Blockchain DXB

23rd June

⛔Inflation + Recession + Stagflation + Deglobalization + New World Order

Inflation Numbers

📛 US — 8.6% highest in 40 years

📛 UK — 9.1% highest in 40 years

📛UAE — 7.5% expected in 2022

💡Ray 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?

👀 Where does Bitcoin fit into all this?

Well maybe if Bitcoin was created centuries ago we may have not been in a similar situation? — Not True. Check out Blockchain DXB’s 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

🚨Nouriel Roubini “Dr. Doom” chief economist from Atlas Capital Team L.P. has a great interview with Bloomberg LP where he talks about US Economy ‘Getting Very Close’ 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

⚡Elliptic 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 “something that we want to do because we can. More info here via CoinDesk here https://bit.ly/3yeos8l

UAE news: (Check slides below)

✅Metaverse: The Hype, Reality & New World Order by Blockchain DXB via Eventbrite register here: https://bit.ly/39HFC4A

✅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

#blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #duba

22nd June

🚨Central Bank Digital Currencies NOT Crypto

⛔Bank for International Settlements — 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 “The promise and pitfalls of crypto” 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 “Central Bank Digital Currencies: The Basics, Threats to Freedom & Metaverse” 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

💡Circulating Supply — 67.4 B Tether.to USDT

💡Circulating Supply — 55.8B USDC Circle/ Coinbase

24-hour trading volume 87.37% of the total crypto market 24-hour volume via CoinMarketCap

❗$50.3B USDT

❗$4.9 B USDC

👀With 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?

👀Security Exchange Commission chair Gary Gensler has once again warned the public about crypto investments that seem “too good to be true.” 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 communities’ 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

💥Alex 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. It’s 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

#BTC= 482 +

#ETH = 9711 +

#DOT = 435632 +

#USDT = 632

#SOL = 7815 +

#USDC = 1,202,804

Two UAE news: (Check slides for more info)

Hex Trust has obtained provisional approval from the Government Dubai’s 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

#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 #

21st June!

👀 Bitcoin Investors Lose Record $7.3 Billion in Three Days! These are realized losses :-( Decrypt’s article confirms selloffs from Thursday to Saturday! Article here https://bit.ly/3bgFv0b

🙈Crypto 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 — 18181. Still relying on info from YouTube, TikTok &Twitter “price” influencers?

❗Game Theory: How do we the collective mass react to price when it goes up or down

❗Human Greed: Billionaire accumulating more #BTC

❗Demand vs Supply: Pump the demand so existing net worth in Bitcoin increases (Billionaires & early adopters)

💡Why was Bitcoin created & what did it want to solve? The separation of Money & the state will eventually happen. In the meantime, questions to ponder

🚨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)

⛔An 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?

🤔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?

💥Too 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 “Value creation in the metaverse.” & 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 “Metaverse Everything” 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

🔴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

#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

20th June

🙈2022: “Terra Luna + Celsius + Three Arrows Capital Limited”

😭Bitcoin market cap is well below the $390 B

🤔Litecoin up by 21%

👹Bitcoin Fear and Greed Index is 6 Extreme Fear probably for the very first time?

👀The Domino effect of a project failure is unfathomable

🛑Terra Luna an insider job?

“ Debunking the LUNAtic conspiracy!”A recent study by Uppsala security posted a blog via Medium, Part 1 uncovers the mysterious “Wallet A” & Series of on-chain data unveiled evidence that points to the fact that “Wallet A,” 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

🏹Three 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 “ 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

🙆🏼‍♂️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

❓Who would u trust Politicians or Billionaires when it comes to Money?

❓With the concentration of Bitcoin among early adopters, Billionaires & Multimillionaires would it be ideal for Bitcoin to be world reserve currency?

❓Check out Blockchain DXB wesbitefew suggestions on how Bitcoin could be an equal playing field & could potentially be a world reserve currency!

Multi-billionaire Kevin O’Leary 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

🛑How about people from undeveloped nations & struggling economies and individuals? What was the purpose of bitcoin’s 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

#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

16th June

🚨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

💥Central Bank of The UAE follows US Fed’s 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?

