Episode Details

30th May: Crypto & Coffee at 8
🚨 Bank of Japan: CBDC project 💥 Reddit, Inc. hits $32M in NFT sales ❗Gemini Trust Company and Genesis Global Capital V/S U.S. Securities and Exchange Commission ❗
 

🚨 In 2023 & moving forward Central Bank Digital Currencies are going to go mainstream! The biggest threat to CDBC is Stablecoins & Centralized money transmitter protocols such as Ripple The Bank of Japan (BOJ) has released the results of the second phase of its central bank digital currency (CBDC) proof-of-concept (PoC) experiment and confirmed that its CBDC pilot project launched on schedule in April. The second-phase PoC ran for a year, from April 2022 to March 2023, and considered functions to complement the basic ledger functions tested in the first yearlong experiment. More info via Cointelegraph here https://lnkd.in/d3W6d8j9
 

💥 Blockchain DXB has an event on CBDC where we explore Central Bank Digital Currency: The Basics, Threats to Freedom & Metaverse. Register for the session via Eventbrite here https://lnkd.in/e2RSkyt5
 

💥 Reddit, Inc. onboards 10 million users into its NFT ecosystem. . Launched in July 2022, the series of non-fungible tokens seems to be loved by their large community as they are unique, affordable, and stored on one of the most secure blockchain platforms, Polygon (MATIC). More info via DailyCoin here https://lnkd.in/ddXHrYDK A great summary here:
- Reddit counts almost 10M NFT holders a year since Web3 push.
- The most expensive Reddit avatar was sold for nearly $50,000.
- Reddit dished out around 2,000 NFTs a month since January 2023.

💥 SEC vs Crypto world
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. More info via Bitcoin.com here https://lnkd.in/dUEQH_75

❗ As per the court filing here, https://lnkd.in/dwG6TmtR The lawyers argue that the SEC is attempting to transform the Earn program into something it was never intended to be.

🚨 Check out the Blockchain DXB podcast to listen to our commentary on this! We also share our thoughts & opinions on the global crypto market and we look at #defi, #stablecoin volumes, the number of people using DApps and a lot more

⚡ We also give an in-depth analysis of Monero in today’s episode where we c