Blockchain DXB

07th July

⛔ 2022: The year of Central Bank Digital Currencies, Binance & Metaverse news

💡 Blockchain DXB has an event on 8th July on CBDC where we explore, The Basics, Threats to Freedom & CBDC’s role in the Metaverse. Registration link here https://bit.ly/3RgLq5V

💥Binance 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 exchange’s five-year anniversary this month. It will remain in place until further notice. Official news via their blog here https://bit.ly/3nHFMMC

🚨 “Metaverse Everything” podcast by Blockchain DXB has weekly updates check here https://bit.ly/3bUXBVP

❓ Question: What countries are excited about Metaverse & are eager to learn more about it?

- Developed Nations

- Underdeveloped Nations

- Developing Nations

❗Crypto 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

👀What is going on isn’t 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?

✅ 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.

⚒️ Cointelegraph just published an article a few hours ago that shares info on, Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners’ revenue Article here https://bit.ly/3uusKpz

😊 While the crypto market reminiscences the 2008 credit crisis Crypto hardware wallet sales increase as centralized exchanges scramble. “Not Your Keys, Not Your Coin” is in fruition among the mass Pascal Gauthier, CEO of hardware wallet crypto firm Ledger has told Cointelegraph that the company’s revenue dropped about 90% during the 2018 crypto winter, but this hasn’t been the case this year. Details in the article here https://bit.ly/3ImvFGw

🤨 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

✋🏻 With Ethereum Consensus Layers’ 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 — 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

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #blockchain #cryptocurrency #blockchaindxb #blockchaindxb

06th July

👀Stablecoins account for 91.32% of the total crypto market 24-hour volume

⛔Since 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 📉 $47.9B

- Circle’s USDC 24-hour trading volume has been going up 📈$6.2B

💡Cointelegraph also has an article that states Circle’s USDC is on track to topple USDT as the top stablecoin in 2022. Info here https://bit.ly/3Rf7w9a

❓Does 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!

🔴UK news

1️⃣ 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 ‘staking’ within the context of Decentralised Finance (DeFi)

2️⃣ 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

🗣️CoinShares has announced the acquisition of Napoleon Asset Management Info via Global News Wire here https://bit.ly/3bSXcDB

📊Glassnode’s 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

🎙️ We covered this on our “4th of July Bidenflation” episode listen here

Spotify: https://spoti.fi/3y3Fapq

iTunes: https://apple.co/3u4Iak7

Google: https://bit.ly/3ysvrL0

📊 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.

😱What does that mean in the next coming weeks, months & 3rd quarter of this year?

👍🏻The fact is Bitcoin & Cryptocurrency price predictions are 100% right, 50% of the time

❗(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

💥UAE news: (Check slides for more info)

- Bitcoin Beginners Guide Session by Blockchain DXB — 7th of July

- Ethereum Beginners Guide Blockchain DXB — 7th of July

For slides click here: https://bit.ly/3OUYgpe

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #blockchain #cryptocurrency #blockchaindxb #blockchaindxb

05th July

⛔ Meta pay IN ✅ Novi Wallet ❌OUT

Mark Zuckerberg in his Facebook post mentioned launching Meta’s digital wallet Meta Pay. His post here https://bit.ly/3uggh92.

🎙️We covered this on our “Metaverse Everything” 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

🚨It would have banked billions of unbanked people at no cost. Isn’t that why Bitcoin was created in the 1st place?

💡Bitcoin is trustless. Instead, we rely on Cryptography, Hashing algorithms & Mathematics.

👀Not your keys, not your coins.

Satoshi Nakamoto’s very end line of the Bitcoin Whitepaper read “…..t the main benefits are lost if a trusted third party is still required to prevent double-spending”. CeFi lender Vauld has just suspended “all withdrawals, trading and deposits.” 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.

🗣️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.

❗Russia ❗ Iran ❗India❗

💥Central 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

💥Iran 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

💥India: 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

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #dogecoin #shibainu #cryptocurrency #bitcoin #startup #blockchaindxb#blockchaindxb #cryptocurrency

04th July

👀Bidenflation #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 volume — Info at 2 am GST CoinMarketCap

🚨4th of July: Let’s 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 world’s largest nonviolent protest https://bit.ly/3uidxI3

- The second article talks about how on July 4th America’s 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

📛Reserve Bank of India (RBI)’s governor though has once again warned against the dangers of cryptocurrencies. The Governor’s remarks were made in tandem with the central bank’s 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

💡Bitcoin = Freedom of money

❗RBI — More control over money

🔴 100%Separation of money and the state will happen, may take longer!

🗣️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? Why”? cause it’s during the election season” in the USA & stock markets & elections do have a very strong correlation

😱Three 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 company’s assets in the US. A law firm Latham & Watkins is representing Three Arrows in the US bankruptcy. Article here https://bloom.bg/3OX1pnZ

💥UAE news: (check slide for more info)

- Dubai blockchain investment Decentralised Investment Group firm is revolutionizing Hollywood NFTs in partnership with BRON Studios

- #Back to Basics, Definition of Bitcoin revisited by Blockchain DXB

For slides click here https://bit.ly/3R4YPOy

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #blockchain #cryptocurrency #blockchaindxb

01st July: Metaverse Everything Podcast 🎙️

👀A 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

💡How about a Political leader with only Avatar? No prior history & all his words and actions tracked on a Blockchain?

❗Check 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?

