Dubai: Crypto & Coffee at 8: 🚨01st Aug 🚨 💥Stablecoins a safe haven during Inflation? ➕ Few questions regarding Stable coin! + 👀 Not your Keys Not your Crypto 👀
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01st August 🚨 Are Stablecoins a safe haven during Inflation? ➕ Few questions regarding Stable coin!

📊 The 24 hr volume accounts for over 94.% of the total crypto market’s 24-hour volume & the amount in terms of $$$ since the last 3 months is ridiculously low Check out slide no 2 to get a detailed breakdown & our podcast to get more analysis & commentary on it.

⬆️ The volume of Defi has gone up for the last 24 hours. Total Value locked in Defi at $90.18B source https://defillama.com/

USDC 🆚 USDT The 24hr volume of Tether.to USDT has been on a decline The 24hr volume of Circle USDC has been on an incline

💡 Bank for International Settlements — BIS report states that Banks’ cross-border claims rose by $1.4 trillion over the first quarter of 2022, Report here https://bit.ly/3Jkwtwj & detailed information can be found here https://bit.ly/3vsUT0M Can these claims be reduced to 0 if the transfers were done by #Bitcoin? Can it be reduced by over 80% if done by stablecoins?

❗Few questions regarding stablecoins❗

• Are stablecoins Censorable?
• What is the main purpose of using stablecoins? Safe Haven or Transfer
• Can CBDC pose a threat to stablecoins?

👀 Not your Keys Not your Crypto 👀

🔻Babel Finance has lost over $280 million in proprietary trading with customer funds. The Block has reported that Babel Finance lost 8,000 BTC and 56,000 ETH in proprietary trading with customer funds, according to a restructuring proposal deck obtained by The Block. The firm is now seeking to convert hundreds of millions of dollars of debt into equity and raise more funds in a revolving credit facility, per the deck. Article here https://bit.ly/3BvaTDx

🔻 Zipmex filed for bankruptcy! Finance Magnates reported that Zipmex a Singapore-based cryptocurrency exchange filed for bankruptcy protection in Singapore & earlier in the month & suspended all withdrawals citing market volatility and other uncertain conditions behind the move. Article https://bit.ly/3SbeCMi

💯 “Democratizing Open Knowledge” Harvard University and Filecoin Foundation are working on a Decentralized web plan to preserve digital information Official info here https://bit.ly/3vsh6fF Great move for sure but the image on the website is wrong. Intentions are right but the image uploaded is wrong, interchange of words & image. Ideally should be Distributed web plan. They are doing this in a partnership with Library Innovation Lab a forward-looking group of thinkers and doers working at the intersection of libraries, technology, and law.

💥Two UAE news:

• FTX wins full approval to operate a crypto exchange in Dubai
• Dubai Blockchain Center and Chaintech to foster blockchain tech in GCC Marwan Alzarouni

☕Crypto & Coffee at 8☕ Check out our podcast to get a detailed analysis. Podcast available here Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes/Apple: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0

For slides click here https://bit.ly/3OH520M

LinkedIn Profile: https://bit.ly/3BziTDl

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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