Episode Details

15th April: Crypto & Coffee at 8
🔻 Bitcoin🔻 but BTC Dominance 🚀 Binance to stop Ordinals❗ US, UK, Germany Largest Gov crypto hodlers 🌎 Worldcoin metrics

🔻 The price of Bitcoin plummeted after Iran launched missile attacks on Israel, sparking widespread selling of cryptocurrencies. This marked Iran’s first direct assault on Israel, raising fears of a full-scale conflict. Bitcoin dropped 8.07% to $61,710.58, following a previous 5% decline. Despite recent losses, Bitcoin hit an all-time high of $73,750.07 earlier in 2024, with hopes for potential gains surrounding the upcoming Halving event. However Bitcoin Dominance 🚀 has pumped up to 54.44% multiyear high as BTC price volatility sends altcoins shooting lower. But, Dogwiththat & Wormhole has been up by 33.61% & 28.08% respectively

🚨 In a blog post on Thursday, Binance said it will “cease support for trades and deposits of Bitcoin NFTs” starting April 18 at 6:00 UTC. users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin network. Blog here https://lnkd.in/dusM2N5j Cryptoslam reports that Bitcoin ranks as the second most favored network for NFT trading, with its total trading volume for digital collectibles in the past 30 days challenging Ethereum’s dominance.

👀 According to Arkham Intelligence, a crypto analytics firm, the United States, United Kingdom, and Germany are among the leading countries in terms of government-held cryptocurrencies. The U.S. government tops the list with over 212,847 bitcoins, along with holdings in other cryptocurrencies like ether. The British government follows with 61,245 BTC, and Germany holds 49,859 BTC. Meanwhile, El Salvador has been steadily acquiring cryptocurrencies, particularly bitcoin, with President Nayib Bukele announcing a daily purchase of one bitcoin for the country. As per Arkham’s data, El Salvador currently holds 5,719 BTC. Info here https://lnkd.in/dVTps5WR

🌎Worldcoin reached 10M users, 70M transactions and at least 13 goats bought

❗ Worldcoin’s World App has hit 10 million users, with 2 million daily and over 5 million monthly. Users sign up via eye scans. It aims to provide universal basic income. A user in Kenya bought a goat with Worldcoin, sparking donations that led to 13 goats. The first goat was named “Sam” after Sam Altman, co-founder of Worldcoin and CEO of OpenAI, known for ChatGPT, a leading AI product. Tiago Sada, head of product, engineering and designer at Tools for Humanity, which is developing Worldcoin mentioned via Twitter (X) here https://lnkd.in/duznakE2

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 we share our commentary on it. This week we also delve into Bitcoin technical concepts

🟠 Two UAE news (See slides)
⚡ BitOasis welcomes new retail and institutional customers
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