of countries to take part. (Metaverse-related info) Informa Markets⥠Marathon Digital Holdings Digital Forms Joint Venture In Abu Dhabi Announcing Mining Sites 250 MWFor slides click here: https://tinyurl.com/5n6r7khsLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
26th Jan: Crypto & Coffee â at 8đAptos $APT rallies 136.10% in 7 daysđ đ Binance BUSD mismanagement đđťTesla did not buy/sell #btcđ Aptos price snowballs 143% as On-Chain Development shoots up. According to CoinDesk data. The token, APT, hit new record highs and is up 427% since Jan. 1 NEWSBTC has a good summary of whatâs happening here https://lnkd.in/dFuqfSYG. Check out our podcast Linke below we explain some of the basics of Aptos.⥠Spotify: https://spoti.fi/3y3Fapq⥠Podbean: https://bit.ly/3TqrsX1đ Could this rally continue or are we ready for a dump?â Binance token Mismanagement!CoinDesk article states Binance BUSD Stablecoin Sees $2B reduction in a month amid token mismanagement. BUSDâs circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko. Article here https://lnkd.in/drX6aPqV See slide 2 below we at Blockchain DXB have been tracking this on a daily basisâ Are stablecoins turning out to be safe havens?â Do stable coins follow the principles of Open Blockchain?â How will CBDC impact stablecoins?đ Tesla held onto its Bitcoin in Q4 despite market turbulence. Teslaâs financials show it neither bought nor sold any of its Bitcoin for the second quarter in a row. Cointelegraph reports that Tesla continued to hold its estimated 9,720 Bitcoin, only losing $34 million on its investment due to price declines towards the end of 2022. Article here https://lnkd.in/dWCEXPaK . Official earnings report here https://lnkd.in/dSNyDxCbđ Republican State Senator Wendy Rogers has introduced a set of bills aimed at making bitcoin legal tender in Arizona and allowing state agencies to accept bitcoin. Bitcoin Magazine article here https://lnkd.in/djWNRMDG states this would allow individuals to pay for debts, taxes and other financial obligations. This would mean that all transactions that are currently done in U.S. dollars could potentially be done with bitcoin. Official bill here https://lnkd.in/dc7mMNjE đ¨ While the move might seem great but we have a few questions- What happens when there is a fork?- How has making bitcoin a legal tender benefitted El Salvador?- Should the growth of Bitcoin be organic?âď¸ .SWOOSH Studio: #YourForce1 challengeNike has a campaign: CREATE WITH US. It gives users the ability to collaborate directly with.SWOOSH and get rewarded for your creations. Story on Instagram Details on how to apply & what to create is here https://lnkd.in/dmzxfvqs . The winners will each take home $5K and will then be invited to collaborate directly with Nike designers to build a 1:1 new virtual creation inspired by their work.đ¨ Two UAE news ( See slides)âĄCrypto Options Exchange Deribit Plans Move to Dubai- Via Cointelegraph⥠Emirates Free Zones Investment Services signed a partnership agreement with BinanceFor slides click here: https://tinyurl.com/2p82acsrLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
25th Jan: Crypto & Coffee â at 8⥠Genesis đ Bitcoin Jesus! đąEthereum Smart Contracts Falls 60% in 2023 đ¨ BlockFi uncensored financials reportedly show $1.2B FTX exposuređ Darma:âĄGenesis has sued Roger Ver for $20M over unsettled crypto options trades. Genesis Global Capital a part of the bankrupt crypto lender,filed the suit against Ver in the New York State Supreme Court on Jan. 23, claiming that the BCH proponent has failed to settle crypto options transactions that expired back on Dec. 30. More info via Cointelegraph here https://lnkd.in/dxb4PP3Gđť Ethereum Smart Contracts đťThe number of new smart contracts deployed over the past few weeks, since the beginning of 2023, has fallen by more than half. The number of new smart contracts deployed on January 1, 2023, stood at 139,699. NEWSBTC article https://lnkd.in/dv6xBkHu has detailed information.â Is there a correlation between the number of contracts deployed and the price?đ§ž The article here states https://lnkd.in/dXR5nCvV 80% Of Uniswap holders support BNB PoS Chain For Deploying V3 Protocol A. The votes can be seen via Twitter here https://lnkd.in/dxxceUqmđ´ Yahoo Finance report states Binance processed $346M of Bitcoin trades for Crypto Exchange Bitzlato & The Justice Department on Jan. 18 said it charged Bitzlatoâs co-founder and majority shareholder Anatoly Legkodymov, a Russian national living in China, with operating an unlicensed money exchange business that âfueled a high-tech axis of crypto crimeâ by processing $700 million in illicit funds. https://lnkd.in/dPW9uh2V đ Was this the FUD Changpeng Zhao tweeted earlier in the month?đĽ Binance moved over 20,000 bitcoin, worth $345.8 million at the time they were transacted, across some 205,000 transactions for Bitzlato between May 2018 and its closure last week, according to a review of previously unreported data. The figures were compiled by leading U.S. blockchain researcher Chainalysis Inc. and seen by Reuters.đĽ Bitcoin worth about $175 million was transferred to Binance from Bitzlato in that period, making Binance its largest receiving counterparty. Article here https://lnkd.in/d4nj2HGsđ CNBC posted that BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Friedâs crypto empire FTX. Based on the article looks like financial documents were mistakenly uploaded from the bankrupt crypto firm BlockFi. It shows a $1.2 billion relationship with FTX and Alameda Research. Based on the article here five employees still with the company make an average of $822,834, Looks like BlockFiâs retention âplans are larger than comparable crypto cases.âđ¨ Two UAE news (See slides for more info)⥠MEmob+ announces new exclusive partnership with Artifact Labs⥠Government of SharjahâââDepartment of eGovernment honours partners for the first time in the world with an NFT PlaqueFor slides click here: https://tinyurl.com/yc34ba99LinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
24th Jan: Crypto & Coffee â at 8 podcast đď¸đ¨ 2023 the year of Defiâ đą Cardano Blockchain experienced an outage! Dogecoin to the đ?đ´ Venture Capital Firm Pantera Capitalâs 2023 Crypto Forecast says the Future Is DeFi. Three reasons why it could be the future as per Dan Morehead are- Transaction fees- Liquidity- Usability.đ§ž Details in the article here https://lnkd.in/dUpCbRFi via CoinDesk some interesting points by co-Chief Investment Officer Joey Krug in here too.đŠ He has also written Blockchain Letter to their investors worth reading here https://lnkd.in/dy2uut2t & mentioned âEven if you go back 250 years, you canât find a worse year than 2022.â Paul Veradittakit of Pantera Capital believes that now could be a good time for new entrepreneurs to enter the crypto space. âIn our experience, bear markets typically represent a time where there is less noise and distraction from building.âđą 2022- TVL across Defi took a beating from $402B (ATH) on 03rd Jan last year & down to $47.51 as of 24th Jan (today) The daily volume is ridiculously low but it would be a game changer for the industry if Defi picks pace: See slide 2 below where we Blockchain DXB have been tracking and analysis this daily in our Crypto & Coffee at 8 podcasts.â In the future could we use Fiat Currencies & CBDC for Defi?â What role will Defi play in the Metaverse?đ Dogecoin to the moon? via NEWSBTC150,000,000 $DOGE ($13,263,900 USD) was transferred from a #Top20 wallet to an unknown wallet. with a Fee: of 1.33 ($0.12 USD) Details can be found here https://lnkd.in/dnARNW6k The power of publicly verifiable. More detailed information in the Article here https://lnkd.in/d3p-S4MTđđť Cardano: Block 8300569â8300570 A brief period of degradation:⥠On Sunday, January 22nd, the Cardano blockchain experienced an anomaly in which approximately 50% of all active relay and block-producing nodes disconnected for a short period before they automatically restarted. Detailed technical information is available of the incident via GitHub here https://lnkd.in/dmDHkmbM đĽ, Unlike Solana Blockchain, The network did not go down, and no ânetwork restart was required.â đ Glassnode weekly insights âAn Opportunity, or a Trap? discusses the increased motivation for holders and miners to take exit liquidity, especially after the prolonged and painful bear of 2022. Detailed info here https://lnkd.in/dv_2tjiPđ CoinShares weekly report via Medium discussed key details from US, Europe & Asia here https://lnkd.in/d9j9ugFd- US$37m inflows last week, although this was predominantly into short investment products (68%)- Inflows were seen in Europe, most notably Germany and Switzerland with US$14m and US$10m respectively.- Hong Kong saw outflows- 95% of the inflows into the US were into short-Bitcoin products.đď¸ Check out Crypto & Coffee at 8 to get our commentary on this Two UAE news (See slides for two events by Blockchain DXB)#blockchaindxbFor slides click here: https://tinyurl.com/287s8na4LinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc #dogecointothemoon #metaverse #btc
23rd JanđAxie Infinity to the moon! đNFT Market Sales 43.48%. đĽśGenesis filed for Chapter 11 bankruptcy protection on 19th Jan listing debts of roughly $3.5 billion.â What could this mean for the crypto industry?đş Axie Infinity is up by 45.22% in the last 24 hrs & 40.77% in the last 7 days. Check Blockchain DXB âs Crypto & Coffee at 8 podcasts where we discuss The GLobal crypto market, Defi, Dapps, Stablecoins + two crypto/blockchain news from UAEđ Bitcoin.com has reported that in the third week of January NFTs saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69 million in NFT sales were recorded over the last seven days, with $206.06 million being Ethereum-based NFTs. Article here https://lnkd.in/di6FqzMv states a total of 320,580 buyers participated in the market activity, a 43.48% increase from the prior week.đ In UAE Khaleej Times feels UAE NFT industry is expected to grow by over 45% every year as Consumers are buying into experiences, and companies are tapping this potential. Arshad Zaheer, the Senior Partner at YAAP, told Khaleej Times in an interview has said some interesting and insightful information https://lnkd.in/dembVu9jâ What are your thoughts on NFT in 2023?Volume đşVolume đťâ What is more Fungible?- Cash (paper)- Bitcoin- Moneyđ´ Genesisâ Crypto Lending Businesses File for Bankruptcy Protection- Genesis Owes Over $3.5B to Top 50 Creditors- Genesis has over 100,000 creditors among the three of its companies that declared bankruptcy- DCG is also the parent company of CoinDesk â Official filings here https://lnkd.in/dxnNZ4GHđAn article by CoinDesk highlights three crucial pieces of information- The bankruptcy filings for Genesis Global and its related entities show parent Digital Currency Group (DCG) owes its affiliates more than $1.65 billion.- The three entities that filed for bankruptcy protection are holding company Genesis Global Holdco (GGH), lender Genesis Global Capital (GGC) and Genesis Asia Pacific (GAP). đą What kind of an impact will this have on the crypto market?đľ Reuters has reported that Genesis Global Holdco said in a statement it would contemplate a potential sale or stock-related transaction, to pay creditors, and that it had $150 million in cash to support the restructuring. đš Genesisâ owner DCG said in a statement that neither DCG nor its employees, including those sitting on the Genesis board, were involved in the decision to file for bankruptcy. Info Here https://lnkd.in/dx93B55Z đŻ A reminder to read the 2nd line of Satoshi Nakamotoâs white paper⌠â but the main benefits are lost if a trusted third party is still required to prevent double-spendingâđ¨ Two UAE news: (slides )⥠AD Gaming links up with Abu Dhabi-based crypto and blockchain business AA Meta⥠NEOWIZ Holdings establishes a blockchain entity in UAEFor slides click here: https://tinyurl.com/5d563e22LinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc
Guest: Mariami Zaridze, Tbilisi Legal Advisory- Corporate & Immigration Lawyer | Offering Legal Support for Businesses & Entrepreneurs in Tbilisi GeorgiaHost: RA George, Blockchain DXB PodcastGoogle Meet: Audio version Contact details.- Mariami Zaridzeâs LinkedIn: https://tinyurl.com/259uncrp- Email: mzaridze.tla@gmail.com - Tbilisi Legal Advisory LinkedIn: https://tinyurl.com/yj8vdrew - Website: https://www.tla.ge/ - Email: info@tla.ge- Phone: +995 555 56 27 66 Summary of the conversationâ˘An in-depth conversation where we discussed what motivated her to become a lawyer.â˘Childhood dream turned into reality & her being the 1st legal firm to enter the Metaverse from Georgiaâ˘Mariami shared her initial experience of being introduced to Bitcoin and how she dismissed it initially.â˘She shared how she got reintroduced to Cryptocurrencies.â˘She also shared the steps she took to build her knowledge of cryptocurrencies.â˘She gave detailed information about Tbilisi Legal Advisoryâ˘She explained how clients are benefitted from using the Metaverse experienceâ˘Mariami explained the different services offered.â˘She mentioned the importance of having global service in Metaverse.â˘We also discussed the experience with Black Lemon a leading Metaverse platform from the MENA region.â˘Mariami explained how the legal advisory worked with Black Lemon and her role with themâ˘She explained why she chose to be in the Metaverse and how it helps clients â˘Discussed how potential clients can utilize services in the Metaverse.â˘We discussed her Avatar on the website & future companies replicating Avatars instead of profile pic.â˘She also highlighted the benefits of using consultation via Metaverse as opposed to the physical world.â˘We also discussed the potential of issuing NFT for clients & link it to utilities in the future. â˘She offered sounds advice on why clients should opt for Tbilisi Legal Advisoryâ˘She highlighted challenges currently being faced & how they are overcoming these challenges and ways how they are overcoming these obstaclesâ˘Mariami also shared her opinion on potential legal changes in the Metaverse realm.â˘We also discussed the impact of chatGPT. â˘Mariami also discussed her short-term plans for Tbilisi Legal Advisoryâ˘Mariami also expressed interest to have offices in Dubai & UAEâ˘She also shared her thoughts on the future of Metaverse in a few decades.â˘We also discussed her passion for music and her interesting choice of music.For feedback or suggestion email: info@blockchaindxb.com or info@area2071.com
20th Janđď¸Metaverse Everythingđď¸ đ¨ CBDC đ Crypto in the Metaverse. đ´ Global Collaboration Village by World Economic Forum đ ChatGPTâs role in Metaverseđ° Global Collaboration Village: The World Economic Forum is launching the prototype at the Annual Meeting 2023 in partnership with Accenture and Microsoft. The first global, purpose-driven metaverse platform. Article here https://lnkd.in/dvBbxm6ađ Are cryptocurrencies an ideal form of payment & medium of exchange in the Metaverse or Central Bank Digital currencies? See slides 3 & 4 below where we at Blockchain DXB strongly feel CBDC may offer- Better user experience (10xbetter)- Customer support/Chargebacks- Solves Blockchain Trilemma (not really), but at what cost?â Check out our standalone episode where we also explore if CBDC is Web3.0 Link here https://lnkd.in/dWPpZRgyđ˝ đ§ We asked chatGPT to highlight the impact of Metaverse in- Education- Healthcare- InsuranceđŻ See slide 6 & listen to our podcast cause even the podcast speech is written 100% by chatGPT!đ˝ đ§ Slide no 7 discusses AI Use cases for ChatGPT in the metaverse. We strongly feel An Avatar in the form of NFT can be connected to chatGPT with voice recognition capability and will be able to communicate. This will be a game changer in the Metaverse5ď¸âŁ Metaverse news from Dubai (Slide 9)⥠NĂźmi Metaverse, a global metaverse platform for innovators, leaders, and followers received a 20-million-dollar commitment from ICEBERG Capital Source: Entrepreneur India https://lnkd.in/dvuQR4zh⥠South Korean and UAE partnerships include Metaverse! Source to article here https://lnkd.in/dGUAq64H⥠Blockchain DXB new podcast series on Metaverse, written entirely by chatGPT & utilizing AI-enabled voice recognition service by Descript from February⥠Global Future Council: The UAE signed a framework agreement with World Economic Forum about the Global Future Councils, to be organised in the UAE, Dubai on October 2023. Deputy Minister of Cabinet Affairs for Strategic Affairs participated in the meeting of the Metaverse Governance Steering Committee. Source: Gulf Today Article here https://lnkd.in/dZpUrekC⥠Opinion: Lack of interest and news in Metaverse in the last few weeks in Dubai & UAE5ď¸âŁ Metaverse news from the world⥠LA-based builder KB Home opened a first-of-its-kind community in the metaverse on January 17 Source: Business Insider Deutschland https://lnkd.in/dgdD4Sdf⥠ŠKODA AUTO a.s. enters into metaverse on The Nemesis Source: Automotive World https://lnkd.in/dSMshsnB⥠BMW Group has Launched of a Supplierthon for the âMetaverse â Official press release here https://lnkd.in/d6SnuvD3⥠National University of Singapore promises to substantially enhance a userâs sense of touch Offical news https://lnkd.in/dbvpC7jJ⥠South Korea Launches Metaverse Replica of Seoul: Official news release here https://lnkd.in/dfArD9CEFor slides click here: https://tinyurl.com/5bkubymcLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Metaverse Everything podcast where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb blockchain #community #blockchaindxb #digital #management #management #blockchaindxb #blockchaindxb
19th Janđť Crypto market down đşEthereum Gas fees Upđş đĽśConsenSys slashes headcount by 11%đ¨ Crypto WinterJoseph Lubin, CEO & founder of ConsenSys mentioned via Twitter & official blog âConsenSys Focuses Its Strategy To Ensure Future Growthâ that the company would be cutting 96 of its staff to focus its resources on its core businesses. He said âpoorly behavedâ centralized finance (CeFi) actors have cast a âbroad pall on our ecosystem that we will all need to work through.â Blog here https://lnkd.in/dRa6MMSC He has also highlighted, support for impacted employees, Focusing on the business & Where they are goingđ No Crypto Winter for Binance as it enhances Local Presence & Compliance in Poland. Official Blog https://lnkd.in/dtAJNEZt The main takeaways are- Binanceâs entity in Poland fully complies with local regulatory standards for virtual asset service providers.- Polish residents registered with Binance are currently being asked to sign new Terms and Conditions with Binance Poland sp. z o.o.- The company has announced plans to ramp up local talent acquisition, events, and educational initiatives in Poland.đ Ethereum Gas fees Up đşAn article from Bitcoin.com states that as the value of Ethereum (ETH) has risen greatly over the last 14 days, the cost of sending ETH has also increased. At the time of the article, ETH was trading at $1,542 per unit and reached a high of $1,606 per unit. The article also states that the cost of layer-two (L2) transactions, such as Arbitrum and Optimism transactions, have risen as well. This may be caused by increased demand and usage on the Ethereum network which can lead to higher transaction fees. Article here https://lnkd.in/dPr6fvmNđ NEWSBTC states that Arbitrum and Optimism raked millions in profit despite the extended bear market that hammered decentralized finance (DeFi) activities and Ethereum (ETH) valuation in 2022. And as per Per on-chain data shared on Twitter, Arbitrum, and Optimism, general-purpose Ethereum layer-2 platforms, made 2,906 ETH and 2,086ETH, respectively. In USD terms, it translates to around $4.6 million and $3.3 million for each protocol. Article here https://lnkd.in/d2DPvPwp & tweet here https://lnkd.in/dVu-XvfQđ´ Technical infoâ Glassnode has shared 10 indicators for tracking a bear market recovery. Article here https://lnkd.in/dmgkAJRtâ CoinShares Digital Asset Fund Flows Weekly Report via Medium states there was a 13% rise in AuM since October 2021 but only minor inflows of US$9.2m- Minor inflows totalling US$9.2m- Trading volumes remained low at US$866m - Ethereum broke its 8-week spell of outflows with an inflow of US$5.6mđ˝ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts We are using chatGPT to make this simple to understand for our listenersđĽ Two UAE news (See slides)⥠Bitcoin Beginners Guide Session by Blockchain DXB⥠Ethereum Beginners Guide by Blockchain DXBFor slides click here: https://tinyurl.com/27zxdfptLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc
Guest: Eva Porras, Managing Director, and Lead Researcher for SmartLedgerHost: RA George đ¨ InformationEva Porras LinkedIn: https://tinyurl.com/5y73y2r6đ Book Publications by Eva Porras 1) Bubbles and Contagion in Financial Markets, Volume 2 https://tinyurl.com/5cecpyvj 2) Bubbles and Contagion in Financial Markets, Volume 1 https://tinyurl.com/y3m9nxys3) The Cost of Capital https://tinyurl.com/4skbveru đ As an EditorChapter title: Bitcoin and Ethics in a Technological Society (March 25, 2021) Authors: Eva R. Porras and Bryan Daugherty. Book title: Blockchain Potential in AI. Edited by: Tiago M. FernĂĄndez-CaramĂŠs. Published by: Intechopen.com. https://tinyurl.com/3u4ckbnw Chapter title: A prospective analysis of the advantages of crowdlending to startups (June 30, 2022) Authors: Eva R. Porras, Martin Martin, J.M. and Guaita-MartĂnez. Book title: Financing Startups (and subtitle Understanding Strategic Risks, Funding Sources, and the Impact of Emerging Technologies) Publisher: https://www.Springer.com/Chapter title: Opportunities offered by blockchain technologies to the tourist sector (June 30, 2022) Authors: Eva R. Porras, Martin Martin, J.M. and Prados-Castillo, J.F. Book title: Digitalization in Business: On the Road to a Sustainable World. Publisher : Nova Science Publishers, Inc., 415 Oser Avenue, Suite N, Hauppauge NY 11788-3619, USA, www.novapublishers.com, Email: nova.main@novapublishers.com.đ Academic Papers: blockchain- Decentralized Blockchain for Autobiographical Memory in Cognitive Robotics. Journal of AI, Computer Science and Robotics Technology (co-author SĂĄnchez-Escribano, G.) Volume 1, number 1. Published by: Intechopen.com. March 31, 2022. https://tinyurl.com/2cbm3caz- The Disruptive Effect of Technological Innovation In The Tourist Accommodation Industry. International Journal of Innovation and Technology Management (co-authors Martin Martin, J.M.; Guaita-MartĂnez, J.M. & Hamoudi, H.) Volume 18, number 6. ISSN (print): 0219-8770 | ISSN (online): 1793-6950 https://tinyurl.com/29hat8wx- Interferences Generated on The Well-Being of Local Communities By The Activity Of Online Platforms For Tourist Accommodation. Journal of Sustainable Tourism - (co-authors MartĂn-MartĂn, J.M., Prados-Castillo, J.F., JimĂŠnez Aguilera, J. de D.) December 2020. https://tinyurl.com/4c6xhc9v - Systematized Literature Review On Financial Inclusion And Exclusion In Developed Countries. International Journal of Bank Marketing - (co-authors FernĂĄndez Olit, B. and MartĂn-MartĂn, J.M.) November 2019. https://tinyurl.com/347hcud6- A Critical Analysis Of The Advantages Brought By Blockchain Technology To The Global Economy, Int. J. Intellectual Property Management, Volume 9, Issue 2 (co-authors MartĂn-MartĂn, J.M. and Guaita-MartĂnez, J.M.) June 2019. https://tinyurl.com/3czj6v23đ¨SmartLedger website: https://smartledger.solutions/ đ¨LinkedIn: https://tinyurl.com/26529xar đ Projects https://sentinelnode.online/ https://ticketmint.events/ https://ticketmint.app/Additional business areas of SmartLedgerhttps://gatekeeper.ticketmint.app/ https://proofofesg.com/ https://cannatrack.solutions/ https://truesign.live/ https://idsecure.info/ https://interchange.cash/ https://subzerowallet.com/ https://filedropz.com/ https://verifiedvotes.org/ https://streamable.fm/ https://raregeneration.com/ https://vanitysv.com/ https://vanitysender.com https://filtersv.com/ https://metameet.icu/ https://Satosender.com https://paycircles.comđľ The Team 1)Shawn Ryan Co-Founder & CEO 2)Bryan Daugherty, CCI, CBI, SME Co-Founder & Chairman 3)Gregory Ward Chief Development Officer 4)Shannon Farrar Senior Blockchain Project Manager 5)Partner in Dubai: Ginil Georgeđ´Summary:Eva Porras of SmartLedger discussed the company's unique features, role with Dubai Airport, expansion potential in Middle East/Asia, industry challenges, goals, competitive advantage, & advice for others in the blockchain space.
17th JanđĽ Binance BNB Chain Burns Over $500M in BNB Tokens! đĽ Ethereum Validator 500,000đ¨ (Less/Reduced) Supply = More DemandBNB Chain Burns Over $500M in BNB Tokens Since the introduction of BEP95, over 145,000 BNB has been burnt under this mechanism Official info via Binance blog here https://lnkd.in/d3tEE_KE⥠CoinDesk article states Over 100 million BNB or half of its total supply, is intended to be removed from circulation through a burning process and to eventually keep only 100 million BNB in circulation. Article here https://lnkd.in/dRdgTP3p provides useful information on how the burning mechanism works for Binance BNB chainâ Can Central Bank Digital Currencies use the Burning mechanism to better manage inflation?đ Georgia is ready to launch its CBDC called âLari Pilotâ in the First Half of 2023 Bitcoin.com states The National Bank of Georgia (NBG) is going to release a âdigital lariâ whitepaper Deputy Governor Papuna Lezhava explained in an interview with the Rustavi 2 TV channel. Article here https://lnkd.in/dR-4P6Brâ A cheaper, more secure & faster means of Payment! But at what cost?đ§đď¸ Check out Blockchain DXBâs episode on CBDC where we highlight this issue. Episode links below: Spotify https://lnkd.in/d5dZt3fPAnchor https://lnkd.in/dTZiw-63Apple iTunes https://lnkd.in/dzYS__Ua đŞđť Ethereum Validator count surpasses 500,000 ahead of upcoming Shanghai Hard Fork. The number of Ethereum network validators on the Beacon chain exceeded 500,000 as of Jan. 12, 2023đď¸âđ¨ď¸ Consensus Layer Meeting 101 on YouTube here uploaded on the 12th https://lnkd.in/dWFTAfDp discusses a new testing network for the Shanghai upgrade, a hard fork thatâs anticipated to happen in March 2023 Bitcoin.com article states The developerâs new testing environment is called âdevnet 2â as it follows âdevnet 1â released in Nov. 2022. The new testnet was discussed briefly during the All Core Devs (ACD) meeting held on Jan. 5, 2023. đ¨ DailyCoin has reported that The Californian cannabis nursery Mendocino Clone Company turned to blockchain technology for assistance in keeping track of plant traits, ascertaining authenticity, and marking clones with unique batch certificates. The batch certificates provide a unique identifier block for each plant, which is stored on Ethereumâs blockchain. https://lnkd.in/d5sEBrHG The article also discusses EMTRI Project in late 2022. This is claimed to be a decentralized cannabis supply chain community, dishing out crypto-related rewards for enthusiasts. We strongly feel there are limited use cases of Block + Chain technology and the information is only as good as the input.đĽ Two UAE news: (Slides written entirely by chatGPT)⥠DMCC (Dubai Multi Commodities Centre) to boost Mena regionâs $32 billion e-commerce sector⥠Cheung Kong Graduate School of Business launches first global unicorn programs with the first stop in DubaiFor slides click here: https://tinyurl.com/27zxdfptLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel: ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc
16th Janđ Crypto Market Soars to $1 Trillion! Decentraland Leads the Pack with 79% Gain in 7 Days!â Security Exchange Commission slams Digital Currency Group subsidiary Genesis and Gemini with chargesâđ Inflation and its impact on CryptoSince the Inflation (CPI numbers) were published via the Bureau of Labor Statistics the crypto market has seen an uptick.â Should crypto prices be related to Inflation numbers?đĽ Bloombergâs article states Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation has peaked. https://lnkd.in/d7qj6TWF CoinDesk a few hours ago states that Bitcoin surges on Inflation tailwinds hover Near $21K Article here https://lnkd.in/dJ7_eiya Seeking Alpha article states Bitcoin set to end week 17% higher as cooling inflation spurs risk-on sentiment https://lnkd.in/dcsP7fPkâ SEC đ Genesis đ DCG đ GeminiThe US Security Exchange Commission Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program official press release here https://lnkd.in/daVUctee The charges claim Genesis and Gemini raised billions of dollars worth of crypto assets from hundreds of thousands of investors. Investigations into other securities law violations and into different entities and persons relating to the alleged misconduct are ongoing.đ¤ DailyCoin has an excellent summary of this & states that The SEC alleged that Genesis lent $575 million to its parent conglomerate Digital Currency Group (DCG). The lent-out funds included Gemini Earn customer assets and were used by DCG to invest in other companies and repurchase DCG stock. Article here https://lnkd.in/d_Mv7PzUđâ𦺠Shiba Inu to the Metaverseđ¨ Whale Alert mentioned via Twitter approx $30M worth of Shib was transferred from an unknown wallet to an unknown wallet. Detailed info here https://t.co/f12FEIOwzC NEWSBTC article The addresses used in the transactions arenât associated with cryptocurrency markets, so itâs unlikely that the action has anything to do with buying or selling the trending meme coin. Could it be possible for these funds to be used to build a better Metaverse experience? The article here gives reasons why https://lnkd.in/d8ntq-Q7 đ Last week on the Blockchain DXB âMetaverse Everythingâ podcast we did mention World Economic Forum highlighted the use case of Industrial Metaverse. In todayâs Crypto & Coffee at 8 podcasts we used ChatGPT to create a podcast script highlighting the summary of it. OpenAIđĽ Two news from UAE ( See slides below)⥠Dubai Customs discusses furthering trade cooperation with Arab Brazilian Chamber of Commerce: Blockchain Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠⥠Ripple bullish on MENA expansion to cash in on crypto payments surge (Interview) We used chatGPT to highlight positives/negatives from the interview (Slides 8 & 9)For slides click here: https://tinyurl.com/mr4j5234LinkedIn Profile: https://tinyurl.com/569zh78j đď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc
14th Janđď¸Metaverse Everythingđď¸: đDecentraland to the MđđN up by 72.45% since the last 7 days & by 38.74% since 24hrs. Market Cap has increased by almost $2B for cryptocurrency & blockchain protocols that are connected to Metaverse. The 24hr trading volume is up by almost 4x in the last 7 days. See slide no 2 for more infoâ The Global crypto market could touch $1T again?đ Apple: Mixed Reality ( Legit or Rumour)See the slide below where we feel itâs still at the Rumour stage as the article written by Bloomberg does not provide any legitimate source. We also covered this in Blockchain DXB Crypto & Coffee at 8 podcast here https://lnkd.in/d6N8XxKcâ CES 2023âââThe Most Influential Tech Event in the World took place in Las Vegas. We highlight some crucial information related to Metaverse. See slides 3 & 4 and check out the Metaverse Everything podcast to get our commentary on it. Alternative information can be found here https://www.ces.tech/đšDangers of MetaverseđšWe asked ChatGPT to create a podcast script to highlight the Dangers of Metaverse for Business in Schools. See slides 5 & 6 below for the key points they are:â˘Security risksâ˘Intellectual property theftâ˘Privacy concernsâ˘Lack of regulationâ˘High costsâ˘Difficulty in determining authenticityâ˘Virtual real estateâ˘Exclusive contentâ˘Dependence on technologyâ˘Lack of physical presence5ď¸âŁ Metaverse news from the world⥠Appleâs Mixed Reality entry rumour or legit news Source mentioned above⥠World Economic Forum is stressing the importance of Industrial Metaverse Source here: https://lnkd.in/dd4g-x54⥠LâOrĂŠal participated in the $4 million funding round via its venture capital fund BOLD Yahoo Finance https://lnkd.in/dBgGcqar⥠Top federal use cases for the Metaverse continuum by Federal News Network https://lnkd.in/dHcqusev⥠Bill Gates is meh on Web 3 and the metaverse but bullish on AI. He mentioned Reddit, Inc. AMA session https://lnkd.in/dp7hf5w75ď¸âŁ Metaverse news from Dubai⥠An article by The National News explores Metaverse jobs on offer in UAE now⥠Dubai Electricity & Water AuthorityâââDEWA places innovation at top of its priorities â˘which include the Metaverse Experience and the digital telescope, as well as the panoramic view of the solar park Source: https://lnkd.in/dnURbjGj⥠Blockchain DXB explains in Dubai is Red Ocean in Metaverse for startups and businesses in the Metaverse Everything podcast⥠Law firm to have a consultation in the Metaverse, podcast episode will be uploaded next week⥠Sharjah Research, Technology and Innovation Park (SRTI Park) Technology and Innovation Park are conducting a panel discussion on Metaverse & XR on the 19th of Jan Registration link here https://lnkd.in/dNYBGzwkCheck out the Metaverse Everything podcast here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3FapqFor slides click here: https://tinyurl.com/5n879k6xLinkedIn Profile: https://tinyurl.com/569zh78jTo support the channelâĄStartup OiLink here: https://bit.ly/3f46zC5⥠Buy me Coffee âđ¨ Link here https://www.buymeacoffee.com/info36/w/6987đ¨ Link here https://www.buymeacoffee.com/info36⥠The Race Space Podcast đď¸Instagram: @theracespoacepodcastPodcast Host: @am_aminoo_Podcast Host: @george_crewePodcast Host: @black_incarnationâĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb blockchain #community #blockchaindxb #digital #management #management #canada #crypto #cryptocurrency #blockchaindxb #blockchaindxb #startup #blockchaindxb #startup#blockchaindxb #business #realestate #innovation #cryptocurrency
2th JanđťInflationdown 6.5% đşBitcoin đ¨ Scary info about DCG & Global Crypto crosses $900B. đ Official information regarding CPI ( Consumer Price Index) can be found Bureau of Labor Statistics https://lnkd.in/dZBYUEsx A decrease from 7.1% in November. Was the decrease in inflation because of the $1.7 trillion in federal spending law & what kind of an impact will low inflation have on the price of cryptocurrencies? đ James Butterfill, Head of Research at CoinShares told Decrypt âThe the market seems to be interpreting this as dovish, for the most part,â âFrom a crypto perspective, this is likely to be supportive, as wellâ Article here https://lnkd.in/d844tWyYâđť An interesting blog via Medium on the 9th stated Minor negative sentiment persists with outflows of US$10m & Bitcoin saw minor outflows, totalling US$6.5m, for the 3rd week in a row implying sentiment at the beginning of 2023 remains negative. This could be only pertaining to last week. XRP on the other hand saw inflows totalling US$3m, which could be due to clarity on its legal case with the Security Exchange Commission đĽď¸ Glassnodeâs weekly insights on the 9th also confirm Bitcoin inflow volumes are currently between $350M and $400M/day, which are a far cry from the multi-billion dollar levels seen throughout 2021â22. Article here https://lnkd.in/drzWRsfyđş Scaryđ¨ Financial Times has reported that Crypto broker Genesis owes creditors more than $3bn, prompting its owner Digital Currency Group to explore selling assets in its large venture portfolio to raise money, according to people familiar with the matter.đĽ DCG, a conglomerate that controls crypto media outlet CoinDesk and investment manager Grayscale Investments, is seeking to raise fresh cash after its Genesis unit was wrongfooted in November by the collapse of FTX. Article here https://lnkd.in/dVZaMyRN What kind of an impact will this have on the crypto market? As the article states DCG is considering offloading parts of its venture capital holdings, which include 200 crypto-related projects such as exchanges, banks and custodians in at least 35 countries, and is worth about $500mn, according to people familiar with the matter.â Barry Silbert though feels we need to get back to having fun and making a dent in the universe. He posted a letter via Twitter here as an update: https://lnkd.in/defQFCXm After being silent he has been posting a series of threads of important tweetsđ Seeking Alpha has reported that Blockchain.com is said to shed 28% of staff as the crypto market downturn persists. They are currently laying off 28% of its headcount (110 staff) This is the 2nd round of job cuts. Article here https://lnkd.in/dwSqhdFcđĽ UAE news: (See slides)⥠Abu Dhabi-based VENOM FOUNDATION INC launches $1B fund for Web3 and blockchain ICEBERG Capital⥠Abu Dhabi-based digital assets association to set up Crypto Regulators CommitteeFor slides click here: https://tinyurl.com/42zw2de6LinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewePodcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon #metaverse #btc
11th JanđĽMore FUD incoming, will ignore! đĽ tweet by Changpeng Zhaoâs, CEO of Binance . What could this mean?đ´ Bloomberg reported earlier that Binance-Peg BUSD stablecoin âdoesnât always appear to have been completely backed by BUSDâ issued by Paxos. In response, Binance posted a blog here https://lnkd.in/dPSXc8Bz & it states the difference between a pegged and backed stablecoinâââwas a âtiming mismatch in backing Binance-Peg BUSD with BUSDâđ§ž Cointelegraph article states ChainArgos co-founder Jonathan Reiter, the news outlet reported that the Binance-peg BUSD was often undercollateralized between 2020 and 2021, a gap that sometimes exceeded $1 billion. https://lnkd.in/dJFZQYSQ Some useful information via Medium here https://lnkd.in/dM2E6zSx â Could this be the reason CZ tweeted about FUD? ⥠DailyCoin has reported that Binance Outflows Sees the Exchange Lose 25% of Its Assets in Under Two Months. According to an article by Forbes Binance has recorded over $12 billion in asset outflows in the last two months, with $360 million coming last Friday. https://lnkd.in/diG9m-Kj đĽ Binance is hosting its first Twitter Space AMA of 2023 with CZ at 10:00 am UTC. Should definitely listen đ´ CoinDesk has reported that the judge allows Binance.US to bid to buy Voyager assets to advance. The article states The exchange agreed in December to purchase the company after Voyagerâs deal with the legend @Sam Bankman-Friedâs FTX fizzled. Article here https://lnkd.in/dsGrUAuW â Crypto.com delists Tether.to USDT!The delisting is for Canadian users from 31st of Jan, following OSC ban. As registered cryptocurrency exchanges in Ontario, Canada, cannot list USDT due to regulatory prohibition. This news is based on screenshots by customers via Reddit, Inc. https://lnkd.in/d_xnjJPu âď¸ In 2023 stablecoins seem to be having a greater problem than in 2022. Bitcoin.com has just reported that The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. Article here https://lnkd.in/dp3Tpf48 đď¸ A trend the last three months we at Blockchain DXB have been observing is a stark decline in the usage of stablecoins. If the trend continues it would make it easier for Central Bank Digital Currencies in the world to usher in their CBDCs đ Apple = Mixed Reality? Legit OR RumourBloomberg is claiming that 2023 is set to be the year of Appleâs mixed-reality headset. Legit or just Rumour as no official links or source is provided in the article. They have also suggested a name â Reality Proâ Article here https://lnkd.in/dPgh-J9eTwo UAE news (See slides)- MO:ME:NT partners with Crypto Oasis to bridge the real and virtual world- Pillars of Open Blockchain by Andreas M. Antonopoulos explained by Blockchain DXBFor slides click here: https://tinyurl.com/3dfnuzbuLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1For slides click here: https://tinyurl.com/yc85uhmkTo help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon
10th JanđĽ #shibainu burn rate of 1,395.89% . Less Supply (managed) = More Demand.â Can Central Bank Digital Currencies also burn the currency to cleverly manage inflation? Blockchain DXBâs episode on CBDC where we explore this area in detail. https://lnkd.in/d3KDjvC4đ Shiba Inu Burn Rate Surges Over 1,300% In 24 Hours NEWSBTC has reported that According to data from the SHIB burn tracking site, Shibburn.com, a total of 37,400,646 SHIB have been burned in the last 24 hours, accounting for a surge in burn rate of 1,395.89%.đ DailyCoin has also reported that Shiba Inu (SHIB) might soon be featured on top luxury fashion handbags via the new collaboration between Canadian bag and luggage manufacturer The Bugatti Group Inc. The official SHIB Token Twitter profile announced the The Bugatti Group Inc deal over the weekend. Info herehttps://lnkd.in/dvyv8qjk & confirms there have been a total of 37,400,646 $SHIB tokens burned https://lnkd.in/dhsgmxCp đŚ Binance Joins the Association of Certified Sanctions Specialists. Meaning all compliance specialists on Binanceâs sanctions team as well as the money laundering reporting, compliance operations, and special investigations lead will be required to undergo training with the ACSS. They will be equipped with the latest guidelines issued by the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) via Bitcoin.com here https://lnkd.in/dEpkS8gtđĄđđşThe drama between BlockFi, new FTX management & the legend Sam Bankman-FriedThe former CEO fights for his right to Robinhood shares & says He Needs Them More Than FTX Customers Who Only Suffer the âPossibility of Economic Lossâ. He is attempting to gain access to his Robinhood shares, worth over $460 million. He needs them to âpay for his criminal defence,â stressing that without them the consequences would be serious and âirreparable.â FTX customers, on the other hand, âface only the possibility of economic loss,â SBFâs court filing states. âď¸ Bitcoin mining update:⥠TeraWulf said Monday it mined 125 bitcoin in December, bringing its Q4 total production to 378 BTC, up 223% compared with Q3.Shares of the cryptocurrency miner rose 2.9% in morning trade. via Seeking Alpha https://lnkd.in/deDWUrkt⥠Hut8 Miningâs bitcoin reserves grow by 65% Y/Y in 2022 It increased its bitcoin (BTC-USD) holdings by 161 in December 2022, bringing its total self-mined holdings in 2022 to 9,086 bitcoinâââa 65% increase over the balance at the end of 2021. The average production rate was approximately 5.2 bitcoin per day, with 100% of the bitcoin mined added to the balance sheet. via Seeking Alpha https://lnkd.in/dFCeA3Nt⥠Canadian bitcoin miner HIVE Blockchain Technologies LTD earned $3.15 million, or the equivalent of about 184 bitcoin, by curtailing its power use in December whereas it mined 213.8 BTC for the month. via CoinDesk https://lnkd.in/drvYA8hYTwo UAE news: (See slides)For slides click here: https://tinyurl.com/nrurkaumLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Metaverse Everything podcast where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1For slides click here: https://tinyurl.com/yc85uhmkTo help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon Episode
09th JanđŽđťđ US Authorities đ Crypto industry 1) Digital Currency Group under investigation by US authorities 2) U.S. subpoenas hedge funds in probe of crypto exchange Binanceđ¨ Bloomberg article states that US authorities are digging into the internal financial dealings of Barry Silbertâs expansive crypto empire, according to people familiar with the matter & Security Exchange Commission is said to be reviewing money flows between companies. Article here https://lnkd.in/d4h4CdeP CoinDesk had reported that the Crypto Conglomerate DCG Closes Wealth-Management Business The division reportedly had more than $3.5 billion in assets. https://lnkd.in/dTkk62SDđď¸ The Wall Street Journal has reported that Genesis Global reduced its start by 30% in the latest axing round, accounting for 145 employees as the Firm suffered steep losses from loans it supplied to Alameda Research, Three Arrows Capital Pte Ltd Article here https://lnkd.in/ds_PcWBkâ What impact will this have on the price of Bitcoin & Cryptocurrencies?â Grayscale Investments has over 64k Bitcoins, will it be forced to liquidate?đ #LIDO, #ZIL #SOL #ADA to the moon Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts and we share our opinion & give our reasoning for the pump & despite the price increase why has Bitcoins market cap not changed since the last 7 days. The Zilliqa Ecosystem market cap today is $558 Million, a 40.4% change in the last 24 hours Podcast Link here NEWSBTC article states Cardano Whales Begin Accumulating In New Year. The report shows that in the first five days of 2023, these large investors have already added more than 217 million ADA to their stash. This brought the percentage of supply that they now hold back up to the 57.22% level https://lnkd.in/dZtd2zpM More technical details here https://tinyurl.com/3zpkydđ˛ Hedge FundsThe U.S. attorneyâs office for the Western District of Washington in Seattle directed investment firms to hand over records of their communications with Binance The Washington Post article states that Prosecutors are discussing a possible settlement with Binance, and they weigh whether they have enough evidence to bring indictments against the company. Article here https://lnkd.in/dpmanTxwđ Could it just create FUD or payback for the downfall of extreme left-leaning Sam Bankman-Friedâs FTX exchange?Coffeezilla đ Logan PaulCointelegraph has just reported that Logan Paul backflips on a defamation lawsuit against Coffeezilla, and apologizes Logan Paul has deleted his response video aimed at Coffeezilla and apologized in a surprising U-turn. More info via his Twitter account here https://lnkd.in/dtFX22Jv Check our podcast we explore this in detail Would be interesting to see his 3rd video. Coffeezilla also has a brilliant breakdown on the legend Sam Bank-man Friend Two UAE News (See Slides)For slides click here: https://tinyurl.com/4k2sv2waTo listen to our views & commentary check out Blockchain DXB Crypto & Coffee at 8 podcast here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon Episode
06th Janđď¸ Metaverse Everything đď¸ Podcast introduction and the LinkedIn post were written by AI ChatGPT in merely 3 seconds!Check out Blockchain DXB Metaverse Everything podcast here & give us feedback in the comments⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1đĽWe also discuss, What is in store for Metaverse in 2023. We look at the Geopolitical situation, election chaos in the USA, Impact of Inflation in the Metaverse & will startups and businesses focus on 10x better user experience in the Metaverse.đ¨ Metaverse Standards Forum has a few updates and events in 2023. See slide 6 for more informationđľ We also explore the Blue Ocean area in the Metaverse and share our thoughts and opinions on it. We focus on three core areas:- An entirely new industry to be born- Re-engineer an existing industry- Adapt or DieTop 5 Metaverse news from around the worldđĽ CES2023: Microsoft Exec Says Metaverse Is Must-Have. the tech giant is looking to transform the customer experience and believes the future will be based on a hybrid model. Source: CoinDesk Article here https://lnkd.in/dZRtBpbBđĽ HTC VIVE has released a new MR headset could this compete with Meta Quest Pro? Source Decrypt https://lnkd.in/dGAZ98CvđĽ Laura Mercier Cosmetics has launched has Virtual Try On tech integrated across its websites Source Ad Exchange Group https://lnkd.in/dA8uqqQ6đĽ Animoca Brands Corp. is looking to raise about $1 billion this quarter for its new Web3 and metaverse investment fund. Source:Bloomberg https://lnkd.in/dK9R-9g2đĽ Meet Kai is launching several new platforms geared toward the metaverse Source: TechCrunch https://lnkd.in/dRu65PG6Top 5 Metaverse news from Dubai⥠Dubai Verse Cup: A unique play-to-earn (P2E) horse racing game, that calls for all gaming enthusiasts to try out. Source Zawya https://lnkd.in/dgU5QehJ⥠Metaverse Mastery: Info on the three-hour Metaverse Mastery Class where youâll learn the ins and outs here. Source Time Out Group plc Dubai, https://lnkd.in/dmugmiAP⥠Saudi Arabia to overtake UAE as top metaverse hub in GCC as per report by Arabian Business here https://lnkd.in/dGjSxcPp⥠Blockchain DXB's LinkedIn post about Metaverse was written entirely by ChatGPT in 3 seconds. See slide No 4 below for the report⥠Chalhoub Group exec says â˘Luxury consumers want to engage in metaverse experiences, with 89 per cent saying they would like to preview products in the metaverse. Source SME10X https://lnkd.in/d7nRJTMH#blockchaindxb #metaverse #linkedin #businessFor slides click here: https://tinyurl.com/5dnk939fLinkedIn Profile: https://tinyurl.com/569zh78jTo support the channelâĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb blockchain #community #blockchaindxb #digital #management #management #canada #crypto #cryptocurrency #blockchaindxb #blockchaindxb #startup #blockchaindxb #startup
05th JanđEthereum Classic & LIDO the moon đ+ World Economic Forum thoughts on Cryptođ¨ Shanghai Upgrade: Ethereum Classic is up by 19.90% & Lido in the last 7 days is up by 45.13% The Motley Fool has suggested that the Shanghai upgrade will allow stakers and validators to withdraw their tokens that have been locked since December 2020, providing more liquidity to a project like Lido DAO. Ethereum blockchain may make regulators view Ethereum as more of a security than it was previously. As a result, traders are speculating that Ethereum Classic may become more attractive. Interesting read here https://lnkd.in/dpkrcHzS đ On a side note Data from Dune Analytics show that despite the increasing interest in Ethereum (ETH) staking, only about 20% of all ETH staked is in profit following the crypto winter of 2022. Detailed info here https://lnkd.in/dryxQhVwđĽ WEF: Despite $ 2 trillion being wiped off the Global Crypto market in 2022 WEF Believes in Cryptoâs Resilience & published an article that states That countries that enable responsible competition will shape the future. Cryptography and blockchains will continue to be integral parts of the modern economic toolkit, interesting read here https://lnkd.in/dui5g_6Râ Genesis Global Capital Update 1/4/23A. Derar Islim, PhD Interim CEO, Genesis has an update as Cameron Winklevoss pressured the parent Company Digital Currency Group In the update Interim CEO believes it âcan arrive at a solutionâ to its current financial pickle They remain focused on finding a solution for our borrowing and lending intermediation business and reaching the best outcome for all affected clients. Update here https://lnkd.in/dv3nDc8k𼜠đ Coinbase reaches $100 Million settlement with the New York regulator over Compliance Programs Decrypt confirms The crypto exchange will pay a $50 million fine and invest $50 million into bolstering its compliance programs. Official news by New York State Department of Financial Services here https://lnkd.in/dPrTkc8f Coinbase has been licensed by the Department to conduct a virtual currency business and money transmitting business in the State of New York since 2017đĽ The positive impact? Coinbase Stock Price Jumps 12% Following $100M NYDSF Settlement Decrypt article states Nasdaq Composite-listed COIN was up over 12% after the announcement, trading for $37.34 per share. The settlement means the end of the New York regulatorâs probe, which Coinbase first disclosed in 2021. Could it be that investors now have clarity over regulatory matters related to the company? Article here https://lnkd.in/dxhH6G2vđĽTwo UAE news: (See slides)⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB 03rd Feb⥠PESTLER analysis on Bitcoin on 03rd Feb (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXBFor slides click here: https://tinyurl.com/49dnz3c6đď¸ Listen to Blockchain DXBâs Metaverse Everything podcast where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoonEpisode
04th JanđĽśBitcoin mining is facing crypto winter đĽśThe mining difficulty has plunged almost 3.6% NEWSBTC has reported the mining difficulty has moved from the 35.36T that it was trending at to 34.09T following the adjustment. Article here https://lnkd.in/dcH8YvN9 Bitcoinâs hashrate hit an all-time high in Nov of 2022 but since then many mining industries have also filed for bankruptcy CoinDesk article states Core Scientific (CORZ) and Compute North, filed for bankruptcy while Celsius Network and BlockFi, two bankrupt crypto lending firms with sizable mining wings, are likely going to have to restructure their operations. Another two mining companies, Marathon Digital Holdings and Argo Blockchain are also at risk of filing for bankruptcy. Article here https://lnkd.in/dRY-uTVFâ Bitcoin Blockchain did see a fall in decline particularly when China decided to ban miners,âA lower bitcoin mining difficulty could lead to double spending.đ¨ Cointelegraph also reported that according to a recent report by Hash Rate Index here https://lnkd.in/d89VGVZW, publicly listed Bitcoin (BTC) miners took on more than $4 billion worth of debt during the run-up to the crypto bull market. Mesmerized by rising prices, the industry rushed to hand over first to purchase Bitcoin application-specific integrated circuits miners on easy credit.đď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where give our commentary on this and discuss if lowering mining difficulty has the possibility of double spendingđđŽđť Sam Bankman-Fried Pleads âNot Guiltyâ to Fraud, Conspiracy Charges The U.S. District Judge Lewis Kaplan of the Southern District of New York in the case set a target date for the trial to begin in early October The Wall Street Journal had reported that U.S. prosecutors had charged the FTX founder with engaging in criminal conduct that contributed to the cryptocurrency exchangeâs collapse Article here https://lnkd.in/du7xQHne đ° Gulf News article states A federal prosecutor, Danielle Sassoon, estimated that a trial could take four weeks, and said the government will soon turn over hundreds of thousands of documents of evidence to defence lawyers. Article here https://lnkd.in/d5NxUADKđ Yesterday CoinDesk reported that Sam Bankman-Friedâs Lawyers asked the court to conceal the Identities of $250M Bail Co-Signers. The lawyers cited privacy and safety concerns as reasons for the request. Article here https://lnkd.in/dhNYW2zs What are the odds that the co-signers are Extreme left-leaning Democrats?đĽ Binance Pay in UkraineANC Pharmacy, a major pharmacy chain, partnered with Binance Ukraine to launch crypto payments via Binance Pay, a contactless payment service. Announcement here https://lnkd.in/dakDw28DđĽ Two UAE news: (See slides)âĄBitcoin Beginners Guide Session by Blockchain DXB 3-part series 02nd Feb, 9th Feb & 16th FebâĄEthereum Beginners Guide Blockchain DXB 2nd Feb 2023For slides click here: https://tinyurl.com/49dnz3c6LinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Metaverse Everything podcast where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1For slides click here: https://tinyurl.com/yc85uhmkTo support his channel:âĄStartup OiLink here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #btc #dogecointothemoon
03rd Janđ Barry Silbertâs âBad Faith Stall Tacticsâđ The drama just 3 days into 2023 đŁď¸ Cameron Winklevoss has blasted Barry Silbert in an open letter via Twitter clearly stating itâs been 47 days since Genesis halted withdrawals. Detailed letter here https://lnkd.in/dmt5Phdp However Silbert has clearly stated in reply that Digital Currency Group did not borrow $1.675 billion from Genesis & that DCG has never missed an interest payment to Genesis and is current on all loans outstanding; the next loan maturity is May 2023. Worth reading the series of threads đ The downfall of Grayscale Investments could have a devastating impact on the price of Bitcoin as it currently holds 643,572 Bitcoinsđ¨ CoinDesk article states that Gemini co-founder accuses DCGâs Silbert of âBad Faithâ Stalling in $900M locked funds dispute. Winklevossâ letter comes as his company faces major financial headwinds, including a lawsuit against the firmâs Earn product alleging fraud and securities law violations and a mob of angry Earn customers who have been unable to access their accounts. Article here https://lnkd.in/dy7EWrZ7 đ§ Bitcoin ATM: Australia > El SalvadorCointelegraph has reported that In the last three months of 2022, Australia deployed 99 crypto ATMs, confirming data from Coin ATMRadar. And as of Jan. 1, 2023, Australia recorded 219 active crypto ATMs, overshadowing El Salvador by 7 ATMs. The article states The total number of crypto ATMs worldwide is 38,602,out of which 6,071 ATMs were installed in 2022 alone. Do we really need ATMs in the first place when it comes to cryptocurrencies though? Article here https://lnkd.in/d2KPqYPU đ Updates on DogecoinThe Dogecoin Core development fund a new community managed by existing core developers and #Dogecoin Foundation board director signatories & has taken the step of moving 5,000,000 (approx d $360,000 ) Dogecoin to the development fund, with the intent, that this will be allocated to Dogecoin Core, the development of which is critical and to the benefit of the Dogecoin ecosystem. The DOGE held in this wallet will disburse rewards to developers of Dogecoin Core for work on all contributions, no matter how big orsmall. Official info here https://lnkd.in/d79XYUQn đđź Bitcoin Beach Party on 30th, January 2023. Lots of bitcoin-related conversations. Official news and invite by Orange Pill Party via Twitter https://lnkd.in/d6tjPsg2To listen to our views & commentary check out Blockchain DXB Crypto & Coffee at 8 podcast here⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1đĽ Two UAE news: (See slides for more info)⥠The Ministry of AI Office in collaboration with Abu Dhabi Global Market (ADGM) Commercial Bank discusses AI and Blockchain future in banking Chainalysis Inc.âĄGOQii Steps In UAE With Its Web3-Based Digital Health MetaverseFor slides click here: https://tinyurl.com/3ke2d2v8LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #bitcoin #dogecointothemoon #doge #nft #nftworld #nftnews
02nd Jan2023: đťBearish or Bullishđ year from Bitcoin?đŚ President Joe Biden has signed a $1.7 trillion government spending bill into law. Details of where the spending will be used can be seen via The White House here https://lnkd.in/dyvTzrcađď¸ Check out our podcast where we explain how this could impact the price of #BTC & #crypto in 1st quarter of 2023đ§ Bitcoin Magazine article states that As the macroeconomic debt spiral is set to spin out of control in 2023, Bitcoiners should prepare for the fight to intensify. the report also talks about the Digital Asset Anti-Money Laundering Act of 2022 by senator Elizabeth Warren here https://lnkd.in/duybnHTR. The article stresses Bitcoin is the new frontier, the digitalization of the Unassigned Lands in the old American West đ What are your expectations for #BTC and #Crypto in 2023? We at Blockchain DXB feel the first quarter may show some positive signs. However, we strongly emphasize that Price predictions are 100% right, 50% of the time. đŚ JPMorgan Chase & Co. has published details and an interesting report called The Dynamics and Demographics of U.S. Household Crypto-Asset Use. Report here https://lnkd.in/dHsdNC3A The finding sections provide a good summary of the report. Also discusses Purchase price by education level The Coin Bureauchannel on YouTube provides a brilliant explanation of this too. Worth subscribing to their channel https://lnkd.in/dVeZ5H42đď¸âđ¨ď¸ 2022: The year of hacksDailyCoin has an interesting article here that states that more than $3B in Crypto Was Stolen in Hacks This Year. Article here https://lnkd.in/dPs6hhYw Summary below- Over $3 billion dollars were stolen in hacks over the year.- The top ten hacks were responsible for more than 66% of the total funds stolen.- The largest exploit was the Ronin Bridge hack in which $625 million was stoleâ The article also provides a list of the Ten Largest Hacks of the Year.đ¨ Last week Cointelegraph article stated the Federal Bureau of Investigation (FBI) pinned Avraham Eisenberg with one count of commodities fraud and one count of commodities manipulation in relation to his exploitation of Mango Markets. According to the FBI complaint, Eisenbergâs actions constitute both fraud and market manipulation. Would be interesting to see what happens to Extreme left-leaning Sam Bankman-Friedđ¨đźâđť Tim Draper continues to stand by His $250,000 Bitcoin price prediction he mentioned via Twitter that his predictions were off a bit. His tweet is here https://lnkd.in/dz7eUXcF. We at Blockchain DXB often say Price Predictions are 100% right, 50% of the timeđĽTwo UAE news: (See slides)⥠SmartLedgerâââThe Worldâs Leading Blockchain Distribution Channel expands its footprint into the Middle East⥠Emirates Health Services launches a transformative project that deploys metaverse technology in healthcare delivery Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠#blockchaindxb #bitcoinFor slides click here: https://tinyurl.com/58uxps5cLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Metaverse Everything podcast where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0For slides click here: https://tinyurl.com/yc85uhmkTo help support his channel:âĄStartup OiLink here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #metaverse #bitcoin
23rd December Metaverse Everything: DXB Edition đĽDUBAI FUTURE FOUNDATION has released a report by PwC Middle East Middle on the Dubai Metaverse Assembly held at the Museum of the Future. Slides 3 & 4 below summarize the key parts. The report also provides highlights from Days 1 & 2. We strongly recommend watching YouTube https://lnkd.in/dGQHY9rf đ¨ Which country will lead the Metaverse? Three core area needs to be focused on- Infrastructure Ready- Willingness & Eagerness about Metaverse- Laws & Regulations ⥠Which country is more eager to adapt and adopt Metaverse?- Developed countries- Underdeveloped countries- Developing Countries đŻ Dubai does position itself very high in this regard and does have a competitive edge in the metaverse. A key point by Khalfan Belhoul is Dubaiâs ânorth starâ in this journey is ensuring that we embrace the Metaverse creating a safe space that puts human lives first. Law & regulations should play the refereeâs hat and Refrain from being gatekeepers đť Limited use case of Web3.0đŻ We discuss some of the challenges & hype surrounding Web3.0 keeping Metaverse in mind in slide 7. We at Blockchain DXB also plan to release a standalone episode on the limited use case of Web3.0 Top 10 Metaverse news from Dubaiđ Du & bedu.tech partner to augment digital encounters in the 2117 metaverse Source: Zawya https://lnkd.in/dHEuJYid đ¨đźâđť Resource Group enters the metaverse to provide immersive experiences for visitors https://lnkd.in/dDcBsfA5 đ¨đťâđ Everdome.io had the first rocket launch in the metaverse Source: Arabian Business https://lnkd.in/dA67ThCn đ AYA: The first of the next generation of immersive, experiential entertainment parks opening in Dubai Source: UAE24X7 https://lnkd.in/dn3CYC8J đ Dubai opens first physical NFT shop in Mall of the Emirates SoftConstruct Source: ITP Media Group https://lnkd.in/dWRXJXBUđ Dubai Frame: MetaEssence has built a demonstration of the digital twin of the famous attraction, allowing visitors to experience a virtual 360-degree view of the city Source: Khaleej Times https://lnkd.in/dQgGdW39đł geidea enters the metaverse in collaboration with Magnati Check out Blockchain DXB Crypto & Coffee at 8 podcasts dated 20th Octđ MXHUB Dubai announces the launch of its metaverse incubator More info by Blockchain DXB Crypto & Coffee at 8 podcasts dated 20th OctđŚ Dubaiâs AURA SKYPOOL Lounge takes over the Metaverse iconic landmark and joins forces with âRare Cityâ to bring a one-of-a-kind experience to the Metaverse https://lnkd.in/d3tfFrj4đ¨đźââď¸ Dubai-based ShopDoc is trying to make healthcare a habit among children using the metaverse https://lnkd.in/dTvdtjG7đď¸ Listen to Blockchain DXBâs Metaverse Everything podcast where we share our thoughts. Link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1For slides click here: https://tinyurl.com/yc85uhmkLinkedIn Profile https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb blockchain #community #blockchaindxb #digital #management #management #canada #crypto #cryptocurrency #blockchaindxb #blockchaindxb #startup #blockchaindxb #startup
22nd DecđĽPaxful removes Ethereum đĽ Paxful, a global peer-to-peer trading platform, is set to remove Ethereum (ETH) trading from its marketplace. CEO Ray Youssef mentioned via Twitter https://lnkd.in/detfGDPu The reason is due to its shift to proof-of-stake and lack of decentralization. Bitcoin Magazine article states he delved into the decentralization aspect of Ethereum, denouncing the small group of insiders who manage to exert enormous influence on the cryptocurrency project to this day. https://lnkd.in/dkyt4dNwâ If another cryptocurrency exchange follows a similar approach could it be the beginning of the end game for Ethereum?đŻ Stable Coin Trust Act: An absolute must for the industry by Senator Pat Toomey (R-PA) Cointelegraph article by Brayden Lindrea gives a brilliant explanation of this & compares it to the stablecoin Transparency Act, which was introduced into Congress by fellow Republican Senator Bill Hagerty on March 31. Article herehttps://lnkd.in/dz5Ssaw3 â Do Stable coin issuers act as a Bank?â Can stablecoins be censored by stable coin issuers?â Will Tether.to be the Black Swan event for Crypto? đ Former executives of FTX and Alameda Research have been charged for their role in the âfraudsâ that led to FTXâs collapse. Caroline Ellison and Gary Wang plead guilty to fraud charges Inner City Press the US Attorneyâs Office released the plea agreements (signed December 19) of Caroline Ellison of Alameda Official documents here https://lnkd.in/d7M3fheH đ CoinDeskâs article summarizes it perfectly well that the Plea agreement would waive Ellison of any charges, except criminal tax violations, provided she fully cooperates with U.S. Attorneyâs office. https://lnkd.in/dz5Ssaw3 â Bitcoin.com article states U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) also filed charges against Wang and Ellison on Wednesday. https://lnkd.in/dAivkiix â The bitcoin mining industry struggle continues as British Columbia has decided to halt new power connections for crypto miners & hascited prioritizing clean energy and job creation as the main reasons for suspending cryptocurrency mining operations. Officialannouncement here https://lnkd.in/dh4QTjcx đĽ Elon Musk-led Twitter to add BTC and ETH price indexes to the search function financial Twitter! Info by Twitter for Business https://lnkd.in/dShfSYQC Simply searching for the ticker symbol, whether for stock or crypto, will also bring up the price graph. Cointelegraph article states The price charts also include a âView on Robinhoodâ link that can be clicked in the bottom left-hand corner, suggesting the Robinhood has teamed up with Twitter for this integration.đĽ Two UAE news:(See slides)⥠Trinity Gaming partners with Emchain FZE to facilitate content business in the Indian Web3 and Blockchain gaming space⥠EX Sports drops official World Tennis League NFT collectablesFor slides click here: https://tinyurl.com/yn89uxpfLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel: âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb blockchain #community #blockchaindxb #digital #management #management #canada #crypto #cryptocurrency #blockchaindxb #blockchaindxb #startup
