Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 31st Jan 🚨 🔥 Crucial week for Crypto! Market Info & ❌Celsius a Ponzi scheme ⚽ Sorare & EPL partnership❌ Binance Pathetic customer service & Unprofessionalism
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31st Jan: Crypto & Coffee at 8 🎙️ 🔥 Crucial week for Crypto! 🚨Will Jerome Powell’s decision to increase the interest rate determine the price of Bitcoin & crypto?

👀 Forbes has an interesting article Crypto Braced For A $250 Billion Bitcoin And Ethereum Price Earthquake. The article discusses 25 basis points and this is what the market has priced in. Interesting read here https://lnkd.in/dZ7Cc_Md

🔴 Nauman Sheikh, head of treasury at crypto asset management firm Wave Financial, told CoinDesk that Powell will be more hawkish and re-tighten financial conditions. For that reason, we could see a healthy short-term correction in crypto and all risk assets, Chris Weston, head of research at Pepperstone also has some interesting points here https://lnkd.in/dhHMQkjB.

📈 The global crypto market may have pumped due to inflation numbers released but the job crypto job sector is still facing winter.

🥶 Cointelegraph summarized a report https://lnkd.in/dZNCM6v5 that states Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise This month 14 firms announced staff reductions, including Coinbase, Gemini, Digital Currency Group, ConsenSys & Blockchain.com. Prime Trust has laid off one-third of its staff

📊 Market info: ❗ Glassnode’s weekly insights state Bitcoin markets have seen the strongest monthly price performance since Oct-2021, fuelled by both historic spot demand, & a sequence of short squeezes. The insight here https://lnkd.in/d-2MJa-t explore the dynamics taking place in both derivatives markets and the spot exchanges.

❗ CoinShares weekly blog via Medium ‘Digital Asset Fund Flows Weekly Report’ saw Inflows of US$117m last week, & Bitcoin was the investor favourite (US$116m inflows last week) Detailed information here https://lnkd.in/dTdakdYF

❓ How will this change this week once the Federal Reserve Board chair goes live tomorrow to discuss the interest rate hike?

❌ Celsius was a Ponzi scheme? CoinDesk has reported that Celsius used new customer funds to pay for withdrawals. The article states Celsius misled its investors — and on occasion used new customer funds to pay for other customers’ withdrawals, the usual definition of a Ponzi scheme, an independent examiner for the New York bankruptcy court said in a Tuesday filing. Article here https://lnkd.in/dUKnHBGY & official filings here https://lnkd.in/d4cAMz-v

⚽ Cointelegraph has reported that Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Premier League digital cards will be available for initial purchase on Sorare before being available for trading on compatible marketplaces like OpenSea.

🚨 Two UAE news: ( See slides) ⚡ DIFC Metaverse Platform launched to promote Dubai as a global metaverse leader ⚡ The Metaverse Frontier “ Metaverse podcast written by chatGPT & AI-enabled voice by Blockchain DXB

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