Episode Details

18th April: Crypto & Coffee at 8
🔻Global Crypto🔻 New stablecoin bill by US Senators 🌏World Chain Worldcoin s Layer-2 Chain 🚨SK Won Surpasses U.S. $ for trading

🔴🔵U.S. Senators Kirsten Gillibrand (D-NY), member of the Senate Agriculture Committee, and Cynthia Lummis (R-WY Introducef Bipartisan Landmark Legislation To Create Regulatory Framework For Stablecoins. A landmark bipartisan legislation that creates a clear regulatory framework for payment stablecoins that will protect consumers, enable innovation and promote U.S. dollar dominance while preserving the dual banking system. Official info here https://lnkd.in/dUH6RaZF Check out Blockchain DXBs Crypto & Coffee at 8 podcast we give our commentary on this. We explain
- The Lummis-Gillibrand Payment Stablecoin Act:
- How it Protects consumers
- Encourages responsible innovation
- Prevents illicit finance 
- Protects American interests
- Addresses custody
- Preserves the dual banking system

🌏 Worldcoin, led by Sam Altman, is launching World Chain, a layer-2 Ethereum blockchain prioritizing human verification via its retina-scanning “orb” device. With over 10 million users across 167 countries, Worldcoin emphasizes “proof of personhood” in response to AI’s influence. World Chain promises cheaper fees and faster speeds, catering to verified humans while integrating bot-vetting for security. Despite criticisms, Worldcoin persists, implementing encryption technology and shipping updates, with recognition from Ethereum founder Vitalik Buterin. Overall, World Chain aims to enhance user experience and trust in cryptocurrencies amidst technological challenges. Via CoinDesk https://lnkd.in/dcsM4gxV

🚨 Korean won surpasses US dollar as the most-traded currency for crypto in Q1❗
📊 According to research firm Kaiko, the South Korean won surpassed the U.S. dollar as the most-used currency for trading crypto in Q1 2024. The cumulative trade volume in won on centralized exchanges reached $456 billion, while the dollar reported $445 billion. South Korea has one of the most active cryptocurrency markets, with five fully licensed exchanges dominating the local market. Data here https://lnkd.in/dA3hXxjr

🟠 Two UAE news (See slides)
⚡QCP Capital and Further Ventures Announce Partnership for Middle East Crypto Expansion
⚡ Microsoft invests $1.5bn in Abu Dhabi’s G42 in a boost to UAE’s AI ambitions

For slides click here: https://tinyurl.com/md4hxnnk

LinkedIn Profile: https://tinyurl.com/bdeevbru

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