Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 06th Nov🚨 Blockchain 100M users by 2028 🔥Aave halts operations 🔴Bored Ape Yacht Club Creator Yuga Labs & Magic Eden = NFT Marketplace ❗Sam Bankman-Fried info - a podcast by Blockchain DXB

06th Nov: Crypto & Coffee at 8
🧐 Blockchain 100 million daily users by 2028 🔥Aave halts operations 🔴Bored Ape Yacht Club Creator Yuga Labs and Magic Eden = NFT Marketplace ❗Sam Bankman-Fried update

🧐 Bloomberg analyst mentioned via Twitter Bear market/Bull market, adoption of #blockchain technology continues unabated. Not having exposure to one of the largest structural trends of the next decade could be costly. 5 million daily #crypto users today, is likely to be 100m in less than 5 years. https://lnkd.in/dnJi7mUc Cointelegraph article states Coutts compared blockchain rate adoption with PayPal’s rate growth. According to him, it took the fintech giant 13 years to reach 100 million daily users.

❗ Threads by Meta reached 30 million users in less than 24 hours. Instagram took 15 months to reach 30 million downloads, TikTok reached the milestone in just under two years, according to data.ai.

🎙️ We at Blockchain DXB feel there are very limited use cases of Blockchain technology and Centralized software offers a better user experience in terms of 1) Time 2) Cost 3) Quality. Also important to note that just switching current existing systems to Blockchain will not be successful. In order for sustained growth and user interactions.

🔥 Aave Halts Operations Due To Bug On Nov 4, the Aave Protocol temporarily halted select market operations in response to a reported bug. Specifically, Aave paused the Aave V2 Ethereum market, suspended particular assets on the Avalanche network, and temporarily froze specific assets on Aave V3 across Polygon, Arbitrum, and Optimism.

🔴 Important to note no funds on any of the markets were at risk, according to DeFi lending protocol. They would also release a detailed explanation once there is a full resolution. News via NEWSBTC https://lnkd.in/dHG3C2NP

🚨 Yuga Labs, the creator of Bored Ape Yacht Club Ape, is partnering with Magic Eden to introduce an Ethereum NFT marketplace that enforces the payment of royalties through contractual obligations. The companies said in a statement that Magic Eden will have a “contractual obligation” to pay Yuga Labs its share of secondary market sales of its future NFT collections. The change will not impact the way that traders interact with Magic Eden More info via Decrypt here https://lnkd.in/dnKNBmjk

❗ Sam Bankman-Fried is guilty of defrauding FTX crypto customers out of
billions of dollars! Upto 115 years in Prison! A 12-member jury in Manhattan federal court convicted Bankman-Fried on all seven counts he faced after a monthlong trial in which prosecutors made the case that he looted $8 billion from the exchange’s users out of sheer greed. Netflix documentary series be out soon?

🟠 UAE news (See slides)
⚡ Dubai Financial Authority Approves XRP as ‘Recognized Crypto Token’ DIFC
⚡ Abu Dhabi Global Market (ADGM) introduces the world’s first DLT Foundations Regime

For slides click here: https://tinyurl.com/43ma7fme

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