Episode Details

12th December: Crypto & Coffee at 8
🔥 End of Binance 🚨China’s to verify 1.4 B people using Blockchain 🟠El Salvador: World’s First Bitcoin Bonds 🏦 FOMC meeting tomorrow

🚨 The former head of internet enforcement at the U.S. Securities and Exchange Commission (SEC) John Reed Stark has issued a stark warning, suggesting that the recently revealed U.S. Department of Justice) filing may mark the demise of Binance. He emphasized the SEC’s intensified legal efforts against Binance, expressing the belief that it’s inevitable for the Binance plea deal to unravel, leading to further charges against the platform, its CEO Changpeng Zhao, and potentially others involved. More info via Twitter (Now X) https://lnkd.in/eKaBmKMT Check out Blockchain DXB’s Crypto & Coffee at 8 podcast we share our commentary on this

🟠 CoinDesk has also reported that Binance’s Market Share of Crypto Trading Tumbled to 30% in 2023 The exchange’s monthly spot volume fell to $114 billion in September from nearly $500 billion in January amidst a regulatory crackdown in the U.S. https://lnkd.in/eTD3czUJ.

❗ A few days ago Binance also withdrew its bid for an investment
management license in Abu Dhabi, having deemed it unnecessary to the company’s “global needs.”

🔵 China Launches Blockchain ID Verification for Citizens
Following a government directive for social media influencers to reveal their real names, China has introduced a blockchain-based platform to authenticate and verify the identities of its citizens. CoinDesk article
here https://lnkd.in/eriCPhk9 states China’s Ministry of Public Security
spearheaded the initiative, called RealDID, with help from BSN. The RealDID
service launch will enable users to register and log in to websites anonymously using DID addresses and private keys, ensuring that business data and transactions remain disconnected from personal information.

❓ US Presidential candidate Nikki Haley Shares similar Plans — A Republican
supported by a Democratic Billionaire should raise concerns

El Salvador: #BTC Bond The Volcano Bond has just received regulatory approval from the Digital Assets Commission. The bonds are expected to launch in Q1 of 2024, several posts amplified on social platform X by President Nayib Bukele here https://lnkd.in/eYJ-T_dH

🚨 FOMC meeting takes place on the 13th of Dec. There is widespread speculation about whether Federal Reserve Board Chair Jerome Powell will continue to uphold the current elevated benchmark interest rate.
How will this impact the price of Bitcoin and cryptocurrency? We strongly
recommend tracking the price a few hours before, during & and after the
announcement