Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 13th Feb 🚨 🚨 Staking As A Service! 🔥International Monetary Fund report on El Salvador’s Bitcoin Adoption. 😭 LocalBitcoins shutdowns after a decade!
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13th Feb: Crypto & Coffee ☕ at 8 🚨 Staking As A Service! 🔥International Monetary Fund report on El Salvador’s Bitcoin Adoption. 😭 LocalBitcoins shutdowns after a decade! Bitcoin mining difficulty is down.

❗ Staking As A Service banned ❗ Gary Sensler put an excellent explainer video via Twitter https://lnkd.in/ddpq_u9m. It clearly discusses U.S. Securities and Exchange Commission charged Kraken Digital Asset Exchange for the unregistered offer & sale of securities thru its staking-as-a-service program. . Kraken’s two entities have decided to pay $30 million in disgorgement, prejudgment interest, and civil penalties.

👀 The explanation provided in the video does a good job in explaining the spelling difference between “Staking” and “Steaking” & provides a valid reason for banning “Staking As A Service” in the USA. Official article here https://lnkd.in/dWD9stZn Info about PAYWARD VENTURES, INC. & Payward Trading in the article too

🚥 Bitcoin as a Legal Tender in El Salvador International Monetary Fund report discusses the risks associated with bitcoin, the slow pace of its adoption, and adverse economic shocks. Report here https://lnkd.in/dQDara6D It suggests that Strong governance, fiscal transparency, and accountability are critical to improving resource management, lower borrowing costs, and building trust.

❓ Is this a cautionary tale for other countries looking to adopt cryptocurrencies as legal tender? ❓ Does CBDC offer a better form of money than Cash & Bitcoin?

⚡ Finland-based P2P Bitcoin exchange has announced the timeline for the closure of its Bitcoin trading services. https://lnkd.in/daP-tPyV

🔻CoinDesk has reported that In December, early bitcoin pioneer and Libertarian activist Ian Freeman went to trial on allegations of being a ringleader in a bitcoin-selling business that used LocalBitcoins. https://lnkd.in/dHrAbbzb

👀 Bitcoin.com has reported that Bitcoin difficulty has dropped 0.49% lower; The top five mining pools continue to command the majority of global hashrate. Article https://lnkd.in/dXwg3sZj states

• Bitcoin’s hashrate is coasting along at 289.14 exahash per second (EH/s) after a 0.49% decrease in difficulty at block height 776,160.
• The network difficulty has been operating at approximately 39,350,942,467,772 hashes for the past 2,016 blocks, or two weeks.
• With the recent 0.49% decrease in difficulty, the network’s difficulty will now be set at 39.16 trillion hashes for the next two weeks.

🏈 Superbowl! No Crypto Super Bowl AdsThere will be no crypto commercials during this year’s National Football League (NFL) Super Bowl. How long will crypto winter last?

🚨 Two UAE news: (See slides) ⚡ Christie’s Middle East will host its inaugural Art+Tech Summit in Dubai on 3rd March ⚡ WEMIX opens Abu Dhabi office to spearhead growth in the fast-growing MENA region.

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