Episode Details

20th June: Crypto & Coffee at 8 🎙️
🔴 Project Rosalind by Bank for International Settlements — BIS 📊Technical analysis by Glassnode 🛠️ Bitcoin Mining Difficulty ❌ Binance UK cancelled

🚨 Project Rosalind: CBDC with Smart Contracts
Bank for International Settlements — BIS mentioned via Twitter from the #BISInnovationHub London Centre & Bank of England, explored how a universal and extensible #API layer could connect central bank and private sector infrastructures and facilitate retail #CBDC payment. The project is named after British scientist Rosalind Franklin, whose work was key to understanding DNA sequencing. Info here https://lnkd.in/dmibVD24

🚨It’s important to note The project is purely experimental and does not reflect any intentions by the Bank of England on CBDC policy, design or launch.

🟠 Glassnodes weekly insight states Volatility, volumes, and realized values are at multi-year lows, indicating that Bitcoin investor apathy is firmly in play. But HODLers continue their classic slow and steady accumulation, with the halving now less than 1yr away. Info here https://lnkd.in/d_2rQMjW

🎙️ Check out Blockchain DXBs Crypto & Coffee at 8 podcasts we share our
thoughts on this. We also explain Circle USDC and look at its history & drama with Binance BUSD & more
 

🚀 Bitcoin Mining Difficulty
- The Bitcoin network has witnessed a consecutive surge in mining difficulty during the past three retargets, and now a fourth increase is slated for June 27, 2023. The block generation time, averaging less than ten minutes indicates that the difficulty is projected to climb by an estimated 2.1% to 2.33% based on the latest statistics. Info via Bitcoin.com here
https://lnkd.in/dqxAZHMF

🚀 Bitcoin Ordinals Inscription adds data to transactions, causing the mempool to fill up and increasing transaction fees. This attracts more miners, making mining more difficult. The mining difficulty adjusts every 2016 block, around every two weeks, to maintain a stable block generation rate.

❌ Binance UK
- The UK subsidiary of Binance has cancelled its registration with the Financial Conduct Authority (FCA). Official news by FCA is here https://lnkd.in/dNemk3_Y. Now Binance UK can no longer provide regulated activities