Episode Details

03rd April: Crypto & Coffee at 8 
🚨The U.S. Dollar Index vs Bitcoin (What caused the dump) ❗AUSD — Stablecoin by VanEck 🔵Tron 🆚 SEC 🎼Music 🆚 Ai

🔥 A strong dollar = Bad for Bitcoin
🔻 Bitcoin’s price dip today appears to have been set off by strong U.S. factory data that sent the U.S. dollar index above 105.00 for the first time in almost five months.

❗ Yesterday, the Institute for Supply Management (ISM) reported a rise in March’s Purchasing Managers’ Index (PMI) to 50.3%, up from February’s 47.8%. 
❗ This uptick in U.S. factory data could strengthen U.S. exports, potentially boosting the dollar against other currencies. A stronger dollar may, in turn, hinder Bitcoin’s recent performance.

🎙️ Check out Blockchain DXB podcast we explain this in detail such as 
- What Is the U.S. Dollar Index?
- How Is the U.S. Dollar Index Used?
- What Makes the U.S. Dollar Strong?
- Why Does the Strong Dollar Matter?
- How does it impact the Bitcoin & Cryptocurrency market?

🚨 AGORA- AUSD
- Nick Van Eck, backed by his family’s investment firm, launches a stablecoin through startup Agora with $12 million in funding. Agora aims to offer stability in the volatile crypto market, focusing on users outside the US. Managed by VanEck, the stablecoin is backed by cash and US Treasury bills. The stablecoin, backed by cash, US Treasury bills, and overnight repurchase agreements, will be managed by VanEck. While focused on customers outside the US due to regulatory uncertainties, Agora seeks to establish transparency and trust in stablecoin reserveAgora seeks partnerships with exchanges and crypto companies, avoiding the issuance of governance tokens. Van Eck aims to drive industry progress and establish trust in stablecoin reserves. info via Bloomberg here https://lnkd.in/e3DGmXpT

Can the UAE government in partnership with a private firm launch a stablecoin?

🚨 The Tron Foundation has filed a motion to dismiss the U.S. Securities and Exchange Commission lawsuit against it, arguing that the regulator’s attempt to apply US security laws to “predominantly foreign conduct” goes “too far.” The Tron Foundation claims that the tokens were sold “entirely overseas” and that steps were taken to avoid the US market. The foundation also argues that the SEC’s claim of unregistered US securities is “tenuous at best.” Tron Foundation said in a March 28 dismissal motion in a New York federal court here https://lnkd.in/eNjdPM2u 

🔥 Hundreds of musicians and songwriters have joined an open letter from the Artist Rights Alliance, urging action to halt what they see as the devaluation of artists’ work in the music industry due to artificial intelligence. Info via Medium here https://lnkd.in/en2SPm9P

🟠 Two UAE news (See slides)
⚡ Deribit’s Dubai-Based Unit Wins Conditional VASP License
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