Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 13th Sep 🚨 🔥CoinEX HACK 4,946 ETH +354,762 TRX 🚨PayPal + MetaMask to sell 📊 Crypto Global Crypto Adoption Index by Chainalysis ⚡SEC’s use of AI - a podcast by Blockchain DXB

13th Sep: Crypto & Coffee at 8 🎙️
🔥CoinEX HACK 4,946 ETH +354,762 TRX 🚨PayPal + MetaMask to sell 📊 Crypto Global Crypto Adoption Index by Chainalysis ⚡SEC’s use of AI for surveillance.

🔥 Crypto exchange CoinEx Global is suspected of being hacked, and so far its ETH, TRON, and Polygon hot wallets have lost more than $27.8 million Colin Wu mentioned via Twitter https://lnkd.in/dBiaYh5K You can validate transaction details via Etherscan here https://lnkd.in/dyb3h_ET The exchange has experienced a staggering depletion of its ETH holdings, with almost 5,000 ETH mysteriously vanishing within a single hour and a total loss of approximately 40,000 ETH since May. As a result, CoinEx’s ETH reserves now stand at virtually zero.

🖐️ No Official info via CoinEx yet and has remained silent refraining from issuing an official statement regarding the suspected hack.

💰 PayPal now enables US users to sell cryptocurrency via MetaMask wallet Official news here https://lnkd.in/di6tbFbp PayPal is now increasing access to digital currencies by simplifying how wallets, dApps, and NFT marketplaces can enable their customers to buy and sell supported crypto in the U.S. (subject to applicable state law) through an integration with PayPal On and Off Ramps. PayPal Off Ramps is now available to wallets, dApps and NFT marketplaces and is live on MetaMask today.

📊 Global Crypto Adoption Index
❗ Central & Southern Asia Are Leading the Way in Grassroots Crypto Adoption. India, Nigeria and Thailand are ranked as the top three countries in Chainalysis’ “2023 Global Crypto Adoption Index,” with lower middle-income (LMI) nations leading the way in the grassroots adoption of cryptocurrencies. More info here https://lnkd.in/dvbaaupN The excerptalso indicates that even in the midst of a protracted bear market, there is an increasing momentum in the adoption of cryptocurrencies by institutions based in high-income countries.

❗ P2P trade volume makes up a significant percentage of all cryptocurrency activity in emerging markets. 
 

🚨 U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation. He strongly believes AI can strengthen its enforcement regime. Session via YouTube https://lnkd.in/dET7p3P7
 

🔥 Binance.US cuts third of staff as CEO Brian Shroder leaves. More info via Cointelegraph that states the staff cut and departure comes amid legal action from United States regulators. https://lnkd.in/dX9wMW7n

🟠 Two UAE news (See slides)
⚡ TOKO and Virtuzone sign collaboration to launch Dubai’s first tokenised equity crowd funding platform
⚡ UAE announces initiative to boost AI and blockchain in green finance

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