21st Decđ Bitcoin Mining Industry đ Core Scientific one of the largest crypto mining companies in the U.S. is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning. Reuters states Core Scientific said it would not liquidate and would continue to operate normally, as it expects to enter into a restructuring support agreement with its creditors, who represent over 50% of the holders of its convertible notes. https://lnkd.in/d7ZxhfT3 Their Twitter provides daily updates on #BTC mined https://lnkd.in/drGDVRXx đĽ Dangers of SPAC:CNBC article states market capitalization had fallen to $78 million as of the end of trading Tuesday, down from a $4.3 billion valuation in July 2021 when the company went public through a special purpose acquisition vehicle or SPAC. The stock has fallen more than 98% in the last year. https://lnkd.in/dVrRqdnx đ CoinShares blog via Medium indicates last week there were outflows of US$30m following a hawkish FED, generally a negative sentiment. Blog here https://lnkd.in/diH4sg2bđť#BTCâââoutflows of $17.5mđť#ETH -outflows of $9.1m â Ethereum: Censorship concernsCoinDesk published an article that states In the past 24 hrs,66% of blocks that made it onto the Ethereum blockchain were OFAC-compliant, meaning they excluded transactions involving parties sanctioned by the U.S. Department of the Treasury Office of Foreign Assets Control. This is definitely not ideal for Open Blockchain Protocol. The article also states Ethereumâs âcensorshipâ problem has grown over the past few months, with some validators in charge of maintaining the blockchainâs ledger ignoring certain transactions to comply with regulations. But cryptoâs anti-censorship purists may have reason to be hopeful.Minersâ roleâ Update the Ledgerâ Not âValidateâ & update the ledger đ¨ Update on Sam Bankman-FriedSam Bankman-Fried former CEO of FTX signs extradition papers, & as per ABC News will return to the US for charges. He had been expected in court Tuesday but did not appear, even as his lawyers and U.S. consular officials waited for two hours. The disgraced former CEO signed the papers to waive an extradition hearing from the Bahamas and will now be flown to the United States to face prosecution Article here https://lnkd.in/djJqytviđNBC News also confirms that Bankman-Fried will fly to the U.S. on Wednesday. Article here https://lnkd.in/d6NRXGnf With his connections with Extreme Left-wing politicians and Donations could Bankman-Fried can request that he be released on a bail? Or will be nominated for the Nobel prize like previous politicians?đ CNBC article states Democratsâ Senate Majority PAC plans to return $3 million in donations from disgraced former FTX executives The super PAC, spent more than $160 million supporting Democrats https://lnkd.in/dUBaEtHpđĽ Two UAE News (Slides)âĄLumiShare SRG (illumiShare SRG) Raises $3.2M in Funding⥠Pillars of Open Blockchain by Blockchain DXBFor slides click here: https://tinyurl.com/2s46anfbLinkedIn Profile: https://tinyurl.com/569zh78jđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Podcast link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Anghami: https://bit.ly/3AiLNp5⥠Podbean: https://bit.ly/3TqrsX1To help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb
20th Decemberđâ°ď¸QuadrigaCX Back from the dead!đą Bitcoins linked to the defunct Canadian exchange that went underwater after its founderâs mysterious death are suddenly on the move. $1.7M in #BTC tied to QuadrigaCX reawakens after years of dormancy. Five wallets attributed to QuadrigaCX unexpectedly moved ~104 BTC on Dec 17 for the first time in years. The wallet address is via Twitter here https://lnkd.in/dqMXFcPK In 2019 CoinDesk hand an article that stated Researchers had identified a group of bitcoin addresses that likely belonged to the cold wallets of failed exchanges ie Quadriga & an updated article earlier today states three years ago it did not control those wallets at the time. https://lnkd.in/duk2mh3v The Netflix documentary âTrust No Oneâ does a horrendous job & has missed many crucial details đ MarketAlmost $1 Trillion has been wiped off from Bitcoinâs market cap this year, The global crypto market cap is down to $809.90B. Check Blockchain DXB Crypto & Coffee at 8 podcasts, we share our commentary on this.⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Podbean: https://bit.ly/3TqrsX1 đ¨ Gate.io one of the leading cryptocurrency exchanges with over 1400cryptocurrencies & stablecoins has said it obtained licenses tooperate in âseveralâ U.S. states along with a money service business license from FinCEN leading up to its local launch. Official news herehttps://lnkd.in/dR2qWfNp Cointelegraph article states The exchange is slated to provide services to both retail and institutional users when it opens for U.S. customers. https://lnkd.in/dz6jTgjfđ China Metaverse !$28.7MetaverseSouth China Morning Post SCMP has just posted that Zhejiang province, home to Alibaba, eyes a 200-billion-yuan ( approx. $28.7) metaverse industry by 2025 The eastern province aims to develop metaverse-related industries by 2025. It has also issued warnings about risks in the metaverse industry as local governments and enterprises flock into the booming sector. https://lnkd.in/dTGnXxDpđ° Binance.US + VoyagerDespite FUD surrounding Binance.US has plans to Acquire Voyager digitalâs assets for $1Bnin Bankruptcy Bid As per the official blog here https://lnkd.in/dD9a2R6y It states has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. Binance.US will make a good faith deposit of $10 million and will reimburse Voyager for certain expenses up to $15 million. Voyager will also seek the approval of the bankruptcy court at a hearing on Jan. 5, 2023.đş VGX, the native token of Voyager Digital, skyrocketed over 32% after Binance won the bid. VGX was trading at $0.3843 at the time of writing. While Binanceâs BNB token also rose over 1% on the news trading at $250 đĽ Two UAE news: (See slides)⥠MX Hub Dubai announces the launch of its metaverse incubator⥠geidea enters the metaverse in collaboration with MagnatiFor slides click here: https://tinyurl.com/4y88zctvLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #blockchain #dogecoin #btc #ethereum
15th DecđFederal Reserve Board raises interest rates by 50 basis points, the highest level in 15 years. The goal is to curb inflation to 2%. Following the announcement, the Dow Jones Industrial Average fell 109 points, or 0.3% after being 287 points higher earlier today; the S&P 500 dipped 0.5%.đŻ We strongly recommend watching the full video via YouTube here https://lnkd.in/dY4Xi3kQ The Labor market & job condition in the USA is definitely looking good, so itâs unlikely that we are heading towards a recession.â The Guardian posted an article even before Jerome Powell started answering questions. & Incorrectly stated Fed eases the pace of interest rate rises after signs inflation may be slowing. đ How does this impact Bitcoin & Cryptocurrency? Not much has changed since the announcement. It would be interesting to see developments with the FTX hearing and how it impacts price over the weekendđą U.S. Securities and Exchange Commission has sued Atlas Trading for a $100M stock manipulation scheme Eight individuals promoted deceptive demand for stocks via Twitter, Discord and YouTube to sell their shares at a high point. As per the filing, the eight defendants earned approximately $100 million from this stock-manipulation scheme. Filing here https://lnkd.in/dYPu5BWVđĽMetaverse news:Netherlands tops new survey as the most metaverse-ready countryCointelegraph article states that a new study by Uswitch revealed which countries are ready to embrace the metaverse by more technical standards, such as fixed broadband speeds and prices. The survey is here https://lnkd.in/djBtiy2s. The survey focuses more on the technological aspects + Blockchain startup & Google search as opposed to usersâ willingness and adaptability to Metaverse The top 3 Metaverse Readiness scores1) Netherlandsâââ7.74/102) Switzerlandâââ7.61/103) Lithuaniaâââ7.39/10Strange not to see Turkey, India or UAE in the top 30 listđ Censorship king, former CEO of Twitter Jack Dorsey is pushing for decentralized Twitter alternatives & highlighted that a solution to Twitterâs censorship issues is making a platform resilient from corporate or government control. This is in response to a series of powerful and critical tweets released by Elon Musk. He posted an article here https://lnkd.in/dwnY2B6k he is planning to have #startsmall grants focus on giving cash & equity grants to engineering teams working on social media & private communication protocols, & a lot more. â Would you âtrustâ the Censorship king?⥠NEWSBTC has reported that statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week.$154 Million in NFT Sales was Recorded Over the last week The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week Article here https://lnkd.in/djVT7SE3đĽ UAE news(See slides)âĄMetaverse: The Hype, Reality & New World OrderâĄEthereum Beginners GuideFor slides click here: https://tinyurl.com/5btsknnmLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin
14th DecđąBinance FUD on crypto Twitter Changpeng Zhao did respond stating âFUD helps us grow, even though they are thoroughly annoyingâ . BUT Jesse Powell, founder & former CEO of Kraken Digital Asset Exchange see Big Red Flagâ, Criticizes the Recent Proof-of-Reserves Report by Binance as he feels it is more of an attempt at proving collateral rather than proving reserves. He tweeted on the 11th https://lnkd.in/d4ms354a đť Amidst the chaos, Binance did see the largest withdrawal in its history. CZ was very positive and took it as a good test for exchanges. Great tweet here https://lnkd.in/d49Ebni7đŁď¸CZ was also live for over an hour and must listen to be updated with the information from 1st source. Listen to him live via Twitter space here https://lnkd.in/dxwGVpVkđ´ Decrypt article states Binance experienced a historically high number of withdrawals this week, processing net outflows of roughly $3.66 billion on December 12, the most since June, according to Nansen data. & that CZ has told employees the next few months will be bumpy. Here https://lnkd.in/dXUBtYfXđď¸ Listen to Blockchain DXBâs Crypto & Coffee at 8 podcasts where we share our thoughts. Podcast link below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Anghami: https://bit.ly/3AiLNp5⥠Podbean: https://bit.ly/3TqrsX1 đľ The White House is silent on whether it will return $5.2M in donations from Sam Bankman-Fried former CEO of FTX The Associated Press reporter Zeke Miller asked the press secretary âWill the president return that donation?â but Jean-Pierre responded, adding she was âlimited on what I can say.â Full video via YouTube here https://lnkd.in/d3qu_MNU Cointelegraph has a detailed article on this here https://lnkd.in/dCd8Mk3mđ¨ The U.S. Commodity Futures Trading Commission (CFTC) has again labelled Ether ETH as a commodity, this time in a Dec. 13 court filing. This is in contrast to statements from chief Rostin Behnam who during a crypto event at Princeton University on Nov 30th, suggested that Bitcoin was the sole cryptocurrency that should be viewed as a commodity. Cointelegraph article has more info on this here https://lnkd.in/dZPKqs5wâźď¸ PayPal is currently working MetaMask to offer an easy way to buy Crypto. Users will be able to buy and transfer ether from PayPal to MetaMask. The official blog here https://lnkd.in/dmNZfrmP confirms that This new functionality is available to select U.S. users starting today and rolling out to all eligible U.S. customers in the coming weeks ConsenSysđĽ Two UAE News: (See slides)⥠Morningstar Ventures invests $5mln to open â37xDubai⥠Dubaiâs DIFC introduces new rules for Digital Economy Court DIFC CourtsFor slides click here: https://tinyurl.com/3hbuz96wLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin
13th FebđđŽđť Sam Bankman-Fried former CEO of FTX arrested! What is going on with Stable Coins?? Federal Reserve Board to announce an interest hikeđ¨ U.S. U.S. Department of Justice mentioned via Twitter that the Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. Tweet here https://lnkd.in/d6YAE8yd The New York Times also stated that A statement by the government of the Bahamas said Mr Bankman-Fried was arrested after prosecutors in the United States filed criminal charges. Article here https://lnkd.in/dTyRkrhe The criminal charges against Sam Bankman-Fried included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, said a person with knowledge of the matter. This move may be a bit strange cause yesterday he was willing to testify in front of the committee.đ The U.S. Consumer Price Index (CPI) report is to be released today i.e. the 13th and the interest rate hike announcement on the 14th. The price of Bitcoin has slightly pumped & to one month high. Could we see a dump once the interest rate is announced, or will there be a pump?How much of a hike will we see?50 bps đş75 bps đşâPrice predictions are 100% right 50% of the timeâđ CoinDesk article states Bitcoinâs dominance rate rose above 41% alongside the price rally, signalling de-risking in the crypto market. Interesting read here https://lnkd.in/d-p4MSutđľ Barronâs article swings either ways the article states The Fedâs Rates decision could drive the price of Bitcoin to $18,000 or unleash more selling pressure. https://lnkd.in/dC_nypFiđ´ Investing.com states Should the interest rate hike by 50 basis points or lower, then the global financial and crypto markets will experience a small to medium relief rally. This could pump the price of Bitcoin & other cryptocurrencies. Article here https://lnkd.in/dRDBinwg⥠Glassnode weekly insights discuss âA Quiet Futureâ The insight states the Bitcoin market has turned very quiet coming into Dec. The short-term realized volatility for BTC is currently at multi-year lows of 22% (1 week), and 28% (2 weeks), making for the lowest volatility regime since Oct 2020. ⥠CoinShares weekly blog via Medium states the sentiment is steadily improving for Bitcoin as #BTC saw inflows totalling US$17m Info here https://lnkd.in/dgrJRQ6D Itâs going to be interesting to see how the market reacts after the Fed hike news đ NFTReddit, Inc. users have minted more than 5 Million NFT Avatars on Polygon Decrypt article states the program is onboarding users into Web3, with more than 4.25 million unique wallets holding the Polygon assets. Great user adoption as the market is currently in turmoil https://lnkd.in/dQTYamwE đĽ Two UAE news: (Slides)âĄDMCC (Dubai Multi Commodities Centre) announces the launch of its gaming centre⥠ReelStar partners with GDA InternationalFor slides click here: https://tinyurl.com/524k9bnyLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin
12th Decđ¨ Legend! Sam Bankman-Fried testifies on the 13th of December đ¨Crypto.com Releases Proof of Reserves! đ Stablecoin War đ December crypto volumesđ¨Role Model Sam Bankman-Fried former CEO of FTX is willing to testify on the 13th. A must-read Twitter threat with Maxine Waters from U.S. House Committee on Financial Services. The legend will explain the following-FTX USâs solvency and American customers-Pathways that could return value to users internationally-What I think led to the crash-My own failings ( Sam BankmanâââFried) â Most likely the hearing will be live on YouTubeđCrypto.com Releases Proof of Reserves: Attested by Mazars, users can verify that their crypto assets are fully Backed (1:1) on the platform. With over 70 million customers worldwide & the industry leader in regulatory compliance, security and privacy certifications released its audited Proof of Reserves. Official information here https://lnkd.in/dfZ9VTBU đď¸ Mazars compared the assets held in on-chain addresses proven to be controlled by Crypto.com with customer balances through an auditor-overseen live query of a production database as of December 7, 2022. The reserve ratio is over 100% đ¨ #donttrustverifyYou can also verify your funds here https://lnkd.in/dFQGA3PP But is this enough or should we as an industry needs to adapt to Proof of Keys?đĽ War on StablecoinsâCoinbase publishes a blog on its website urging users to Convert their Tether.to USDT to Circle USDC, now with zero fees. A blog titled âSwitch to the trusted and reputable digital dollar: USDCâ. The blog states stability and trust are of the utmost importance to customers. Fiat-backed stablecoins (cryptocurrencies pegged to reserve assets like the U.S. dollar) provide customers stability and confidence during times of volatility. Info here https://lnkd.in/dDMUYqxYâCoinDesk article states Coinbase highlights questions about Tether reserves in the campaign to get users over to USDC & On-chain data shows that USDT is the third-most widely traded digital asset on Coinbase, representing 5% of the volume on the exchange Article here https://lnkd.in/dbDRYfS3â Who wins the war on Stablecoins- Tether.to USDT- Circle USDC- Binance BUSD đ´ FOMC Meeting Federal Reserve Board will announce interest rates hike this week. Schedule here https://lnkd.in/d3JdKRGzHow will this impact the price of Bitcoin & Cryptocurrencies?Crypto đşCrypto đťđ Global Crypto Market looks horrendous See slides 1 & 2 below & check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we give our commentary. Podcast links below⥠Anchor: https://bit.ly/3Po8eio⥠Spotify: https://spoti.fi/3y3Fapq⥠Google: https://bit.ly/3ysvrL0⥠Anghami: https://bit.ly/3AiLNp5⥠Podbean: https://bit.ly/3TqrsX1 đĽ Two UAE News (See slides)⥠Huobi announces partnership with Tafabot Software LLC (Dubai-based)⥠Zogi Labs : Zogi token launches on Cronos, BNB Chain & Ethereum.For slides click here: https://tinyurl.com/2p89c3ndLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â đ¨ Link here https://www.buymeacoffee.com/info36/w/6987 đ¨ Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin
Basic level explanation on CBDC, some of the points covered are belowContact information: info@blockchaindxb.comWebsite: www.blockchaindxb.comTo help support his channel: ⥠Buy me Coffee â Link here https://www.buymeacoffee.com/info36/w/6987 Link here https://www.buymeacoffee.com/info36 âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoinđ¨ Podcast information belowđ¨â˘What is CBDC, how does it work, and what role do Central Banks play in creating, managing and supply of money? General management of CBDC by Central Banksâ˘How does CBDC compare with cashâ˘Comparison between CBDC and Bitcoinâ˘Supply comparison between CBDC & Bitcoinâ˘How the issuance of CBDC is done?â˘Tracking of your money with CBDCâ˘Is CBDC going to be stablecoins?â˘How loans and interest will work with CBDCâ˘Central Banks working on privacy for CBDCâ˘Russia plans to back CBDC with goldâ˘Can CBDC cleverly manage supply by burning coins and help curb inflation?â˘Will CBDC use private key / public key/ Public addressâ˘Timeline of CBDC and how China used private companies to help spread adoption with the Olympics in mindâ˘Multiple CBDC and Central Bank of UAE part of itâ˘Will banks manage CBDC?â˘Will CBDC have smart contracting functionality?â˘Can you use CBDC without the internet by NFC?â˘Possibility of Insurance for CBDCâ˘Importance of customer support â˘How customer service and chargebacks can help mainstream adoptionâ˘Ethereum Improvement Proposal EIP 1559 (London hard fork) & can CBDC implement a similar strategy and curb inflationâ˘Beyond Blockchain tech to be used by Central Banks?â˘Bitcoin VS Central Bank Digital CurrenciesoOpensourceoPermissionlessoCensorship resistantoBorderlessoNeutraloPublicly verifiable â˘Game Changer: Central Bank Digital Currency if they make the source code open, build it on Open Blockchain and implement Zero Knowledge proof could pose a serious threat to existence to Bitcoin and cryptocurrenciesâ˘Benefits of CBDCoBank the unbankedoUser experience ď§Email/passwordď§Merge with private key but less strong cryptographyď§Ability to purchase without internetď§Subscription servicesoNegatives of CBDCď§State controlď§Easy to stop/censor transactionsâ˘David Chaum's project Tourbillion focuses on privacy for CBDC â˘Banks to update the ledger so that way Central Banks cannot have access to control transactionsâ˘Threat to stablecoinsâ˘Basic level explanation onoRetail CBDCoWholesale CBDCoMultiple CBDCâ˘Politics and politicians' Views on CBDCoRight Wing vs Left Wing View (USA)oConservativesâ vs Labor Party (UK)oBJP vs Congress (India)oIndia, Pakistan's view on CBDC (Very Pro CBDC) oChinaâs role in CBDCď§Launch ď§Peoples bank of China oRussiaâs stance on CBDCâ˘CBDC's role in MetaverseoIdeal use caseoBetter than cryptocurrency in the Metaverse?oSolves Scalability and offers a better user experience â˘Is CBDC Web 3.0?oExplanation of Web3.0oCBDC not Web3.0For feedback or suggestions please email info@blockchaindxb.com or info@area2071.com
08th Decđ Grayscale Investments the next Black Swan event for Crypto?âđťThings are getting worse for Grayscale Investments as data from on-chain analytics platform Coinglass show that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD. Data here https://lnkd.in/d3GZgfy8 Cointelegraph article gives detailed explanation as Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time https://lnkd.in/dYTQHchPđ¨ Decrypt posted yesterday that Hedge fund Fir Tree Capital is suing Grayscale over the latterâs BTC Trust product, which is trading at a 43% discount as of Tues. This is due to âpotential mismanagement conflicts of interestâ Fir Tree alleges that this is partly the result of Grayscale issuing âan immense numberâ between 2018 and 2021 without providing investors means of exiting their positions aside from selling shares to other investors the Main source via Bloomberg https://lnkd.in/dhSqxV23đ Spainâs Central Bank: Wholesale CBDCBanco de EspaĂąa said it intends to launch an experimental program to begin testing wholesale central bank digital currencies (CDBCs) & is seeking collaboration proposals from local finance and technology institutions. Info here https://lnkd.in/dXj8eRW6 Based on the article The bank will focus on three main areas- Program that seeks to simulate the movement of funds- Experiment with the liquidation of financial assets,- Analyze the benefits and drawbacks of introducing a wholesale CBDC to its current processes and infrastructureâ The application process closes on Jan. 31, 2023âđď¸ Check out Blockchain DXBâs Crypto & Coffee at 8 podcasts where we explain the Basics of Central Bank Digitial Currenciesđ Decentraland: Ugly Sweater As the holiday spirit starts Decentraland is hosting an Ugly Sweater Competition & the Contest will run until December 19, when the top 10 winners will get announced. The place to submit ugly wearables is via Google form here https://lnkd.in/dmTX5ryu Contestants can contestant can create an ugly holiday sweater and publish it on the official Decentraland Marketplace. DailyCoin article here has detailed information & criteria https://lnkd.in/djVySjfU đđťâł The Sandbox: GolfThe Sandbox has announced a collaboration with ALTAVA GROUP to feature a series of golf-themed experiences in ALTAVA Club House, the Korean Web3 luxury fashion brandâs 3Ă3 LAND in the Sandbox. More info via Twitter here https://lnkd.in/dRShmEwgđĽ Two UAE news( See slides for more info)⥠Xypher announces the launch of Blockchain research & consulting⥠Blockchain vs Current existing systemsâââPros / Conâs explained by Blockchain DXBFor slides click here: https://tinyurl.com/mvekvec9LinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â Link here https://www.buymeacoffee.com/info36/w/6987 Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin#blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin
07th Decđ¨ Bitcoin holders realized 14x more losses than profits recentlyđ 20th Oct 2021 Glassnode mentioned via Twitter 99.705% of the #Bitcoin supply is currently in profit. Fast forward to 6th Dec 2022 they mentioned via weekly insights âA Capital Resetâ that Bitcoin holders realized 14x more losses than profits recently. Technical analysis can be found here https://lnkd.in/e3s3cfXnđĽ CoinShares weekly blog via Medium states that assets under management in short-bitcoin products fell by US$27m last week. A minor sign of hope is that sentiment towards Bitcoin improved last week with inflows totalling US$11m. Article here that discusses the digital asset fund flows https://lnkd.in/eAcqYw3W⥠Seeking Alpha also states Bitcoin remains below the 200-day moving average in disconnect from US stocks. Currently lagging behind U.S. stocks, which are slowly starting to show signs of recovery following a protracted period of risk-off sentiment. Article here https://lnkd.in/eAcqYw3Wđ¨đź Peter Schiff a detractor of Bitcoin also chimed in and mentioned via Twitter #Bitcoin is not a threat to the dollar. Itâs only a threat to the net worth of those who buy it. He does make a valid point tbhđ§ CBDC update in NigeriaâA year ago Nigeria launched its Central Bank Digital Currency (CBDC) it has now capped cash withdrawals to get more people to go cashless. Nigeria has imposed limits on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira. Official information here https://lnkd.in/eyk9eZn8 The Central Bank of Nigeria (CBN) applied new limits on over-the-counter withdrawals at just âŚ100,000 ($225) per week for individuals and âŚ500,000 ($1,123) for businesses. đ These are some of the many drawbacks of CBDC & BLOCKDATA have released a report The State of CBDCs in 2022 It gives critical information on How central banks around the world are dealing with the knotty issue of CBDCs such as the United States, Russia, EU, Japan, Canada, India & more. It discusses companies partnering with central banks to issue CBDCs. https://lnkd.in/eYAVZAFmđĽ On Tuesday Chainlink (Chainlink Labs) started staking and 7 million LINK tokens were locked in the first 30 minutes. A total of $51 Million Inflow The program, which opens for general access on Dec. 8, lets people earn rewards in order to maintain the protocolâs performance and keep it more secure. Stakers will be unable to unlock or move their LINK rewards until the next version of the protocol is released. That is expected in 9â12 months More info via the blog here https://lnkd.in/e2hC6Drt As per the article via CoinDesk states Chainlink plans to scale up to 75 million LINK over time. Some 500 million tokens are currently in circulation. https://lnkd.in/eA-iTufETwo UAE News: (See slides)Who could be Satoshi Nakamoto? Why he matters & why he doesnât? explained by Blockchain DXBBitcoin Price Volatility ( Demand vs Supply ) explained by Blockchain DXB #backtobasicFor slides click here https://tinyurl.com/43z5s3avLinkedIn Profile: https://tinyurl.com/569zh78jTo help support his channel:âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee â Link here https://www.buymeacoffee.com/info36/w/6987 Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation âĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin #blockchain #blockchaindxb #dogecoin
06th Decemberđ¤ŁđŻ Crypto Price predictions are 100% right 50% of the time!đŚ Multinational giant Standard Chartered Bank considers potential downside for Bitcoin in 2023 as the cryptocurrency ecosystem weathers the collapse of FTX. Eric Robertsen weighed up a potential drop in Bitcoinâs value correlated with a surge in physical gold. Article by Bloomberg https://tinyurl.com/yckk6btz . It also states Nicholas Frappell, global head of institutional markets at ABC Refinery in Sydney that âGold will benefit going forward from the problems in crypto, with the sudden decline in confidence in the crypto ecosystem,âđ Peter Schiff in response to the article yesterday mentioned via Twitter #Bitcoin has far more downside risk than 70%. After such a decline Bitcoin will still be way over-priced, so $5,000 will not even be close to the bottom. Tweet here https://tinyurl.com/57cdedufđ Last week Mark Mobius told CNBC last week that he sees bitcoin falling to $10,000 in 2023 due to rising interest rates and tighter monetary policy from the U.S. Federal Reserve. Article here https://tinyurl.com/y5czxxruđ Meanwhile, an article by Cointelegraph states that renowned Venture capitalist and blockchain investor Tim Draper touted Bitcoin hitting $250,000 next year, According to him the FTX fiasco would lead to greater decentralization, adoption of BTC and increased self-custody by users.If you had $10,000 what would you invest in?- Gold- Bitcoin- Shitcoinsđ¨ Asian countries hate Bitcoin, Love for Central Bank Digital Currencies (CBDC)The State Bank of Pakistan (SBP) signed in new laws for Electronic Money Institutions (EMI), EMIs are non-bank entities that will be licensed by the State Bank of Pakistan (SBP) to issue e-Money for the purpose of digital payments. News via arabnews today here https://tinyurl.com/5n7jpfbvCointelegraph article states this is done to ensure the timely issuance of a CBDC in the next three years. In addition to timeline adherence for the CBDC launch, the regulations warrant preventive measures against money laundering and terror financing while considering consumer protection and reporting requirements. https://tinyurl.com/2p8memfxđ§ The regulations have been designed with the help of The World Bankâ Crypto Winter: Youâre Firedđ¨ Bybit & Swyftx have announced headcount reductions as crypto winter continues- Bybit: Official news via Twitter by CEO here Ben Zhou https://tinyurl.com/2k7t33ba The downsizing will be across the board.- Earlier today, Swyftx co-Founder and CEO Alex Harper sent the following note to all our team members after addressing colleagues at a town hall. Unfortunately, they are saying goodbye to 90 talented friends and colleagues. https://tinyurl.com/362nctacđĽ 2 UAE news (Slides)âĄDubai Future Labs signs agreements to drive innovation in aviation and logistics (Blockchain) DUBAI FUTURE FOUNDATION⥠UAE launches initiative to support top 100 start-upsFor slides: https://tinyurl.com/2p9cz7dkLinkedIn Profile: https://tinyurl.com/569zh78j To help support the channel click the links below âĄStartup Oi Link here: https://bit.ly/3f46zC5 ⥠Buy me Coffee âLink here https://www.buymeacoffee.com/info36/w/6987Link here https://www.buymeacoffee.com/info36 ⥠The Race Space Podcast đď¸Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_Podcast Hote: @george_crewePodcast Host: @black_incarnationâĄLeder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⥠Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⥠Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon #blockchain #blockchaindxb #dogecoin
Blockchain DXB & Garfield Griffiths, Spartan RaceHost: RA George Blockchain DXBGuest: Garfield Griffiths, Spartan RaceDate 26th October Time: 17:00 GSTGoogle Meet: Audio version Instagram: Garfield_griffiths_stuff https://tinyurl.com/4k9j9dzuEmail: Garfieldg@Spartan.com LinkedIn: https://www.linkedin.com/in/garfield-griffiths-73475a6/ Spartan Website: https://www.spartan.com/ Spartan World Championship Link: https://tinyurl.com/vs3due9z OR https://tinyurl.com/mry8tx6d Discount Code: WCAMB-6191A Summary of the conversationâ˘Garfield Griffiths shared his experience of getting into the Obstacle Course Race over a decade ago since 2011â˘Experience in events before getting into Obstacle Course Raceâ˘He shared his initial response and experience when he found out the World championship is taking place in Abu Dhabi in 2019â˘Travel experience before preparing for the event before the Covid 19 era & after the Covid19 eraâ˘His family experience doing Obstacle Course Race & the next generation of athletes getting into OCRâ˘Garfield shared his point of view, planning and approach to managing World Championship events all over the world.â˘Shared challenges in doing OCR events outside of the USAâ˘Time difference with USA and how it impacts planning & getting things done.â˘Cultural similarities and differences when arranging OCR events all around the worldâ˘Cultural similarities, differences & challenges when communicating with people & getting things done.â˘Garfield shared some of the challenges when doing the event in Liwa, Abu Dhabi last year in 2021â˘Travelling distance from the hotel to onsite in Liwa â˘Shared an interesting experience while camping in Liwa during the race days â˘Feedback from international athletes about the event â˘Garfield shared some wise advice for athletes visiting Abu Dhabi from the first time for the world championshipâ˘Importance of Gaiters while running in the Sand. â˘Sand Dunes and Hardpack for Running.â˘Shared some inside scoop on unique Obstacles at the eventâ˘He shared some interesting tips on how to prepare for the course.â˘Garfield also shared an idealistic timeframe for Pro athletesâ completion timeâ˘He shared information on Media and the possibility of live footage at the event.â˘Garfield shared information & experience of some other brutal racecourse events such as Utah, Romania & other places. â˘Garfield shared challenges from Supply chain management & how they impacted Liwa in 2021 & having backup plans is critical for such massive eventsâ˘Some heavy obstacles in the sand especially for Trifecta weekend.â˘Discussion on No Burpees â A massive change in Spartan Race â˘Garfield shared his dream location to have Spartan Race. Most likely Jamaica could be in the works for Spartan Race. Cuba is also another location where Spartan Race may be having an eventâ˘Next event with family in the Bahamas â˘Garfield shared his experience of doing OCR in Abu Dhabi and working in the sand is something uniqueâ˘He discussed the 3km distance at the World Championship & will give direction for future ambitions about Olympicsâ˘Garfield shares his choice in music, his passion as DJ, Old-school music, Frank Sinatra, EDM & Rave musicâ˘Garfield shared his passion for Cigars, how he got into cigars, his interesting understanding of the intricate details of cigars, & his hobby for cigars. For feedback or suggestion email: info@blockchaindxb.com or info@area2071.com
25th Nov đď¸ Metaverse Everythingđď¸ â Metaverse â word of the year in 2022? ⥠Oxford University Press mentioned via Twitter three options for word of the year in 2022 - Metaverse ( 36.9% vote) - #istandwith (14.2% vote) - Goblin Mode (49.% vote) With 3 days left to vote it would be interesting to see if Metaverse is the word of the year in 2022
đĄ Will the USA dominate the Metaverse industry? đ Semiconductors & Nano chips will play a crucial role in the Metaverse The White House Fact sheet: Chips & Science Act has some really useful information here https://lnkd.in/d5vDUGRD that may give the USA a competitive advantage in the Metaverse. U.S. Senator Maria Cantwell wrote some great things worth reading here https://lnkd.in/dfUJHXav. See slide & 4 & check out Blockchain DXB â Metaverse Everything Podcast here & listen to our commentary. ⥠Anchor: https://bit.ly/3Po8eio ⥠Spotify: https://spoti.fi/3y3Fapq ⥠Google: https://bit.ly/3ysvrL0 ⥠Podbean: https://bit.ly/3TqrsX1
đ Macro Level factors such as Geopolitical tension, Internal political conflict, Inflation/ Stagflation/Recession & Crypto downfall will impact the mainstream adoption of the Metaverse. đş Increase Adoption đť Delay pace of Adoption
5ď¸âŁ Metaverse news from Dubai đŻ Dubai Metaverse Strategy: The Next Phase! HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum mentioned via Twitter that he chaired the first meeting of the Higher Committee of Future Technology Development and Digital Economy tweet here https://lnkd.in/dJ3Q5JDJ More info via Government of Dubai Media Office https://lnkd.in/dpy2Tbpd
đđ Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) to organise the Youth Knowledge Forum in December. Under the patronage of HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum Via Zawya https://lnkd.in/dw5ky8vQ
âď¸ SITTF 2022 : Sharjah Tourism Metaverse to complement tourism & hospitality industries, say panellists at SITTF 2022 via Zawya https://lnkd.in/dbRHv_sT
đŚ Sygnum Bank, the worldâs first digital asset bank and first Swiss bank to open a hub in the metaverse Source: Unlock Blockchain https://lnkd.in/dn3bB48J
đâđť The PR Academy MENA held the regionâs first âCommunication in the Metaverse master class. More info here www.tpra.me & Module here https://lnkd.in/dE7kszAr
đ Deloitte Metaverse study estimates the metaverse could add $1.4 trillion Report here: https://lnkd.in/dJFU7usC
đŻ South African retailer GAME has announced its metaverse debuts through a Game-branded Roblox game
đ´ Hegraâs Tomb of Lihyan in AlUla is recreated in the metaverse Source The National News https://lnkd.in/dk_KESTZ
âď¸ AIR MILES Partners with Tokens.com and Metaverse Group to Become First Brand-agnostic Loyalty Program of the Metaverse Business Wire https://lnkd.in/dUAeiWqA
đ¤đť The Sandbox has announced the launch of new Land sales in the metaverse Source: TradingView https://lnkd.in/djQzwkCN
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
24th Nov đRole model Sam Bankman-Fried is speaking a The New York Times with the journalist Andrew Ross Sorkin at the DealBook Summit ânext Wednesday.â We wish him all the best for the next The Nobel Prize award & Academy of Motion Picture Arts and Sciences soon đŻ Political affiliations are protective + rewarding Tweet here https://lnkd.in/dNUyMXPv
đ¨ď¸ Left-leaning state of New York becomes the first US State to restrict Bitcoin mining. New York state governor Kathy Hochul for Congress has signed a moratorium on using fossil fuels to power Bitcoin mining operations in the region. Official info https://lnkd.in/dPZCU4Xp The new legislation aims to address environmental concerns in the state to balance its economic development and climate goals. Bloomberg article states a two-year ban targets fossil fuel-powered Bitcoin miners More info here https://lnkd.in/dfFcHEPE
đ Chainalysis Inc. has posted a series of Twitter threads that explains the downfall of FTX is likely to have a relatively smaller effect on the crypto ecosystem than the demise of Mt. Gox. Mt. Gox accounted for 10.9% of total service inflows in the 12 months before its collapse, vs 4.7% for FTX. https://lnkd.in/d9Zfdvrm BUT Mark Karpelès was subpoenaed by the U.S. Department of the Treasury Financial Crimes Enforcement Network to appear in Washington, D.C. to provide testimony on April 18, 2014
đš Aaveâs threat of new attack led by Avraham Eisenberg. Please check our podcast yesterday where we covered this in detail. Curve Financeâs native token CRV was also part of the attack NEWSBTC posted an article that states The Future Of Aave In Jeopardy? The âBad Debtâ attack on Aave was like the situation that led to the FTXâs collapse but Unlike FTX, as many users pointed out, everyone can access on-chain information about Eisenbergâs transactions, the state of the protocolâs finance, and the amount of bad debt it held on its balance sheet. https://lnkd.in/dzMy4Fq9
â Web3.0 + Self Sovereign indentity by ConsenSys , Infura & Uniswap Labs As per ConsenSys blog when you use Infura as your default remote procedure call (RPC) provider in MetaMask, it will collect your IP address and your Ethereum wallet address whenever you make a transaction. They have also given ways they will use your personal information here https://lnkd.in/dw-fB-Ri But if youâre using your own Ethereum node or a third-party RPC provider with MetaMask, ConsenSys says that âneither Infura nor MetaMask will collect your IP address or Ethereum wallet address.â
âď¸ Uniswap mentioned via its blog that it collected certain off-chain and on-chain data to improve user experience. âThat includes public on-chain data and limited off-chain data like device type, browser version, etc. Blog here https://lnkd.in/dhTv76Vx
đĽ 2 UAE news: (Slides) ⥠Dubai law firm Al Tamimi & Company launches first-of-its-kind NFT collection in MENA ⥠Central Bank Digital Currency episode by Blockchain DXB
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23rd Nov đ Curve DAO Token to the MđđN BUT What is the drama with Aave? Privacy coins to the đ
𤨠Curve DAO Token (CRV) was on a downtrend since last month the price has decreased by 58% over the past three weeks. An article by BeInCrypto article states there seems to be a coordinated attack against CRV going on right now. The attack is happening on the Aave protocol. Well-known trader Avraham Eisenberg allegedly has an $8 million short bet on CRV. Michael Egorov had $48 million of CRV supplied on Aave, which has a liquidation price of $0.259 CoinDesk article also states The token sank to a two-year low of 40 cents early Tuesday before quickly bouncing back to 53 cents. https://lnkd.in/dG8Re328
đťđş But as CRV faced Liquidation things are taking a turn and is up by 46% in the last 24 hours. According to data tracked by Glassnode The number of CRV held in centralized exchange wallets has increased by 70% to a record 148.9 million this month
â ď¸ Aave has mentioned via Twitter a series of useful information & they have mentioned In the coming days, they believe the Aave community and its contributors will initiate a discussion in response to this incident https://lnkd.in/dEWuuvRm
đ¨đźâđť Core Scientific The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments. Cointelegraph article states that it has warned of âsubstantial doubtâ they will be able to continue operations over the next 12 months given financial uncertainty. In its quarterly report filed with the U.S. Securities and Exchange Commission (SEC) on Nov. 22, the firm indicated it had accrued a net loss of $434.8 million over the third quarter of 2022. After net losses of $862 million in the second quarter, its total net losses for 2022 are sitting at $1.71 billion. Article here https://lnkd.in/d8JE6ipA & filings with SEC here https://lnkd.in/dPJbUpth
â˝ Saudi Arabiaâs 2â1 against Argentina causes Argentinaâs fan token to sink by 31% after FIFA World Cup Qatar 2022 loss against CoinGecko data showed that ARG token price was at $7.21 at kick-off, but because of the poor performance by Argentina soccer team saw the tokenâs price fell 31% to $4.96 by the end of the match. The details can be tracked here https://lnkd.in/dq-A2Esg
⥠Oxford University Press mentioned via Twitter three options for word of the year in 2022 - Metaverse ( 30.1% vote) - #istandwith ( 15.5% vote) - Goblin Mode (54.5% vote) With 6 days left to vote it would be interesting to see if Metaverse is the word of the year in 2022
đĽ Two UAE news: ( See slides) ⥠WooCommerce partners with HAYVN Pay to launch crypto payments ⥠Dubai Precious Metals conference highlights the importance of global sourcing integrity and the need for investment in technology (Blockchain) DMCC (Dubai Multi Commodities Centre)
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22nd Nov đĽ Crypto lender Genesis bankruptcy? đ¨ Stablecoins: A safe haven for cryptocurrency! Stablecoins account for 98.15% of the total crypto market volume. (Not ideal)
đťCrypto brokerage Genesis founded in 2013 is said to warn of Bankruptcy without funding. Bloomberg article states that Genesis executives spent the weekend seeking to line up financing. It is struggling to raise fresh cash for its lending unit, and itâs warning potential investors that it may need to file for bankruptcy if its efforts fail Article here https://lnkd.in/d4kJXUXR Legit or just FUD as the article does not mention any names. But where there is smoke there is always fire & there has been no tweet from their official Twitter account since the 16th.
đ Glassnode weekly insights here https://lnkd.in/dacJrpKd confirm uncertainty looms amongst whales and old hands. The FTX fallout has shaken the confidence and financial position of whales and Bitcoinâs old hands The weekly insights focus on: - Exchange outflows, which have continued to break historical records. - Whales who are more than likely underwater on their position in aggregate. -Long-term holders, are currently spending coins at a historically significant rate
đ CoinShares weekly blog via Medium states Short investment product inflows represented 75% of the total inflows & Ethereum saw the largest inflows on record into short-Ethereum investment products totalling US$14m. Blog here https://lnkd.in/djitgf4V
đŚJPMorgan Chase & Co. the banking behemoth plans to provide users with electronic transfers of virtual currencies via a global computer network Michael Kondoudis has mentioned via Twitter a snapshot of its application https://lnkd.in/d6uQ6jGD They have registered trademarks for: - Virtual currency transfer + exchange - Crypto payment processing - Virtual checking accounts - Financial services
đ° U-Today article mentions that JPMorgan proposed a Bitcoin-style payment system all the way back in 2013. In 2018, it filed a patent for a peer-to-peer payment system that would use blockchain for intra- and inter-bank settlements. https://lnkd.in/dCMVsKDJ
FTX update: đĄ US Senate committee has scheduled the FTX hearing for Dec. 1, U.S. U.S. Commodity Futures Trading Commission chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX. Tweet here https://lnkd.in/dBarHbZd Senate Ag Committee (Demorats + Republicans) will hold a hearing about the FTX collapse and the need for congressional action.
â OpenNode just tweeted that they have partnered with WooCommerce & it is officially a preferred #Bitcoin payment provider for the over FOUR MILLION merchants on the WooCommerce platform. OpenNode uses Lightning Network & makes it easy to accept bitcoin payments or send bitcoin payouts while gaining access to a global user base.
Two UAE news (See slides) For slides click here https://tinyurl.com/4eaetwz2
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon
đ Proof of Keys OR Proof of reserves for cryptocurrency exchange?
â Stable Coins account for 98.08% of the volume (Not ideal)
đ¨The 2nd line of the Bitcoin whitepaper ââŚâŚ.but the main benefits are lost if a trusted third party is still required to prevent double-spending.
đ´ Satoshi Nakamoto solved the âDouble Spendâ problem & using Cryotography+ Hashing Algorithm+ Mathematics Private key/Public key/ Public Address. Proof of Keys is the only way forward for Self Sovereign Identity.
⥠But as an industry should we focus on (Keeping in mind the user experience & convenience)
Proof of Keys
Proof of Reserves
đĄ Proof-of-Reserves Concept Pushes Proof-of-Solvency to the Forefront of Crypto Conversations
â Changpeng Zhao, CEO of Binance mentioned on Twitter that all crypto exchanges should do Merkle-tree proof-of-reserves. https://tinyurl.com/yc68mrcz
â But Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing âsecurity concerns.â A Series of concerning tweets with explanations can be seen here https://tinyurl.com/a65s9yp4
â What kind of security concerns could it possibly pose???
đŻ Analytics firm Nansen has gotten involved and the company is building a proof-of-reserves dashboard to display exchange reserves.
đď¸Global crypto market down to $802B: See slides 1 & 2 below for a detailed breakdown of #defi, #stablecoins, #privacycoins #smartcontracts & more. Check out the podcasts, link below
â¤ď¸đĄ India: Love/Hate mostly hate for crypto continues
đBitcoin.com published an article https://tinyurl.com/7mwdh5hd that states Binanceâs CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for its cryptocurrency exchange, citing a strict tax regime.
đ Nasdaq-listed cryptocurrency exchange Coinbase has a similar feel. CEO Brian Armstrong said in May that the firm disabled its support for the local payments system UPI âbecause of some informal pressure from the Reserve Bank of India (RBI) Bank of India.â
đťWhen Bitcoin reached an ATH in Jan for a brief moment 100% of Bitcoin addresses were in profit. End of the year More than 50% of Bitcoin addresses are at loss. IntoTheBlock states 24.56 million addresses of the total 47.85 million are below purchase price on their investments CoinDesk article states Most addresses holding bitcoin, the largest cryptocurrency, are now losing money, the first time thatâs happened since the start of the coronavirus-induced crash of March 2020. Article here https://tinyurl.com/28d2k8wx
đĽ Two UAE news: (Slides)
⥠Dubai free zone DMCC (Dubai Multi Commodities Centre) tokenizes gold trade through ComTech deal
⥠Dubai Future Academy announces the launch of 3 digital course
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18th Nov đď¸Metaverse Everythingđď¸ đ¨Central Bank Digital Currencies (CBDC) role in the Metaverse. While CBDC does have some reservations pertaining to Privacy, Centralization & monetary control it may be an ideal form of payment & medium of exchange in the Metaverse. See slides 5 & 6 below:
â What are your thoughts on CBDC in Metaverse? - Not ideal (Terrible) - Ideal - Not sure
đđ§ Check out Blockchain DXB upcoming standalone episode where we explain a few basics on CBDC
đđť Last two weeks we had three major macro-level events that have significantly impacted Cryptocurrencies & Blockchain Protocoles that are connected to Metaverse. The 24hr trading volume is below $1B (Metaverse related) See slide 1. What had the most impact? - Midterm elections - FTX - Inflation Numbers by Bureau of Labor Statistics
đ´ Dubai Government entities leading the Metaverse! âď¸ Dubai Chamber of Digital Economyâs metaverse academy received more than 150 applications Info here https://lnkd.in/dwNWPCWv
5ď¸âŁ Metaverse news from UAE & ME đšđ° Rekt Studios raises $1.5m as it plans to launch its first gaming metaverse. The funding round was backed by the blockchain and Web3 venture capital firm Cypher Capital Group Source: The National News https://lnkd.in/dw8gzsVm
đ Order a burger in the Metaverse! Pickl. and Commercial Bank International (CBI) served burgers from the Metaverse in a world-first digital-to-physical experience at GITEX GLOBAL. https://lnkd.in/dZUiCu-2
đ Report by Arthur D. Little: Metaverse presents some $13T opportunity for Midest telcos https://lnkd.in/djw7VstG
đ Microsoft talks mixed reality, Metaverse and âreimaginationâ at GESS Dubai 2022 education technology conference Source via official Twitter here https://lnkd.in/dR4jVhrs & https://lnkd.in/dtG7s7ez
đ Tolerance Day in Metaverse Prince Alwaleed BinTalal Al Saud, launched their latest innovative initiative on the metaverse, a centre that combines multiple virtual spaces to provide users with an unparalleled digital and cultural experience Source: Zawya, https://lnkd.in/dk7ZfCP8
5ď¸âŁ Metaverse news from the world đ Entire Country in Metaverse (Digital Twin) Tuvaluâs minister for justice, communication, and foreign affairs, Simon Kofe, made the announcement via a chilling digital address to leaders at COP27. https://lnkd.in/dgXiPERE
đź Pakistanâs 70-metre tower titled the âMinar-e-Pakistanâ is now entering the metaverse. Brought virtually to life by Eventcombo Source: Arabian Business https://lnkd.in/dzpwVN8y
đđť TRESemmĂŠ Pakistan enters the Metaverse Source: ParlayMe https://lnkd.in/d9vRHDAu
đ Apple plans a 3D World and Video Service for Its Mixed-Reality Headset Source: via Bloomberg https://lnkd.in/dibguMtm
đ YAHAHA raises $40 million for metaverse building tool Source: TechCrunch https://lnkd.in/d85d2dw5
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17th Nov ⥠Lightning Network NOT Blockchain: Adopting Bitcoin A Lightning Summit in El Salvador is in full swing at the Crowne Plaza Conference Center in the heart of San Salvador, the capital of El Salvador. Bitfinex & Tether.to CTO Paolo A. kicked off the freedom manifesto More info here https://lnkd.in/dUwT3gUT LIve stream available via YouTube here youtu.be/w2bkZbWYi_Q
âĄđĽ Legends of Lighntning Hackthon Coinpri just mentioned via LinkedIn that the African Bitcoin Conference would be held on December 5â7th, 2022 in Ghana. More info https://lnkd.in/ebVGHrzd. A must event with more than 70 experts will come to speak on the subject. Jack Dorsey former CEO of Twitter Ray Youssef, co-founder and CEO of Paxful, Alex Gladstein, CSO of the Human Rights Foundation, Elizabeth Stark, co-founder and CEO of Lightning Labs. A hackathon focusing on Wallet, Finance, Social, Media, Shopping, Gaming & more to help democratize Bitcoin will be at the event.
đ Gemini đą CoinDesk has just reported that crypto exchange Gemini suffers $485M rush of Outflows. Amid contagion fears Gemini suspended its yield-earning program, shaking usersâ confidence in the exchange Nansen reported that Gemini saw $485 million in net outflows in the past 24 hours, the largest among crypto exchanges. In the past seven days, Gemini experienced a total of $682 million in net outflows Article here https://lnkd.in/d9mMmyAu
đ§ Gemini also went down today for less than an hour afteraannouncing its lending partner was pausing withdrawals but it was due Amazon Web Services (AWS) EBS outage Official news via Twitter here https://lnkd.in/dh8n2Vuk They have reassured in a follow-up tweet âall customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any timeâ.
Circle USDC đ Binance BUSD Drama đâ Circle had to file a new registration statement with the U.S. Securities and Exchange Commission as there were miscalculations in its balance sheet. New filings here https://lnkd.in/dh_u85pV The new filings show a $3 billion loss on its balance sheets. The company explained that apart from the automatic conversions of its stablecoin to BUSD, another factor that influenced this error was the resounding crash of the FTX
đť Justin Beiber NFT #3001 Decrypt reports that Justin Bieber paid $1.3 Million for a Bored Ape Yacht Club NFT is now worth $69,000 Bored Ape Yacht Club NFTs are sinking in value this month, with the floor price now down 84% from the April peak. Can be seen here via OpenSea here https://lnkd.in/dZQtMQhH
đŻ Binance secures Financial Services Permission from Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) Official info here https://lnkd.in/dphjpMcN
đĽ Two UAE News: ( See slides) ⥠Dubai Chamber of Digital Economyâs metaverse academy receives more than 150 applications ⥠CTEX in partnership with the Office of His Highness Sheikh Hamdan bin Ahmed Al Maktoum Crypto Tex
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16th Nov: đĽ Federal Reserve Bank of New York launches a 12-week (Wholesale) CBDC pilot program with major banking giants! BNY Mellon, Citi, U.S. Bank HSBC, Mastercard, PNC Banks Trust and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot. A12-week proof-of-concept pilot for a central bank digital currency. Official news here https://lnkd.in/dGnGJbmh.
đŚ Important to note the findings of the pilot project will be released after it concludes.
đŁď¸ We at Blockchain DXB have an event via Eventbrite: Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 09th December
đ A Central bank that makes the source code of CBDC open source, builds it on an Open Blockchain & implements Zero Knowledge Proof could be an endgame for Bitcoin, Cryptocurrency. But why would they do that, they may as well implement Bitcoin with Lightning Network. Only two problems are ⥠Block Size ⥠Expensive
đŻ But a state can manage the expense by printing money out of thin air & deleting it (Sad/Funny but true). Bank act as validator nodes ( Update not Approve)
đ¨ Check out our standalone episode on Friday where we explore this area in detail.
đTrezor đ Ledger đ Trust Wallet đ Uniswap Labs đ Thanks to FTX & Sam Bankman-Fried Cryptocurrency investors have been increasingly moving to self-custody with software and hardware wallets
đ´ Cointelegraph has reported that https://lnkd.in/drBWgn8R - Trezor saw its sales revenue surge 300% week-on-week and itâs still growing - Ledger, a major rival hardware wallet supplier, has recorded a significant surge in demand for its devices recently as well đ´Decrypt has reported that https://lnkd.in/djFBMKU4 Trust Wallet Token Soars 47% as Binance CEO shills self-custody solution - Uniswap overtakes Coinbase as 2nd latest exchange trading #eth https://lnkd.in/dQvC-BXx
đ´ CNBC article explains what is Trust Wallet and why has it spiked 75% over the last 7 days. https://lnkd.in/dZNVEkMn
â˝ With FIFA World Cup Qatar 2022 about to begin in the next few days Binance has announced Cristiano Ronaldo will Launches First NFT Collection on the 18th. The new collection and mystery boxes will be available on Binance.com. The auction will remain open for 24 hours, with NFTs awarded to the highest bidder. Prices will start at 10,000 BUSD for SSR and 1,700 BUSD for SR.
â˝ Binance football Fever 2022: $1M Worth of Rewards and Win Exclusive Prizes Chiliz mentioned via Twitter that they have partnered with Binance to welcome the upcoming World Championship! All you need to do is to claim your NFT Passport http://bit.ly/BFT-Chiliz
đĽ Two UAE News: (See slides) - Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 09th Dec - PESTLER analysis on Bitcoin on the 09th Dec (Political, Economic, Social, Technological, Legal Environmental, Religious) session by Blockchain DXB
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15th Nov đĽ Bitcoin Cash (BCH) as legal tender in Caribbean nations St. Kitts and Nevis
đ´Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12. They also discuss BCH Global Merchant Adoption, a panel discussion. & quite a lot more You can watch the full video here via YouTube https://lnkd.in/dwsbBr7s
â Making any crypto a legal tender a good idea?
đ Crypto market is down to $838B, almost a 60% increase since the last 24 hours. See slides 1 & 2 & check out the Crypto & Coffee at 8 Podcast where we share our opinions.
âł The timeline of FTX downfall will definitely be in the movie intro someday. See the timeline here by CoinDesk link here https://lnkd.in/d_Gd7BDT
âď¸ .Swoosh in 2023 Apparel woke giant Nike has launched a new Web3 platform called .Swoosh it will offer Polygon-based NFT products. Decrypt reported that The .Swoosh platform is billed as the epicentre for Nikeâs digital efforts around Web3. Itâs designed to spotlight the brandâs NFTs and virtual apparel initiatives, including future ways for customers to become co-creators and share in digital product royalties. Article here https://lnkd.in/dK7VvXmi
đşOutflows đťInflows post-FTX drama Outflows: From exchanges to Wallet Bitcoin.com has reported that cryptocurrency enthusiasts have removed large quantities of bitcoin and ethereum from centralized trading platforms Seven-day statistics from CryptoQuant.com indicate that more than $3.4 billion in bitcoin has been removed from exchanges since Nov. 7, 2022. https://lnkd.in/dGMcaAfv
âWill this trend continue? â We are going to see alternate services that could pose a threat to ânot your keys, not your crypto?
đ˘ Glassnode weekly insights state the digital asset industry has experienced the most shocking insolvency of a custodian since Mt Gox and the response of Bitcoinâs strongest hands & Observations of the impacts to Bitcoinâs long-term holder conviction. Some deep technical analysis Glassnode Onchain Analysis on YouTube discusses Bitcoin on-chain market analysis. Article here https://lnkd.in/dsqtrkzF
đ¨Inflows: CoinShares weekly insights via Medium state that Investors see the FTX collapse as an opportunity with inflows totalling US$42m. Digital asset investment products saw the largest inflows for 14 weeks totalling US$42m. The inflows began later in the week on the back of extreme price weakness prompted by the FTX/Alameda collapse. Bitcoin was the primary focus with inflows totalling US$19m. Detailed info here https://lnkd.in/dV4Gz8Nk
â LinkedIn posts have been filled by â overnight crypto expertsâ to withdraw funds from exchanges & the promise of overhyped web3.0
đĽ Two UAE News: (See slides for more info) âĄW DubaiâââThe Palm: Luxury Hotel in Dubai Accepts Shiba Inu as Payment Method ⥠WadzPay and geidea team up to reimagine a cutting-edge payments experience for pilgrims
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đ Jan 3rd 2019: Proof of Keys by Trace Mayer đľđť David Chaum rolls out Privacy-Protecting CBDC Technology 𤯠LinkedIn: âEveryone is an expert on FTX nowâ
đ Proof of Keys: In 2019 Trace Mayer, A Bitcoin OG and HODLer of last resort launched Proof of Keys to emphasize sovereignty, privacy and Bitcoinâs cypherpunk ethos & the importance of Proof of Keys Bitcoin Magazine has a great video on YouTube a must-listen here https://lnkd.in/dJxgxWMf. If we had accepted it as an industry, could we have prevented the FTX collapse? â What happens to the transparency of Tether.to
đ´ Jan 3rd: By demanding and taking possession of their assets, individuals will learn very fast with blockchain proof whether they are part of the elite HODLers or not. Proof of Keys is the annual HODLer initiation. Cryptonews https://lnkd.in/d9Hm_nQc
đĽ Project Tourbillon: David Chaum the godfather of cryptography in research with Thomas Mose aims to reconcile these trade-offs by combining proven technologies such as blind signatures and mix networks with the latest research on cryptography and CBDC design The prototype could be ready by mid-2023. More info via Bank for International SettlementsâââBIS https://lnkd.in/dhEgg2tf
đ¨ What is Project Tourbillon: ⥠Prototype CBDC ⥠Cyber resiliency ⥠Scalability ⥠Privacy
đ´ CBDC focusing on privacy would be great! Solved the Unbanking problem & offers privacy. It could pose a threat to Ripple & Stablecoins such as Tether.to USDT, Circle USD & Binance BUSD?
đ The global crypto market cap is down $822.75B, the volume of all stablecoins is now $48.28B, See slides 1 & 2 below where we explore this in detail. Check our podcast where we share our points and opinions
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đĄ Bankman to Bankrupt
đ˘ Tweet by FTX on 07th Nov: â We have one of the highest revenue /profit/valuations per employee as any company in the worldâ
đ˘ Tweet on 11th Nov: FTX has filed for Chapter 11 bankruptcy for its more than 130 companies, including FTX.com, Alameda Research, and FTX US.
đŻ FTX experts on LinkedIn, please look at information from 1st source
𤨠Crypto.com accidentally sends 320,000 ETH from cold wallet to Gate.io, details here https://lnkd.in/dkZqV-iB How can such accidents occur?
𤨠A wallet address linked to the Huobi Global exchange was found transferring 10,000 ETH to Binance and OKX deposit wallets soon after releasing its asset snapshot. Blockchain investigator Colin Wu pointed out the transactions on Etherscan, which proves that Huobi had shown 14,858 ETH in its latest snapshot, which has since fallen down to 2,463.5 ETH at the time of writing.
đĽ 2 UAE news (slides ) ⥠Crypto Knowledge: Sharjah International Book Fair 2022 ⥠NFT: EX Sports strengthens partnership with Ju-Jitsu International Federation (JJIF) Federation
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11:11 Metaverse Everythingââââ Luxury watches dominating the Metaverse news for this week:
đĽśđť Impact of FTX, Mid-term elections & Inflation numbers on Metaverse: Check out our Podcast where we give our commentary. Podcast links below: ⥠Anchor: https://bit.ly/3Po8eio ⥠Spotify: https://spoti.fi/3y3Fapq ⥠Google: https://bit.ly/3ysvrL0 ⥠Anghami: https://bit.ly/3AiLNp5 ⥠Podbean: https://bit.ly/3TqrsX1
đ See slides 3 4, & 7 below we discuss: â What industries are currently having an impact by Metaverse? â Will the Metaverse economy be bigger than the Real World Economy? â Impact of FTX collapse on Metaverse & few areas where Blockchain & Cryptocurrency merges with Metaverse: â Will Stable Coins & Central Bank Digital Currencies be a better form of payment & medium f exchange
5ď¸âŁ Metaverse news from Dubai & UAE đĽ Abu Dhabi Global Market (ADGM) has launched a worldâs-first service that hosts mediation in the metaverse Source: Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠https://lnkd.in/dD_TdVU4
đ¨ DIFC event saw avatars of 41 start-up founders from DIFCâs 2022 FinTech Accelerator programme showcased as part of Investors Day: More info here https://lnkd.in/dC3-i7fj
â Chronoswiss AG has made its way to the UAE and has also the first luxury watch brand to set up shop in the metaverse Source: Arabian Business https://lnkd.in/dGabsr8q
â˝đđź QuantoPay welcomes football legends for the unveiling of a new Metaverse experience at Aleksral Avenue, a Cultural landmark in Dubai tickets for the event are here: https://lnkd.in/diwK2Scx
â Jacob & Co. offer Dubai edition watch in exchange for NFTs at metaverse nightclub VISION Source: Hotelier Middle East https://lnkd.in/dKMvgYUX
5ď¸âŁ Metaverse news from the world
ââ˝ Hublot unveils the largest metaverse football stadium ahead of FIFA World Cup Qatar 2022. Being the official timekeeper in the world of football, the luxury watchmaker has entered the metaverse with a virtual event space https://lnkd.in/dN94Y4CC
â Swiss luxury watchmaker ROLEX is looking to get in on the hype of Metaverse Source Michael Kondoudis tweet https://lnkd.in/dx_UkHTm
đ¤đť đ¤đťđ¤đťOzzfest in Decentraland â˘performances from Ozzy Osbourne, MotĂśrhead, Megadeth and Black Label Society, amongst others https://lnkd.in/dM-_ZNby
đĽ Lusail stadium: â˘A digital replica of Lusail Stadium in FIFA World Cup Qatar 2022âs virtual universe is part of the soccer organizationâs penchant FIFA Source: Bloomberg LP https://lnkd.in/dV5aaYNy
â NO NFT Metaverse in China: â˘Wuhan removes NFTs from metaverse plans amid regulatory trouble in China. Source CoinGeek & South China Morning Post SCMP https://lnkd.in/d4DN6J4F
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain
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10th Nov â Binance: NO DEAL with FTX, đ CPI numbers (Inflation) will be out later in the day & đ´đľRed Wave meets Blue Wall in midterm elections.
đ Changpeng Zhao mentioned via Twitter Sad day. Tried, but https://lnkd.in/djSsTNH3 & Binance's tweet clearly stated that they have decided not to pursue the potential acquisition of FTX
đą Bloomberg LP reported a few mins ago that FTX investors have been warned that the crypto exchange may be forced to file for bankruptcy protection if it doesn't get a cash infusion Article here https://lnkd.in/d7Vs5SSA
đŻ Simon Dixon yesterday has an excellent video talking about the emergency broadcast FTX Fall was live via LinkedIn & on YouTube https://lnkd.in/d_zcHrHV some really brilliant points as always
đ Global crypto market down to $792B See slides 1 & 2 for detailed information Tether.to USDT 24 trading volume of $143B with CPI numbers out in the next few hours how will this impact the price of Bitcoin & Cryptocurrencies?
⥠At such times it's crucial to remember the 2nd line of the Bitcoin white paper "........but the main benefits are lost if a trusted third party is still required to prevent double-spending.
đ¨ Bureau of Labor Statistics will release the CPI numbers at 08:30 am EST. They did mention via Twitter that Employmentâpopulation ratio was 60% in October 2022. https://lnkd.in/d9hCCCNV Details with specifics here https://lnkd.in/ddxMDvSK Does this mean USA is not in recession? Federal Bank Reserve Board in a previous meeting has assured that Labour Demand outweighs the Supply at the moment. In similar news, Meta has decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. Official info https://lnkd.in/dnGAiJTM
â What would be the Inflation? â How will it impact Bitcoin & Cryptocurrency?
đ With mid-term elections going on in the USA this week would be crazy for the economy & a severe impact on the price of Bitcoin & Cryptocurrencies.
