Dubai: Crypto & Coffee at 8: 🚨17th Aug🚨 Alex Mashinsky is making headlines ! ⚡ Ethereum proof-of-Stake⚡ 👮 Law & Crypto 🚔Federal Reserve Board has published an open letter & SEC fines Dragonchain
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17th Aug

🚨 The very 2nd line of the Bitcoin white paper “……but the main benefits are lost if a trusted third party is still required to prevent double-spending” Not your Keys, Not your Crypto is such as basic concept but people still fail to understand its importance. Celsius a bankrupt cryptocurrency lending company led by Alex Mashinsky is making headlines as a report emerges that he took control of Celsius’s trading strategy months before bankruptcy Finance Magnates has detailed information here https://bit.ly/3PtNmG8

⚡ Ethereum proof-of-Stake

As Ethereum moves to Consensus Layer (ETH2) Coinbase has mentioned to its users what to do via their blog here by Armin Rezaiean-Asel https://bit.ly/3ArKNQU. They will briefly pause new Ethereum (ETH) and ERC-20 token deposits and withdrawals as a precautionary measure & also to be on high alert for scams Marc-Thomas Arjoon, CFA from CoinShares posted a good blog Medium that share more information when Ethereum Merge Updates, A good read here https://bit.ly/3Cg0mwp Kevin Zhou from Galois Capital known to speak things to existence in the crypto world has a different outlook on the Merge. Follow him on Twitter here as he expects 3 forks of Ethereum https://bit.ly/3w4YhPO. A Decrypt article states that Singapore-based Bitrue joins a growing list of exchanges that will list ETHW and associated tokens and contracts, info here https://bit.ly/3C6PT6h A previous article also stated Binance is not ruling out support for Ethereum proof-of-work fork as the exchange said it would “evaluate” whether or not to list ETHW https://bit.ly/3c2EidR

👮 Law & Crypto 🚔

Federal Reserve Board has published an open letter directing Fed-supervised banks to make sure they check first that any crypto-related activities they want to undertake are legally allowed Official info here https://bit.ly/3CaDbTW It applies to all banking organizations supervised by the Federal Reserve, including those with $10 billion or less in consolidated assets. The supervised banking organization must ensure Legal Permissibility & Notification of Proposed Activities to lead supervisory point of contact. A straightforward & simple letter & definitely a good move.

Security Exchange Commission has filed a complaint against An Open-source hybrid blockchain platform Dragonchain for unregistered Initial Coin Offering Official filing. Clearly broke the Howey Test. Filing here https://bit.ly/3bV0R4d Based on the filing it clearly states that Dragon chain’s marketing material explicitly states that the value of tokens would increase as adoption of its technology grew. Some detailed & clear information on Twitter profiles regularly reposting investment value-related tweets & more.

👻Bored Ape Yacht Club Collectors & Enthusiasts 👻

Anonymous group’s message for Enthusiasts of the NFT Collection, BAYC via YouTube here https://bit.ly/3QsEhyI Some important public issues mentioned in the video

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