Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 02nd Feb 🚨 Federal Reserve Board increases the interest rate by 25bps 🔺 Crypto market is up by $400M 👀 Update regarding Meta's financial earning's
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02nd Feb: Crypto & Coffee at 8 🎙️ 🚨 Federal Reserve Board increases the interest rate by 25bps 🔺 Crypto market is up by $400B! (See slides 1 & 2 below)

🔴The crypto market looks 💚 We strongly recommend watching Jerome Powelle’s via YouTube here https://lnkd.in/drUTMG6r. Mainstream media often puts on incorrect messages vastly different from what the Fed chair has said

📊 Seeking Alpha has stated that #BTC, and #ETH pop as traders cheer Powell’s disinflation comments. According to the article, #BTC changed hands at $23.44K as of 3:30 p.m. ET, rising 1.5% so far in the session, and ether #ETH climbed 2.6% to $1.62K. The currently bullish price action coincided with risk-on sentiment towards the stock market, with the Dow Jones up 0.1%, S&P 500 +1.0% and Nasdaq +1.9%.. It’s going to be interesting to see the price 4 -5 hours after mainstream media picks up news regarding the interest rate hike. Article here https://lnkd.in/dNfZzDaA

🔥 Reuters has reported Lebanon devalues the official exchange rate by 90%. 1st time in 25 years https://lnkd.in/dt4qws2k Dr. Saifedean Ammous has an excellent video ‘Late Stage Fiat Adventures: Lebanon a must watch here https://lnkd.in/d_a9W_Qy The National News states that this move costs banks about $8bn https://lnkd.in/dzuB4tY2

❓ Should the banks start to keep Bitcoin on the balance sheet?

👀 Update regarding Meta! 🔺 Meta gets court win in metaverse acquisition plans Bloomberg has reported that Meta Wins court nod to buy Virtual Reality startup Within Unlimited, Inc. More info here https://lnkd.in/dXcdQtm7 Could this mean monopoly & Centralization in the Metaverse?

🔺The holiday season has been great for Meta as their sales beat expectations & share prices have gone up. Another article here reported better-than-expected sales during the holiday quarter, fuelled by strong demand for advertising as it attracted more users to its Facebook social network. https://lnkd.in/dwyAam3V

🔻 However, a contradicting view is published by CoinDesk that states Facebook’s Parent Meta’s Metaverse Division Lost $13.7B in 2022 The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million. Article here https://lnkd.in/dSXdGf6k & official filings here https://lnkd.in/diNU78XX

🚨 The Office of Foreign Assets Control of the U.S. Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals.. Russia-related Designations; Counter Narcotics Designation Update can be found here https://lnkd.in/dSTyk_sK

💯 For Validators of Proof of stake protocols, it’s an absolute must to make sure these are not updated in the Block of transactions!

🚨 Two UAE (See sides) ⚡ Abu Dhabi University and 5ire collaborate to advance blockchain education and research ⚡ SOLDAIT launches payment gateway in UAE

For slides click here: https://tinyurl.com/23dkvyer

LinkedIn Profile: https://tinyurl.com/569zh78j

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