đľ CNBC has stated that Dow closes more than 600 points lower after indecisive midterms, & crypto selloff. The Dow Jones Industrial Average fell 646.89 points, or about 1.95%, to 32,513.94. The decline was led by The Walt Disney Company, which fell 13.2% Artcile here https://lnkd.in/dgPAeAfj
đ´ CoinDesk article talks about What the US Midterm Electionsâ Lack of a âRed Waveâ Means for Crypto Definitely recommend listening to the podcast here https://lnkd.in/drA2nVam with host Nathaniel Whittemore
đľđ Left-leaning The Wall Street Journal also takes a jab at Left Leaning former multi-billionaire Sam Bankman-Fried who was one of the year's biggest Democratic donors who had a very bad Tuesday. Interesting article here https://lnkd.in/drCNiy94
đĽ Two UAE news: ( See slides) ⥠SoftConstruct opens the first-ever NFT stores in Dubai ⥠Dubai Fintech Summit: Mega FinTech event of 2023 organised by the (DIFC), 08th â 09th May 2023 Madinat Jumeriah Trescon
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âĄTough Mudder Arabia https://bit.ly/3rKGoDe Use Promo Code: George25 for a 25% discount Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #btc Please follow MetaDecrypt on social media to stay updated Instagram https://instagram.com/meta.decrypt?igshid=YmMyMTA2M2Y= Facebook https://www.facebook.com/profile.php?id=100082826757529 Twitter https://twitter.com/metadecryptco?s=11&t=0yyE_9z7z0uZQCeiEJEiCA Linked In https://www.linkedin.com/company/metadecrypt/
09th Nov đ´ Red Wave in Cryptocurrency đ´Red Wave in Midterm elections đ Binance intends to fully acquire FTX đ¨ Tether.to USD volume almost over $115B đĽ Over 50,676 bitcoins were seized by the U.S. Department of the Treasury
đ See slide1 & 2 for price info & our Podcast
đ¨đźâ𦱠Changpeng Zhao CEO of Binance mentioned via Twitter that FTX asked Binance for help as there is a significant liquidity crunch & they have signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch. Follow his thread for a detailed & informative post https://lnkd.in/dJpHKXNY Extreme Left Leaning Sam Bankman-Fried CEO of FTX has also confirmed the same via this Twitter post that they have come to an agreement on a strategic transaction with Binance. Info here https://lnkd.in/dyV5xAW7
đ The deal may have hiccups. CoinDesk has just published an article that regulators have tough powers to stop mergers that quash competition as FTX, Binance Deal Draws Antitrust Concern. Regulators across the world have the power to block major mergers if they fear they would limit market choice, and also have strict laws against anti-competitive behaviour A must read here: https://lnkd.in/dtQUJZvh
đ´đľ Red Wave ⥠CoinDesk has a great article that states crypto has prepared for a divided US Government, as Republican Rise. An interesting read https://lnkd.in/dGFTSy_C Check Blockchain DXB podcast we share our opinions on midterm elections and how they could affect Bitcoin, Blockchain & Cryptocurrencies
đđŽđť U.S. Department of the Treasury just announced that it seized over 50,676 bitcoin. The second-largest crypto recovery to date. Official info here https://lnkd.in/dDg3qGgv . The recovery is In connection with Silk Road dark web fraud. The article mentions Thanks to state-of-the-art cryptocurrency tracing and good old-fashioned police work, law enforcement located and recovered this impressive cache of crime proceeds. Will this # btc be put up for auction?
â 1inch Network Censoring transactions! Cointelegraph has reported https://lnkd.in/drtUAkxA that entrepreneur Brad mills have criticized DeFi for denying users access to decentralized exchanges (DEXs) due to various factors such as location and wallet content. He mentioned via Twitter some users of DeFi on Ethereum are being denied access to use decentralized exchanges based on things like your location & the contents of their wallet. Tweet here https://lnkd.in/dR3YP-wz This is Terrible news from Defi & Open Blockchain.
đđť Sergey Maslennikov, the chief communications officer at 1inch, told Cointelegraph that restricting wallets is part of their efforts to provide a safe and compliant community environment
đĽ Two UAE news: (See Slides) ⥠Abu Dhabi launches blockchain and cryptocurrency body Abu Dhabi Global Market (ADGM) BitOasis Crypto.com Binance ⥠UAE-based RAMZIQ Group announces the beginning of its operations globally ZENIQ Corp
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08th Nov đ¨ Crucial Week: CPI numbers + Midterm elections + FTX insolvency rumours?
đşđ Consumer Price Index will be out on 10th Nov, Inflation could severely impact the price of Bitcoin & Cryptocurrency. The official source to check CPI numbers is at Bureau of Labor Statistics website https://lnkd.in/dEteY4Dg Its is scheduled to be released on November 10, 2022, at 8:30 A.M. Eastern Time.
âHow will this CPI impact the price of Bitcoin & Cryptocurrencies?
â With midterm elections taking place on 08th how will the crypto react?
đ§ Check out the Blockchain DXB podcast we share opinions on this
⥠Glassnodeâs weekly insights state Bitcoin faces strong resistance as it approaches several key on-chain cost basis. The article talks about the USD wealth held by young coins is at an all-time low, representing only 10% of the network Realized Cap & new dashboard called HODL Wave Dynamics. Article here https://lnkd.in/ddt94UH3
⥠CoinShares weekly blogs via Medium discuss mixed sentiment following the FOMC announcement last week. The blog also confirms Digital asset investment products saw minor outflows totalling US$15.6m & Bitcoin saw outflows totalling US$13m for the week. With CPI numbers out on the 10th, how will this impact the inflow/outflow and the price of Bitcoin & Cryptocurrencies? Blog here https://lnkd.in/d7GE75X9
đĽ FTX What is going on?
đĽ Where there is fire there is smoke. Speculation mounted over the weekend about the solvency of extreme left-leaning billionaire Sam Bankman-Friedâs FTX crypto exchange. CoinDesk published the balance sheet of FTXâs sister company Alameda Research was loaded with FTXâs native exchange token FTT.
đŠ Tokens created out of thin air An article by Coindesk here https://lnkd.in/dXeREY3S states Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed. Much of it is the FTT token issued by FTX, another Bankman-Fried company. Cory Klippsten, CEO of investment platform Swan Bitcoin said âItâs fascinating to see that the majority of the net equity in the Alameda business is actually FTXâs own centrally controlled and printed-out-of-thin-air token,â
đ The turmoil surrounding the crypto exchange FTX exchange has made user withdrawal complaints amid major token movement. Rumours emerged about the former exchange becoming insolvent & holding an illiquid balance sheet.
đđť This news is also having an impact on Centralized blockchain Solana & NEWSBTC article states Solana Plunges 12%. Article here https://lnkd.in/dHipiThj They could easily stop users from selling again. Another article states Exchange Sees 47% Drop In On-Chain Balance https://lnkd.in/dWKcQeyb Check out our podcast to get out commentary on it.
đĽ Two UAE news: ( See slides) ⥠Fintech Abu Dhabi festival: Transforming the future of Finance 14th -18th November ⥠Decipher hosted by Algorand Foundation 28thâââ30th November
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb
07th Nov đ´đľđ Midterm elections & Cryptocurrencies what are the implications?
đ In an idealistic & perfect world Bitcoin should be Apolitical but till we get 100% separation of Money and the state, Politics and Politicians will have a significant impact on the price & user adoption of Bitcoin & Cryptocurrencies.
â What side of politics is in favour of Bitcoin, Freedom of speech and Open Blockchain? â What side of politics is in favour of Central Bank Digital Currencies?
đľ Bloomberg LP article states midterms may have big consequences for crypto & crypto enthusiasts may welcome Republican majorities in either chamber, as members of the GOP have often been some of their staunchest supporters and may push more aggressively to move bills that many in the industry have been asking for. Article here https://lnkd.in/dvFuUjRV
đľ The Wall Street Journal states crypto firms and their employees have poured $73 million into the 2022 elections, up from $13million in the 2020 cycle, according to research group OpenSecrets, which tracks political donations. The industry also spent $15 million on lobbying in the first nine months of this year, more than in the previous eight years combined. Article here https://lnkd.in/dpgC2Mwj
đ¨ Cointelegraph article feels that 38% of US voters will consider candidatesâ position on crypto in midterms This is based on research done by Grayscale Investments The survey was done by The Harris Poll 2,029 adults (aged 18 and over) Article here https://lnkd.in/dkqhiQP9
𼜠Coinbase Crypto Winter âď¸ Coinbase released its report for the third quarter of 2022 & its revenue is not impressive at all Official filings indicate revenue dipped by 50% from its last yearâs value due to fluctuations in trading activity & the firm lost about $545 million Official info https://lnkd.in/dKSnYrQT They have also issued a letter to their shareholders, can be accessed here https://lnkd.in/d9fEHXeB In the letter they have also mentioned about Crypto policy in the USA is at an inflection point & also said about DCCPA ie Digitial Commodities Consumer Protection act that could lead to meaningful regulation and clarity on the treatment of digital asset
â˝ Paulo Dybala brand ambassador for Solana -based soccer game Monkeyleague. The collaboration between MonkeyLeague and Dybala will see a range of future NFT releases for in-game assets, such as limited edition âMonkeyAthletesâ and âStadiumsâ. Official news via Medium blog here https://lnkd.in/djZwkWp5
đĽ Two UAE news: (See slides ) ⥠ADNOC Group and Siemens Energy to jointly develop blockchain-based technology ⥠CAPEX.com receives UAE license to offer crypto services
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đď¸ Metaverse Everythingđď¸ đ¨ Is Michael Porterâs Five Force Model still relevant in the Metaverse? See slides 3 & 4 where we share our thoughts taking into consideration of Inflation, Geopolitical chaos, the New World Order and Deglobalization. Listen to our Podcast here ⥠Anchor: https://bit.ly/3Po8eio ⥠Spotify: https://spoti.fi/3y3Fapq ⥠Google: https://bit.ly/3ysvrL0 ⥠Anghami: https://bit.ly/3AiLNp5 ⥠Podbean: https://bit.ly/3TqrsX1
đĽ Bernard Marr has an excellent article in Forbes where he shares The Top 5 Metaverse Trends In 2023. Informative article by him here https://lnkd.in/dtZurzpD Also his YouTube breaks down each area in detail here https://lnkd.in/dWT5i5gD
đ´đ Podcasting in Metaverse with Web3.0 elements. đŻ We at Blockchain DXB are currently working on Project Talk: Podcasting in Metaverse & plan to implement xx network by the OG David Chaum Keet.io by Bitfinex & Tether.to See slides 6 & 7 for more information.
đ° The ideal form of Payment/ Medium of exchange will be Bitcoin using Lightning Network & Monero (XMR)
5ď¸âŁ Metaverse news from the world đ¨ EY, one of the âbig fourâ accounting companies, is taking part of its software suite into the metaverse with Wavespace. Official info here https://lnkd.in/ds-McXFm
đĽ The Open Metaverse Alliance officially launched! The Website https://www.oma3.org/ Source for the article is via Decrypt https://lnkd.in/dbiJDb_b With Dapper Labs and The Sandbox among its ranks, OMA3 opens up membership amid a push for an interoperable Web3 world.
đ ZoidPay has announced the launch of ZETA, the first on-demand Metaverse Source Bitcoin.com https://lnkd.in/dm2fswE2
đľ Nokia now believes the metaverse will cause phones to become deprecated Source The Spokesman-Review https://lnkd.in/d9pY2nbe
đ´ China is bringing industrial policy to the metaverse Source Quartz: https://lnkd.in/dddq-Kns
5ď¸âŁ Metaverse news Dubai ⥠Emirati Livaat Verse DMCC announces the launching of the First Arab Verse Summit this coming 23rd of January. Source ITP Media Group https://lnkd.in/dTnGVN4T
đ Dubai-based Everdome.io announces first rocket launch in the metaverse Source Arabian Business https://lnkd.in/dWERyvG9
đ¨ Meta Eco Forum Maria Ivina, founder of Satori Me company is organising The Meta Eco Forum on November 11 Source: Khaleej Times https://lnkd.in/d-Mh7EqJ
đđ§ Blockchain DXBâ Ask me anything about Metaverse every Tuesday, We answer a list of 10 -12 questions about Metaverse. Podcast will be uploaded on all leading platforms
đĽâĄ Dubai Design Week announces a specially curated exhibition- Design in the Metaverse powered by MetaDecryptâââexploring how metaverse technology is pushing the boundaries of design. Source Dubai Design Week https://lnkd.in/d8EJYvYE
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03rd Nov đş Interest rate hike of 75 basis pointsđş Crypto market đť
đ¨ Federal Reserve Board chair Jerome Powell announced the interest rate hike, very strongly recommend looking at the information from 1st source here YouTube https://lnkd.in/dqiWQvS3 .
đĽ He mentioned the Labour Market demand strongly outweighs the Supple so a recession in the USA is most likely not going to happen soon. He also shared concern about high inflation in other parts of the world particularly a few parts of Europe & UK. A key point to note is The Committee anticipates that ongoing increases in the target range will be appropriate to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 per cent over time. He will also be meeting Bank for International SettlementsâââBIS in the future soon.
đ The global crypto market did dump temporarily, Flow Blockchain is up by 24% in the last 24 hours. See slides 1 & 2 & listen to our podcast for more info
đ Crypto Price influencers â Patrick Hansen, director of EU strategy and policy for Circleâs USDC mentioned via Twitter that Commenting on crypto assets in (social) media without disclosure and profiting from the effects of that will be considered market manipulation in the EU once Mica (Markets in Crypto Asset) is in force. His tweet here https://lnkd.in/d6B4fqch An official report by Mica here https://lnkd.in/dDKSXCrD
Tether.to đ Bloomberg LP Bloomberg LP on 31st mentioned Tether.to bank-fraud probe gets fresh look by Justice Department & Federal prosecutors in Manhattan are taking over the investigation As per the article US Attorney Damian Williams in Manhattan took over the inquiry in recent weeks. here https://lnkd.in/dBzUmNMj
đ´ Tether.to in a blog stated: The spreading of false information is the biggest threat to the cryptocurrency industry that currently exists. Bloomberg has proven themselves time and time again to be desperate for attention in an industry that they just do not understand. Blog here : Bloomberg Fishes Age-old News for Headlines https://lnkd.in/dtmjRPXr
đ¨ Drama on Stablecoins Bitcoin.com has stated that $3 Billion was erased from the dollar-pegged token economy, HUSD Depegs, and USDC Supply Drops 10% Circle had a valuation of around $47.20 billion 30 days ago and today, Could this be because of drama between Binance & Circle? We have been tracking this daily and the volume seen in the last two months are BUSD đş USDC đť
đ¨đźâ𦱠Binance CEO Changpeng Zhao doesnât see CBDC as a threat to Crypto. CZ spoke at the Web Summit in Lisbon on Nov. 2 about CBDCs and their role in the crypto industry. Article via Reuters https://lnkd.in/dYapurib
â Will CBDC pose a threat to Stablecoins & Ripple?
đĽ 2 UAE news: (See slides) ⥠DMCC (Dubai Multi Commodities Centre), South Korea set to boost ties for blockchain, Web3 ⥠Dubai Financial Services Authority Crypto Token regime comes into force
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Blockchain DXB & MetaDecrypt Host: RA George Blockchain DXB Guest: Richa Patil, CEO & Founder of MetaDecrypt Date 27th October Time: 18:00 GST Google Meet: Audio version Website: https://metadecrypt.co/ Email: richa@metadecrypt.co LinkedIn: https://www.linkedin.com/in/richa-patil-5771431b3/ LinkedIn MetaDecrypt: https://www.linkedin.com/company/metadecrypt/ Twitter: @metadecryptco https://twitter.com/MetaDecryptCo Telegram: https://web.telegram.org/k/#@Meta_Decrypt Instagram: meta.decrypt https://www.instagram.com/meta.decrypt/ Instagram: meta.decrypt https://www.instagram.com/p/CkXihK0ojRF/ Upcoming Event: "Design in the Metaverse" in Dubai Design Week at Dubai Design District. Registration link: https://www.eventbrite.com/e/design-in-the-metaverse-powered-by-metadecrypt-at-dubai-design-week-tickets-454913477457 Design in the metaverse powered by MetaDecrypt presents a masterclass:- building your virtual world using an unreal engine. The Leader of the Masterclass is Chetan Hansraj and Akash R. Registration Link: https://www.eventbrite.com/e/metaverse-masterclass-building-your-own-virtual-world-using-unreal-engine-tickets-456891915017
MetaDecrypt is an industry-leading Metaverse and Blockchain development company, with a team of 40+ skilled developers, certified blockchain architects, specialist consultants, and experienced creative professionals. Harnessing the power of big data and machine learning, we deliver Metaverse, NFTs, Cryptocurrency tokens, Custom enterprise, Main-Net and Public blockchain solutions for start-ups and corporations, streamlining the operations and ensuring maximum security.
Summary of the conversation ⢠Richa Patil is the CEO & Founder of MetaDecrypt ⢠Richa explained her education, and hands-on working experience in Cryptocurrency exchanges and with Cardano, Polkadot, Polygon and Zilliqa. ⢠She explained the motivation to move to Dubai and forming MetaDecrypt ⢠Explained articulately how MetaDecrypt helps businesses to transition to Blockchain & Metaverse ⢠She explained how MetaDecrypt helps businesses at different stages & the importance of having a Mentor. ⢠Richa shared her learning experience & challenges in the cryptocurrency, blockchain, Metaverse and Web3.0 space ⢠She shared her knowledge of the inner workings of the web3.0 space and how MetaDecrypt can help a business achieve the goals ⢠She pioneered & led her team for two phenomenal events at the Museum of the Future & shared key learnings from the session o MetaDecrypt Web 3.0 Summit o Dubai Metaverse Assembly ⢠She explained the reasoning for having the session and how people in Dubai, UAE and other parts of the world would have benefitted from these sessions. ⢠The event i.e., Metaverse Assembly also coincided with her & her mumâs birthday ⢠She also shared crucial information on Proof of attendance and how NFT merges with ticketing & aims to be a trendsetter in Dubai. ⢠Richa explained a massive event taking place in November and how it helps the web3.0 ecosystem o Event information can be found above ⢠She showed a keen interest in learning while she is becoming a pioneer in the industry ⢠Richa also shared her interesting choice of music & keen interest in Bollywood music.
For feedback or suggestion email: info@blockchaindxb.com or info@area2071.com
01st Nov đĽ Reserve Bank of India (RBI) pilots CBDC đ #dogecoin to the Moon
đ´đľđ Nine Banks to rule them all: eâš-W Indiaâs love-hate, mostly hate with cryptocurrencies continues but it has launched its first digital rupee pilot. Nine banks Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES BANK, IDFC FIRST Bank, and HSBC have been identified for participation in the pilot. The fact that nine banks are involved has a strong degree of Centralization.
đ¨ Official source here: https://lnkd.in/dF3KABXd The article mentions the first pilot in Digital RupeeâââRetail segment (eâš-R) ie Retail CBDC will be launched later this month in select locations in closed user groups comprising customers and merchants.
đĄ Wholesale CBDC could make life easier for Banks, Institutions but could have Bitcoin as a settlement layer network?
đśď¸ We at Blockchain DXB have a session this month where we explore Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse on the 17th of November. We also share information on different types of CBDC ie - Retail CBDC - Wholesale CBDC - Multiple CBDC
đ Global market info đ #dogecoin to the Moon & Defi 24hr volume only at $3.38B See slides 1 & 2 below for detailed information. Price via Messari CoinMarketCap, CoinGecko Podcast link here with our commentary here ⥠Anchor: https://bit.ly/3Po8eio ⥠Spotify: https://spoti.fi/3y3Fapq ⥠Google: https://bit.ly/3ysvrL0 ⥠Anghami: https://bit.ly/3AiLNp5 ⥠Podbean: https://bit.ly/3TqrsX1
â Tech info đ Glassnode weekly insights analyses how Bitcoin may be hammering out a near-textbook bear market floor, and what risks may lay on the road ahead. If you are into charts & graphs check out their weekly insights here https://lnkd.in/dV7dDUAB
đ¨ CoinShares weekly blog via Medium states the apathy continues with inflows of US$6.1m, but Bitcoin trading volumes doubled, Blockchain DXB also noticed a similar trend, especially over the weekend.
đ¨ The article mentions US and Germany were the only countries to see inflows which totalled US$13m and US$3.3m respectively. Brazil, Canada, Sweden and Switzerland saw outflows of US$10m in aggregate. Article here https://lnkd.in/dqSUsQ2z
âVerse Bitcoin.com has announced they are officially entering the public sale of VERSE VERSE will reward participants for buying, selling, storing, using, and learning about cryptocurrency, while supporting those who are seeking accessible onboarding into Bitcoin and DeFi. More information here https://lnkd.in/d4yWeXdX & official website https://www.getverse.com/
đĽ Two UAE news: (See slides for more info) Events by Blockchain DXB ⥠Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 03rd Novemberâââ17th November ⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 17th November
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31st Oct đBitcoin Whitepaper anniversary đ + Bitcoin Milkshake Theory 𼤠Intrest rate hike by Federal Reserve Board on 02nd Nov âđť
đ31st Oct 2008 Bitcoin Whitepaper anniversaryđ It was released exactly on this day đ Few questions? - The Bitcoin whitepaper was released on which website & who owned the domain name? - SHA 256 (Secure Hashing Algorithm) used by Bitcoin was invented by?
⥠Lightning Network to back the dollar (Bitcoin Milkshake theory a part of Dollar Milskake theory as originally popularised by Brent Johnson. đ¨ Bitcoin Magazine has a great article by Luke Mikic that talks about how The United States government is likely to back the dollar with bitcoin in order to protect its status as the issuer of the global reserve currency. Article here https://lnkd.in/dVwfr73V
đŚ As per the article, The Federal Reserve Bank of Cleveland seems to be paying close attention to these developments, as they recently published a paper titled, âThe Lightning Network: Turning Bitcoin Into Money .âhttps://lnkd.in/d3JdKRGz & The 18-page working paper by Anantha Krishna Divakaruni & Peter Zimmerman has some interesting points such as mixed evidence on increased centralization in the Lightning Network has improved its efficiency.
đĄ The findings also suggest that the off-chain netting benefits of the Lightning Network can help Bitcoin to scale and function better as a means of payment. But LN does solve the Blockchain Trilemma problem.
đ This weekâs interest rate hike is expected by the Federal Reserve Board Official release here https://lnkd.in/d3JdKRGz FOMC meeting is scheduled to take place on Wednesday
â How will this news impact the price of Bitcoin and Cryptocurrencies?
đ´ Three interesting articles to see a correlation this week between interest rate hikes & crypto market this week & the rest of the year are đ Cointelegraph article focuses on 5 things to know about Bitcoin this week. Article here https://lnkd.in/dgcJyQ7z - FOMC countdown enters final days - âClear double topâ sparks BTC downside talk - Too early to bottom - Supply shock risk highest since 2017 - Sentiment hits six-week highs with price
đ Barronâs article also shares information on Why This Week Brings Big Tests.https://tinyurl.com/47mv8jnn
đ CNBC article gives an indication that the year may end with a bullish market Article here https://lnkd.in/dzsZ652f
đŻ The Global crypto market with some strange changes in the last few days. See slides 1 & 2 below & check our podcast to get our commentary.
â #dogecoin to the moon as Twitter is free DOGE price rallied 98.5% in the last seven days following Elon Muskâs acquisition of Twitter Binance BNB hit ATH of $318.80 & the best performance since mid-August.
đĽ Two UAE news: ( See slides for more info) đ Elrow Dubai Partner With NFT Ticketing Provider SeatlabNFT Ryan Kenny đ Global Blockchain Congress event: 23rd & 24th November AgoraGroup
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28th Oct đď¸ Metaverse Everything đď¸ đ¨ AI-enabled NFT what role will they play in the Metaverse? Check out our podcast where we explore this, also see slide 2 where we share some information on OpenAI, starryai, Google AI & how it has turned all 10,000 Bored Ape Yacht Club NFTs into machine-made art.
Podcast link here with our commentary here ⥠Anchor: https://bit.ly/3Po8eio ⥠Spotify: https://spoti.fi/3y3Fapq ⥠Google: https://bit.ly/3ysvrL0 ⥠Anghami: https://bit.ly/3AiLNp5 ⥠Podbean: https://bit.ly/3TqrsX1
đ We also share potential threats to the mainstream adoption of Metaverse such as - Space Travel - Neuro Technology - War - Inflation/ Stagflation/Deflation & Deglobalization
đŻ âWe live in a world where having loads of information is not important. Having information from 1st source is.â -18181 Since Metaâs earning calls report everyone has become an expert in business overnight. We strongly recommend checking information from 1st source. Links to check Metaâs earnings report are here: https://lnkd.in/dmE6J_7p https://lnkd.in/dsnnE2ac https://lnkd.in/d74wHBWC
đĽ Top 5ď¸âŁ Metaverse from the Dubai đđťđ¸ Dubai to open the worldâs first metaverse nightclub, The new nightclub will be located at The H Hotel Dubai Source Arabian Business https://lnkd.in/dUErtcJK
⥠Leila Hurstel, Verse Estate offers a New facility to train companies in the metaverse, Web3 technology Source: Khaleej Times https://lnkd.in/dQgsd7gR
đĄ Exgoland is creating an environment for businesses based on Dubai Metaverseâs mission. Source Khaleej Times https://lnkd.in/dcfGDhRT
đśđ¸ Dubai-based Everdome.io announces first original metaverse soundtrack set to release in 2023 Source Instagram post-https://lnkd.in/dq5Kdnz4
đ¨đ Dubai Metaverse Strategy Update: Details can be found here: https://lnkd.in/dHKNjUba UAE Government Media Office DUBAI FUTURE FOUNDATION Museum of the Future HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum
đŻ Check out Blockchain DXB podcast on Dubai Metaverse Strategy released on July 26th via Spotify here https://lnkd.in/d3N7Cp28
Top 5ď¸âŁ Metaverse from the world đ Gucci has launched an experimental space for NFTs, vintage items and emerging creators in The Sandbox Source: https://lnkd.in/d4kivpkK
𤧠Evan Spiegel, founder and chief executive of Snap Inc. a detractor for Metaverse. He shared his opinion at a tech conference hosted by The Wall Street Journal on Tuesday Source: https://lnkd.in/dg9VhbeA
đĄđ LandVault has completed the building of 100 million square feet of virtual real estate. Source Zawya https://lnkd.in/dxGHfCAQ
đ Cricketing legend Virat Kohli has entered the metaverse & has an exclusive partnership with FanCraze. Source ESPNCrickinfo https://lnkd.in/ddAwEi_n & Instagram post-https://lnkd.in/div-CfE9
đśď¸ Meta Oculus Quest Pro is now available for purchase on October 25 for $1,499.99 USD https://lnkd.in/d-yJGRpv
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27th Oct đĽ Multiple Central Bank Digital Currencies (MCBDC) pilots: A real value CBDC transactions across borders đ¨ Global crypto market cap touches $1.00T thanks to Tether.to USDT? but Defi volumes are low đ #Dogecoin to the Moon
â Bank for International SettlementsâââBIS has released a report called as Project mBridge: Connecting economies through CBDC. A joint report by the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority (HKMA), the Bank of Thailand, the Digital Currency Institute of the Peopleâs Bank of China and the Central Bank of The UAE Report here https://lnkd.in/d-7-2dJU The 50-page document gives detailed information & shares pilot transactions statistics & also has suggestions for improvement.
đ The article has crucial information on implementing Zero-knowledge proof & teams are in the process of evaluating zero-knowledge proof methodologies to enforce stronger privacy against arbitrary central bank validators.
â Will CBDC pose a threat to Stablecoins & Ripple? â Is Retail CBDC an ideal form of payment in the Metaverse? âIf CBDC were to make the source code open, built it on Open Blockchain & implement Zero-knowledge proof do we need cryptocurrencies?
đŻ We at Blockchain DXB have an event on Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- on the 17th of November.
đť Metaâs Metaverse Division Reports $3.67 Billion Quarterly Loss The official earnings report here https://lnkd.in/dmE6J_7p states that Metaâs overall third-quarter losses are $600 million more than expected. Official info is here https://lnkd.in/dsnnE2ac & Meta Reports Third Quarter 2022 results here https://lnkd.in/d74wHBWC
đ Dogecoin to the Moon! Dogecoin Soars as Elon Muskâs Twitter deal nears completion The billionaire entrepreneur is supposed to close his purchase of the social media platform on Friday. CEO of Tesla, SpaceX & Neuralink $44 Billion deal is supposed to close Friday.
đ° Reddit, Inc. NFT volumes at All time high! CoinDesk has reported that Reddit NFT trading volume hits an all-time high as wallet holders near 3 million. The article states the trading volume of Reddit NFT avatars eclipsed $1.5 million in 24 hours on Oct. 24, according to data from Polygon and Dune Analytics. The daily sales volume of Reddit NFTs also hit a new all-time high of 3,780 digital collectables traded. These avatars are created by independent artists and minted on the Polygon blockchain. Article here https://lnkd.in/d5_p2VMf
đĽ Two UAE news: đĄ Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 03rd Novemberâââ17th November đĄ Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 17th November
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26th Oct ⥠Lightning Network NOT Blockchain đ´ dubai. METAVERSE on sale for 1200ETH đ¨ MakerDAO + Coinbase + Circle USDC đŚ Western Unionâs digital offerings far beyond remittances đ Global crypto market up by 68.72% (See slides 1 & 2)
⥠Lightning Network (LN) NOT Blockchain is gaining a lot of momentum in the Bitcoin maximalist & crypto community. We at Blockchain DXB will be releasing a series of six episodes explaining Lightning Network at three different levels - Beginner Level - Advanced Level - Technical Level
â Mainstream adoption of LN may not be lightening years away as Cash App adds support for Bitcoin Lightning Network & the website states You can use Lightning to send and receive bitcoin on Cash App. The article here https://lnkd.in/dJ_n4rwG explains brilliantly how to send & receive using LN. The article mentions there is a limit of up to $999 in bitcoin every 7 days using the Lightning Network. But it excluding residents of the Extreme Left Leaning state of New York.
âĄBitcoin Visuals dashboard with charts and statistics on nodes, channels, capacity, distance measures, and completeness measures provide some useful information here https://lnkd.in/d_9j6AZh
đŻ MakerDAO community votes to approve custody of $1.6B in Circle USDC with Coinbase The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime. The Official announcement via Twitter https://lnkd.in/dXJm_RFt Coinbase blog stated that the MakerDAO community voted to approve the proposal & e funds will be kept safe, secure, and accessible 24/7/365 to the DAO Peg Stability Module. Blog here https://lnkd.in/d2UiV3mH
đĄ Michael Kondoudis mentioned via Twitter that Western Union has filed 3 trademark applications Tweet here has detailed information https://lnkd.in/dYDj-dar Cointelegraph article states Trademark applications seem to hint at an asset and commodities exchange, insurance, and Western Unionâs own token as it faces increasingly diverse competition in the remittances market.
â Remittances are becoming a competitive environment. Bitcoin solves all of this in an instant. Blockchain DXB has video on YouTube where we explain Bitcoin Basics: Definition of Bitcoin â A Peer To Peer Electronic Cash Systemâ
đ Web3.0 hype: dubai. METAVERSE on sale for 1200ETH Quik offers a Registry of .metaverse â¤web3 and 8 Other NFT Domain TLDs. It serves as the portal of entry to this decentralized feature of the decentralized future by offering an exclusive registry of the .metaverse domains and .web3 domain extensions as well as 8 other NFT domain TLDs, giving users a broad range of choices for establishing their decentralized existence. Info here via Bitcoin Inc. https://lnkd.in/dddcaYb5
đĽ Two UAE News: (See slides ) ⥠GuyWay Events leads New World WEB3 investment and trading dialogue in Dubai with a series of events âĄBitOasis and Mastercard unveil crypto-linked payment cards in the Mena region
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
25th Oct âĄCrypto-friendly UK Prime Minister Rishi Sunakâ đ¨ PESTLER analysis on Bitcoin on the 11th of November (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB (Slides below) đ¨ Metaverse: The Hype, Reality & New World Order by Blockchain DXB 11th of November (Slides below) đĽ Klaytn Blockchain is up by 13.59%
â UK Prime Minister Rishi Sunak is an advocate for Bitcoin, & Cryptocurrency & in April of this year set out a plan to make the UK a global crypto-asset technology hub & would see Stablecoins recognised as a valid form of payment as part of wider plans to make Britain a global hub for crypto asset technology & investment. The press release can be seen here https://lnkd.in/dBMgkNry
đ´đľđ Is Bitcoin Apolitical? Which side of a political party is in favour of Bitcoin, freedom of speech, and Open-source crypto adoption? - Right Wing vs Left wing (USA) - Conservative vs Labour (UK) - BJP vs Congress (India) Once there is 100% separation of money and state the future of Bitcoin will solely depend on Hashing Algorithm, Cryptography & Mathematics
đ What is Klaytn?âââCoinMarketCap â A metaverse blockchain for all A public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore. Details can be found at https://lnkd.in/d2K-_adi
đĄ An end-to-end metaverse developer package but at what cost? What about Blockchain Trilemma? Does it compromise on Scalability, Decentralization or Security? It was developed and launched in June 2019 by GroundX
đď¸ Checkout out the Blockchain DXB podcast, we share more information on this. Podcast links below - Anchor: https://bit.ly/3Po8eio - Spotify: https://spoti.fi/3y3Fapq - Google: https://bit.ly/3ysvrL0 - Anghami: https://bit.ly/3AiLNp5 - Podbean: https://bit.ly/3TqrsX1
â˝đ Bitget announced Lionel Messi as its brand ambassadorđĽ In this historic engagement, Bitget will team up with Messi to explore the areas of Web3, cryptocurrency and football Official news by the team via Twitter here https://lnkd.in/dkAWSNRY Perfect move with FIFA World Cup Qatar 2022 this news gets a lot of news & attention FIFA
đ ď¸ Tech Info đĄ Glassnode insights state volatility of Bitcoin markets compress to historical lows the article covers the $1.5B overhang of a miner deleveraging, weak on-chain activity, persistent draining of crypto exchanges, and unwavering HODLer conviction. https://lnkd.in/dgAtJ6Yk
đĄ CoinShares weekly blog via Medium confirms investor apathy continues & Investment product volumes were US$758m, the lowest since October 2020 and far off the average of US$7bn a week seen this time last year. For Bitcoin, October represents the largest outflow on record of US$15m https://lnkd.in/dBnviMwE
Two UAE News: (See slides below)
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24th Oct 𼜠Winter is coming â Horrid global crypto market volume continues over the weekend đť#Defiâââ$2.45B đť#stablecoinsâââ$37.74
đ¨ See slides 1 & 2 & Checkout out the Blockchain DXB podcast to get commentary on the price & two pieces of news from UAE & AMA. Podcast links below - Anchor: https://bit.ly/3Po8eio - Spotify: https://spoti.fi/3y3Fapq - Google: https://bit.ly/3ysvrL0 - Anghami: https://bit.ly/3AiLNp5 - Podbean: https://bit.ly/3TqrsX1
â Is Bitcoin/ Cryptocurrency Apolitical? Right Wing đ Left Wing who supports Bitcoin, Freedom of Speech, Opensource & Innovation?
đŤ Multibillionaire & Extreme Left-leaning Sam Bankman-Fried, CEO of FTX has come under fire by the crypto community for comments that could imply that he is in favour of censoring DeFi protocols. Decrypt article states that Sam Bankman-Fried Pitches âSanctions, Allowlists and Blacklistsâ in Crypto https://bit.ly/3TKYLnE He also shared his thoughts on thoughts on crypto regulation via Twitter A document that contains a draft of a set of standards that we as an industry could enact to create clarity and protect customers while waiting for full federal regulatory regimes. Info here https://bit.ly/3DpcF9L
đś The Atlantic article states He spent millions in support of Joe Bidenâs presidential campaign and was one of the biggest Democratic donors in the country in the lead-up to this yearâs midterm elections. The article states. The billionaire Sam Bankman-Fried isnât putting his money where his mouth is. Article here https://bit.ly/3SpwkKR CNBC article also states FTXâs Sam Bankman-Fried backs down from âdumb quoteâ about giving $1 billion to political races https://cnb.cx/3gAxC8t
â While he is focusing on censoring transactions, itâs important to remember the Centralized blockchain protocol #Solana has often stopped producing blocks on several occasions. CoinDesk has an excellent article explaining crypto means absolutely nothing without censorship resistance.
đ´ See the slides below where we discuss the pillars of open blockchain popularized by Andreas M. Antonopoulos.
đ Web3.0: Hype vs Reality NASSCOM published a report that states India has emerged as a leading global player in the Web3 market. According to the report, Web3 investments in the country grew 37 times from the start of 2020 to Q1 2022 and $1.1 trillion in Web3 economic value is projected to be added to Indiaâs GDP by 2032. Info here https://bit.ly/3MWbT7k
đŻđ¤¨ Tether.to announced via its blog post that Tether USDT will be available in over 24,000 ATMs across Brazil on 3 November. They are doing that in partnership with SmartPay. Smartpayâs integration of USD⎠into its product will provide millions of people with the opportunity and access to the digital currency ecosystem and new financial revolution. Blog here https://lnkd.in/dhGDa-QY
đĽ Two UAE news: (See slides) đĄ Arabblockchainweek: Event info 11thâââ18th Nov đĄ Pillars of Open Blockchain explained by Blockchain DXB
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Blockchain DXB & Parallel Office Host: RA George Blockchain DXB Guest: Gregor Maric, CEO & Founder of Parallel Office Date 18th October Time: 12:30pm GST Google Meet: Audio version Website: https://www.paralleloffice.io/ Email: gregor@paralleloffice.io LinkedIn: https://www.linkedin.com/in/maricgregor/ Twitter: https://twitter.com/GregorMaric Linktree: https://linktr.ee/gregormaric To request a whitelist: https://www.paralleloffice.io/token Parallel Office Whitepaper: https://www.paralleloffice.io/_files/ugd/822f1b_290c7e3a6e84448c94917ba6f953659f.pdf Discord: https://discord.com/invite/npxgJEXcgZ YouTube: https://www.youtube.com/channel/UCMAajUaFA038CNkFjozDQvQ Instagram: https://www.instagram.com/paralleloffice_official/ Parallel Office Twitter: https://twitter.com/metaversePO
Summary of the conversation ⢠Gregor Maric is the CEO & Founder of Parallel Office. He has strong technical & business experience in cryptocurrencies, blockchain & the Metaverse industry. ⢠He shared the importance of having an Immersive experience in Metaverse. ⢠He shared his work experience in digital transformation as a consultant working with Fortune 500 companies. ⢠He shared the views businesses have regarding Blockchain technology. ⢠He shared his motivation to start his own business and how he wants to be on par with the industry. ⢠He has a few YouTube channels that help with automation (the link is here https://linktr.ee/gregormaric ) ⢠He shared what the current Metaverse Standard is lacking and why it is important to have an Immersive experience in Metaverse. ⢠He shared information on how Parallel Office is building an immersive experience in a business environment. ⢠He shared his vision to build a Decentralized Metaverse & Service as a solution for businesses. ⢠He informed me how Parallel Office is planning to merge with Web3.0 & which they are currently building on the Ethereum network. ⢠He shared information about Parallel Officeâs white paper, the tokens and quite a lot more. ⢠He explained the benefits of being an early adopter of Parallel Office & more. ⢠He explained the decision-making of building on Ethereum. Speed and Cost are the key considerations for building via Ethereum. ⢠He shared what other businesses can do & what is the key metric to look at when selecting a Blockchain platform/protocol. ⢠He shared the challenges faced by Parallel Office particularly user resistance & adoption in Metaverse. ⢠He expressed a general lack of technical knowledge & know-how in the Metaverse industry. ⢠He shared the impact of Facebook changing its name to Meta and the impact it has had on the industry. ⢠He explained how Parallel Office is having a competitive advantage over the competitors by having an Immersive Experience. ⢠He discussed how Parallel Office is planning to move from Centralization to Decentralization. ⢠He explained the challenges faced from the user's point of point, the lack of the number of daily active users and how they are tackling it. ⢠He shared the vision of Parallel Office & funding raising in the USA. He expressed interest in the Asian market & ease of doing business in the region. ⢠He informed that other cities such as Dubai are doing right by offering the right support in the cryptocurrency, blockchain & metaverse industry ⢠He also shared crucial information about the free consultation Parallel Office offers and the need analysis done by the company to fully understand clientsâ requirements and offer services based on their use case. ⢠He also expressed positive things done by Metaverse Standards Forum. ⢠He explained how Metaverse Standards Forum is helping Standardization & Interoperability. ⢠He also offered advice to improve performance & keeping pace with the industry. ⢠He recommends why businesses should get into Metaverse and what crucial things need to be considered before starting the journey in the Metaverse. ⢠He stressed the importance of being in the right location such as
Blockchain DXB & Metaverse Standards Forum Host: RA George Blockchain DXB Guest: Victor Madueno, Metaverse Standards Forum Date 17th October Time: 15:00pm EST Google Meet: Audio version Metaverse Standards Forum details Website: https://metaverse-standards.org/ Twitter: https://twitter.com/metaverse_forum LinkedIn : https://www.linkedin.com/company/86618224/ Victor Madueno, Web3 and Metaverse regional director at Epam https://www.victormadueno.com/ Twitter: https://twitter.com/victormadueno Website: https://www.datamuv.com/ Datamuv LinkedIn: https://www.linkedin.com/company/datamuv/ Personal LinkedIn: https://www.linkedin.com/in/victormadueno/ Email: victor@datamuv.com Event speaking Victor Madueno is speaking at: The Real Reality and Ease of Doing Commerce in the Metaverse on 15th November Can attend via LinkedIn here https://www.linkedin.com/events/therealrealityandeaseofdoingcom6988847434823004160/about/
Summary of the conversation ⢠Victor Madueno is a prolific speaker and expert in his field. He has won several awards as a Business Consultant ⢠In this episode, he shares interesting representing Metaverse Standards Forum ⢠He shared his experience on how he got involved in the Cryptocurrency, Blockchain & Metaverse space ⢠He shared his passion for digital space & his professional experience in the industry ⢠He has done a Blockchain course at the Massachusetts Institute of Technology ⢠He shared the different phases in the cryptocurrency industry from the ICO craze to Defi Hype, NFT & Metaverse ⢠He shared how Metaverse Standards Forum is helping in shaping the industry in a common space ⢠The plans of the Metaverse Standards Forum & the strategic role it would play in the Metaverse industry ⢠He shared information on work groups & how to participate in the Metaverse Standards Forums ⢠He explained what the Metaverse Standards Forum is. ⢠What problem is it trying to solve ⢠He shared crucial information on Standardization & Interoperability and how the Metaverse Standards forum is helping shape the industry ⢠He informed me how smart contracts, NFTs, and Blockchain merge & why it is critical to be interoperable in the Metaverse ⢠He shared the importance of having standards & how it impacts the future ⢠He explained how Standardization helps with Interoperability in the Metaverse ⢠He explained how it helps for a smooth user experience ⢠He shared some technical information on how Metaverse Standards Forum help the industry ⢠He shared important information on Standard Developing Organization & the role Metaverse Standards Forum plays ⢠He discussed information about the working group announced in September and the inner workings of the Metaverse Standards Forum ⢠He shared his thoughts on world-class Metaverse events in Dubai & Abu Dhabi and the initiative taken to get top talents from all over the world into UAE ⢠He shared the importance of having standards concerning safety and security in the Metaverse ⢠He offered some positive & strong advice to businesses trying to get into Metaverse ⢠He talked about some crucial information on Self sovereign identity and how it will play a crucial role in Web3.0 and in the Metaverse industry ⢠He informed the time preference of the Metaverse industry & how it is connected to the Metaverse Standards Forum & what it does to offer standardization ⢠He stressed the importance of building things in the Metaverse ⢠He informed the key members who are part of the Metaverse Standards Forum & how anyone can join the MSF ⢠He shares his choice of music For feedback or suggestion email: info@blockchaindxb.com or info@area2071.com
21st Oct đď¸ Metaverse Everythingđď¸ Are we Metaverse ready? 10X Immersive experience is a Must for mainstream adoption of Metaverse. Payments in the Metaverse
đŻ 10X Immersive experience in the Metaverse We at Blockchain DXB share the importance of Self-Sovereign Identity & Apps/ Dapps built around it for an effective metaverse experience. See slide 4 below we discuss the importance of a 10X immersive experience in the Metaverse. We strongly feel WhatsApp offers a 10x better experience than just a mobile phone. email to regular post has 10x better experience.
đď¸ Metaverse experience has to offer 10X better user experience for users onboard. Is the user experience in Decentraland & The Sandbox 10x better? What about Roblox?
âĄLightning Network NOT Blockchain in Metaverse đĽ Bitcoin is a 10X better form of money but the user experience is horrendous. BUT Lightning Network makes a perfect use case as the ideal form of payment in Metaverse. See slides 6 & 7 we share information on Subscription & Buy now pay later in the metaverse - Bitcoin Lightning Network - Tokens/ XRP - CBDC & MCBDC - Stablecoins - Fiat Currencies
5ď¸âŁ Metaverse news from Dubai & UAE đ du and Dubai RTA presents Digital Twin as a gateway to the metaverse Source ITP Media Group https://bit.ly/3yZcf7v
đŽđťđ Ajman Police General Headquarters has become the first police agency to provide its services to customers through Metaverse Source Khaleej Times https://bit.ly/3eK7Oqd
đ AMA by Blockchain DXB Effective November the Metaverse Everything podcast gives listeners the option to ask any questions regarding Metaverse. The session will be live via Meta Quest: Rooftop 42
đĽ Biometaverse: Medcare Hospitals & Medical Centres with operations in Dubai and Sharjah have launched their first hospital in the metaverse. Source Zawya https://bit.ly/3TDcRrg
đŚ Commercial Bank International announced the official launch of their metaverse location. The virtual location is now open for visitors and can be found in Decentraland at cbi.dcl.eth or (63, -127) using the Decentraland map coordinates Source Gulf News https://bit.ly/3MNDmIa
5ď¸âŁ Metaverse news from the world đ¨ INTERPOL launches first global police metaverse at Delhi conference Source Hindustan Times https://bit.ly/3VOlfWP
đĽ Pakistan is all set to enter the metaverse with the countryâs first mega Web3 project Source dawn https://bit.ly/3yUTvWw The Cloud City Metaverse
đ¨đźâđ¤ Popular Arab singers feature in the metaverse concert on October 20 Source & tickets were available via Platinumlist Tickets https://bit.ly/3VJpYZD
đ Kraft Foods secures trademarks to enter the metaverse. Source via Michael Kondoudis Twitter https://bit.ly/3SfH7Hn
đ¤đť Telecom Infra Project launches a new group to prepare networks for the metaverse. Includes Meta Platforms, Microsoft, T-Mobile, TelefĂłnica & Sparkle
The global crypto market is on the verge of going below $900. How will this impact Crypto & Blockchain platforms connected to the Metaverse?
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20th Oct đŤ Tesla: #HODL & #havefunstayingpoor Bitcoin for Billionaires đđť Bitcoin joins the Guinness Book of World Records
đĽ Tesla makes no changes to Its Bitcoin Holdings in the third quarter. The earnings report here https://bit.ly/3EW5abB indicates Tesla did not sell any of its bitcoin holdings nor purchase any additional bitcoin in the third quarter. The current value of its digital assets remained at $218 million.
đś Michael Saylor lately is sounding like Satish Kumbhani of Bitconnect
đđźââď¸ The former CEO of MicroStrategy is definitely not the ideal person to be an advocate for the Bitcoin community. The multi-billionaire who often provides fake news, and misleading & incorrect information about Bitcoin via Twitter had a talk about Bitcoin Mining Council Q3 2022 Briefing https://bit.ly/3CMJSub. The multi-billionaire discussed the struggle of the individual vs. the overwhelming collective force of modern corporations and governments and explained why #Bitcoin is the best hope we have to deliver human rights & prosperity to the world.
âââIsnât MicroStrategy part of the Modern Corporations?
â Historically Bitcoin & Open Blockchain have severe allergic reactions to councils, associations & centralization. With the accumulation of wealth with Multibillionaires & modern corporations does it make it easier for the state to make amendments at the protocol level? ie Bitcoin mining with ESG concerns
đĄ The Fixed Supply of Bitcoin coupled with Game Theory & Human Greed to accumulate more is a tough problem to solve. Check out our podcast where we at Blockchain DXB share our opinions on this.
đ¨ Bitcoin has been added to the Guinness Book of World Records as the âFirst Decentralized Cryptocurrency BUT with some errors, The 2023 edition of the Guinness World Records was launched last month with the inclusion of Bitcoin, NFTs, & more. The 2023 edition brought in a new category tagged âCryptomania.â This unique aspect added information about Bitcoin and several blockchain events. Bitcoin.com in the article has pointed out some crucial errors. See the article here https://bit.ly/3MLcyby
đ´ Few questions for Thursday ⥠Is Bitcoin Distributed or Decentralized? ⥠How many times is the word Distributed mentioned in the Bitcoin white paper?
đ¨ CryptoQuant a crypto analysis platform identified an outflow of 48,000 bitcoins ( approximately $940m )coming from the trading platform Coinbase Pro. And based on the research a large portion of the funds were old coins going back to 2011 Info via their Twitter account here https://bit.ly/3MIdoG5 The power of Open source!
đĽ Two UAE news ( See slides for more info) ⥠Diplomacy Lab launches first NFT MEMBERSHIP ⥠Voice Life gets NFT provider license in Dubai and will launch F-NFT platform IFZAâââInternational Free Zone Authority
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19th Oct đĽ Do Kwonâs interview with Laura Shin on Unchained Podcast 𤨠Decentralized Social Networks by Censorship King Jack Dorsey đŤ Flipkart on Metaversee đ˘ Defi Platforms up
đď¸ Do Kown from Terralabs has an intense & critical interview with Laura Shina discussing some crucial & important details. While his location is still not known he did discuss details about the charges against him, he has given an important message to Terra Victims, answered some strong questions regarding allegations of potential fraud and non-transparent business practices & a lot more. A must-listen via YouTube https://bit.ly/3s7hq1m
đđźââď¸đ¤¨ âAT Protocolâ Censorship King Jack Dorsey former CEO of Twitter & Current CEO of Square is building a decentralized protocol that limits corporate and governmental influence on social media platforms. He also formed Bluesky, not sure if the colour has anything political but they mentioned via Twitter that Bluesky is building a social protocol. We released âADXâ (the X stood for Experiment) in May. Now that the design is starting to solidify, weâre renaming it to the âAuthenticated Transport Protocolââââthe âAT Protocol.â Tweet here https://bit.ly/3zeEnnh Details of the project can be found here https://bit.ly/3VBuMjH They are focusing on - Account portability - Algorithmic choice - Interoperation - Performance
đŤ Interestingly but not surprisingly it does not mention if it is catered to free speech
đŚ The code seems open source here https://bit.ly/3gm5Nkx
đ¨đźâđť Since Ethereum merge the market share in comparison to Bitcoin has been on a downtrend. Check Blockchain DXB Crypto & Coffee at 8 where we discuss this every Mon-Thursday but the next phase of Ethereum is the Shanghai upgrade
đ ď¸ Shanghai Network Upgrade Specification technical details can be found via GitHub here https://bit.ly/3ySSe29 Cointelegraph article explains that Staked ETH withdrawals and lower gas fees are among the developments expected with the upgrade. Article here https://bit.ly/3VFq2cK Another expected proposal is EIP-4895, which will allow staked ETH and earned rewards withdrawals via the Beacon Chain. In order to ensure network stability, validators with staked ETH currently cannot withdraw funds directly.
đđť Flipverse The Indian e-commerce company, Flipkart plans to allow customers to purchase Items in the Metaverse. It has partnered with eDAO , a Polygon Technology-incubated firm, to launch the metaverse offering, which it is calling Flipverse. The offering is in the pilot stage and aimed to garner interest during the festive season this month. The APP will go live on the 24th Oct Flipkart said âa wide range of brandsâ including PUMA Group, Noise, NIVEA INDIA, LaVie, Tokyo Talkies, Campu@s, VIP, Ajmal Perfumes and HIMALAYA WELLNESS are partnering to set up experience theatres on Flipverse.
âŹď¸ Aave, Uniswap & Curve DAO tokens are up check our Podcast we explain why
Two UAE news (See slides )
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18th Oct đĽ Midterm election Nov 8th, will the crypto market dump? Circle USDC đ Binance BUSD đ FTX, CEO Sam Bankman-Fried is Under Investigation by Texas Regulators for potential securities violations
đ¨ Historically Oct has been relatively a better month for Crypto, 2022 seems like an exception. With inflation numbers on the rise & left-wing politicians and media in charge, how will Bitcoin & Cryptocurrency react to the Mid-term elections? In an idealistic world, Bitcoin should be Apolitical but it may take a couple of decades for the separation of money and the state. Cointelegraph has an article that talks about the Post-midterm elections dump. B& Post-midterm elections dump? Post-midterm elections dump? All price predictions are 100% right, 50% of the time. Article here https://bit.ly/3VzyeeN
Some Tech info đĄGlassnode weekly insights discuss some key points on volatility & the insights claim Futures open interest has hit new all-time highs, and despite liquidations being at all-time lows & the Bitcoin, the market is primed for volatility, with both realized and options implied volatility falling to historical lows. https://bit.ly/3CJIo41
đĄCoinShares weekly blog via Medium that there is persistent apathy amongst Investors with minor inflows of US$12m. Could this be because of inflation numbers that were released last week https://bit.ly/3MLatfS
đĽ Stable Coin War The volume of Stablecoins has been ridiculously low since the 2nd quarter of this year & since 2 months - Circle USDC đđť - Binance USD đđť
đ¨ USDCâs market cap sheds close to $4B in less than 20 Days, & Binanceâs USD Climbs 3% Bitcoin.com has reported that more than $10 billion worth of the Stablecoins USDC has been erased from the projectâs market capitalization since July 7, 2022. Article here https://bit.ly/3SalgBk confirms Binance-backed stablecoin captures double the trade volume USDC commands. We at Blockchain DXB have been covering Stable coin volumes on a daily basis at the Crypto & Coffee at 8 podcasts. See slides No1 & 2 below for a detailed breakdown of Stablecoins, Defi, Market share, Dominance & more
đĄ FTX CEO Sam Bankman-Fried is being investigated by Texas regulators over potential securities violations. Official filings here https://bit.ly/3EQ2xYH According to Decrypt article Regulators are probing whether yield-bearing accounts offered by FTX US should be considered unregistered securities, as described in a filing related to the bankruptcy proceedings of Voyager Digital. Interesting comments by Jason Rotunda, director of enforcement for the Texas State Securities Board. & FTX spokesperson
đď¸ Check out our podcast where we explain this in detail
đĽ Two UAE news: (See slides for more info) ⥠Future Innovation Summit 19th -20th Oct (The largest conference in the region) ⥠Sensorium Registers UAE Branch as Dubai Becomes a Hub for Metaverse Companies
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đĽ âBitcoin is the Ultimate FreedomââââNigel Farage, former Member of the European Parliament
đ¤ Binance launches a $500 million lending pool for Bitcoin miners
đĽ Over 2.5million Eth has been burnt so far and still counting
đĄ Indiaâs Love/Hate for crypto
đ¨ Bitcoin Amsterdam highlights can be found via YouTube here Day1 https://bit.ly/3ENm38b & Day2 https://bit.ly/3D4LxwI Bitcoin Magazine pointed out The former Member of the European Parliament Nigel Farage, drew parallels between leading a âpolitical insurgencyâ with Brexit and the opposition Bitcoin experiences today. Extremely important message about CBDC states, The lack of proper understanding is probably what leads so many world leaders to consider CBDCs article via Bitcoin Magazine here https://bit.ly/3T6Y6Nz
đ We at Blockchain DXB have an event next month where we explore â CBDC, the basics, the threats to Freedom & its role in the Metaverseâ
đ° Binance mentioned via their blog that Binance pools to support BTC mining industry with a $500M miner lending project. Borrowers will have access to loans on an 18- to 24-month term, with interest rates ranging from 5% to10%. Borrowers will also have to offer collateral in the form of mining hardware or cryptocurrencies that will have to be deemed âsatisfactory to Binance. âBinance Pool is looking for cloud mining vendors. Official blogs & to apply click here https://bit.ly/3S88Fi3
đ¤ The way Binance is handling things, is it possible Binance could be bigger than Bitcoin?
đĽ Thanks to the London fork upgrade over 2.5million Eth has been burnt and still counting. Now, since the post-merge era, with cleverly managed supply, is it possible for Ethereum to Flip bitcoin?
â MetaMask just added bank-to-crypto transfers via Sardine ConsenSys mentioned via their blog post that in an effort to diversify payment options for users, MetaMask now enables instant bank funding for U.S. customers to purchase crypto through ACH settlement merchant Sardine. Official info here https://bit.ly/3S5l7PE
đĄ Standard Operating Procedures for cryptocurrencies (SOP) The finance minister of India, Nirmala Sitharaman revealed Indiaâs plan to develop (SOPs) for cryptocurrencies during its G20 presidency, from Dec. 1, 2022, to Nov. 30, 2023. She also confirmed crypto will also be part of Indiaâs thing (agenda during G-20 presidency Info via The Economic Times https://bit.ly/3MzWtFq
đŻ Bitcoin & Open Blockchain have a terrible allergic reaction to SOP, Associations & Councils. Check our podcast here where we discuss why SOP are terrible
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đĽ Two UAE news ( See slides below) ⥠VENOM FOUNDATION INC obtains Abu Dhabi Global Market (ADGM) Market (ADGM) license (an infinitely scalable blockchain platform đ¤¨) Extremely High degree of Centralization? ⥠Blockchain DXB: How to differentiate information Fake News vs Legitimate news on Bitcoin, Blockchain, Crypto, NFT, Defi, Metaverse & Web3.0
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14th Oct đď¸ Metaverse Everything đď¸âââWeb3.0 ( Reality vs Bullshit) & does it merge with Metaverse? Meta/ Facebook Metaquest Pro- The Good, The Partnership & its Hefty Price
đ¨ See slides 3 & 4 where we at Blockchain DXB share our thoughts on Web3.0. We also share limited areas where Web3.0 merges with Metaverse. Identifying reality vs fiction is critical for the best use case of Metaverse & Web3.0 Jimmy Song has an excellent rant /video with Somi Arian from InPeak via YouTube here https://bit.ly/3VkUJUy
đĄâĄWe strongly feel Bitcoin is Web3.0 & Bitcoin using Lightning Network in the Metaverse will be ideal use case. Lightning Network NOT Blockahin will be a great narrative in the Metaverse.
đŻ Metaâs partnership with Microsoft, Accenture, NBC Universal Global Networks France SAS, Peacock, could give Meta a competitive advantage in the Metaverse.
đ See slides 5,6,7 where we give a summary of Meta Quest Pro. We highly recommend watching the full keynote to get better insights on the new device. Full video here https://bit.ly/3T0sGrP
đ¨Check out our podcast to get our commentary. - Anchor: https://bit.ly/3Po8eio - Spotify: https://spoti.fi/3y3Fapq - Google: https://bit.ly/3ysvrL0 - Anghami: https://bit.ly/3AiLNp5 đ¨ We also share our honest review on Xverse event at GITEX GLOBAL Decentraland
5ď¸âŁ Metaverse news from Dubai ⥠Dubai Electricity & Water AuthorityâââDEWA has launched its âDEWAVerseâ. Source, https://bit.ly/3yFuZZA
đŤđNOSTRAVERSE launches new metaverse initiative for Dubai schools. Sam Clever. Source, Khaleej Times https://bit.ly/3VF4ttd
đď¸ 10,00 Arabic Live shows in Metaverse. WOLF has announced that it will produce over 10,000 live performances in October from its WOLFStars programme The Worldâs Online Festival. Source, BroadcastPro Middle East https://bit.ly/3VF4ttd
đ Sharjahverse! The new metaverse city, dubbed Sharjahverse, will out by Multiverse Labs The metaverse city is backed by the Sharjah Commerce and Tourism Development Authority. Source, Cointelegraph https://bit.ly/3TqFcRv
âď¸ UAE telecom giant e& enters the metaverse Developed in partnership with HTC, Etisalat UAE. Source, Gulf Business https://bit.ly/3CSzi55
Top 5 Metaverse news from the world â˝ FIFA and Roblox launch new metaverse world ahead of Qatar 2022Fifa World. Source: https://fifa.fans/3rSXL59
âžđ Singapore: Metasports to create the worldâs first metaverse sports industry ecology. Source: https://bit.ly/3z3rrR5
đ´ Bizverse World (BIVE) Metaverse project joining âMeta Startup Accelerator and IMDAââââGets Listed On XT.COM Exchange In Main Zone. Source, Bitcoinist.net https://bit.ly/3g6QJa6
â˝ TOPGOAL signs strategic partnership with Galxe for Football metaverse. Source, Blockcast.cc https://bit.ly/3gbNfTC
đŻď¸ Diwali on Metaverse đ§¨đ Dr Aman Puri, Consulate General of India, comments about it. Source, Khaleej Times https://bit.ly/3CV6A4G
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13th Oct đ Bitcoin Amsterdam đĽśCrypto Winter đŤ Inflation numbers today at 8:30 am ET
đ¨ CPI data is scheduled to be released on October 13, 2022, at 8:30 A.M. Eastern Time. Official info will be available via the Bureau of Labor Statistics website here & Federal Reserve Board chair will go live via YouTube here https://bit.ly/3RPJbFW
âHow will this news impact the price of Bitcoin & Cryptocurrencies?
đĽ CNBC has reported that Stocks rise as investors look ahead to key consumer inflation data. With midterm elections next month it would be really interesting to see what the numbers are. The article also states If inflation stays high, the central bank is more likely to continue its aggressive path of interest rate hikes to bring it back into check. That means rates will continue to rise and may stay high for longer than markets expect Article here https://cnb.cx/3EwqfZU
đ¨ Bloomberg LP states US core inflation is seen returning to a 40-Year high as rents rise, they feel the report is expected to keep Fed on the path to a big November rate hike, Info here https://bloom.bg/3yzQbA7
đ§ Where does Bitcoin fit into inflation? đŻ Unfortunately, Bitcoin has failed as a hedge against inflation, Stablecoins though, on the other hand, has acted as a hedge against Inflation for the Fiat world & Crypto world too. Cointelegraph had an interesting article last month that shared reasons why stablecoins are ideal as instruments against inflation. The article shares crucial information on Turkey & Nigeria & Argentinaâs inflation numbers & Stablecoins particularly Tether.to USDT. Article here https://bit.ly/3MFRwv7
𤨠Greg Foss though says Bitcoin is a hedge against monetary inflation. At the Bitcoin Amsterdam event, an interesting conversation can be seen via YouTube here https://bit.ly/3ewXTE5. Greg Fos, Jeff Booth, & Dylan LeClair discuss Has Bitcoinâs Inflation Hedge Narrative Failed?
đ Bitcoin Amsterdam takes place between 12th -14t of this month. More info here https://bit.ly/3TeC0s6 . Some heavy-duty speakers including Nigel Farage, Former Member of the European Parliament & more at the event. A recap of day 1 can be found here https://bit.ly/3CSy1Mv
đ´Tech infoâ đĄGlassnode weekly insights state Bitcoin has been remarkably stable and has gained ground against many assets on a relative scale. The article undertakes a series of studies assessing the behaviour of Whale sized entities & some information on the Accumulation Trend Score. Info here https://bit.ly/3SYd3Bd
đĄCoinShares weekly blog via Medium states that 10% of short-Bitcoin outflows last week & Ethereum saw minor outflows totalling US$2.2m last week, highlighting continued hesitancy amongst investors post the Merge. https://bit.ly/3EBiYId
đĽ Two UAE news: (See slides below) ⥠21Shares lists bitcoin ETP on Nasdaq Dubai đ° DMCC Crypto Centre members get access to Brincâs $150 million accelerator fund Brinc MENA
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âĄVertex Events Link here https://vertexgroup.ae âĄLeder Wallet! Not your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d âĄSpartan World Championship https://sprtn.im/3EutG37
âĄTough Mudder Arabia https://bit.ly/3rKGoDe Use Promo Code: George25 for 25% discount Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #bitcoin #blockchain #blockchaindxb\
12th Oct đ¨ $100M drained from Solana DeFi platform Mango Markets đ¨ CNN to shut down its NFT marketplace đ¨ Bored Ape Yacht Club creators and other NFT projects investigated by U.S. Securities and Exchange Commission Legit news or just Rumour? đ¨ U.S. Department of the Treasury charges Bittrex with sanctions violations đ¨ Google Cloud partners with Coinbase to accept crypto payments.
đą The centralized Blockchain Solanaâs (DeFi) exchange Mango Markets has been hit with a reported exploit of over $100 million through an attacker manipulating price oracle data, allowing them to take out under-collateralized cryptocurrency loans. OtterSec is a firm that audits the power of blockchain ideas mentioned via Twitter that Mango markets were drained for over $100M. Tweet here https://bit.ly/3CPpmdy
đĽśGo Woke Go Broke Extreme Left-Wing Media CNN has decided to shut down its NFT marketplace and issue a 20% refund. The project called âVault by CNNâ was a â6-week experimentâ and a âfirst foray into Web3.ââ Tweet here https://bit.ly/3Mpciig Looks like the NFT which had Moments That Changed Us,â the collection included a series of tokenized iconic news moments from CNNâs 41-year history, along with a vault to purchase, store & display the NFTs. was a failure after all
ââ Bloomberg LP article states that Bored Ape Yacht Club creator Yuga Labs faces U.S. Securities and Exchange Commission probe over unregistered offerings & that the Wall Street regulator is examining whether NFTs are securities. Unfortunately, the article does not provide any source if the SEC is probing them but is just based on some unnamed sources. Article here https://bloom.bg/3yzmajF
đđŽđź On October 11, the U.S. Treasury departmentâs Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The U.S. Department of the Treasury announces two enforcement actions for over $24M and $29M against virtual currency exchange Bittrex, Inc. Official info here https://bit.ly/3rTiAwY Fincent Inc. acting director Himamauli Das has said âFor years, Bittrexâs AML program and SAR reporting failures unnecessarily exposed the U.S. financial system to threat actors,â
đĄ Bitcoin.com has reported that Google cloud has partnered with Coinbase to accept crypto payments. Googleâs Bigquery crypto public datasets will be powered by Coinbase Cloud Nodes, across leading blockchains, accessible to Web3 developers. Article here https://bit.ly/3CQWhyz This should definitely boost Web3.0 adoption Coinbase CEO Brian Armstrong has some really nice things to say about the partnership, details in the article
đĽ Two UAE news( See slides for more info) ⥠Metaverse: The Hype, Reality & New World Order by Blockchain DXB âĄ11th of NovemberâââPESTLER analysis on Bitcoin on the 11th of November (Political, Economical, Social, Technological, Legal Environmental, Religious ) by Blockchain DXB
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #bitcoin #blockchain #blockchaindxb\
11th Oct đŤ Inflation numbers will be out on the 13th of October. The Bureau of Labor Statistics will issue its September report on producer prices or wholesale inflation & more tomorrow & the day after inflation numbers will be out. See information here https://www.bls.gov/cpi/ Detailed schedule for CPI (Consumer Price Index) for the rest of the year can be found here https://bit.ly/3fLWSIA
đđźââď¸ What is your prediction for inflation numbers? â How will it affect the crypto market? â Will the Midterm elections have an impact on CPI data?
âĄď¸âŹ ď¸ Sideways The final quarter of 2022 & the global crypto market is moving sideways. Stablecoins still account for 94% of the global crypto market (See slides 1 & 2 below)
đ¨CoinDesk article states that Bitcoin & Ethereum traded flat ahead of the Inflation Report. FOMC is widely expected to raise the interest rate a hefty 75 basis points for a fourth consecutive time. Article here https://bit.ly/3EELjgC How will the market react after the announcement?
đĽ Bitcoin Magazine has an excellent article exploring how right-wing politicians/Republicans are in favour of Bitcoin, Freedom & Opensource technology. The article explains that A South Carolina delegation made up of a diverse group of business leaders, rural health officials and individuals interested in the expansion of bitcoin, including State Treasurer Curtis Loftis Jr, who recently returned from an exploratory trip to El Salvador, the first country in the world to adopt bitcoin as legal tender. Great article here https://bit.ly/3ErrKsi Some interesting & positive comments in the article from Dennis Fassuliotis South Carolina Emerging Technology Association (SCETA)
đĽ Ethereum news đĄ Decrypt has reported that the European Commission plans to study real-time monitoring of DeFi Activity on #ethereum Official info on the study is here https://bit.ly/3ejzQbF The study focuses on Legal, economic, financial and technical information. The time limit for receipt of tenders or requests to participate is 1st Dec 2022 According to the article, the idea is âto develop, deploy and test a technological solution for embedded supervision of decentralized finance (DeFi) activity. Article here https://bit.ly/3rNGGJL, Circle Director of EU Policy feels this is s good move & could be quite impactful, His tweet here https://bit.ly/3yxPk2S
â Ethereum Marks Highest Growth Day In 2022 Ethereum has marked another milestone following the upgrade, with the largest single growth day recorded so far in 2022. Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network. This is 11.1% more network growth than the next highest of 2022 (Jan 3rd). Via NEWSBTC https://bit.ly/3TeqAUX
đ¨ Two UAE news: (see slide below)
đđ Dubai Police HQ release their âGhiathâ luxury smart patrols as NFTs at GITEX GLOBAL
đŁď¸ UAE: Hub71 start-up GLEAC launches the worldâs first utility NFT âLovely Humansâ
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #bitcoin #blockchain #blockchaindxb #bitcoin
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âĄBlockchain DXB & Spartan Race⥠Host: RA George Blockchain DXB Guest: Joe De Sena, CEO & Founder of Spartan Race, Shawn Rothman, Chief Technology Officer of Spartan Race, & Calvin Becerra Digital Creator, NTF specialist Date: 04th October Time: 05:00pm EST, 01:00 GST Google Meet Session NFT Pass Website: https://unbreakable.spartan.com/ Benefits of the Unbreakable Pass: https://unbreakable.spartan.com/#benefits Opensea.io: https://opensea.io/collection/spartan-unbreakable-pass Twitter: https://twitter.com/spartanrace Website: https://www.spartan.com/ Youtube: https://www.youtube.com/channel/UCqNmN6ug7jWC44CizNzxAdQ Facebook: https://www.facebook.com/Spartan/ Instagram: realjoedesena Instagram: calvinbecerra Instagram: spartanrace Instagram: spartan Discord: https://discord.com/invite/qtPw8hFw
âĄSummary of the conversation⥠- An excellent conversation where the team shared the reason for issuing NFT, the core theme is how it benefits OCR athletes/customers of Spartan Race - The team shared their experience in NFT, Cryptocurrency & Blockchain - The impact it had on the business decision-making to issue NFT - The challenge they faced with business partners, investors, and the board of directors in issuing the NFT - Challengers with OCR athletes and their knowledge of NFT and how Spartan decided to overcome them - They shared information if in the future Spartan would release more Unbreakable Pass - The key message from the podcast is why the NFT was issued and it's a no-brainer why the NFT will save OCR athletes huge amounts of money, saves time & offer a much better qualitative experience - The team also shared the willingness to accept cryptocurrencies in the future - Also shared some crucial information in the works of possibly issuing NFT for every race completed - Joe De Sena also offered sound advice to fellow business partners, and competitors to adapt to new technologies - Shaw Rothman offered valid reasons for choosing Ethereum over other Blockchain protocols and explained how it helps better user experience - Calvin Becerra shared his NFT knowledge and expertise on how athletes and businesses could be benefitted from The Unbreakable Pass - The team shared information on how NFT pass holders can showcase their Unbreakable Pass to their followers - Information on Airdrop and how holders will get NFT & more benefits in future - Sound advice on how the business would handle Inflation and Deglobalization in the years to come and how it plans to stay competitive - The key message the team portrayed in releasing the NFT is to âGet off the couch & workoutâ - The team also shared information on events they would be attending to promote NFT for the Cryptocurrency, Blockchain & Metaverse community - The team also shared their opinion on Metaverse and the willingness to adapt and accept newer technologies
For feedback or suggestion send us an email: info@blockchaindxb.com
10th Oct đł Is Defi Dead? The 24-hour trading volume at just $2.08 B 𼜠â Visa partners with FTX to roll out crypto debit cards in 40 countries 𼜠Reserve Bank of India (RBI) publishes digital currency & the details confirm digital Rupee pilot is launching soon đŻ Chainlink Labs 10 news projects by DailyCoin
đThe cryptocurrency market is moving sideways BUT Defi volume is ridiculously low! See Slides 1 & 2 below for a detailed breakdown of Price info via CoinMarketCap, CoinGecko & Messari. Check out our podcast to get our commentary on price-related information. Podcast links are below.
Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5 Podbean: https://bit.ly/3TqrsX1
đ¨ With mid-term elections coming up next month will there be some movement in the price of cryptocurrencies?
đŚ Visa + FTX Will shoppers spend cryptocurrencies in a bear market? Visa is teaming up with FTX to offer debit cards in 40 countries focusing on Latin America, Asia and Europe. Official news via Twitter account here https://bit.ly/3Cd3APu - Why not just use crypto instead? - Why link crypto to debit cards and then use crypto? - What are the benefits of using a Debit card linked to Crypto?
Visa CFO Vasant Prabhu & Multibillionaire Sam Bankman-Fried, FTX CEO had some interesting things to say to CNBC details here https://cnb.cx/3Mky7zx
â¤ď¸đĄ Indias Love/Hate(mostly hate relationship with crypto) Reserve Bank of India (RBI) has released a 51page report called âConcept Note on Central Bank Digital Currencyâ It explains the objectives, choices, benefits and risks of issuing a CBDC in India, referred to as eâš (digital Rupee) It promises easier, faster and cheaper than paper money. It specifically mentions the degree of anonymity would be a key design decision for any CBDC. (But only for Retail CBDC).
đŁď¸ We at Blockchain DXB have an event exploring CBDCâs The Basics, Threats to Freedom & role in the Metaverse- on the 14th of Oct. Can also download the slides here https://bit.ly/3Tai9
â Chainlink Top 10 new projects DailyCoin just published the top 10 new projects powered by the Chainlink Oracle Network A good breakdown âââVisor Finance (Liquidity Management) - DeHealth (Decentralized Storage) - Lanceria (Decentralized Freelancing) - Rora Realm (Decentralized Intellectual Property) - QiDAO (DeFi Borrowing) - Maxity.ioMaxity (Web 3 Social Impact Protocol) - AnChain.AI (Blockchain Intelligence) - dClimate (Social Impact) - Liquity (Yield Farming) - Pancake Swap (Decentralized Lending)
â How many of them will still be there 3yrsâââ5yrs from now?
đĽ Two UAE news: ( See slide for more info) đĄ GITEX GLOBAL goes live today 10th -14th October 2022 đĄ Dubai Future Forum: The Worldâs Largest Gathering of Futurists at Museum of the Future 11th -12th October 2022 DUBAI FUTURE FOUNDATION
For slides click here: https://bit.ly/3rEqHO9
LinkedIn Profile:https://bit.ly/3Ep9pMA
To help support the channel click the links below âĄStartup Oi Link here: https://bit.ly/3f46zC5
âĄRise in Obstacle Course Race Podcast (Launching soon) Instagram: Podcast info: @theriseinocr Podcast Host: @am_aminoo_ Podcast Host: @black_incarnation For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
âĄVertex Events Link here https://vertexgroup.ae âĄLeder Wallet! Not your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d
âĄSpartan World Championship https://sprtn.im/3EutG37
âĄTough Mudder Arabia https://bit.ly/3rKGoDe Use Promo Code: George25 for 25% discount
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
07th Oct đď¸ Metaverse Everything đď¸ đ Binance blockchain suffers $570mn hack, Worldâs largest crypto exchange targeted in a security breach how would this impact the Global Crypto market? The Cryptocurrency platforms linked to Metaverse are đťâââCoinMarketCap
âââ How many active users are in Decentraland? The numbers are shocking & surprising! https://bit.ly/3fFwpMK
đ¨ If Metaverse platforms were on an open Blockchain what could be the impact? - Cannot be hacked as its Distributed - Funds are lost for good ( If funds are stolen)
đĽ Dubaiâs world leader in Metaverse, See slides no 3 & 4 where we at Blockchain DXB discuss how Dubai is currently gaining a competitive advantage in the Metaverse Dubai
đ We also share a few challenges in the Metaverse at a macro & industry level â Macro Level - Inflation - Deglobalization - Economies of Scale -Newer Technology & Space exploration
âIndustry Level - Infrastructure - User Onboard - User Experience: 10x - Meta Monopoly
đď¸ Listen to our podcast here as we share our commentary on it Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
5ď¸âŁ Metaverse News from the world đ° Thailandâs Translucia Metaverse to build a $3 billion integrated metaverse Source CNBC-TV18 https://bit.ly/3fQnaJU Sunovatech
đĄ Instagram launched a beta version of its augmented reality (AR) advertisements Source: https://bit.ly/3V96XQ1
đ Saudi National Day celebrations be held in Metaverse Source Alarabiya News https://bit.ly/3RDOQ1O
đđť Meta & MeitY Startup Hub an effort called XR Startup Program will work with 40 early-stage startups in India. Source TechCrunch https://tcrn.ch/3SXmjpa
đđť Decentraland has just 30 daily active users. Source CryptoSlate https://bit.ly/3SJ5LkY
5ď¸âŁ Metaverse News from the world đŹ Media and the Metaverse, an interesting article by Khaleej Times here https://bit.ly/3Eq3Ddy Arab Media Forum
đ Dubai Chamber of Commerce launches new training academy to immerse digital startups in the metaverse. Source Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠https://bit.ly/3SRNYIs
âď¸ Dubai Airport FreezoneâââDAFZ launches METADAFZ Source Government of Dubai Media Office https://bit.ly/3V9Ch10
đ´ BPG Group launches BPGverseâââa virtual HQ for creative innovation, collaboration and interaction. Source Zawya https://bit.ly/3T37MZ0
â Burj Khalifa is now in the metaverse, Launched by Eventcombo Is it really Metaverse though??? Source Arabian Business https://bit.ly/3yMalaf
For slides: https://bit.ly/3ecNY6H
LinkedIn Profile:https://bit.ly/3Ep9pMA
To help support the channel click the links below âĄStartup Oi Link here: https://bit.ly/3f46zC5
âĄRise in Obstacle Course Race Podcast (Launching soon) Support the channel, Support the Athletes! Instagram:
Podcast info: @theriseinocr
Podcast Host: @am_aminoo_
Podcast Host: @black_incarnation
For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
âĄVertex Events Link here https://vertexgroup.ae
âĄNot your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardanoaddress: addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
Chaarmi World Inc
Host: RA George Blockchain DXB
Guest: CEO & Founder Abhinav Gupta, Chaarmi Worlds Inc.
Date 04th October
Time: 12:00pm EST
Zoom: Audio version
Website: https://chaarmi.com/
Twitter: https://twitter.com/ChaarmiWorlds
YouTube: https://www.youtube.com/channel/UCWiJR8FX1KlpwvghRn8CG-A/videos
Email: ngupta@chaarmi.com
Contact email: contact@chaarmi.com
Abhinav Gupta LinkedIn Profile: https://www.linkedin.com/in/abhinavnavgupta/
Affiliate Program: DM Nav Gupta via LinkedIn
Summary of the conversation
¡ Nav Gupta is a prolific speaker & has strong technical experience in the industry. In the podcast, he shared very positive enthusiasm to explain Chaarmi & how it helps everyday individuals' businesses. The goal is to help the industry by saving cost, saving time & providing a world-class & unique experience.
¡ Nav shared the motivation for building in the Metaverse
¡ Identified the current problems in the industry
¡ He shared his work experience and how it has helped Chaarmi to gain a competitive advantage in the industry
¡ How Chaarmi helps individuals & businesses transition to Metaverse more easier
¡ Mission to bring real technology for the real Metaverse
¡ Great & simple explanation of Chaarmi
¡ Shared information on how Chaarmi offers a better user experience
¡ How Chaarmi is standardizing the Metaverse Domain
¡ How Chaarmi differentiates from its competitors
¡ The product is ready for PC, MC & Oculus
¡ Nav shared his vision for Chaarmi in the next coming years
¡ Benefits of being an early adopter of the Metaverse
¡ Spoke about different industries in the Metaverse
¡ Affiliate program information
¡ How Chaarmi is making Metaverse a safe & secure place
¡ Nav shared crucial information on Metaverse Standards Forum
¡ Share the importance of Interoperability in the Metaverse
¡ How Web3.0 gives individuals give access to information & how each one of us has a voice
¡ Shared how important it is to focus on the human element in the Metaverse
¡ Nav shared some sound business advice with fellow business partners
¡ Shared interesting information on how & why the name CHAARMI was selected
¡ Shared information on the future of Metaverse & challenges the world will face
¡ Nav shared the importance of joining Chaarmi
¡ Shared passion for music & fitness
06th Oct đĽ Update- Celsius, Alex Mashinsky + Do Kwon, Terraform Labs + Three Arrows Capital Pte Ltd
âĄThe Middle East & North Africa region saw the largest crypto market growth in 2022
đĄ Bitcoin: A peer-to-peer electronic cash system designed by Satoshi Nakamoto to create a movement towards the separation of Money & the state may have challenges as Human Greed + Game Theory + Supply of Bitcoin leads us to the same mistake as Fiat currencies.
đ The very 2nd line of the Bitcoin white paper readsâŚâ but the main benefits are lost if a trusted third party is still required to prevent double-spendingâ The impact Centralized entities can have is devastating & CoinDesk just reported that Celsius Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May before the company suspended all customer withdrawals. cashed out $42M in crypto before bankruptcy. Article here https://bit.ly/3SZ4oyb
đ¨ Last month Bloomberg LP article stated Crypto Billionaire Sam Bankman-Fried , CEO of FTX is eyeing bids for Celsius Assets article here https://bloom.bg/3SJ7Z3B. He has a brilliant podcast with Laura Shin from Unchained Podcast discussing how to prevent the next Terra + 3AC. available via YouTube here https://bit.ly/3CAw5bi
âđť According to Decrypt post South Korean Authorities officially voided Do Kwonâs PassportDo Kwon has14 days to surrender his passport to authorities. This is just the latest in the ongoing search for the crypto founder. Official info here https://bit.ly/3RADJGQ. He has been active on Twitter though & has replied to Laura Shin for a podcast via Twitter space maybe? Tweet here https://bit.ly/3RKi3Ii
đŽđź Bitcoin.com has reported that South Korean authorities have reportedly frozen $40 million in crypto assets, However, Do Kwon denied that any funds of his have been frozen. https://bit.ly/3yndE7j News was originally published by a South Korean news channel here https://bit.ly/3T09fPB
đ Cointelegraph mentions that the order by South Koreaâs Ministry of Foreign Affairs states The fugitive co-founder must hand over his Korean passport to authorities within 14 days of the said order. Failure to comply with the order will result in the cancellation of his passport altogether https://bit.ly/3T30JPO
đš Nansen an analysis firm that gets real-time Crypto & NFT insights has reported over 300 NFTs from Three Arrows Capital Pte Ltdâs NFT fund were moved by the liquidator to a new wallet. Tweet here https://bit.ly/3CDyZfu
Listen to our commentary & some more news via our podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đĽ Two UAE news: ( See slides) ⥠Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 07thâââ23rd Oct ⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 14th October
For slides click here: https://bit.ly/3SLnlou
LinkedIn Profile:https://bit.ly/3Ep9pMA
Listen to our commentary on this via our podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
To help support the channel click the links below âĄStartup Oi Link here: https://bit.ly/3f46zC5
âĄRise in Obstacle Course Race Podcast (Launching soon) Instagram: Podcast info: @theriseinocr Podcast Host: @am_aminoo_ Podcast Host: @black_incarnation For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
âĄVertex Events Link here https://vertexgroup.ae
âĄLeder Wallet! Not your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #bitcoin
05th Oct đ¨ Stablecoins safe haven for the crypto market? đMcDonaldâs has started to accept Bitcoin (BTC)
đťThe 24 Global Crypto Market= $60.14B, Stable Coins = $55.86B accounts for 92.83% See Slide 1 & 2 below
âĄLevi Brocklehurst shared via LinkedIn that the U.S. Department of the Treasury has released a report on Digital Asset Financial Stability risk & regulations, a great and informative post by him https://bit.ly/3rpPQfn The report is here https://bit.ly/3fHXCP1 that talks about Financial stability risks, Enforcement of the existing regulatory structure & Regulatory Gaps & also has some recommendations
â Could this make it easier for Central Banks to transition to CBDC? We at Blockchain DXB also plan to have a session via Eventbrite discussing everything about Stable Coins. A two-part series exploring What is Stablecoins, Its History The Good, The Bad & The Ugly side of Stablecoins
đ¨đźâđť Glassnode weekly insights state that Bitcoins hashrate has reached a new ATH. It also talks about how the British pound fell to all-time lows against the US Dollar, and the Bank of England re-established quantitative easing to reliquify markets, but Bitcoin prices have remained notably stable Detailed report here https://bit.ly/3fJskYd
đ¨đźâđť CoinShares weekly blogs via Medium state that the US$10m inflows last week, highlight continued investor hesitancy could this mean the price of the cryptocurrency will probably go down this week? Blog here https://bit.ly/3C52zsQ
đ Fast-food giant McDonaldâs has started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano Bitcoin Magazine mentioned it via Twitter & has a short video too https://bit.ly/3C5pZxZ Cointelegraph article mentions Tether.to (USDT) logo could be spotted next to the Bitcoin symbol on the credit cash machine, which is not surprising, as in March 2022 the city of Lugano announced it would accept Bitcoin, Tether and the LVGA token as a legal tender. Article here https://bit.ly/3CtLLgi
đł Mastercard launches new crypto fraud protection tool. Its new product CryptoSecure, LLC allows banks to find and prevent fraud on crypto merchant platforms within its network. Crypto Secure is run by CipherTrace, a Mastercard company, a California-based startup for blockchain security that was acquired by Mastercard the previous year. Article here https://bit.ly/3Caeo0G
đ¨đťâđ¤ British Pop legends Rare David Bowie NFT Collaboration With FEWOCiOUS Sells for $127,000 CoinDesk article states The David Bowie estate partnered with top NFT marketplace OpenSea to sell âBowie on the Blockchain,â a 15-piece NFT collection to commemorate the British pop legend and the colourful motifs used throughout his career. https://bit.ly/3ygnurz If you are a hardcore David Bowie fan you definitely need to check this out
đĽ Two UAE news: (See slides below) ⥠World Blockchain Summit 2022 is back in Dubai at Atlantis The Palm ⥠Ethereum Beginners Guide by Blockchain DXB 07th Oct
For slides click here: https://bit.ly/3Eg0lJA
Listen to our commentary on this via our podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
To help support the channel click the links below
âĄStartup Oi Link here: https://bit.ly/3f46zC5
âĄRise in Obstacle Course Race Podcast (Launching soon)
Instagram: Podcast info: @theriseinocr Podcast Host: @am_aminoo_ Podcast Host: @black_incarnation For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
âĄVertex Events Link here https://vertexgroup.ae
âĄLeder Wallet! Not your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
04th Oct ⥠Bitcoin Lightning Network NOT Kim Kardashian đđźshould drive mainstream adoption.
⥠Bitcoin Lightning Network capacity strikes 5,000 BTC đđź Kim Kardashian pays $1.26 million to U.S. Securities and Exchange Commission to settle the EthereumMax charge đ¨ Ethereum Sees Surge In Number Of New Addresses
đ Lightning Network NOT Blockchain is a narrative strongly building in the Bitcoin & Crypto community Cointelegraph has just reported that Bitcoin Lightning Network capacity strikes 5,000 BTC (approx $96million) a new milestone Blockstream has great learning resource on Lightning Network & Liquid Network.
âđť MicroStrategy former CEO Michael Saylor is also s is looking to hire a Bitcoin Lightning Software Engineer to build a Lightning Network-based SaaS platform. Apply here https://bit.ly/3rsabAu The new hire will be tasked with building an enterprise-grade eCommerce and cybersecurity SaaS platform based on Bitcoin and the Lightning Network. Saylor Academy has also brilliant resources on LN here https://bit.ly/3C7q1p0
đđź Hollywood celebrity Kim Kardashian has paid a hefty fine for promoting a cryptocurrency asset security without disclosing payments received to her followers. Official info on charge here https://bit.ly/3USQEXH The order by the SEC finds that Kardashian violated the anti-touting provision of federal securities laws. This has been the case with other prominent cryptocurrency securities violations involving the SEC in the past.
đŚ U.S. Securities and Exchange Commission chair Gary Gensler has put up an excellent video on YouTube to Use Caution with Celebrity Endorsements of Investment Products a must-watch video here https://bit.ly/3RygvBg
â Post Ethereum Merge the market share of Ethereum has been going down in comparison to Bitcoin but NEWSBTC has reported that Ethereum sees a Surge In the number of new addresses. Article here https://bit.ly/3EcRgRO. According to Glassnode Alerts via Twitter on the 2nd of Oct, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. & just a few hours ago Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 14,107,591 ETH https://bit.ly/3fH8igA
â DailyCoin has reported that Ethereum Name Service (ENS) sets a new record with over 437K new monthly registrations. The article states The influx saw the number of total registrations climb to over 2.6 million, while protocol revenue from registration and renewal fees grew by $5.5 million. Article here https://bit.ly/3M0ePiP & info via Twitter here https://bit.ly/3rJWehL provides some more detailed metrics
đĽ Two UAE news: ( See slides for more info) đ¨ Blockchain Economy Dubai Summit goes live today! đ Rolls-Royce Motor Cars collaborate with Dubai-based artist Sacha Jafri NFT for âThe Six Elementsâ Phantom- NFT for charity
For slides click here: https://bit.ly/3SR6kIR
LinkedIn Profile: https://bit.ly/3AAN504
Listen to our commentary on this via our podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
To help support the channel click the links below âĄStartup Oi Link here: https://bit.ly/3f46zC5
âĄRise in Obstacle Course Race Podcast (Launching soon)
Instagram: Podcast info: @theriseinocr Podcast Host: @am_aminoo_ Podcast Host: @black_incarnation
For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
âĄVertex Events Link here https://vertexgroup.ae
âĄLeder Wallet! Not your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
03rd Oct đĽLast quarter of 2022: 24 hr stable coin volume = $35.12B & stable coins account for 95.06% of all crypto volumes đ
𼜠Coinbase temporarily halted transactions from U.S. customers (issue now resolved) đą Indian Crypto Exchange WazirX Lays Off 40% of Its Employees
đťThe global crypto market is down to $912B. October has been a positive month for the #BTC & #cryptocurrency market. With mid-term elections in the USA could the global crypto market be heading in a bullish direction? See slides 1 & 2 below for price informationâââvia CoinMarketCap With such low volumes accounting for over 95$ of all crypto volume transactions will Central banks use this as a ploy to advertise Central Bank Digital Currencies?
âđťđNow your Keys Not your crypto & the 2nd line of Satoshi Nakamotoâs Bitcoin white paper states⌠âbut the main benefits are lost if a trusted third party is still required to prevent double-spendingâ Coinbase updates its users that they are unable to take payments or make withdrawals involving US bank account Official link can be found via their status page. As of 09:41 PDT, This incident has been resolved. The support team mentioned via Twitter https://bit.ly/3RsRGX9 According to CoinGecko In the past 24 hours, Coinbase has seen nearly $569 million worth of trading volume on its exchange.
𼺠CoinDesk has reported that Indiaâs No 1. exchange WazirX has laid off 50 to as many as 70 employees or 40% of the exchangeâs workforce of 150. Article here https://bit.ly/3y9IYXj Nischal Shetty the CEO is positive about the Web3 development in the long run. Series of posts on Web3 via this Twitter here https://bit.ly/3E5Qxlw
đ¤ Speaking of Web3 Jimmy Song has an excellent video/rant with Somi Arian discussing Bitcoin VS Web3 https://bit.ly/3EbJbgu She has done an excellent job in asking the right questions & keep calm and composure & Jimmy Song also has done brilliantly in explaining Bitcoin is what we need to focus on. Is Lightning Network NOT Blockchain the new & correct narrative?
đŚ YouHodler, a Swiss brand that provides crypto-backed loans, has signed a two-season crypto partnership deal with Italian football club Torino. Ilya Volkov, CEO & Founder expressed excitement at the partnership. Info via Finance Magnates https://bit.ly/3SQZZgQ
đđž Tennis legend Maria Sharapova in an interview with Cointelegraph at Binance Blockchain SG Week in Paris discussed her growing interest in NFTs and passion for bringing more women into Web3. The transcript can be found here https://bit.ly/3rpZvlU
Two UAE news: ( See slides) đ´đťđ˛Bikeera teams up with Binance Pay to accept virtual payments in the UAE đ đ ALDO Group boasts technology and comfort with a live NFT
For slides click here: https://bit.ly/3SOHTvJ
LinkedIn Profile: https://bit.ly/3AAN504
To help support the channel click the links below
âĄStartup Oi Link here: https://bit.ly/3f46zC5
âĄRise in Obstacle Course Race Podcast (Launching soon) Instagram: Podcast info: @theriseinocr Podcast Host: @am_aminoo_ Podcast Host: @black_incarnation
For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
âĄVertex Events Link here https://vertexgroup.ae
âĄLeder Wallet! Not your keys, Not your Crypto!
https://shop.ledger.com?r=ae54df359c4d Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
30th Sep đď¸ Metaverse Everything đď¸ đĽGross Metaverse productđĽ instead of GDP (Gross Domestic Product) in Dubai & Where does Blockchain fit in the Metaverse â
đ° Dubai Metaverse Strategy has been unveiled at the Museum of the Future the two-day event showcased some interesting information & Dubaiâs role in the Metaverse. See slides 3 & 4 below to see the agenda for both days & rewatch the session via YouTube here https://bit.ly/3Rrj9sv Can click here to get the agenda & slides for Day 1 & Day 2 https://bit.ly/3dQ10H7
đĽ A bold and ambitious plan to measure Gross Metaverse product to measure sectors such as tourism, education, retail, real estate and the government & Ministry Of Economy, UAE unveiled its 3rd office in the Metaverse!
Listen to our commentary on this via our podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đĄ Metaverse Quiz- Test your Metaverse knowledge on slides 6 & 7 below.
đ We at Blockchain DXB also share our opinion on Blockchain Technology in the Metaverse & why itâs not ready yet! Blockchain Trilemma is a tough problem to solve & a Hybrid Metaverse could be the optimal solution. We strongly feel Central Bank Digital Currencies also would be a better form of payment & medium of exchange in the Metaverse
5ď¸âŁ Metaverse news from Dubai âď¸ Emirates plans to hire 4,000 new cabin crew by 2023 to train in the metaverse Source: Arabian Business https://bit.ly/3rm7ikE
đˇ Dubai-based Scopernia launches Imagin3 Studio to address the regionâs demand for Web3 and the metaverse Source Khaleej Times https://bit.ly/3Sqjayd
đ´ Delhi-based XR Central (XRC Studios Inc.), specializing in metaverse creation is the latest one to decide to enter the UAE. Source: Arabian Businesshttps://bit.ly/3ClhsIE
đď¸ Blockchain DXB âMetaverse Everythingâ to interview members from the Metaverse Standards forum
đđť Museum of the Future- The Dubai Metaverse Strategy was unveiled at the Dubai Metaverse Assembly on September 28 & 29th
5ď¸âŁ Metaverse news from the world đđź Fashion: BNV Takes Paris Fashion Week Into the Metaverse With K-Pop Group Lightsum A new collaboration between BNV, Lightsum & WEINSANTO Source: Decrypt https://bit.ly/3Rr44XU
đ Retail Giant Walmart partners with Roblox to boost shopping activity via the metaverse. Walmarts Blog https://bit.ly/3SAIjWy
đ Nanjing University in China has launched one of the first majors in the country dedicated to the study of metaverse-related knowledge. Source: Bitcoin.com https://bit.ly/3Rjs6nC
đŹđż Shemaroo Entertainment Ltd. from India becomes the first to open a cinema on Decentraland Metaverse Source The Economic Times https://bit.ly/3BRobbU
đ South Koreaâs 2nd largest city Busan taps K-pop metaverse to win 2030 World Expo bid Source: Yahoo https://yhoo.it/3LYbbpK
â In two decades Will the Metaverse economy be bigger than the real-world economy?
For slides click here: https://bit.ly/3Cmzv1a
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
29th Sep đĽ Stable Coins War! đ´ Is Central Bank Digital Currency (CBDC) a threat to Stablecoins?
đ 2022: Stablecoins are proving to be a safe haven for the crypto marketsâ price volatility. Two areas of concern observed in 2022 are âđť The 24-hour volume is extremely low âđť Stablecoins account for over 90% of the total crypto market 24-hour volume.
đ¨ See slides 1 & 2 below for detailed information At Blockchain DXB we update & track this on a daily basis. Listen to our commentary on this via our podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đĄBinance BUSD 24hr volume is almost double of Circle USDC
âDecrypt reported that Binance will no longer support competing stablecoins, including USDC, on its exchange. USDCâs market cap is down 5% since the announcement. According to Nansen. $26 billion worth of stablecoins were sitting on Binanceâs exchange, Of that, $20 billion was in BUSD, with the rest in competing stablecoins: $683 million worth of USDC, $48 million USDP, and $283 million TUSD. The only other sizable stablecoin balance on Binance was $5 billion worth of Tether.to (USDT) Info here https://bit.ly/3frThzg The article also referred to the Blog earlier in the month where the mentioned Binance will Auto-Convert USDC, USDP, TUSD to BUSD https://bit.ly/3E52bx6
â Who wins the war on Stablecoins? - Tether.to USDT - Binance BUSD - Circle USDC
â ď¸ Will CBDC pose a threat to stablecoins? We at Blockchain DXB plan to have a two-part series in Oct exploring Stablecoins, its history, their use case, their notorious past, and The Good, Bad & ugly side of Stablecoins
đ In yesterdayâs podcast, we also discussed Federal Reserve Board chair, Jerome Powell, about discussion paper earlier this year & the focus on CBDC in the next years would be 1. Intermediated 2. Privacy protected 3. Identity verified (Not Anonymous) 4. Transferrable or Interoperable
Question: â ď¸If CBDC were to open-source the code (Norwayâs Central Bank) & implement Zero-knowledge proof. Do we need stablecoins?
đ¨đźââď¸ Kevin OâLeary to launch Web3 fund with backing from UAE He plans to launch a fund called Cipher & he told Forkast.News Editor-in-Chief Angie Lau at the Converge22 on Wed in San Francisco. Official info here https://bit.ly/3SudIKM
đđť Crypto.com receives regulatory approval in France Crypto.com registered as a Digital Asset Service Provider (DASP) by the AutoritĂŠ des marchĂŠs financiers (AMF)âââFrance) after clearance with the AutoritĂŠ de contrĂ´le prudentiel et de rĂŠsolution (ACPR). They continue to actively grow & expand their ecosystem, with more than 50 million users worldwide. https://bit.ly/3dTPQB4
2 UAE news: (See slides ) ⥠CNBC Arabiaâs âOn the Chainâ show showcases Dubaiâs cutting-edge crypto influence Nikita Sachdev WEMADE Marwan Alzarouni ⥠Chainalysis Inc. experts to discuss blockchain risks, opportunities and compliance at GITEX GLOBAL
For slides click here: https://bit.ly/3UHg3Do
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
Blockchain DXB & Makram Hani Host: RA George Blockchain DXB Guest: Founder & CEO Makram Hani, Arms & McGregor, Co-Founder of REI Capital Holdings Ltd & COO of Blocksquare Date: 26th September Time: 08:30am Google Meet Session Website: Personal: https://www.makramhani.com/ Makram Hani LinkedIn Profile: https://www.linkedin.com/in/makramhani/ Website: Arms & McGregor International Realty: https://www.armsmcgregor.com/ Blocksquare: https://blocksquare.io/ REI Capital Holdings Ltd: http://reicholding.com/ LinkedIn Arms & McGregor International Realty: https://www.linkedin.com/company/arms-&-mcgregor-international-realty/ Blocksqaure: https://www.linkedin.com/company/blocksquare/ REI Capital Holdings Ltd: https://www.linkedin.com/company/rei-capital-realestate-investment/ YouTube channel Arms & McGregor International Realty: https://www.youtube.com/c/Armsmcgregorrealty/videos YouTube channel Blocksquare: https://www.youtube.com/c/Blocksquare Summary of the conversation A positive & vibrant start for the podcast. Makram Hani is a prolific speaker. Very knowledgeable & to the point information. Makram Hani has identified the difference between passion & what he is good at and merged both of them He shared his experience of getting into real estate Some of the challenges faced in the early years of Real Estate & how the recession impacted the line of interest and business. This has only motivated him to stay on track & focused in the line of business He stressed the importance of a knowledge bank & the need to constantly be updated with areas of information He shared the importance of specialization & having a competitive advantage is crucial for a successful business He explained the role of each entity that he is involved in in a very crisp clear & concise manner. The role he is playing in each entity - Arms & McGregor International Realty - REI Capital Holdings Ltd - Block Square Created an arm of GMRA to deal with crypto-related business He clearly explained the Tokenization of real estate and how his entity can help investors, understanding the limitation of tokenization now & the future opportunities that are ahead He expressed the importance & preference for following regulations such as KYC, and AML as per local jurisdiction He shared information about weekly chat sessions he has with his co-founder. The event is called Block Chat. The sessions can be found via his LinkedIn Profile & his YouTube channel Strong advice for fellow business partners & investors getting into the space He shared the importance of being focused on reading the latest books and information He shared information on the book he has written, the motivation and the areas of focus of the book. For any comments or feedback send us an email to info@blockchaindxb.com
28th Sep Liveâ Dubai Metaverse Assembly in the Metaverse via YouTube here https://bit.ly/3SIPhJb agenda here https://bit.ly/3BSqBXD Museum of the Future DUBAI FUTURE FOUNDATION. Check out Blockchain DXB podcast every Friday âMetaverse Everythingâ here
đď¸ Links for podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đ The Crypto market is down to $912B & volume accounts for 93.42% of the total crypto market 24-hour volume. See slide 1 & 2 below.
đ¨ Digital Finance: CBDC â ď¸ Christine Lagarde of the ECB, the Federal Reserveâs Jerome Powell, and Bank for International SettlementsâââBIS general manager Agustin Carstens attended an online panel hosted by Banque de France
â ď¸ Jerome Powell participated virtually in the discussion at Digital Finance conference on Opportunities and Challenges of the Tokenisation of Finance: Strongly recommended to watch the full video here https://bit.ly/3BSmmeG His speech starts 01hr 12mins Brief discussion on FED now, and some positive info on smart contracts & more Jerome Powell did mention about discussion paper earlier this year & the focus on CBDC in the next years would be 1. Intermediated 2. Privacy protected 3. Identity verified (Not Anonymous) 4. Transferrable or Interoperable
đ A member of the European Central Bank (ECB) Executive Board in a speech considered the digital euro for Securities Settlements. Why not use Bitcoin & Bitcoin Blockchain as settlement layers? Official info here https://bit.ly/3rbibG7 He clarified the definition & purpose of Wholesale CBDC & more
âđť Check Blockchain DXB event where we discuss CBDC, the basics, Threats to freedom & its role in the Metaverse. You can download the PDF version here https://bit.ly/3fsBpEB
⥠Christieâs 3.0 - Christieâs has launched a new on-chain Ethereum NFT marketplace called Christieâs 3.0. A sophisticated and secure blockchain-native platform for sales. The 256-year-old institution has launched a new platform anchored by an exclusive collection from Diana Sinclair. Official info via Twitter here https://bit.ly/3LNQfBs
đ˝ Anonymous Message for the Bored Ape Yacht Club INVESTORS! they have once again made numerous allegations against Yuga Labs and its Bored Ape Yacht Club. via YouTube https://bit.ly/3ULisgn Will anything happen or just another gimmick by the Anonymous group? The names mentioned are very elaborate. Historically the Anonymous group have only been all talks & 0 actions
đĽ Celsius Network CEO Alex Mashinsky has submitted his letter of resignation, effective immediately, to the Special Committee of the Board of Directors of Celsius Network Limited. Info via Business Newswire here https://bitly.is/3Re4FMx
đĄ Two UAE news: ( See slides) ⥠UAEâs XA Group rolls out blockchain-based solution to end the impasse over claims recovery- Addenda ⥠DUBAI FUTURE FOUNDATION, PwC sign a strategic partnership for Dubai Metaverse Assembly
For slides click here: https://bit.ly/3xX9RNK
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
27th Sep
đ Bitcoin Orange Pill đ A Full Cycle detox. CoinDesk đ Tether.to USDT is there some drama?
đ§ Bitcoin: A Peer-to-Peer electronic cash system, could suck u deep into a rabbit hole Bitcoin Magazine has an interesting article that talks about Bitcoiner as one part of the journey, but bitcoin adoption happens when we can teach others about the importance of hard, sound money.
âđť As long as you donât provide fake news or misleading & incorrect information regarding Bitcoin as done by Michael Saylor from MicroStrategy & Dan Held Bitcoin may be successful in creating a separation of Money & the state BUT Human Greed, Game Theory & the fixed supply of Bitcoin is still a tough problem to solve?
đ Glassnode weekly insights The Great Detox talks about HODLers remaining # steadfast, with numerous metrics displaying a full cycle detox. Article here https://bit.ly/3ReRScI explains Short-Term Holders are into a severe unrealized loss & with reference to the DXY index, Bitcoin has remarkably shown a degree of relative strength. Crypto globe has an interesting article that talks about Bitcoin being above the $19K level despite US Dollar Index reaching its highest level in over 20 Years. Article here https://bit.ly/3LJTzh9 talks about how DXY has gone from 109.58 to 114.16, which is an increase of 4.18%. In last weekâs episode, we talked about how a high DXY index, means it becomes expensive for Bitcoin
đ˘ CoinShares weekly blog provides a concise screenshot of last
weekâs performance https://bit.ly/3xUQTaH it talks about inflows & outflows, particularly about Bitcoin & Ethereum. It also mentions Cosmos and XRP both saw inflows totalling US$0.4m and US$0.5m respectively.
đĄFor market, info See slides 1 & 2 for a detailed breakdown The volume of all stablecoins accounts for 91.82% of the total crypto market 24-hour volume.
â ď¸Coindesk vs Tether USDT whats the drama?
Tether.to USDT former Auditor Fined $1M by U.S. Securities and Exchange Commission for sloppy Accounting CoinDesk article talks mention Friedman LLP, a New York-based accounting firm that provided auditing services for the stablecoin issuer in 2017 is accused of âserial violations of the federal securities lawsâ & âimproper professional conduct.â the auditor was found to have lied about conducting its audits in accordance with the standards of the
The Public Company Accounting Oversight Board its mostly to do with the Chinese grocery chain iFresh
đ§ Earlier in the year, CoinDesk joined a court case seeking access to NYAG Tether Documents, some info here https://bit.ly/3r8u2of
đ¨ Two UAE news: (Check slides)
⥠The GThaler Universe will provide the technologies needed for organizations and individuals to create and enter into the metaverse
⥠Comtech Gold- Fully gold-powered token to serve Islamic investors & become the first in the Mena region to get a Shariah compliance certificate
For slides click here: https://bit.ly/3ShW6S9
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âĄLeder Wallet! Not your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
Blockchain DXB & Thomas Tumosa, Zen Republic
Host: RA George Blockchain DXB Guest: Thomas Tumosa, Zen Republic Date: 19th September Google Meet Session
đ Website: https://www.zenrepublic.space/
đ https://www.zenfighters.io/
đ¨Discord: https://discord.com/invite/zenrepublic đ¨Twitter: @ZenRepublicNDM đ¨YouTube channel: https://www.youtube.com/channel/UCmvHXJSTngyJ69t1pS-0rHQ đ¨Email: hq@zenrepublic.space audra@mpro.lt đ¨Zen wiki: https://zenwiki.gitbook.io/zen-republic-wiki/ đ¨Magiceden: https://magiceden.io/marketplace/zen_fighters âĄThomas Tumosa will be visiting Dubai on the 29th of September
Summary of the conversation âĄHe shared his experience at the Solana Meetup event & some challenges at the event âĄHe shared his experience on how he got involved in NFT, after finishing his studies in computer science and his work experience in the VR industry âĄHow he started the Zen Republic âĄHis interest in Dragon ball Z, Harry Potter & fantasy worlds & different worlds come together as the main motivation for the Zen Republic âĄA detailed explanation of the Zen Republic âĄHow he thinks is just not about Art but also about utility âĄHow he learnt things on hands-on experience & learn things daily with hands-on work experience âĄHe shared his opinion on the Metaverse and how people misunderstand the true meaning of the Metaverse âĄHe shared information about learning NFT from Discord & how he considers Discord the text-based version of Metaverse âĄHe also learnt a few things on YouTube âĄHe shared challenger at the early stages of & a frank conversation about his learning experience âĄShares his purpose for visiting Dubai âĄConnect with artists from Web2 & Web3 âĄHelp them to sell arts directly from the Discord channel itself âĄConnect with investors & platforms dealing with art to promote the Zen Republic âĄGave the motivation to start the Zen Republic âĄA detailed explanation of the Zen Republic âĄArtistic & interactive way of explaining âĄA detailed explanation of the project âĄGreat storytelling âĄConnection to VR soon âĄLaunching an NFT collection in a week âĄDifferent approaches to minting âĄImportance of building a community and offering education & help âĄTrying a new concept of issuing vouchers via the website instead of whitelisting âĄReason for choosing Solana over Ethereum âĄDetailed information on Zen Fighter âĄA mixture of NFT + Virtual Reality âĄAvatar names & IDs of the team members on the website âĄA new project that Thomas Tumosa s currently working on âĄExcellent way of explaining the game âĄFuture changes in VIP tickets via NFT âĄMinimalism soon & impact on NFT & vice versa âĄHow NFT can help resources in a natural environment âĄPassion for music, hip hop trap, Japanese music âĄThomas Tumosa was also born in Dubai & lived here for the first 3 months
26th Sep đŤCryptomarket = $925B , 24 hour trading Volume at $50.9B , Stablecoins accounts for $45.63B See slide no 1 & 2 below
đď¸ Links for podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đ Are stablecoins a safe haven for cryptocurrenciesâ
Who wins the war on stablecoins? - Tether.to USDT - Circle USDC - Binance BUSD - CBDC
đŚEuropean Unionâs MICA ie Markets in Crypto-Assets is getting in the way of Circleâs Euro Coin as it aims to instil regulatory clarity around crypto assets. Cointelegraph has an informative article https://bit.ly/3DULjJc
âđť Defense Advanced Research Projects Agency (DARPA) the research and development agency of the U.S. Department of State in partnership with Inca Digital is currently researching the Risks of Crypto to National Security More info via The Washington Post https://wapo.st/3LLWg1M
đ¨The project is part of the U.S. governmentâs wider crackdown on illicit uses of digital assets. Inca Digital will develop tools that give the Pentagon a granular view of crypto marketsâ inner workings, in part to help authorities crack down on illicit uses of digital assets. CEO Adam Zarazinski has some interesting things in the article, particularly about scams
đ¨Earlier in June DARPA had also partnered with Trail of Bits which released a very critical report that examined unintended centralities in distributed ledgers. report here https://bit.ly/3UC28P4 the blog provides a critical & informative summary https://bit.ly/3dJfUPk
Assembly Bill 2269âââVetoed by Office of California Governor Gavin Newsom a good move? Bill here https://bit.ly/3CbfcU8 He recommended a âmore flexible approachâ & that he is waiting for federal regulations to âcome into sharper focus for digital financial assetsâ before working with the legislature to establish crypto licensing initiatives.
A good move for the cryptocurrency industry for sure as it would have created a licensing regime for anyone hoping to facilitate crypto transactions, likening it to how money transmissions are currently overseen by the Money Transmission Act. Left-wing leaning democrat Tim Grayson who sponsored the bill shared his statement via Twitter here https://bit.ly/3xNUZBd
đĽLiverpool Football Club expands its partnership with Sorare, they will release new unique experiences for the football fans. Multimedia fan content and release new unique experiences for Reds fans and Sorareâs managers. Info here https://bit.ly/3Rbmcoj
đĽ AC Milan partners with MonkeyLeague to launch new NFT Game Official info https://bit.ly/3BJufDo The first and more exclusive batch will be auctioned on 6 Oct on Magiceden
đĽTwo UAE news: (See slides) ⥠Metaverse Community Gather to Discuss and Showcase the Potential of this New Immersive World- Dubai Metaverse Assembly 28thâââ29th Sep, Museum of the Future DUBAI FUTURE FOUNDATION ⥠Metaverse Everything podcast by Blockchain DXB
For slides click here: https://bit.ly/3Cdu7gT
đď¸ Links for podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
LinkedIn Profile: https://bit.ly/3AAN504
To help support the channel click the links below âĄStartup Oi Link here: https://bit.ly/3f46zC5
âĄRise in Obstacle Course Race Podcast (Launching soon) Instagram: - Podcast info: @theriseinocr Podcast Host: @am_aminoo_ Podcast Host: @black_incarnation For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
âĄVertex Events Link here https://vertexgroup.ae
âĄLeder Wallet! Not your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
đď¸Metaverse Everythingđď¸ Price of Metaverse Platforms â But Global Cryptocurrency downđť
đ Cryptocurrency, NFT & Blockchain protocols linked to Metaverse are up in price the market share & 24-hour trading volume are up in comparison to last week. Looks like the interest rate hikes Chair Jerome Powell of the Federal Reserve Board had a positive impact on this platform. See slide 2 below
âQuestionâ
How will Inflation, Deglobalization & New World order impact mainstream adoption of the Metaverse?
Delay the mainstream adoption
Mainstream adoption will be quicker
đď¸ Links for podcast here :
Anchor: https://bit.ly/3Po8eio
Spotify: https://spoti.fi/3y3Fapq
Google: https://bit.ly/3ysvrL0
Anghami: https://bit.ly/3AiLNp5
đĽ Metaverse Standards Forum has an update check slides 3 & 4 below.
đđźââď¸đđźFitness in Metaverse
Our opinions on Fitness in Metaverse in slide 7 below
5ď¸âŁ Metaverse news from the world
đ Vogue Singapore launched a fashion-first Web3 community known as âVogue Singaporeâs New World.â Info here https://bit.ly/3Cd21m1
đ Harvard Business Review article on Designing an Inclusive Metaverse has some interesting points. Here https://bit.ly/3xLQI1v
đâž LootMogul has secured a $200 million investment from alternative investment firm Global Emerging Markets Info via Investing.com here https://bit.ly/3dwpt49
đ PHD in Metaverse
Harjyot Oberoi Bohra, Head of Magazines and Promotions, Khaleej Times, is the first applicant for the European Digital Universityâs
doctorate in the metaverse. https://bit.ly/3qXuDZY
đ Alibaba Group leverages the Metaverse to Offer âMulti-Dimensional Interactionsâ to Luxury Customers. âMeta Passâ and a host of virtual avatars, mascots and events. Info here https://bit.ly/3xNAvJ7
5ď¸âŁ Metaverse news from Dubai & UAE
đ Mars Mission in Metaverse
đŠâđ Simulation of UAEâs 2117 Mars mission to be created in the metaverse. Mohammed Bin Rashid Space Centre and Bedu will collaborate on the ideation, creative development, and visualisation of the 2117 metaverse elements. Info via Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮا٠âââhere https://bit.ly/3C0QQN2
⥠Dubaiverse
Animoca Brands Brandâs Sandbox to launch metaverse in Dubai Source via Binance here https://bit.ly/3fgH8NL
đď¸ đď¸AlDar Properties to launch metaverse in 2023, virtual real estate for sale by the 1st quarter. News via Arabian Business here https://bit.ly/3fdvp2m
đ¨PESTLER analysis of Metaverse
Blockchain DXB event on Macro level analysis on P-Political, E- Economical, S- Social T- Technological, L- Legal E- Environmental, R- Religious factors that govern Metaverse & Vice-Versa
đ´Future Blockchain Summit 5th Edition to create global business opportunities for crypto, metaverse innovators. Info here https://bit.ly/3xI7MVW
For slides click here: https://bit.ly/3C4Lctp
LinkedIn Profile: https://bit.ly/3AAN504
To help support the channel click the links below
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âĄRise in Obstacle Course Race Podcast (Launching soon) Support the channel, Support the Athletes! Instagram: - Podcast info: @theriseinocr - Podcast Host: @am_aminoo_ - Podcast Host: @black_incarnation For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com
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âĄLedger Wallets Not your keys, Not your Crypto!
Link https://shop.ledger.com?r=ae54df359c4d Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
22nd Sep đšGlobal Crypto market down to $896B đťas Federal Reserve Board announces interest rate hike of 75bpsđ
đ¨đźFOMC Press Conference was live via YouTube, and Jerome Powell announced the interest rate hike. https://bit.ly/3LAc8nD. See slides 1 & 2 below & check the Blockchain DXB podcast here to get our commentary on it.
đď¸ Links for podcast here : Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đď¸ CNBC reported that Hong Kong stocks falls 2% after Federal Reserve raises rates info here https://cnb.cx/3UxYRjB & Article here https://cnb.cx/3BWqpbg share more information about the impact on Japan, South Korea, China & more Luckily Australiaâs market was closed for a holiday
đ° Seeking Alpha mentions Bitcoin and ether slide in a volatile session after Feds. In the article GlobalBlock analyst Marcus Sotiriou states that Raising rates is negative for crypto as it becomes expensive to borrow. Article here https://bit.ly/3LCjNBZ
đ´Cardano ADA upgrade is still on schedule despite the price doing down for the last 24 hours Ledger has mentioned via their support Twitter account that they are ready for the Vasil upgrade tomorrow. What is your expectation from the upgrade? - Price pumps - Price dumps further?
âŹPossible Black Swan event for crypto? đ¨ Decrypt has reported that A judge in New York has ordered stablecoin Tether.to to produce financial documents proving the dollar backing of USDT, as part of a lawsuit alleging the firm manipulated crypto markets. They have been ordered to release âgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statementsâ Article here https://bit.ly/3Lxoc9g & official order here https://bit.ly/3qZR150
đââŹTether.to has responded via their website & claims it to be a meritless case A two-paragraph (6 lines to be precise) explanation can be found here https://bit.ly/3S5RuhU. Would be really interesting to revisit the 1st audit report presented by the team ( 1page pie diagram) This was in 2021 https://bit.ly/3BYSoXD An interesting article via Medium here too https://bit.ly/3UuDBex
đđťOpenSea, the largest non-fungible token (NFT) marketplace has made some announcements here https://bit.ly/3LvVkhO 1) Chain Expansion 2) Internationalization ie language support in Chinese, Korean, Japanese, French, Spanish, and German. Blog here & in the previous blog here https://bit.ly/3qVElvJ mentioned An Immersive and Secure Minting Experience. A new The New Drop Experience on OpenSea, Dedicated Drop Pages, Sea Dropâââa new, open-source smart contract, Minting, Allowlists.
đĽ Two UAE news: (See slides below)
⥠Royal family of Dubai company Seed Group, partners with CoinCorner to facilitate Bitcoin transactions in the UAE. âĄBlockchain DXB: List of educational events in October: Bitcoin, Ethereum, NFTs, Central Bank Digital Currencies, Stable Coin, Metaverse & more
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âĄVertex Events Link here https://vertexgroup.ae
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
21st Sep đ˘Interest Rate Hike announcementđ˘ Global crypto market cap is $926.78Bđť
đ¨đźââď¸ Federal Reserve System Board chair Jerome Powell will announce the interest rate hikes later today. This could sway the price of Bitcoin & Cryptocurrency in either a positive or negative way.
âď¸With mid-term elections taking place on the 8th of November, what would the interest rate hike be? -100 basis points - 75 basis points - 50 basis points - Other
đ Is Bitcoin truly Apolitical?
We at Blockchain DXB have a session next month we discuss PESTLER analysis on Bitcoin ie P- Political E- Economical S- Social T- Technological L- Legal E- Environmental R- Religious
đAccumulation of Bitcoin is among the multibillionaires vs Average individual - MicroStrategy buys 301 more Bitcoins & official details can be found through Security Exchange Commission filing here https://bit.ly/3UodYMy The multi-billion dollar company now holds almost 130K CoinDesk article here confirms The software company purchased the additional coins at an average price of $19,851. https://bit.ly/3DHC3rU
âđť Human Greed + Game theory + Supply of Bitcoin (Fixed) = Makes Bitcoin not an ideal form of money. With over 90% of supply among early adopters, multibillionaires, celebrities & multi-millionaires, will bitcoin ever succeed in playing a pivotal role in the separation of Money and the state?
âšď¸ Ethereum + Bitcoin info
CoinShares weekly blog via Medium states - Post-Ethereum Merge flows indicate continued caution amongst investors with the 4th week of outflows totalling US$15m. - Bitcoin saw inflows totalling US$17m, the first inflows following a 5-week run of outflows that totalled US$93m.
See our slides 1& 2 where we discuss market share, 24-hour trading volume & Dominance between #BTC & #ETH on a daily basis. Price info via CoinMarketCap. We are tracking the price movements a few hours before the interest rate hike is announced, during the live event & few hours after the announcement of the interest rate hike as we strongly feel this news could determine the price for the rest of the month
đĽ Two UAE news ( See slides below) ⥠Dubai Police HQ, Al Ameen Service held online gaming and metaverse at the forumâââon 19th Sep at Museum of the Future ⥠HSBC executes the first blockchain transaction for Middle Eastâs automotive sector (Is it really Blockchain technology though?)
đď¸ Listen to our podcast here we discuss why it is not Blockchain technology & also AMA for the here Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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âĄStartup Oi startup oi is a global one-stop platform for tech. Link here: https://bit.ly/3f46zC5 âĄRise in Obstacle Course Race Podcast (Launching soon) Support the channel, Support the Athletes! Instagram: - Podcast info: @theriseinocr - Podcast Host: @am_aminoo_ - Podcast Host: @black_incarnation For sponsorship inquiries or to get featured drop an email to riseintheocr@gmail.com âĄVertex Events organized the 1st Ever Blockchain Summit in the History of the World EXPO on 10â11 October 2021 at Dubai Expo 2022. Link here https://vertexgroup.ae âĄNot your keys, Not your Crypto! https://shop.ledger.com?r=ae54df359c4d
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #cryptocurrency #merge
20th Sep đŤInflation vs Crypto adoption what is the correlationâ Cardano Vasil upgrade â #ETH = Ultrasound Money?
âArgentinaâs inflationâââ80%âââCrypto Adoption 11 âNigeria inflationâââ20.52%- Crypto Adoption 13
đ Input Output (IOHK) mentioned via Twitter a few hours ago that #Cardano is approaching the #Vasil upgrade which will bring increased functionality, performance, scalability, and interoperability to the #blockchain through new features and improvements. The hardfork will take place on the 22nd the day after Federal Reserve Board chair Jerome Powell talks about the interest rate hikes. Could this impact the price of #ADA?
đŚ While the upgrade takes place 3 days from now Vasil functionality becomes available on September 27âââin one epoch time after the hard fork on September 22
âđťA blog here explains all info https://bit.ly/3LolUcF What are your thoughts on this blog? A bit too perfect
đ° Grayscale Investments out of nowhere tweeted a video of Charles Hoskinson dating back to the 23rd of June this year, where he was talking about The Future of Digital Asset Regulation at the House Agriculture Committee available via YouTubeThe timing of this tweet through. Video here https://bit.ly/3Lp9CAO
đ§ While the multi-billion giant is tweeting about âThe power of blockchain technology is its universality and permissionless model for innovation,â Letâs look at crypto adoption in Argentina & Nigeria The CPI number for Argentina states its inflation is 78.5% Official info here https://bit.ly/3UmAlly Bitcoin.com article states The poor performance of the Argentine economy has led its citizens to explore alternative ways of maintaining their purchasing power against inflation & Argentina is no longer in the top 10 countries with the most cryptocurrency adoption. Article here https://bit.ly/3drWj60
đŁ As per Chainalysis Inc. Vietnam, Philippines, Ukraine, India, USA, Pakistan & China are among the top Countries for Crypto Adoption, Interesting that given the Chinese governmentâs crackdown on cryptocurrency activity, the adoption rate has not been affected Official info here https://bit.ly/3LpvV9x
đ¨ Letâs look at inflation vs crypto adoption for the top 5 countries 1. Vietnam 2.89% 2. Philippines 6.3% 3. Ukraine 23.8% ( Adoption mostly due to donations/war) 3. India 6.02% 4. USA 8.3% 5. Pakistan 27.3%
đŚđ Ethereum ultrasound money?
đ Thanks to the London hardfork in Aug 2021 EIP1559 the supply is cleverly managed and a greatarticle by Jamie Redman von Bitcoin.com states 4.6 Million Fewer Ethereum by Next Year thanks to EIP-1559 and Post-Merge ruleset changes & post-merge data indicates that 297,000 ETH will be burned annually at current rates and issuance has dropped from 3.78% per annum to 0.22% to 0.25% per year. Info here https://bit.ly/3QXoZSa
đĽ2 UAE news (See slides)
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âĄVertex Events organized the 1st Ever Blockchain Summit in the History of the World EXPO on 10â11 October 2021 at Dubai Expo 2022.
Link here https://vertexgroup.ae
âĄNot your keys, Not your Crypto!
https://shop.ledger.com?r=ae54df359c4d
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
19th Aug
đťThe global crypto market is $946 Billionđť FOMC Meeting đ¨on 20th & 21st could determine the price of crypto for the rest of the month!
đ Meanwhile, the volume of all stablecoins is now at $51.24B ( Not ideal) as it makes CBDC use case easier. See slides 1& 2 below.
đŚ The FOMC meeting takes place on 20th & 21st. The Federal Reserve Board will release the details of the Info can be found here
https://bit.ly/3ApMWe4 Fed Chair Jerome Powell will go live via YouTube & will announce the next interest hike! Most likely another 75bps or 50 bps? CNBC article states the Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows https://cnb.cx/3BopajK But with mid-term elections coming up will the interest rates be less than anticipated? Financial Express (India) feels the Fed may announce a 50â75 bps rate hike in Sep monetary policy as inflation persists https://bit.ly/3qNU7Zy
⥠#ETH & #BTC metrics
đĽ Centralization/ Accumulation of Bitcoin
BTC whales & long-term hodlers now own 13.62 Million BTC
Glassnodeâs data indicates that the long-term holders of the worldâs most valuable digital currency now own approximately 13.62 million Bitcoin, the highest level on record.
đŤ #fact: People who benefitted from Bitcoin are
Early adopters
Multibillionaires & Millionaires
Financial institutions & Celebrities
â How many people from 1st world developed countries vs. underdeveloped countries have benefitted from Bitcoin?
đđť El Salvador did make Bitcoin a legal tender. What was the outcome?
Seeking Alpha has reported that El Salvadorâs debt rating is cut again at Fitch Ratings. Downgraded to CC. Official report here https://bit.ly/3Sf4EIS & article here https://bit.ly/3SfdwhG
âBTC price predictions are 100% right- 50% of the timeâ
đ¤ Goldman Sachs economists led by Jan Hatzius bearish macro outlook puts Bitcoin at risk of crashing to $12K The prediction is based on Federal Reserve Board rate hikes. They noted that the U.S. central bank would increase rates by 0.75% in September and 0.5% in November, up from their previous forecast of 0.5% and 0.25%, respectively
đ¤ We Blockchain DXB feel as the Mid-term elections are a few months away we may see a temporary pump in the stock market & the price of cryptocurrencies
A few weeks ago the number of non-zero Ethereum addresses just reached an ATH of 85,367,215 Glassnode mentioned via Twitter here https://bit.ly/3qTwyOV. The number has increased by now
đ Post Merge an Ethereum whale has transferred 109,515 ETH from an unknown Wallet. Info via Whale Alert here https://bit.ly/3SecQJv The overall value of the transfer stands at around $150 million. the price of #ETH has significantly dropped since then
âĄUAE (Check slides)
đĽ Dubaiverse: Animoca Brands Brandâs Sandbox to launch metaverse in Dubai, and other global cities
đĽ NOSTRAVERSE to launch UAE subsidiary, hire over 100 employees for ambitious Metaverse project
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16th Sep! đ´Metaverse Everything! A Hybrid Metaverse vs Centralized Metaverse vs Distributed Metaverse would be realistically possible & ideal.
Ethereum is GREENđł BUT Cryptomarket is đť See slide1 below ApeCoin, Decentraland đť, The Sandboxđť, Axie Infinityđť, Theta Networkđť
đď¸ Listen to our Podcast đď¸for commentary here Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đ¨We also share hardware for Metaverse such as AR/VR & MR & what companies will have a competitive edge in the Metaverse? See slides no 3 & 4 below. Meta vs Samsung Electronics vs HTC vs Sony could be the dominant players.
đ Slide no 5,6,7 share some key points on A Hybrid Metaverse vs Centralized Metaverse vs Distributed Metaverse
đŚ NVIDIA inventor of GPU has an event that will feature 200 sessions on AI, the metaverse, and Omniverse. A must attend especially if you are in the Metaverse industry. Registration here https://bit.ly/3eV4HLE
5ď¸âŁ Metaverse news from Dubai! đ° METAFI secures funding from Dubai heavyweights Zawyaâs article here states Over 90,000 people are waitlisted for the platform launch later this year. https://bit.ly/3qLcqP0
đ¨ HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum attends a talent show in Dubai that was simultaneously held in the metaverse, A talent show in Metaverse! News via Government of Dubai Media Office here https://bit.ly/3diNHyr
đŻ Virtuzone & pax.world is in a deal to build a V-shaped tower in the metaverse. Info Via KQED here https://bit.ly/3ds7KdM
đĽ The Private Office Of Sheikh Saqer Bin Mohamed Al Qasimi is all set to make a foray into metaverse with a launch of its new platform âOmmyo More info via Khaleej Times times here https://bit.ly/3xtXh8q
đ UAE startup MetaEssence to be the worldâs first specialised G2B2C Web3.0, metaverse solutions provider. Source ThePrint https://bit.ly/3Uau1O1 Fatma Fatma Elsafty, Founder and CEO of MetaEssence has some interesting things to say in the article
5ď¸âŁ Metaverse news from the world! đđź Spartan released Unbreakable Pass! In an ambitious NFT project, Joe De Sena is on a mission to make fitness great again! A brilliant move! Will we see OCR in the Metaverse?
đĽ European Union discussed The Virtual and Augmented Reality Industrial Coalition Info here https://bit.ly/3BmO3w3
â˝ LaLiga enters Decentraland metaverse through StadioPlus licensing deal Source Bitcoin.com here https://bit.ly/3qLA7qE
đŽ Metaverse, VR in the spotlight as Tokyo Game Show opens Article here https://bit.ly/3Ug8mUz
â NVIDIA online GTC event will feature 200 sessions on AI, the metaverse, and Omniverse in few days Registration here https://bit.ly/3eV4HLE
For slides click here: https://bit.ly/3eSEU6S
LinkedIn Profile: https://bit.ly/3AAN504
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
15th Sep đŠ Ethereum Merge đŠ POW to POS đ Ethereumâs Merge will reduce electricity consumption by over 99%
đ¨ When does Ethereum Flip Bitcoin? See slides 1 & 2 for a comparison of the Market cap, 24-hour trading volume, and Dominance. Will the metrics change from the 16th onwards? Price via CoinMarketCap also they have a 1 ETH giveaway here https://bit.ly/3S6NH3i & poll on ETH- POW & ETH- POS
đĽCBDC on Ethereum! đŚ Norwayâs monetary authority, Norges Bank & Nahmii AS are working on CBDC, but they are making the source code is opensource! The CBDC code is now available on GitHub, offered under an open-source Apache 2.0 license, Code here https://bit.ly/3UmgR0z The power of Opensource! More info via the official blog here https://bit.ly/3dbISa7
đľđťIf code is open sourced & if Zero-knowledge proof is utilized for CBDC. Do we really need Stablecoins? The value of Bitcoin & cryptocurrencies could also reduce.
⥠We at Blockchain DXB have an event on the 14th of October via Eventbrite & audio-only version via Podbean (See slide below under UAE news) for more info.
đ A future may look something like this - Bitcoin + NFT = Store of value - Ethereum/ Blockchain Protocols= Store of value + Medium of exchange? - CBDC + Sable Coins + Ripple Net = Medium of exchange
đ The court in Seoul issued a warrant for Do Kwon and five others on allegations that include violations of the nationâs capital markets law. The info via Bloomberg LP is based on a text message from the prosecutorâs office. Article here https://bloom.bg/3BBr2qt Unfortunately, the news does not mention the courtâs name & any official source for the news. Could this be a rumour or legit news?
đ´ Sanctions! & FAQ on Tornado Cash The U.S. U.S. Department of the Treasury Sanctions IRGC-Affiliated Cyber Actors for Roles in Ransomware Activity. They have sanctioned ten individuals and two entities for their roles in conducting malicious cyber acts, including ransomware activity. Detailed info with names here https://bit.ly/3QR7SBy
đ´ There are 4 FAQâs in relation to sanctions on Tornado cash, definitely worth checking it out here https://bit.ly/3Lt8bBv
â 2022 The year of Binance Binance has partnered with Google to bolster Web3, blockchain startups. The BNB Chain ecosystem participants are set to have access to Google Cloud services in a newly formed collaboration. Cointelegraph has reported that this will see over 1,300 active, BNB Chain-based decentralized applications (DApps) from the world of decentralized finance (DeFi), Metaverse, blockchain games and nonfungible tokens given access to the tools and infrastructure provided by both platforms. Article here https://bit.ly/3RLAP30
đĽ Two UAE news (See slides) ⥠Abu Dhabi Global Market (ADGM) Market Publishes Guiding Principles on its Approach to Virtual Asset Regulation and Supervision ⥠Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 07th Oct event by Blockchain DXB
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
14th Sep CPI index 8.3% Inflationđş Cryptomarket below $1Trillion đť Fuel Price đť
đ¨ The consumer price index released by the Bureau of Labor Statistics Statistics shows Fuel & Energy have seen a reduction but shelter, food, and medical care saw an increase. Official info here https://bit.ly/3xmDA3i
đ A few hours ago In UK Office of National Statistics also released inflation numbers & with UK inflation at 9.9% but fuel prices have seen a decline info here https://bit.ly/3UaZeQS
đŤWhere does Bitcoin fit into all of this? Since the official CPI numbers were out Bitcoin did lose $40B in its market share & Ethereum $15B. See slides 1 & 2 below for more info. Price info via CoinMarketCap Bitcoin.com has also mentioned that #BTCâs U.S. dollar value dropped over 9% on Tuesday afternoon (ET), following the recently published CPI numbers! Article here https://bit.ly/3RPnWVK
â CoinDesk article also states steep drop in Bitcoin, and Ether causes over $250M in Futures Losses. The article mentions that XRP dropped 8%, Solanaâs SOL fell 7% and Cardanoâs ADA plunged 7.5% & quite a lot more https://bit.ly/3xlR5iS
𤯠The only thing that has gone high is the Bitcoin Mining Difficulty which has reached another ATH & is currently at 32.05 trillion hashes. After two difficulty increases during the past month, the networkâs mining difficulty jumped another ââ3.45% higher on September 13.
⥠Glassnodeâs insights describe Proof-of-Stake consensus, the transition estimated to be on the 15-September-2022. Some useful information on Validators Replacing Miners, Validator Performance and Revenue & a lot more here https://bit.ly/3RVbR0U
⥠Finance Magnates also has an interesting article on Corporate Perceptions on Ethereum https://bit.ly/3S0w9pr Ethereumâs Merge will reduce electricity consumption by over 99%. This will surely get a lot of attention for ESG concerns.
As and when institutional investors & retail investors are interested in Ethereum could it flip Bitcoin faster than anticipated? âBitcoin is Sound Money âEthereum as Ultrasound Money? đđŚ
đ Ethereum POW post Merge ETHPoW (ETHW) will happen within 24 hours after the Merge. The group intends to continue Ethereum Proof of work & detailed reasoning & explanation can be found via Medium here https://bit.ly/3eLR0i3 More info via Cointelegraph here https://bit.ly/3RZzMfs
đ¨ Doodle & NFT news! Doodles Ethereum NFT sales have surged 1,200% Reason for the surge is that Reddit, Inc. inc co-founder Alexis Ohanian Sr. . led a funding round in the Pharrell Williams-backed NFT project. This has led the project to be valued at $704M Info via Decrypt here https://bit.ly/3RIZC7P
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Two UAE news: (Check slides )
đĽTwo UAE news: (See slides) ⥠Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 07th Octâââ23rd Oct by Blockchain DXB ⥠Ethereum Beginners Guide Blockchain DXB 07th Oct by Blockchain DXB
For slides click here:https://bit.ly/3qIzcXH
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
13th Sep
CPI numbers đ Ethereum Merge! What news will dominate the price of cryptocurrencies? đ¤¨ETHMerge NFT!
đ¨ See slides 1 & 2 below for Price info CoinMarketCap
đĽ CPI numbers will be out via the Bureau of Labor Statistics, this will determine Bidenflation numbers & US News Update has reported that Tuesdayâs number will have more than purely economic significance. With just two months left before the critical midterm elections, The White House is eager to see further progress on inflation.
đŤPOW to POS
Henri Arslanian, co-founder of Nine Blocks Capital Management has put an article via LinkedIn that shares 10 things You need to know about the Merge a good read here https://bit.ly/3xdoiNx
đ Ethereumâs Merge will reduce electricity consumption by over 99%. How will this narrative impact Bitcoin? With the woke agenda of Larry Fink CEO of BlackRock who is actively working on ESG concerns, could it be possible that most POW protocols
switch to POS?
â CoinShares medium blog states that Investor jitters over the Merge & prompt outflows from Ethereum & it saw outflows totalling $62million last week despite the improved certainty of the Merge Info here https://bit.ly/3eIrN8a
đď¸ Podcast recommendation on Merge
đŠđź Preston Van Loon also has an interesting episode with Laura Shin from Unchained Podcast on Ethereumâs Merge
đŹ Bankless podcast series of episodes explaining Merge & if it is priced in already some interesting interviews with Arthur hayes, Jordi Alexander, Time Beiko & Vitalik Buterin
đ What the NFT is going on?
⥠Tim Beiko of the Ethereum Foundation just mentioned via Twitter about Ethereum Merge NFT & Merge NFT & thereâs a whole art show of them. All the proceeds go to proceeds go to devs &
researchers via Guild Protocol. Tweet here https://bit.ly/3RFGVSu
đ Ford Motor Company plans to enter the Metaverse with Virtual Cars and NFTs. News via DailyCoin https://bit.ly/3RULFTU & official fillings via USPTO Office here https://bit.ly/3xhi7rw
đڧBored Ape Yacht Club NFT Metaverse Band taps BeyoncĂŠ, Bruno Mars Producers ie Universal Music Group via Decrypt https://bit.ly/3QCN2Wi
â Starbucks leverages Polygon Technology for Web3 Push, a Coffeehouse Chain to issue NFT Stamps via the official blog https://bit.ly/3B7Niqt
đ Pascal Gauthier, CEO at Ledger states interest in crypto & NFT is here to stay via Cointelegraph here https://bit.ly/3DkVQx0
đď¸ Hollywood legend Quentin Tarantino ends âPulp Fictionâ NFT lawsuit over copyright infringement Official info via United States District Court, Central District of California here https://bit.ly/3QCZrcE
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Two UAE news: (Check slides )
đŤ CyCoin wants to be the most powerful cryptocurrency in the world- Centralized?
đCrypto Valley Association & Crypto Oasis to boost blockchain development in ME
For slides click here:https://bit.ly/3qygB0t
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
12th Sep đBitcoin for the Multi Billionaires OR for the people? Global Cryptomarket in đ $1.06T BUSD volume đ
đ° Multibillion $ company MicroStrategy plans to sell up to $500 million of stock to fund more cryptocurrency purchases. Official filing with Security Exchange Commission https://bit.ly/3RRYrm6 They have entered into a sale agreement with Cowen and Company, LLC, Research Division, and BTIG
Misleading & Fake news đĄMichael Saylor former CEO of MicroStrategy has been providing a lot of #fakenews, Misleading & Incorrect information via his Twitter Why? The answer is simple he wants to pump the demand so his existing net value in Bitcoin increases. He is also being sued by the District of Columbia for Tax fraud.
đŤ With the accumulation of Bitcoin & with him being involved in the Bitcoin mining council would it be possible for the state to force him directly or indirectly to make changes to Bitcoinâs code & ecosystem? Historically Bitcoin has had a strong allergic reaction to Councils. What will happen to the price of Bitcoin if MicroStrategy decides to dump all its Bitcoin?
đđźââď¸â Is Bitcoin for Billinairse or for average individuals? Accumulation of Bitcoin is in the hands of a selected few, Multi-Millionaires, Billionaires, Celebrities & early adopters, definitely not ideal for Peer to Peer electronic cash system!
đđź Race of Stable coins! See slide No 2 for detailed numbers. Who wins the war between Tether.to USDT, Circle USDC & Binance BUSD OR will CBDC overtake them all?
đĄ Check Blockchain DXB PDF document on Central Bank Digital Currencies: The Basics, Threats to Freedom & its use case in the Metaverse here https://bit.ly/3qvFqKC
𤍠Cointelegraph has reported that Binance removes 3 stablecoins, & has No plans to auto-convert Tether, though that âmay change Article here https://bit.ly/3RWeCio & Any users that are still holding the three stablecoins on Sept. 29 will begin to have their holdings auto-converted to BUSD at a 1:1 ratio over a 24-hour period Changpeng Zhao CEO of Binance has tweeted that they are just merging all liquidity into one pair https://bit.ly/3d36ei8
đď¸ KPMG has released a report called Pulse of fintech H1â22 a 62page document discussing payment space, Blockchain & Cryptospace taking a hit in the market & trends to watch out in H2'22 & they claim the slowdown in crypto investment will continue in the second half of 2022, Report here https://bit.ly/3U0eNuG Some interesting information on top 10 global fintech deals in 2020 Top10 fintech deals in the Asia Pacific such as Afterpay YAYOI,Superhero & more
đĽ Two UAE news: (See slides) ⥠Blockchain.com to open Dubai office after securing preliminary regulatory approval ⥠Crypto PR | Web3 Marketing | Digital Transformation Advisory is helping the Web3 and crypto companies onboard in Dubai
đď¸ Listen to our Podcast here đď¸ We also share points Identify Scams & Illegitimate projects see slide no 6
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09th Sep đď¸Metaverse Everythingđď¸ Semiconductor/Nano chips in the Metaverse & the impact in the New World Order by Blockchain DXB
â See slides, no 2 & 3 below we discuss Nationâs ability to constant updates & change with newer technologies & changes could lead to a competitive advantage
đ Will Meta be a dominant player in Metaverse? A jew partnership with Qualcomm to deliver a multigeneration Metaverse experience Official info here https://bit.ly/3RVOCDT will help them be a world leader in Metaverse!
đ˘ Meta wants to showcase the potential social and economic impact of the metaverse in Europe https://bit.ly/3d5cKoH
đ We also share 4 factors at the macro level for Businesses to have a competitive edge in Metaverse so far as semiconductors & Nanochips are concerned - Early adopter - Mass production & Distribution - Economies of scale - Adaptability
5ď¸âŁ Metaverse news from Dubai đĽDubai Metaverse Assembly to host Metaverse event DUBAI FUTURE FOUNDATION (DFF), will host World Economic Forum, Meta, Mastercard, Emirates & Accenture, among other global organizations. Dubai Metaverse Assembly at the Museum of the Future on September 28 and 29 Emirates News AgencyâââWAMâââŮŮاŮŘŠ ŘŁŮباإ اŮؼ٠اعاتâââŮاŮ
đđźââď¸ Blockchain DXBâs Metaverse Everything Podcast announces AMA (Ask me Anything) where you can ask any questions about Metaverse!
đď¸ A Beirut After the Blast documentary premiered with a special Metaverse screening at DIFC, MContent Fahed Abu Salah Umair Masoom Usmani. Here https://bit.ly/3DcOmvS
đ¨ Verse Estate gets into the metaverse & is introducing hyper-realism to provide a more enriching virtual environment allowing people and businesses to transition seamlessly to the virtual world. Cointelegraph here https://bit.ly/3eD7JEn
âŚď¸ GITEX GLOBAL gets ready for Metaverse through Xverse Check their Instagram video! Check here for more info https://bit.ly/3RAWquQ
5 Metaverse news from World đ° Metaverse Magna raises $3.2M at a $30M valuation to build Africaâs largest gaming DAO Nestcoin. Source: https://bit.ly/3qs8nXS
đ Legendary cricketer Kumar Sangakkara is set to form a new esports company Source here https://bit.ly/3d4sici Krishan Deegalla
đ˝ An AI-powered humanoid robot is the new CEO of a Chinese metaverse company NetDragon Websoft Holdings Limited 眲éžçś˛çľĄć§čĄćéĺ Źĺ¸. Source WION (World Is One News) https://bit.ly/3BqDDwH
đ Hongqi, a Chinese luxury car marque owned by the automaker FAW Car Company launches three bold electric concepts in its New Metaverse ChinaDaily.com.cn https://bit.ly/3RyxHY8
đŤMeta is helping 10 universities to come together and create virtual campuses in the Metaverse via Bitcoin.com https://bit.ly/3Dlyl6O
đď¸ Listen to our Podcast here đď¸ We also share points Identify Scams & Illegitimate projects see slide no 6
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08th Aug đŤ A failed experiment? Bitcoin was officially made a legal tender in El Salvador a year ago.
đĽPrice info (See Slide no 3 for detailed info)
â06th Sep 2021 ( A day before) Bitcoin = $52,738 Bitcoin Market Cap = $989 Global Crypto market $2.32Trillion Dollar
â07th Sep 2021âââLegal Tender Bitcoin = $46,811 Bitcoin Market Cap = $880 Global Crypto market $2.01Trillion Dollar Tether.to USDT was $167B
â08th Sep2022- Today Bitcoin = $19,031 Bitcoin Market Cap = $364 Million Global Crypto marketâââ$987 Billion
đ° Cointelegraph has reported that On Sept. 6, 2021, the Salvadoran government made their first Bitcoin purchase, buying 200 BTC at $10.36 million, or at an average price of $51,800. Article here https://bit.ly/3RLdPR6
đŁď¸El Salvadorâs president, Nayib Bukele, has stated that Bitcoin adoption will hugely benefit the 70% of the local population that lacks access to banking services. And this move could save citizens $400 million in fees on remittances sent home from abroad every year.
đť A year later, just a few weeks ago Simon Dixon the OG of Bitcoin & CEO of BnkToTheFuture.com went to EL Salvador to discuss how To transform El Salvador With Bitcoin. El Salvador bitcoin recovery plan! He posted via LinkedIn that In the land of Bitcoin reform is coming currency reform, banking reform, pension reform & security reform You can watch more info about the discussion here via YouTube https://bit.ly/3AWgvVh . Info here https://bit.ly/3KVlbPJ
đđźââď¸â Would it have been better for El Salvadorians to just implement stable coins instead? It does solve Banking the Unbanked & remittance problems too.
đ¤ŤETH Merge & Centralization Samson Mow claims a few node operators have the power to change, delay or even cancel the upcoming Ethereum Merge. Info via his Twitter here https://bit.ly/3RHypBP He also cited an old blog dated 01st July here https://bit.ly/3KS56KS He is clearer a big advocate for Lightning Network & rightly so. But ironic that he highlights Ethereum Centralization issues while he himself was working for Blockstream
âĄThat being said Lightning Network NOT Blockchain could solve a lot of the problems and the narrative is slowly building momentum. Lightning Network does solve Scalability, Security, Decentralization & Privacy but LN is still lightning years away.
âMoney corrupts people or Money is corrupted itself â đ¤´đťEven Prince Philip Hereditary Prince of Serbia and Yugoslavia is bullish on Bitcoin Cointelegraph has published a video via YouTube that clearly shows that he is a strong proponent of Bitcoin & he criticizes altcoins for being mere attempts to copy the original cryptocurrency. https://bit.ly/3RnNIzW I 100% agree with him. Great info on Pre-mining, CEO, marketing department, history of money & how war is financed & a lot more.
Two UAE news (Check slides) - Palazzo Versace Dubai taps Binance to accept crypto payments - Blockchain DXB event on Central Bank Digital Currency
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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07th Aug đšGlobal crypto market down to $938 đĄEthereum Implements Bellatrix one step close to Ultra Sound Money? Tether.to USDT to the rescue?
đđźââď¸Vitalik Buterin mentioned via Twitter yesterday that the Bellatrix hard fork is going to take place & The merge is expected to happen around Sep 13â15 his tweet here https://bit.ly/3TKUWjd Bitcoin.com article states Bellatrix was successfully codified into the codebase at epoch 144,896 on the Beacon chain. Next step Bellatrix to ParisâââEthereum participants get ready for the final step of the Merge Article here https://bit.ly/3x1jta5 Tim Beiko one of the most prominent figures in the Ethereum Foundation has also reassured via his tweet the merge is definitely happening & it feels pretty surreal https://bit.ly/3BiVDsR great work for sure!
đĽâBuy the Rumor, Sell the Newsâ is going to be in play between the 13th-15 or a few days before and after?
đSee slide no 2 where we discuss metrics if #ETH flips #BTC. The market share of Ethereum is a little over 50% of Bitcoin. Also, info on the volume of all stablecoins is now $78.02B & USDT accounts for $60.75B of it. Price info via CoinMarketCap
đď¸ Listen to our Podcast here đď¸ where we discuss this & more in detail Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đĽśBitcoin Mining Pool freezes withdrawal Poolin a Beijing-based Bitcoin mining pool thatâs responsible for 10% of the overall #btc network hash rate has announced a freeze on user withdrawals on the 6th. News here https://bit.ly/3TKbFmG They are currently facing some liquidity problems due to recent increasing demands on withdrawal or is it due to some other reason?
âĄRussia đ° TASS a few hours ago stated that Russia eyes stablecoin platforms for settlements with friendly countries. Deputy Finance Minister Alexey Moiseyev has some really interesting things in the article here https://bit.ly/3CZl4ko A few days ago here https://bit.ly/3x1bp92 it also reported that he announced the possible imminent legalization of cross-border payments in cryptocurrencies and interview with Alexey Moiseyev here https://smotrim.ru/live/21
đď¸ Bloomberg LP has reported that Saudi Central BankâââSAMA has hired a crypto chief to boost digital ambition, to lead its virtual assets & digital currency program https://bloom.bg/3RfXrIB
đşLG Electronics launches NFT Platform for smart TVs in Partnership with Hedera Official news https://bit.ly/3RBK6de A convenient, one-stop solution for viewing and trading NFTs at home! to learn more about the project https://www.lgartlab.com/
2 UAE news: (See Slides) â Legit news or Promotion? Metaverse Holdings has announced that Abu Dhabi and Dubai will be the worldâs first cities within the global metaverse launch. đĽWho is Satoshi Nakamoto, Why it matters & why it doesnât by Blockchain DXB
For slides click here:https://bit.ly/3ewjjkB
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06th Aug đĽ US dollar against 6 foreign currencies! DXY Index to a new 20-year high of 110.27 What does it mean for Bitcoin?
đ´ Bitcoinist.net states that Bitcoin trades inversely to the dollar, the ongoing rally in the DXY has also resulted in lower cryptocurrency valuations across the board, here https://bit.ly/3QjJJ6n. Glassnodeâs weekly insights also state that liquidity across all asset markets continues to fade this week, as persistent dollar strength pushes the DXY Index to a new 20-year high https://bit.ly/3QhcZKP Cointelegraph article https://bit.ly/3BfW3A1 has some commentary on it, price predictions based on the charts in the article are 100% right, 50% of the time!
đľ Forbes article has mentioned that A stronger dollar is bad news for the stock market as around 30% of the revenue earned by S&P 500 companies is from markets outside the U.S., the LPL note added. Article here https://bit.ly/3Qj3sCU could this mean a bearish week ahead for Bitcoin? CoinShares blog via Medium states that there were record inflows into short-bitcoin investments totalling US$18m, definitely not good for Bitcoin https://bit.ly/3KMCJxF
đ ETH info DailyCoin has reported that according to Ethereumâs timeline, the âBellatrixâ upgrade will go live on the Beacon Chain on the 6th Sep, marking the first phase of the Merge https://bit.ly/3Rikfri & has some crucial information on Investors are already showing their belief that the Merge will positively impact the price of ETH. The Timelines of the merge can be found here https://bit.ly/3CUAN4e
đď¸ With the Ethereum Merge date getting closer to Ethereum Classic, the original Ethereum hashrate taps an all-time high nearing 50 TH/s ahead of the merge. Article by Bitcoin.com here https://bit.ly/3THNIwh & the price of ETC is up by 13.34% in the last 24 hours
đUKâs new Prime Minister Liz Truss is all in favour of #crypto She mentioned via Twitter in 2018 We should welcome cryptocurrencies in a way that doesnât constrain their potential. Tweet here https://bit.ly/3CYiw60
Which side of a political party is in favour of Bitcoin, Opensource, Freedom & Cryptocurrency? USA â Right Wing (Republican) âLeft Wing (Democrats)
UK â Right Wing (Conservative) âLeft Wing (Labor Party)
India â Right Wing ( BJP) âLeft Wing (Congress)
đš NFTs to Spread Terror Message The Wall Street Journal article states that National-security analysts see a potentially dangerous platform for recruiting and funding. Article here https://on.wsj.com/3Rlskey IS-NEWS #01 NFT, is being seen as the first case of an NFT created and shared by a terrorist sympathizer. The NFT was listed on OpenSea but it has been taken down since. Cointelegraph article has more info on this too https://bit.ly/3qfZFfk
đĽTwo UAE news ( Slides) ⥠UAE Theatre to share Insight into Web3 & Blockchain Developments đĄ Klickl gets Abu Dhabi Global Market (ADGM) in-principle approval to operate as broker-dealers and custody providers in virtual assets
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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đť#BTC>$20,000 đť#cryptomarket >1Tr & Cardano #ADA â 5 September 2022 05th Sep đť#BTC>$20,000 đť#cryptomarket >1Tr & #ADA â & âŹď¸Russian Rubleâs the worldâs best-performing currency & what does it mean for Bitcoin?
đť For the price, info see Slides No 1 & 2 below where we look at some crucial metrics such as Price, Defi, and Stable Coins, unfortunately, the crypto economy has lost over $100Billion in the last 30 days
đInput Output (IOHK) mentioned via Twitter that Cardanoâs Vasil upgrade has been confirmed for Sept. 22. Series of tweets here https://bit.ly/3RvKLNo. Increased network capacity and lower-cost transactions, an enhancement to #Plutus will enable devs to create more powerful and efficient #blockchain-based applications. Cardano ADAâââup by 3.97% in the last 24 hours & up by 12.52% since 7 days
đ Russiaâs ruble has rallied nearly 40% since the war in Ukraine began. The Ruble has gained against the dollar after collapsing immediately after the Ukraine invasion. Did the International Monetary Fund bailout approval help Zambian Kwacha take the Russian Rubleâs Position as Worldâs Best Performing? Bitcoin.com released an article explaining this https://bit.ly/3wVeqId. An important article by Bloomberg LP here https://bloom.bg/3ent9Fi The big question is where does Bitcoin fit in the New World Order?
đ˝ Bitcoin has not been a hedge against inflation & for its very first time in times of War. The biggest feature of Bitcoin is its Opensource nature & Censorship resistance, but sanctions can be placed on entities accepting Bitcoin or another cryptocurrency. Will the world truly be a better place with Bitcoin? International Monetary Fund has an article that actually states A crypto-based financial system would perpetuate, and even magnify, many of the problems of traditional finance. Article here https://bit.ly/3wQInJl
đ˘ The Pentagonâs research arm, (Defense Advanced Research Projects Agency (DARPA)), a security research organization concluded that the blockchain is not decentralized, is vulnerable to attacks and is running outdated software. Details in the report here https://bit.ly/3emru2N
đĄ The only people who benefited from Bitcoin are: - Early adopters - Multi Billionaires & Millionaires & Celebrities - Financial Institutions
Which country would be the leader of the New World Order What role will Bitcoin play in the next decade?
â˝ FIFA to launch NFT platform for soccer fans Bitcoin.com article states FIFA is preparing to open its new platform for non-fungible tokens (NFTs) later this month. Romy Gai commented that the announcement makes FIFA collectables available to any football fan, democratizing the ability to own a part of the FIFA World Cup. More info here https://bit.ly/3qcbFOU
Two UAE news( See slides) - UAE-based startup is combining blockchain with sustainable tech to green Desert Urbie Inc. - #Backtobasic Definition of Bitcoin & why it matters by Blockchain DXB
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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02nd Sep! đď¸Metaverse Everythingđď¸ Metaâs Project Cambria & Presence Platform a game changer in the Metaverse?
Listen to the podcast here where we give our opinion (available by 8pm GST) Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
You can also see slide no 2 below where we share some highlights of Metaâs new VR + MR headset to be released on the 25th Oct for $1,500. We at Blockchain DXB think its definitely heading in the right direction for the Metaverse industry
âWhat are your thoughts on Web3.0? ⥠Web3.0 = Gimmick to get funds from VC ⥠Web3.0 is just Web2.0 with few tweaks ⥠Web3.0 has a brilliant use case
See slides 7& 8 where we at Blockchain DXB share our points on Apps & Dapps that may transition to Metaverse. We are keen to explore a âBlue Oceanâ a new industry to be born in the Metaverse.
đ What will be an ideal form of Payment & Medium of Exchange in the Metaverse? - Bitcoin (using LN) - Cryptocurrency - CBDC - Fiat currency?
5ď¸âŁ Metaverse news from Dubai & UAE đ Dr May El Barachi has a brilliant article explaining Why should the UAEâs education sector care about the metaverse? Article via Arabian Business here https://bit.ly/3RcQB6J
đ QUINT founders donate USD 16 million to establish the QUINT Bone Marrow Transplant Centre in Dubai to Al Jalila Foundation to support Hamdan Bin Rashid Cancer Charity Hospital Official source here https://bit.ly/3cEDDzw Brilliant move!
đŁď¸ Blockchain DXB audio event via LinkedIn to discuss Dubai Metaverse Strategy. Latest updates & Metaverse events in the month of September & October & a few guests speakers
đŽ Pixoul Gaming Esports hub to open in Abu Dhabi. Pixoul Planet VR will offer 10 virtual and augmented reality games, in partnership with Robocomvr via The National News here https://bit.ly/3cHg21b
đ All-Star Alliance aims to create a New Earth digital and physical Metaverse community that gives members access to the LifeStyle Gamification for the New Earth Creative Economy GCC Business News here https://bit.ly/3ei44M3
5ď¸âŁ Metaverse news from Dubai & UAE đď¸ Hermès the luxury giant reveals plans for Metaverse fashion shows, crypto and NFTs Hermès has filed trademark applications. Info via Michael Kondoudisâs Twitter feed here https://bit.ly/3cFrRFb
đşď¸ Googleâs immersive Street View could be a glimpse of the metaverse. Our own opinion is based on user experience with Samsung Electronics GEAR VR headset and based on the blog here https://bit.ly/3RsEB0A
đ WAGMI Temple: An important update regarding SHIB The Metaverse https://bit.ly/3Qqtepb
đŚ Sygnum Bank is planning to open a branch in New York Times Square but in the Virtual world. the first Swiss bank to open a metaverse hub Built on Decentraland, more info & video here https://bit.ly/3KKi4dG Vimeo
âźď¸ Metaâs new VR + MR (Mentioned above). More info & our commentary via Podcast
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01st Sep
đââď¸ Bitcoin Beach receives $203 Million đ ď¸ #BTC mining is on the verge of a new all-time high of 231 Exahash
đ Global Cryptomarket > $1T, See slides 1 & 2
đđđźEl Salvador. Surf City Bitcoin beach receives $203 Million in infrastructure investments Official news via President of El Salvador & Bitcoin enthusiasts Nayib Bukele info here https://bit.ly/3wIAWUq would be cool to see this in Metaverse soon
đLeft-wing leaning Congressman Raja Krishnamoorthi has addressed a letter to Brian Shroder, CEO of Binance.US to review all Binance US files related to consumer safety. Letter ->https://bit.ly/3B0K5u5 In the letter he has shown strong concern about the growth of fraud and consumer abuse linked to cryptocurrencies & has requested documents by the 12th of Sep.
đ´đľWhich side of a political party is in favour of Bitcoin, Opensource, Freedom & Cryptocurrency?
USA
â Right Wing (Republican)
âLeft Wing (Democrats)
UK
â Right Wing (Conservative)
âLeft Wing (Labor Party)
India
â Right Wing ( BJP)
âLeft Wing (Congress)
âŤIs Bitcoin Apolitical? In theory yes but in reality, politicians, for now, do have a massive impact on Bitcoin & Cryptocurrencies. Maybe once we achieve A separation of Money & the state. Eleanor Terrett journalist at Fox Business Network has mentioned via Twitter that Gary Gensler will be testifying in front of the United States Senate Committee on Banking, Housing, and Urban Affairs on September 15th Her tweet here https://bit.ly/3e6muiC would be interesting to hear any questions on cryptocurrency & maybe about FedNow project.
đď¸Bitcoin mining is on the verge of a new all-time high of 231 Exahash. You can track the details here https://bit.ly/3ACMPMP As a rule The more hashing (computing) power in the network, the greater itâs security and overall resistance to attack. But is so much security ideal for the Bitcoin blockchain network?
âď¸The mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022 & and itâs now 11.63% harder to find a bitcoin block reward. You can see the change in block height of 751,968, Bitcoin.com states that Currently, the difficulty is 30.98 trillion, which is only 0.27 below the network difficultyâs all-time high (ATH) at 31.25 trillion on May 10, 2022 Article here https://bit.ly/3KyYsc4 & more info here https://bit.ly/3KyYsc4
âIs so much security good for the network?
When the difficulty goes down, is it possible for 51% attack?
âđťLast month, miners in Texas suspended operations to help the energy grid and conserve energy during a heatwaveâââa move that likely made Bitcoin easier to mine. Decrypt https://bit.ly/3cEMy3R
âWith Ethereum on the verge of switching from POW to POS, how will the government & global elite react to Bitcoin energy mining consumption?
đĽTwo UAE news:
Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 09th Sepâââ23rd Sep
Ethereum Beginners Guide Blockchain DXB 09th Sep
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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31st Aug
đŤUS Recession & impact on cryptocurrency? ⍠Tether USDT Black Swan for Crypto?
âđť Chair Jerome Powell of the Federal Reserve Board has constantly assured the people that the USA is not in recession & he may be right. The data for Employment & Labour statistic ie Demand & Supply & job market can be found via of Bureau of Labor Statistics
đ¸UBS though has raised the US recession odds to 60% & the analysts strongly believe the possibility of a recession in the US is increasing and this could be an important stress test for crypto. Cointelegraph article states economist Pierre Lafourcade feels the latest data showed a 94% chance of the economy contracting, but added that it âdoes not morph into a full-blown recession.â an interesting article on what does the recession mean for crypto prices?
đ So what data do we look at for recession?
1) Government official data
2) Data by multi-billionaire companies & analysts?
đ Whom do we trust with data & information?
â Government
â Multibillion-dollar companies
â Do your own research
âWe at Blockchain DXB strongly feel We live in a world where having loads of information is not important. Having information from 1st source is.â
đ˛We strongly feel Cryptocurrencies might be heavily impacted by an economic recession but any price predictions are 100% right 50% of the time.
âŤTether.to a Black Swan for Crypto?
The Wall Street Journal published an article that states Tether needs an audit thatâs akin to a corporate colonoscopyâ & they are 100% right Article here https://on.wsj.com/3Qb3QUg the audit done by BDO Italia is definitely lacking crucial details, audit details here https://bit.ly/3pXeraz, but its still better than the 1page Pie Diagram audit they did in 2019?
âŤTether.to has responded to Wall Street Journal âdisinformationâ #fakenews. Blog post here https://bit.ly/3R56Nqm. It has reassured that it is committed to maintaining its role as the leading stablecoin in the market As of today out of $67.65B of stablecoins, which is 89.36% of the total crypto market 24-hour volume. USDT accounts for $51.5B
đOur strong recommendation is to look at the audit done by BDO Italia & compare it to the audit done by Circle #USDC. Then make up your mind about which Stability you can trust. Audit here https://bit.ly/3TtDQpS The PDF version which is 783 pages long can be seen here https://bit.ly/3Rs0j4V filed with Security Exchange Commission
âWho wins the Stablecoins race?
âWill the FedNow project poses a threat to stablecoins & vice versa?
đĽTwo UAE news (Check slides for more info0
Crypto Arabs trends number 1 in the UAE & Kuwait on Twitter
Blockchain DXB LinkedIn Audio only events in September & October
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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30th Aug
đЏThe greatest meme of money is the $USA! đŤFedNow to be launched in 2023 & will act as #HODL for fiat currencies?
đťThe value of the US dollar has lost more than 96% of its purchasing power since the creation of the Federal Reserve in 1913 But despite $USA losing its value over time, it is still the best-performing Fiat currency. The DXY Dollar Index has punched up to a new twenty-year high above 109.30.
đThe Federal Reserve Board updates FedNow Service timing to mid-2023, marking the beginning of full-scale pilot testing. Info here https://bit.ly/3e5FttH. Info about FedNow can be seen here https://lnkd.in/dEQ9aADh Loads of useful content on this. Vice Chair Lael B. has released a video, which states FedNow Service will be launched between May and July of 2023. Info here https://bit.ly/3AXf22o available here https://bit.ly/3wAL3KU Esther George, Ken Montgomery & Lael Brainard has an old video from 2020 on YouTube https://bit.ly/3wDMZCm but it does provide some useful information
ââWhere does Bitcoin fit into the monetary system? The Separation of Money & the state will happen but will Central Bank Digital Currencies act as a HODL for Fiat Currencies? The current market share of Bitcoin is currently at $386 Billion a ridiculously low amount to be a threat to the $USA & for money
⥠Will the FedNow work alongside Bitcoin & Cryptocurrencies?
⥠Can FedNow post a threat to Bitcoin & vice versa?
⥠Do we need stablecoins if FedNow gets mainstream?
⥠What will be the Role of FedNow in the Metaverse?
đ ď¸Glassnode weekly insights mention that Bitcoin is barely hanging on. With loads of technical analysis it mentions that In aggregate, Bitcoin investors are realizing around $220M/day in net losses. Looks like the bulls are fighting an uphill battle. Info here https://bit.ly/3TtkC3N
đ ď¸CoinShares weekly blog via Medium states the market volumes remain very low. Bitcoin saw a third consecutive week of outflows totalling US$15m While Ethereum saw weekly inflows totalling US$3m. Ethereum has seen a 9-week run of inflows totalling US$162m Info here https://bit.ly/3CGEbiV
đ¨đ Meta has just announced they are introducing the ability to post digital collectables ie NFT across Facebook and Instagram & one can now connect their digital wallet to either app to share their #NFTs on both. Official info via Twitter here https://bit.ly/3KwbEib
đĽ Two UAE news: (Check slides )
đĄ VARA issues regulations governing virtual assets marketing as the foundation for safe market participation Dubai World Trade Centre
đĄ UAEâs Virtuzone to accept cryptocurrency payments via Binance Pay
For slides click here: https://bit.ly/3Kv8ATi
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
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𼜠Crypto market below $1T, #BTC below $20k & #ETH below $1,500 Federal Reserve Board chair Jerome Powell gave an immersive speech in Jackson Hole, Wyoming, to deliver an update on the central bankâs fight against inflation. The amount of power the FED has over the markets is truly terrifying. The unfortunate cost to reduce inflation has a strong impact on the cryptocurrency industry. The 8min speech via CNBC ->https://bit.ly/3QZqu2V
âThe Federal Reserve Board also has useful information here https://bit.ly/3PsCXKV that explains things such as
What is Inflation
How does the Federal Reserve evaluate changes in the rate of inflation?
A must-visit the page
đ¤¨Where does Bitcoin fit into all of this?
While bitcoin has not proven to be a hedge against inflation A lame article via CoinDesk that does the blame/game on inflation & does not provide any valid explanation or benefits of Bitcoin https://bit.ly/3KvI63Z Sure separation of Money & the state sounds like a brilliant idea BUT the fact the Bitcoin accumulation is in the hand of selected few. How does Bitcoin help with the dynamics of money? Maybe Bitcoin 2.0? Check out Blockchain DXB points on Bitcoin as a World Reserve Currency. still, Work in Progress here https://bit.ly/3R9UUiU Another failed article by Bitcoin Magazine with a headline that states âBitcoin is freedom from the Fiat systemâs walled garden: but gives 0 explanation on how Bitcoin helps. Instead does the easy blame/game about Software giants https://bit.ly/3KpVmXX
đĄ Inflation & Climate change đ¤ď¸?
Bitcoin.com article states European Central Bank President Christine Lagarde blames climate change for Europeâs Torrid inflation, article here https://bit.ly/3AtD2bU Original article by Madame Figaro here https://bit.ly/3CFV8KA The article also talks about how Left Wing Biden administration is following the same trend, as the recently implemented bill called the Inflation Reduction Act
đľđť đSatoshi Nakamotoâs encoded message on Genesis block âThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks.â may have fallen on deaf ears. Over a decade long and the monetary system is still a failure. The separation of Money & the state will eventually happen it just might take way longer than anticipated
âď¸ Bitcoin mining difficulty set for an 8-month record gain. With the next difficult adjustment to take place in approximately 2 Days and 8 hours how much security is good security? Bitcoin mining consultancy firm BlocksBridge Consulting estimates a new ATH. Data can be seen here via BTC.com https://bit.ly/3ATQAib
đđťBinance signs MoU with the City of Busan to further foster Blockchain Industry Development. Details of how Binance plans to develop and foster Busan Cityâs blockchain sector can be seen here https://bit.ly/3pOGMzI
đĽTwo UAE news: (Check slides)
⥠Abu Dhabi to launch a blockchain, virtual assets strategy
⥠DMCC (Dubai Multi Commodities Centre) Crypto welcomes Gate.io
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
26th Aug đď¸Metaverse Everything đď¸Will Meta Dominate the Metaverse industry? đĽSponsorship for Blockchain DXB podcast
đď¸Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
âQuestion: Will Meta dominate the Metaverse industry?
đ Slide no 3 & 4 for our opinion We strongly urge you to listen to Joe Roganâs podcast with Mark Zuckerberg via Spotify episode link here https://spoti.fi/3ApAXh1 loads of useful information & Lex Fridman interview on YouTube here https://bit.ly/3PVtNH0
đŤDo we need Block + Chain Technology in Metaverse? See slides no5 & 6 below as we share our opinion & discuss Blockchain Trilemma ie Distributed/ Security/ Scalability in the Metaverse & Can we achieve all three without compromising on anyone
5ď¸âŁ Metaverse news from Dubai đ For Emirati Womenâs Day, WOLF partners with Dubaiâs favourite florist, Bliss Flower Boutique, to bring personalised Charms to the metaverse https://bit.ly/3e11KJb
đ¨đźâđź SEQSouq.com comes up with a salesperson avatar for Metaverse. Mr. Musky is billed as being the âworldâs first meta salespersonâ. â Kishore Dharmarajan https://bit.ly/3KkJkiF Gulf News
đ¸ Blockchain DXB weekly Metaverse interviews & sponsorship information on slide no 9
đď¸ Square Yards UAE launches 3D metaverse platform for Dubai real estate https://bit.ly/3TlHEJR via MetaNews Tanuj Shori, Square Yards
đ Metaverse Assembly: Immense demand from the government, private companies, technology start-ups, and innovators in Web 3.0 locally and internationally- Hamad AlShirawi, DUBAI FUTURE FOUNDATIONâs director of projects Museum of the Future via The The National News https://bit.ly/3TlHEJR
5ď¸âŁ Metaverse news from the world
âď¸ ÂˇMark Zuckerberg to Overhaul Metaâs Metaverse App Horizon Worlds After Criticism of Its Simple Graphics, Explanations via Instagram post. Info via Bitcoin.com https://bit.ly/3RaHwe3
đ¤ Metaverse Startup Ready Player Me Raises $56 Million in Series B Led by Andreessen Horowitz via CoinDesk https://bit.ly/3TcFsUV
đ˛ Global asset management firm Invesco US has launched a $30 million investment fund focused on all things Metaverse via Decrypt https://bit.ly/3Rh8rVT
đşđť MTV Snoop Dogg and Eminem to Bring Bored Ape Yacht Club Ape NFTs to VMAs In âOthersideâ Metaverse Performance via Cointelegraph https://bit.ly/3Rebdeg Official Info via Snoop Doggâs Twitter account here https://bit.ly/3AQy0aA
đď¸Mark Zuckerberg, Tells Joe Rogan That Running Facebook Sucks, Metaverse Is Better. Interesting talk on VR, and & his vision for Metaverse Joe Rogan Joe Rogan experience via Spotify episode link here https://spoti.fi/3ApAXh1
For slides: https://bit.ly/3APfyzp
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25th Aug đ¨ El Salvador bitcoin recovery plan! Simon Dixon the OG of Bitcoin & CEO of BnkToTheFuture.com posted via LinkedIn that In the land of Bitcoin A reform is coming currency reform, banking reform, pension reform & security reform https://bit.ly/3T8E3Pb
đď¸ We strongly recommend listening to two contrasting views
1) Peter McCormack, host of What Bitcoin Did has two interviews with President Nayib Bukele. Both available on YouTube
2) Laura Shin, host of Unchained Podcast interviews Nelson Rauda, Salvadoran journalist for El Faro
â The big question regarding the reform is whether the recovery plan helps El Salvadorians and the country OR does it help Hedge Funds/ Investors/ Bitcoin Maximalists who are betting on it?
đ The Twitter space with BTC_Archive discussing âEl Salvador distressed #Bitcoin lender recovery plansâ a few days ago was it meant for El Salvadorians OR investors mostly in the USA, Bitcoin Maximalist? Whom was the session aimed at ?https://bit.ly/3RbKcbh
â #ETH As the merge date gets closer ETH supply has increased sharply in the past few weeks. Finance Magnates has reported that Ethereum addresses with non-aero balance hit an all-time high https://bit.ly/3Klmszf
âĄRace for 1 million TPS Between Bitcoin Blockchain & Ethereum Blockchain which protocol reaches 1 million TPS first, keeping in mind & not compromising with Blockchain Trilemma i.e. decentralization, security, and scalability.
CBDC đ Bitcoin? Governor Olli Rehn from Bank of Finland (Suomen PankkiâââFinlands Bank) in a panel at the University of California, Berkeley discussed Digital Euro as Monetary Anchor https://bit.ly/3R57UGk & it could facilitate pan-European services to consumers soon. While CBDC does have a few benefits but at what cost?
âđť Blockchain DXB has an event on the 9th of September via Eventbrite called Central Bank Digital Currencies: The Basics, Threats to Freedom & Metaverse & PESTLER analysis on Bitcoin ieâââ(Political Environmental Social Tech Legal Religious) analysis on Bitcoin (slides for both are below in TWO UAE news section)
đšChingari video sharing mobile app from India which was launched by Bollywood legend Salman Khan has just unveiled Creator Cuts, the worldâs first video NFT marketplace. It allows creators to mint & sell their videos to multiple revenue streams. Official news via their Twitter here https://bit.ly/3dZqxNO
đĽ Two UAE news: (check slides for more info) - Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse- 09th Sep - PESTLER analysis on Bitcoin on the 09th Sep (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
24th Aug ⍠Nike âthe wokeâ retail giant records $185M profit in NFT Sales!
đ¤ Watcher Guru mentioned via Twitter that the performance by Nike had outperformed DOLCE&GABBANA, Tiffany & Co. Gucci & adidas. Tweet here https://bit.ly/3R0A9G2 Source via Dune here https://bit.ly/3ACAfxh DOLCE&GABBANA at 2nd with only $25.65M in revenue. Important to note is that Nike revenue includes CloneX sales and royalties pre-acquisition, as it more accurately reflects overall performance.
â Two NFT questions 1) Are NFTs Art or Altcoin? 2) Does fractionalization of NFT lead it to be a Security?
Finance Magnates has a great debate on whether NFTs are simply altcoins with pictures. Article here https://bit.ly/3CpuLs7 & has some interesting points by Cobie via Twitter here https://bit.ly/3wqLgjO
Blockpit AG has a great article called The Rise and Risks of Fractionalized NFTs, info here https://bit.ly/3Ked2pn It also talks about If Fractionalized NFTs were regulated as securities, how would it affect investors? More info via Yahoo Finance here https://yhoo.it/3CAjpkS
đ See slide No for info on the Cryptocurrency market. Inflation numbers are going to be released by the Federal Reserve Board this week. Will this have an impact on the price of Bitcoin & Cryptocurrency?
đď¸ Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5
đĽ CoinDesk reports that bankrupt crypto lender Celsius sues Prime Trust for over $17M in tokens. The article does mention that Prime Trust cancelled its relationship with Celsius in June 2021 over âred flags, Info here https://bit.ly/3dNtP6y Cointelegraph has an article linked to the news that states why Celsius, Three Arrows Capital Limited demonstrated why more financial activity needs to be on-chain, the article talks about how on-chain data gives us insight into market events https://bit.ly/3PKDAzC. A quick reminder to the very 2nd line of the Bitcoin White paper âŚ.but the main benefits are lost if a trusted third party is still required to prevent double-spending
đĽCrypto.com leading the way! It becomes the first cryptocurrency platform to achieve SOC 2 ⌠(SOC) 2 audit, conducted by globally recognized audit and consulting firm Deloitte They recently completed the SOC 2 Type II compliance audit, done by Deloitte & it was completed shortly after the firm gained approval from the Financial Conduct Authority in UK #compliance The audit includes a long-term analysis of the companyâs security, design & safeguards over an extended period of time also provide assurance to both existing and future customers that their data is safe. Official news here https://bit.ly/3KhKGL5
đĽ2 UAE news (Slides) - Dubai Police HQ to issue lost passport certificate within 24 hours using Blockchain. - W Motors ventures into the Metaverse to create an immersive experience around their hypercars
For slides click here: https://bit.ly/3dH0quE
LinkedIn Profile: https://bit.ly/3AAN504
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
23rd Aug đŤ Crypto market going below $1T again? đ¨Former Ethereum killer EOS up by 24.38% & đš Fear & Greed Index is FEARâââ29
đźđťThe inflows & outflows in #BTC, #ETH & #crytocurrency is definitely not a bullish indicator Glassnodeâs weekly insights mention due to weakness in the underlying network activity there has been a sell-off last week, info here https://bit.ly/3KekH78. CoinShares weekly blog via Medium confirms what we said yesterday in our podcast that market volumes remain very low & Ethereum has seen a 9-week run of inflows totalling US$162m. Info here https://bit.ly/3ACNwqK
Bitcoin đ Ethereum The market cap of #Ethereum is less than 50% of #Bitcoin, see slide no 2 below for more info. Info via CoinMarketCap & CoinGecko CoinDesk has a brilliant article that explores Bitcoin vs Ethereum It states Ethereum regained investor support on Monday after slumping in recent days https://bit.ly/3AcQyR3 & the drama & looks at the report from Kaiko https://bit.ly/3CkY1Ad
đ Who reaches 1Million TPS (Transaction Per Second) Between #Bitcoin & #Ethereum which protocol reaches 1M TPS keeping in mind blockchain trilemma i.e., 1) Decentralization/ Distributed 2) Security 3) Scalability
⥠While Lightning Network, not Blockchain is gaining momentum Bitcoin Magazine has a great article that explores the channel jamming problem & Developers are working out ways to brainstorm potential problems and test their solutions for certain shortcomings of the Lightning Network. Article here https://bit.ly/3PIi4vi
đŁď¸ Marc Arjoon from CoinShares has a great explanation of How Ethereum will scale to 1M TPS https://bit.ly/3QPtEq8
âđť Meanwhile former Ethereum killer is up by 46.84% (7 days) & 24.38% since the last 24 hours
Bloomberg LP has reported last week that EOS Jumped 15% on the BlockOne court ruling. Great move by EOS, do an ICO for $4 billion and pay a fine of just $27.5 million https://bloom.bg/3wKX6FN
EOS upgrade: A hard fork, A community-Run Framework Antelope by EOS Network Foundation (ENF), Telos, Wax, & UX Network Official info here https://bit.ly/3CjBBzk
đĽ NFT Everything! đ Telegram CEO, Pavel Durov has proposed auctioning usernames, and links as NFTs. Decrypt article here states that He suggested that millions of reserved Telegram addresses could be auctioned as assets on the blockchain. More info here https://bit.ly/3CoBKS1
đ¨ NFT for Obstacle Course Race đŻ Blockchain DXB & Amin Mombani the co-host of the Rise in OCR podcast are planning to launch 7 NFTs each representing an Emirate in UAE to promote Obstacle Course Races such as Spartan Race, Tough Mudder, Desert Warrior Challenge, Desert Shield Team World Obstacle & many more in the Middle East! Joe De Sena Dubai Sports Council Abu Dhabi Sports Council Dubai Blockchain Center These NFTs will play a significant role in Metaverse & in Dubai Metaverse Strategy & its ambition in being the number 1 city in the region & top 10 cities in the world
Two UAE news(Check slides below)
â˘Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 26th Augâââ09th Sep
Ethereum Beginners Guide Blockchain DXB 26th Aug
For slides click here: https://bit.ly/3QHdJtG
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Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
22nd Aug
đ¨Stablecoins account for 96.56% âIs Defi Dead?đ
đ¨Stablecoins account for 96.56% of the total crypto market volume & the volume is only $55.99B, not an ideal metric even for the weekend. The total crypto market volume over the last 24 hours is $58.45B via CoinMarketCap & $69.4B via CoinGecko
đAre stablecoins a safe haven & hedge against cryptocurrencies? Not ideal, as a better alternative would be to use the $USA or any other Fiat currency. Tether.to USDT still accounts for over 82% of all stablecoins & they have hired BDO Italia for their monthly assurance reports, and USDTâs quarterly attestation. Official blog post here https://bit.ly/3QHD2f5 Paolo A. CTO of Bitfinex & Tether.to stated âWe are fully committed to maintaining our role as the leading stablecoin in the market,â
đťSuch low volumes clearly indicate the sheer use case of Stablecoins when cryptocurrency fluctuates. Unfortunately, this makes a perfect use case for Central banks around the world to advertise, publicize, and even force the use case of CBDC
đŚ The Bank for International SettlementsâââBIS has published a few reports
Technology, innovation and financial services by Michelle W Bowman talk about Federal Reserve Board Support for Innovation, Crypto Asset & FedNow and Central Bank Digital Currencies. This has the potential to Bank the Unbanked but at what cost? Article here https://bit.ly/3cctJFc The 4-page document also states that FedNow most likely will be available by mid-2023
Digital euroâââopportunities and risks by Joachim Nagel President of Deutsche Bundesbank mention how to exploit the opportunities presented by CBDC (Central Bank Digital Currency) as it has great potential. It also talks about a desire to be able to pay anonymously. An offline digital euro with privacy similar to cash https://bit.ly/3wlIiNl
â ď¸Defiâ°ď¸
The Total Value Locked in Defi is down to $61B Cointelegraph has a good article DeFi needs to start creating real-world value if it wants to survive some good points such as Value canât come out of thin air & the downfall of Defi since its peak in Dec 2021 https://bit.ly/3AjQBe2
đ¤2022 the year of Crypto.com + Binance & mislead news by Bitcoin Magazine continues
đđť Crypto.com has joined forces with Australian tech company DataMesh Group and OTR to launch Australiaâs first in-store cryptocurrency payments across more than 440 of Peregrineâs retail outlets Official info here https://bit.ly/3ccw5nw Bitcoin Magazine has misled the news by saying it only #Bitcoin, not true its for major cryptocurrencies not just for Bitcoin.
đđť Binance.US has obtained a money transmitter license in Nevada Official news via the blog here https://bit.ly/3pyrxL1 Brian Shroder, CEO of Binance.US. has some nice words in the article
Two UAE news: (Check slides)
Weekly Podcast by Blockchain DXB âEthereum Flips Bitcoin?
Global Blockchain Congress on the 23rd & 24th of November in Dubai
For slides click here:https://bit.ly/3AaANtT
For LinkedIn Profile: https://bit.ly/3AAN504
Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
19th Aug Metaverse Everything! đĽ 10-week Metaverse Accelerator Campaign! Emirates NBD has partnered with DIFC FinTech Hive & Microsoft for a 10-week Metaverse Accelerator Campaign. Watch the video via their LinkedIn Page with Avatars doing the presentation here https://bit.ly/3AyYptI A really interesting, weird & unique presentation. More info here https://bit.ly/3QSOVP1. See slides no 3 & 4 below as we explain it further
đť Crypto market down đťMetaverse platforms đťCheck out commentary below: - Metaverse Everything podcast đď¸- Fridays - Crypto & Coffee at 8 podcasts đď¸ MonâââThursdays Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
đ How does the Geopolitical situation & inflation impact the Metaverse? See slide no 5 where Blockchain DXB share some interesting points. More info in the audio Podcast.
5ď¸âŁ Metaverse news from Dubai đđŽ Dubai Police HQ Scholars Council recently organised a Metaverse Summer Forum to discuss the ideas of Dubai Police scholars regarding the virtual world or metaverse. Official news & info via a Facebook post on 17thhttps://bit.ly/3T5e7Ea. Listen to our podcast as we explain how this move helps Dubai be the No1 city in the region in Metaverse & maybe the No1 city in the world in Web3.0
đ¨ Emirates NBD + DIFC Fintech Hive + Microsoft 10-week Accelerator programme (Mentioned above)
đ Mental health in the Metaverse! Dubaiâs ShopDoc to launch metaverse project âU OK?â to address mental health and loneliness issues. More info via Arabian Business here https://bit.ly/3K8Mo1i Interesting inputs by co-founder & CEO Shihab Makaniyil in the article
đŁď¸ Blockchain DXB event on Metaverse: The Hype, Reality & New World Order via Eventbrite. Slides can be found here https://bit.ly/3dDLehV
đ¤ UAE-based Everdome.io secures a $10m investment commitment from Gem Digital & Gemâs investment will be focused on team growth and metaverse technological expansion and will see the gameâs virtual reality capabilities set on a fast track. Gulf Business article here https://bit.ly/3dAu9p3 & Twitter https://bit.ly/3Axy6ny
5ď¸âŁ Metaverse news from around the world - Meta Launches Horizon worlds in Spain & France https://bit.ly/3c03925
⥠Pillbot where Medicine and the metaverse: A new tech allows doctors to travel inside of your body using technology by Endiatx https://bit.ly/3Qw2ZOK
đ˝ď¸ Gordon Ramsay enters The SandboxâââWe Are Hiring!âââWe Are Hiring! with Hellâs kitchen in partnership with ITV Studios info here https://bit.ly/3dJdkbL
đ¤ TerraZero Technologies Inc. has partnered with VentureBeat to have events in the Metaverse https://bit.ly/3wfLJFf
đŁ Incognito in the Metaverse, an interesting paper on privacy in the Metaverse via Cornell University https://bit.ly/3AzRDUx
For slides click here: https://bit.ly/3c4zQLO
LinkedIn Profile:https://bit.ly/3C5lWDC
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
18th Aug đ¨ UK inflation of 10.1%, In USA FOMC Meeting, hints to smaller rate hikes BUT Where does Bitcoin fit into all of this?
đ Office of National Statistics has released CPI numbers & inflation is currently at 10.1% Hits double digits for the first time since 1982 Official news can be seen here https://bit.ly/3SVZyTc The website also have a brilliant explanation on - What is inflation? - How to use the calculator - Further information A must understand this here https://bit.ly/3AtSw0J much better than YouTube price influencers
đ Federal Reserve Boardâs FOMC meeting minutes release indicates a smaller hike than in previous months. This shouldnât be a surprise if you have watched the official video here https://bit.ly/3QPHh8i It would be interesting to see what the rate hike is towards the end of the month PDF here https://bit.ly/3SQhNt4
âThe Federal Reserve Board also has useful information such as - What is inflation - How does the Federal Reserve evaluate changes in the rate of inflation? A must visit the page https://bit.ly/3PsCXKV definitely a much better alternative than price influencers & world-renowned Twitter & YouTube economist.
âIs Bitcoin a hedge against inflation? Or are stable coins a hedge against crypto?
⥠Cointelegraph has put a video on YouTube, the hosts did ask excellent questions but the answers were weak by the guest Steven Lubka from Swan Bitcoin. He tried to explain the definition, of monetary supply, comparing of cash to physical assets. It may be better to get an unbiased opinion if Bitcoin is a hedge against inflation. Lyn Alden Schwartzer has an excellent article A Look At the Lightning Network https://bit.ly/3wfKrdt he could have used some points from here instead. Lightning Network, not Blockchain is slowly gaining momentum, do we need Block + Chain protocols of Bitcoin with Lightning & Liquid network to be adopted worldwide?
đĽ Based on the last 6 months' data Stable coins despite their volume being extremely low accounts for 90% of the crypto market. See slide no 2 CoinShares weekly blogs via Medium states Bitcoin bore the brunt of the outflows which totalled US$21m last week & is the second consecutive week of outflows bringing month-to-date outflows to US$29m. Are inflows increasing in Ethereum because of the news surrounding Merge? https://bit.ly/3QvQbI5
đŻ2022 the year of Crypto.com âââCanada Kris Marszalek, the CEO of Crypto.com announced via the blog that Crypto.com is the First Global Cryptocurrency Platform Signed to OSC Undertaking ie The Ontario Securities Commission Official info here https://bit.ly/3Ce24hz
Two UAE news: (Check slides ) - 21Shares announces new hires and expands to the Middle East - NMKR & NewTek to bring real-life assets into Web3
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
17th Aug
đ¨ The very 2nd line of the Bitcoin white paper ââŚâŚbut the main benefits are lost if a trusted third party is still required to prevent double-spendingâ Not your Keys, Not your Crypto is such as basic concept but people still fail to understand its importance. Celsius a bankrupt cryptocurrency lending company led by Alex Mashinsky is making headlines as a report emerges that he took control of Celsiusâs trading strategy months before bankruptcy Finance Magnates has detailed information here https://bit.ly/3PtNmG8
⥠Ethereum proof-of-Stake
As Ethereum moves to Consensus Layer (ETH2) Coinbase has mentioned to its users what to do via their blog here by Armin Rezaiean-Asel https://bit.ly/3ArKNQU. They will briefly pause new Ethereum (ETH) and ERC-20 token deposits and withdrawals as a precautionary measure & also to be on high alert for scams Marc-Thomas Arjoon, CFA from CoinShares posted a good blog Medium that share more information when Ethereum Merge Updates, A good read here https://bit.ly/3Cg0mwp Kevin Zhou from Galois Capital known to speak things to existence in the crypto world has a different outlook on the Merge. Follow him on Twitter here as he expects 3 forks of Ethereum https://bit.ly/3w4YhPO. A Decrypt article states that Singapore-based Bitrue joins a growing list of exchanges that will list ETHW and associated tokens and contracts, info here https://bit.ly/3C6PT6h A previous article also stated Binance is not ruling out support for Ethereum proof-of-work fork as the exchange said it would âevaluateâ whether or not to list ETHW https://bit.ly/3c2EidR
đŽ Law & Crypto đ
Federal Reserve Board has published an open letter directing Fed-supervised banks to make sure they check first that any crypto-related activities they want to undertake are legally allowed Official info here https://bit.ly/3CaDbTW It applies to all banking organizations supervised by the Federal Reserve, including those with $10 billion or less in consolidated assets. The supervised banking organization must ensure Legal Permissibility & Notification of Proposed Activities to lead supervisory point of contact. A straightforward & simple letter & definitely a good move.
Security Exchange Commission has filed a complaint against An Open-source hybrid blockchain platform Dragonchain for unregistered Initial Coin Offering Official filing. Clearly broke the Howey Test. Filing here https://bit.ly/3bV0R4d Based on the filing it clearly states that Dragon chainâs marketing material explicitly states that the value of tokens would increase as adoption of its technology grew. Some detailed & clear information on Twitter profiles regularly reposting investment value-related tweets & more.
đťBored Ape Yacht Club Collectors & Enthusiasts đť
Anonymous groupâs message for Enthusiasts of the NFT Collection, BAYC via YouTube here https://bit.ly/3QsEhyI Some important public issues mentioned in the video
For slides click here: https://bit.ly/3C8eE21
For LinkedIn Profile: https://www.linkedin.com/in/r-a-george-19b102104/
đĽ Two UAE news (Check slides for info)
Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
16th Aug
đŻ#Fact Bitcoin always wanted to be like Monero! Monero hard fork goes live! The peopleâs cryptocurrency is now more private and efficient with ring size 16, Bulletproof+, and view tags! Official news via Twitter https://bit.ly/3zWIdkb. Details of Monero Network hard forked can be seen here https://bit.ly/3dy6hT6. Despite its technical & privacy edge over Bitcoin. Monero is still not 100% private. Breaking Monero series on YouTube 3 years ago has some crucial information https://bit.ly/3Qq1bqp & these still havenât been solved with the new hard fork
đ How do regulators act & react with privacy coins? Regulators can force Centralized cryptocurrency exchanges to delist privacy-focused coins. Make usage of privacy-focused coins illegal. Decrypt has some crucial information on a crypto intelligence firm called CipherTrace, a Mastercard company that revealed that it had developed a toolset for tracing Monero transactions in 2020 Article here https://bit.ly/3AnchHa The fact is Monero is just as good as cash & definitely more fungible than Bitcoin
đ¨ Question
Does privacy matter to an average person?
Does the average individual care about privacy?
Which one would you choose? Privacy vs Ease of use Privacy vs Free services
What is the danger when privacy is combined with Immutability
Key difference between privacy vs anonymity?
âđť Bitcoin.com has published an article that talks about how the crypto economyâs top privacy coins take a hit after U.S. Department of the Treasury banned Tornado Cash Article here https://bit.ly/3bTLUPG Bankless podcast has two great episodes talking about this https://bit.ly/3AigkUb & https://bit.ly/3plHh40
âGitHub: accounts deleted
âDiscord: server deleted
âAlexey Pertsev: lead developer arrested https://bit.ly/3C8eAzi
đ¨đźâđź Neeraj Agrawal has mentioned via Twitter that CoinCenter is exploring a court challenge Info here https://bit.ly/3bQQPRH as they feel by treating autonomous code as a âpersonâ OFAC exceeds its statutory authority.
