Dubai: Crypto & Coffee at 8: 🚨24th Aug 🚨 ⚫ Nike “the woke” retail giant records $185M profit in NFT Sales! -👮🚔 Dubai Police HQ to issue lost passport certificate within 24 hours using Blockchain.
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24th Aug ⚫ Nike “the woke” retail giant records $185M profit in NFT Sales!

🤑 Watcher Guru mentioned via Twitter that the performance by Nike had outperformed DOLCE&GABBANA, Tiffany & Co. Gucci & adidas. Tweet here https://bit.ly/3R0A9G2 Source via Dune here https://bit.ly/3ACAfxh DOLCE&GABBANA at 2nd with only $25.65M in revenue. Important to note is that Nike revenue includes CloneX sales and royalties pre-acquisition, as it more accurately reflects overall performance.

❓ Two NFT questions

1. Are NFTs Art or Altcoin?
2. Does fractionalization of NFT lead it to be a Security?

• Finance Magnates has a great debate on whether NFTs are simply altcoins with pictures. Article here https://bit.ly/3CpuLs7 & has some interesting points by Cobie via Twitter here https://bit.ly/3wqLgjO

• Blockpit AG has a great article called The Rise and Risks of Fractionalized NFTs, info here https://bit.ly/3Ked2pn It also talks about If Fractionalized NFTs were regulated as securities, how would it affect investors? More info via Yahoo Finance here https://yhoo.it/3CAjpkS

📊 See slide No for info on the Cryptocurrency market. Inflation numbers are going to be released by the Federal Reserve Board this week. Will this have an impact on the price of Bitcoin & Cryptocurrency?

🎙️ Listen to our Podcast here 🎙️ Anchor: https://bit.ly/3Po8eio Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Anghami: https://bit.ly/3AiLNp5

💥 CoinDesk reports that bankrupt crypto lender Celsius sues Prime Trust for over $17M in tokens. The article does mention that Prime Trust cancelled its relationship with Celsius in June 2021 over “red flags, Info here https://bit.ly/3dNtP6y Cointelegraph has an article linked to the news that states why Celsius, Three Arrows Capital Limited demonstrated why more financial activity needs to be on-chain, the article talks about how on-chain data gives us insight into market events https://bit.ly/3PKDAzC. A quick reminder to the very 2nd line of the Bitcoin White paper ….but the main benefits are lost if a trusted third party is still required to prevent double-spending

💥Crypto.com leading the way! It becomes the first cryptocurrency platform to achieve SOC 2 … (SOC) 2 audit, conducted by globally recognized audit and consulting firm Deloitte They recently completed the SOC 2 Type II compliance audit, done by Deloitte & it was completed shortly after the firm gained approval from the Financial Conduct Authority in UK #compliance The audit includes a long-term analysis of the company’s security, design & safeguards over an extended period of time also provide assurance to both existing and future customers that their data is safe. Official news here https://bit.ly/3KhKGL5

💥2 UAE news (Slides)

• Dubai Police HQ to issue lost passport certificate within 24 hours using Blockchain.
• W Motors ventures into the Metaverse to create an immersive experience around their hypercars

For slides click here: https://bit.ly/3dH0quE

LinkedIn Profile: https://bit.ly/3AAN504

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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