Dubai: Crypto & Coffee at 8: 🚨 22nd Dec 🚨 🔥Paxful removes Ethereum 🔥 FTX & Alameda Research: Caroline Ellison and Gary Wang plead guilty to fraud charges 💯 Stable Coin Trust Act by Pat Toomey
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22nd Dec 🔥Paxful removes Ethereum 🔥 Paxful, a global peer-to-peer trading platform, is set to remove Ethereum (ETH) trading from its marketplace. CEO Ray Youssef mentioned via Twitter https://lnkd.in/detfGDPu The reason is due to its shift to proof-of-stake and lack of decentralization. Bitcoin Magazine article states he delved into the decentralization aspect of Ethereum, denouncing the small group of insiders who manage to exert enormous influence on the cryptocurrency project to this day. https://lnkd.in/dkyt4dNw

❓ If another cryptocurrency exchange follows a similar approach could it be the beginning of the end game for Ethereum?

💯 Stable Coin Trust Act: An absolute must for the industry by Senator Pat Toomey (R-PA) Cointelegraph article by Brayden Lindrea gives a brilliant explanation of this & compares it to the stablecoin Transparency Act, which was introduced into Congress by fellow Republican Senator Bill Hagerty on March 31. Article here https://lnkd.in/dz5Ssaw3

❓ Do Stable coin issuers act as a Bank? ❓ Can stablecoins be censored by stable coin issuers? ❓ Will Tether.to be the Black Swan event for Crypto?

📛 Former executives of FTX and Alameda Research have been charged for their role in the “frauds” that led to FTX’s collapse. Caroline Ellison and Gary Wang plead guilty to fraud charges Inner City Press the US Attorney’s Office released the plea agreements (signed December 19) of Caroline Ellison of Alameda Official documents here https://lnkd.in/d7M3fheH

👀 CoinDesk’s article summarizes it perfectly well that the Plea agreement would waive Ellison of any charges, except criminal tax violations, provided she fully cooperates with U.S. Attorney’s office. https://lnkd.in/dz5Ssaw3

✋ Bitcoin.com article states U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) also filed charges against Wang and Ellison on Wednesday. https://lnkd.in/dAivkiix

❌ The bitcoin mining industry struggle continues as British Columbia has decided to halt new power connections for crypto miners & has cited prioritizing clean energy and job creation as the main reasons for suspending cryptocurrency mining operations. Official announcement here https://lnkd.in/dh4QTjcx

💥 Elon Musk-led Twitter to add BTC and ETH price indexes to the search function financial Twitter! Info by Twitter for Business https://lnkd.in/dShfSYQC Simply searching for the ticker symbol, whether for stock or crypto, will also bring up the price graph. Cointelegraph article states The price charts also include a “View on Robinhood” link that can be clicked in the bottom left-hand corner, suggesting the Robinhood has teamed up with Twitter for this integration.

💥 Two UAE news:(See slides) ⚡ Trinity Gaming partners with Emchain FZE to facilitate content business in the Indian Web3 and Blockchain gaming space ⚡ EX Sports drops official World Tennis League NFT collectables

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