07th Sep: Crypto & Coffee at 8 🎙️
🚨Ethereum ETF by Ark + 21Shares + VanEck 🔥Genesis sues DCG, and other affiliates for $600M loans 😱FEAR (Fear & Greed Index) at 41🚔 Update on Legend Sam Bankman-Fried

🔴 Cboe Global Markets’s BZX exchange has submitted filings to introduce Ether ETFs in partnership with ARK Investment Management LLC, 21Shares, and VanEck. If approved, these would mark the first spot for Ether ETFs in the United States. The exchange officially initiated the review process by filing 19b-4 documents on Wednesday. Upon acknowledgement of these filings by the U.S. Securities and Exchange Commission (SEC), a 240-day countdown for the final decision will commence. CoinDesk article here states that Coinbase will act as the surveillance-sharing partner for both products, similar to the role it expects to play with a broad swath of spot bitcoin ETF. Article here https://lnkd.in/dnyUfJHa Filing here https://lnkd.in/dk6cb8zE

- Does this mean Ether to the Moon🚀?

❗ Genesis Global Capital has submitted legal documents asserting that Digital Currency Group (DCG) has outstanding debts of over $600 million. This includes $500 million from a specific loan and an additional 4,550 BTC owed by DCG International. The pair of filings on Thursday alleges that DCG borrowed up to $500 million across four different loans from Genesis in 2022, while DCGI borrowed 18,697.7 BTC in 2019

🚨 Important to note Genesis, filed for bankruptcy in January this year, and alleged in its Wednesday filings that DCG and DCGI are “wrongfully in possession of property” belonging to Genesis Global Capital’s bankruptcy estate.

🔥 Barry Silbert. is CEO and founder of Digital Currency Group (DCG) DCG’s biggest revenue generator: digital asset manager Grayscale Investments, As per Arkham Grayscale is the 2nd largest BTC entity globally, holding >$16B of BTC.

🎙️ Check out Blockchain DXB Crypto & Coffee at 8 podcasts where we explain this drama. We also discuss (the Fear & Greed Index) and what does it mean. Also, see slides 1 & and 2 below for a global snapshot of #defi #stablcoins and more.

🚔 Update on the legend
❗ Appellate judge denies Sam Bankman-Fried’s request for immediate release from jail. The former FTX CEO’s lawyers had petitioned the court for temporary release More info via Cointelegraph here https://lnkd.in/dvpup9Kh

❗ The motion from Sam Bankman-Fried’s lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEO’s criminal trial is set to begin in New York.

🟠 Two UAE news(See slides)
⚡ Standard Chartered Bank-backed digital asset platform, Zodia Markets
Receives In-Principle Approval as Crypto Broker-Dealer in Abu Dhabi
⚡ Dubai Centre for AI’s Accelerator Programmes attract 615 startups from 55 countries.

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

06th Sep: Crypto & Coffee at 8 🎙️
🔥 MetaMask ETH to Fiat 🚨Visa + Solana + USDC 🚨 Coinbase new crypto lending service❗ (South Korea) Hana Financial, Inc. partner with BitGo💡

🔥 MetaMask mentioned via Twitter (now X) the latest feature to sell ETH to Fiat. ‘Sell’ enables you to convert your crypto to fiat, sending the funds to your bank account. The feature is currently available in the US, UK, and parts of Europe initially supporting ETH on Ethereum mainnet, with plans to expand to native gas tokens on layer 2 networks soon. More details here https://lnkd.in/eT7mk8in Explanatory video via YouTube here https://lnkd.in/eu9b23b9

❗ Visa expands stablecoin settlement capabilities to merchant acquirers. Business Wire article states Visa, announced its next step in modernizing cross-border money movement. Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei.

🟠 Cuy Sheffield, Head of Crypto, has some really important statements about the speed of cross-border settlement here https://lnkd.in/ewf4F2NU

🔴 Coinbase has created a new crypto lending service in the U.S. for institutional clients. CoinDesk article states the platform was quietly revealed in a U.S. Securities and Exchange Commission filing on Sept. 1, which showed $57 million had already been raised for the program. Article here https://lnkd.in/exhBfzNK This latest lending service is geared toward institutions, which means regulation is less onerous on the presumption large investors have the sophistication to handle it.

