🚨Unfiltered Crypto Insights 22nd Aug 🚨 Live with RA George (Blockchain DXB) and Markose Chentittha (Society X) : Live via LinkedIn at 10:00 AM GST

Podcast Show Notes

Title: Blockchain DXB & Society X LinkedIn Live - August 22, 2024

Time: 10:00 AM GST

Host: Markose Chentittha & RA George

1. Tether UAE Dirham-based Stablecoin:

   • Collaboration between UAE’s Phoenix Group PLC and Green Acorn Investments Ltd.
   • Seeking licensing under the UAE Central Bank’s Payment Token Services Regulation.
   • Addressing fake news on LinkedIn about the project and market cap.
   • Overview of the FSRA - ADGM consultation paper on Fiat Referenced Tokens (FRT).
   • Question raised: Does Tether have an external audit? Mention of BDO Italy.

2. Monero Tari Token:

   • Launch set for September 12, 2024.
   • Designed to simplify cryptocurrency mining using regular computers.
   • Features Proof of Work, with an airdrop planned.
   • Two versions: ECO for low-resource use and Ludicrous for higher intensity.

3. Bitcoin Mining:

   • Current challenges with declining performance.
   • Bitfarms' acquisition of Stronghold Digital and potential centralization concerns.

4. MetaMask Mastercard:

   • Limited release for a select group in the EU and UK.
   • Functions like a debit card, allowing users to maintain control over funds until payment.

5. Bitconned (Netflix Documentary):

   • Discussion on whether this reflects a step back to Web2 principles.

6. China's Stance on Virtual Assets:

   • The Supreme People’s Court and the Supreme People’s Procuratorate now recognize virtual asset transactions as money laundering.
   • Offenders may face fines and prison terms, with potential implications if similar regulations are adopted in India.

7. Dubai Court and Crypto Payments:

   • Addressed fake news regarding Dubai court recognizing crypto as a valid salary payment.
   • Clarified by Irina Heaver, partner at UAE law firm NeosLegal, that payments in the UAE are governed by Central Bank Regulations, with AED being the only legal tender.

8. Crypto Market Overview:

   • Flat movement, low stablecoin activity.
   • Noteworthy anomaly: Orca’s volume exceeding $2.7B on the 20th with no clear explanation.
   • DEX on Solana surpassing Ethereum in top 5 volumes; DeFi volume below $4B.

9. Markose Update:

   • Upcoming events and sessions for September:

10. RA George Update: Upcoming events and sessions for September:

• Bitcoin Beginner Session
• Bitcoin PESTLER Analysis
• Stablecoin and Metaverse Event
• CBDC Event