Shownotes Transcript
21st Sep Evergrande to crypto market “Do you Bleed”? As Tether.to USDT overtakes Cardano as no 3 crypto 🤔 Did Evergrande cause the crypto market to turn 🔻 A broad crypto sell-off is driven by worries about the spillover from Evergrande’s debt default. Evergrande is the second-largest property developer by sales & the 22nd largest group in the world by revenue in some dark financial crisis Ajit Tripathi, CFA head of institutional business of Aave had written a great post talking about Evergrande & risks in Cefi . Some great info by Business Insider can be found here https://bit.ly/39kZerl
Meanwhile every “Crypto price influencer” on YouTube Price goes down “ Buy Bitcoin it’s on Discount” Price does up “ Buy Bitcoin it’s only going to go higher” Price is stable “But Bitcoin nothing impacts Bitcoin “ Since the dip President Nayib Bukele has bought 150 new coins details can be seen on Twitter here https://bit.ly/3kr8q44 Presidential advice “They can never beat you if you buy the dips” Not entirely sure whom he means by “They”
An OG of Bitcoin which was dormant for over 9 years had some movement. The owner transferred over 600 Bitcoins to another wallet. All transaction details can be found on Bitcoin explorer https://bit.ly/3EEZj7G The power of Open Source. Imagine Bitcoin being used for government spending. All government spending transaction details can be monitored by absolutely anyone.
Coinbase abandons the plan for the crypto lending program cause two weeks ago two weeks the U.S. Securities and Exchange Commission, threatened Coinbase with legal action if the exchange launched Lend. Should they have launched the product first and asked forgiveness later? On positive news Coinbase launches Coinbase Prime, it combines advanced trading, battle-tested custody, financing, and prime services in a single solution “the most comprehensive platform for institutional investors”. Detailed info can be found in their blog updated few hours ago here https://bit.ly/3konb7G.
Bitcoin.com wallet Adds ERC-20 Tokens! You can now buy, sell, receive, store, trade, and send ERC-20 tokens with the convenience and security of the industry’s most user-friendly non-custodial wallet. News published by NEWSBTC https://bit.ly/3Cu9WbJ In similar news posted by News BTC custodial lightning network service attack discovered by a ‘Newbie’ — Hacker Strikes 6 LN Custodians. Details posted by Reddit user name “Reckless_Satoshi” posted detailed information via Reddit, Inc. https://bit.ly/39pH73z Is Lightning Network lightning years away from Mainstream adoption & full security?
UAE news
- Dubai Future Talks: NFTs From Creation to Investment Dubai Future Talks NFTs From Creation to Investment is live today from 4pm to 5pm Dr. Noah Raford & Dr. Marwan Alzarouni will be at the event (Check slides for more info )
- Saudi Arabia’s blockchain market to grow 41 percent by 2025 (Check slides for more info )
For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_blockchaindxb-bitcoin-cryptocurrency-activity-6845901257371131904-r0gY
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