💡 South Korea
❗ South Korean banking giant KEB Hana partners with BitGo which opens doors to crypto Forkast.News states KEB Hana Bank’s partnership with the crypto custodian ties one of the largest financial groups in the country to the digital asset space. BitGo is also launching an office in South Korea in the latter half of 2024. Info here https://lnkd.in/eBtKCBxA

🎙️ What does this mean for cryptocurrency adoption? Check out Blockchain DXB’s Crypto & Coffee at 8 where we share our commentary on this and the general crypto market. Also, see slide 1 & 2 below for a global snapshot of #defi #stablecoins and more

🟠 Two UAE news (See slides)
⚡DIFC completes first Metaverse Accelerator Program aligned with digital tech mandate
⚡ Expo City Dubai Launches region’s first AI film festival

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

06th Sep: Crypto & Coffee at 8 🎙️
🔴Australia Senate Committee Rejects Crypto Bill ⚡LSEG (London Stock Exchange Group) to Use Blockchain, 💰Tax in the Metaverse? ⚽Christiano Ronaldo NFT via Binance

🔴Australia’s Senate Economics Legislation Committee rejected “The Digital Assets (Market Regulation) Bill 2023” introduced by opposition senator Andrew Bragg, recommending instead that the government “continue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.” wants to prepare the country for the widespread use of China’s central bank digital currency, the digital yuan, according to a draft digital assets bill introduced on Monday. His bill is here https://lnkd.in/didPwxF4 More info via CoinDesk here https://lnkd.in/dA_qX2jM

🔵 He proposes strict reporting requirements for banks that could potentially make the digital yuan available for use in Australia.

❗ Do we require legislation & and regulation for crypto?

🟢 Gulf News article also states effective August 31, all cryptocurrency businesses in Dubai come ‘VARA-certified’ https://lnkd.in/dNffgQ7a Manoj Nair

🟠 Bitcoin was created as a movement towards the Separation of Money and the state. While regulations may sound good, it defeats the entire purpose of using cryptocurrencies.

🟥 Regulations and frameworks are needed for centralized services such as Exchanges to ensure investor and customer funds are protected. The least involvement in underlying protocol and technology would be the best form of support for the future of cryptocurrencies.

🎙️ Check out Blockchain DXB Crypto & coffee at 8 podcast on this

🔵 Finance Magnates is reporting that LSEG (London Stock Exchange Group) to Launch a Blockchain-Based Trading Platform
- The Head of the London Stock Exchange is to lead the new project.
- If LSEG receives regulatory approvals, the service will launch next year.
❗Conversation with Murray Roos, the Head of Capital Markets at the LSE Group here https://lnkd.in/dPS-CGXz

💡 Harvard Law School and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”
💡 The paper is here https://lnkd.in/d5-Y5CSw More info on this here https://lnkd.in/dZQCZaEU

- Transactions recorded 100% on Blockchain make it easier to tax in the Metaverse.
- Tax Auditing can be done in real-time
- Rather than using Cryptocurrency, CBDC may be an ideal form of payment and medium of transfer in the Metaverse

🐐 Ronaldo teases NFT plans while on a lie detector test More info Binance’s YouTube channel here https://lnkd.in/d8ZkC77C Great promotion for sure

🟠 Two UAE: (See slides)
⚡ Unifonic unveils state-of-the-art AI at Seamless Saudi Arabia, elevating customer experiences to new heights
⚡ Saudi Data body and Google Cloud to train 1,000 women from 28 countries in AI

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

04th Sep: Crypto & Coffee at 8 🎙️
🚨Bitcoin Spot ETF update! 💡France conducts checks on Worldcoin 🟢MakerDAO on Solana❓ Robinhood to buy back SBF’s Stake for Over $605M

🟥The U.S. Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications filed by applicants including BlackRock, WisdomTree
, Invesco US Galaxy, Wise Origin, VanEck, Bitwise and Valkyrie Digital Assets earlier this year, according to agency filings on Thursday. Info via CoinDesk here https://lnkd.in/dwr2ZAwf

🔻 This has definitely crashed the price of #BTC & #crytocurrency It’s important to note the SEC has a total of 240 days from when it first begins its review of the applications to make a final decision to approve or deny.

