Episode Details

08th Nov: Crypto & Coffee at 8
🚨 Coinbase sets up an advisory council, & Kazakhstan news 🔥Bitcoin Ordinals 🟥CHINA CBDC Settlements for Commodities 🔴Vietnamese Web3 coalition

🚨 Coinbase Global Advisory Council
❗Coinbase has announced they welcome four new members to support Coinbase as it navigates strategic decisions and an evolving landscape for crypto around the world. Each of these new members brings impressive national security insights, as crypto and blockchain are increasingly essential to the security of all nations. Mark Esper, Stephanie Murphy, Frances Townsend, and David Urban. Blog here https://lnkd.in/d2n56mi6

✖️ Kazakhstan
Coinbase website is reportedly blocked in Kazakhstan, according to
a local report from Kursiv News. Coinbase, websites tied to the New
York Mercantile Exchange (NYMEX) and Interactive Brokers were also
bannedReports from various regions in Kazakhstan suggest that Coinbase, one of the world’s leading cryptocurrency exchanges, has been restricted due to its alleged violation of paragraph 5 of Article 11 in the Digital Assets Law of the Republic of Kazakhstan. This particular clause pertains to regulations concerning the issuance and sale of unregistered cryptocurrency securities, as outlined by Kazakhstan’s Ministry of Culture and Information.

🚀 Bitcoin Ordinals
Trading in Bitcoin Ordinals reached a six-month high as the ORDI token experienced a significant surge following its listing on Binance. The market showed increased activity on Tuesday as Binance introduced support for ORDI, the original BRC-20 token. According to a Dune dashboard created by the pseudonymous on-chain data analyst Domo Bitcoin Ordinals 
transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands.

🏦 CHINA: CBDC
The People’s Bank of China (PBOC) is contemplating the utilization of the digital yuan for settling transactions related to services and commodities with Hong Kong. Di Gang, the deputy director-general of the Digital Currency Institute of the PBOC, suggests that this approach would offer companies a means to circumvent the challenges associated with relying on expensive cross-border payment channels as a single option. Info via Bitcoin.com here https://lnkd.in/dDS79npJ

🔵 Vietnam & Web3
🔹 Ninety Eight Launches $25M Ecosystem Fund to Support Web3 Startups in Asia. This fund marks a significant step in their transition from Coin98 Finance, demonstrating their dedication to nurturing Web3 startup growth in the region. Official info here https://lnkd.in/dNpEW3YU

🟠 Two UAE news (See slides)
⚡Dubai‘s VARA Sets Nov. 17 Deadline for Crypto Licensing Compliance
⚡ Hamdan bin Mohammed launches ‘approves the launch of three initiatives as part of the ‘Dubai Metaverse Strategy’, including ‘Metav