Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 21st March 🚨 💚 Crypto Fear and Greed Index: GREED 🚨 Bitcoin dominance at 46.5% 📛 BAN on CBDC 👀 Euler Finance exploit & update
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21st March: Crypto & Coffee at 8 💚 Crypto Fear and Greed Index: GREED 🚨 Bitcoin dominance at 46.5% 📛 BAN on CBDC 👀 Euler Finance exploit & update

💚 Crypto Fear and Greed Index: At 60 GREED as Bitcoin is on the verge of crossing $28k. Website https://lnkd.in/d4yVqFaG

🔥 Central Bank Digital currency poses a threat to privacy and offers the government full control over individuals spending. Florida governor Ron DeSantis has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state.

👁️ Bitcoin.com reported here https://lnkd.in/dQRh6h2g that Earlier this month, South Dakota Governor Kristi Noem vetoed a bill that was disguised as an update to the UCC guidelines but paves the way for a CBDC while disallowing the use of cryptocurrencies, such as bitcoin, as a form of currency. She urged 20 other states, including Florida, that are about to consider a similar bill to “block this legislation from passing.”

CBDC ❌ Islamic Banking Systems 🚨 International Monetary Fund has published a report that discusses Monetary Policy Implications Central Bank Digital Currencies: Perspectives on Jurisdictions with Conventional and Islamic Banking Systems, report here https://lnkd.in/d7quitV5

🔴 Cointelegraph has a brilliant article that states IMF examines CBDC design in the context of Islamic banking and finds some risks magnified. The article here https://lnkd.in/dnqPXCTY states that CBDC design is complicated by prohibitions in Islamic law on usury and speculation. This strongly impacts liquidity management: “Conventional mechanisms of liquidity management interbank market, secondary market financial instruments, central bank discount window and Lender of Last Resort (LOLR) that are based on interest are not permissible for Islamic banks.”

🙊 Euler is a non-custodial protocol on Ethereum that allows users to lend and borrow almost any few days ago the crypto asset was drained of nearly $200 million via six flash loans and a vulnerability. Along with Euler, roughly 10 other DeFi protocols were affected thanks to the various integrations established along the way. Yield Protocol, Swivel Finance, Angle, and several others all announced their level of exposure to their communities.

❗ Update: The flash loan exploiter claims they have “no intention of keeping what is not ours” and wants to “agree” with Euler Finance.

🟠 No LLAMA token DefiLllama drama put to rest: No Token Planned After ‘Poor Communication’ The organization reached an internal resolution after the data platform was abruptly forked a day earlier. Detailed information via Decrypt here https://lnkd.in/dATuTbFB Seires of tweets here https://lnkd.in/dCv547ck

🚨 Two UAE news (See slides) ⚡ DMCC (Dubai Multi Commodities Centre) partners with Enya Labs and Boba Network ⚡ Crypto.com Secures MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority

For slides click here:https://tinyurl.com/5x5c5f3y

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