Dubai- Crypto & Coffee at 8: 07th June 2022
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07th June 💡2nd Line of Bitcoin white paper…….. the main benefits are lost if a trusted third party is still required to prevent double-spending.

✋🏻Basic but so critical, yet many “Blockchain” start-ups fail to appreciate & realize the power of a fully distributed system. A peer-to-peer electronic cash system!

💥Centralized Blockchain such as Solana can easily switch off their systems. The same is applicable for Central Bank Digital Currencies (CBDC) maybe even more ie track your transactions, close bank accounts, confiscate & more. Atlantic Council has released a CBDC tracker that shows over 105 countries are exploring. Info here https://bit.ly/3MpC58p Bitcoin.com article states that Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says CBDCB could kill cryptocurrencies article here https://bit.ly/3NR6ugQ . Check out the session by Blockchain DXB where we discuss Central Bank Digital Currencies: The Basics, Threats to Freedom & Metaverse.

😱Failed experiment: Legal Tender In El Salvador, a recent survey https://bit.ly/3Msv4Ui by the University Institute of Public Opinion of the José Simeón Cañas Central American University found that more Than 70% of citizens believe the Bitcoin Law has not improved their personal finances. Should they have implemented stable coins instead?

⚡NFT hype over? Cryptoslam.io reveals that NFT sales have dropped 65.43% since last month Google queries are also on a downtrend & data indicates that interest in NFTs has dropped to the lowest point since the first week of October 2021 Bitcoin.com has a brilliant & detailed breakdown of this here https://bit.ly/3mhEM19 The trend in #Btc, #blockchain, #cryptocurrency world is as below

2008: Bitcoin is a scam 2013: Internet Money 2015: Blockchain NOT Bitcoin 2017: ICO ( Initial Coin Offering) 2019: DeFi 2020: NFT 2021: NFT + Metaverse (last quarter thanks to Meta) 2022: Metaverse + CBDC

⚒️Technical Market Info Glassnode report indicates a stressful situation for #BTC miners & #Hodlers as investors are now holding unrealized losses.

• Mining Difficulty 🔺
• Miner Revenue 🔻 The report also talks about long-term holders facing losses Cumulative Realized Loss & more here https://bit.ly/3xnv4ka

CoinShares blog on Medium confirms that Inflows totalled US$100m last week, with investors focussing on Bitcoin. Could these mean bullish times ahead? Probably the 2nd half of 2022 is more positive for Bitcoin? Ethereum (AKA 1st world computer)continues to suffer from outflows totalling US$32m .9 straight weeks of outflows. Blog here https://bit.ly/3asJ5Eb

⛔It’s critical to understand the fundamentals & technical analysis. Don’t Trust Very as some key people also provide misleading information! Bitcoin price predictions are 100% right, 50% of the time.

For slides click here:https://bit.ly/3NVUxH0

Two UAE news: (Check slides) 💥Crypto.com Gets provisional approval from Dubai Regulatory Authorities 💥DAMAC Properties completes $50m in crypto deals

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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