Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 07th Feb 🚨 🖐🏻Binance suspends $U.S. bank transfers 🔥Bitcoin Mining update 📚 Glassnode weekly insights & 📚 CoinShares weekly blog via Medium - a podcast by Blockchain DXB

07th Feb: Crypto & Coffee at 8 🎙️
🖐🏻 Binance is temporarily suspending U.S. dollar bank transfers. 🔥Bitcoin Mining industry update!


🔥 Binance is temporarily suspending U.S. dollar bank transfers starting on Wednesday, the company confirmed to CoinDesk on Monday. Strangely, Binance USA is not affected by this. Details on this news are here https://lnkd.in/d7AE52Kh Binance US customers can continue to safely and securely withdraw and deposit USD on our platform. Also confirmed by the Twitter account of Binance.US Support here https://lnkd.in/dVTRm5Qg


❗ As per Decrypt Binance, only has 0.01% of its traders make use of USD bank transfers. Article here https://lnkd.in/d6gBUqEm


📚 Glassnode weekly insights discuss an explosive month of volatile price action, Bitcoin is consolidating above the on-chain cost-basis of several cohorts. And this puts the average BTC holder into a regime of unrealized profit and demonstrates a potential turning of the macro market tides is underway. Technical info here
https://lnkd.in/dy-RybT9


📚 CoinShares weekly blog via Medium states that investor sentiment seems to be improving and brings year-to-date inflows to US$230m. 4th consecutive week of inflows with year-to-date inflows now at US$230m. Bitcoin led the pack with inflows totalling US$69m, representing 90% of the total flows for the week. Ethereum though saw only US$0.7m of inflows.


🚨 Does this mean bullish days are ahead?
❓ Will inflows in Ethereum increase as the Shanghai Upgrade date gets closer?


💯 Bitcoin Mining update
🟠 Riot Platforms, Inc. has mentioned via its website that Riot Produces a new all-time high of 740 Bitcoin in January 2023 and Provides Infrastructure updates that can be found here https://lnkd.in/dapDjgqQ he news also states that 17,040 miners that are offline as a result of damage to Building G from the severe winter weather in late December in Texas.


🟠 TeraWulf is the latest bitcoin miner to restructure debt and its stock dives. Seeking Alpha has reported that the miner said it is restructuring its debt obligations in an effort to steer clear of negative free cash flow. The company said it struck a deal with its existing lenders on certain debt modifications, in addition to raising around $32M of equity proceeds, which together are expected to bring WULF to positive free cash flow in the second quarter. More information here https://lnkd.in/d4jGA8UK

🔴 Bitcoin.com article states that Russia Expands Its Crypto Mining Capacity (Not just Bitcoin). The capacity of Russian mining farms exceeded 500 megawatts (MW) at the end of 2022, according to results from a poll among established industry players published by the business daily Kommersant. https://lnkd.in/dt22S3Ew

🚨 Two UAE news( See slides)
⚡ Bitcoin Beginners Guide Session by Blockchain DXB 3-part series 02nd, 9th & 16th March
⚡ Ethereum Beginners Guide Blockchain DXB 2nd March 2023

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