Episode Details

11th Jan Crypto & Coffee at 8
🚨Spot Bitcoin ETP approved by SEC but Ethereum 🚀NFT no longer on Twitter(X) ❗Bank of England- Bitcoin is too inefficient for use 💡Visa to Pilot Web3

🚨 Statement on the Approval of Spot Bitcoin Exchange-Traded Products by U.S. Securities and Exchange Commission Chair Gary Gensler here https://lnkd.in/dP44GxdZ Bitcoin held steady late Wednesday after the SECn cleared the way for the first U.S. exchange-traded funds that hold bitcoin to be sold to the public. Gary Gensler stated that While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto

🎙️Check out Blockchain DXB’s podcast we share our commentary on this and we discuss what’s next We discuss the potential impact of two huge events for Bitcoin & Crypto in 2024
- Bitcoin Halving
- US elections 2024
- Is EThereum ETF next?

🔥 Just a day before Spot Bitcoin ETF BlackRock cuts 600 staff as asset managers defend profit margins CEO Larry Fink and president Rob Kapito told employees in an all-staff memo on Tuesday that the company was adapting to a “rapidly changing environment” Info via Financial Times here https://lnkd.in/d_VGsUzt

🟠 Elon Musk’s X unveiled an ambitious plan for the company in 2024 on Tuesday, outlining initiatives such as the introduction of peer-to-peer payments and the integration of additional AI-powered tools. However, amidst these developments, the company discreetly eliminated a feature for its paid subscribers. Subscribers are now unable to designate an NFT as their profile picture. But X promises peer-to-peer payments, AI advances in 2024 More info via TechCrunch here https://lnkd.in/dM4uiWhf

🏦 Bank of England stance on #BTC
- During the recent U.K. Parliament Treasury Committee meeting, the efficiency of Bitcoin came under scrutiny as the head of the Bank of England expressed reservations about its practical use. While digital currencies were a notable topic of discussion, there was a restrained level of enthusiasm surrounding their potential applications. Andrey Bailey and BOE Deputy Governor Sarah Breeden appeared before the committee to discuss the BOE’s latest Financial Stability Report. Info via Bloomberg here https://lnkd.in/dD64HuvJ
 

💳 Visa is set to introduce a Web3 loyalty service, enabling brands to establish digital wallets for the storage of reward points and experiences. The Visa Web3 Loyalty Engagement Solution seeks to revolutionize the conventional loyalty landscape by providing incentives and advantages for active participation, including engaging in augmented reality treasure hunts. Info via The Block here https://lnkd.in/dPny9zN9

🟠 Two UAE ( See slides)
⚡ ADcrypto firm Phoenix Group acquires Bitcoin mining machines for $187mln
⚡ Saudi Arabia Overtakes the UAE in Middle East VC Fund Raising

For slides click here 

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