Crypto & Coffee at 8 ☕ 🚨 Dubai: 04th Jan 🚨 🥶Bitcoin mining in crypto winter🥶 Sam Bankman-Fried:NOT Guilty🏥 Binance Pay in Ukraine 💥 Bitcoin & Ethereum Beginners Guide by Blockchain DXB
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04th Jan 🥶Bitcoin mining is facing crypto winter 🥶The mining difficulty has plunged almost 3.6% NEWSBTC has reported the mining difficulty has moved from the 35.36T that it was trending at to 34.09T following the adjustment. Article here https://lnkd.in/dcH8YvN9 Bitcoin’s hashrate hit an all-time high in Nov of 2022 but since then many mining industries have also filed for bankruptcy CoinDesk article states Core Scientific (CORZ) and Compute North, filed for bankruptcy while Celsius Network and BlockFi, two bankrupt crypto lending firms with sizable mining wings, are likely going to have to restructure their operations. Another two mining companies, Marathon Digital Holdings and Argo Blockchain are also at risk of filing for bankruptcy. Article here https://lnkd.in/dRY-uTVF

❗ Bitcoin Blockchain did see a fall in decline particularly when China decided to ban miners,

❓A lower bitcoin mining difficulty could lead to double spending.

🚨 Cointelegraph also reported that according to a recent report by Hash Rate Index here https://lnkd.in/d89VGVZW, publicly listed Bitcoin (BTC) miners took on more than $4 billion worth of debt during the run-up to the crypto bull market. Mesmerized by rising prices, the industry rushed to hand over first to purchase Bitcoin application-specific integrated circuits miners on easy credit.

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where give our commentary on this and discuss if lowering mining difficulty has the possibility of double spending

🚔👮🏻 Sam Bankman-Fried Pleads ‘Not Guilty’ to Fraud, Conspiracy Charges The U.S. District Judge Lewis Kaplan of the Southern District of New York in the case set a target date for the trial to begin in early October The Wall Street Journal had reported that U.S. prosecutors had charged the FTX founder with engaging in criminal conduct that contributed to the cryptocurrency exchange’s collapse Article here https://lnkd.in/du7xQHne

📰 Gulf News article states A federal prosecutor, Danielle Sassoon, estimated that a trial could take four weeks, and said the government will soon turn over hundreds of thousands of documents of evidence to defence lawyers. Article here https://lnkd.in/d5NxUADK

👀 Yesterday CoinDesk reported that Sam Bankman-Fried’s Lawyers asked the court to conceal the Identities of $250M Bail Co-Signers. The lawyers cited privacy and safety concerns as reasons for the request. Article here https://lnkd.in/dhNYW2zs What are the odds that the co-signers are Extreme left-leaning Democrats?

🏥 Binance Pay in Ukraine ANC Pharmacy, a major pharmacy chain, partnered with Binance Ukraine to launch crypto payments via Binance Pay, a contactless payment service. Announcement here https://lnkd.in/dakDw28D

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

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