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcast where we share our opinions on it. Also, see slide 1 & 2 for global snapshot on #defi, #stablecoins

🌏Worldcoin
Bitcoin.com has reported that The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer OpenAI. Info https://lnkd.in/dqp7zUVB

❗ Makerdao on Solana?
🟢 MakerDAO cofounder Rune Christensen has proposed building the upcoming native chain for the decentralized finance project off of a fork of Solana’s codebase instead of the Ethereum Virtual Machine. Christensen believes that Solana’s codebase is the most promising option due to its technical quality, proven resilience, and existing examples of successful forks. The new chain, called NewChain, will serve as a backend for MakerDAO’s SubDAO tokenomics and governance security. More info here https://lnkd.in/d-JM2fKZ

🟢 MakerDAO’s native chain, dubbed “NewChain,” is part of the fifth and final phase of the MakerDAO “Endgame” upgrade announced in May. The final phase is expected to take around three years to complete, and it will see the full re-implementation of the Maker protocol into a new stand-alone blockchain. Detailed plans here https://lnkd.in/dMcqd2Qh
 

🔴 Bitcoin.com has reported that Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S. government after the bankruptcy of SBF’s businesses. The stock was seized after FTX and Emergent filed for bankruptcy in 2022 and later transferred to the custody of the U.S. government, Article here https://lnkd.in/dYjbd9tt

🟠 Two UAE news (See slides)
⚡ TDeFi | Web3 Incubator & Consulting to offer $100,000 to selected Web3 startups as part of the accelerator at DMCC Crypto Centre
⚡ Central Bank Digital Currency: The Basics, Threats to Freedom & Role in the Metaverse 28th September

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

31st Aug: Crypto & Coffee at 8 🎙️
❌Binance to send BUSD by 2024 🔥Robinhood adds Bitcoin and Dogecoin 🚨Crypto bank Seba gets approval in KH 🔴Tether.to USDT working with Bahamas bank

🔥 Stablecoin War
❌ Binance has announced plans to delist eight Binance USD (BUSD) trading pairs as the company looks to withdraw full support of the stablecoin by 2024. Official info via blog here https://lnkd.in/ddhXh9yX

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts to get our commentary on it. See slide 1 & 2 to get global snapshot and volumes on #DAPPS, #Defi, #stablecoins and more

❌ NEWSBTC also reported that Binance plans to terminate its support for its native BUSD stablecoin by 2024, urging users to convert the token to other crypto assets. This development was revealed via a pop-up notification on the exchange’s mobile app. https://lnkd.in/dpNqsntY

❗ Who wins the war on stablecoins
- Tether.to USDT
- Circle USDC
- Binance USDC

⚡ Can transactions via stablecoins be censored?
⚡ Do Stablecoins follow the principles of Open Blockchain?
⚡ Are stablecoin issuers acting in the role of a Bank?
 

🔥 Robinhood added wallet support for bitcoin (BTC) and dogecoin (DOGE), increasing the breadth of its crypto wallet beyond the Ethereum ecosystem.
All users of the Robinhood wallet can now send and receive BTC and DOGE, the company said in an emailed statement. It said its six-month-old wallet has hundreds of thousands of users spread across 140 countries.

❗ Robinhood Crypto General Manager Johann Kerbrat mentioned via Twitter https://lnkd.in/dSxZhbwa ETH swaps will become available to everyone in the coming weeks Blog here https://lnkd.in/dRvzjQ6e

🔴 Arkham Intelligence has identified Robinhood as the owner of the 5th largest ETH wallet, holding 2.54 billion ETH. Info via tweet here https://lnkd.in/dY9EDw4Q

🚨 DailyCoin has reports that The Hong Kong Securities and Futures
Commission (SFC) has awarded Swiss bank Seba’s local subsidiary with an
approval-in-principle (AIP) to offer digital asset services in the country.
Info here https://lnkd.in/dFpGuZdy & article by Daily coin here
https://lnkd.in/dyBcyZiC

🚨 Bloomberg is reporting that Tether.to is now banking with Britannia Bank & Trust which is a privately held bank in Bahamas. Bloomberg journalists Yueqi Yang and Olga Kharif spotlighted Tether’s new partnership with the privately held Bahamas-based Britannia Bank & Trust for its banking services. This revelation surfaces amidst challenges cryptocurrency firms face in clinching banking affiliations within the U.S. The article also discusses how Stablecoin issuer faces long-standing questions about reserves https://lnkd.in/dAqnrVaM

🟠 Two UAE news: (See slides)
⚡ First Abu Dhabi Bank (FAB), Magnati collaborated with geidea to accelerate digital payments in Saudi Arabia
⚡ Commercial Bank of Dubai and PwC to collaborate on AI

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

30th Aug: Crypto & Coffee at 8 🎙️
🚨 Grayscale big court win against SEC 🔥CoinSwitch & CoinDCX cut staff ❌Pepeoin rug pull?❌ ⚡Circle launches USDC in Chile + and will launch natively on the Coinbase Base network.⚡

🔴 Grayscale Investments has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC). Because of this news, Bitcoin has surged & global crypto market is up by $50B

- Does this mean Spot Bitcoin will be approved? Not Yet!

