Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 08th Feb 🚨 Dubai’s VARA issues specialized regulations for virtual assets 🔴 Ray Dalio “Cash was Trash” but now Cash is Relatively Attractive!
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08th Feb: Crypto & Coffee at 8 🎙️ 🚨 Ray Dalio: “Cash was Trash” but now “Cash is Relatively Attractive” 🔴 Binance to airdrop $100 USD in BNB to users in Turkey

👀 Legendary Bridgewater Associates founder Ray Dalio in an interview with CNBC stated “crash was trash” but now “cash is relatively attractive” Transcripts here https://lnkd.in/dk99RTCS

• Bitcoin is not going to be an effective money.
• It’s not an effective store hold of wealth.
• It’s not an effective medium of exchange.

🔴 Binance to airdrop $100 USD in BNB to users in Turkey Earthquake Regions. approximately $5m USD (94m TRY). Info here https://lnkd.in/difK4muH This news is great and in the near future can Central Bank Digital Currencies (CBDC) also issue Airdrops to people in need. Brilliant use case but are these coins created out of thin air?

🥶 Digital Currency Group sells shares in Grayscale Investments crypto trusts at a steep discount to raise funds for Genesis creditors. This is according to U.S. Securities and Exchange Commission filings seen by the Financial Times. Article here https://lnkd.in/d9VMQpZb ⚡ DCG has sold its shares at a deep discount: About $8 per share, despite each share’s claim to $16 of ether. ⚡ DCG’s share selling has focused on the Ethereum fund, where the conglomerate has sold about a quarter of its stock to raise around $22 million.

🚥 DailyCoin has mentioned an excellent point, the fact that DCG, a parent to Grayscale, is one of the holders of GBTC shares has been a potential reason why the SEC has been reluctant to approve Grayscale’s Bitcoin ETF. Article here https://lnkd.in/dzgNgcsy

❓ What kind of impact will this have on the cryptocurrency market?

💯 Michael Sonnenshein, CEO of Grayscale Investments has an excellent interview with Laura Shin on the Unchained Podcast on the 27th of Jan, they also discuss Gemini liquidating 31 million shares of GBTC, what Grayscale will do if it loses its case against the SEC & quite a lot more. Interview on YouTube here https://lnkd.in/dqeef5qu

🔺 NFT news CryptoPunks, Bored Ape Yacht Club sell for over $1M each as NFT market rebounds. Both sales came from prominent collectors and creators in the NFT world, and they also mark the two largest single NFT sales tracked by CryptoSlam Inc over the past 30 days. Decrypt article here https://lnkd.in/dczXtZrb reported that The NFT market is gaining steam again in 2023, as rising sales and trading volume data showed in January.

💰 CryptoPunk #5066 was sold on Monday for 857 ETH, or $1.4 million worth at the time 💰 Bored Ape #7090 was sold for 800 ETH today, or $1.3 million. Ranked the 62nd rarest NFT in the 10,000-piece collection by Rarity Tools

🚨 Two UAE news ( See slides) ⚡ Dubai’s VARA issues specialized regulations for virtual assets. Virtual Assets Regulatory Authority Info here https://lnkd.in/d75pcSer ⚡ The Metaverse Frontier Podcast — 2nd episode, written entirely by chatGPT & AI-enabled voice.

For slides click here https://tinyurl.com/rwmbfr7a

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🚨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen to it here https://tinyurl.com/y26cu3td

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