Dubai: Crypto & Coffee at 8: 🚨02nd Aug 🚨 ⚡Lightning Network NOT Blockchain⚡ & An NFT for NFT by Tiffany 🚨 Two UAE news🚨 - a podcast by Blockchain DXB

02nd Aug
⚡Lightning Network NOT Blockchain⚡ & An NFT for NFT, for $51,000 by Tiffany & Co.

⚡Lightning Network NOT Blockchain is a narrative slowly gaining momentum not just among Bitcoin Maximalists but also in the crypto community Glassnode’ss weekly insights highlight that total LN public capacity has now reached 4,405 #btc, which is an increase of 19% over the last two months, despite the prevailing bear market. Article here https://bit.ly/3bkZoDZ

📊Some technical + crypto market news

- Glassnode + CoinMarketCap have released a new report on how just how challenging the 2022 bear market has been for Bitcoin, and Ethereum investors report here https://bit.ly/3vwFCMJ Some interesting information in the report such as June being the worst month for #Bitcoin since 2011 & 2nd worst month for #ETH since 2018. Loads of useful information in the 23page document. PDF version here https://bit.ly/3OPkKqO

- Finance Magnates article confirms three things
- Non-Zero Bitcoin Addresses Hit All-Time High
- Profitable BTC addresses touched 25.6 million on Sunday.
- Bitcoin network activity has increased in the past few days.
Does this mean bullish times ahead? Our price predictions are 100% right 50% of the time. Article here https://bit.ly/3Jq0qLA

- CoinShares weekly blog via Medium also confirms that last week in July saw inflows the strongest this year.& July represents the strongest set of monthly inflows so far this year totalling US$474m, almost correcting all of the June outflows which totalled US$481m. This is very good news & with the Ethereum Merge date coming up on the 19th of September it could well mean the prices are on an uptrend till that date. Blog here https://bit.ly/3Bu1KLn

👀 That being said the trading volume is low. Even the 24-hour trading volume since the last 24 is low & Cointelegraph also states that Polygon gains 83% in a month, but data show the project has been losing traction. According to the article, Polygon pumped after being selected for The Walt Disney Company’s accelerator program to build AR, NFT and AI solutions. Article here https://bit.ly/3zPVnR6

💥 Bling for NFT — $51,000 (30 ETH)
Tiffany & Co. is launching a series of NFTs. The sale is set to begin on August 5 but these are exclusive to CryptoPunks holders, They posted a video via Twitter here https://bit.ly/3BvTxq3 “NFTiff” transforms your NFT into a bespoke pendant. Apart from the physical pendant, CryptoPunks holders will also receive an NFT version of the pendant. The price was set at 30ETH at the timing of writing approx. ($51,000)

🚨 Two UAE news: (Check slides for more info)
- DecentWorld launches the first 3D city environment of Downtown Dubai
- Restructuring of Dubai Municipality by Sheikh Hamdan & its impact on Blockchain & Metaverse

For slides click here: https://bit.ly/3oLv88b

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

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