14th March: Crypto & Coffee at 8 ❌ Cryptocurrency Unbanked! 🚨 CPI numbers out later today, 👁️ Circle USDC update! 🔥 Meta shuts down NFT across Instagram & Facebook 🚀Bitcoin to the moon 🚀 BUT Defi TVL down to $21.37B🔻
🔴 Signature Bank & Silicon Valley Bank: Reuters has an article stating State regulators closed New York-based Signature Bank on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits. https://lnkd.in/dK6EKB8D
Centralized cryptocurrency exchanges & Centralized Cryptocurrency solutions service providers are suffering from a lack of access to the banking system due to current financial conditions.
❗ What does this mean for Crypto? Bitcoin 🔺 Global Crypto market 🔺 The volume of stablecoins 🔺
🚨 USDC update: As of now 09:00 am GST it is pegged by $0.99
According to Web3 analytics platform Watchers, a total of 314.167 million USD Coin was sent by its issuer, Circle, to the Ethereum null address with header 0x00 on March 13. The null address is typically used to remove tokens from circulation via one-way transactions. You can validate the transactions here https://lnkd.in/dZsm-k4i
Cointelegraph earlier published an article that states USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks. Check out Blockchain DXB, Crypto & Coffee at 8 podcasts where we explore this in detail. Podcast link here ⚡ Spotify: https://spoti.fi/3y3Fapq
🔥 Big News today 🚨 CPI data are scheduled to be released on today, at 8:30 A.M. Eastern Time. Official information to be found via the Bureau of Labor Statistics here https://www.bls.gov/cpi/
👀 On the 22nd of March Federal Reserve Board chair, Jerome Powell will be announcing the next interest rate hike. Goldman Sachs expects No Rate Hike in March due to stress in the US Banking System Bitcoin.com article states In a note to clients on Sunday, the bank’s economists, led by its chief economist Jan Hatzius, detailed: In light of the stress in the banking system, we no longer expect the FOMC to deliver a rate hike at its next meeting on March 22. Article here https://lnkd.in/dEg_Rytn
📛 Meta is scrapping its nonfungible token features across its social media platforms, Facebook and Instagram, around 10 months after they first launched. Stephane Kasriel mentioned via Twitter, worth reading a series of threads here https://lnkd.in/dd28mkPY Looks like Meta is focusing on other ways to support creators, people, and businesses.
🚨 Two UAE news: ⚡ Dubai Police HQ, Rochester Institute of Technology, Dubai (RIT Dubai) launch ‘Financial Crime Digital Transformation’ Diploma ⚡ Stable coin episode by Blockchain DXB
For slides click here: https://tinyurl.com/yckvhkf5
LinkedIn Profile: https://tinyurl.com/569zh78j To help support his channel: ☕ Buy me Coffee ☕ 🚨 Link here https://www.buymeacoffee.com/info36/w/6987 🚨 Link here https://www.buymeacoffee.com/info36
⚡ The Race Space Podcast 🎙️ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation
🚨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td ⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d 🔥 Tough Mudder event on 18th March - Mina Al Arab, RAK Use Discount code: George15 Registration l here https://tinyurl.com/yc2e8j2p
⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #metaverse #btc #blockchaindxb