Dubai: Crypto & Coffee at 8: 🚨30th Aug🚨 🚫FedNow to be launched in 2023 & will act as 🩸#HODL for fiat currencies? + Meta has just announced they are introducing the ability to NFT
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30th Aug

🩸The greatest meme of money is the $USA! 🚫FedNow to be launched in 2023 & will act as #HODL for fiat currencies?

🔻The value of the US dollar has lost more than 96% of its purchasing power since the creation of the Federal Reserve in 1913 But despite $USA losing its value over time, it is still the best-performing Fiat currency. The DXY Dollar Index has punched up to a new twenty-year high above 109.30.

👀The Federal Reserve Board updates FedNow Service timing to mid-2023, marking the beginning of full-scale pilot testing. Info here https://bit.ly/3e5FttH. Info about FedNow can be seen here https://lnkd.in/dEQ9aADh Loads of useful content on this. Vice Chair Lael B. has released a video, which states FedNow Service will be launched between May and July of 2023. Info here https://bit.ly/3AXf22o available here https://bit.ly/3wAL3KU Esther George, Ken Montgomery & Lael Brainard has an old video from 2020 on YouTube https://bit.ly/3wDMZCm but it does provide some useful information

❓❓Where does Bitcoin fit into the monetary system? The Separation of Money & the state will happen but will Central Bank Digital Currencies act as a HODL for Fiat Currencies? The current market share of Bitcoin is currently at $386 Billion a ridiculously low amount to be a threat to the $USA & for money

⚡ Will the FedNow work alongside Bitcoin & Cryptocurrencies?

⚡ Can FedNow post a threat to Bitcoin & vice versa?

⚡ Do we need stablecoins if FedNow gets mainstream?

⚡ What will be the Role of FedNow in the Metaverse?

🛠️Glassnode weekly insights mention that Bitcoin is barely hanging on. With loads of technical analysis it mentions that In aggregate, Bitcoin investors are realizing around $220M/day in net losses. Looks like the bulls are fighting an uphill battle. Info here https://bit.ly/3TtkC3N

🛠️CoinShares weekly blog via Medium states the market volumes remain very low. Bitcoin saw a third consecutive week of outflows totalling US$15m While Ethereum saw weekly inflows totalling US$3m. Ethereum has seen a 9-week run of inflows totalling US$162m Info here https://bit.ly/3CGEbiV

🎨🎭 Meta has just announced they are introducing the ability to post digital collectables ie NFT across Facebook and Instagram & one can now connect their digital wallet to either app to share their #NFTs on both. Official info via Twitter here https://bit.ly/3KwbEib

💥 Two UAE news: (Check slides )

💡 VARA issues regulations governing virtual assets marketing as the foundation for safe market participation Dubai World Trade Centre

💡 UAE’s Virtuzone to accept cryptocurrency payments via Binance Pay

For slides click here: https://bit.ly/3Kv8ATi

LinkedIn Profile:https://bit.ly/3dZ7Mtv

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