13th April: Crypto & Coffee at 8 🎙️
🔴 CPI numbers: Inflation 5% 📊 Ethereum Shanghai Upgrade news ❗ TVL to the 🚀 ❌Canada: Paxos, dYdX & OKX leave Canada ❌

🔴 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.% in March on a seasonally adjusted basis, after increasing 0.4 % the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all-items index increased 5.0 per cent before seasonal adjustment. Official news here https://lnkd.in/dZBYUEsx How has this impacted the price of #BTC, #ETH & global #crypto market? See slides 1 & 2 below for a details breakdown

🗞️ Barron’s article states that Inflation data from March might be strong enough to push the Federal Reserve Board to raise interest rates again next month. The FOMC meeting is scheduled to take place on 3rd March.

👨🏼‍💼 Economist Harry Dent expects the biggest crash in our Lifetime to hit between now and mid-June. He said this in an interview with David Lin Interview via YouTube here https://lnkd.in/dE9YzkmC Some of his predictions are”
- S&P 500 to go down 86%
- Nasdaq to crash by 92%
- #Bitcoin will go down more like 95%, or 96%.

❗ Note: All price predictions are 100% right, 50% of the time

👀 Ethereum Shanghai Upgrade: The Shanghai upgrade was triggered at 22:27 UTC, and finalized at about 22:42 UTC. Roughly half an hour after the Shanghai upgrade was activated, some 285 withdrawals in epoch 194,408 had been processed, for about 5,413 ETH ($10 million worth), according to Beaconchain. CoinDesk has great summer on this here https://lnkd.in/dA2vdN9J

🎙️ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we give our commentary on this & more

❌ What is going on in Canada 🥶
🔥 Paxos, the company joins others that have decided to depart from the country in the face of increased regulatory requirements. Official information here https://lnkd.in/dkDQdd5M They have mentioned that Paxos will continue to assess its readiness to re-enter the Canadian market in cooperation with the OSC at a future date.

🔥 dYdX has also decided to shut down operations in Canada over unfavourable regulations Official https://lnkd.in/dWNdYAng

🔥 A few weeks ago OKX also decided to pull out of Canada citing “new regulations” OKX exchange notified its community via email that the platform would not allow opening new accounts and would cease its services in Canada by March 24, 2023

🔷 Blockchain.com and Deribit are widely touted to halt their services

🔴 Two UAE news ( See slides)
⚡ Dubai Customs introduces metaverse to revolutionize customs leadership development
⚡ World Metaverse Council is a strategic partner for the Riyadh event

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Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 13th April 🚨 🔴 CPI numbers: Inflation 5% 📊 Ethereum Shanghai Upgrade news ❗ TVL to the 🚀 ❌Canada: Paxos, dYdX & OKX leave Canada ❌ 36:19 Share

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Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 13th April 🚨 🔴 CPI numbers: Inflation 5% 📊 Ethereum Shanghai Upgrade news ❗ TVL to the 🚀 ❌Canada: Paxos, dYdX & OKX leave Canada ❌