Dubai: Crypto & Coffee at 8: 🚨 07th Nov 🚨 🔴🔵🟠 Midterm elections in USA & Crypto what is the implication 🥶 Coinbase Crypto Winter ⚡ ADNOC Group and Siemens Energy working on Blockchain Project - a podcast by Blockchain DXB

07th Nov
🔴🔵🟠 Midterm elections & Cryptocurrencies what are the implications?

🟠 In an idealistic & perfect world Bitcoin should be Apolitical but till we get 100% separation of Money and the state, Politics and Politicians will have a significant impact on the price & user adoption of Bitcoin & Cryptocurrencies.

❓ What side of politics is in favour of Bitcoin, Freedom of speech and Open Blockchain?
❓ What side of politics is in favour of Central Bank Digital Currencies?

🔵 Bloomberg LP article states midterms may have big consequences for crypto & crypto enthusiasts may welcome Republican majorities in either chamber, as members of the GOP have often been some of their staunchest supporters and may push more aggressively to move bills that many in the industry have been asking for. Article here https://lnkd.in/dvFuUjRV

🔵 The Wall Street Journal states crypto firms and their employees have poured $73 million into the 2022 elections, up from $13million in the 2020 cycle, according to research group OpenSecrets, which tracks political donations. The industry also spent $15 million on lobbying in the first nine months of this year, more than in the previous eight years combined. Article here https://lnkd.in/dpgC2Mwj

🚨 Cointelegraph article feels that 38% of US voters will consider candidates’ position on crypto in midterms This is based on research done by Grayscale Investments The survey was done by The Harris Poll 2,029 adults (aged 18 and over) Article here https://lnkd.in/dkqhiQP9

🥶 Coinbase Crypto Winter
❄️ Coinbase released its report for the third quarter of 2022 & its revenue is not impressive at all Official filings indicate revenue dipped by 50% from its last year’s value due to fluctuations in trading activity & the firm lost about $545 million Official info https://lnkd.in/dKSnYrQT They have also issued a letter to their shareholders, can be accessed here https://lnkd.in/d9fEHXeB In the letter they have also mentioned about Crypto policy in the USA is at an inflection point & also said about DCCPA ie Digitial Commodities Consumer Protection act that could lead to meaningful regulation and clarity on the treatment of digital asset


⚽ Paulo Dybala brand ambassador for Solana -based soccer game Monkeyleague. The collaboration between MonkeyLeague and Dybala will see a range of future NFT releases for in-game assets, such as limited edition ‘MonkeyAthletes’ and ‘Stadiums‘. Official news via Medium blog here https://lnkd.in/djZwkWp5

💥 Two UAE news: (See slides )
⚡ ADNOC Group and Siemens Energy to jointly develop blockchain-based technology
⚡ CAPEX.com receives UAE license to offer crypto services

For slides click here https://tinyurl.com/24y8fvrp

LinkedIn Profile: https://tinyurl.com/569zh78j

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