Episode Details

31st Oct: Crypto & Coffee at 8
🚨 UK: Stablecoin regulations ◼️ VanEck amends Bitcoin Spot ETF Application 📊 Bitcoin blockchain new metric ATH ⚡ Steve Aoki on Stepn’

⚡ The UK government has issued an updated plan for regulating fiat-backed stablecoins. Released on October 30, the document focuses on promoting and overseeing the utilization of fiat-backed stablecoins within the UK’s payment networks. “Update on Plans for the Regulation of Fiat-backed Stablecoins’ can be found here https://lnkd.in/dTYBRGEJ

❗ Important to note that Non-fiat-backed stablecoins, including algorithmic stablecoins, will not be allowed into regulated payment chains.

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcast where we explore this in detail and share our thoughts & and opinions.

🔴 VanEck, an asset management company, has submitted a revised application for a Bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission and Exchange Commission (SEC). This filing, made on October 27, introduces an innovative method for initiating the fund by providing a block of 50,000 shares for the proposed ETF.

🔴 One notable aspect of VanEck’s amended filing is the revelation that an unnamed seed capital investor acquired Seed Creation Baskets for the VanEck Bitcoin Trust in October. These Seed Creation Baskets consist of 50,000 shares of the proposed ETF, and they were bought using Bitcoin.

❗ Important to note The U.S. Securities and Exchange Commission is currently deliberating on multiple ETF proposals from BlackRock, Invesco US, Bitwise Inc, VanEck, + Valkyrie

🔥BTC tx
❗ The number of transactions of over $100,000 on the Bitcoin blockchain rose to a new year-to-date high last week. Last week, the Bitcoin blockchain saw a year-to-date peak in the number of transactions involving the movement of at least $100,000 worth of BTC, reaching 23,400, as reported by blockchain analytics company IntoTheBlock IntoTheBlock in a newsletter on Friday. “Transactions of over $100k had previously spiked in late June after Blackrock’s ETF filing and have now surpassed that level as Bitcoin sets new yearly highs.”.

❗ What should Bitcoin be used for?
- Store of value?
- Medium of Exchange

🚨Prominent DJ and NFT creator Steve Aoki has collaborated with Stepn for digital sneakers that let owners earn crypto by moving. More info via Decrypt here https://lnkd.in/df8jFMzy

🚨 The Steve Aoki x Stepn collection will include 300 collaborative sneakers available in four designs: Walker, Jogger, Runner, and Trainer. Stepn will release 60 editions of each NFT design via the MOOAR marketplace from October 31 to November 4

🟠 Two UAE news (See slides)
⚡ XRP Healthcare takes 

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