Episode Details

17th May: Crypto & Coffee at 8
🚨 European Union: Crypto rules, 🔥 Peter Schiffs 214th prediction about an economic depression. ❗ Doge coins DRC-20 ⚡ Bitcoin Lightning company River raises $35M

🚨 European Union states approve the world’s first comprehensive crypto rules. New tax transparency rules will help Member States shine a light on the crypto-asset sector The rules are expected to be rolled out from 2024. Info here https://lnkd.in/dVsHeyX4
They gave the final nod to the world’s first comprehensive set of rules to regulate crypto assets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up.

❗ Important to note! They agreed on a requirement that from January 2026 service providers obtain the name of senders and beneficiaries in crypto assets, regardless of the amount being transferred. Info via Reuters https://lnkd.in/d9jD3Gw8

🔥 Bitcoin detractor and gold advocate Peter Schiff has once again for the 214th time predicted and warned about a new, incoming great depression crisis, and he has criticized misleading inflation numbers. He is also indicating that the real inflation number should be currently closer to 10%. More information via Bitcoin.com here https://lnkd.in/dgNijiAz His main reasoning being the left-leaning administration will be raising the debt ceiling again

⚡ What do u think of his predictions?
- He has to be right if he keeps predicting all the time.

🚨 Doge coin DRC-20
DailyCoin states NFTs inscribed onto Dogecoin (DOGE) are becoming a reality with the recent DRC-20 protocol launch. As the name suggests, the technical setup mimics BRC-20, the Bitcoin Ordinals NFT protocol that was a huge hit in the NFT community earlier this year. Article here https://lnkd.in/dcuGQ9yn
 

⚡ Key highlights:
- DRC-20 protocol inscribes parts of digital artifacts onto ‘Elons.’
- Elon’ is Dogecoin’s replica of the ‘Satoshi’ particle for BRC-20.
- Dogecoin soars in trading activity, but daily charts remain bearish.

⚡ Lightning Network NOT Blockchain
- A narrative strong among Bitcoin Maximalist is slowly but steadily gaining popularity & Bitcoin Lightning company River has raised $35M amid a ‘new wave of institutional adoption’ Alexander Leishman, CEO & CTO of River has said “We’re seeing another wave of Bitcoin interest, largely driven by business & institutional adoption,” & “It’s not fueled by hype.” more info via Cointelegraph here https://lnkd.in/d-THa4nj

❗ River was an early adopter of the Lightning Network, similar to Bitfinex & Kraken Digital Asset Exchange Digital Asset
 

🚨 Two UAE news: (See slides)
⚡ Metaverse: