Dubai: Crypto & Coffee at 8: 🚨31st Aug🚨 🚫US Recession & impact on cryptocurrency? ⚫ USDT Black Swan? 💥 Blockchain DXB LinkedIn Audio only events in September & October
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31st Aug

🚫US Recession & impact on cryptocurrency? ⚫ Tether USDT Black Swan for Crypto?

✋🏻 Chair Jerome Powell of the Federal Reserve Board has constantly assured the people that the USA is not in recession & he may be right. The data for Employment & Labour statistic ie Demand & Supply & job market can be found via of Bureau of Labor Statistics

💸UBS though has raised the US recession odds to 60% & the analysts strongly believe the possibility of a recession in the US is increasing and this could be an important stress test for crypto. Cointelegraph article states economist Pierre Lafourcade feels the latest data showed a 94% chance of the economy contracting, but added that it “does not morph into a full-blown recession.” an interesting article on what does the recession mean for crypto prices?

👀 So what data do we look at for recession?

1. Government official data

2. Data by multi-billionaire companies & analysts?

👀 Whom do we trust with data & information?

❌ Government

❌ Multibillion-dollar companies

✅ Do your own research

❗We at Blockchain DXB strongly feel We live in a world where having loads of information is not important. Having information from 1st source is.❗

💲We strongly feel Cryptocurrencies might be heavily impacted by an economic recession but any price predictions are 100% right 50% of the time.

⚫Tether.to a Black Swan for Crypto?

The Wall Street Journal published an article that states Tether needs an audit that’s akin to a corporate colonoscopy’ & they are 100% right Article here https://on.wsj.com/3Qb3QUg the audit done by BDO Italia is definitely lacking crucial details, audit details here https://bit.ly/3pXeraz, but its still better than the 1page Pie Diagram audit they did in 2019?

⚫Tether.to has responded to Wall Street Journal ‘disinformation’ #fakenews. Blog post here https://bit.ly/3R56Nqm. It has reassured that it is committed to maintaining its role as the leading stablecoin in the market As of today out of $67.65B of stablecoins, which is 89.36% of the total crypto market 24-hour volume. USDT accounts for $51.5B

👀Our strong recommendation is to look at the audit done by BDO Italia & compare it to the audit done by Circle #USDC. Then make up your mind about which Stability you can trust. Audit here https://bit.ly/3TtDQpS The PDF version which is 783 pages long can be seen here https://bit.ly/3Rs0j4V filed with Security Exchange Commission

❓Who wins the Stablecoins race?

❓Will the FedNow project poses a threat to stablecoins & vice versa?

💥Two UAE news (Check slides for more info0

• Crypto Arabs trends number 1 in the UAE & Kuwait on Twitter

• Blockchain DXB LinkedIn Audio only events in September & October

🎙️ 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

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

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

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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