Episode Details

10th August: Crypto & Coffee at 8 🎙️
🔻Binance BUSD market cap🔻 Russia CBDC with 13 banks💥 Blockchain.com license in Singapore 🚨Aptos Labs ➕ Microsoft👏🏻

💥Binance BUSD market cap is Summoned for Sacrifice and is down from $16B to $3.39B Proof of Reserves can be found here https://lnkd.in/drXZcSAm Cointelegraph has reported that Binance sold USDC for BTC and ETH after Silvergate Bank collapse. Binance’s depleting USDC reserves have become a hot topic in the crypto ecosystem, especially after. The latest reserve audit suggests Binance holds more than enough crypto and cash to cover user funds. The ratio of Binance’s net balances to its customers’ net balances is more than 100% for all its assets as shown in the snapshot below. Article here https://lnkd.in/dtJkGfxd

🚨 See slides 1 & 2 below to get a detailed breakdown of #defi, #stablecoins #marketcap & more. Also, check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we share our commentary on this

💥 Central Bank of the Russian Federation (Bank of Russia) revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital rubles. The test will begin on Aug. 15. Official info here https://lnkd.in/d62hh_2m Cointelegraph article indicates that the pilot tests will involve the participation of 13 banks and a restricted group of their clients. https://lnkd.in/d9c25PPJ

🌟 Blockchain.com
⚡ Blockchain.com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in the jurisdictions where it operates. It received in-principle approval from the Monetary Authority of Singapore (MAS) in September, last year. Info here https://lnkd.in/danV3jhC

👏🏻 Aptos to the 🚀
⚡ Aptos Labs and Microsoft have announced a strategic partnership to showcase the convergence of artificial intelligence (A.I.) and blo