💥5 Metaverse news from UAE

1️⃣ Blockchain DXB starts a daily podcast on Metaverse on the 3rd of July. Monday — Friday with the latest updates on news from Dubai, UAE & Middle East

2️⃣ 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 ‘leading player in the Middle East’s 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 “Experiential Commerce”. A great read here https://bit.ly/3NAcWIT

3️⃣ Thumbay Hospital plans to start UAE’s 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

4️⃣ digitalfarm and meta-farm are forming a collaboration with UAE’s 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

5️⃣ Rolls-Royce Phantom was displayed in Dubai at the Gulf News Web

3.0 Decode event last weekend. Details here https://bit.ly/3IcJBmI

🌏Check slide no 8 for detailed info regarding Metaverse news from around the world

🔴Meta’s 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

🔴Siemens forges digital twin deal with NVIDIA for the metaverse. Official info here https://bit.ly/3yyclTA

🔴HTC new phone Desire 22 Pro comes preloaded with “Viverse” apps to navigate the metaverse. Watch the advert via YouTube here

https://bit.ly/3a4JQnb News by Decrypt herehttps://bit.ly/3uhn5TL

🔴airtel launches India’s first 20-screen multiplex. In the Metaverse. Official news here https://bit.ly/3NzzvNy

🔴MOOI partners with Japanese content giant cocone to build a sustainable metaverse ecosystem. Via Cryptonews here https://bit.ly/3bHQHDt

🚨Detailed explanation on ur Podcast “Metaverse Everything” 🚨

For slides click here:https://bit.ly/3NA0poz

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #dogecoin #shibainu #cryptocurrency #bitcoin #startup #blockchaindxb

30th June

Will Ethereum be Ultra Sound Money?

🚨Ethereum Gray Glacier on Block height no block 15,050,000.

🗣️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.

🎙️Bankless podcast has an excellent session with Tim Beiko on the 9th of June where they discuss the updates on “The Merge”, 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 “Endgame” 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 “Ethereum Beginners” Guide via Eventbrite on the 8th of July where we explore this in detail.

❓Few 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 + NFT’s = Store of value

- Ethereum + Competitors = Store of value + Medium of exchange

- Central Bank Digital Currencies + Stable coins = Medium of exchange

👀Sky 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 court’s alleged liquidation order and the company did not respond.

⛔Multibillionaire 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

❓When 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

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #blockchain #cryptocurrency

29th June

⚫Tether.to USDT a Black Swan event for Cryptocurrencies?

🗣️ 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

👀But what’s 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 Tether’s market cap has dropped by 19% since the start of May, while Circle’s 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.

🎙️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

👹As 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

💡⚡All 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?

📚Blockchain DXB has an event via Eventbrite that would tackle all these scenarios. Registration link here https://bit.ly/3Np7mZz

👻Memecoins

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

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #dogecoin #shibainu #cryptocurrency #bitcoin #startup

28th June

🚨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 Russia’s 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

⚡Dmitry 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 can’t settle any securities with counterparties. CBS article confirms Russia’s ruble is the strongest currency in the world this year! Article here https://cbsn.ws/3bmatEg

Things would be so much better when “money “is 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 won’t be in control of the creation, management & supply of money.

🗣️ Gary Gensler “Bitcoin is a commodity”

Gary Gensler chair of the Federal Reserve Board in an interview with CNBC told it as a response to a question from CNBC’s 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

💡⚒️Technical info

Glassnode’s 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 Luna’s 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 “Crypto & Coffee at 8” where we share our insights on this & more

💥Bitcoin Magazine is launching its first European Bitcoin conference event in pursuit of hyperbitcoinization — Bitcoin 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 12–14 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

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto

27th June

🔴Stable coins account for 87.20% of the total crypto market’s 24-hour volume.

⛔The 24-hour volume is down to $43.53 via CoinMarketCap

🤔The circulating supply of USDC is at $55.8B almost double since last year. 24 Trading volume is only at $3B

😱The Fear & Greed Index is still Extreme Fear at 14.

👀How 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?

💥Lebanon Inflation 211% — Could Bitcoin be a better solution?

Inflation numbers are extremely daunting & will continue till 2023? The National News article last week said Lebanon’s 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?

📛BlockFi 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

⚡🎓Word of caution & reminder the very second line of the Bitcoin white paper reads…… 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 FTX’s 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 “at essentially zero price that includes Morgan Creek Digital’s 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

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb #nft #doge #blockchain #cryptocurrency #news

24th June: Metaverse 💥Meta Avatar store! Mark Zuckerberg is all in on the metaverse!

👀Mark 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

5️⃣ 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 •28th -29th Official info here https://bit.ly/3HNS6o3

⚡ NexChange Group has an event called “Metaweek” 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 Order” 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

🎓Consulting Experts on Metaverse!

🚨 Deloitte just released an article discussing the metaverse’s future possibilities& pitfalls) in 5–10 years. Info here https://bit.ly/3OAUKj2

Interesting take on

- Standardization.

- Market fragmentation

- User interface

- Governance

🚨 (Boston Consulting Group (BCG) article The Corporate’s hitchhiker’s 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

🚨 McKinsey & Company’s 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 can’t make money in the metaverse

- The speed of technology will set the pace for adoption

🚨 Ernst & Young’s article The metaverse is here to stay! The article here https://mck.co/39PckBh discusses

- 3D glasses

- Digital twin

- Virtual clothing

⛔Check out slide no 8 below to get Top5 Metaverse news from around the world!

💥The 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

❗Area 2071: Metaverse Everything❗ podcast 🎙️by Blockchain DXB will cover Metaverse news & more every Friday

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

For slides click here: https://bit.ly/3nbCAsF

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb #bitcoin #business #business #innovation #job #NFT #metaverse

#blockcaindxb #bitcoin #cryptocurrency #nft #metaverse # #news

#blockchaindxb #cryptocurrency #nft

#blockchaindxb #metaverse #NFT #cryptocurrency #crypto #blockchain #bitcoin #technologyEverything🎙️