Episode Details

28th June: Crypto & Coffee at 8 🎙️
🟢 Bitcoin Cash BCH up by 112.06% 🚔$26 Million in Crypto seized Linked to Terraform Labs ❓ WTF is Web3❓- survey by YouGov & Consensys 💰MosaicML, NoTraffic, and CalypsoAI raise $2 Billion

🟩 Bitcoin Cash is up by over 100% in the last 7 days CoinDesk article states that the latest technical improvements and a listing on EDX Markets have likely fueled trading interest in bitcoin cash tokens. The technical updates ie CashTokens could be used for various applications, from payment stablecoins and commodities to gift cards and event tickets.

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we explore this news in detail. We also look at the global crypto market, #defi, #stablecoins and more

🔶 Terraform Labs update:
👮🏻 Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were confiscated from Sygnum Bank, a crypto bank based in Zurich. The U.S. Securities and Exchange Commission is said to have played a significant role in this operation. News via Digital Asset, a South Korean news publication here https://lnkd.in/dbrmxccF

🔴 What happens to the fund seized?

😡 WTF is Web 3.0?
📈 YouGov & Consensys conducted a global web3 perception survey in 15 countries across all continents. This multi-country study aims to provide a global and regional view of the perceptions people have around crypto, NFTs, Web3, blockchain, and the metaverse It also aimed to understand people’s feelings about the current internet and whether or not recent centralized financial crypto company bankruptcies have affected the sector. The full report and country-specific summaries are available for download here https://lnkd.in/d9gR8YKG

❗ Key highlights from the survey are
- Only 24% of people worldwide are familiar with the concept of web3.
- Data privacy is considered important by 83% of respondents globally.