đ¤Multi Billionaire Kevin OâLeary prefers a regulated environment & in an interview with Crypto Banter stated that Tornado Cash is part of a âcrypto cowboyâ culture that shouldnât have a place in the industry. Full video via YouTube https://bit.ly/3JUoNRy
âSeparation of Money & the state needs to & will happen these are just a few bumps on the wayâ
đĽ 2022 the year of Binance
Obtains in-principle approval to operate in Kazakhstan https://bit.ly/3dz8AFt
Distances from WazirX as Indian regulators keep chasing crypto https://bit.ly/3w7PZGO
Recovers 83% from Stolen Curve Funds https://bit.ly/3QJUOhE
Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real https://bit.ly/3plahc9
đ Two UAE news: (Check slides for more info)
Blockchain Life 2022 Forum takes place on November 28â29 in Dubai.
UAE ranks as the second most âcrypto-curiousâ nation in the world- CoinGecko report ITP Media Group
For slides click here: https://bit.ly/3pk2DyM
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15th Aug
đ The market cap of #Ethereum little over 50% of #Bitcoin. Will this change as the merge date gets closer? See slide No 2 below as we track daily if #ETH Flips #BTC Cointelegraph has just reported that Ethereum hits 8-month highs in BTC as money heads for âriskierâ altcoins. Article here: https://bit.ly/3vZfwlF Finance Magnates a few days ago also confirmed that Ethereum 2.0 (Consensus Layer) Deposit Contract Approaches 13.3 Million ETH Article here https://bit.ly/3QNGKUp. You can also track it here via Etherscan https://bit.ly/3SKPj49. The Power of OpensourceđŞđť. Over the last few weeks, Ethereum has remained the best-performing crypto asset among the top 10 in the last seven days.
âQuestion:
Whatâs the highest dominance Ethereum has had in the past & when?
If & when Ethereum flips Bitcoin what difference does it make?
Messari has great historical data here https://bit.ly/3zVgW1M
đ Thereâs also an excellent article by Arijit Sarkar that talks about the Top 5 misconceptions about the anticipated Ethereum upgrade. Worth a read https://bit.ly/3SMrbxU
đ§ The transition from Proof of Work to Proof of stake wonât be easy as few forks in opposition are already in place Bitcoin.com article states that the proposed Ethereum PoW Fork token lost half of Its market value in less than six days Article here https://bit.ly/3AiKpUH. Will Ethereumpow.org sustain itself in the long run?
đł BlackRock is the investment giant & the worldâs largest asset manager, with US$10 trillion in assets under management launched Bitcoin Private Trust. Official news via a blog post here https://bit.ly/3pjoQgk. The trust is available to U.S. Institutional clients and seeks to track the performance of bitcoin, less expenses and liabilities of the trust. Important to note is that BlackRock is encouraged that organizations such as RMI and Energy Web are developing programs to bring greater transparency to sustainable energy usage in bitcoin mining, and will follow progress around those initiatives.
âđť Could it be possible that these giants could switch Bitcoin Proof of Work to Proof of mining? Historically, Bitcoin has had an allergic reaction to the council, associations & control points of failures. With giants such as Blackrock entering the Bitcoin space could they impost best practices, and guidelines & changes from POW to POS? Convincing a few people & offering a few incentives to people like President Nayiib Bukele Michael Saylor & Elon Musk could change the trajectory of the consensus mechanism
đĽ Two UAE news:
Kanousei Technology LLC Technology launches Odyssey in the MENA region (1,000 companies into the metaverse)
Encryptus Partners With Azadi Records to Explore NFTs and Create Innovative Use Cases
đď¸Listen to our Podcast here đď¸
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
Information about Royex Technologies Website: www.royex.ae Personal blog: rajibroy.info Linkedin Profile: Royex Technologies - https://www.linkedin.com/company/royex-technologies/ LinkedIn Profile: Rijab Roy - https://www.linkedin.com/in/rkroy/ The Book: https://rajibroy.info/books/metaverse-the-future-is-here/ Amazon UAE: https://www.amazon.ae/dp/B0B6LGR68T Amazon World Wide: https://www.amazon.com/dp/B0B6LGR68T
Summary of conversation below ⢠History of education & starting his company in Dubai back in 2013 ⢠A brief introduction to Metaverse & two worlds i.e., Physical & Virtual world ⢠The impact of the movie Ready Player world ⢠Importance of multiple people joining in the Metaverse & getting the human element in the Metaverse ⢠Can develop infrastructure for other companies in Metaverse ⢠His experience in Blockchain Technology since 2018 ⢠How NFT impacts the business ⢠Using property rights in the digital world ⢠A brief discussion on Saudi Arabia & NEOM project & its role in Metaverse ⢠Source of information ie Google & YouTube. Importance of reading blogs to keep updated with information ⢠His inspiration for writing the book: Metaverse: The future is here ⢠His interest in reading books & writing books. Using real use cases & replicating them into the book so businesses benefit from it ⢠How his first book is still being sold organically ⢠Clear misconception from the people about Metaverse so people understand the true meaning ⢠Areas of the book divided into 8 chapters ⢠Focused on business aspects & all aspects of Metaverse ⢠Chapter 3: Crypto & Blockchain &NFT ⢠Chapter 5: Metaverse marketing: ⢠Chapter 6: Updates & curiosity in Metaverse: ⢠Final chapter: most important for listeners & possibilities of Metaverse. Information of timeline ⢠Royex Technologies project: Metcity ⢠Metcity is a metaverse world & can be accessed using Oculus VR headset or other VR + can be accessed with browser & Mobile apps ⢠Developing a real estate ⢠Arrange events ⢠Art gallery ⢠Shopping mall ⢠More than 2000 stores ⢠Purchase virtual goods ⢠Purchase physical good virtually ⢠Purchase stores in Metcity as NFT ⢠Royex Metaverse store ⢠Using the feature using friends, relatives, and colleagues virtually ⢠Merging Physical + Virtual world
⢠Some of the challenges faced by Royex Technology ⢠Multiple platforms for users for different experiences ⢠Challenges by Oculus headsets, & how it lacks user experience, but will be overcome in the next 2 years -5 years from now ⢠Importance of lagging, dizziness & how it needs to be eliminated over time ⢠Haptic devices to get the feeling of touching/holding products ⢠Metaverse is still in an early phase ⢠Importance of adapting to technology ⢠The shopping & Gaming industry to be impacted the most by Metaverse ⢠The importance of connecting the Physical with the Virtual world is core to the success of Metaverse ⢠Rolex Technology offers API to connect the Physical with the Virtual World ⢠Advice to individuals who are getting into the Metaverse is to be an explorer ⢠Understand the different rules of the platform ⢠Learn some basics of NFT & Blockchain Technology ⢠Understand Virtual Reality & Mixed Reality & Augmented reality, ⢠Recommendation for fellow business partners in Metaverse potential is endless ⢠How Metaverse works & how it can be linked to business ⢠Attend events locally & share knowledge and ideas ⢠Join ideas together ⢠Impact of Dubai Metaverse Strategy & the support provided by the government. ⢠Future & impact of Geopolitical situation in implementation of Metaverse ⢠Metaverse will be day-to-day life in a few decades. ⢠Royex technologes role in helping companies in Dubai ⢠Global expansion of Royex ⢠5 offices all over the world ⢠Currently working with FIFA & CoCo Cola in Saudi Arabia ⢠Hiring game developers for Play station 5
𤨠Midterm elections & Inflation slows down. đ¨Bidenflation still at 8.5% Official information on the Consumer price index (CPI) for July 2022 via the Bureau of Labor Statistics here https://bit.ly/3Pf46ku.
âHow does this impact Bitcoin & Cryptocurrencies?
đ¨ď¸ With excessive money printing, thanks to the Inflation Reduction Act, Mid Term elections & The Merge Date of Ethereum are a little
over a month away the price of Bitcoin & Crypto market has pumped. Seeking Alpha also has an article that mentions Bitcoin spikes after softer July CPI fuels less aggressive Fed-hike bets Article here https://bit.ly/3ptjlMp
â This is not ideal for the long-term development of Bitcoin as means to create separation of Money and the state. News such as these should not affect the price of #BTC in positive or negative ways.
U.S. Securities and Exchange Commission & the U.S. Commodity Futures Trading Commission have proposed requiring large advisers to certain hedge funds to report any exposure to digital assets. As per Cointelegraphâs article, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers to private funds of at least $500 million. Article here https://bit.ly/3dnhllK & official source here via Twitter https://bit.ly/3dmKgXk for the latest updates on this u can check the info here https://www.sec.gov/
Coinbase đĽś
The first half of 2022 has not been ideal & Coinbase has posted Over $1 Billion in Losses in Q2 2022 & they also saw a 64% drop in retail transactions revenue Official news via shareholder letter that you can download here https://bit.ly/3vWDrSy The letter also talks about a June headcount reduction of 18% or approximately 1,100
employees were made redundant. A lot more information in the 30-page document.
CoinDesk has also reported that Coinbase Exchange faces an SEC probe over crypto yield, and staking Products. Info here https://bit.ly/3AdsVcf Will the partnership with BlackRock generate a positive outcome for Coinbase?
đŚšđťââď¸ 2022: Year of hacks & exploits
Curve finance and on-chain liquidity using advanced bonding face an exploit the incident was flagged online by a number of members of the wider cryptocurrency community. The attackers managed to clone the Curve Finance website and rerouted the DNS server to the fake page. Unfortunately, users who attempted to make use of the platform then had their funds drained to a pool operated by the attackers. Approximately $537,000 worth of USD Coin has been lost Great explanation by Cointelegraph here https://bit.ly/3QeWNuw
They retweeted on the 10th Donât use the frontend yet. Investigating! info here https://bit.ly/3QwxHXC & the tweeted 8 hours ago that hackerâs site is already down.
đĽTwo UAE news: đSlides below
PwC Middle East launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation Mahmoud Al-Salah
Blockchain Economy Summit is scheduled for October 4â5, 2022 in Dubai, UAE
For slides click here: https://bit.ly/3JJGOlJ
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Bitcoin a
10th Aug âDoes Ethereum flip Bitcoinâ Will there be 3 forks of Ethereumâ ⥠Ethereum make History
đ¨ For the first time in history, the Ethereum option's open interest at $6.6B is now higher than for Bitcoin at $4.8B. Glassnode's weekly insights "Betting on the Merge" has some really interesting information on this https://bit.ly/3p4mvpF The article also talks about 'buy the rumour, sell the news' style event around the merge date and how traders are looking to manipulate it.
â See slide no 2 below where we share metrics on Bitcoin vs Ethereum, market share, 24-hour trading volume & dominance via CoinMarketCap
đ¨ CoinShares' weekly blog via Medium also states that Ethereum saw inflows totalling US$16m and is enjoying a near 7 consecutive week run of inflows totalling US$159m. Informative article & metrics here https://bit.ly/3PcaiK5
đď¸ Listen to Crypto & Coffee at 8 â, a Dubai-based podcast where we explain these in detail. Links below Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7
đď¸ Kevin Zhou co-founder of Galois Capital has an excellent interview with the OG of crypto podcast Laura Shin from Unchained Podcast where he shares his opinion on why Ethereum will have 3 forks after the merge. A must listen also available on YouTube here https://bit.ly/3QbJ87f they also talk about the LUNA death spiral & how he speaks things to existence!
â With 2nd term elections taking place on the 8th of November are we heading towards a bullish market in the cryptocurrency space? đđťFTX partners with Reddit, Inc. to roll out tokenized Community Points & Reddit, Inc. has selected Arbitrum, Inc. in a scaling bake-off to bring Points to the Ethereum mainnet using Arbitrum Nova. Official news here https://bit.ly/3A8Xobf
đ§ CBDC down under Reserve Bank of Australia has announced that they are collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC) in Australia. The project is expected to take about a year to complete & interested industry participants will be invited to develop specific use cases Official news here https://bit.ly/3zN2KYj Blockchain DXB as an event on the 26th of Aug called, Central Bank Digital Currencies: The Basics, Threats to Freedom & Metaverse. Register here for the event via Eventbrite đ Bitcoin Magazine lately provides a lot of Fake News & Incorrect news & misleading news via Twitter but has a good article that talks about Why Bitcoin is Money & CBDC are not, some good points in the article, a good comparison to Gold & comments on why fixing the money would fix the world. Article here https://bit.ly/3A9xWlY
đĽ Two UAE news (check slides) - Day To Day Hypermarket to accept cryptocurrency payments - Web3 leader Bedu aligns its expansion plans with the Dubai Metaverse strategy
For slides click here: https://bit.ly/3QoomRI
LinkedIn Profile: https://bit.ly/3SLoTiG
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
09th Aug
Tornado Cash đŞď¸sanctioned by The U.S. Department of the Treasury
Tornado Cash has been accused of laundering more than $7 billion worth of virtual currency since its creation in 2019. The power of open source đŞđť Official news here https://bit.ly/3bEvcnn Can we do the same thing with Cash? As of now, The US Treasury has banned all Americans from using decentralized crypto-mixing services or any of the Ethereum wallet addresses tied to the protocol. Those who do may face criminal penalties.
Binance đ WazirX: The Drama: Who owns Wazir X?
Indian authorities ie the Directorate of Enforcement freeze $8.1M in WazirX funds as part of the AML investigation. Official press release here: https://bit.ly/3QttRi1
đ CEO of Binance, Changpeng Zhao clarified via Twitter that Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders. Series of informative tweets here https://bit.ly/3zIrsZT
Binance only provides wallet services for WazirX as a tech solution.
WazirX is responsible for all other aspects of the WazirX exchange
Binance collaborates with law enforcement agencies happy to work with Enforcement Directorate
đ Nischal Shetty tweeted
WazirX was acquired by Binance (Incorrect information)
Zanmai Labs is an Indian entity owned by me & my co-founders
đď¸ Listen to Crypto & Coffee at 8 â, a Dubai-based podcast where we explain the drama in detail.
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đ Terra Lunaâs impact
Singapore-based crypto lender Hodlnaut has suspended withdrawals, swaps and deposits & it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) citing recent market conditions. Official news via Twitter here https://bit.ly/3zImU5Z & full statement here https://bit.ly/3BKyu38 Theyâre currently consulting with Damodara Ong LLC on the execution plan
âđť Blockchain for Gold Industry
Joseph Cavatoni, head of global sales and regional CEO of The World Gold Council (WGC) believes the gold industry will integrate with blockchain technology in order to âhelp the industry standardize reporting.â A Gold Bar Integrity Programme (GBI), a distributed ledger concept backed by the WGC and the LBMA GOLD TRADING LLC. They intend to leverage blockchain technology crafted by the distributed ledger firms aXedras and Peer Ledger Inc.
đŚThe information in Block + Chain is only as good as the Input. If incorrect/false information is updated. It is Immutable in the Blockchain. Private Key will only check if the person has access to make the transactions, it will not check the validity of the input (incorrect/false information) in this case
đĽ Two UAE news: (Check slides )
UAE issues new reporting requirements for real estate transactions Ministry of JusticeâââUAE, Ministry Of Economy, UAE
For slides click here: https://bit.ly/3BQQb15
LinkedIn Profile: https://bit.ly/3SLoTiG
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
Episode No 2 Location: Meta Incubator Date: 08th August 2022 Blockchain DXB + Meta Incubator RA George + Sam Lai
Introduction: - Information on What listeners can expect & contact information for Sam Lai + Meta Incubator & Blockchain DXB - Characteristics that Venture capitals look at in a founder - Brief information on weekly meetup called Crypto with coffee at his venue in Marina Plaza & some top names from Zilliqa, Panther Protocol, XT exchange, Hypersign + many more attend the event Question 1) When do you think is a realistic time frame for mainstream adoption of Metaverse? - Shared his predictions on timeline & different VR/Headsets, a good example of the popularity of Apple Air pods - VR to be wearable such as sunglasses - Horizon platform by Meta to be made available across all platforms - Discussion on different layers of Metaverse Question 2) What hardware do you think would play a significant role in Metaverse? - Information on Augmented Reality, the interaction with the real world - Discussion on the ecosystem of software developers - Importance & innovation of eye tracking motion tracking - How economies of scale would reduce the price of Hardware devices Question 3) What are the changes in Display in the Metaverse? - How display will change over time in the Metaverse - Possibility of lenses as the visual display with an immersive display - Micro OLED for better clarity & better interaction - Haptic devices & getting a feel of things in the Metaverse - Eye tracking & how it impacts visuals for 3D images - Projects working on senses using 3d Printed technology Question 4) What industries Sam do you think would be most impacted the most by Metaverse? - Banking industry will be the least impacted BUT totally disrupted by cryptocurrencies - Realtime interaction with the digital person in Japan - Customer service in the Metaverse using Avatar - Real Estate & browsing the room 24/7 instead of visits utilizing the true benefits of Metaverse - Healthcare, how metaverse could save travel time & easier for patients & Drâs - How Dr could explain remotely using 3D & mix it with Augmented Reality - Possibility of remote operation in the next years - The gaming industry is the most impacted by Metaverse & different metaverse components & owning objects within the Metaverse - Standard for updating 3D Objects & usage across cross-chain & different Blockchain platforms - Brief information on Lightning Network in Metaverse & how it would be massive for the industry - Hypersign another company Sam Lai/Meta Incubator is incubating. That is a decentralized & digital Identity in the Metaverse & has creative finance & activity in the Metaverse Question 5) What do you think Sam could act as a Barrier or delay mainstream adoption of Metaverse? - Hyperinflation & Russia/Ukraine & China/Taiwan & how it could affect Supply Chain - How these problems could boost faster adoption of Metaverse - Metaverse in these situations could be ideal to boost & help humanity - Innovation & technology to be used to solve problems & increase productivity Question 6) How can Meta Incubator help businesses & individuals Metaverse? - Help early staged Metaverse projects in Dubai & how Meta Incubator can help - Financial assistance & help them grow - Help the startup & the community - Help startups connect with big business - Help build MVP & connect to industry leaders - Assist companies with marketing strategies in the USA due to the market potential in the west & set up a small office in the USA to get visibility - How to stay patient & listen to customers & shared examples of Among US Question 7) How can listeners connect with Sam Lai & Meta Incubator? - sam@metaincubator.com - info@metaincubator.com - www.metaincubator.com - LinkedIn Profile: http
08th Aug đ¨Bidenflation: âMoney printers go BRRRâ đInflation Reduction Act
đ¨ď¸ The U.S. Senate Passes Democratsâ $740 Billion Climate, Health and Tax Bill. Info here https://bit.ly/3A3FaYG via Alabama News Network How does this impact the price of Cryptocurrency?
đĽSecurity Exchange Commission đ All U.S. Crypto Exchanges (Legit or Fake news) Forbes article states that every U.S. Crypto Exchange & Binance is being Investigated By The SEC. An unnamed employee from Lummisâ office has claimed this Is this news Legit or Fake news to create panic & get more clicks? As there are no legitimate sources in the article. Article here https://bit.ly/3QnGgnC & the news is just based on chatter. Historically news such as these in the crypto world turns out to be #fake The news is based on Forbes lead crypto journalist Michael del Castillo his Twitter account here https://bit.ly/3bBLfCl
đ Cryptoweekend + Fake Defi TVL? Check out slide no 2 to get detailed information on the Crypto market over the weekend. The number is not looking right! Is Defi dead or was it not reported correctly in the first place?
â As of 08th AugâââDefi TVL is down to $68.66 B CoinDesk has an informative article that mentions How a crypto developer faked the DeFi ecosystem mostly to do with Solana. The article talks about how The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now theyâre moving to Aptos. Info here https://bit.ly/3P6zGRe Another important article written here https://bit.ly/3P6Kuij shares more information & on how it could tarnish the reputation of the entire Solana ecosystem. Forkast.News also has an article that talks about how DeFi TVL plunged 67% in Q2 A good read BUT if u check https://defillama.com/ TVL now the ATH shows as $185B instead of $240B. It used to show $242 at the start of the year
âĄLightning Network NOT BlockchainâĄ: The narrative is slowly gaining momentum CoinDeskâs article has mentioned that according to a report by Arcane Research, the Lightning Network, in particular, has developed a diverse ecosystem of over 100 apps across at least 20 categories. Download the report here https://bit.ly/3Q0cvtf Data is only till April 2022. Check out the Blockchain DXB post on why Bitcoin using the Lightning Network may be an ideal form of payment in the Metaverse. Article here https://bit.ly/3p0Ncvf Also
âĄZEBEDEE, a Bitcoin (BTC)-powered payment processor powered by Lightning Network for the gaming industry, has closed a $35M Series B. Source here https://bit.ly/3OZLkNW
Check our podcast at 8 am GST Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7
đĽ Two UAE news (Check slides) - $75 Million Digital Asset fund in Dubai by Nine Blocks Capital Management Henri Arslanian - Dubai Digital Asset Association under the patronage of H.E. Omar Sultan AlOlama Ralf Glabischnig Crypto Oasis
For slides click here: https://bit.ly/3oZ4B7F
LinkedIn Profile: https://www.linkedin.com/in/r-a-george-19b102104/
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
05th Aug: đď¸ Metaverse Everything đď¸
đ¨ Are we Metaverse readyâ Mainstream adoption of Metaverse may be a decade away. Maybe in a few decades, the Metaverse economy will be bigger than the real world economy?
đď¸ Welcome to the Metaverse podcast has an excellent episode with Remco Sikkema of Movella & Xsens where they discuss how motion capture works & why it is crucial for the future of Metaverse. Great episode!
đ¤ Social media giant Meta had their earning call last week on the 27th of July. Check out slide no 3 below where we explore numbers in detail. Facebookâss REEL & Instagram REEL has seen massive increases in time spent by users, especially in the 2nd quarter. For Metaverse, start-ups would be ideal to spend advertisements on Reels instead of posts & stories.
đ¨đź Mark Zuckerberg also announced via a Facebook post, Rollout of NFTs across 100 countries. His post here https://bit.ly/3buPEXF & they are doing this in partnership with Coinbase & Dapper Labs. These NFT would easily transition to Metaverse
đą What would be the ideal medium of exchange in the Metaverse? Lightning Network Not Blockchain is slowly gaining momentum among the crypto community. Check out slide no 6 where we explore Bitcoin using LN would be ideal in Scalability, Security, Interoperability & Privacy.
5ď¸âŁ Metaverse news from around the world
Socios.com Will Invest âŹ100 Million in FC Barcelona in a Metaverse Push. The investment will give Socios.com 24.5% of the stake Official news here https://bit.ly/3zUJids
The worldâs first metaverse ATM will be launched on Decentraland in partnership with the Transak payment gateway, and Metaverse Architects studio source via DailyCoin here https://bit.ly/3d6IYPY
The Hong Kong University of Science and Technology announced to host the launch party of a virtual reality classroom over on the Metaverse on September. via South China Morning Post SCMP Morning Post SCMP here https://bit.ly/3P1kgh6
Spanish design agency MASQUESPACIO has created the interior of the first Mango Teen shop in Barcelona. Info https://bit.ly/3BMCShY
Facebook to roll out NFT to over 100 countries
5ď¸âŁ Metaverse news from Dubai
Dubai Municipality will have undergone restructuring & this would impact Blockchain & Metaverse Official info https://bit.ly/3zVKwFx
Swiss-owned metaverse and blockchain-based platform has just launched its much-anticipated first 3D city environment of Downtown Dubai Info via DailyCoin here https://bit.ly/3Q3Fqg6
Blockchain DXB episode on Dubai world leader in Crypto + Blockchain + Metaverse (Web3.0) to be released soon.
-Rise in the OCR podcast to launch 7 NFT resembling each Emirate of UAE info via Instagram will be released soon. IG here https://bit.ly/3zAWUtd
For slides click here: https://bit.ly/3zCW53b
LinkedIn Profile: https://bit.ly/3BziTDl
Podcast Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
04th Aug đťAnatoly Yakovenko âIf bitcoin doesnât move to POSâŚ. wait what? Solana suffers exploit & close to 8,000 SOL-based wallets have been compromised. Solanaâs solution is simple: Make a centralized decision to stop producing blocks for those involved in the hack. He has mentioned via Twitter that it could be an iOS supply chain attack & that You should move those assets out of mobile wallets. Preferably Ledger https://bit.ly/3cX8LKh
đą Anatoly Yakovenko made a controversial statement about Bitcoin back in April 2022 in an interview with CNBC available on YouTube here https://bit.ly/3PbYwzv since then, they have had numerous outages & several centralized decisions to stop producing blocks. As a jab to Solana Bitcoin Maximalist & lately #fakenews provider Bitcoin Magazine has tweeted You canât hack #Bitcoin, would be interesting to have a conversation about Mt. Gox with Bitcoin Magazine.
đĽ To get the latest & real-time update on the Solana wallet exploit follow SolanaStatus here https://bit.ly/3br7SJA
⥠Finance Magnates article here https://bit.ly/3Qf98hM has reported that over $6 Million has been drained from Solanaâs âHotâ Wallets & as a precautionary measure Bybit has announced it is suspending SOL deposits and withdrawals. Official news via Twitter here https://bit.ly/3OYz6VQ
đ 2022 the year of hacks & Exploits? ZBExchange worldâs most secure digital asset exchange faces a hack The funds went missing from the crypto exchangeâs hot wallet on Tuesday. A Security firm PeckShield made the announcement via Twitter, posting data showing that $4.8 million in over 20 cryptocurrencies, including #SHIB, #USDT, & #MATIC, had been transferred out of the exchange on Tuesday. Tweet here https://bit.ly/3vDR5tQ ZB exchanges twitter post states âDue to the sudden failure of some core applications âŚâŚ.Deposit and withdrawal services are now suspended.â Tweet here https://bit.ly/3BB9w63
đ Robinhood Robinhood has decided to reduce its Workforce by 23% Due to the âDeterioration of the Macro Environment Approximately 780 employees will be laid off. CEO and Co-Founder, Vlad Tenev mentioned via their blog here https://bit.ly/3PXNQWl The Wall Street Journal has reported that Robinhood crypto unit has to pay $30 million penalty for AML and Consumer Protection Violations & the news was announced by the New York State Department of Financial Services, they allege that Robinhood violated anti-money-laundering and cybersecurity regulations. Article here https://on.wsj.com/3oQoxcz
â˝đ¤ âŹ100 Million in FC Barcelona Socios.com will invest $100 Million in FC Barcelona in a Metaverse Push in return for a 24.5% stake. FC Barcelona announced the sale of 24.5% of Barça Studios to the company.Info here https://bit.ly/3zUJids
UAE news: (Check slides) - Blockchain DXB event on Central Bank Digital Currency: The Basics, Threats to Freedom & role in the Metaverse - Podcast episode on Dubai world leader in Crypto+ Blockchain + Metaverse (Web3.0)
For slides click here: https://bit.ly/3BCyKB1
LinkedIn Profile:https://bit.ly/3BziTDl
Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
03rd Aug â Free-for-all ââ Your Keys, Not Your Cryptoâ Nomad token bridge (Hack or Exploit)
đ CNBC reported that Hackers drained almost $200 million in cryptocurrency from Nomad, a tool that lets users swap tokens from one blockchain to another, in yet another attack highlighting weaknesses in the decentralized finance space. While it is unclear how the hack has taken place at this point in time, the article has a good explanation here https://cnb.cx/3vuqbV6. Official tweet here by the team https://bit.ly/3BEy9yO
SEC â Vitalik Buterin đ Ponzi schemes â Michael Saylor Security Exchange Commission has charged 11 People in $300 million in a forage crypto pyramid and Ponzi Scheme. Official info here https://bit.ly/3oKjWJ8 11 individuals raised over $300 million from retail investors from around the world through the scheme. These schemes were purely carried out on Ethereum, Tron, and Binance blockchains. List of names in the article.
đŻ In a Ponzi scheme, itâs usually the founders, early adopters are the ones who are benefitted the most. Does this resemble Bitcoin & some crypto projects too?
đ Michael Saylor, CEO of MicroStrategy the next Satish Kumbhani of Bitconnect Group? He has been posting a lot of incorrect & false statements via Twitter about Bitcoin & its use cases. While Bitcoin is No Ponzi but by tweeting incorrect & false information he is getting followers to buy Bitcoin & in doing so his own net value in Bitcoin increases.
đŻ Game theory + Human Greed + Nature of Demand vs Supply (Fixed) is a tough problem to solve!
𤣠Vitalik Buterin has just mentioned via Twitter calling out scammers info here https://bit.ly/3zqWTYP & a few days ago another tweet addressing heroes that turn out to be total clowns? Clearly talking about Michael Saylor https://bit.ly/3SdlgSa
đ¨ CBDC vs Bitcoin The European Central Bank has released a working paper series discussing the holy grail of cross-border payments. Focuses on 4 core areas ie 1) Immediate 2) Cheap 3) Universal reach 4) Settled in a secure settlement medium, such as central bank money As per the article, the solution may be in the next decade BUT we already have Bitcoin ie A Peer to Peer electronic cash system that is 1) Immediate, 2) Cheap, 3) Universal reach, & 4) Real-time settlement. It also eliminates the need for Central Bank Money. Interesting article here https://bit.ly/3bkyXOQ
đď¸ Blockchain DXB also has an event on the 26th of August called Central Bank Digital Currencies , The Basic, Threats to Freedom & Its role in the Metaverse While CBDC may not be ideal & no comparison to Bitcoin. It does make a perfect use case in the Metaverse. Check our website to find out CBDC vs Bitcoin info here https://bit.ly/3NR6ugQ
đĽ Two UAE news: (Check slides) - Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 26th Augâââ09th Sep - Ethereum Beginners Guide Blockchain DXB 26th Aug
âHow does Nancy Pelosiâs visit (China vs Taiwan) impact price?đ§ââď¸
For slides click here: https://bit.ly/3boyESW
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
02nd Aug âĄLightning Network NOT Blockchain⥠& An NFT for NFT, for $51,000 by Tiffany & Co.
âĄLightning Network NOT Blockchain is a narrative slowly gaining momentum not just among Bitcoin Maximalists but also in the crypto community Glassnodeâss weekly insights highlight that total LN public capacity has now reached 4,405 #btc, which is an increase of 19% over the last two months, despite the prevailing bear market. Article here https://bit.ly/3bkZoDZ
đSome technical + crypto market news
Glassnode + CoinMarketCap have released a new report on how just how challenging the 2022 bear market has been for Bitcoin, and Ethereum investors report here https://bit.ly/3vwFCMJ Some interesting information in the report such as June being the worst month for #Bitcoin since 2011 & 2nd worst month for #ETH since 2018. Loads of useful information in the 23page document. PDF version here https://bit.ly/3OPkKqO
Finance Magnates article confirms three things
Bitcoin network activity has increased in the past few days. Does this mean bullish times ahead? Our price predictions are 100% right 50% of the time. Article here https://bit.ly/3Jq0qLA
CoinShares weekly blog via Medium also confirms that last week in July saw inflows the strongest this year.& July represents the strongest set of monthly inflows so far this year totalling US$474m, almost correcting all of the June outflows which totalled US$481m. This is very good news & with the Ethereum Merge date coming up on the 19th of September it could well mean the prices are on an uptrend till that date. Blog here https://bit.ly/3Bu1KLn
đ That being said the trading volume is low. Even the 24-hour trading volume since the last 24 is low & Cointelegraph also states that Polygon gains 83% in a month, but data show the project has been losing traction. According to the article, Polygon pumped after being selected for The Walt Disney Companyâs accelerator program to build AR, NFT and AI solutions. Article here https://bit.ly/3zPVnR6
đĽ Bling for NFTâââ$51,000 (30 ETH) Tiffany & Co. is launching a series of NFTs. The sale is set to begin on August 5 but these are exclusive to CryptoPunks holders, They posted a video via Twitter here https://bit.ly/3BvTxq3 âNFTiffâ transforms your NFT into a bespoke pendant. Apart from the physical pendant, CryptoPunks holders will also receive an NFT version of the pendant. The price was set at 30ETH at the timing of writing approx. ($51,000)
đ¨ Two UAE news: (Check slides for more info) - DecentWorld launches the first 3D city environment of Downtown Dubai - Restructuring of Dubai Municipality by Sheikh Hamdan & its impact on Blockchain & Metaverse
For slides click here: https://bit.ly/3oLv88b
LinkedIn Profile:https://bit.ly/3BziTDl
âCrypto & Coffee at 8â Check out our podcast to get a detailed analysis. Podcast available here Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
01st August đ¨ Are Stablecoins a safe haven during Inflation? â Few questions regarding Stable coin!
đ The 24 hr volume accounts for over 94.% of the total crypto marketâs 24-hour volume & the amount in terms of $$$ since the last 3 months is ridiculously low Check out slide no 2 to get a detailed breakdown & our podcast to get more analysis & commentary on it.
âŹď¸ The volume of Defi has gone up for the last 24 hours. Total Value locked in Defi at $90.18B source https://defillama.com/
USDC đ USDT The 24hr volume of Tether.to USDT has been on a decline The 24hr volume of Circle USDC has been on an incline
đĄ Bank for International SettlementsâââBIS report states that Banksâ cross-border claims rose by $1.4 trillion over the first quarter of 2022, Report here https://bit.ly/3Jkwtwj & detailed information can be found here https://bit.ly/3vsUT0M Can these claims be reduced to 0 if the transfers were done by #Bitcoin? Can it be reduced by over 80% if done by stablecoins?
âFew questions regarding stablecoinsâ - Are stablecoins Censorable? - What is the main purpose of using stablecoins? Safe Haven or Transfer - Can CBDC pose a threat to stablecoins?
đ Not your Keys Not your Crypto đ
đťBabel Finance has lost over $280 million in proprietary trading with customer funds. The Block has reported that Babel Finance lost 8,000 BTC and 56,000 ETH in proprietary trading with customer funds, according to a restructuring proposal deck obtained by The Block. The firm is now seeking to convert hundreds of millions of dollars of debt into equity and raise more funds in a revolving credit facility, per the deck. Article here https://bit.ly/3BvaTDx
đť Zipmex filed for bankruptcy! Finance Magnates reported that Zipmex a Singapore-based cryptocurrency exchange filed for bankruptcy protection in Singapore & earlier in the month & suspended all withdrawals citing market volatility and other uncertain conditions behind the move. Article https://bit.ly/3SbeCMi
đŻ âDemocratizing Open Knowledgeâ Harvard University and Filecoin Foundation are working on a Decentralized web plan to preserve digital information Official info here https://bit.ly/3vsh6fF Great move for sure but the image on the website is wrong. Intentions are right but the image uploaded is wrong, interchange of words & image. Ideally should be Distributed web plan. They are doing this in a partnership with Library Innovation Lab a forward-looking group of thinkers and doers working at the intersection of libraries, technology, and law.
đĽTwo UAE news: - FTX wins full approval to operate a crypto exchange in Dubai - Dubai Blockchain Center and Chaintech to foster blockchain tech in GCC Marwan Alzarouni
âCrypto & Coffee at 8â Check out our podcast to get a detailed analysis. Podcast available here Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
For slides click here https://bit.ly/3OH520M
LinkedIn Profile: https://bit.ly/3BziTDl
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
ďź Blockchain DXBâs Metaverse everything podcast host RA Georges sits with Sam Lai to discuss Metaverse & Dubai Metaverse Strategy. ďź MetaIncubator is First Metaverse Incubator in the Middle East Help You Launch and Grow Metaverse Projects that will Exceed Your Vision
⢠An informational & interesting conversation where Sam Lai, shares his experience. A few pointers from the podcast are below o The art & the importance of Storytelling o A feeling of social inclusiveness o Dubai Metaverse strategy will attract a lot of international businesses ď§ Clear Regulations & supportive government ď§ Ease of business in Dubai & Tax-free benefits ď§ Discussion of Museum of the Future, VARA, & World Trade Center ď§ UAE is a central location for Arica, Asia & one of the coolest places in this area ď§ 75% of the population of younger age in GCC & how it could drive adoption ď§ Cultural mix in Dubai & sometimes it takes to adjust to a different culture ď§ A realistic time of adoption of Metaverse in Dubai ď§ How Meta Incubator can be of assistance for firms in UAE o The importance of Experience in the Metaverse ď§ Star Wars is an excellent example of a Metaverse ď§ The experience of being connected o General chat about Stepn App & its success ď§ Information on Tokenomics and market condition ď§ How Physical world will merge with the Virtual World o How metaverse provides an opportunity & brings people who were excluded from the physical world & allows them to shine o Gaming in the Metaverse & how Web3 can derive value for users o Chat about Saudi NFT ď§ Storytelling & getting connected ď§ Dubai Police NFT what can be learnt
o Challenges of fitting web3 in a business model which may change over time o Understand the value chain o Different layers of Metaverse ď§ Infrastructure ď§ Human Interface ď§ AR/VR/ MR ď§ 3d, Googles, motion control, voice control ď§ Experience of Decentraland & its comparison to early stages of internet ď§ What could be the google of Metaverse ď§ The importance of the human connection o Metaverse is the next generation of social networking & so critical to have a human element
For any feedback, inquiries or suggestions please contact Blockchain DXB at info@blockchaindxb.com or info@area2071.com For any inquiries or to get connected to Meta Incubator please contact Sam Lai at sam@metaincubator.com or info@metaincubator.com
29th July đĽ The OG of Metaverse & visionary Neal Stephenson is building a blockchain to uplift creators. He has teamed up with venture capitalist & Bitcoin Foundationâs co-founder Peter Vessenes. The project is named Lamina1. Info here Cointelegraph https://bit.ly/3oCQ1T3
đ Meta has increased the price of Meta Quest 2 headsets by $100. Official info via Twitter here https://bit.ly/3OEaoty The earnings report shows that Meta reported a Q2 operating loss of $2.8B for its metaverse division.
â Questions regarding the Metaverse - Will the Metaverse economy be bigger than the real economy? - How much will you be willing to spend on hardware devices? - Will Centralized Metaverse offer a better experience & customer service? - How will politics or lack thereof impact Metaverse?
đŻBlockchain DXB will release a stand-alone episode on PESTLER analysis on Metaverse. The episode will focus on the following areas
P- PoliticalâââShould metaverse be Apolitical? E- EconomicalâââMetaverse economy bigger than the real world? S- SocialâââUser-Owned Content T- TechnologicalâââAR/VR/ MR/ 3D + Hologram L- LegalâââLegal Rights in the Metaverse E- EnvironmentalâââESG in the Metaverse R- ReligiousâââWill the Metaverse be Sharia Compliant
â A higher committee has been announced for Future Technology and Digital Economy formed & will be chaired by HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Official news via Government of Dubai Media Office here https://bit.ly/3bhDxNF You can also check out our Podcast on Dubai Metaverse Strategy here
iTunes/Apple https://apple.co/3cQW7wv Spotify https://spoti.fi/3JbYciI Anchor https://bit.ly/3Jbz4bX Google https://bit.ly/3Jtf70t
5ď¸âŁ Metaverse news from Dubai ⥠Dubai Racing Club (DRC) has announced that it will launch a one-of-a-kind NFT artwork collection Official here https://bit.ly/3BpMVcA
⥠Dubai Police HQ will be releasing the second NFT collection during GITEX GLOBAL 2022 #YourSecurityOurHappiness is the theme. Info via Twitter here https://bit.ly/3zFf4Ln
⥠Blockchain DXB Metaverse Event: The Hype, Reality & New World Order on the 19th of August 2022. Register via Eventbrite here https://bit.ly/3bc8QcC
⥠Metaverse everything podcast with Sam Lai Chief Executive officer of Meta Incubator an important conversation on Dubai Metaverse strategy and sharing the importance of Storytelling, Inclusiveness & the impact Metaverse will have on the future economy. The episode will be released on the 30th
⥠Commercial Bank International has launched a virtual location in Decentraland Official news via ITP Media Group here https://bit.ly/3PCiVi1
5ď¸âŁ Metaverse news can be seen in slide no 8
â Since the Federal Reserve Boardâs announcement of the hike in interest rate by 75 basis points. The crypto market has crossed $1T. Cryptocurrency platforms linked to Metaverse have seen significant growth in the last 24 hours. The market cap has increased by $1 billion ( price via CoinMarketCap)
For slides click here: https://bit.ly/3z8AGys
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
29th July đĽ The OG of Metaverse & visionary Neal Stephenson is building a blockchain to uplift creators. He has teamed up with venture capitalist & Bitcoin Foundationâs co-founder Peter Vessenes. The project is named Lamina1. Info here Cointelegraph https://bit.ly/3oCQ1T3
đ Meta has increased the price of Meta Quest 2 headsets by $100. Official info via Twitter here https://bit.ly/3OEaoty The earnings report shows that Meta reported a Q2 operating loss of $2.8B for its metaverse division.
â Questions regarding the Metaverse - Will the Metaverse economy be bigger than the real economy? - How much will you be willing to spend on hardware devices? - Will Centralized Metaverse offer a better experience & customer service? - How will politics or lack thereof impact Metaverse?
đŻBlockchain DXB will release a stand-alone episode on PESTLER analysis on Metaverse. The episode will focus on the following areas
P- PoliticalâââShould metaverse be Apolitical? E- EconomicalâââMetaverse economy bigger than the real world? S- SocialâââUser-Owned Content T- TechnologicalâââAR/VR/ MR/ 3D + Hologram L- LegalâââLegal Rights in the Metaverse E- EnvironmentalâââESG in the Metaverse R- ReligiousâââWill the Metaverse be Sharia Compliant
â A higher committee has been announced for Future Technology and Digital Economy formed & will be chaired by HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Official news via Government of Dubai Media Office here https://bit.ly/3bhDxNF You can also check out our Podcast on Dubai Metaverse Strategy here
iTunes/Apple https://apple.co/3cQW7wv Spotify https://spoti.fi/3JbYciI Anchor https://bit.ly/3Jbz4bX Google https://bit.ly/3Jtf70t
5ď¸âŁ Metaverse news from Dubai ⥠Dubai Racing Club (DRC) has announced that it will launch a one-of-a-kind NFT artwork collection Official here https://bit.ly/3BpMVcA
⥠Dubai Police HQ will be releasing the second NFT collection during GITEX GLOBAL 2022 #YourSecurityOurHappiness is the theme. Info via Twitter here https://bit.ly/3zFf4Ln
⥠Blockchain DXB Metaverse Event: The Hype, Reality & New World Order on the 19th of August 2022. Register via Eventbrite here https://bit.ly/3bc8QcC
⥠Metaverse everything podcast with Sam Lai Chief Executive officer of Meta Incubator an important conversation on Dubai Metaverse strategy and sharing the importance of Storytelling, Inclusiveness & the impact Metaverse will have on the future economy. The episode will be released on the 30th
⥠Commercial Bank International has launched a virtual location in Decentraland Official news via ITP Media Group here https://bit.ly/3PCiVi1
5ď¸âŁ Metaverse news can be seen in slide no 8
â Since the Federal Reserve Boardâs announcement of the hike in interest rate by 75 basis points. The crypto market has crossed $1T. Cryptocurrency platforms linked to Metaverse have seen significant growth in the last 24 hours. The market cap has increased by $1 billion ( price via CoinMarketCap)
For slides click here: https://bit.ly/3z8AGys
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
28th July â Federal Reserve Board: âInflation is a little bit hotter than anticipated & the economic activity is weaker than expectedâ
đĽ The Federal Reserve Board raises interest rates by 0.75% (75 basis points), Official video via YouTube here. An unusually large increase is possible in the next coming months. Written document in PDF here https://bit.ly/3vjSgya
â Federal Reserve Board Chair Jerome Powell states 8 times âUS is currently not in a Recessionâ And a great explanation in the video on payroll & labour market conditionsâ
đ¨ When will the inflation be below 2%? Reuters published an article while the speech was still on that shared info on recent data showing consumer prices rising at more than a 9% annual rate Article here https://reut.rs/3zCSvar
đ A few hours before the meeting Metaâs Oculus QuestVR 2 informed via Twitter about an increase in price by Explanation can be found via MetaâsInstagram story too$100 Tweet https://bit.ly/3OEaoty
â When was the last time we saw a price increase by $100 for the same product?
đ Since the announcement, the cryptocurrency market has crossed the $1Trillion Ethereum & Ethereum the biggest gainer. Check slide no 2 below Stable coins account for 94.01% of the total crypto market 24-hour volume
Bakkt study finds nearly 50% of gig workers are open to getting paid a portion in cryptocurrencies freelance, writers, designers, developers & property renters had the highest openness rate (62%), followed by rideshare drivers (56%), and grocery shoppers (55%). More info via Business Wire here https://bwnews.pr/3PI74yT
⥠Lightning Network NOT Blockchain ⥠Finance Magnates articles share perspectives from the Bitcoin community & why Bitcoin maximalists believe there is no need for other cryptos, and bitcoin alone is positioned to supersede fiat. A good read. Lightning Network NOT Blockchain is a narrative slowly building in the Bitcoin & Crypto community. An interesting short read here https://bit.ly/3vkBmjh but the same Bitcoin maximalist were praising Do Kwon when he was on a buying spree of Bitcoin.
đŁ El Salvador: A failed experiment? Decrypt has written an informative article that El Salvador plans to buy back bonds after President Nayib Bukeleâs bad Bitcoin bets &he wants to buy back $1.6 billion in sovereign debt as the countryâs finances look increasingly strained after a series of mistimed bets on Bitcoin. He mentioned via Twitter here https://bit.ly/3PEiT9i that he is sending 2 bills to Congress to authorize funding for the buybacks. . Article here https://bit.ly/3OBzzgl
UAE check slides) đĽ KomainuâââNext Generation Custodian receives provisional Virtual Assets license in Dubai đĽ Blockchain DXB event on Central Bank Digital Currency: The Basics, Threats to Freedom, How it will fit in the Metaverse & more Event on the ( 26th August 2022)
For slides click here: https://bit.ly/3PQFhfs
Check out our podcast Crypto & Coffee at 8 to get a detailed analysis Podcast available here
Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
26th July đŻ Crypto Price predictions are 100% right, 50% of the time! ⥠Crypto market cap down to $952.04B ⥠Stablecoins account for 93.48% of trading volume
đ Critical for the stock market, Inflation & the cryptocurrency world as this week Apple, Amazon, and Meta will share their earnings report and The Wall Street Journal article states companies from The Coca-Cola Company to McDonaldâs will share insights on #inflation, #supplychain and consumers. Info here https://on.wsj.com/3zzjyDz The official filings are available on the website. Last week Buy the rumour, Sell the news has strongly impacted the price of cryptocurrencies.
đ¨ The global crypto market is down to $952.04B. Over 600M has been wiped off in 7days. The volume of stablecoins is over 93.48%, which is worrisome. Check out slide no 2 for a snapshot of the crypto market & check out our podcast Crypto & Coffee at 8 to get a detailed analysis Podcast available here
Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
đ Some Technical Stuff - Glassnodeâs weekly inside Conviction through confluence discusses HODlers supply concentrations, Rebounding Off An Over-extension & The Mayer Multiple. If you are into technical graphs definitely worth go through this in detail. Info here https://bit.ly/3PBPRY3
𤊠Finance Magnates has reported that a Bitcoin Millionaire has moved14,000 BTC to an unknown wallet. This is generally a good indication which means #HODL culture is alive & well. The article also talks about separate transfers, someone moved 3,374 BTC from Coinbase on 24 July https://bit.ly/3otPse9. News originally released by Whale Alert & due to the nature of Bitcoinâs open blockchain we can verify the transactions here https://bit.ly/3zxoMQc
đŻ Not Your Keys, Not Your Crypto Do you buy cryptocurrencies from exchanges? Since 2014, roughly 42% of failed crypto exchanges have disappeared without a trace for no apparent reason Bitcoin.com has an in-depth article on this here https://bit.ly/3PAbSq9 CoinJournalâs report also notes that it is expected that the year will see a 55% fall in overall crypto exchange failures.
UAE news: (Check slides) - Metaverse: The Hype, Reality & New World Order by Blockchain DXB 19th of August. Registration link via Eventbrite here: https://bit.ly/3PDziuS - PESTLER analysis on Bitcoin on the 19th of August by Blockchain DXB Registration link via Eventbrite here: https://bit.ly/3OyjAjc
For slides:https://bit.ly/3JlQnXX
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
25th July đ President Donald Trump (GOAT) â A much bigger problem than a recession, Weâll have a depressionâ
đŁď¸ 45 has warned that the U.S. economy is facing âa much bigger problem than a recession âWeâll have a depression,â Full video via YouTube here https://bit.ly/3zxIQSx His talk at 3hr19 mins
â Where does Bitcoin & Blockchain Fit into this? âTime for Separation of Money & the state?
đŤ In Europe, the European Central Bankâs money printing has endangered the Eurozone Bitcoin Magazine has written an article that shares some crucial points - Created $4Trillion in 2 years - Increase in interest rate in July - Attack on cryptocurrency - Approach by Christine Lagarde
âWhile the article aims to explain why Bitcoin offers an alternative that separates money from the state, the article actually mentions 0 use cases on why Bitcoin is ideal. Another terrible article as it does not mention a single benefit of using bitcoin, instead just focuses on the negatives of fiat currency
đĄ Check out Blockchain DXB suggestion on how Bitcoin with few changes would actually serve as a world reserve currency (Still WIP)
đĽ CoinGeek has published an article on the US, and EU regulators discussing Mica, stablecoins and Bitcoin regulation at the meeting at the Joint Financial Regulatory Forum Official statement here by U.S. Department of the Treasury https://bit.ly/3cFPFbB
MiCA (Markets in Crypto Assets)is expected to âput an order in the Wild West of crypto assets and set clear rules for a harmonized market that will provide legal certainty for crypto asset issuers, guarantee equal rights for service providers and ensure high standards for consumers and investors.â
đŚ Regulations may be starting soon, in some contexts regulations may be a good thing as long as they protect investors & the general mass at the same time donât stifle innovation - Are regulations needed for cryptocurrency? - Stablecoin issuers do they act like banks - Who should set regulations ? Crypto & technology developers Members of the congress
SEC đ CFTC SEC đ Coinbase employee (Insider trading)
đ Caroline D. Pham Commissioner of the U.S. Commodity Futures Trading Commission released a statement that Security Exchange Commission allegations could have broad implications beyond this single case, underscoring how critical and urgent it is that regulators work together. This is in relation to three charged in the first-ever cryptocurrency insider trading tipping scheme. Official info released by the U.S. Department of Justice https://bit.ly/3cF7dV6
đ¨We strongly recommend reading DOJ release first and then CFTCâs document to get an accurate assessment of what is going on
đď¸ Check slides for market info & podcast for a detailed explanation on it Podcast links here:
Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
UAE news: Check slides - Huobi Global receives provisional license approval from Dubaiâs VARA - Three Arrows Capital Limited Capital is still making a move to Dubai?âââSome update
For slides click here: https://bit.ly/3BdMthy
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
22nd July đĽ Microsoft unveils HoloLens2 + đď¸ Podcast on Dubai Metaverse Strategy
âĄExtreme level threats to Metaverse âĄCrime in the Metaverse âĄTop 5 Metaverse news from around the world âĄTop 5 Metaverse news from DXB
đ Top 5 Metaverse tokens by Market Capitalization Slide no 1 by CoinMarketCap - ApeCoin is up by 45.97% in the last 7 days! - Market Cap is up by $2B since the last week
đ¨ Microsoft has unveiled HoloLens 2 in the UAE, it will enable Mixed Reality for every developer and every business. The goal is to build secure, collaborative mixed reality solutions using intelligent cloud services and best-in-class hardware Info here https://bit.ly/3ona5sE by The National News. Check out slides no 3 & 4 below where we give a detailed breakdown of the 5 news Hololens 2. You can buy it here https://bit.ly/3RUOkxC
Blockchain DXB shares a few extreme macro-level threats (slide no5) that could delay mainstream adoption of the Metaverse. With Inflation + Deglobalization + A New World Order is the world Modernizing or Americanizing?
â Elliptic has published an interesting article called âThe Future of Financial Crime in the Metaverseâ A 52-page document with a focus on Decentraland, Voxels (formerly Cryptovoxels), & The SandboxâââWe Are Hiring! & few more Report shares information on Wash trading, Giveaway scams, Fake Metaverse, Fake land expansion /drops, 3D social engineering & more. Article here https://bit.ly/3cuXlgI
5ď¸âŁ Metaverse news from around the World (Check slide no 8 below)
5ď¸âŁ Metaverse news from Dubai
đ Splash Fashions joins BoredPuma in creating groundbreaking Celestial Collection, stepping out as the first company to release an NFT in the region Info via Zawya here https://bit.ly/3PEQ2S8
đĽď¸ Sharjah Research, Technology and Innovation Park (SRTI Park) have a talk on Mixed Reality Webinar on the 26th of July. Session by Google AR Team & ITD Link here https://bit.ly/3ooXaX8
đď¸ Blockchain DXB a podcast on Dubai Metaverse Strategy will be released soon. Links for the podcast here
Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
đ Rajib Roy an OG of Metaverse from the region & CEO of Royex Technologies has released his 4th book MetaverseâââThe Future is here. Available on Amazon US here https://amzn.to/3onCzCs & UAE here https://amzn.to/3IYmlt5
đđťââď¸ Fitness in the Metaverse: ¡Navy dxb a not-for-profit gym in the Middle East has announced Fitness Metaverse. They will soon integrate VR-based space with Blockchain Technology Info via their Instagram profile Navy_DXb here https://bit.ly/3OqN0jc
For slides click here: https://bit.ly/3BbqNmo
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
21st July â Fake News by Bitcoin Magazine â U.S. Department of Justice seizes and forfeits approximately $500,000 đU.S. Department of Justice seizes and forfeits approximately $500,000 from North Korean ransomware actors and their conspirators. Official info here https://bit.ly/3og2dc3 $100,000 + $120,000 was paid in Bitcoin in Kansans & Colorado. The Federal Bureau of Investigation (FBI) was able to identify the never-before-seen North Korean ransomware and trace the cryptocurrency to China-based money launderers. It would be interesting to know the name of the cryptocurrency exchange if involved. The District of Kansas then began proceedings to forfeit the hackers' funds and return the stolen money to the victims. BBC's article here https://bbc.in/3aW5YAv
đĄBitcoinMagazine posted a video via Twitter & wrote the Chinese government is protecting banks with tanks from people after declaring they can't withdraw their money. The original video is of a navy base training exercise done on the 17th which is done every year nothing to do with banks or money. Tweet here https://bit.ly/3zmXpIA. We at Blockchain DXB very strongly feel We live in a world where having loads of information is not important. Having information from 1st source.  đĄ Not Your Keys, Not your Crypto The 2nd line of the Bitcoin white paper reads⌠"but the main benefits are lost if a trusted third party is still required to prevent double-spending" Anthony Scaramucci's SkyBridge Capital has suspended withdrawals from its Legion Strategies Fund, one of its funds with crypto and private stocks exposure, after the sharp decline in the prices of the assets. He has assured investors "those are temporary suspensions," & "zero risk of any asset liquidation" Info via Decrypt here https://bit.ly/3RQT33B & original article by Bloomberg LP here https://bloom.bg/3RKVdl8  ⥠USDC news Circle's USDC 24-hour volume is up to $8.5B CoinDesk has an excellent article that talks about how Circle's cautious USDC approach has paid off, despite missteps. It takes about its history since 2013 & how it has focused on Transparency & oversight. Also some good comparisons with Tether.to USDT & its relationship with Bitfinex Article here https://bit.ly/3B5AH8X The 24hr volume has gradually been growing for USDC & firms in UAE have recently switched from USDT to USDC in the last three months. đŽ Post Terra Luna Cointelegraph reported that South Korean authorities raid 15 entities linked to Terra collapse ie UpBit, Bithumb Global, ě˝ě¸ě Coinone, ě˝ëš(Korbit) and Copax. Article here https://bit.ly/3PEeYcj Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, & seven crypto exchanges. UAE (Check slides) - Singapore's Fintonia Group secures provisional virtual assets license in Dubai Adrian Chng đđť - Blockchain DXB Podcast: New Episodes -Crypto terminologies + Pentagon Paper + Dubai Metaverse Strategy For slides click here: https://bit.ly/3Q0D3ub Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549
20th July đ Bloomberg Crypto Summit + Ethereum Community Conference + Ethereum Merge = Pump in the price?
đĽ Bloomberg LPâs Crypto Summit âBuilding the futureâ is currently taking place top names from the worlds of tokens, blockchain, Web3, NFTs, decentralized finance, economics, investing, venture capital, and more to talk about whatâs real and whatâs speculation, and what smart money should know about the next phases of growth in this ascendant industry. The agenda can be found here https://bit.ly/3crgqk2
-An in-depth conversation with Mike Novogratz CEO of Galaxy Digital
A lot more conversation & you can watch it live via YouTube here https://bit.ly/3PDnLuR
đŤ Is Ethereum âMergeâ driving the crypto market? #ETH is up by over 50% in the last 7 days CoinDesk article has an interesting take on this https://bit.ly/3AZa8Ck Nathaniel Whittemoreâs podcast has an interesting episode âThe Ethereum Merge Settles In as Next Crypto Narrativeâ & some political implications of POW vs POS.
â It would be interesting to see price movement in Ethereum after the Ethereum Community Conference. We at Blockchain DXB feel there might be a minor dump & our Price predictions are 100% right 50% of the time
GlobalBlock CEO Rufus R. has an interesting video that talks about #ETH Futures See $230M in Liquidations as Merge Pushes ETH to $1,500. Video on YouTube here https://bit.ly/3OeKE6U they also discuss if itâs a good idea to have #BTC as a treasury reserve
đŁď¸ Yesterday Security Exchange Commission chair Gary Gensler In an interview with Bloomberg LP TV shared his concern about non-compliance across the crypto industry. He is 100% correct and offers a very simple explanation of Security & securities law. Interview here https://bloom.bg/3OkRZBO
đ¨ Important to note he also talks about how we need to be technology neutral & yet protect the public. Lack of Regulation + Lack of enforcement of the regulation is what is a major concern at the moment. Can it be tackled in the near future?
đŁď¸ Kara Calvert head of policy from Coinbase & former SEC chair Jay Clayton advisory Board Member of Fireblocks; Of Counsel Consultants, Sullivan & Cromwell LLP LLP discuss some challenges of regulation as digital assets are global. Also positive things about The Responsible Financial Innovation Act. They also talk about the importance of regulation for stablecoins A lot of Useful information https://bloom.bg/3PeHYHL
â Regulations are definitely needed as long as they provide clarity and clear directions and do not stifle innovation. â
UAE news: (Check slides) - HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum launches Dubai Metaverse Strategy. A podcast on this will be released soon - Blockchain DXB Metaverse: The Hype, Reality & New World Order takes place on the 22nd. Info here https://bit.ly/39HFC4A
For slides click here: https://bit.ly/3IP6zR7
Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549
19th July đ Buy the rumour sell the news đł the global crypto market cap crosses $1Trillion!
đĽ Ethereum Community Conference 5 takes place from 19th -21st of July. Info of the event here https://ethcc.io/ Historically in the crypto world price pumps before these events & dumps immediately.
đĽ The Merge date for Ethereum is the 19th of September. Ethereum Beacon chain community director, who goes by Twitter id Superphiz, posted a series of timelines https://bit.ly/3AZsza4 This news could have led the price of #ETH to pump
đBitcoin.com has a detailed explanation of this. An informative read here https://bit.ly/3aKZcNU
đ Web3 = next ICO craze? â Cointelegraph posted an article hew hours ago that shares info on how Web3 dominates venture capital interest in the blockchain industry in Q2 2022. The article also mentions despite a large slump in global markets Andreessen Horowitz closed a $4.5 billion crypto fund, and investment continued to flow into different sectors of the crypto industry. More info here https://bit.ly/3BfXpeP
â Christieâs the British auction house founded in 1766, launches Venture Fund & will fund emerging technologies and financial innovations relevant to art. They have successfully closed their first investment in LayerZero Labs. Info here https://bit.ly/3AYpCXb Christieâs Ventures will start by exploring three broad categories: Web3.0 innovation, art-related financial products and solutions and technologies that enable seamless consumption of art.
â Finance Magnates makes a very good attempt to explain what Web3 actually means. A decentralized version of the web, with a money layer, in which users take independent ownership of their own data and digital identity. Good info here https://bit.ly/3oaV6BE
đŤ Is Web3 another gimmick to lure VCs to invest? We at Blockchain DXB very strongly feel Block + Chain technology has a very limited use case using Cryptography + Hashing Algorithm + Mathematics + ZK proof. A 100% Distributed network is extremely hard to organically materialize. Game theory + Human Greed + Demand vs Supply is an extremely tough problem to solve.
â Jack Dorsey CEO of Square has a different and tbh more straightforward approach to Web5, not Web3 More info here https://bit.ly/3yTetEe.
JackDOrseyshas a different and to be honest more straightforward approach to Web5, not Web3 based on TBD website it says
Web 5 is a decentralized platform that provides a new identity layer for the web to enable decentralized apps and protocols.
The definition talks about how In the current web model, users do not own their data or identity. They are given accounts by companies and their data is held captive in app silos. To create a new class of decentralized apps and protocols that put individuals at the centre, we must empower them with self-owned identity and restore control over their data.
Jac Dorseys platform TBD embraces the convenience of Web 2 but it also returns control back to the users, an ethos of Web 3. The harmony of these two views is what we're calling Web 5.
The current focus is â Decentralized Identityâ TBD has Twitter Spaces with quite a lot of useful information. A panel discussion on Decentralized Identity a lot more here https://bit.ly/3PwrZEw The great thing is it is Open source and, where appropriate, built on open standards.
đĽUAE news: (Check slides ) - Kraken Digital Asset Exchange and RAKBANK allow investors to fund virtual asset investments through their local bank accounts - New Technology Systems LLC (NTS), Intertec Systems, Konvexe, Block Armour, and Blockchain Worx SG today announced a strategic partnership to expand blockchain-based enterprise solutions in the Middle East region â Zawya
For slides click here:https://bit.ly/3B1mf1Q
Listen to our Podcast here đď¸ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https:/
18th July đŤ The Great Reset- the name of the 50th annual meeting of the World Economic Forum Forum in 2020 #thegreatreset currently trending on Twitter
đ Professor Klaus Schwab, Founder & Executive Chairman of World Economic Forum two years about said âThe pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our worldâ More info here https://bit.ly/3PEiS53
đ Two years later: Inflation + Deglobalization + War + New World Order.
â The first half of 2022 has been the worst here for #BTC & the 2nd half has started off even worse.
𼜠Crypto Winter in Summer 𼾠â Devin Finzer, Co-Founder & CEO of OpenSea mentioned via Twitter that they are letting go of 20% of their team. His tweet here https://bit.ly/3IJYpt0
â Celsius has filed for Chapter 11 bankruptcy. Official filing here https://bit.ly/3aNHjhw & has also acknowledged a $1.2B hole in the Balance Sheet. They have hired a new law firm Kirkland & Ellis. Official info via their blog here https://bit.ly/3OjkGz8 . They have also released an informative video explaining the process via YouTube here https://bit.ly/3OdUWUT
âThe very 2nd line of Satoshi Nakamotoâs Bitcoin White paper reads ââŚ..but the main benefits are lost if a trusted third party is still required to prevent double-spendingââ Extremely important & still relevant over a decade ago. Central Bank Digital Currencies can be easily Double Spent. Blockchain protocols there are not Distributed can also easily double spend.
đ An interesting new trend over the last 3 weeks? - The crypto market seems relatively better over the weekend - The market dumps on Tuesdays & Wednesdays - The 24-hour trading volume of Stablecoins has declined drastically - Stablecoins account for over 90% of 24-hour trading volume - The 24- hour trading volume of Circleâs USDC has increased on a daily basis since the 2nd quarter of 2022
đŁď¸ Jeremy Fox-Geen, CFO at Circle has written an excellent blog here https://bit.ly/3Ph5ZOf called âProviding Greater Transparencyâ & has provided a full breakdown of the USDC reserve assets that you can read here https://bit.ly/3oaK9QK Details of the filing with Security Exchange Commission can be found here https://bit.ly/3AV3zR4.
đThis is definitely more detailed than Tether.to USDTâs audit?
đđť New York Yankees employees will now be able to convert a portion of their paycheck to bitcoin via the NYDIG platform. Employees do not pay any transaction fees nor any fees for secure bitcoin storage. Official info https://bit.ly/3yKYjNi They are the teamâs official Bitcoin Payroll Platform
đĽ UAE news: (check slides ) - OKX has acquired a provisional virtual assets license granted by Dubaiâs Virtual Assets Regulatory Authority (VARA) - Dubai jeweller, KISEL Diamonds now accepting crypto payments using IN4X Global Yulia K.
