Dubai: Crypto & Coffee at 8: 22nd June 2022! 🚨 Central Bank Digital Currencies NOT Crypto the future of Monetary system?👀
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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

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