Blockchain DXB

14th May: Crypto & Coffee at 8

👀Bitcoin Mining🔻 The US government is going after Tether.to? 🔴$296M Illegal Crypto in China🟠Bitcoin Magazine+ Trump

🔻Mining 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

❗ 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

👀 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.

😱 Brad Garlinghouse, CEO of Ripple says it is “clear” that the United States government is “going after” 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

🔴 Chinese police arrested six individuals in Panshi City, Jilin, for operating an illegal “underground bank” 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

🟠 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

🟠 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

🚨 Canada fines Binance 👀 Binance & KuCoin Exchange in India, 🚨 Stablecoins on the Bitcoin Blockchain ❗ Franklin Templeton CEO discusses tokenization of ETF & Mutual fund ⚡ Apple + OpenAI

🚔 Canada’s 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

🚨 Binance and KuCoin Exchange have been registered by India’s 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

👀 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.

💯 Will it be on an Open Blockchain or Permissioned Blockchain (Software)?

🎙️ Check out Blockchain DXB’s Podcast we share some key details of Tokenization this week. We also share our commentary on macro-level news

⚡ Lightning Labs, the developer behind Bitcoin’s 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

🟣 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, Google’s parent company, to potentially integrate the Gemini chatbot. More info via Bloomberg https://tinyurl.com/h7dyr2zh

🟠 Two UAE news (See slides)

⚡Metaverse: The Hype, Reality & New World Order by Blockchain DXB 06th June

⚡PESTLER 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: @⁠abdullabinhajar⁠

- 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

🟢 Ethereum Proposal EIP 7702 by Vitalik Buterin 💳Mastercard + US banks work on Tokenization 👀Robinhood receives Wells notice by SEC 🔻Grayscale Withdraws Ethereum ETF

🟢 EIP 7702 Targets Enhanced Security and Compatibility

Ethereum Improvement Proposal (EIP) 7702 represents a pivotal advancement in Ethereum’s 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

🟢 EIP 7702 enhances Ethereum’s 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.

🎙️Check out Blockchain DXB podcast we explain this in detail. Also see slides 1 & 2 below for macro details of #defi, #stablecoins #BTC & more

💳 Mastercard, along with major US banks like Citigroup, Visa, and J.P. Morgan, is testing distributed ledger technology for banking settlements using tokenization. They’re 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

👀 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, Robinhood’s share price fell 2.5% before the market opened, hitting $17.95 at 12:50 p.m

🔻 This news led to discontentment among investors. Additionally, a significant amount of Dogecoin was cashed out as Robinhood faced increased outflows. Dogecoin’s price dipped below $0.15 despite rising trading volumes, partly due to these developments and the liquidation of long positions worth nearly $4M.

🟢 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 Grayscale’s 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 doesn’t make sense right?

🟠 Two UAE news

⚡ Chainalysis sets up regional HQ in Dubai amid local crypto boom

⚡ Trezi to transform UAE’s AEC landscape in the Metaverse era

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⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28

08th May: Crypto & Coffee at 8
💯 Trump defeating Biden is Good for Bitcoin — Standard Chartered 👀Cartier family member indicted — USDT 🚨HK explores Tokenization

🔆 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 “several large reserve managers to be buying BTC in 2025.” Info via Decrypt here http://tiny.cc/alzzxz

🟠 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.

👀 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

🟣The Hong Kong Monetary Authority (HKMA) is spearheading collaboration with industry stakeholders to explore asset tokenization. Through the newly announced “Project Ensemble Architecture Community,” 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 Kong’s Securities and Futures Commission, the BIS Innovation Hub Hong Kong Centre, and the CBDC Expert Group.

❗The 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.

❗ 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

🟠 Two UAE news (see slides)
⚡Crypto options desk QCP Capital wins Abu Dhabi license:
⚡Cognizant and Google Cloud to drive AI innovation in Saudi Arabia

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28

07th May: Crypto & Coffee at 8
👀 687 #BTC move after a decade 🟢 SEC delays Invesco Galaxy spot Eth ETF decision ❗ Philippines- Cryptocurrency Regulatory Framework ❗OKX has turned off the p2p function in Nigeria

👀 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!

🏦 The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco US Galaxy’s 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 SEC’s readiness to approve such products within the expected timelines. Filing by the SEC here https://lnkd.in/da49qvhY

🔴 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 Binance’s 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.

❗ 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

🚨 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 Binance’s disabling of P2P for Nigerian users.

🎙️ Check out Blockchain DXBs Crypto & Coffee at 8, we share our commentary on today’s macro-level news & local news that’s below

🟠 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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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28

06th May: Crypto & Coffee at 8

🟠 MicroStrategy’s Decentralized Identity protocol 🚨 Coinbase faces new lawsuit 🟠 Block‘DCA’ing’ into 🟠#BTC BTC-e, $9B money laundering

🟠 Bitcoin for Corporations May 1 — May 2, 2024

⚡ Michael Saylor announced the Orange protocol for decentralized identification, hoping to anchor digital identities in the dominant blockchain.

🟠MicroStrategy Orange Decentralized Identity protocol❗

❗ 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.

🟠 MicroStrategy published an unofficial draft of the MicroStrategy Orange specification to Github. https://tinyurl.com/2r8krcez Source via Decrypt https://tinyurl.com/3memkkxn

🚨 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

🔵Cenorship 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 “serve more people around the world faster. Important to note “less than 3% of company resources are dedicated to Bitcoin-related projects.” https://tinyurl.com/yyw4hjav

🟠 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

🟠 Two UAE news (See Slides)

⚡Cardano 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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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28

02nd May: Crypto & Coffee at 8

📊 FOMC Meeting — Intrest Unchained 🟣 Tether.to Net Profit Of $4.5B 🚨 Securitize raises $47M 🔻 NFT Sales Dip Over 31%🔻

🏦 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.

🔆 Shouldn’t Bitcoin be a safe haven against Inflation? Bitcoin & the Global Cryptomarket is down, see slides 1 & 2 below. Fear and Greed Index is Neutral — We are our commentary in our podcast today

🚨 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

💰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

🤑 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

🟠 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 DXB — 10th May 2024 Registration link via Eventbrite here https://tinyurl.com/yxma9c5h

For slides click here: https://tinyurl.com/6nr8uzxb

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⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28

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 [email protected]

01st May: Crypto & Coffee at 8
🚔 Bitcoin Jesus indicted 💰 BlackRock BUIDL — Largest tokenized Fund 🚨Coinbase integrates Lightning Network for BTC transactions ❌Wasabi Wallet and Phoenix no longer in USA 🔴 CZ 4 months prison

🚨 Bitcoin Jesus — Roger Ver arrested for alleged tax evasion and mail fraud in Spain. Roger Ver, also known as “Bitcoin Jesus,” 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 Ver’s extradition to stand trial in the United States. Check out Blockchain DXB podcast we share more information on this

💰 BlackRock’s BUIDL fund, now at $375 million, has become the largest tokenized treasury fund in just six weeks, surpassing Franklin Templeton’s BENJI. With Securitize’s support, BUIDL commands almost 30% of the $1.3 billion tokenized treasury market. Ondo Finance’s OUSG token played a significant role in BUIDL’s 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 BlackRock’s 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. It’s 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

🔴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

🔴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

🟠 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

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⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28