Podcast Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
For slides click here: https://bit.ly/3cm8u3c
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
15th July đď¸ Metaverse Everything đď¸: Samsung Electronicsâs âSpace Tycoonâ in the Metaverse via Roblox. Check out our commentary on the âMetaverse Everythingâ podcast we share our hands-on experience. An official announcement on unveiling Space tycoon Gen Z can be found here https://bit.ly/3Pv4Th
đď¸ Podcast links are here & check out why we gave âSpace Tycoonâ 1 out of 10 Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
âFew questions after having a hands-on experience - Does it actually belong in Metaverse? - Could Samsung Electronics be a world leader in Metaverse? - A comeback of Gear VR in 2022?
đWe at Blockchain DXB also share our thoughts on Inflation & its impact on the Metaverse. Check out slides no 4 & 5 below we share short-term & long-term impacts of Inflation & Deglobalization
đ¨ How will Law work in the Metaverse? The globalization narrative of Think Global Act Local may soon change to Think Local Act Local. In slides No 6 & 7 we share some thoughts.
5ď¸âŁ Metaverse news from around the World
đ Sports City in the Metaverse: Cricketer Shikhar Dhawan collaborates with Bliv.Club, Wiom to launch the first metaverse sports city! More info via The Economic Times here https://bit.ly/3yEfTCM
đŽ Metaverse in 2040: Pew Research Center has an interesting article that looks at the Metaverse in 2040. More info here https://pewrsr.ch/3O8wcxg Some interesting responses from 624 participants
đš Skateboard in the Metaverse Legendary Tony Hawk skates into the metaverse with âLargest Virtual Skatepark Ever Madeâ built on The SandboxâââWe Are Hiring! Official info released via YouTube here https://bit.ly/3OaNn10 CoinDesk has a great article on this too here https://bit.ly/3OaNn10
đ The Walt Disney Company Accelerator programme: Bloomberg LPâs article here https://bloom.bg/3IFWGVB shares info on the entertainment giant has chosen six companies to participate this year in the Disney Accelerator program!
đ Book release by OG of Metaverse! Matthew Ballâs book called Metaverse: How it will revolutionize everything will be published on the 19th of this month. Available via Amazon here https://amzn.to/3IEFJLf Definitely a must-buy! Official news from his LinkedIn post here https://bit.ly/3IHgaZX Epyllion Co
đĽ Blockchain DXBâs Metaverse Everything podcast update. Check slide no 9 where we give our vision for the near future and our focus - News - Education - Interviews - Events - Seminars
For slides click here: https://bit.ly/3RBlWjR
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
14th July đ¨ Bidenflation at 9.1% the largest 12-month increase since the period ending November 1981 Official info via Bureau of Labor Statistics here https://bit.ly/3tw2nzd . However, President Joe Biden feels that information is out of date & has set 4 priorities to tackle it . Official info via The White House here https://bit.ly/3AJFrks
đĄBlockchain DXB suggesions on how Bitcoin could be a world reserve currency, it does include a fork, increasing supply, and reducing the price per #BTC. Still, currently work in progress here https://bit.ly/3I0E3f3
đĽSeparation of Money & the state will eventually happen & be a good thing for humanity, meanwhile, UNCTAD whose aim is prosperity for all has released a policy brief titled âAll that glitters is not gold: The high cost of leaving cryptocurrencies unregulatedâ Article here https://bit.ly/3uMloxR is calling for Bitcoin ads to be banned & regulation for crypto wallets. They are also pushing for central bank digital currency & or fast retail payment systems. In honesty, the article does make some valid points, particularly about stablecoins.
đď¸Check out our podcast to get our detailed breakdown of this!
đż#Fakenews by Michael Saylor Michael Saylor CEO of MicroStrategy has been providing #fakenews & incorrect information regarding the fungibility of Bitcoin. He mentioned via Twitter that 1BTC = 1BTC. This is fake news. His Tweet here https://bit.ly/3AN0HWl. In the past, he has intentionally misled followers by saying Bitcoin has never had a single downtime.
đĄHuman Greed & lack of a Central entity in Bitcoin Blockchain can lead Multi Billionaires to lie to the general mass to create artificial Demand for Bitcoin! Since the Supply is fixed by creating demand the price would pump
đWhy would Michael Saylor do that? By doing so people would buy Bitcoin & in doing so Michael Saylor & MicroStrategy netâs worth in Bitcoin would increase
đAccording to Google Trends, the term âBitcoin Crashâ is trending. Info here https://bit.ly/3B3VVUT Cointelegraph has an interesting read that shares info on how #BTC has been written off as dead 458 times in the past. Kevin Owocki, founder of Gitcoin DAO has some interesting things to say & how he is focusing on the future of what Web3 can build and how those tools can provide solutions to global problems that humanity faces. More info here https://bit.ly/3aEHV99
â While the crypto market is still facing the impact of Bidenflation NFT has had a better week Bitcoin.com has reported that NFT sales jump 10% higher than last week, Cryptopunk #4,464 sells for $2.6 million. More detailed info in the article here https://bit.ly/3PnhPWS It also mentions Cryptopunks collection as sales metrics recorded a whopping 545.36% increase during the past seven days!
âUAE news: (Check slides)â - UAE teams up with Chainalysis Inc. to provide blockchain training to government entities - Bitcoin Price Volatility ( Demand vs Supply ) explained by Blockchain DXB
For slides click here: https://bit.ly/3AWtSpY
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
13th July đĽśCrypto winter in summerđĽľ
In 2020 are stablecoins a safe haven for crypto winter? Not really! The 24-hour trading volume of stablecoins has been on a steady decline since the last month & still accounts for over 91% of total crypto market volume. Check slide No2 below for a detailed breakdown of this.
đĄ Satoshi Nakamotoâs message: âThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks.â a hint to the original article by The Times here https://bit.ly/3PoaaHI the article talks about how Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens.
âFast forward to 2022 Crypto Multi Billionaires doing the very same thing?
Justin Sun, of BitTorrent, Inc. & Tron DAO is willing to spend $5 billion on helping the industry builders to continue building. More info here via DailyCoin here https://bit.ly/3aupuUI
Multi Billionaire & FTX CEO Sam Bankman-Fried has bailed out & in the process of bailing out a few companies such as BlockFi and Voyager. An interesting article https://reut.rs/3avIyBK.
Multibillionaire Changpeng Zhao, CEO of Binance has a different view on Bailouts though. He did criticize Alameda Research approach. An interesting podcast with Decrypt podcast gm from Decrypt (the episode is not published yet?) More info can be found here https://bit.ly/3RtwHVy
â Question: When it comes to money whom do we trust? - Billionaires - Early Adopters, Crypto Billionaires, Celebrities - Government - Hashing Algorithm, Mathematics, Cryptography (Bitcoin)
đ Bitcoin may not offer a safe haven as it was initially intended to! Game theory, Human Greed & the nature of Demand vs Supply (ie Limited & fixed) is a problem that we may never be able to solve?
đ´ While Bitcoin & cryptocurrencies have not offered a safe haven in the Bidenflation era The U.S. Office of Financial Research an arm of the U.S. Department of the Treasury strongly feels a digital dollar could be good for financial stability. A working paper called Central Bank Digital Currency: Stability and Information was published yesterday. Article here https://bit.ly/3PjPaTb
đ¨But could they provide a safe haven? And at what cost? Blockchain DXB had an event CBDC, THe Basics, Threat to Freedom & its role in the Metaverse last week. The slides & information can be found here https://bit.ly/3QgMGFO
đŤ While âfake cryptoâ such as CBDC does bank the unbanked there are more risks than advantages. Two developments to look out for in the world of CBDC - CBDC will introduce Zero-knowledge proof - Burning to reduce the Supply of CBDC to better manage Inflation
UAE news (Check slides for more info) - Startup to develop Middle East real estate projects, commodity trading with blockchain and Web3 technology - PESTLER analysis on Bitcoin on the 15th of July (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB
For slides click here: https://bit.ly/3uJaFo4
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
08th July: Metaverse Everything! đĽ Will the Metaverse economy be bigger than the real-world economy?
đď¸ McKinsey & Company podcast At The Edge has 3 part series on Metaverse with host Mina Alaghband alongside guests such as Cathy Hackl, renowned metaverse expert and author Matthew Ball & Richard Ward. Podcast link here https://mck.co/3yPnmA9
â Few questions regarding Metaverse - Will there be a political rally in the metaverse? - In the USA, 2024 Presidential debate in Metaverse a possibility? - Politician with only an avatar, all words & actions recorded on public open blockchain be ideal?
âWhat countries are excited about Metaverse? - Developed Countries - Developing Countries - Under Developed Countries
Check out our slide no 6 below where we suggest general ways to hunt for resources regarding Metaverse.
â Top Metaverse news from Dubai! - Crypto Fest2022 is an event taking place 19th -20th Oct in Dubai with top speakers such as Tim Draper, Dr Jane Thomason & more. Info here https://bit.ly/3AzKx2O
đ Metaverse programming! UAE AI Camp No 4, a gathering of training, workshops, webinars and talks about Artificial Intelligence organized by Artificial Intelligence, Digital Economy and Remote Work Applications Office (UAE) Brilliant initiative. More info here https://bit.ly/3IpSfhu
đŠď¸ Etihad ¡Airways unveils its first NFT collection & proceeds from the collection to purchase sustainable aviation fuel in 2022. Official news via Twitter here https://bit.ly/3yRQDdz & detailed info can be found here https://bit.ly/3P4Ge3y Cleary roadmap in the article that shows the creation of Etihad NFT club for exclusive holder benefits
đ Royex Technologies organized the âExperience The Metaverseâ event. Info via YouTube here https://bit.ly/3nK9wZo. They are also going to launch a virtual mega mall in metaverse which is going to be 4 times larger than the Dubai Mall! Info via the website here https://bit.ly/3OTzqpo
đ Top Metaverse news from the world Yahoo is launching Metaverse events for Hong Kong residents under restrictions in Decentraland Info via Cointelegraph here https://bit.ly/3yPr24V
đâ𦺠A metaverse Dog named Laika is the first dog in the Metaverse. Created by The Digital Pets Company⢠Info via NoCamelsâââIsraeli Tech & Innovation News here https://bit.ly/3IoqshN
đť Booze culture to the metaverse South Koreaâs largest convenience store CU has introduced its alcohol brands on the Korean JJAANN Metaverse. A good place to chill? Article by Forkast.News here https://bit.ly/3als9Qi
đď¸ Hospitality brand LEVEN from Manchester opens the lifestyle hotel in the metaverse. They are building a âvisually fantasticâ virtual hotel in the metaverse where people from all over the world can connect. Info via The Europe Times https://bit.ly/3PaF2vs
đĽ Pringles is Hiring for a Metaverse âNPCâ Position & offering gamers a chance to win $25,000 More Info via GameRant.com (Game Rant) here https://bit.ly/3ORJsHT
For slides click here: https://bit.ly/3RhQ5EK
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
07th July â 2022: The year of Central Bank Digital Currencies, Binance & Metaverse news
đĄ Blockchain DXB has an event on 8th July on CBDC where we explore, The Basics, Threats to Freedom & CBDCâs role in the Metaverse. Registration link here https://bit.ly/3RgLq5V
đĽBinance has just announced 0 fee Bitcoin trading globally. Binance has also removed fees from 13 stable coin and fiat pairs. The Zero-fee trading will take effect July 8 to coincide with the exchangeâs five-year anniversary this month. It will remain in place until further notice. Official news via their blog here https://bit.ly/3nHFMMC
đ¨ âMetaverse Everythingâ podcast by Blockchain DXB has weekly updates check here https://bit.ly/3bUXBVP
â Question: What countries are excited about Metaverse & are eager to learn more about it? - Developed Nations - Underdeveloped Nations - Developing Nations
âCrypto market info via CoinMarketCap Stable coins a safe haven? - Total crypto market 24 hr volume is $59.88B - Volume of all Stablecoins is $53.55B - Tether.to USDT 24 hr volume is $42.44
đWhat is going on isnât Bitcoin supposed to be a safe haven during economic collapse & Bidenflation? Looks like stable coins are offering a safe haven. With the current situation, what does the future of crypto look like?
â James Butterfill. head of research at CoinShares has posted an excellent and informative blog via Medium stating There is more pain to come in the crypto markets. A comparison to the 2008 credit crisis. Some great info on Defi TVL down from US$250bn to US$71bn this year & a lot more. Blog here https://bit.ly/3yIZq1h A must-read it also has critical information on Bitcoin mining & how miners have allegedly not paid their electricity bills & some miners sell their holdings.
âď¸ Cointelegraph just published an article a few hours ago that shares info on, Bitcoin mining stocks rebound sharply despite a 70% drop in BTC minersâ revenue Article here https://bit.ly/3uusKpz
đ While the crypto market reminiscences the 2008 credit crisis Crypto hardware wallet sales increase as centralized exchanges scramble. âNot Your Keys, Not Your Coinâ is in fruition among the mass Pascal Gauthier, CEO of hardware wallet crypto firm Ledger has told Cointelegraph that the companyâs revenue dropped about 90% during the 2018 crypto winter, but this hasnât been the case this year. Details in the article here https://bit.ly/3ImvFGw
𤨠Ethereum POW mining While Ethereum is on the verge of ending Proof of work mining BITMAIN Crypto Mining has launched Antminer E9 for $4.17 per Megahash. Official news via Twitter here https://bit.ly/3NMP5Wn
âđť With Ethereum Consensus Layersâ next phase of The Merge on its way, would be a terrible idea to buy it? Should rent it for a specified duration instead?
UAE news: - Aurus acquires Crypto license and establishes HQ in Dubai - Gulf Xellence â Where the World Meets Announces the Most Exciting & Largest CRYPTO FEST 2022 in Dubai, UAE
For slides click here: https://www.linkedin.com/posts/r-a-george-19b102104_blockchaindxb-btc-activity-6950651068124930048-Fxgi?utm_source=linkedin_share&utm_medium=member_desktop_web
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
06th July
đStablecoins account for 91.32% of the total crypto market 24-hour volume
âSince the 1st quarter of 2022, the volume in terms of $ has been going down steadily, yet it still accounts for over 90% of the total crypto market
Tether.to USDT 24-hour trading volume has been going down đ $47.9B
Circleâs USDC 24-hour trading volume has been going up đ$6.2B
đĄCointelegraph also has an article that states Circleâs USDC is on track to topple USDT as the top stablecoin in 2022. Info here https://bit.ly/3Rf7w9a
âDoes it make sense to regulate stable coin issuers as they do operate as a bank? A collapse of USDT would have 10x more consequences than Terra Luna!
đ´UK news
1ď¸âŁ HM Revenue & Customs is seeking public input on DeFi taxation. HMRC is asking for input from investors, professionals and organizations involved in DeFi-related activities. Official info here https://bit.ly/3yjG2X9. The government is seeking views on the taxation of crypto-asset loans and âstakingâ within the context of Decentralised Finance (DeFi)
2ď¸âŁ Financial Conduct Authority has appointed Matthew Long as Director of Payments and Digital Assets, a new role overseeing the e-money, payment and crypto-asset markets and leading related policy development. He is currently a Director within the National Economic Crime Command within the National Crime Agency (NCA) , which has a strategic leadership role for economic crime and illicit finance. He also led the UK Financial Intelligence Unit. He will join the FCA in October. Official news here https://bit.ly/3P4F5Zt
đŁď¸CoinShares has announced the acquisition of Napoleon Asset Management Info via Global News Wire here https://bit.ly/3bSXcDB
đGlassnodeâs weekly insights have confirmed Bitcoin has locked in one of the worst monthly price performances in history, with prices trading down -37.9% in June & HODLers as the last line standing! https://bit.ly/3bSZ8fi
đď¸ We covered this on our â4th of July Bidenflationâ episode listen here
Spotify: https://spoti.fi/3y3Fapq
iTunes: https://apple.co/3u4Iak7
Google: https://bit.ly/3ysvrL0
đ CoinShares weekly blog via Medium confirms Bitcoin saw little inflows over the week, totalling just US$0.6m. Whereas Short-Bitcoin saw record inflows totalling US$51m after the product launch in the US.
đąWhat does that mean in the next coming weeks, months & 3rd quarter of this year?
đđťThe fact is Bitcoin & Cryptocurrency price predictions are 100% right, 50% of the time
â(Automobili Lamborghini S.p.A.) Lamborghini-backed Vincenzo Sospiri Racing (VSR), a GT racing team has announced its partnership with Go2NFT. They would launch a program that certifies racing car parts. This is also in partnership with blockchain platform Skey Network Detailed info here by Cointelegraph https://bit.ly/3yTa3Pj
đĽUAE news: (Check slides for more info)
Bitcoin Beginners Guide Session by Blockchain DXB â 7th of July
Ethereum Beginners Guide Blockchain DXB â 7th of July
For slides click here: https://bit.ly/3OUYgpe
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
05th July â Meta pay IN â Novi Wallet âOUT
Mark Zuckerberg in his Facebook post mentioned launching Metaâs digital wallet Meta Pay. His post here https://bit.ly/3uggh92.
đď¸We covered this on our âMetaverse Everythingâ podcast you can listen here
Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0
The Novi pilot is ending soon & users will no longer be available for use after September 1st https://www.novi.com/ the webpage states it clearly. Cointelegraph article here https://bit.ly/3yCKdPh also talks about its failed stablecoin project Diem was sold to Silvergate Bank Capital Corporation
đ¨It would have banked billions of unbanked people at no cost. Isnât that why Bitcoin was created in the 1st place?
đĄBitcoin is trustless. Instead, we rely on Cryptography, Hashing algorithms & Mathematics.
đNot your keys, not your coins. Satoshi Nakamotoâs very end line of the Bitcoin Whitepaper read ââŚ..t the main benefits are lost if a trusted third party is still required to prevent double-spendingâ. CeFi lender Vauld has just suspended âall withdrawals, trading and deposits.â Cointelegraph article claims Vauld boasted $1 billion assets under management in May this year More info on this here https://bit.ly/3bHzZUB A lot of info on this.
đŁď¸Statement by team here https://bit.ly/3P5T7ua It states that have engaged the services of Kroll Pte Limited as our financial advisor, as well as Cyril Amarchand Mangaldas and Rajah & Tann Asia Singapore LLP as legal advisors in India and Singapore respectively.
âRussia â Iran âIndiaâ
đĽCentral Bank of the Russian Federation (Bank of Russia) is ready to legalize crypto mining if miners sell minted coins abroad. They would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. Good move that would mean the Russian Ruble value is not affected & crypto value is also in place? Bitcoin.com has detailed info on this https://bit.ly/3IhoKhV
đĽIran a few years ago took a pretty much exactly oppositive stance. Central Bank of the Islamic Republic of Iran had prohibited the trading of Bitcoin and other cryptocurrencies mined outside the country, Bitcoin mined outside of Iran could have led to a bank account being closed Decrypt had few posts on this in 2021. Similar article here https://bit.ly/3bLAahN
đĽIndia: Cryptocurrency traders to pay a 30% flat tax on all crypto-related income. The new crypto tax in India reduces trading volume by 63% in just four days Nomic data shows that the daily trading volume of Indian cryptocurrency exchange WazirX fell by more than 63%, & CoinDCX by 20%. Article originally published by DailyCoin here https://bit.ly/3NFX6wb
UAE news: (check slides) - Shaabiat Al Cartoon announces first televised Arabic cartoon NFT Collection - DMCC (Dubai Multi Commodities Centre) reports its best-ever H1 performance
For slides click here: https://bit.ly/3bRjcyF
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
04th July đBidenflation #letsmakeinflationgreatagain - Total crypto market volume over the last 24 hours is $38.76B, - Stablecoins volume is down to $35.35B & still, makes up for 91.21% of the total market 24-hour volumeâââInfo at 2 am GST CoinMarketCap
đ¨4th of July: Letâs Make Bitcoin & Freedom Great Bitcoin Magazine: Few articles about it
The first article talks about By saving in bitcoin and holding your private keys, you can opt out of a flawed financial system and participate in the worldâs largest nonviolent protest https://bit.ly/3uidxI3
The second article talks about how on July 4th Americaâs founding fathers wanted to create a republic based on sound money like Bitcoin. https://bit.ly/3Id72fJ
Finally, 3rd article shares info on how July 4th is an opportunity to think about how Bitcoiners reclaimed their own financial independence. https://bit.ly/3yDEVCY
đReserve Bank of India (RBI)âs governor though has once again warned against the dangers of cryptocurrencies. The Governorâs remarks were made in tandem with the central bankâs 25th& stressed the threat of cryptocurrencies and the need for national authorities to take decisive action. https://bit.ly/3OGSQxQ The report also talks about Cryptoisation and Central Bank Digital Currencies (CBDCs). They clearly have a strong preference for CBDC.
Two contrasting views West/ East đĄBitcoin = Freedom of money âRBIâââMore control over money
đ´ 100%Separation of money and the state will happen, may take longer!
đŁď¸Blockchain DXB has an event on the 8th of this month via Eventbrite where we discuss the basics of CBDC, The threat to Freedom & its role in the Metaverse.
A bear market may be a good time to build when the prices are low, The bitcoin greed & fear index is Extreme Fear: 11. Cointelegraph just reported a few hours ago that Bitcoin addresses in loss hit an all-time high amid $18Kk price target. Info here https://bit.ly/3nBckIj
Seeking Alpha article confirms Bitcoin finishes worst half-year in 12-year history. Article here https://bit.ly/3y6AvD6. Hopefully, the last quarter will pick up the pace? Whyâ? cause itâs during the election seasonâ in the USA & stock markets & elections do have a very strong correlation
đąThree Arrows Capital Limited has filed for Bankruptcy Bloomberg LP reported that multi Billion dollar crypto hedge fund Three Arrows Capital Limited has filed for Chapter 15 Bankruptcy a move that protects its US assets while a liquidation is carried out in the British Virgin Islands. The article states that filings stop creditors from seizing a companyâs assets in the US. A law firm Latham & Watkins is representing Three Arrows in the US bankruptcy. Article here https://bloom.bg/3OX1pnZ
đĽUAE news: (check slide for more info) - Dubai blockchain investment Decentralised Investment Group firm is revolutionizing Hollywood NFTs in partnership with BRON Studios
For slides click here https://bit.ly/3R4YPOy
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
01st July: Metaverse Everything Podcast đď¸ đA Political party in the Metaverse? A distributed Metaverse not aligned to any political affiliation could set the perfect stage for a political rally & maybe even a Presidential debate?
Check slides 3 & 4 below, we explore & offer some solutions. We highlight some concerns & negative aspects. With Central Bank Digital Currencies rolling out soon, surveillance in the Metaverse & cancel culture could be dangerous for any economy
đĄHow about a Political leader with only Avatar? No prior history & all his words and actions tracked on a Blockchain?
âCheck out slide 5 where we explore 3 out of 5 senses Metaverse aim to meet remotely. With Neuro tech such as Neuralink, could we smell & taste remotely in the Metaverse?
đĽ5 Metaverse news from UAE 1ď¸âŁ Blockchain DXB starts a daily podcast on Metaverse on the 3rd of July. Monday â Friday with the latest updates on news from Dubai, UAE & Middle East
2ď¸âŁ Magnati makes its entry in the Metaverse. Magnati, owned by Brookfield Asset Management and UAE mega-bank First Abu Dhabi Bank (FAB), is the one making the step, with the aim to be a âleading player in the Middle Eastâs e-commerce metaverse space. Info via Gulf News here https://bit.ly/3y9Yd1x Ramana Kumar A CEO of Magnati has also posted an article via LinkedIn where he talks about âExperiential Commerceâ. A great read here https://bit.ly/3NAcWIT
3ď¸âŁ Thumbay Hospital plans to start UAEâs first hospital in metaverse & the launch date is in October. The Virtual hospital will see avatars of patients consult with those of doctors. News via Zawya here https://bit.ly/3bKaW3z
4ď¸âŁ digitalfarm and meta-farm are forming a collaboration with UAEâs Fomo Lab & plan to open a virtual office in the metaverse as part of its NFT, blockchain wing. Info by Arabian Business here https://bit.ly/3ORYRHv
5ď¸âŁ Rolls-Royce Phantom was displayed in Dubai at the Gulf News Web 3.0 Decode event last weekend. Details here https://bit.ly/3IcJBmI
đCheck slide no 8 for detailed info regarding Metaverse news from around the world
đ´Metaâs digital wallet Meta Pay will help speed sales of digital items, art and tickets to virtual events. More Info here via CNBC here https://cnb.cx/3R1mbo5 & Bitcoin.com here https://bit.ly/3I88ZK0 Official post by Mark Zuckerberg here https://bit.ly/3uggh92
đ´Siemens forges digital twin deal with NVIDIA for the metaverse. Official info here https://bit.ly/3yyclTA
đ´HTC new phone Desire 22 Pro comes preloaded with âViverseâ apps to navigate the metaverse. Watch the advert via YouTube here https://bit.ly/3a4JQnb News by Decrypt herehttps://bit.ly/3uhn5TL
đ´airtel launches Indiaâs first 20-screen multiplex. In the Metaverse. Official news here https://bit.ly/3NzzvNy
đ´MOOI partners with Japanese content giant cocone to build a sustainable metaverse ecosystem. Via Cryptonews here https://bit.ly/3bHQHDt
đ¨Detailed explanation on ur Podcast âMetaverse Everythingâ đ¨
For slides click here:https://bit.ly/3NA0poz
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
30th June Will Ethereum be Ultra Sound Money? đ¨Ethereum Gray Glacier on Block height no block 15,050,000.
đŁď¸Tim Beiko mentioned via Twitter, that the Block height may reach around 3 AM PT on June 30. Tweet here https://bit.ly/3a06jlo Can track it via Etherscan. Details of Gray Glacier Block on Ethereum Foundation blog here https://bit.ly/3Ov43Sb. confirms the difficult bomb would push back to 100 days.
đď¸Bankless podcast has an excellent session with Tim Beiko on the 9th of June where they discuss the updates on âThe Mergeâ, what steps are left, how it works & obstacles to overcome. The interview is also on YouTube here https://bit.ly/3I1ciTg We highly recommend watching the interview with Vitalik Buterin called âEndgameâ where they discuss the 5 stages ie The Merge, The Surge, The Verge, The Purge & The Splurge.
Coincu Financial Group INC article states with the Gray Glacier upgrade, Exchanges will temporarily suspend Ethereum and some ERC-20 services, including deposits and withdrawals. Info here https://bit.ly/3yu7Lpj
We at Blockchain DXB also have an event âEthereum Beginnersâ Guide via Eventbrite on the 8th of July where we explore this in detail.
âFew questions as Ethereum gets closer to its next phase ie Ethereum Consensus 1. Will Ethereum Flip Bitcoin? 2. Is Ethereum Ultrasound Money? 3. Is Ethereum a store of value or medium of exchange? 4. If Meta, Twitter, Google & YouTube had decided to ban #Bitcoin & talks about Bitcoin since 2010 & would have promoted Ethereum instead. Would Ethereum be the dominant cryptocurrency in the world? 5. Are smart contracts legal?
What we envision is a future like this - Bitcoin + NFTâs = Store of value - Ethereum + Competitors = Store of value + Medium of exchange - Central Bank Digital Currencies + Stable coins = Medium of exchange
đSky News has reported A British Virgin Islands court order liquidates multi-billion dollar crypto hedge fund Three Arrows Capital Limited. Article here https://bit.ly/3u8b2rS Mark Kleinman, the journalist reached out to 3AC for a comment about the courtâs alleged liquidation order and the company did not respond.
âMultibillionaire Michael Saylor, CEO of MicroStrategy acquired additional 480 Bitcoins. Official info here https://bit.ly/3NxKyHb Microstrategy has now spent over $3.98 billion on Bitcoin and owns 129,699 digital coins, according to statements from Michael Saylor.
This is scary as the Accumulation of Bitcoin is among Billionaires, Multimillionaires & Early Adopters. When it comes to money accumulation is among the elite. Was Bitcoin created to rich get richer? Or does it offer an equal playing field? Final question
âWhen it comes to Money & Bitcoin, whom do we trust? - Politicians - Billionaires, Multimillionaires & Early Adopters
UAE news - Trust Smart Solutions and payscript join hands to enable crypto payment acceptance on POS in the Middle East - Dubai Blockchain Center to support metaverse and Web3 Initiatives in the UAE
For slides click here: https://bit.ly/3bCillc
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
29th June âŤTether.to USDT a Black Swan event for Cryptocurrencies?
đŁď¸ Paolo A. CTO at Tether and crypto exchange Bitfinex posted a series of very important Tweets https://bit.ly/3ysLSHe stating there are some attempts from some hedge funds that were trying to cause further panic on the market. Definitely, a must-read via Twitter. NEWSBTC article states that according to the rumours, hedge funds have been opening short positions on Tether (USDT) & and have been actively seeking to create panic in the crypto industry to affect the stablecoin. Article here https://bit.ly/3HY6LNm
đBut whatâs going on with Stable Coins? Volume is incredibly low yet accounts for almost 90% of the total crypto market 24-hour volume. Tether.to USDT still accounts for $40.8B of all stable coin volumes ie $50.9B, Extremely low volume. Decrypt also shared an article here https://bit.ly/3npRnjk shows Tetherâs market cap has dropped by 19% since the start of May, while Circleâs USDC has climbed by 5%. The 24-hour trading volume is still extremely low though. We have also noticed companies accepting cryptocurrency (USDT) have also recently switched to accepting USDC.
đď¸Check out our Blockchain DXB podcast for the 27th where we answered a question on why USDC volume was up since the last quarter of 2021 & if Tether USDT could be a Black Swan event for the entire crypto industry. Podcast links here
Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Pocket Casts: https://bit.ly/3AetgMa
đšAs the Bitcoin Fear & Greed Index is down to Extreme Fear 10 Gonzalo Perez del Arco, director of government affairs in South Europe for card payment giant American Express, believes that making payments with crypto is not cost-effective at present. This statement was given in an exclusive chat with Cointelegraph editor Aaron Wood at European Blockchain Convention 2022 Article here https://bit.ly/3OmR4lj
đĄâĄAll these scenarios make perfect situations for Central Banks across the world to denounce cryptocurrencies, and highlight risks associated with volatility & rug pulls such as Terra Luna. Does it create a perfect use case scenario & advertisement for entry of Central Bank Digital Currencies?
đBlockchain DXB has an event via Eventbrite that would tackle all these scenarios. Registration link here https://bit.ly/3Np7mZz
đťMemecoins Crypto.com issued an update to its customers that effective 27 June 2022 $FTM, $ZIL and $NEAR are now available for Crypto Earn & and Revised Rates for Select Stablecoins & the following tokens will no longer be available on Crypto Earn: SHIB, DOGE, XTZ, MKR, EOS, OMG, FLOW, KNC, ICX, COMP, BIFI, ONG, GAS, STRAX, BNT Official info here https://bit.ly/3A7uoBi
UAE news (Check slides ) - Ifza Dubai to plant 10,000 mangrove trees by November: Track trees on Blockchain - Sheikha Hend Al Qassemi joins Web3 art tech startup Artfi
For slides click here: https://bit.ly/3ysQpt9
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
28th June đ¨Russia Defaults for 1st time in a century but is the strongest currency in the world this year! Would Bitcoin help the situation?
Russia has Defaulted its payment for the 1st time in a century CNN article claims the West pushes Russia into its first foreign debt default since 1918 https://cnn.it/3A9fpH1 Strangely but not surprisingly Russiaâs currency has soared to a seven-year high against the US dollar. Bloomberg LP article also talks about the impact here https://bloom.bg/39U4F4L
âĄDmitry Peskov, Kremlin spokesman claims to allegations of default are incorrect as the necessary currency payment was made as early as back in May. Due to sanctions, Euroclear canât settle any securities with counterparties. CBS article confirms Russiaâs ruble is the strongest currency in the world this year! Article here https://cbsn.ws/3bmatEg
Things would be so much better when âmoney âis Bitcoin & Bitcoin is money. One of the core principles of Open Blockchain & Bitcoin is it cannot be Censored. Hopefully, in a decade or few, The Separation of Money & the State will happen & governments wonât be in control of the creation, management & supply of money.
đŁď¸ Gary Gensler âBitcoin is a commodityâ Gary Gensler chair of the Federal Reserve Board in an interview with CNBC told it as a response to a question from CNBCâs Jim Cramer. This was during a discussion on potential crypto regulation and stablecoins. Some crucial information regarding transparency on reserves & particularly Tether.to USDT Interview available on YouTube here https://bit.ly/3bxsNKX. Regulations for stable coins are 100% needed as it does operate as a bank. Some Defi protocols also offer interest rates and are very centralized in nature. Article by CNBC available here https://cnb.cx/3Npwi3d
đĄâď¸Technical info Glassnodeâs macro indicators state Bitcoin is at all-time lows. Some extremely technical info & charts where the report focuses on 7-day moving average ie accumulation trend score & the impact of Terra Lunaâs collapse. If you are into technical analysis a must to sign up for the insights. Info here https://bit.ly/39ZQdbh
CoinShares weekly blog via Medium here https://bit.ly/3ynAaNH states a record of US$423m outflows last week while short-Bitcoin saw inflows of US$15m Important to note is outflows were almost solely from Canadian exchanges, & specifically one provider. What does this for the coming week? Listen to Blockchain DXB podcast âCrypto & Coffee at 8â where we share our insights on this & more
đĽBitcoin Magazine is launching its first European Bitcoin conference event in pursuit of hyperbitcoinizationâââBitcoin Amsterdam. Hopefully, the event is not a Cringe fest like 2020 which made Bitconnect look like an official sponsor. Even will be held at the iconic Westergas venue in Amsterdam, from October 12â14 Official news here https://bit.ly/3OJaa4J.
Two UAE news: (Check slides)
For slides click here:https://bit.ly/3ymQSwU
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
27th June đ´Stable coins account for 87.20% of the total crypto marketâs 24-hour volume. âThe 24-hour volume is down to $43.53 via CoinMarketCap đ¤The circulating supply of USDC is at $55.8B almost double since last year. 24 Trading volume is only at $3B đąThe Fear & Greed Index is still Extreme Fear at 14.
đHow does the 2nd half of the year perform? Changpeng Zhao, CEO of Binance is quite content with the current price of Bitcoin. In an interview with The Guardian, he said it may take a few months or a couple of years for #BTC to reach a new ATH While Bitcoin price predictions are 100% right 50% of the time, we strongly feel 1st quarter of 2025 ie six to eight months after the next halving of Bitcoin ie around May 2024 is when we may most likely see #Bitcoin reaching a new ATH. Hopefully, by then Geopolitical situation also changes & USA has the possibility of #Trump2024?
đĽLebanon Inflation 211%âââCould Bitcoin be a better solution?
Inflation numbers are extremely daunting & will continue till 2023? The National News article last week said Lebanonâs runaway inflation reaches 211% in May. Article here https://bit.ly/3u4kPz3 Lack of political stability is unable to provide loan of $3 billion from the International Monetary Fund to resuscitate its economy.
Mashable has reported that El Salvador has lost half its investment in Bitcoin. Article here https://bit.ly/39Uu1zj The price per #BTC is down to less than 1/3rd of its all-time high. Maybe over the long term, El Salvador adopting Bitcoin as legal tender could prove to be beneficial to the country and to its citizens?
đBlockFi mentioned via Twitter they are increasing rates for BTC, ETH, USDC, GUSD, PAX, BUSD, and USDT in the BlockFi Interest Account (BIA) Tweet here https://bit.ly/3QLNaEa Reasons for the increase are
1) Effective risk management 2) Decreasing market competition 3) Changing macro yield environment
âĄđWord of caution & reminder the very second line of the Bitcoin white paper readsâŚâŚ the main benefits are lost if a trusted third party is still required to prevent double-spending. Depositing #BTC to earn interest may seem attractive but could be extremely risky!
Yesterday CoinDesk published an article that claims Morgan Creek Capital Management, LLC is trying to counter FTXâs BlockFi bailout, of a $250 credit facility offered. Article here https://bit.ly/3bujYRM
Worrisome for Morgan Creek, because FTX has the option to buy BlockFi âat essentially zero price that includes Morgan Creek Digitalâs stake in BlockFi
UAE news: (Check slides for more info) - Bitcoin Beginners Guide Session by Blockchain DXB 3-part series starting from 7th July till the 21st of July - Ethereum Beginners Guide Blockchain DXB on the 7th of July
For slides click here: https://bit.ly/3QU95ca
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
24th June: Metaverse đĽMeta Avatar store! Mark Zuckerberg is all in on the metaverse!
đMark Zuckerberg joined Eva Chen, VP of Fashion Partnerships on Instagram Live & discussed the vision for #avatars & the #metaverse Can rewatch it here https://bit.ly/3QKV8xn Official news here https://bit.ly/3ODqtAi
5ď¸âŁ news Dubai news from Metaverse!
⥠DIFC Fintech week explores topics on The Metaverse, Web3, and the Inevitability of NFTs. World-class industry speakers meet on â˘28th -29th Official info here https://bit.ly/3HNS6o3
⥠NexChange Group has an event called âMetaweekâ where the event will showcase large corporations that embrace the Metaverse and bet on virtual realm development. here https://bit.ly/3u1bRmb
⥠Blockchain DXB event Metaverse, The Hype, Reality & new World Orderâ is A free-to-attend event on the 22nd of July via Eventbrite. Registration link here https://bit.ly/39HFC4A
⥠Dubai burger joint Pickl. reveals the first glimpse of metaverse restaurant. News via Gulf News here https://bit.ly/3bsg5gn
⥠World Metaverse show takes place 6th -7th October, by Trescot Official info here https://bit.ly/3xS00YR
đConsulting Experts on Metaverse!
đ¨ Deloitte just released an article discussing the metaverseâs future possibilities& pitfalls) in 5â10 years. Info here https://bit.ly/3OAUKj2
Interesting take on
Standardization.
Market fragmentation
User interface
Governance
đ¨ (Boston Consulting Group (BCG) article The Corporateâs hitchhikerâs Guide to the Metaverse. Article here https://on.bcg.com/39NXA5s It talks about the intersection of
AR/VR MR
M world
Web3 / Virtual Assets
đ¨ McKinsey & Companyâs article, Probing reality and myth in the metaverse Article here https://mck.co/39PckBh explores myths such as
No one knows what the metaverse is
The metaverse is a fad
The metaverse is for gamers
The metaverse is geared to Gen Z
You canât make money in the metaverse
The speed of technology will set the pace for adoption
đ¨ Ernst & Youngâs article The metaverse is here to stay! The article here https://mck.co/39PckBh discusses
3D glasses
Digital twin
Virtual clothing
âCheck out slide no 8 below to get Top5 Metaverse news from around the world!
đĽThe future is Metaverse. With Inflation, Stagflation, Recession, Deglobalization & new World Order. Will there be a new country an economy that emerges as a dominant player? While it may take a decade longer to see the full fruition of the Metaverse. We must
accept, embrace & learn the technology
âArea 2071: Metaverse Everythingâ podcast đď¸by Blockchain DXB will cover Metaverse news & more every Friday
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
For slides click here: https://bit.ly/3nbCAsF
23rd June âInflation + Recession + Stagflation + Deglobalization + New World Order
Inflation Numbers đ USâââ8.6% highest in 40 years đ UKâââ9.1% highest in 40 years đUAEâââ7.5% expected in 2022
đĄRay Dalio has put up an excellent article via LinkedIn called Reducing inflation will come at a great cost: Stagflation article here https://bit.ly/3OeUCpK He talks about how important it is to raise productivity and central banks are currently not doing that. Excellent examples of bull and bear markets), expansions and recessions. Also explains how debts have been increasing relative to incomes at the same time.
What is Stagflation? Simply put, stagflation or recession-inflation is a situation in which the inflation rate is high as in the current case. #Bidenflation is definitely upon us. The root cause of it is Money Printing by the Democrats?
Because of Covid 19 & Russia / Ukraine situation, the economic growth rate slows has slowed down, and unemployment remains steadily high. Despite attempts to change the definition of Unemployment by the current administration. Currently, stagflation in the USA presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment. A strong political leader is what the USA & the world needs #trump2024?
đ Where does Bitcoin fit into all this? Well maybe if Bitcoin was created centuries ago we may have not been in a similar situation?âââNot True. Check out Blockchain DXBâs suggestion here https://bit.ly/3I0E3f3 on how Bitcoin as an alternate form of money in existence to Fiat currency could maybe ease the current financial crisis? (Still an idea stage & work in progress) . Check our events on #CBDC & #Metaverse below
đ¨Nouriel Roubini âDr. Doomâ chief economist from Atlas Capital Team L.P. has a great interview with Bloomberg LP where he talks about US Economy âGetting Very Closeâ to Recession. YouTube it here https://bit.ly/3zVW240 He reiterated his stance on crypto & the value is 0. He could be, right? Over $2Trillion has been wiped off the crypto market. Earlier in March, with Brunello Rosa he had mentioned that the invasion of Ukraine will have steep stagflationary effects, even in otherwise strong economies, article here https://bit.ly/3QF6LWA via Project Syndicate. They were right
Sam Bankman-Fried , CEO of FTX bails out embattled crypto firms BlockFi and Voyager by providing BlockFi with a $250 million revolving credit facility & committed $500 million in financing to Voyager Digital. Info via Twitter here https://bit.ly/3xJaWbm
âĄElliptic article via LinkedIn shares detailed info on how #dogecoin is gaining traction for illicit use. Elliptic has identified millions of dollars worth of #dogecoin transactions connected to illicit activity. Detailed & informative info here https://bit.ly/3n9PEyt Surprisingly Tether.to USDT accounts for more illegal activity than #TRX #ETH #Doge combined. Unclear if privacy coins such as Monero, and Zcash account for Other?
Binance US has launched zero-fee Bitcoin trading & in the near future, they plan to eliminate charges for more tokens. Brian Shroder CEO of Binance.US told Bloomberg LP that zero-fee trading is âsomething that we want to do because we can. More info here via CoinDesk here https://bit.ly/3yeos8l
UAE news: (Check slides below) â Metaverse: The Hype, Reality & New World Order by Blockchain DXB via Eventbrite register here: https://bit.ly/39HFC4A â Central Bank Digital Currency (CBDC) and how it will impact in the coming years. The Good, The Bad, The threat to Freedom & more. Eventbrite register here: https://bit.ly/3OaWdwQ
For slides click here: https://bit.ly/3QJSFmE
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
22nd June đ¨Central Bank Digital Currencies NOT Crypto
âBank for International Settlements â BIS says CBDCs, Not Crypto, will be the cornerstone of the Future Monetary System. They have released a special chapter in the Annual Economic Report 2022 that u can download here https://bit.ly/3tP8sHb that talks about the future monetary system A comparison between the Current monetary system vs Crypto Monetary system vs Future Monetary system (CBDC) is explained, They also talk about âThe promise and pitfalls of cryptoâ taking a jab at the implosion of the TerraUSD, stablecoin and its twin coin Luna & a lot more
We at Blockchain DXB also have an event called âCentral Bank Digital Currencies: The Basics, Threats to Freedom & Metaverseâ via Eventbrite on the 8th of July. Registration https://bit.ly/3OaWdwQ
Stable coins do account for over 85% of 24 hours trading volume. Lately, the adoption of USDC has been growing a lot. Few metrics to share
đĄCirculating Supply â 67.4 B Tether.to USDT đĄCirculating Supply â 55.8B USDC Circle/ Coinbase
24-hour trading volume 87.37% of the total crypto market 24-hour volume via CoinMarketCap
â$50.3B USDT â$4.9 B USDC
đWith over 87% of the cryptocurrency volume taking place in stable coins & the implosion of TerraUSD, it does become increasingly important to safeguard the interest of the people?
đSecurity Exchange Commission chair Gary Gensler has once again warned the public about crypto investments that seem âtoo good to be true.â He definitely seems right He also mentioned lending platforms are operating a little like banks More info on this via Bitcoin.com here https://bit.ly/3HN4yo4 You may not like what he is saying but he is speaking #facts The U.S. Department of the Treasury has called an urgent need for regulatory frameworks that mitigate the risks posed by digital assets. Regulations are great to protect investors & safeguard communitiesâ interests as a whole. As long as it does not stifle innovation, regulations are ideal. But Bitcoin was created precisely for this very reason? A movement toward separation of Money & the state! A peer-to-peer electronic cash system. It may take over a decade, maybe a few for the separation of Money & the state
đĽAlex Bornyakov The Deputy Minister of Digital Transformation of Ukraine on IT industry development, Head of the Diia City project published via Twitter that #CryptoPunk #5364 has been sold for 90 ETH. Itâs over $100K. A few months ago this NFT was donated to Aid for Ukraine News https://bit.ly/3OsU0MP In March he also tweeted on ways to help Ukraine with crypto, detailed & official info on this here https://bit.ly/3zQlRT0. The community has already raised more than $60 million, a detailed breakdown & how the fund will be used are on the link & also below is a summary
Two UAE news: (Check slides for more info)
Hex Trust has obtained provisional approval from the Government Dubaiâs Virtual Assets Regulatory Authority (VARA) BitOasis Crypto Exchange Cuts 5% Of Its Staff Citing Recession and Market Turmoil
For slides click here: https://bit.ly/3QFDCdE
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
21st June! đ Bitcoin Investors Lose Record $7.3 Billion in Three Days! These are realized losses :-( Decryptâs article confirms selloffs from Thursday to Saturday! Article here https://bit.ly/3bgFv0b
đCrypto price predictions are 100% right, 50% of the time! Game Theory + Human Greed + Demand vs Supply (fixed) may never have a solution! Unless an autocratic approach is taken? We live in a world where having loads of information is not important. Having information from 1st source is â 18181. Still relying on info from YouTube, TikTok &Twitter âpriceâ influencers?
âGame Theory: How do we the collective mass react to price when it goes up or down âHuman Greed: Billionaire accumulating more #BTC âDemand vs Supply: Pump the demand so existing net worth in Bitcoin increases (Billionaires & early adopters)
đĄWhy was Bitcoin created & what did it want to solve? The separation of Money & the state will eventually happen. In the meantime, questions to ponder
đ¨Whom are u willing to trust when it comes to Bitcoin? 1) Billionaire & Early Adopters ( who have accumulated over 90% of Bitcoins supply) 2) Politicians ( who can make or break Bitcoin)
âAn Autocratic approach may be ideal for Bitcoin adoption in its purity (Not ideal but necessary) Currently over 19,940 different types of Cryptocurrencies are we in the direction which leads to the Separation of Money & the state?
đ¤Celsius Recovery Plan Simon Dixon #BTC OG, CEO & Co-Founder of BnkToTheFuture.com has suggested a Celsius Recovery Plan & strongly believes traditional finance will not have a timely solution for Celsius. A plan, similar to Bitfinex will involve creating security tokens, debt and equity and give investors a very high return for the high risk they took. Simple as that. Info here https://bit.ly/3O8UbgG If that plan fails can repeat the same process?
đĽToo big to ignore 2020 seems a terrible year for the crypto community. The promise of the Metaverse is really McKinsey & Company has published a report last week titled âValue creation in the metaverse.â & claim the Metaverse Could Generate $5 Trillion by 2030. Download the article here https://mck.co/3zQNg7s Check more info on this on our weekly âMetaverse Everythingâ podcast & blog by Blockchain DXB here https://bit.ly/3xcRCTi Where does Bitcoin fit in the Metaverse? Lightning Network would be a perfect use case in the Metaverse, A peer-to-peer electronic cash system with near-instant real-time settlement could be a perfect match in the Metaverse.
While the market is uncertain & Inflation + Recession is on its way. It is extremely important for Bitcoin to offer a safe haven, a hedge. If it does not the whole purpose of creating Bitcoin is purposeless
đ´The Bitcoin Fear & Greed index is currently at 9 (Extreme Fear)
For slides click here: https://bit.ly/3QzxVy5
UAE news: (Check slides) - Huobi Global secures Licenses from DIFC) - GALLOIRE, & MidChains (Abu Dhabi) in cryptocurrency agreement for global artwork sales
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
20th June
đ2022: âTerra Luna + Celsius + Three Arrows Capital Limitedâ
đBitcoin market cap is well below the $390 B
đ¤Litecoin up by 21%
đšBitcoin Fear and Greed Index is 6 Extreme Fear probably for the very first time?
đThe Domino effect of a project failure is unfathomable
đTerra Luna an insider job?
â Debunking the LUNAtic conspiracy!âA recent study by Uppsala security posted a blog via Medium, Part 1 uncovers the mysterious âWallet Aâ & Series of on-chain data unveiled evidence that points to the fact that âWallet A,â the key account that has been highlighted as the main culprit of the Terra-Luna implosion & Part 2 focuses on the flow of funds. Great info here https://bit.ly/3NcVvxS
Laura Shin host of Unchained Podcast has an excellent podcast with Olta Andoni, Esq., from Ava Labs & Ari Redbord from TRM Labs where they discuss legal issues surrounding Terra, regulations for stable coins in the future & a lot more. Also available via YouTube here https://bit.ly/39EGKpI
đšThree Arrows Capital Limited drama continues as its considers asset sales for a bailout. The Wall Street Journal reports they have hired legal and financial advisers to help work out a solution for its investors and lenders. After suffering heavy losses, the article here is â https://on.wsj.com/39E32rG The Block also reported that Three Arrows Capital positions liquidated by FTX, Deribit and BitMEX as 3AC failed to meet margin calls. Article here https://bit.ly/39zkygP
đđźââď¸Celsius Network has unprofessionally & abruptly cancelled its. AMA session instead just posted a 13-second video via YouTube you can watch here https://bit.ly/3xCAyGz Could legal reasons be one of the reasons AMA was cancelled?
Few questions to start the week
âWho would u trust Politicians or Billionaires when it comes to Money?
âWith the concentration of Bitcoin among early adopters, Billionaires & Multimillionaires would it be ideal for Bitcoin to be world reserve currency?
âCheck out Blockchain DXB wesbitefew suggestions on how Bitcoin could be an equal playing field & could potentially be a world reserve currency!
Multi-billionaire Kevin OâLeary in an interview with Business Insider said he is buying #BTC & #ETH during the dip. Definitely, a bargain if you are a Billionaire or Millionaire. Info here https://bit.ly/3OrPb6o
đHow about people from undeveloped nations & struggling economies and individuals? What was the purpose of bitcoinâs innovation?
Meanwhile, President Nayib Bukele also addresses people who have invested in Bitcoin via Twitter & advised them Patience is the key. His tweet here https://bit.ly/3xDewDM
UAE news:
Dubai-based crypto trading platform, Billium, to launch copy trading function
FTFT Capital Investments L.L.C Capital and Gulf News partner on the Web3 DeCode event
For slides click here: https://bit.ly/3tPSWe3
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
16th June đ¨The U.S. Federal Reserve Board raised the federal funds rate by 75 basis points ( a range of 1.5% to1.75%) largest since 1994. Official info here https://bit.ly/3mSinYD & via YouTube detailed explanation here https://bit.ly/3OlwKjF Great start for the video addressing the people on Inflation & a detailed breakdown by Jerome Powell
đĽCentral Bank of The UAE follows US Fedâs biggest interest rate hike & has decided to raise interest rates CBUAE Raises the Base Rate at 75 Basis Points Official info here https://bit.ly/3zFMY36, Just a few hours ago Arabian Business posted an excellent article that Inflation on the rise in the UAE & expected to rise to approximately 7.5% in 2022. Article here https://bit.ly/3mQlv79 Will 2023 be a better year?
đĄWhere does Bitcoin fit into this? Satoshi Nakamotoâs message on the Genesis block reads âThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks.â As the Inflation soars & Recession news is on its way one needs to be prepared for some major breaking news or the collapse of a finance giant, (Lehman Brothers in 2008) Terra Luna wiped out $45Bn in a few days. Celsius Network could be next? Ben Armstrong host of BitBoy Crypto has threatened a class-action lawsuit against Celsius. More info via his Twitter account here https://bit.ly/3tAb5wb.
đOr the biggest black swan event for cryptocurrency could be Tether.to USDT?
đ´Cointelegraph reported a few hours ago https://bit.ly/3QkxxDD that the total supply of stablecoins has dropped sharply for the first time ever in Q2. Lucas Nuzzi, head of research and development from CoinMetrics Pro mentioned some important details via Twitter https://bit.ly/3mSI9fe. Yesterday CoinMarketCapâs data feed did not show information on Stable coin supply too? As of today though the volume of all stable coins is now $113.60B & USDT accounts for $85.5 B While Tether.to is aware of rumours being spread that its commercial paper the portfolio is 85% backed by Chinese or Asian commercial papers and being traded at a 30% discount they have put out a blog post yesterday that clarified and condemns false rumours about its commercial paper holdings, they also clarified, Celsius position has been liquidated with no losses to Tether & currently zero exposure to Celsius apart from a small investment made out of Tether equity in the company Blog here https://bit.ly/3Qt1LEf
Since the FOMC announcement, the price of Bitcoin & few cryptocurrencies are in â - Elrond Network up by 25.06% - TRON TRX up by 24.32% - SOLANA SOL by 20.89% - Brave Software token BAT by 14.60%
UAE news: (Check slides for more info) - Ethereum Beginners Guide by Blockchain DXB - PESTLER analysis on Bitcoin by Blockchain DXB ie #Political #Economical #Social #Technological #Legal #Environmental #Relgious macro-level analysis on Bitcoin
For slides click here: https://bit.ly/3zLCcZr
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
15th June
đ¨Bitcoin Fear & Greed Index is 7 = Extreme Fear!,
âThe market cap of Bitcoin slides down to $405B -CoinMarketCap
đĽCoinbase lays Off Around 1,100 Employees
đ¤Śđźââď¸Bitcoin Mining hashrate! (Not ideal)
đ¨Imagine having bought Bitcoin at $69,000 at its ATH, the price is down to less than $22,000. The general understanding amount the population of Bitcoin is weak. Check out the Blockchain DXB website here https://bit.ly/3QgMGFO we explain what Bitcoin is at a basic level Jamesson Lopp CTO of Casa Inc. has the best educational content on Bitcoin here https://bit.ly/3Hn5wHo Understanding the tech could help increase the Fear & Greed Index?
Check out our slide No 2below for breakup for price of Bitcoin & top #cryptocurrencies #defi #nft #metaverse
đĽCoinbase is reducing its workforce by roughly 18% The reason is to stay healthy during this economic downturn Brian Armstrong, the CEO did admit the company âgrew too quickly.â Some important information via their blog here https://bit.ly/39q0vkS. Managing expenses & increasing efficiency are the main reasons why the decision has been made. Fair point
âď¸Bitcoin Mining hashrate broke a new all-time highâââTerrible situation. Having security is great but too much security is pointless! The only reason for mining hashrate is going high is because people are competing for newly mined bitcoin. With economies of scale it becomes next to impossible for an average person to mine #BTC Bitcoin Magazine finally has an excellent article that shares some useful info on this too https://bit.ly/3HoFWBA. The artcile also mentioned Stephan Livera Podcast (Bitcoin OG) definitely worth listening to Also available on YouTube here https://bit.ly/3xNQSWl What happens when Abu Dhabi starts mining underground as it aims to have 25% of current Bitcoin mining operations set up đ YCharts explains that bitcoin mining hashrate is at 219.79M TH/s as of Jun 14.Info here https://bit.ly/3mNhkJl
đżAndrew Bailey, The Governor of the Bank of England has never been a fan of Bitcoin, Stables coinsâââYes. He has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius Network abruptly froze withdrawals. Info via Bitcoin.com here https://bit.ly/3mNhkJl Meanwhile Celsius Network is currently seeking help from restructuring lawyers over financial hardship! Info via The Wall Street Journal here https://on.wsj.com/3xT5XWT
âââWith Deglobalization & New World Order set by the elite. in the next months, years, maybe decades How will Bitcoin A peer-to-peer electronic cash system fit in?
UAE news: (Check slides for more info)
Mubasher to launch digital currency trading platform
UAE-India trade deal to encompass AI, blockchain, and fintech
For slides click here:https://bit.ly/3aXh0oM
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
14th June đ#HODL Global crypto market cap below $1Trillion đĽCelsius has paused withdrawals đąBinance pauses withdrawals
Bitcoin is supposed to be a hedge against inflation? Human Greed + Game Theory + Manipulation of Demand vs Supply & accumulation of Bitcoin by early adopters, Billionaires, Millionaires, Celebrities) How could Bitcoin be a world reserve currency & hedge against inflation if the accumulation of Bitcoin is among the elite few? Funds have been liquidated; funds have been lost. Damage has been done. It could be possible in the near future price of #BTC & other #cryptocurrencies rise again but it just means that #Bitcoin is not working out for what it was originally created for.
Separation of Money & the state will take place. Bitcoin should have been in a dominant position now for the fruition of the movement.
Glassnodeâs weekly insights state we now entering a phase-aligned with the deepest and darkest phases of previous bears. Their YouTube channel has a great breakdown https://bit.ly/3aRIHiF
CoinShares weekly insights via Medium also confirm some negative sentiment continues to plague digital assets as per the blog outflows of US$102m last week, Bitcoin saw outflows totalling US$57m, whereas Ethereum was US$41m. Great info here https://bit.ly/3HjMIsu
đĄAmericaâs outflow = US$98m with đĄEurope outflow = US$2m outflows Does this mean Europeans are more convinced about #bitcoin than Americans? Depends on the overall inflow/outflow volume?
Meanwhile, Crypto Price Influencers on YouTube Instagram TikTok Twitter preach this Bitcoin price đđť = Buy more Bitcoin its on Discount Bitcoin price đđť = Buy more itâs only going to go Higher
đ¨Satoshi Nakamoto: The very 2nd line of Bitcoin White Paper! âŚ..âbut the main benefits are lost if a trusted third party is still required to prevent double-spendingâ
Celsius Network has decided to pause all withdrawals & transfers. Official info here https://bit.ly/3QmgroA Is this to protect customer OR their own business? Interesting as Celsius moved $320m to FTX before halting user withdrawals, & transfers Info released by Watcher Guru via Twitter here https://bit.ly/3mLfSaC
đĽSome Important tweets by Larry Cermark show that Celsius still has roughly $1.5billion sitting on them https://bit.ly/3QjTMcD. The series of threads has some really interesting information https://bit.ly/3QjTMcD Info on wallets uploaded via Google docs here https://bit.ly/3HhfJVK the power of Open Source đŞđť
âFunds are SAFU.with Binance Earlier in the day had paused bitcoin withdrawals for several hours Monday due to a âstuck transactionâ Changpeng Zhao mentioned via Twitter temporal shut down https://bit.ly/3tyQN6q but now withdrawals have been resumed
UAE news(Check slides) - Repton Passport: Blockchain portfolio capturing studentsâ academic journey Repton Dubai Repton School - ZorroSign MENA empowers UAE businesses with multi-chain blockchain technology
For slides click here: https://bit.ly/3xPnS0C
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
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13th June đ¨Bidenflation is 8.6% highest since 1981 (Where does #Bitcoin fit in?)
Federal Reserve Board has a great explanation of What is inflation and how does the Federal Reserve evaluate changes in the rate of inflation? here https://bit.ly/3HfiVRH. The official link for inflation is via the Bureau of Labor Statistics here https://bit.ly/3tw2nzd. A few days from now Chair of the Federal Reserve Board Jerome H. Powell will be live At the Inaugural Conference on the International Roles of the U.S. Dollar, Washington, D.C. This would give a good indication of what happens to the value of $USA. Live here https://bit.ly/3tTR44f
has 2nd session explaining CBDC Info here https://bit.ly/3QgMGFO
CNBC has a great article, interesting to note that fuel oil has been up 106.7% over the past year https://cnb.cx/3xJdmrD With the #gowokegobroke agenda could this somehow be linked to Bitcoin mining operations & ESG notion set out by BlackRock. Larry Finkâs letter to CEO âThe Power of Capitalismâ has some crucial & important information & highly focuses on Capitalism has the power to shape society and act as a powerful catalyst for change. Letter here https://bit.ly/3NOXvx6
đżBitcoinMagazine has 2 articles on Inflation & Bitcoin: đđť1st: https://bit.ly/3Obms5L just provides information with No Explanation. Pointless article
đđť2nd: https://bit.ly/3Obms5L U.S. dollar has been rapidly inflating against bitcoin, with extremely weak explanations & a lot of name-callings also talking about Bitcoin as savings technology & not an investment. No explanation on what constitutes inflation & how Bitcoin could serve as a hedge against inflation. It would be great if editors read the articles before publishing?BitcoinMagazine They did tweet donât just buy #Bitcoin Exit fiat, thatâs a good one â https://bit.ly/3MLADxt
đThe Great Reset Legendary Kim Dotcom, a German-Finnish Internet entrepreneur and political activist mentioned some critical info via Twitter should the thread here https://bit.ly/39ltgPC. Some interesting points on US only had 4 years of profit & the power of USD being he worlds reserve currency. A total of $66 trillion of debt and liabilities & more. A New Word Order is definitely on its way. It would be extremely important to see how Bitcoin plays a role in the coming weeks
đĄA Peet to Peer electronic cash system! Distributed not Decentralized, high time we know the difference
TWO UAE news: (Check slides) Bitcoin Basics: - Bitcoin definition explained by Blockchain DXB - History of Bitcoin & Double Spend Problem by Blockchain DXB
For slides click here: https://bit.ly/3zuupPr
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
09th June! đ¨Stable Coins dominate the cryptocurrency market!
đąOver 87% of the 24-hour trading volume is by Stable Coins. Could this set the stage for CBDC & make it easier to transition from one of the traditional forms of exchange ie Cash to Digital? CBDC & Stable coins with Smart Contract functionality & easier user onboard could threaten Bitcoin, Opensource & Freedom? The Bank for International Settlements â BIS has released a new bulletin: Blockchain scalability and the fragmentation of crypto that has some really interesting takes & most likely CBDC is on its way, sooner than anticipated. Report here https://bit.ly/3tsXarR Some interesting points such as benefits vs drawbacks of Permissionless Blockchain, Newer Blockchain that has higher capacity, how they compromise on centralisation, Lack of Scalability, Interoperability & more in the report by Frederic Boissay, Giulio Cornelli, CFA, FRM, Sebastian Doerr & Jon Frost
đľThe New York State Department of Financial Services has also just released new guidance for dollar-backed Stable coins. Official info here https://on.ny.gov/3H9I7cq This is definitely a good move & protects users of stable coins & investors. A few key points are 1) Backing and Redeemability 2) Reserve Requirements & 3) Independent Audits
We envision a future like this: âĄBitcoin = Store of value âĄEthereum = Store of value + Medium of Exchange âĄBlockchain Protocols = Medium of Exchange for Smart Contracts âĄStable Coins + CDBC = Medium of Exchange
đĽCheckout.com has also revealed that merchants can now accept payments in USDC. Looks like Cryptocurrency is definitely going mainstream. Article by Bitcoin.com here https://bit.ly/3aPRa69 Checkout.comâs new stablecoin settlement service is through a partnership with the firm Fireblocks, & the 24/7/365 fiat to stablecoin settlement solution is done by Transak. They have posted this via Twitter here https://bit.ly/3aQPPMo & blog confirming this is here https://bit.ly/3NUcmGm
Great move for sure & allows customers with alternate payment options but, it does introduce a central entity. The very 2nd line of the Bitcoin white paper mentions that âŚ. the main benefits are lost if a trusted third party is still required to prevent double-spending. Would have been ideal if the transactions are Peer to Peer (no middle person involved in any form)
đĽCircle has just announced that stable coin USDC is now supported by Polygon Network. Circle CEO and co-founder Jeremy Allaire announced the news via Twitter & blog giving full details can be seen here https://bit.ly/3H4kNN3. This would mean that businesses can now easily accept payments from one of the largest user bases in Web3, easily make payouts in Polygon USDC, or off-ramp to fiat currency as desired. Great stuff
Two UAE news: (Check slides for more info) - Crypto Oasis selects Roland Berger as its global strategic partner - Zeelay pay AE joins Visaâs Fintech Fast track program.
For slides click here:https://bit.ly/3xkiTDB
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
08th June
đ´đľBitcoin: Right Wing/ Left Wing or is Bitcoin Apolitical?
In theory, Bitcoin should be Apolitical but in reality, it is far different? Right-wing politicians & Republicans are generally in favour of Bitcoin, Opensource & Freedom. Forbes has just released an article that states Republican +Democratic Senators release Bitcoin bill that would bridge crypto& traditional finance. Info here https://bit.ly/3aBuqXd
đ´đľResponsible Financial Innovation Act by U.S. Senators 9D) Kirsten Gillibrand & (R) Cynthia Lummis. A detailed breakdown & Section-by-Section Overview can be found here https://bit.ly/3mpyooA The idea is to redefine the U.S. governmentâs relationship with bitcoin and other cryptocurrencies. Bitcoin Magazine has an article here to https://bit.ly/3xrSAMR
Is this a good idea? or should let the growth & adoption of Bitcoin be organic & the governments should just leave it free. The separation of Money & the state will eventually happen. Will Bitcoin lead the way or an altcoin dominates the crypto sector in coming decades?