❗ The U.S. District Court, District of Columbia Court of Appeals has ruled in favour of Grayscale, overturning the SEC’s lawsuit and potentially bringing the company one step closer to achieving Bitcoin Spot exchange-traded fund (ETF) status Official info here https://lnkd.in/dKPSni26

❗ James Seyffart, CFA, CAIA has put a series of crucial tweets with images here https://lnkd.in/dy_r92Mr explaining what it means and spot Bitcoin ETF may be one step closer. Also As far as appeals go, the SEC has 45 days to file for an en banc hearing.

❗ CoinDesk has a great article The Real Reasons the Grayscale Bitcoin ETF Decision Matters a good read here https://lnkd.in/dmPj4GX9 Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts to get our commentary on this

🔥 You’re Fired
Tiger Global-backed crypto startup CoinSwitch has laid off 44 employees from its customer support team in August, citing redundancy in roles as customer queries have gone down amidst a drop in crypto trading volumes. This comes less than a week after peer CoinDCX laid off about 12% of its employees. News via moneycontrol.com here https://lnkd.in/dpvpjJuT According to LinkedIn, the firm employs 730 people.

❌ Pepecoin: Rug pull
- Cointelegraph article here states several rogue Pepecoin developers 
changed the number of signatures required to move tokens from their multi-sig wallet from five out of eight to two out of eight. Then, they sent $16 million worth of PEPE to crypto exchanges, suggesting they wanted to sell. Article here https://lnkd.in/d9pF7eCj

❌ What do you think is the future of Pepecoin and Memecoins? Market analyst Nebraskangooner suggests that PEPE’s price could soon plunge to near zero due to a descending triangle formation on the four-hour chart.
 

🚨 Circle USDC
⚡ Jeremy Allaire Co-founder of chairman of fintech company Circle tweeted they are teaming up with Mercado Pago to Introduce USDC to Chile Customers Blog here https://lnkd.in/d9r82DkJ They are part of Mercado Libre, the Amazon of LATAM with 200M users

⚡ He also mentioned via Twitter that the Native $USDC will be built on the Coinbase Base platform coming next week. #StableSeptember. To know more about Native USDC on Base see here https://lnkd.in/dBVypG2p Check out our episode we explain this in detail

🟠 Two UAE news (See slides)
⚡ Abu Dhabi launches virtual reality Yas Island tours using Roblox
technology
⚡ Mastercard opens Global Centre for Advanced AI and Cyber Technology in Dubai

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

29th Aug: Crypto & Coffee at 8 🎙️
🚨Moneygram embraces Blockchain? ⚡OKX and Bybit removes sanctioned Russian banks 🔴 SEC fines Impact Theory $6M 🟠India’s PM calls for global Crypto Framework

🚨Stellar invests in MoneyGram International to accelerate digital innovation. Stellar, a cross-border crypto payments network, has announced its investment in the major money transfer firm MoneyGram International. The Stellar Development Foundation revealed it had become a minority investor in MoneyGram using funds from its own cash treasury. Official news via the blog here https://lnkd.in/dQr_uuea

❗ The Stellar Development Foundation will also get a seat on MoneyGram’s Board of Directors.

⚡ Russia Sanctioned Banks
🔻 OKX and Bybit remove sanctioned Russian banks from the payments list
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on Bybit and OKX. According to Russian media, local users can no longer receive fiat money in exchange for their crypto on Tinkoff Bank or Sberbank accounts on the P2P platforms of OKX and Bybit. Cointelegraph article states at the time of publication, OKX still allows users to receive fiat to their accounts of the Russian branch of Raiffeisen Bank and the Russian Standard Bank. Both financial institutions aren’t included in the list of entities under sanctions by the U.S. Department of the Treasury Article here https://lnkd.in/dECeTf8V

🎙️ Check out Blockchain DXB Crypto & Coffee at 8 podcast. Where we share our commentary on this. Also, See slides 1 & and 2 for a global snapshot of the crypto market.

