Dubai: Crypto & Coffee at 8: 🚨 14th Sep 🚨 Inflation 8.3% 🔺 Cryptomarket below $1Trillion 🔻 Fuel prices 🔻 UK inflation at 9.9%🚫Where does Bitcoin fit into all of this? 🌋 Ethereum POW post Merge - a podcast by Blockchain DXB

14th Sep
CPI index 8.3% Inflation🔺 Cryptomarket below $1Trillion 🔻 Fuel Price 🔻


🚨 The consumer price index released by the Bureau of Labor Statistics Statistics shows Fuel & Energy have seen a reduction but shelter, food, and medical care saw an increase. Official info here https://bit.ly/3xmDA3i


👀 A few hours ago In UK Office of National Statistics also released inflation numbers & with UK inflation at 9.9% but fuel prices have seen a decline info here https://bit.ly/3UaZeQS

🚫Where does Bitcoin fit into all of this?
Since the official CPI numbers were out Bitcoin did lose $40B in its market share & Ethereum $15B. See slides 1 & 2 below for more info. Price info via CoinMarketCap Bitcoin.com has also mentioned that #BTC’s U.S. dollar value dropped over 9% on Tuesday afternoon (ET), following the recently published CPI numbers! Article here https://bit.ly/3RPnWVK

❌ CoinDesk article also states steep drop in Bitcoin, and Ether causes over $250M in Futures Losses. The article mentions that XRP dropped 8%, Solana’s SOL fell 7% and Cardano’s ADA plunged 7.5% & quite a lot more https://bit.ly/3xlR5iS

🤯 The only thing that has gone high is the Bitcoin Mining Difficulty which has reached another ATH & is currently at 32.05 trillion hashes. After two difficulty increases during the past month, the network’s mining difficulty jumped another ​​3.45% higher on September 13.

#ETH week
⚡ Glassnode’s insights describe Proof-of-Stake consensus, the transition estimated to be on the 15-September-2022. Some useful information on Validators Replacing Miners, Validator Performance and Revenue & a lot more here https://bit.ly/3RVbR0U

⚡ Finance Magnates also has an interesting article on Corporate Perceptions on Ethereum https://bit.ly/3S0w9pr Ethereum’s Merge will reduce electricity consumption by over 99%. This will surely get a lot of attention for ESG concerns.


As and when institutional investors & retail investors are interested in Ethereum could it flip Bitcoin faster than anticipated?
❗Bitcoin is Sound Money
❗Ethereum as Ultrasound Money? 🔊🦇


🌋 Ethereum POW post Merge
ETHPoW (ETHW) will happen within 24 hours after the Merge. The group intends to continue Ethereum Proof of work & detailed reasoning & explanation can be found via Medium here https://bit.ly/3eLR0i3 More info via Cointelegraph here https://bit.ly/3RZzMfs


🎨 Doodle & NFT news!
Doodles Ethereum NFT sales have surged 1,200% Reason for the surge is that Reddit, Inc. inc co-founder Alexis Ohanian Sr. . led a funding round in the Pharrell Williams-backed NFT project. This has led the project to be valued at $704M Info via Decrypt here
https://bit.ly/3RIZC7P

🎙️ Listen to our Podcast 🎙️for commentary

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Two UAE news: (Check slides )

💥Two UAE news: (See slides)
⚡ Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 07th Oct — 23rd Oct by Blockchain DXB
⚡ Ethereum Beginners Guide Blockchain DXB 07th Oct by Blockchain DXB

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

LinkedIn Profile: https://bit.ly/3AAN504

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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