Episode Details

15th May: Crypto & Coffee at 8
🔥 US debt ceiling + Bitcoin ⚡ Scary crypto volume ⚡ Pepecoin vs Coinbase 💥 Binance leaves Canada ❗LG Electronics NFT news ❗
 

💥 Joe Biden said on Saturday that talks with Congress on raising the U.S. government’s debt limit were moving along and more will be known about their progress in the next two days ie today 15th May. Reuters article states Biden is expected to meet with Republican House Speaker Kevin McCarthy and other congressional leaders early next week to resume negotiations. Article here https://lnkd.in/dj3Hwpqy
 

❗ The US debt ceiling: $31.4 Trillion The U.S. Department of the Treasury says it could run out of money by June 1 unless lawmakers lift the nation’s debt ceiling.
 

🚨 Check out Blockchain DXBs Crypto & Coffee at 8 podcasts where we discuss this in detail & share our opinion on What the US debt ceiling is, How it will impact the price of the Bitcoin & Crypto market?
🚀 Debt limit increase — Bitcoin 🚀

- 24hr volume for #defi is Scary (See slide 1 & 2) Less than $2 Billion
- 24hr Stable coins volume is probably the lowest since the last few years

💥 Pepecoin vs Coinbase
Coinbase states that Pepecoin is a symbol of hate and it represents Far right ideologies. Because of the news PEPE token sunk 32% in a day, dropping out of the TOP 50. The Pepecommunity has fought back with #pepeislove Paul Grewal has mentioned via Twitter “We screwed up and we are sorry” & the official blog has also been updated here https://lnkd.in/dkpeMiKT
 

❗ Despite the apology, Coinbase didn’t list $PEPE or give any promises in regard to the frog-themed meme coin’s inclusion.
 

🔥 Binance on 12th May announced that they will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace. Canadian users will be receiving an email with comprehensive information on how this will impact their accounts going forward. Official info via Twitter states new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canadian market no longer tenable
for Binance at this time. https://lnkd.in/d7cgjgkd

💥 NEWSBTC published an article stating A recent report published on