Dubai: Crypto & Coffee at 8: 29th June 2022 ⚫Tether.to USDT a Black Swan event for Cryptocurrencies?⚫
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29th June ⚫Tether.to USDT a Black Swan event for Cryptocurrencies?

🗣️ Paolo A. CTO at Tether and crypto exchange Bitfinex posted a series of very important Tweets https://bit.ly/3ysLSHe stating there are some attempts from some hedge funds that were trying to cause further panic on the market. Definitely, a must-read via Twitter. NEWSBTC article states that according to the rumours, hedge funds have been opening short positions on Tether (USDT) & and have been actively seeking to create panic in the crypto industry to affect the stablecoin. Article here https://bit.ly/3HY6LNm

👀But what’s going on with Stable Coins? Volume is incredibly low yet accounts for almost 90% of the total crypto market 24-hour volume. Tether.to USDT still accounts for $40.8B of all stable coin volumes ie $50.9B, Extremely low volume. Decrypt also shared an article here https://bit.ly/3npRnjk shows Tether’s market cap has dropped by 19% since the start of May, while Circle’s USDC has climbed by 5%. The 24-hour trading volume is still extremely low though. We have also noticed companies accepting cryptocurrency (USDT) have also recently switched to accepting USDC.

🎙️Check out our Blockchain DXB podcast for the 27th where we answered a question on why USDC volume was up since the last quarter of 2021 & if Tether USDT could be a Black Swan event for the entire crypto industry. Podcast links here

Spotify: https://spoti.fi/3y3Fapq iTunes: https://apple.co/3u4Iak7 Google: https://bit.ly/3ysvrL0 Pocket Casts: https://bit.ly/3AetgMa

👹As the Bitcoin Fear & Greed Index is down to Extreme Fear 10 Gonzalo Perez del Arco, director of government affairs in South Europe for card payment giant American Express, believes that making payments with crypto is not cost-effective at present. This statement was given in an exclusive chat with Cointelegraph editor Aaron Wood at European Blockchain Convention 2022 Article here https://bit.ly/3OmR4lj

💡⚡All these scenarios make perfect situations for Central Banks across the world to denounce cryptocurrencies, and highlight risks associated with volatility & rug pulls such as Terra Luna. Does it create a perfect use case scenario & advertisement for entry of Central Bank Digital Currencies?

📚Blockchain DXB has an event via Eventbrite that would tackle all these scenarios. Registration link here https://bit.ly/3Np7mZz

👻Memecoins Crypto.com issued an update to its customers that effective 27 June 2022 $FTM, $ZIL and $NEAR are now available for Crypto Earn & and Revised Rates for Select Stablecoins & the following tokens will no longer be available on Crypto Earn: SHIB, DOGE, XTZ, MKR, EOS, OMG, FLOW, KNC, ICX, COMP, BIFI, ONG, GAS, STRAX, BNT Official info here https://bit.ly/3A7uoBi

UAE news (Check slides )

• Ifza Dubai to plant 10,000 mangrove trees by November: Track trees on Blockchain
• Sheikha Hend Al Qassemi joins Web3 art tech startup Artfi

For slides click here: https://bit.ly/3ysQpt9

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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