🔥 U.S. Securities and Exchange Commission fines Impact Theory over NFTs Sold as Securities. The company has also been ordered to destroy all the Founder’s Key NFTs as a result of the settlement. Official press release here
https://lnkd.in/d9HRUNbP Impact Theory was co-founded by social media influence and entrepreneur Tom Bilyeu. And Decrypt article at the time of writing states Founder’s Key collection was still live on OpenSea. https://lnkd.in/dBmbmJ8q
 

❗ India’s PM Narendra Modi has called for a global Crypto Framework. In an interview with Business Today. He stressed that crypto needs “a global framework and regulations.” He stressed the need for A global consensus-based model. We at Blockchain DXB definitely do not agree as over a period of time it lets the state dictate and govern the future of cryptocurrencies, Check out our episode for commentary on this. Source via Bitcoin.com here https://lnkd.in/dyBcwqpE However we could not find any interview of Prime Minister Narendra Modi in an interview with Business Today

❓ Wouldn’t it be best if the growth of Bitcoin & Shitcoins are left organic?

🟠 Two UAE news (See slides)
⚡ Dubai to Host the First Ever Metaverse Architecture Biennale UAE’s
⚡ Phoenix Group links up with Green Data City to start a $300m crypto farm in Oman.

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⚡ The Race Space Podcast

🎙️ Instagram: @theracespoacepodcast

Podcast Host: @am_aminoo_

Podcast Host: @george_crewe

Podcast Host: @black_incarnation

🚨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td

⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d

⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

Blockchain DXB Podcast + Tim O'Brien

Web3.0 Unveiled: Navigating Sprynt's Journey to Empowerment.

Guest: Tim O'Brien,

Host: RA George, Blockchain DXB

Date: 28th August

Recording Session: Google meet

Contact details for Tim O'Brien

 LinkedIn: https://tinyurl.com/2p8cn8va

 Sprynt:

Website: https://www.sprynt.io/

Telegram: https://t.me/Spryntio

Discord: https://tinyurl.com/yckc2rr4

Twitter: @sprynt_io  https://twitter.com/sprynt_io

App: https://app.sprynt.io/

Lite paper: https://tinyurl.com/2u94dc2m

Fuxilabs

Website: https://fuixlabs.com/

LinkedIn https://tinyurl.com/4cs4ex5e

Commonlands

Website: https://www.commonlands.org/

Twitter: @commonlands_org https://tinyurl.com/2mvwzxa9

Youtube: https://tinyurl.com/2ushjuxj

LinkedIn: https://tinyurl.com/bdffp93y

Summary of the conversation

Thank you for the podcast.

For feedback or suggestions send us an email at [email protected]

28th Aug: Crypto & Coffee at 8 🎙️
🔴 Ray Dalio’s Ideal Digital Coin ❌Joe Biden’s crypto tax reporting❗ ⚡Binance delists Russian Banks 🔻Worldcoin by 50% ⚡Pepecoin: Insider trading

🔴 Legendary Ray Dalio Founder of Bridgewater Associates does not think Bitcoin or stable coins are The Ideal Digital Coin? An Inflation-linked coin would give individual buying power. Snippets of his interview via YouTube are here https://lnkd.in/dgqjNaeH

🚨 Biden & Crypto
❗ The Internal Revenue Service (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would use a new form to make tax filing easier and prevent cheating on taxes. The 282-page document is here https://lnkd.in/drD8zwc4

🔥There’s no future for crypto in the US if Biden is reelected.Ryan Selkis, founder & CEO of Messari mentioned via Twitter here https://lnkd.in/dEDVud7y even the U.S. House Committee on Financial Services Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.” Christopher Perkins of crypto venture firm CoinFund holds the view that other countries have surged ahead of the U.S., and these rules will inevitably result in reduced innovation flowing into the country. Info via Cointelegraph on this here https://lnkd.in/dc79H-HD

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcast where we share our commentary on this. Also see slide 1 & 2 to get global snapshot of #defi, #stablecoins and more

🟠 Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service CoinDesk has reported that Russian users of Binance were able to move money abroad through the service, which could present legal challenges for the exchange. This is due to a regular update of its system to comply with local and global regulatory standards and sanctions rules, Binance said. Article here https://lnkd.in/dc8aftrm

❗ Isn’t it strange a Central entity can delist? Peer-to-Peer Service ❗

🌏 Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. It is down by 50% NEWSBTC article states the crash was caused by mounting data privacy paranoia. The project’s use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws.https://tinyurl.com/yc8rk432

