Episode Details

03rd May: Crypto & Coffee at 8
🚨 FOMC meeting: today 🔥faces class action lawsuit 💥 Dangers of AI 🚀Sotheby’s NFT Market place

🚨 FOMC Meeting
❗ Federal Reserve Board Chair Jerome Powell will be announcing the interest rate hike official information available here https://lnkd.in/d8QBGRX3. We strongly recommend watching the session live via YouTube as it would have a massive impact on the price of #bitcoin & #cryptocurrencies

❗ How will this news impact Bitcoin & Cryptocurrencies?
- 25bps — Good
- 50bos — Bad
- 75pbs — Terrible

💥 Blockworks article states crypto dips, equities trade sideways ahead of Fed rate decision & that Analysts largely agree the central bank will opt for a 25basis point increase, and the market is betting on this being the last. Article here hike. https://lnkd.in/dSa2EfYX

🚨 Forbes last week mentioned that The FOMC will likely deliver its third consecutive quarter of a percentage point rate increase, Could This Be the Fed’s Final Rate Hike? This was before the collapse of First Republic Bank https://lnkd.in/dW9DaD7z Two important considerations for Jerome Powell will be
- US Debt ceiling
- Banking collapse

💥 Coinbase faces suit over alleged privacy violations in biometrics collection. The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans. Official filing here https://lnkd.in/d4eXUDrb Cointelegraph has a great summary on this here https://lnkd.in/dV4HBANG

💥 Check out Blockchain DXB’s crypto & coffee at 8 podcast where we explore this & more in detail & discuss how Coinbase is violating certain provisions of Illinois’ Biometric Information Privacy Act (BIPA).
 

🚨 Dangers of AI
Dr Geoffrey Hinton the Godfather of AI’ resigns from Google and warns of the dangers of AI. The full interview with The New York Times is here https://lnkd.in/d4tymcB4 For half a century, Geoffrey Hinton nurtured the technology at the heart of chatbots like ChatGPT. Now he worries it will cause serious harm. He also mentioned via Twitter “ I left so that I could talk about the dangers of AI without considering how this impacts Google”. His tweet here https://lnkd.in/dp3aRVhC

🚨 Sotheby’s launches an On-Chain NFT mark