Episode Details

08th Feb : Crypto & Coffee at 8
🟢 #Ethereum Dencun upgrade 💥 Bakkt may not continue 💡MicroStrategy buys more #BTC 🔥OKX is allegedly facing a probe in SK

🟢 Ethereum recently conducted its final practice run for a major upgrade called Dencun. This upgrade introduces a technical feature called “proto-danksharding,” which aims to make transactions cheaper and data storage more efficient. In simple terms, it creates a new way to store data called “blobs.” The successful test on the Holesky network means that Dencun is nearing its launch on the main Ethereum network in the coming weeks. This upgrade is significant because it’s the biggest change to Ethereum in almost a year.

🚨 Check out Blockchain DXB podcast we try to explain it in simpler terms. We also give our commentary on the global crypto market. Also worth checking The Coin Bureau has an excellent video explaining what the upgrade would mean, check it via YouTube here http://tinyurl.com/2p98x7w

🔥 Bakkt, a cryptocurrency platform launched in 2018 with the backing of the owner of the New York Stock Exchange, has raised concerns about its ability to stay in business. In a filing with the U.S. Securities and Exchange Commission, Bakkt expressed uncertainty about its financial future, stating that it may not have enough cash to sustain its operations for the next year. This warning suggests that Bakkt is facing financial challenges that could jeopardize its continued existence. Official filing here https://lnkd.in/dN_pmtfG

💥 MicroStrategy recently added to its Bitcoin holdings by purchasing an additional 850 BTC in January, bringing its total holdings to 190,000 BTC. This acquisition raised the total value of MicroStrategy’s Bitcoin holdings to $8.1 billion. CFO, Andrew Kang, said it acquired 56,650 BTC throughout 2023 at an average price of $33,580 In its fourth quarter of 2023 earnings call. Info via Cointelegraph here https://lnkd.in/dnFsXKV8

💥 OKX Caught in South Korean Crypto Crackdown: Probe Underway?
- OKX, a cryptocurrency exchange, is under scrutiny by South Korean regulators for allegedly promoting its platform to Korean investors without proper registration. The exchange used social media influencers to promote its services, despite not offering explicit domestic services in South Korea. The Financial Intelligence Unit is investigating potential regulatory breaches. This crackdown is part of South Korea’s efforts to regulate the crypto industry, following recent market manipulations involving other companies. More info via 

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