Dubai: Crypto & Coffee at 8: 🚨 14th Dec 🚨 😱Binance FUD on crypto Twitter 🚨 The White House is silent on whether it will return $5.2M in donations from Sam Bankman-Fried🚨 PayPal is Metamask ready
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14th Dec 😱Binance FUD on crypto Twitter Changpeng Zhao did respond stating “FUD helps us grow, even though they are thoroughly annoying” . BUT Jesse Powell, founder & former CEO of Kraken Digital Asset Exchange see Big Red Flag’, Criticizes the Recent Proof-of-Reserves Report by Binance as he feels it is more of an attempt at proving collateral rather than proving reserves. He tweeted on the 11th https://lnkd.in/d4ms354a

🔻 Amidst the chaos, Binance did see the largest withdrawal in its history. CZ was very positive and took it as a good test for exchanges. Great tweet here https://lnkd.in/d49Ebni7

🗣️CZ was also live for over an hour and must listen to be updated with the information from 1st source. Listen to him live via Twitter space here https://lnkd.in/dxwGVpVk

🔴 Decrypt article states Binance experienced a historically high number of withdrawals this week, processing net outflows of roughly $3.66 billion on December 12, the most since June, according to Nansen data. & that CZ has told employees the next few months will be bumpy. Here https://lnkd.in/dXUBtYfX

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🔵 The White House is silent on whether it will return $5.2M in donations from Sam Bankman-Fried former CEO of FTX The Associated Press reporter Zeke Miller asked the press secretary “Will the president return that donation?” but Jean-Pierre responded, adding she was “limited on what I can say.” Full video via YouTube here https://lnkd.in/d3qu_MNU Cointelegraph has a detailed article on this here https://lnkd.in/dCd8Mk3m

🚨 The U.S. Commodity Futures Trading Commission (CFTC) has again labelled Ether ETH as a commodity, this time in a Dec. 13 court filing. This is in contrast to statements from chief Rostin Behnam who during a crypto event at Princeton University on Nov 30th, suggested that Bitcoin was the sole cryptocurrency that should be viewed as a commodity. Cointelegraph article has more info on this here https://lnkd.in/dZPKqs5w

‼️ PayPal is currently working MetaMask to offer an easy way to buy Crypto. Users will be able to buy and transfer ether from PayPal to MetaMask. The official blog here https://lnkd.in/dmNZfrmP confirms that This new functionality is available to select U.S. users starting today and rolling out to all eligible U.S. customers in the coming weeks ConsenSys

💥 Two UAE News: (See slides) ⚡ Morningstar Ventures invests $5mln to open ‘37xDubai ⚡ Dubai’s DIFC introduces new rules for Digital Economy Court DIFC Courts

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