🚨 Pepecoin: Insider Trading
On-chain analyst Yazan reports insider selling of PEPE holdings, with around 400 billion PEPE sold, aligning with Pauly’s team exposure. Cointelegraph article here states In an Aug. 26 update, Pauly (influencer) disclosed that the Pepecoin team possesses approximately $16–17 million in PEPE tokens distributed across nine wallets. Tweet here https://lnkd.in/dbbWipgH

🟠 Two UAE news (See slides)
⚡ BitOasis secures new investment from CoinDCX, India’s preferred and most valued crypto exchange.
⚡ VARA Releases Staking from Custody Services Rules

For slides click here: https://tinyurl.com/mu5cp7uv

LinkedIn Profile: https://tinyurl.com/569zh78j

To help support his channel:

☕ Buy me Coffee ☕

🚨 Link here https://www.buymeacoffee.com/info36/w/6987

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⚡ The Race Space Podcast

🎙️ Instagram: @theracespoacepodcast

Podcast Host: @am_aminoo_

Podcast Host: @george_crewe

Podcast Host: @black_incarnation

🚨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td

⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d

⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon

24th Aug: Crypto & Coffee at 8 🎙️
⚡Shopify + Solana for payments 🚨 Tornado Cash co-founders charged, 🔴Bitcoin Mining Difficulty new ATH🚀Bitcoin Exchange Reserve Bitstamp ends Ethereum staking for US Investors❌

⚡Solana Pay integrates a plug-in with Shopify for Circle USDC payment. The article also states Shopify accounts for 10% of total U.S. e-commerce and $444 billion worth of global economic activity, according to its website. The Solana ecosystem has over 11.5 million active accounts. Article here https://lnkd.in/dZe8eaM6

🚀 SOL is up by 7.10% since the last 24 hours
❕ Solana Pay has been adopted by big crypto names like Circle and Phantom as well as payment processors like Checkout.com and CITCON.

❗ Tornado Cash Founders Charged With Money Laundering And Sanctions Violations.
🔥 Roman Storm and Roman Semenov Charged with Operating the Tornado Cash Service, Laundering More Than $1 Billion in Criminal Proceeds Official news here https://lnkd.in/ddATWsr2 Check out our episode for yesterday via Spotify here https://lnkd.in/dv5Befxz we go ahead and explain the drama and it today’s episode we provide an update on the case.

❗ Official news here via United States Attorneys’​ Offices of New York here https://lnkd.in/ddATWsr2 &U.S. Department of the Treasury here https://lnkd.in/dAztbe-h

- What does this mean for the future of DAO?
- What does it mean for similar privacy-preserving protocols

📊 According to data from Coinwarz, the Bitcoin mining difficulty is at 55.62 TH/s after the recent dump in BTC price. BeInCrypto states Despite the 12% correction in Bitcoin (BTC) prices, the mining difficulty has reached an all-time high, and the balance in miners’ wallets continues to increase. Article here https://lnkd.in/dj_8iJyn

🚨 Does an increase In Hash Rates reflect high investor confidence In Bitcoin?

🔴 CryptoQuant states Bitcoin exchange reserves have registered a large increase. Info here. The article here https://lnkd.in/dpk_mZGg states reserves on Coinbase, and Binance are up. this trend can cause bearish implications for the cryptocurrency’s price.. This just means people may be willing to sell their #BTC.

❌ Bitstamp ends Ethereum staking for US Investors. The decision it due to “regulatory dynamics” in the States. The reason is down to regulations involving the service currently in the States. Bitstamp’s U.S. CEO and global chief commercial officer at Bitstamp Bobby Zagotta said some interesting but not surprising things to Decrypt. Article here https://lnkd.in/dgKFXNHT

🟠 Two UAE news (See slides)
⚡ Metaverse: The Hype, Reality & New World Order by Blockchain DXB 31st August Register via Eventbrite here https://lnkd.in/db6kUYzK
⚡ PESTLER analysis on Bitcoin on 31st August (Political, Economical, Social, Technological, Legal Environmental, Religious ) session by Blockchain DXB Registration link here https://lnkd.in/dGJWeHUc

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

LinkedIn Profile: https://tinyurl.com/569zh78j

To help support his channel:

☕ Buy me Coffee ☕

🚨 Link here https://www.buymeacoffee.com/info36/w/6987

🚨 Link here https://www.buymeacoffee.com/info36

⚡ The Race Space Podcast

🎙️ Instagram: @theracespoacepodcast

Podcast Host: @am_aminoo_

Podcast Host: @george_crewe

Podcast Host: @black_incarnation

🚨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td

⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d

⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon