Dubai: Crypto & Coffee at 8: 🚨03rd Aug 🚨 👀 "Your Keys, Not Your Crypto” Nomad token bridge (Hack or Exploit) 👀 🙊 Michael Saylor, CEO of MicroStrategy the next Satish Kumbhani of Bitconnect? - a podcast by Blockchain DXB

03rd Aug
❗ Free-for-all ❗” Your Keys, Not Your Crypto” Nomad token bridge (Hack or Exploit)

👀 CNBC reported that Hackers drained almost $200 million in cryptocurrency from Nomad, a tool that lets users swap tokens from one blockchain to another, in yet another attack highlighting weaknesses in the decentralized finance space. While it is unclear how the hack has taken place at this point in time, the article has a good explanation here https://cnb.cx/3vuqbV6. Official tweet here by the team https://bit.ly/3BEy9yO

SEC ➕ Vitalik Buterin 🆚 Ponzi schemes ➕ Michael Saylor
Security Exchange Commission has charged 11 People in $300 million in a forage crypto pyramid and Ponzi Scheme. Official info here https://bit.ly/3oKjWJ8 11 individuals raised over $300 million from retail investors from around the world through the scheme. These schemes were purely carried out on Ethereum, Tron, and Binance blockchains. List of names in the article.

😯 In a Ponzi scheme, it’s usually the founders, early adopters are the ones who are benefitted the most. Does this resemble Bitcoin & some crypto projects too?

🙊 Michael Saylor, CEO of MicroStrategy the next Satish Kumbhani of Bitconnect Group? He has been posting a lot of incorrect & false statements via Twitter about Bitcoin & its use cases. While Bitcoin is No Ponzi but by tweeting incorrect & false information he is getting followers to buy Bitcoin & in doing so his own net value in Bitcoin increases.


💯 Game theory + Human Greed + Nature of Demand vs Supply (Fixed) is a tough problem to solve!


🤣 Vitalik Buterin has just mentioned via Twitter calling out scammers info here https://bit.ly/3zqWTYP & a few days ago another tweet addressing heroes that turn out to be total clowns? Clearly talking about Michael Saylor https://bit.ly/3SdlgSa

🚨 CBDC vs Bitcoin
The European Central Bank has released a working paper series discussing the holy grail of cross-border payments. Focuses on 4 core areas ie
1) Immediate
2) Cheap
3) Universal reach
4) Settled in a secure settlement medium, such as central bank money
As per the article, the solution may be in the next decade BUT we already have Bitcoin ie A Peer to Peer electronic cash system that is 1) Immediate, 2) Cheap, 3) Universal reach, & 4) Real-time settlement. It also eliminates the need for Central Bank Money. Interesting article here https://bit.ly/3bkyXOQ

🎙️ Blockchain DXB also has an event on the 26th of August called Central Bank Digital Currencies , The Basic, Threats to Freedom & Its role in the Metaverse While CBDC may not be ideal & no comparison to Bitcoin. It does make a perfect use case in the Metaverse. Check our website to find out CBDC vs Bitcoin info here https://bit.ly/3NR6ugQ

💥 Two UAE news: (Check slides)
- Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 26th Aug — 09th Sep
- Ethereum Beginners Guide Blockchain DXB 26th Aug

❓How does Nancy Pelosi’s visit (China vs Taiwan) impact price?🧟‍♂️

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

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

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