Dubai: Crypto & Coffee at 8: 🚨 12th Dec 🚨 🚨 Legend! Sam Bankman-Fried testifies on the 13th 👀Crypto.com Releases Proof of Reserves 🔴 FOMC Meeting to determine next hike
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12th Dec 🚨 Legend! Sam Bankman-Fried testifies on the 13th of December 🚨Crypto.com Releases Proof of Reserves! 📛 Stablecoin War 👀 December crypto volumes

🚨Role Model Sam Bankman-Fried former CEO of FTX is willing to testify on the 13th. A must-read Twitter threat with Maxine Waters from U.S. House Committee on Financial Services. The legend will explain the following -FTX US’s solvency and American customers -Pathways that could return value to users internationally -What I think led to the crash -My own failings ( Sam Bankman — Fried) ❗ Most likely the hearing will be live on YouTube

👀Crypto.com Releases Proof of Reserves: Attested by Mazars, users can verify that their crypto assets are fully Backed (1:1) on the platform. With over 70 million customers worldwide & the industry leader in regulatory compliance, security and privacy certifications released its audited Proof of Reserves. Official information here https://lnkd.in/dfZ9VTBU

👁️ Mazars compared the assets held in on-chain addresses proven to be controlled by Crypto.com with customer balances through an auditor-overseen live query of a production database as of December 7, 2022. The reserve ratio is over 100%

🚨 #donttrustverify You can also verify your funds here https://lnkd.in/dFQGA3PP But is this enough or should we as an industry needs to adapt to Proof of Keys?

🔥 War on Stablecoins ❗Coinbase publishes a blog on its website urging users to Convert their Tether.to USDT to Circle USDC, now with zero fees. A blog titled “Switch to the trusted and reputable digital dollar: USDC”. The blog states stability and trust are of the utmost importance to customers. Fiat-backed stablecoins (cryptocurrencies pegged to reserve assets like the U.S. dollar) provide customers stability and confidence during times of volatility. Info here https://lnkd.in/dDMUYqxY

❗CoinDesk article states Coinbase highlights questions about Tether reserves in the campaign to get users over to USDC & On-chain data shows that USDT is the third-most widely traded digital asset on Coinbase, representing 5% of the volume on the exchange Article here https://lnkd.in/dbDRYfS3

❓ Who wins the war on Stablecoins

• Tether.to USDT
• Circle USDC
• Binance BUSD

🔴 FOMC Meeting Federal Reserve Board will announce interest rates hike this week. Schedule here https://lnkd.in/d3JdKRGz How will this impact the price of Bitcoin & Cryptocurrencies? Crypto 🔺 Crypto 🔻

📊 Global Crypto Market looks horrendous See slides 1 & 2 below & check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we give our commentary. Podcast links below ⚡ Anchor: https://bit.ly/3Po8eio ⚡ Spotify: https://spoti.fi/3y3Fapq ⚡ Google: https://bit.ly/3ysvrL0 ⚡ Anghami: https://bit.ly/3AiLNp5 ⚡ Podbean: https://bit.ly/3TqrsX1

💥 Two UAE News (See slides) ⚡ Huobi announces partnership with Tafabot Software LLC (Dubai-based) ⚡ Zogi Labs : Zogi token launches on Cronos, BNB Chain & Ethereum.

For slides click here: https://tinyurl.com/2p89c3nd

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