Dubai: Crypto & Coffee at 8: 🚨 08th Dec 🚨 📛 Grayscale Investments the next Black Swan event for Crypto? 👀 Spain’s Central Bank: Wholesale CBDC ⚡ Blockchain vs Existing systems — Pros / Cons
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08th Dec 📛 Grayscale Investments the next Black Swan event for Crypto?

❌🔻Things are getting worse for Grayscale Investments as data from on-chain analytics platform Coinglass show that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD. Data here https://lnkd.in/d3GZgfy8 Cointelegraph article gives detailed explanation as Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time https://lnkd.in/dYTQHchP

🚨 Decrypt posted yesterday that Hedge fund Fir Tree Capital is suing Grayscale over the latter’s BTC Trust product, which is trading at a 43% discount as of Tues. This is due to “potential mismanagement conflicts of interest” Fir Tree alleges that this is partly the result of Grayscale issuing “an immense number” between 2018 and 2021 without providing investors means of exiting their positions aside from selling shares to other investors the Main source via Bloomberg https://lnkd.in/dhSqxV23

👀 Spain’s Central Bank: Wholesale CBDC Banco de España said it intends to launch an experimental program to begin testing wholesale central bank digital currencies (CDBCs) & is seeking collaboration proposals from local finance and technology institutions. Info here https://lnkd.in/dXj8eRW6 Based on the article The bank will focus on three main areas

• Program that seeks to simulate the movement of funds
• Experiment with the liquidation of financial assets,
• Analyze the benefits and drawbacks of introducing a wholesale CBDC to its current processes and infrastructure ❗ The application process closes on Jan. 31, 2023❗

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we explain the Basics of Central Bank Digitial Currencies

👕 Decentraland: Ugly Sweater As the holiday spirit starts Decentraland is hosting an Ugly Sweater Competition & the Contest will run until December 19, when the top 10 winners will get announced. The place to submit ugly wearables is via Google form here https://lnkd.in/dmTX5ryu Contestants can contestant can create an ugly holiday sweater and publish it on the official Decentraland Marketplace. DailyCoin article here has detailed information & criteria https://lnkd.in/djVySjfU

🏌🏻⛳ The Sandbox: Golf The Sandbox has announced a collaboration with ALTAVA GROUP to feature a series of golf-themed experiences in ALTAVA Club House, the Korean Web3 luxury fashion brand’s 3×3 LAND in the Sandbox. More info via Twitter here https://lnkd.in/dRShmEwg

💥 Two UAE news( See slides for more info) ⚡ Xypher announces the launch of Blockchain research & consulting ⚡ Blockchain vs Current existing systems — Pros / Con’s explained by Blockchain DXB

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