💡Where does Bitcoin fit into this? Satoshi Nakamoto’s message on the Genesis block reads “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” 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.

👀Or the biggest black swan event for cryptocurrency could be Tether.to USDT?

🔴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 CoinMarketCap’s 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 ✅

- 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

#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 #blocchaindxb #blockchain #business #people #business #data

15th June

😨Bitcoin Fear & Greed Index is 7 = Extreme Fear!,

⛔The market cap of Bitcoin slides down to $405B -CoinMarketCap

💥Coinbase lays Off Around 1,100 Employees

🤦🏼‍♂️Bitcoin Mining hashrate! (Not ideal)

🚨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

💥Coinbase 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 “grew too quickly.” 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

⚒️Bitcoin Mining hashrate broke a new all-time high — Terrible 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 😐 YCharts explains that bitcoin mining hashrate is at 219.79M TH/s as of Jun 14.Info here https://bit.ly/3mNhkJl

👿Andrew Bailey, The Governor of the Bank of England has never been a fan of Bitcoin, Stables coins — Yes. 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

❓❓❓With 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

#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

14th June

👀#HODL Global crypto market cap below $1Trillion

💥Celsius has paused withdrawals

😱Binance 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.

Glassnode’s 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

💡America’s outflow = US$98m with

💡Europe 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 👎🏻 = Buy more Bitcoin its on Discount

Bitcoin price 👆🏻 = Buy more it’s only going to go Higher

🚨Satoshi Nakamoto: The very 2nd line of Bitcoin White Paper! …..”but the main benefits are lost if a trusted third party is still required to prevent double-spending”

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

💥Some 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 💪🏻

⛔Funds are SAFU.with Binance

Earlier in the day had paused bitcoin withdrawals for several hours Monday due to a ‘stuck transaction’ 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 students’ 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

#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 #cryptocurrency #crypto #metaverse #blockchaindxb #nft #blockchaindxb #bitcoin #cryptocurrency

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13th June

🚨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

#Moneyprintingbrrr is one of many causes of Inflation & the global crypto market cap is down to $1.10T — CoinMarketCap Bitcoin’s market cap is down to less than one-third of its all-time high. 🤔 But Bitcoin is supposed to be a hedge against inflation? OR could Inflation & Terra Luna’s collapse makes a perfect gateway for the introduction of Central Bank Digital Currency? Blockchain DXB

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 Fink’s letter to CEO “The Power of Capitalism” 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

👿BitcoinMagazine has 2 articles on Inflation & Bitcoin:

👎🏻1st: https://bit.ly/3Obms5L just provides information with No Explanation. Pointless article

👎🏻2nd: 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 don’t just buy #Bitcoin Exit fiat, that’s a good one ✅ https://bit.ly/3MLADxt

👀The 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

💡A 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

#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 #btc

09th June!

🚨Stable Coins dominate the cryptocurrency market!

😱Over 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 — 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

🔵The 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:

⚡Bitcoin = Store of value

⚡Ethereum = Store of value + Medium of Exchange

⚡Blockchain Protocols = Medium of Exchange for Smart Contracts

⚡Stable Coins + CDBC = Medium of Exchange

💥Checkout.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.com’s 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 …. 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)

💥Circle 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 Visa’s Fintech Fast track program.

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

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

08th June

🔴🔵Bitcoin: 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

🔴🔵Responsible 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. government’s 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?

🚔U.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

🙄Reuters 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

🚨Binance has fired back at Reuters’ money laundering allegations & claims it’s misleading. Mainstream media is often known to mislead the general public. Response from Binance via their blog here https://bit.ly/3NWbNM8

❓How do u think this ends SEC vs Binance & who’s side are u on?

💡News 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

- MasterZ.|Blockchain & Digital Assets launches Dubai Edition at Hult International Business School

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

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 #btc #blockchaindxb #cryptocurrency #blockchaindxb #blockchaindxb #btc #cryptocurrency #blockchaindxb #cryptocurrency #btc #crypto #news