Dubai: Crypto & Coffee at 8: 🚨 07th Dec 🚨 Bitcoin holders realized 14x more losses than profits recently 🧐 CBDC update in Nigeria ⚡Who could be Satoshi Nakamoto? ⚡Bitcoin Price Volatility explained
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07th Dec 🚨 Bitcoin holders realized 14x more losses than profits recently

👀 20th Oct 2021 Glassnode mentioned via Twitter 99.705% of the #Bitcoin supply is currently in profit. Fast forward to 6th Dec 2022 they mentioned via weekly insights “A Capital Reset” that Bitcoin holders realized 14x more losses than profits recently. Technical analysis can be found here https://lnkd.in/e3s3cfXn

💥 CoinShares weekly blog via Medium states that assets under management in short-bitcoin products fell by US$27m last week. A minor sign of hope is that sentiment towards Bitcoin improved last week with inflows totalling US$11m. Article here that discusses the digital asset fund flows https://lnkd.in/eAcqYw3W

⚡ Seeking Alpha also states Bitcoin remains below the 200-day moving average in disconnect from US stocks. Currently lagging behind U.S. stocks, which are slowly starting to show signs of recovery following a protracted period of risk-off sentiment. Article here https://lnkd.in/eAcqYw3W

👨🏼 Peter Schiff a detractor of Bitcoin also chimed in and mentioned via Twitter #Bitcoin is not a threat to the dollar. It’s only a threat to the net worth of those who buy it. He does make a valid point tbh

🧐 CBDC update in Nigeria ❗A year ago Nigeria launched its Central Bank Digital Currency (CBDC) it has now capped cash withdrawals to get more people to go cashless. Nigeria has imposed limits on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira. Official information here https://lnkd.in/eyk9eZn8 The Central Bank of Nigeria (CBN) applied new limits on over-the-counter withdrawals at just ₦100,000 ($225) per week for individuals and ₦500,000 ($1,123) for businesses.

🟠 These are some of the many drawbacks of CBDC & BLOCKDATA have released a report The State of CBDCs in 2022 It gives critical information on How central banks around the world are dealing with the knotty issue of CBDCs such as the United States, Russia, EU, Japan, Canada, India & more. It discusses companies partnering with central banks to issue CBDCs. https://lnkd.in/eYAVZAFm

💥 On Tuesday Chainlink (Chainlink Labs) started staking and 7 million LINK tokens were locked in the first 30 minutes. A total of $51 Million Inflow The program, which opens for general access on Dec. 8, lets people earn rewards in order to maintain the protocol’s performance and keep it more secure. Stakers will be unable to unlock or move their LINK rewards until the next version of the protocol is released. That is expected in 9–12 months More info via the blog here https://lnkd.in/e2hC6Drt As per the article via CoinDesk states Chainlink plans to scale up to 75 million LINK over time. Some 500 million tokens are currently in circulation. https://lnkd.in/eA-iTufE

Two UAE News: (See slides)

Who could be Satoshi Nakamoto? Why he matters & why he doesn’t? explained by Blockchain DXB Bitcoin Price Volatility ( Demand vs Supply ) explained by Blockchain DXB #backtobasic

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