Blockchain DXB: Crypto & Coffee at 8 ☕ 19th Aug 🔴 👀 Monero Prep Tari Token ⚡Franklin Templeton Files Bitcoin and Ethereum ETF 🟢 Ethereum Gas Fees 🔻 Nigerian Court Freezes $38M❗

19th Aug: Crypto & Coffee at 8 

👀 Monero Prep Tari Token ⚡Franklin Templeton Files Bitcoin and Ethereum ETF 🟢 Ethereum Gas Fees 🔻 Nigerian Court Freezes $38M❗

❗ Monero developers are launching the testnet of their Tari Universe desktop application for mining the eponymous 

🌟 Tari token in less than a month on 12th September. Tari aims to simplify cryptocurrency mining by allowing users to mine Tari tokens using regular computers, similar to early Bitcoin mining. Tari will use a proof-of-work algorithm and benefit from Monero’s security via merge mining but remains a separate blockchain. The project includes airdropped tokens for community engagement and features two mining modes: ECO for low-resource use and Ludicrous for higher intensity. The goal is to make crypto mining accessible to a new generation without expensive hardware. More info here https://universe.tari.com/ Details of the news via Decrypt here https://shorturl.at/IMCzK 

🚨 Basket of crypto funds: EZPZ

- Franklin Templeton has filed to launch the Franklin Crypto Index ETF (ticker: EZPZ), which aims to expose investors to a range of crypto funds. The ETF would track the CF Institutional Digital Asset Index, initially including Bitcoin and Ethereum. Coinbase will serve as the custodian for the fund. This move follows Franklin Templeton’s recent spot Bitcoin and Ethereum ETFs launches. Info via U.S. Securities and Exchange Commission here https://shorturl.at/O4dzK 

👀 Ethereum's gas fees plummeted to a five-year low last week. The fees represent a more than 95% drop from the 83.1 gwei levels in March when the network saw a spike in activity. 

- The decrease, with fees dropping to as low as 0.6 gwei, is seen as a potential bullish sign for ether (ETH) prices, according to analyst Ryan Lee. The drop is attributed to reduced demand for Ethereum’s block space and the migration of activity to faster, cheaper blockchains like Solana and Layer 2 solutions, along with improvements from the Dencun upgrade. Additionally, the lower fees have led to an increase in ether’s supply, with nearly 16,000 ETH added in the past week. Info via Cointelegraph here https://shorturl.at/bbsxZ 

🟢 A Nigerian court has frozen $38 million of $50 million in cryptocurrency allegedly sent to support protests against rising inflation. The Economic and Financial Crimes Commission (EFCC) requested the freeze on four wallets tied to the #EndBadGovernance protests. Authorities claim that the cryptocurrency contributed to the naira's devaluation and inflation. The freeze is part of a broader crackdown on crypto and exchanges like Binance, which Nigeria accuses of facilitating untraceable fund transfers and tax revenue loss. 

❗ This would only be possible if a Centralized Entity or Exchange has been used

🟠 Two UAE news (See slides)

⚡ Dubai court recognizes crypto as a valid salary payment - Cointelegraph

⚡ Dubai to host AI & Web3 Festival on September 11-12

For slides click here: https://shorturl.at/ua0ks

LinkedIn Profile: ⁠⁠⁠https://tinyurl.com/bdeevbru⁠⁠⁠

Podcast Host: @black_incarnation

⚡ Buy me Coffee ☕

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.buymeacoffee.com/info36/w/6987⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

To show your support see below

⚡ Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e ⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d

⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28