Episode Details

25th Jan: Crypto & Coffee at 8
🚨 UK’s Digital Pound Legislation (CBDC) 🔻 OKB Token’s 50% Drop🔻 Tesla’s #BTC HODL ❗Worldcoin Orb device makeover

🏦 The UK government has announced its commitment to safeguarding privacy and maintaining control over financial transactions in upcoming legislation related to the development of a digital pound. The response was provided as part of the consultation conducted by the government’s finance ministry and the Bank of England on a central bank digital currency (CBDC). The consultation, which concluded in June and received over 50,000 responses, highlighted privacy and financial control as key concerns among participants. Detailed info here https://lnkd.in/dFbsRJNY Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts we share our commentary on this

💥 OKB, the native token of the crypto exchange OKX, saw a sudden and drastic drop in value on Tuesday. The token plunged by more than 50% to a low of $25 in just three minutes before stabilizing. Executives from the exchange said they were investigating the root cause behind the abnormal price fluctuation, later issuing an update on X suggesting that the volatility was triggered by liquidations that were set off when the price moved lower after a general decline in the market. Info via Samyuktha Sriram on *unchainedcrypto* Official tweet https://lnkd.in/dAwhwzjU

🚨 The good news is The platform will fully compensate users for additional losses caused by abnormal liquidation, including pledge lending/margin trading/cross-currency transactions.

🚗 Tesla holds over 9,720 BTC, equivalent to $387 million, making them the third-largest public holder of Bitcoin. They follow MicroStrategy (MSTR) and Marathon in Bitcoin holdings. Tesla’s Bitcoin portfolio remained unchanged in Q4, as the quarterly report did not mention any buying or selling activities in the three months ending September. Info via CoinDesk https://lnkd.in/dZ_XtS39

🌍 Worldcoin’s Orb device, known for its futuristic design, is set to receive an upgrade in the first half of this year. The new Orb will have alternative colours and a more toned-down appearance, resembling an Apple product. The next iteration will look similar to an “Apple product,” CEO and co-founder of Tools for Humanity, shared exclusively with TechCrunch. here https://lnkd.in/dXZB9SFy

🟠Two UAE news 
⚡ Oracle to expand Dubai operations amid plans to build more cloud regions in the Middle East — AI-related