Episode Details

13th December: Crypto & Coffee at 8

🚀 Inflation up at 3.1% + FOMC = Crypto down🔻 Former U.S. President 🔥 Donald Trump launches NFT ⚫ BlackRock’s #BTC ETF update ⚽FIFA NFTs on Polygon

🚀 CPI: Inflation

📊 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October, the U.S. Bureau of Labor Statistics reported yesterday. Over the last 12 months, the all-items index increased by 3.1 per cent before seasonal adjustment. Official info via the Bureau of Labor Statistics here http://tinyurl.com/2s6ker6t Based on this Federal Reserve Board chair Jerome Powell will be announcing the interest rate. Federal Open Market Committee releases its statement at 2 p.m. Eastern. via YouTube

Based on the CPI numbers the global crypto market decreased by 2.13%. See slides 1 & and 2 for a global snapshot. If Fed chair increases the interest rate hike the price of Bitcoin should dump?

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts for our commentary.

🚨 Trump 2024

Former U.S. President Donald Trump has introduced an innovative digital trading card collection known as the Mugshot Edition, marking his initial foray into the realm of physical cards. For those acquiring 47 of these distinctive cards, a unique bonus awaits: a fragment of the suit worn by Trump during his mugshot, coupled with an exclusive invitation to a gala dinner hosted at his Mar-a-Lago residence. Official announcement via Truth Social here http://tinyurl.com/2mm9ck69 You can buy it here from https://collecttrumpcards.com/

⚫ BlackRock’s Bitcoin ETF is now extending an invitation to Wall Street banks for participation. A modification in the design of the proposed spot bitcoin ETFs allows authorized participants (APs) to generate new shares in the fund using cash, as opposed to solely relying on cryptocurrency. This adjustment essentially broadens accessibility, accommodating banks that face restrictions in directly holding cryptocurrencies.

CoinDesk article states, As highly regulated U.S. banks are unable to hold bitcoin themselves, this set-up would enable the likes of JPMorgan Chase & Co. or Goldman Sachs firms with some of the largest balance sheets in the world to act as APs to BlackRock’s ETF. http://tinyurl.com/37k35h7n

⚽ FIFA has decided to mint soccer NFTs on the Polygon blockchain, emphasizing its commitment to Algorand. While the FIFA+ Collect platform will persist in releasing NFTs on Algorand, the soccer powerhouse is also extending its reach to Polygon through drops on OpenSea Official announcement here http://tinyurl.com/2n2w494p states FIFA is launching a new set of NFT collectibles across Algorand and Ethereum scaling network Polygon ahead of the FIFA Club World Cup Saudi Arabia 2023,

🟠 Two UAE news (See slides)

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