Dubai: Crypto & Coffee at 8: 28th June 2022 🚨 Russia Defaults for 1st time in a century but is the strongest currency in the world this year! 🚨 Would Bitcoin help the situation?
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28th June 🚨Russia Defaults for 1st time in a century but is the strongest currency in the world this year! Would Bitcoin help the situation?

Russia has Defaulted its payment for the 1st time in a century CNN article claims the West pushes Russia into its first foreign debt default since 1918 https://cnn.it/3A9fpH1 Strangely but not surprisingly Russia’s currency has soared to a seven-year high against the US dollar. Bloomberg LP article also talks about the impact here https://bloom.bg/39U4F4L

⚡Dmitry Peskov, Kremlin spokesman claims to allegations of default are incorrect as the necessary currency payment was made as early as back in May. Due to sanctions, Euroclear can’t settle any securities with counterparties. CBS article confirms Russia’s ruble is the strongest currency in the world this year! Article here https://cbsn.ws/3bmatEg

Things would be so much better when “money “is Bitcoin & Bitcoin is money. One of the core principles of Open Blockchain & Bitcoin is it cannot be Censored. Hopefully, in a decade or few, The Separation of Money & the State will happen & governments won’t be in control of the creation, management & supply of money.

🗣️ Gary Gensler “Bitcoin is a commodity” Gary Gensler chair of the Federal Reserve Board in an interview with CNBC told it as a response to a question from CNBC’s Jim Cramer. This was during a discussion on potential crypto regulation and stablecoins. Some crucial information regarding transparency on reserves & particularly Tether.to USDT Interview available on YouTube here https://bit.ly/3bxsNKX. Regulations for stable coins are 100% needed as it does operate as a bank. Some Defi protocols also offer interest rates and are very centralized in nature. Article by CNBC available here https://cnb.cx/3Npwi3d

💡⚒️Technical info Glassnode’s macro indicators state Bitcoin is at all-time lows. Some extremely technical info & charts where the report focuses on 7-day moving average ie accumulation trend score & the impact of Terra Luna’s collapse. If you are into technical analysis a must to sign up for the insights. Info here https://bit.ly/39ZQdbh

CoinShares weekly blog via Medium here https://bit.ly/3ynAaNH states a record of US$423m outflows last week while short-Bitcoin saw inflows of US$15m Important to note is outflows were almost solely from Canadian exchanges, & specifically one provider. What does this for the coming week? Listen to Blockchain DXB podcast “Crypto & Coffee at 8” where we share our insights on this & more

💥Bitcoin Magazine is launching its first European Bitcoin conference event in pursuit of hyperbitcoinization — Bitcoin Amsterdam. Hopefully, the event is not a Cringe fest like 2020 which made Bitconnect look like an official sponsor. Even will be held at the iconic Westergas venue in Amsterdam, from October 12–14 Official news here https://bit.ly/3OJaa4J.

Two UAE news: (Check slides)

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

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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