Dubai: Crypto & Coffee at 8: 🚨 03rd Nov 🚨 🔺 Interest rate hike of 75 basis points🔺 Crypto market 🔻Tether.to 🆚 Bloomberg LP the drama continues ⚡ Two massive news from Dubai DMCC + DFSA
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03rd Nov 🔺 Interest rate hike of 75 basis points🔺 Crypto market 🔻

🚨 Federal Reserve Board chair Jerome Powell announced the interest rate hike, very strongly recommend looking at the information from 1st source here YouTube https://lnkd.in/dqiWQvS3 .

💥 He mentioned the Labour Market demand strongly outweighs the Supple so a recession in the USA is most likely not going to happen soon. He also shared concern about high inflation in other parts of the world particularly a few parts of Europe & UK. A key point to note is The Committee anticipates that ongoing increases in the target range will be appropriate to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 per cent over time. He will also be meeting Bank for International Settlements — BIS in the future soon.

📊 The global crypto market did dump temporarily, Flow Blockchain is up by 24% in the last 24 hours. See slides 1 & 2 & listen to our podcast for more info

👀 Crypto Price influencers ❗ Patrick Hansen, director of EU strategy and policy for Circle’s USDC mentioned via Twitter that Commenting on crypto assets in (social) media without disclosure and profiting from the effects of that will be considered market manipulation in the EU once Mica (Markets in Crypto Asset) is in force. His tweet here https://lnkd.in/d6B4fqch An official report by Mica here https://lnkd.in/dDKSXCrD

Tether.to 🆚 Bloomberg LP Bloomberg LP on 31st mentioned Tether.to bank-fraud probe gets fresh look by Justice Department & Federal prosecutors in Manhattan are taking over the investigation As per the article US Attorney Damian Williams in Manhattan took over the inquiry in recent weeks. here https://lnkd.in/dBzUmNMj

🔴 Tether.to in a blog stated: The spreading of false information is the biggest threat to the cryptocurrency industry that currently exists. Bloomberg has proven themselves time and time again to be desperate for attention in an industry that they just do not understand. Blog here : Bloomberg Fishes Age-old News for Headlines https://lnkd.in/dtmjRPXr

😨 Drama on Stablecoins Bitcoin.com has stated that $3 Billion was erased from the dollar-pegged token economy, HUSD Depegs, and USDC Supply Drops 10% Circle had a valuation of around $47.20 billion 30 days ago and today, Could this be because of drama between Binance & Circle? We have been tracking this daily and the volume seen in the last two months are BUSD 🔺 USDC 🔻

👨🏼‍🦱 Binance CEO Changpeng Zhao doesn’t see CBDC as a threat to Crypto. CZ spoke at the Web Summit in Lisbon on Nov. 2 about CBDCs and their role in the crypto industry. Article via Reuters https://lnkd.in/dYapurib

❓ Will CBDC pose a threat to Stablecoins & Ripple?

🔥 2 UAE news: (See slides) ⚡ DMCC (Dubai Multi Commodities Centre), South Korea set to boost ties for blockchain, Web3 ⚡ Dubai Financial Services Authority Crypto Token regime comes into force

For slides click here: https://tinyurl.com/y7bthhkp

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