Dubai: Crypto & Coffee at 8: 16th June 🚨 Largest Federal funds rate increase since 1994
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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

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