Dubai: Crypto & Coffee at 8: 🚨11th Aug🚨 🤨 Midterm elections & Inflation slows down. 🚨Bidenflation 8.5% 🦹🏻♂️ 2022: Year of hacks & exploits another exploit in Crypto & 🥶 2022 for Coinbase 🥶
Blockchain DXB
Shownotes Transcript
🤨 Midterm elections & Inflation slows down. 🚨Bidenflation still at 8.5% Official information on the Consumer price index (CPI) for July 2022 via the Bureau of Labor Statistics here https://bit.ly/3Pf46ku.
❓How does this impact Bitcoin & Cryptocurrencies?
🖨️ With excessive money printing, thanks to the Inflation Reduction Act, Mid Term elections & The Merge Date of Ethereum are a little
over a month away the price of Bitcoin & Crypto market has pumped. Seeking Alpha also has an article that mentions Bitcoin spikes after softer July CPI fuels less aggressive Fed-hike bets Article here https://bit.ly/3ptjlMp
❗ This is not ideal for the long-term development of Bitcoin as means to create separation of Money and the state. News such as these should not affect the price of #BTC in positive or negative ways.
U.S. Securities and Exchange Commission & the U.S. Commodity Futures Trading Commission have proposed requiring large advisers to certain hedge funds to report any exposure to digital assets. As per Cointelegraph’s article, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers to private funds of at least $500 million. Article here https://bit.ly/3dnhllK & official source here via Twitter https://bit.ly/3dmKgXk for the latest updates on this u can check the info here https://www.sec.gov/
Coinbase 🥶
The first half of 2022 has not been ideal & Coinbase has posted Over $1 Billion in Losses in Q2 2022 & they also saw a 64% drop in retail transactions revenue Official news via shareholder letter that you can download here https://bit.ly/3vWDrSy The letter also talks about a June headcount reduction of 18% or approximately 1,100
employees were made redundant. A lot more information in the 30-page document.
CoinDesk has also reported that Coinbase Exchange faces an SEC probe over crypto yield, and staking Products. Info here https://bit.ly/3AdsVcf Will the partnership with BlackRock generate a positive outcome for Coinbase?
🦹🏻♂️ 2022: Year of hacks & exploits
Curve finance and on-chain liquidity using advanced bonding face an exploit the incident was flagged online by a number of members of the wider cryptocurrency community. The attackers managed to clone the Curve Finance website and rerouted the DNS server to the fake page. Unfortunately, users who attempted to make use of the platform then had their funds drained to a pool operated by the attackers. Approximately $537,000 worth of USD Coin has been lost Great explanation by Cointelegraph here https://bit.ly/3QeWNuw
They retweeted on the 10th Don’t use the frontend yet. Investigating! info here https://bit.ly/3QwxHXC & the tweeted 8 hours ago that hacker’s site is already down.
💥Two UAE news: 👀Slides below
PwC Middle East launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation Mahmoud Al-Salah
Blockchain Economy Summit is scheduled for October 4–5, 2022 in Dubai, UAE
For slides click here: https://bit.ly/3JJGOlJ
LinkedIn Profile: https://bit.ly/3SLoTiG
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
#blockchaindxb #blockchain #blockchaindxb #bitcoin #innovation #digital #community #canada #community #opensource #mining #socialmedia #dubai #project #cryptocurrency #news #blockchaindxb #blockchain #bitcoin #cryptocurrency #bank #blockchaindxb #bitcoin #blockchain #banking #bank #technology #blockchaindxb #cryptocurrency # #blockchain #finance #blockchaindxb #fintech #cryptocurrency #btc #blockchaindxb #crypto #cryptocurrency #fintech #blockchain #people #blockchaindxb nft #doge #blockchain #cryptocurrency #news #blockchaindxb #podcast #btc #nft #doge #blockchain #cryptocurrency #crypto #blockchaindxb #blockchain #cryptocurrency #blockchaindxb #blockchaindxb #btc #blockchaindxb #realestate #technology #blockchaindxb #metaverse #news #podcast #experience #hiring
Bitcoin a