Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 16th Jan 🚨 🚀 Crypto Mrkt $1 Trillion! ❌ SEC 🆚 Genesis 🆚 DCG 🆚 Gemini ❌ SEC slams Digital Currency Group subsidiary Genesis and Gemini with charges! - a podcast by Blockchain DXB

16th Jan
🚀 Crypto Market Soars to $1 Trillion! Decentraland Leads the Pack with 79% Gain in 7 Days!” Security Exchange Commission slams Digital Currency Group subsidiary Genesis and Gemini with charges

❗👀 Inflation and its impact on Crypto
Since the Inflation (CPI numbers) were published via the Bureau of Labor Statistics the crypto market has seen an uptick.

❓ Should crypto prices be related to Inflation numbers?

🟥 Bloomberg’s article states Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation has peaked. https://lnkd.in/d7qj6TWF CoinDesk a few hours ago states that Bitcoin surges on Inflation tailwinds hover Near $21K Article here https://lnkd.in/dJ7_eiya Seeking Alpha article states Bitcoin set to end week 17% higher as cooling inflation spurs risk-on sentiment https://lnkd.in/dcsP7fPk

❌ SEC 🆚 Genesis 🆚 DCG 🆚 Gemini
The US Security Exchange Commission Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program official press release here https://lnkd.in/daVUctee The charges claim Genesis and Gemini raised billions of dollars worth of crypto assets from hundreds of thousands of investors. Investigations into other securities law violations and into different entities and persons relating to the alleged misconduct are ongoing.

🤓 DailyCoin has an excellent summary of this & states that The SEC alleged that Genesis lent $575 million to its parent conglomerate Digital Currency Group (DCG). The lent-out funds included Gemini Earn customer assets and were used by DCG to invest in other companies and repurchase DCG stock. Article here https://lnkd.in/d_Mv7PzU

🐕‍🦺 Shiba Inu to the Metaverse
🚨 Whale Alert mentioned via Twitter approx $30M worth of Shib was transferred from an unknown wallet to an unknown wallet. Detailed info here https://t.co/f12FEIOwzC NEWSBTC article The addresses used in the transactions aren’t associated with cryptocurrency markets, so it’s unlikely that the action has anything to do with buying or selling the trending meme coin. Could it be possible for these funds to be used to build a better Metaverse experience? The article here gives reasons why https://lnkd.in/d8ntq-Q7


🟠 Last week on the Blockchain DXB “Metaverse Everything” podcast we did mention World Economic Forum highlighted the use case of Industrial Metaverse. In today’s Crypto & Coffee at 8 podcasts we used ChatGPT to create a podcast script highlighting the summary of it. OpenAI

💥 Two news from UAE ( See slides below)
⚡ Dubai Customs discusses furthering trade cooperation with Arab Brazilian Chamber of Commerce: Blockchain Emirates News Agency — WAM — وكالة أنباء الإمارات — وام
⚡ Ripple bullish on MENA expansion to cash in on crypto payments surge (Interview) We used chatGPT to highlight positives/negatives from the interview (Slides 8 & 9)

For slides click here: https://tinyurl.com/mr4j5234

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

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