đU.S. Securities and Exchange Commission is currently investigating Binance for its 2017 Binance BNB has been down since the news broke out by Bloomberg LP. Article here https://bloom.bg/3xajA2h
đReuters in perfect timing has also accused Binance of money laundering of over $2.35 billion in illicit funds & how it has become a hub for hackers, fraudsters and drug traffickers. Article here https://reut.rs/3NtGlVD
đ¨Binance has fired back at Reutersâ money laundering allegations & claims itâs misleading. Mainstream media is often known to mislead the general public. Response from Binance via their blog here https://bit.ly/3NWbNM8
âHow do u think this ends SEC vs Binance & whoâs side are u on?
đĄNews from the East!
Coins.ph from the Philippines has partnered with Philippine Basketball Association (PBA). Coins.ph brand will be showcased at the premier tournament during the Philippine Cup. Wei Zhou, the CEO of Coins.ph has some interesting statements on this partnership & more information can be seen via Bitcoin.com in the article here https://bit.ly/3NyQbpm Back in late 2015 Philippines had one of the highest numbers of Bitcoin users. With a new President could this mean that usage of cryptocurrency & blockchain protocols see an increase in the Philippines?
Chainlink Labs seems to be the only outlier which is up by over 8% in the last 24 hours. Two reasons for the price hike ? Updates via Twitter 1) Infura is joining the Chainlink Network as a Node Operator info here https://bit.ly/3MuMShN & the 2nd news is about Chainlink staking ie Exploring the Long-Term Goals, Roadmap, and Initial Implementation. More info here https://bit.ly/3xqCkfg
Two UAE news: (Check slides)
-UAE female-founded start-up accepting Bitcoin for a public speaking masterclass
For slides click here: https://bit.ly/3QkqBGD
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
07th June đĄ2nd Line of Bitcoin white paperâŚâŚ.. the main benefits are lost if a trusted third party is still required to prevent double-spending.
âđťBasic but so critical, yet many âBlockchainâ start-ups fail to appreciate & realize the power of a fully distributed system. A peer-to-peer electronic cash system!
đĽCentralized Blockchain such as Solana can easily switch off their systems. The same is applicable for Central Bank Digital Currencies (CBDC) maybe even more ie track your transactions, close bank accounts, confiscate & more. Atlantic Council has released a CBDC tracker that shows over 105 countries are exploring. Info here https://bit.ly/3MpC58p Bitcoin.com article states that Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says CBDCB could kill cryptocurrencies article here https://bit.ly/3NR6ugQ . Check out the session by Blockchain DXB where we discuss Central Bank Digital Currencies: The Basics, Threats to Freedom & Metaverse.
đąFailed experiment: Legal Tender In El Salvador, a recent survey https://bit.ly/3Msv4Ui by the University Institute of Public Opinion of the JosĂŠ SimeĂłn CaĂąas Central American University found that more Than 70% of citizens believe the Bitcoin Law has not improved their personal finances. Should they have implemented stable coins instead?
âĄNFT hype over? Cryptoslam.io reveals that NFT sales have dropped 65.43% since last month Google queries are also on a downtrend & data indicates that interest in NFTs has dropped to the lowest point since the first week of October 2021 Bitcoin.com has a brilliant & detailed breakdown of this here https://bit.ly/3mhEM19 The trend in #Btc, #blockchain, #cryptocurrency world is as below
2008: Bitcoin is a scam 2013: Internet Money 2015: Blockchain NOT Bitcoin 2017: ICO ( Initial Coin Offering) 2019: DeFi 2020: NFT 2021: NFT + Metaverse (last quarter thanks to Meta) 2022: Metaverse + CBDC
âď¸Technical Market Info Glassnode report indicates a stressful situation for #BTC miners & #Hodlers as investors are now holding unrealized losses. - Mining Difficulty đş - Miner Revenue đť The report also talks about long-term holders facing losses Cumulative Realized Loss & more here https://bit.ly/3xnv4ka
CoinShares blog on Medium confirms that Inflows totalled US$100m last week, with investors focussing on Bitcoin. Could these mean bullish times ahead? Probably the 2nd half of 2022 is more positive for Bitcoin? Ethereum (AKA 1st world computer)continues to suffer from outflows totalling US$32m .9 straight weeks of outflows. Blog here https://bit.ly/3asJ5Eb
âItâs critical to understand the fundamentals & technical analysis. Donât Trust Very as some key people also provide misleading information! Bitcoin price predictions are 100% right, 50% of the time.
For slides click here:https://bit.ly/3NVUxH0
Two UAE news: (Check slides) đĽCrypto.com Gets provisional approval from Dubai Regulatory Authorities đĽDAMAC Properties completes $50m in crypto deals
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
06th June đĄIs Bitcoin Modernizing or Americanizing?
đĽBitcoin price predictions are 100% right, 50% of the time. Maybe itâs time to revisit a brilliant article written back in 2002 by Yoichi Shimemura called âGlobalization vs. Americanizationâ & compare it with Bitcoin as Bitcoin has become the most important economic, political, & cultural phenomenon of our time. Article here https://bit.ly/3GZBSI4 With Deglobalization set as the next agenda where & how does Bitcoin fit in the New World Order? Treasury Secretary Janet Yellen of U.S. Department of the Treasury admitted last week that she had failed to anticipate how long high inflation would continue. She told CNNâs Wolf Blitzer on âThe Situation Roomâ Article here https://cnn.it/3PZInhX
đ#Bitcoinfixesthis is a narrative pushed by Bitcoin Maximalists without giving any concrete reasoning & explanation. The only explanation is Bitcoins supply is fixed! Where does Bitcoin fit in with Inflation, Deglobalization & New World Order? Currently, bitcoin is on track to record 10 consecutive weeks of losses for the first time! Demand vs Supply (Fixed) + Game Theory + Human Greed = Price Volatility.
CoinDesk published an article âBitcoin Might, in Fact, Be the Great âEqualizerâ https://bit.ly/3tgIY56 that takes into consideration a global survey by BLOCK. Quite a misleading report for instance it states Nigeria finds it more appealing to use Bitcoin, while this may seem true but basic common sense will tell us average citizen in Nigeria cannot afford to buy or send funds using Bitcoin Report here https://bit.ly/3x7sVYw The report is written with a woke mentality and mentioned the gender gap is more pronounced in America but less male-dominated when looking at the rest of the world.
Meanwhile all crypto price influencers via YouTube, Instagram TikTok are preaching two things đ
đđť #BTC price is Low = Buy Bitcoin now itâs on Discount đđť #BTC price if High- = Buy Bitcoin now itâs only going to go higher
đ¨24-hour volume of stable coins is $38.01B (Side no 2 below)
Is 2022 the year of Binance? It announced it is the Official Sponsor of The Weekndâs Global Concert Tour. The Weekndâs âAfter Hours Til Dawnâ tour will be the first concert to introduce web 3.0 technology, The sponsorship was possible after a collaboration inked with HXOUSE official info via blog here https://bit.ly/3tgWOVn
Yuga Labsâ Bored Ape Yacht Club, OtherSide Discord group has been breached for over 145 ETH. As per Cointelegraph the attack was conducted by hacking into the Discord account of Boris Vagner. The article here https://bit.ly/3zn4lWi has more info. Now since Block+Chain Technology is Immutable what happens to the NFTs stolen? Is Code Law?
Two UAE news ( Check slides) Both great use cases for Crypto - Dubai charity Al Jalila Foundation to accept donations in cryptocurrency - Dubaiâs Binghatti Developers to sell property against Bitcoin, Ethereum Muhammad BinGhatti
For slides click here: https://bit.ly/3NSCtxk
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
01st April: Metaverse & Dubai news
Dubai Police HQ has just released 150 free NFTs. The NFT's focus on #innovation, #security & #communication. To claim to follow them on Instagram their id is'dubaipolicehq' Send them your name, email & wallet ID simple as that. Great initiative & use case.
Future Innovation Summit the 2nd season. The event is bringing the most innovative solutions from all over the world to Dubai. Check the agenda here https://bit.ly/3J1sp21 The event focuses on #SPACE #SUSTANABILITY & #METAVERSE
At the World Government Summit that took place in Expo 2020 Dubai, Dubai announces a plan to enter the metaverse. Metaverse could provide nearly $800Bn in revenue by 2024. Check out the slides here to know more about the announcement https://bit.ly/3uHL12c. The National News published an article a few days ago where they talk about Metaverse to drive inclusion in education and health care sectors. Interesting article here https://bit.ly/3uMfFY6 & Noor Sweid, founder and general partner of UAE venture capital company Global Ventures also mentions the importance of hardware for Metaverse to be more accessible.
DAMAC Properties one of the UAEâs largest real estate property developers plans to launch a metaverse project. Managing Director Ali Sajwani companyâs intended push into the metaverse comes after an online survey he conducted revealed that real estate is likely to be the first industry to use NFTs. More news via NEWSBTC here https://bit.ly/3uIYHKn
Dubai Fitness challenge may have a new addition this year. Fitness in the Metaverse? FitnessVR, First Health and Fitness Metaverse, was Officially incorporated in Dubai created by Scorpio Metaverse Corporation. They may launch the alpha and beta of FitnessVR Metaverse in Q2 and Q3 of this year. Info here https://bit.ly/3qSgfT4 News also in Yahoo Finance https://yhoo.it/38jCRpd Les Mills International (Dubai) recently advertised classes one can attend via Oculus VR with body combat app . Info here https://bit.ly/3qOtFj6 There was a post about the same on their Instagram page (lesmillsmiddleeast)
Where does Blockchain & Cryptocurrency fit into the Metaverse? Can Metaverse function much better with Centralized systems such as Meta as it offers Easy user onboard & interface, better infrastructure. Or will there be a new market leader? Blockchain technology may have its hype but the user experience will be no match to a centralized system, It will be expensive & time-consuming as Scalability issues still exist in the crypto & blockchain world. Despite it being over a decade old technology was created by Satoshi Nakamoto. Metaverse combined with promises of Neuralink could change the current & future of humanity. How will Artificial intelligence play a role in the Metaverse? Area2071 will be the centre stage of Metaverse?
For more information check out www.blockchaindxb.com For feedback & inquires drop us an email to : info@blockchaindxb.com & info@area2071.com My LinkedIn profile to get connected is https://www.linkedin.com/in/r-a-george-19b102104/ For slides that has more information click here https://blockchaindxb.com/metaverse For Bitcoin, Blockchain & Cryptocurrency news click here :https://blockchaindxb.com/daily-blogs
13th Oct Shocktober having a great start with Bitcoin at$55,600 & Total Volume locked in Defi over $200 Billion!
Stats from https://defillama.com/ show that Curve Finance is leading the TVL stats followed by Aave & MakerDAO. 9 out of the top 10 are on Ethereum Blockchain. NEWSBTC has a great breakdown https://bit.ly/3ABIebM While the NFT hype has been circulating since earlier 2021. Defi has been growing at a steady pace. However, earlier in September Charles Hoskinson had mentioned âI think Defi is in a bubble and itâs always what happens NFT and Defi is the latest. Details can be found on YouTube interview with Forkast.News https://bit.ly/3v7yJQl at 18:48 mins. What do you think are Defi & NFTâs in a Bubble? In a similar view, Vitalik Buterin co-founder of Ethereum had a fantastic interview with The Stakeborg talk where they discuss âTechnology Philosopherâ, Ethereum history, DAO, Defi, NFT &more some important information on how Culture impacts Blockchain & vice versa. https://bit.ly/3v4YYXH and can Bitcoin & Ethereum become strong cultural forces?
In some cryptocurrency ( Not Blockchain) news Ripple has announced a strategic ESG Investment they have partnered with Nelnet Renewable Energy to reduce over 1.5 million tons of US carbon emissions over the next 35 years. A $44 Million Clean Energy Fund! official release https://bit.ly/3n4HV4D
Celsius Network raises $400M mentioned via Twitter âThe funding round was led by WestCap Caisse de dĂŠpĂ´t et placement du QuĂŠbec (CDPQ). They plan to continue expanding its offering and products, focusing on institutional-grade products increase its employee count to nearly 1,000 CEO Alex Mashinsky will be in Dubai for Gulf Blockchain Week Another CEO who is in Dubai is Changpeng Zhao , CEO of Binance, Binance has launched a $1 billion to promote the Binance Smart Chain as well as promote a variety of other sectors. He will also be a speaker at the Future Blockchain Summit taking place on the 17th â 20th. Gwendolyn Regina, investment director has stated half of the funds will go to blockchain services, & niche areas of the crypto world such as gaming and virtual reality. She has put a great post via LinkedIn https://bit.ly/3BDo0Qf
NFTâs Reese Witherspoon & Snoop Dogg (Cozomo deâ Medici) share their involvement in NFT via Twitter. Snoop Dogg suggested that Witherspoon connects with Priyanka Desai, head of operations at OpenLaw and a member of the NFT-collecting DAO, Flamingo DAO. Tweet here https://bit.ly/3lCEfrf
Bored Ape Yacht Club creators Yuga Labs have signed veteran music manager Guy Oseary to expand the brand into other entertainment formats. The project has generated more than $900 million in secondary market trading volume across all collections! https://bit.ly/3ABH0NN
UAE news: 1) COVID Fund Lost $1.2B By Selling SHIB Too Early! Linked to UAE ?news by CoinMarketCap (check slides) 2) LBank Exchange Co-hosts 2nd Blockchain Dubai Summit in Expo 2020 Dubai (check slides)
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_blockchaindxb-btc-activity-6853858450405961728-50SP
Our website: www.blockchaindxb.com
email: info@blockchaindxb.com
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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
11th Oct Settlement Layer! Bitcoin V/S Ethereum Ethereum as payment Settlement layer? Over $6.2 Trillion in transactions have been settled on Ethereum over 12months Detailed info can be found in Messari Originally highlighted by Ryan Watkins via Twitter https://bit.ly/3iOacek. This does not even include ERC 20 tokens. In a similar post Nasdaq has posted an article over a month ago on Bitcoin vs Ethereum as a Settlement network. Some detailed comparison on Daily fees, Transfer volumes & more can be found here https://bit.ly/3oJtp4C Meanwhile in September Standard Chartered Bank Crypto assets global research states they structurally value Ethereum at $26,000 â $35,000 https://bit.ly/2YJ4HXt A bit too far fetched? ETH may overtake #BTC only in market cap in price maybe never? Alexander Hoeptner CEO of BitMEX feels at least five countries that accept Bitcoin as legal tender, all from Developing Nations. Bitcoin Magazine articles provide more info https://bit.ly/3BBtivG As per The World Bank remittance flows to low- and middle-income countries (LMICs) reached $540 billion in 2020 as per data from Knomad https://bit.ly/3v0MVKM Bitcoin can solve any problems in terms of high fees & time and help remittances in developing nations! Vitalik Buterin however feels that El Salvadorâs Bitcoin Approach Is âContrary to the Idealsâ of Crypto. He replied to a Reddit, Inc. post https://bit.ly/3ByQoCX some important points made by him in the thread. Is Bitcoin A Political or can Autocratic leaders & politicians force the adoption of Bitcoin? Bitcoin was created as a movement towards Money and the State. A peer to peer electronic cash system but politics and politicians can sway the direction & adoption of #BTC Andreas M. Antonopoulos has often questioned what happens if there is a fork in the near future which Bitcoin would be legal tender Republican senator Cynthia Lummis pro-Bitcoin & pro-Opensource buys more #BTC as she sees it as a Store of value. She disclosed her recent bitcoin purchase in a periodic transaction report detail via NEWSBTC https://bit.ly/3AodWJm. Democrats vs Republicans (6â0) who are in favour of Bitcoin & Opensource? Jameson Lopp projects http://bitcoinpoliticians.org/ shows only 6 politicians are (All Republican) have purchased Bitcoin & in favour of Opensource innovation & freedom Boxing & NFT Tyson Fury wins the Trilogy but promotes EthereumMax. The champ promoted via Facebook story a few minutes prior to the fight. Boxers & Rappers seem to be promoting EthereumMAX! McDonaldâs in China gave away âBig Mac Rubikâs Cubeâ 188 NFTs on its 31st anniversary on 8th Oct. Built on Conflux Network https://bit.ly/3iKhQWY Rumours or Legitimate news? News articles from various crypto mainstream media state Godwin Emefiele, the governor of the Central Bank of Nigeria has confirmed the countryâs upcoming digital currency will be launched âin a couple of days from now.â However not one of them has a legitimate source. The Central Bank of Nigeria also does not mention anything about it UAE news: (Check slides) 1. Bitcoin Beginners Guide 9th session by Blockchain DXB 2. Ethereum Beginners Guide 5th session by Blockchain DXB For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_btc-btc-btc-activity-6853179732549275648-TGOS Our website: www.blockchaindxb.com email: info@blockchaindxb.com Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
07th Oct Bitcoin has gone mainstream! George Sorosâ family office has invested in cryptocurrencies, saying that the asset class has officially gone âmainstream.â fundâs CEO and CIO Dawn Fitzpatrick revealed this in an interview with Bloomberg LP. via YouTube https://bit.ly/3oFJEjc Listen at 03:57 Long-term thinking đ as Bitcoin crosses the 1Trillion market cap again! All news about Bitcoin this week, the new narrative slowly building momentum is Lightening Network, Not Blockchain Long term bitcoin holders Accumulated 2.35 million BTC in the Last 7 Months while only 180,000 Bitcoins were mined. Glassnode CEO Yann Allemann mentioned via Twitter https://bit.ly/3lh8SlA. Also, a great article published by Stelios Rammos via Medium is definitely worth a read & some contrasting & interesting points https://bit.ly/3AoBXAc. In similar news, James Butterfill of CoinShares posted on Medium which states Bitcoin saw inflows of US$69m last week. Good stuff https://bit.ly/3aeVWXg He also recently posted via LinkedIn Bitcoin has been the best performer for 7 of the previous 9 years. We mentioned yesterday Bitcoin has performed better than Gold since the last decade NEWSBTC article states https://bit.ly/3iAzufW âBitcoin Inflows Shows Institutional Investors Are Back On The Bull Trainâ Shocktober seems to be a good month for #Bitcoin & #cryptocurrency. The Fear & Greed index is also now at 68 ieâGREEDâ https://bit.ly/3oIBdU7 . Katie Stockton, CMT of Fairlead Strategies says Momentum is on Bitcoinâs side with short-, intermediate-, and long-term momentum indicators all in positive territory as of Tuesday. Detailed info via Business Insider https://bit.ly/3myuRUA Greg Foss has written an article on BitcoinMagazine âThe Intrinsic Value Of Bitcoin, Calculated Using Sovereign Credit Default Swapsâ u can read here https://bit.ly/3msE1SM. He has referenced the US Debt clock & notes total funded plus unfunded liabilities of the U.S. equal $29 trillion-plus $158 trillion & some useful websites https://bitbo.io/ The future would look something like this Bitcoin as store of value Ethereum as a store of value Stable coins â USDT, USDC, CBDC, Facebook DIEM as a medium of exchange Gustavo Petro, A Colombian senator said that âvirtual currency is pure information and therefore energy.â https://bit.ly/3mpJKbQ. He also mentioned that South American countries could use renewable energy to mine Bitcoin instead of making cocaine. Full info via Decrypt https://bit.ly/3oER4mA AMC Theatres â DogeCoin to the đ moonâ as they now accept crypto payments. CEO Adam Aron just tweeted ânow you can buy AMCTheatres digital gift cards (up to $200 per day) with Dogecoin and other cryptocurrency using a BitPay wallet. https://bit.ly/3lheD2P UAE news: 1) UAE crypto exchange BitOasis raises $30M to expand in MENA (Check slides) 2) Gulf Blockchain Week Week, on October 8â15, 2021 (Check slides) For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_bitcoin-cryptocurrency-blockchain-activity-6851672351680073728-vinw
06th Oct Bitcoin vs Gold What has performed better in the last decade? Kevin OâLeary in an interview with Stansberry Researchâs Daniela Cambone said that âFor the first time ever, my crypto exposure is greater than goldâ You can watch the full video via YouTube here https://bit.ly/3oBGdKm . Yesterday we mentioned Virgin Galactic Chairman Chamath Palihapitiya in an interview with CNBC said Bitcoin has replaced Gold. Details here https://cnb.cx/3Bde5jV Peter Schiff just a few hours ago used Twitter to tell his followers that #Gold and #silver mining stocks continue to be the ironic victims of surging #inflation. https://bit.ly/3oEO8GD Another detractor of Bitcoin Jamie Dimon CEO of J.P. Morgan did share a valuable insight in an interview with Axios on HBO said that âItâs got no intrinsic value, regulators are Jim Cramer reacts & echoâs a similar opinion on CNBC & feels the need for better crypto regulation ( could he be talking about stable coins https://bit.ly/2WOyPzO. Circle on the other hand reveals cooperation in ongoing SEC investigation. Official release can be seen here https://bit.ly/3DbdoZd The filing is part of its plan to go public through a merger with Concord Acquisition Corp, with the firm valued at $4.5 billion. Full details can be seen on Cointelegraph https://bit.ly/3Aesawv In similar news, Congressman Patrick McHenry has introduced the Clarity for Digital Tokens Act of 2021, which seeks to make SEC Commissioner Hester Pierceâs âsafe harbourâ proposal into law. A detailed letter to Chair of U.S. Securities and Exchange Commission Gary Gensler was sent on the 5th https://bit.ly/3uFWqiA. If adopted, these new rules may allow crypto firms to dodge securities laws? Blockchain DXB has a session via Eventbrite & Podbean where we talk about PESTLER analysis on Bitcoin https://bit.ly/3Dka665 P- #Political â Is Bitcoin Apolitical E- #Economincal â Global wealth Redistribution S- #Social â Social impact T- #Technological â User exp of #BTC L- #legal â Law & Regulations governing Bitcoin E â #Environmental â ESG ( Bitcoin Mining & More ) R- #Religious â Is Bitcoin Sharia Compliant
Since WhatsApp had a downtime can Secretum App be the solution for a Decentralized messaging app? They claim to be the worldâs first and only decentralised, encrypted messaging app, built on the Solana. A bit ironic that Solana had a downtime of over 17 hours a few weeks ago Details posted by Finance Magnates https://bit.ly/2YkoifY UAE news: 1) TOKHIT and Welthee choose the UAE for their Middle East Debut (Check slides ) 2) TDeFi blockchain business hackathon with over $1 million rewards at GITEX ,Dubai (Check slides)
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_gold-silver-inflation-activity-6851316073728405504-g7lt Our website: www.blockchaindxb.com email: info@blockchaindxb.com Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
05th Oct Shocktober! Bitcoin nears 50,000 as Facebook Instagram WhatsApp were down! Will a Distributed social media platform perform much better?
Bitcoin has had downtime in the past. Recently, Solana, had a downtime of over 17hours or are current systems work fine?
Edward Snowden mentioned via Twitter #bitcoin is up 10x since despite a coordinated global campaign by governments to undermine public understanding of & support for cryptocurrency. In a similar yet contrasting view Former President Donald Trump in an interview with Yahoo Finance said âI donât want to have other currencies coming out and hurting or demeaning the dollar in any way.â The full interview can be found here https://bit.ly/3l7pCvJ & Virgin Galactic Chairman Chamath Palihapitiya in an interview with CNBC said Bitcoin has replaced Gold. Details here https://cnb.cx/3Bde5jV
How many bitcoins do u think the multi-billionaire, CEO of Social Capital LP has? Definitely more than #satoshi at this point?
Glassnodeâs week on chain 4th Oct report states The Bitcoin price has rallied strongly out of a zone of heavy accumulation, seeing around $1.75B worth of capital inflows per day. Some useful stats on mining difficulty requiring around 80 sextillion hashes to solve a block full technical info here https://bit.ly/2ZQDu5b Anita Posch had a fantastic video with Adam Back from Blockstream on YouTube where she questions if the cost of security is much higher than required. Itâs definitely worth a listen https://bit.ly/3B6HbS6 . With Iran having restarted the mining operations last month (22nd of September ) most likely the difficulty mining gets adjusted in the next 2016th block. NEWSBTC has published a technical analysis where Antpool Bitcoin Mining has been the top mining pool dedicating hashrate to the BTC network with 29.7 EH/s or 20.47% of the global hashrate. Antpool is followed by f2pool with 23.58 EH/s or 16.2% of BTCâs overall hashratehttps://bit.ly/3FlQgc6 Is the security too strong for Bitcoin & can the electricity usage be used in Bitcoin Blockchain elsewhere? Game theory does not seem to be beneficial in this case
OpenSea has its largest day of trading on the 3rd. Ethereum-based NFT project CrypToadz by GREMPLIN led the charge with over $19 million worth of volume in a single day. OpenSea recorded its highest single day of trading volume in nearly a month. More info can be found here https://bit.ly/3iA4Sej
The Joke is on you! A Tweet mocking how little value NFTs have turned into $5K NFT Cointelegraph posted article https://bit.ly/3mn8aml
Another crazy NFT via Mintable regarding fake news can be seen here https://bit.ly/3A5V01S Where #Fakenews will be created &fake news in Blockchain is Immutable!
UAE news 1) Dubai based Exor exchange is launching a digital platform in Latin America (Check slides) 2) Blockchain DXB podcast: Over 70 hours of live sessions in Crypto & Coffee at 8 (Check slides)
For sides click here https://www.linkedin.com/posts/r-a-george-19b102104_bitcoin-satoshi-fakenews-activity-6851070663151685632-Bq_K
Our website:Â www.blockchaindxb.com
email:Â info@blockchaindxb.com
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
04th October Pandora Papers! How ultra-rich move their $$$ leaked! Will it affect the price of #Bitcoin & #cryptocurrency? Over $32 Trillion stashed aware in offshore havens đą
As per CoinMarketCap, the Global crypto market is over $2Trillion once again. While Bitcoins long-term holder supply reaching ATHs, the 24 volume of stable coins has gown down to $67 Billion ( Not surprising ) Of this $67 Billion Tether.to still accounts for $60 Billion ( almost double of Bitcoins trading volume). Speaking of stable coins, the Biden administration is considering regulating stablecoin issuers as banks, this would mean they will have to register as Banks. More details on The Wall Street Journal can be seen here https://on.wsj.com/3B8Q8dK & by Reuters here https://reut.rs/3Fe30ld . Probably the right move! The issuers of the stable coin are in control of the creation, managing & supply of its coins so probably does make sense? In the case of Bitcoin, no one is in charge of the creation, managing & supply of its issuance.
Will Clemente from Blockware Solutions & Stephan Livera discuss some on-chain technical analysis on YouTube. Loads of useful information here https://bit.ly/2Yhg8os
The new narrative in the Bitcoin world growing is Lightening Network, Not Blockchain. Bitcoin Magazine has published an informative article https://bit.ly/3l5sol6 âTWO DIFFERENT IDEAS OF THE LIGHTNING NETWORKâ 1) Conventional thinking of Profit incentives 2) Non-Profit oriented thinking. Definitely worth a read. Blockstream has also published an informative blog on Liquid Network â Preparing for Dynafed https://bit.ly/3D70MSF. Once Liquid Network, Lightning Network & Phinx chat works do we need any other âBlockchainâ platforms like Ethereum, EOS, Cardano?
Coinbase hack! At least 6,000 customers accounts were victims of hackers. A breach notification letter was sent out to customers. #fundsaresafu & they have reimbursed and have promised to deposit funds equal to the value of currency improperly removed from the account. https://bit.ly/3a4VCKu Details of the hack & procedure can be found CoinDesk the article is here https://bit.ly/3mkiECU
Gary Vaynerchukâs hand-drawn VeeFriends Doodles Sell For $1.26M, the auction took place at Christieâs New York on October 1. His digital scans of his âVeeFriendsâ hand-drawn doodles have generated more than $90 million in sales to date. Detailed news by Decrypt here https://bit.ly/3iuGieJ
UAE news: 1) Dubai Police HQ & BitOasis are working closely together to build awareness around the risks prevalent in the crypto space. A successful event called Crypto Safe for the people took place on the 29th Sep by Future Blockchain Summit, Cointelegraph & more. We have added info on how to identify scams vs legit projects (Check slides for more info )
2) AI Everything 17â21 October ( Dubai World Trade Centre) definitely a must even to attend! ( check slides for more info)
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_bitcoin-cryptocurrency-fundsaresafu-activity-6850613587237515264-olRa
Our website: www.blockchaindxb.com
email: info@blockchaindxb.com
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
01st Oct The last quarter of 2021 seems to have had a good start for the crypto market! Historically performance for BTC during Q4 has always been on an inclining trend đ
Chairman Jerome Powell of the Federal Reserve Board says he has no intentions to ban #Bitcoin. Powell testified before the House Financial Services Committee on the 30th. You can watch the full video via YouTube here. The Questions about CBDC & Stable coins start at 1 hr 16 mins https://bit.ly/2Y27gDd ( Terrible start to the session though 𤢠by Maxine Waters )
Kraken Digital Asset Exchange's security labs have identified vulnerabilities in commonly used Bitcoin ATM. They published a blog. Details can be found here https://bit.ly/39QanAZ. In a nutshell, a large number of ATMs are configured with the same default admin QR code, allowing anyone with this QR code to walk up to an ATM and compromise it ( detailed explanation with video is in the blog).
Researchers at tradersofcrypto.com found some really interesting insights about UK's view on cryptocurrencies. Survey shows 64% of Britons believe crypto Is 'Not a Safe Investment,' Ethereum Is a Drug𼴠Cardano Is Cheeseđ Details of the survey are here https://bit.ly/3B0IjGK. Looks like cryptocurrency still has a long way from mainstream adoption! The report has some interesting information about Dogecoin too.
Postage + Blockchain (Switzerland & Russia)
Switzerland national postal service to debut crypto stamp on Polygon. The Swiss crypto stamp is a digital collectable (NFT) linked to a traditional physical stamp issued by the Swiss Post Details can be found here https://bit.ly/3mcB9JA
Russian Post to Employ Blockchain Technology in Parcel Tracking, A Blockchain-based tracking system to help Russian Post save time & resources https://bit.ly/3uup5Hp
Both may seem like a good use case for Blockchain? Or can current existing systems work cheaper, faster & better quality?
Czech Aristocrat Family are turning to NFTs to protect a 700-Year-Old Art Collection, The Lobkowicz collection has survived Nazis and Communists. To preserve art in the age of COVID, the family is turning to NFTs! Having overseen the collection for 700 years, the House of Lobkowicz is pinning its hopes for cultural preservation on an invention that wasn't around seven years ago: NFTsâthe digital, 21st-century version of a receipt of ownership. Details published by Decrypt here https://bit.ly/3ooWBxA
NEWSBTC just reported that DC Comics aims to release 'One of the Largest NFT Drops Ever' at This Year's Fandom in partnership with Palm NFT Studio The event will take place on the 16th of this month & the website is www.dcfandome.com List of NFT's in the article
UAE news: 1) WOW! World of WEB3 Summit to take place on the 14-15th of October 2021 (Check slides) 2) Blockchain Economy Expo 2020 Dubai, which will take place as part of the Expo 2020 Dubai ( Check slides)
30th Sep Elon Musk, The U.S. government should âdo nothingâ when it comes to regulating the crypto space!
The Ceo of Tesla ,SpaceX & Co-founder of Neuralink said while speaking at the Code21. He also told CNBC âItâs not possible to, I think to destroy cryptoâ https://cnb.cx/3CXUvZD. Some good points in favour of crypto shared by him details can also be found via Cointelegraph here https://bit.ly/3AY6OEO
Republicans for Bitcoin & Opensource innovation! đĽ Francis X. Suarez The Mayor of Miami sees the crypto crackdown by the Chinese government as an opportunity for his city and the U.S. He told Bloomberg LP. Loss for China is the USAâs gain Senator Pat Toomey (R-PA) also said âChinaâs authoritarian crackdown on crypto, including bitcoin, is a big opportunity for the U.S. Itâs also a reminder of our huge structural advantage over China,â said Congressman Patrick Mc Henry said, âChinaâs decision to restrict access presents a perfect opportunity for American leadership on cryptocurrency.â Mayor at City of Cool Valley Jayson Stewart gives $1,000 in Bitcoin to every household! He told Bitcoin Magazine & news was also discussed in the oldest podcast Speaking of Bitcoin Podcast #482.
President Bukele is all in for Bitcoin! Via Twitter, he posted a video of a geothermal Bitcoin mining farm https://bit.ly/3kSkY4A. On June 9th he tweeted https://bit.ly/3kV4R68his instruction to the president of geothermal electric company LaGeo. Looks like promises made are being kept! In similar news, National Bank of Ukraine has just posted an ad via LinkedIn for Blockchain Developer. Looks like they are hiring a blockchain expert who will likely support its digital currency project. Job posted by Vladimir Nagornyuk.
Will Ethereum flip Bitcoin? In terms of Market cap definitely yes, especially with successful London Hardfork & EIP 1559. Altair upgrade on the 27th of this month & Beacon chain in the very near future. Ethereum 2.0 is on its way The supply of ETH is better managed! Sandeep Nailwal Polygonâs co-founder feels it is only a matter of time before Ethereum overtakes Bitcoin as the dominant layer-1 protocol. He also believes Ethereum will eventually become âthe ultimate settlement layerâ for the Defi space. Great info by him here https://bit.ly/2YfVyFo. Do u think Ethereum will be đŚđ ultra-sound money?
The future may be like this. -Bitcoin as Store of Value -Ethereum as Store of Value + Medium of Exchange -Stable Coins ( CBDC + Facebook DIEM) as Medium of Exchange
Bitfinex accidentally paid $22.7 million in transaction fees after sending $100,000 worth of USDT. Transaction details here via Etherscan here https://bit.ly/3m8htq9 The good thing is DeversiFi tweeted that block 13307440 miner announced it will be returning all transaction fees
UAE 1) Dubai hosts MinePlex conference for the blockchain industry ( check slides) 2) Dubai Economy signs agreement with DSOA, DMCC & DAFZA to participate in UAE KYC Blockchain Platform (check slides)
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_blockchaindxb-activity-6849163235665481728-2cno
Our website: www.blockchaindxb.com
email: info@blockchaindxb.com
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
29th Sep
September âLightning Network, not Blockchainâ This will be the new narrative in the Bitcoin & Cryptocurrency world?
Bitcoin Lightning Network capacity reaches an all-time high! Lightning network is not lightning years away! El Salvador & Twitterâs tipping feature with LN solves real-world case problems. Liquid Network can also have Smart Contracts, Security token offerings & NFTâs Blockstream has some great information on Liquid Network: A Bitcoin sidechain https://bit.ly/3D0f6N3. You can also watch a great interview of Samson Mow via YouTube here https://bit.ly/3ogguqp. Glassnode has released a suite of Lightning network charts and dashboards to track the performance and adoption of the LN protocol worth looking into https://bit.ly/2WlLGJn LN channels have seen explosive growth over the last nine months, rising 170% in 2021 to reach 2,904 BTC (~$127M). 514 of these coins were arising 170% in 2021 to reach 2,904 BTC (~$127M). 514 of these coins were added to LN channels in September alone Detailed report here https://bit.ly/3zNloxj
Ethereum news:
Danny Ryan (Ethereum Foundation researcher ) posted via Twitter https://bit.ly/3zOjEE3 could this mean Ethereum 2.0 is much closer? Set date for the Altair upgrade will take place on 27th October in epoch number 74240. Altair is the first main net upgrade to the Beacon Chain . In Ethereum news Business Insider posted Bitcoin of America adds Ethereum to their Bitcoin ATMs. https://bit.ly/3mb7u38 Is Eth also becoming a Store of Value? or will it be a Medium of exchange ?
Kraken Digital Asset Exchange the oldest cryptocurrency exchange has been hit with $1.25M in fines over alleged illegal offering by U.S. Commodity Futures Trading Commission. Official release can be found here https://bit.ly/2Y1jwEA. Cointelegraph also provided a detailed report on the situation https://bit.ly/3ifYYPu
Chainalysis Inc. published a blog on 28th https://bit.ly/3AUqRUC The report states Central, Northern, & Western Europe (CNWE) has the biggest cryptocurrency economy in the world, receiving over $1 trillion worth of cryptocurrency over the last year, which represents 25% of global activity. The report has a screenshot of transaction volume by region.
Alibaba Group announced that Alibaba.com will prohibit sales of cryptocurrency miners and suspend categories for blockchain miners and accessories from its website on Oct. 8. Official announcement https://bit.ly/3CUbo7l Alibaba will impose a ban on using its platforms to sell major cryptocurrencies, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), as well as smaller coins like Quark (QRK). Looks like Chinaâs hate for cryptocurrency is getting serious for the 38th time https://bit.ly/3zRFZ3J
UAE news:
UAE news
1) Alturaash Art to auction the art pieces with cryptocurrency ( Check slides )
2) MidChains an Abu Dhabi virtual asset trading exchange completes first trades on four cryptocurrencies ( Check slides )
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_blockchainnews-blockchaindxb-cryptocurrency-activity-6848805005261119489-tEKi
Our website:Â www.blockchaindxb.com
email:Â info@blockchaindxb.com
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
28th Sep
âGet paid in cryptoâ should be a game-changer to onboard more users in crypto.
Coinbase is working with major payroll & HR companies to let millions of workers get paid in crypto Prakash Hariramani has written a fantastic blog âNow get your paycheck deposited into Coinbaseâ https://bit.ly/3zKanwU. A partnership with Fortress Investment Group, M31 Capital, Nansen, and SuperRare Labs will allow employees throughout the creator economy & financial services to enter the future of payroll Bitwage has been offering similar services since 2015.
Bitcoin Maximalist & censorship king Jack Dorseyâs Twitter rolled out âBitcoin tippingâ to its 300 million active users, done in partnership with Jack Mallers app Strike. Twitter also announced a plan to let users connect their Bitcoin wallets to NFTs tied to their identity. Has Twitter has moved from a communications platform to financial services? Since the news, ARK Investment Management LLC bought 830,000 Twitter shares worth about $55
million. Catherine Woods bought the stock after the social-media company said it will let users send and get tips in bitcoin Details by Business Insider can be found here https://bit.ly/3kNmO6A
Facebook with the use of Novi wallet will also let users have NFTâs. They are also spending $50 Million to build metaverse. A shared online space that can be used for social interactions, work, games, and more. Earlier in June Mark Zuckerberg told his employees about an ambitious new initiative. Facebook would strive to build a maximalist, interconnected set of experiences straight out of sci-fi â a world known as the metaverse. Detailed info can be found here The Verge https://bit.ly/3CWaffL In the near future will we see a Distributed/ Decentralized metaverse? Social Media giants onboarding users into NFT & Cryptocurrency will definitely boost the crypto market.
Netflixâs âThe Hunt for the Crypto Kingâ will uncover some
hidden dark secrets & the suspicious death of cryptocurrency
multimillionaire Gerry Cotten and the missing $250 million. This should shed some light on if the death was real or faked.
According to President Bukele A third of Salvadorans âactivelyâ using Chivo wallet. He tweeted in less than 3 weeks it now has more users than any bank in El Salvador. His tweet is here https://bit.ly/3od1xFR Some great information is provided by NEWSBTC âChivoâs node has 12.7 BTC of public capacity.â Which is 1,269,941,898 sats https://bit.ly/3kJvlaH . A very useful source to check stats about the Chivo Lightning node is here https://bit.ly/3if4AJQ
Former Ethereum Developer Virgil Griffith pleads guilty to North Korea charges. He spoke at a blockchain conference held in North Korea in April of 2019. He admits to helping North Korea evade crypto sanctions.
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_blockchaindxb-b3-activity-6848446454592266240-PoBI
UAE
1) NFT Whale from Dubai: NFT of side-eyeing toddler meme fetches over $74,000 (Check slides )
2) Slovenia Offering NFTs for Dubai Expo (Gifted to visitors to Sloveniaâs pavilion ) (Check slides )
Our website: www.blockchaindxb.com
email: info@blockchaindxb.com
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
23rd September Is Bitcoin the solution to Evergrande ? Jimmy Song the OG of Bitcoin & great education explains in a video via YouTube with Preston Pysh. Great info https://bit.ly/3CBoE0t
On the 21st the Bitcoin mining difficulty got adjusted & increased by 3.2% . Still lower than in the month of May. A screenshot of mining difficulty can be found here https://bit.ly/3kvpJki by Cointelegraph In similar news Ohio to host BIT Miningâs new 85 MW Bitcoin mining facility. BIT Mining Limited has entered into a joint venture agreement with Viking Data Centers to develop a Bitcoin mining site in Ohio. Also yesterday ie 22nd September Bitcoin mining restrictions should have been restored in Iran. Looks like since new miners may join the difficulty will increase further.
As the price of #Bitcoin increases the 24 hour trading volume of stable coins is reclining #cardano has seen an increase of over 10% since the last 24 hours Input Output (IOHK) posted few hours ago about #CardanoSummit2021 link is here https://lnkd.in/eWiZD_zR Should be a good one ?
Robinhood posted a blog yesterday âCrypto Wallets Are Coming to Robinhood â So now you can Trade, send, and receive crypto, all in one app! https://bit.ly/2XUpnLz Cointelegraph has also covered the news & mentioned the company $233 million in the second quarter of 2021 ie 41% of its $565 million quarterly revenue https://bit.ly/2XQb4b0
Binance has seen a lot of pressure from regulators all over the world! Binance Australia to shut down crypto futures trading amid regulatory concerns. They posted this on their webste few hours ago https://bit.ly/39up5NN Regulations are needed but they play such a pivotal role in innovation & adoption to cryptocurreny . Clear guidelines can boost adotion of Bitcoin, Blockchain & Cryptocurrencies!
NFT news đ + â˝ + đď¸ Burger King the fast food giant into NFT ! âKeep It Real Mealsâ initiative is in collaboration with the NFT marketplace Sweet.io and will feature celebrities like Nelly, Anitta, and LILHUDDY. https://bit.ly/3u1kFay NFT Fantasy Football Platform Sorare Raises $680 Million in Series B Led by SoftBank Investment Advisers . https://bit.ly/3kvsuCk Justina Chung has posted few hours ago .Gr8 stuff Nicolas Julia & Adrien Montfort The first NFT feature film in Asia !Pandemic-themed thriller Lockdown will be released as a series of just five NFTs, while NFT tickets will be available for the filmâs premiere. News posted by Marvion Media via Twitter https://bit.ly/3hYWoNr
UAE news: 1) UAEâs SCA Securities and Commodities Authority (SCA) & Dubai World Trade Centre Authority (DWTCA) sign deal for trading of crypto assets in DWTC free zone. (Check slides) 2) Mohammed Bin Rashid Centre for Government Innovation opens contact-free educational space in Dubai The new education experience focuses on cryptocurrencies and the Emirates Mars Mission ( Check slides)
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_bitcoin-cardano-cardanosummit2021-activity-6846626832020758528-J6fO Our website: www.blockchaindxb.com email: info@blockchaindxb.com Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
22nd Sept Question: Bitcoinâs supply âcannotâ be changed or âwill notâ be changed? đ¤
Demand vs Supply! Bitcoins Supply is fixed hence the demand keeps fluctuating ( Simple as that! ) Crypto âpriceâ influencers & âprice expertsâ will do anything to create demand to pump the price. Since no central entity is involved/ responsible everyone can push the demand. Everyone wins, especially early adopters, Bitcoin whales.
Glassnodeâs Week on chain (38) states since late July, the market has consistently realised net profits on the order of around $1B per day. Cointelegraph They have also stated that miner BTC balances are increasing, with wallets associated with miners having stockpiled 14,000 BTC (worth roughly $600 million) over the past six and a half months via Bull market Bitcoin buyers take modest profits this week, whilst exchange balances continue to decline, and miner hash-rate recovery continues. Loads of useful insights https://bit.ly/2XvPY13
In September Bitcoins market cap of $789 Billion is significantly lower than in April. The good news is Bitcoin dominance is marginally up to almost 43% đDespite that Mike Novogratz CEO of Galaxy Digital told CNBC Iâm not nervous about cryptocurrency market. Despite this sharp decline and the heightened regulatory scrutiny, Novogratz remained bullish about the long-term prospects for crypto. More info on Seeking Alpha https://bit.ly/3u1qJQl
Jameson Lopp, an OG of Bitcoin software developer and co-founder of Casa Inc. He has the best resource to learn everything about Bitcoin https://bit.ly/3AuRyPi . Now he has a new project called bitcoinpoliticians.org that attempts to reveal American Politicians that own Bitcoin. NEWSBTC put a great article https://bit.ly/3ktwnYo
In similar news, CoinDesk released news that Chainalysis Inc. flags crypto suspects for Cops. Walletexplorer.com, a block explorer site secretly operated by Chainalysis Inc., has provided law enforcement with âmeaningful leads,â the documents say đ¤ Monero to the rescue? maybe not! Details info here https://bit.ly/2XySAv6 To know technical info on Monero, Breaking Monero series on YouTube is the best source https://bit.ly/3CxSUcL
NFT Whale a rapper? Snoop Dogg says he is Cozomo deâ Medici (pseudonymous crypto id), via Twitter Currently the wallet holds an estimated $17 million worth NFTs, including nine CryptoPunks by Larva Labs #fakenews or #legit? https://bit.ly/2XBQMBw Currently, Cozomo deâ Medici also had a1ETH giveaway for sharing his content. This news is 100% legit as u can see the transaction detail here https://bit.ly/3lSvUi6 The power of Open Source!
UAE News:
1) Bitcoin Beginners Guide ( Check slides for more info) 2) Ethereum Beginners Guide ( Check slides for more info) You can register via Eventbrite on 23rd or listen to it live via Podbean
More info on www.blockchaindxb.com Email us info@blockchaindxb.com
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_fakenews-legit-bitcoin-activity-6846265945678258176-d7_L
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6
21st Sep Evergrande to crypto market âDo you Bleedâ? As Tether.to USDT overtakes Cardano as no 3 crypto đ¤ Did Evergrande cause the crypto market to turn đť A broad crypto sell-off is driven by worries about the spillover from Evergrandeâs debt default. Evergrande is the second-largest property developer by sales & the 22nd largest group in the world by revenue in some dark financial crisis Ajit Tripathi, CFA head of institutional business of Aave had written a great post talking about Evergrande & risks in Cefi . Some great info by Business Insider can be found here https://bit.ly/39kZerl
Meanwhile every âCrypto price influencerâ on YouTube Price goes down â Buy Bitcoin itâs on Discountâ Price does up â Buy Bitcoin itâs only going to go higherâ Price is stable âBut Bitcoin nothing impacts Bitcoin â Since the dip President Nayib Bukele has bought 150 new coins details can be seen on Twitter here https://bit.ly/3kr8q44 Presidential advice âThey can never beat you if you buy the dipsâ Not entirely sure whom he means by âTheyâ
An OG of Bitcoin which was dormant for over 9 years had some movement. The owner transferred over 600 Bitcoins to another wallet. All transaction details can be found on Bitcoin explorer https://bit.ly/3EEZj7G The power of Open Source. Imagine Bitcoin being used for government spending. All government spending transaction details can be monitored by absolutely anyone.
Coinbase abandons the plan for the crypto lending program cause two weeks ago two weeks the U.S. Securities and Exchange Commission, threatened Coinbase with legal action if the exchange launched Lend. Should they have launched the product first and asked forgiveness later? On positive news Coinbase launches Coinbase Prime, it combines advanced trading, battle-tested custody, financing, and prime services in a single solution âthe most comprehensive platform for institutional investorsâ. Detailed info can be found in their blog updated few hours ago here https://bit.ly/3konb7G.
Bitcoin.com wallet Adds ERC-20 Tokens! You can now buy, sell, receive, store, trade, and send ERC-20 tokens with the convenience and security of the industryâs most user-friendly non-custodial wallet. News published by NEWSBTC https://bit.ly/3Cu9WbJ In similar news posted by News BTC custodial lightning network service attack discovered by a âNewbieâ â Hacker Strikes 6 LN Custodians. Details posted by Reddit user name âReckless_Satoshiâ posted detailed information via Reddit, Inc. https://bit.ly/39pH73z Is Lightning Network lightning years away from Mainstream adoption & full security?
UAE news 1) Dubai Future Talks: NFTs From Creation to Investment Dubai Future Talks NFTs From Creation to Investment is live today from 4pm to 5pm Dr. Noah Raford & Dr. Marwan Alzarouni will be at the event (Check slides for more info ) 2) Saudi Arabiaâs blockchain market to grow 41 percent by 2025 (Check slides for more info )
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_blockchaindxb-bitcoin-cryptocurrency-activity-6845901257371131904-r0gY
Our website: www.blockchaindxb.com
email: info@blockchaindxb.com
Listen to us live via Podbean ( Monday to Thursday 8am GST)
20th Sep
Crypto & Coffee at 8
Is Bitcoin Apolitical? PESTLER analysis on Bitcoin by Blockchain DXB on the 7th of October registration link is here https://bit.ly/3EyXklh. We explore #Political, #Economical, #Social, #Technological, #Environmental, #Legal #Religious factors on #Bitcoin.
Register here via Eventbrite https://bit.ly/3EyXklh
Live session via Airmeet https://bit.ly/2XEXGq4
Audio Live via Podbean https://bit.ly/2VS69Fo
Whilst historically September is a better month for Bitcoin in terms of price. The market cap of Bitcoin is hovering the $900 Billion far below the April market cap where it was almost $1.2 Trillion Glassnode & William Clemente put up an excellent video via YouTube worth listening to some technical analysis https://bitly.is/3hNt4tm.
As of 20th 6:00 am GST The volume of all stable coins is now only at $63.58B, which is 75.99% of the total crypto market 24-hour volume Usually when the price dumps Stable Coins are to the rescue? Data via CoinMarketCap
Since Bitcoin is a legal tender in El Salvador over 1.1 million citizens have registered for the Chivo Wallet. Quite an achievement in just 10 days. President Nayib Bukele used Twitter to share the news https://bit.ly/3tUMJw4 Over 17% Of El Salvadorans have downloaded the wallet. NEWSBTC & Investing.com have published some more information https://bit.ly/3nN0xb6
that states El Salvador has third in global Bitcoin ATM installations.
Crypto lending platform Celsius who recently reached 1 million users face some regulatory hurdles Alex Mashinsky, the CEO & the (OG of VOIP) shared his disappointment with regulations in the state of TX, NJ & AL BlockFi has faced similar hurdles a few months ago. We will discuss this in detail in the session where we explore (PESTLER) analysis on Bitcoin As part of reaching 1 Million users, they have also announced â21 Million Satoshi Giveawayâ read their blog & how to participate here https://bit.ly/2ZeSxFG
U.S. Department of Homeland Security signs $1.36M contract with Coinbase. A deal, 40 times bigger than its previous deal with the US govt. Coinbase will provide the Immigrations and Customs Enforcement branch with blockchain analytics software. Details can be found https://bit.ly/39rdFtX . Earlier this year U.S. Immigration and Customs Enforcement (ICE) paid Coinbase $29,000 for forensics software.
Mastercard UK Partners with JosĂŠ Mourinho head coach of AS Roma for the first-ever NFT Giveaway. An animated digital football
with JosĂŠâs signature on one of the panels. One lucky Mastercard
cardholder in the United Kingdom will be randomly selected to win the NFT. Official release can be found here https://mstr.cd/3kqHbXn
UAE news
1) ZENIQ_Tech will launch a tokenization project in Dubai on 21st.
The launch will be at the Armani Hotel Dubai in the Burj Khalifa, Dubai. We had covered Zeniq on the 20th of July ( Check the slides for further updates )
2) PESTLER analysis on Bitcoin by Blockchain DXB ( Check the slides )
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_political-economical-social-activity-6845543249524916224-WX7Y
Our website: www.blockchaindxb.com
email: info@blockchaindxb.com
16th Sep Ray Dalio âRegulators Will Kill Bitcoin If Itâs Truly Successfulâ
But in what context did he say it? The interview with CNBC on YouTube can be found here https://bit.ly/3ziPyZ0 Ray Dalio, the founder of $150 billion Bridgewater Associates, told CNBC on the 15th âFirst, know cash is trash, so donât keep it in cash,â He has warned that investors shouldnât become too reliant on cash and that while he owns some #bitcoin thereâs a danger that governments could destroy the crypto market. Some interesting information about SALT conference in New York, where Dalio did cast doubt on the prediction earlier this week by ARK Investment Management LLCâs Cathie Wood that Bitcoin will increase 10-fold in five years, saying that âdoesnât make sense to me.â Ray Dalio has the most information channel on youtube. Please subscribe to his work here https://bit.ly/3AfizGx Behzod Khamraev, The Deputy Chairman of the Central Bank of Uzbekistan told SPOT a news magazine https://bit.ly/3hAfglM âCryptocurrency in Uzbekistan will not be a means of paymentâ NEWSBTC also published a report that Bitcoin will not become legal tender in Uzbekistan https://bit.ly/39aDRcl . In the past, the government of Uzbekistan had incorporated a ban on the use of cryptocurrency for payments into its legislation back in 2019. Looks like El Salvador is the only country as of yet to accept it as Legal Tender. However, a growing number of protest has been reported even in El Salvador Decrypt published an article a few hours ago worth reading it https://bit.ly/39dcxKp . To get a thorough understanding of Bitcoin, we would strongly recommend listening to Peter McCormackâs interview with President Bukele. A lot of useful information & misconceptions can be cleared https://bit.ly/3tLBoib NFT news Cointelegraph reported that OpenSea exec used the platformâs influence to pump his own NFTs Nate Chastain, who serves as OpenSeaâs head of product, allegedly used burner wallets to purchase NFTs, which were then featured on the front page of OpenSea where theyâd receive the most attention. Details of the article is herehttps://bit.ly/2VKO2kJ Information initially published via Reddit, Inc. https://bit.ly/3kh0J0h OpenSea published a blog confirming this , you can read the blog here https://bit.ly/3Epxbp1 Global digital asset exchange, gate.io has announced OpenPunks, a community-driven NFT collection aimed to spark the creativity of its users, inspiring a deeply integrated community while promoting the NFT ecosystem. It is the worldâs first community-driven NFT collection, encouraging users to explore their creativity and create new NFT artworks. Built on Gate.ioâs public blockchain. Details can be found here https://bit.ly/3EfeqVg UAE news 1) NFT marketplace âFunoonâ to list & sell Shariah-compliant digital assets plans to launch in DXB ( Details in the slides) 2) PlatonCoin (PLTC), a new generation of digital currencies is opening its subsidiary in Dubai ( Details in slides ) For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_bitcoin-blockchaindxb-activity-6844090333282799616-TFv6 Our website: www.blockchaindxb.com email: info@blockchaindxb.com
15th Sep Bitcoin Core 22.0 has been released, the first software with Taproot support.
Taproot is going to be activated in November! Bitcoin Core 22.0 is the latest major release of the Bitcoin Core software client. The release would support hardware wallets, i2p support, taproot support, testmempoolaccept logic, which paves the way to a bigger package relay upgrade. Check out the video by Bitcoin Magazine via YouTube where Aaron van Wirdum & Sjors Provoost discuss the latest major release bit.ly/394per7 Senator Elizabeth Warren in a Tuesday hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs with U.S. Securities and Exchange Commission chair Gary Gensler said some harsh but true things about crypto, particularly about Ethereum âThe fee to swap between two crypto tokens on the Ethereum network was more than $500,â #fact. Gary Gensler has encouraged crypto projects to meet with SEC officials. The full video can be found here bit.ly/3k9KZMg Central Bank of the Russian Federation (Bank of Russia) tells banks to block cards, wallets used to transact crypto. They have advised banks on how to identify and block cards and wallet accounts used by shady businesses. The official release can be found here bit.ly/2XfG7fG & here bit.ly/3nzyQ5G . A compiled synopsis can be found bit.ly/3tFbFrB . A few months ago, the Central Bank of Iran had issued a similar notice to Banks in Iran, however, it only blocked Bitcoin transactions that were mined outside of Iran. Also from the 22nd of this month, mining operations gets restarted in Iran. Since NFT took over the news in the last few months Defi has been steadily growing. The total value locked in Defi is s around $185.32 billion. You can check detailed info here bit.ly/3Cg6pxo Aave has the highest dominance level in terms of Total value locked at $14.2B. NEWSBTC has published a detailed report that can be found here bit.ly/394razT In August Nasdaq has reported that Fox Entertainment led the investment in Blockchain Tech Firm Eluvio. Eluvio will provide the underlying technology platform for Blockchain Creative Labs, FOX Entertainmentâs $ Bento Box Entertainment LLC Entertainmentâs recently launched NFT business and creative unit. CoinDesk reported earlier today the deal values the Berkeley, Calif-based start-up at $100 million UAE news: News1 Coinsfera: A place to buy #bitcoin, #Ethereum, #Cardano ( Check the slides for more info). We would recommend Coinsfera to have an exhibition stand at Future Innovation Summit dfisx.com/. This summit will provide a platform to showcase the business & meet with key decision-makers, prominent & important people in the cryptocurrency space. News 2 UAEâs anti-money laundering body endorses framework for virtual assets News published by Reuters reut.rs/3kc8moB (Check slides for more info) . You can also find more information lnkd.in/e2Vz6RaF For slides click here www.linkedin.com/posts/r-a-georgeâŚ02768855040-suZF Our website: www.blockchaindxb.com email: info@blockchaindxb.com
14th Sep Crypto market "Do You Bleed" The global crypto market cap is $2.06T a stark decline since the last few days. Stable coins to the rescue?
Michael Saylor founder of MicroStrategy has purchased an additional 5,050 bitcoins for $242.9 million in cash at an average price of $48,099 he mentioned via Twitter As of 12th September they #hodl 114,042 bitcoins acquired for $3.16 billion at an average price of $27,713 per bitcoin. His tweets about #Bitcoin is digital energy seems atrocious & lame? Official release by Microstrategy can be found here bit.ly/392kUbV
Coinbase vs Security Exchange Commission Coinbase announced a $1.5-billion bond sale shortly after the SEC threatened to sue the firm over its lending program. Official release can be found here bwnews.pr/2YOyLk1 . On Sep 8th Paul Grewal, Chief Legal Officer at Coinbase posted a Blog titled "The SEC has told us it wants to sue us over Lend. We donât know why" Worth a read to know the full story bit.ly/3tHsAKa
Kevin O'Leary the star from Shark Tank ABC told CNBC that Ethereum's network speed was too slow and called for US crypto regulation. Bitcoin could see inflows worth $1 trillion if regulators classify crypto as an asset and approve an ETF, he said. Business Insider has published O'Leary's 8 best quotes from the interview that can be seen here bit.ly/3EeJy7y
Elon Musk in the crypto news again, tweeted a pic of his dog FLOKI, why does this have significance? bit.ly/3keue2R . On June 25th he tweeted "My Shiba Inu will be named Floki" bit.ly/3A8MeAY. Because of this tweet, Dogecoin spin-offs soar 1,000% after Elon Musk Shows Off âFlokiâ Puppy. Since the tweet, Shiba Floki is currently up 1,009% and Floki Inu is up 108% in the past 24 hours. #crazy
Hedge Fund Multi Billionaire Steve Cohen helps NFT start up RECUR raise $50 Million investment Into NFT platform with Collegiate Licensing Deal. Max Bruch co-founder & chief of staff RECUR just posted an article from Forbes. The article can be read here bit.ly/2XmNiTJ Decrypt also reported that Alongside word of the fundraise, Recur has also announced the impending launch of NFTU.com (a platform for officially licensed college football digital collectables) article here bit.ly/3AavWHW
UAE news: News 1 Amir King Khan the boxing legend & Super Boxing League in association with Savy Capital & Bybit & World Boxing Council (WBC) have đĽCrypto Fight NightđĽ in Dubai. The winner gets "WBC Crypto belt" ( Details in the slide) La Perle DXB
News 2 Bahraini startup INABLR Middle East WLLallows Sukuk ownership for $1,000 on a blockchain-based platform. ( Details in the slide )
DIFC Blockchain Week Day 3 Stornest will be discussing How is Blockchain affecting our legacies. Later in the day, Chi-X Digital Assets are going to talk about Blockchain-powered finance for SMEs & CoinMENA will talk about " Is Crypto Safe" Definitely worth attending these sessions.
For slides click here www.linkedin.com/posts/r-a-georgeâŚ36762759168-3fhd
Follow me on LinkedIn www.linkedin.com/in/r-a-george-19b102104/
Our website: www.blockchaindxb.com
email: info@blockchaindxb.com
13th September
Over 700 thousand blocks have been chained to the Bitcoin network On-chain volumes indicate a growing dominanceđŞđť
Bitcoin mining hash rate has gradually increased since the China crackdown & Elon induced market Glassnode Week on-chain report states that The 14-day median hash-rate has recovered to 128
EH/s, which is approximately 29% below the all-time-high and reflects a 42% recovery from the July lows. A detailed report can be found here https://bit.ly/2Xl5FbJ. Old coins are not being spent #HODL culture seems very strong in #Bitcoin community William Clemente tweeted that 93% of Bitcoinâs supply hasnât moved in at least a month! https://bit.ly/38YZHzh
On to some negative news about Bitcoin. Governor Stefan Ingves of Sveriges riksbank warns that Bitcoin could eventually collapse. He compared buying and selling Bitcoins to trading stamps, questioning the staying power of currencies without government backing.
Cardano highly anticipated Alonzo upgrade was a success! Carolin Taling from Husky Pool mentioned via Twitter that the very first block of the Goguen era was done by Husky Pool ( Block No 6236060)
NFT News: On the decline
NFT sales have plummeted by 86% DappRadar https://bit.ly/3k0C8MV data show that the most popular NFT
marketplace, OpenSea, has suffered a loss of 52.47% during the last seven days in terms of volume. Detailed analysis of NFT sales volume was published earlier today by NEWSBTC https://bit.ly/3nqiagJ
Is the NFT hype over, on the verge of decline or will it bounce back with some crazy NFTâs on sale soon? Declining NFT sales has a direct impact on Ethereum transaction fees. In a sense, Ethereum just got usable again. According to Etherscan the average cost of a transaction on Ethereum right now is $12.2. Detailed report on NFT sales & ETH price can be found on Decrypt. The article is https://bit.ly/3A7W7iv
DC Comics & Marvel Entertainment tell freelance artists to hold off on auctioning NFTs featuring the companyâs IP Bloomberg LP posted an article on 10th & mentions about a âletterâ that artists were told by the two publishers the sale of NFTs of the companiesâ characters should be put on hold! https://bloom.bg/3Adem6g . Would be interesting if they published the actual letter & specifics mentioned.
UAE news:
News 1
Understanding Bitcoin (Conference & Workshop) to
take place on 14th to 15th October at Atlantis, The Palm Dubai.
This is the event one should certainly attend! The OGâs of Bitcoin Adam Back Giacomo Zucco, Francis Pouliot, Peter Todd, BTC SESSIONS( youtube) Tone Vays, MIR, Bitcoin Mechanic, Soft Simon, Christian Decker, Alexandra M. Adam Fiscor, Alex Petrov, Stephan Livera.This event is so good! https://www.understandingbtc.com/
âBlood eagle for anyone who talks shitcoin at the eventâ
News 2
DIFC Blockchain Week 12th Sep â 16th Sept ( Check slides for more info) Todayâs sessions by 10 Leaves DIFC Services, SmartCrowd, Arabian Bourse Limited & Quantumi.
For slides & links for official source click here https://www.linkedin.com/posts/r-a-george-19b102104_hodl-bitcoin-blockchaindxb-activity-6843006613373145088-jnvV
Follow me on Linkedin https://www.linkedin.com/in/r-a-george-19b102104/
Website: www.blockchaindxb.com
email: info@blockchaindxb.com
Blockchain in Dubai! I plan to release an episode every day at 8am Dubai Time. Episodes called Daily 5 would cover news about Bitcoin, Blockchain Technology, Beyond Blockchain & Artificial Intelligence in Dubai & around the Middle East
Blockchain in Dubai! Hi guys I Â plan to release an episode every day at 8 am Dubai Time. Episodes called Daily 5 would cover news about Bitcoin, Blockchain Technology, Beyond Blockchain & Artificial Intelligence in Dubai & around the Middle East.
This particular episode is a short one where I discuss the hype behind Bitcoin Halving. Also cover short price-related information from coin market cap.Â
I have been actively involved in Bitcoin since 2013 however Relatively new to podcasting so please provide any feedback yall have on the comments section. Alternatively, you can also drop me an email to info@blockchaindxb.com