Episode Details

14th March- Crypto & Coffee at 8

🚀Bidenflation 🐶 Dogwifhat 4th largest meme coin 🚨Centralization of #BTC by MicroStrategy ❗ South Africa approves 59 crypto licences

📊 The Consumer Price Index (CPI), as reported by the Bureau of Labor Statistics, climbed by 3.2% year-on-year in February 2024, slightly exceeding the 3.1% increase recorded in January and surpassing forecasts which also stood at 3.1%. Month-on-month, inflation rose as anticipated by 0.4%, a quickening on January’s 0.3% pace. The official place to check Inflation is here https://www.bls.gov/news.release/cpi.nr0.htm Bitcoin & Crypto remained unchained BUT based on Jan data Federal Reserve Board chair Jerome Powell will be making a decision on keeping the interest hike or increasing it.

🚨 The meme coin called dogwifhat (WIF), featuring a dog with a pink beanie, has gained significant popularity during the recent crypto bull market, reaching a market capitalization of $2.6 billion. Community members have successfully raised over $690,000 in USDC stablecoin donations within four days for a campaign to display the token’s mascot on the Sphere, an entertainment venue in Las Vegas. This achievement makes dogwifhat the fourth-largest meme coin by market capitalization. However, some analysts caution that the coin’s rapidly increasing price could indicate excessive market speculation. More info via CoinDesk https://tinyurl.com/592zwsfu

🔥 MicroStrategy Plans to Raise $500 Million Through a Private Sale to Buy More Bitcoin. Official info here https://tinyurl.com/ypcu6hwc

- MicroStrategy, the software firm and self-proclaimed “Bitcoin development company,” has announced plans for another private sale to acquire more Bitcoin. The company intends to offer $500 million worth of convertible senior notes to institutional buyers, with the goal of purchasing additional cryptocurrency. MicroStrategy currently holds 205,000 Bitcoin, making it the largest corporate holder of the digital asset.

🟢South Africa’s financial conduct regulator, the FSCA, has granted operating licenses to 59 cryptocurrency businesses, as the country moves towards regulating the asset class. In 2022, the FSCA declared crypto assets as financial products, citing the need for regulation to safeguard customers and prevent illicit activities such as money laundering and terrorism financing. This regulation also empowers the central bank’s Financial Surveillance Department to mandate reporting of crypto asset transactions by South African trading platforms. Felicity Mabaso, an executive at the FSCA, announced these developments at a financial sector conference, revealing that 355 license applications were received, with 262 still under review. Via Reuters https://tinyurl.com/3xkr8d8c

🟠 Two UAE News: (See slides)

⚡ Crypto Fight Night boxing event returns to Dubai endorsed by the World Boxing Council (WBC)

⚡ Mozn launches new solution within its AI-powered platform FOCAL to reinforce the financial sector

For slides click here: