Episode Details

28th May: Crypto & Coffee at 8

💡#30 BTC ETFs own over BTC 🚨 OKX withdraws HK License application 🟠Argentina to learn El Salvador BTC Adoption 🏦Bank-to-wallet Telegram extension.

🚨 Michael Saylor posted via Twitter (X) that 32 #Bitcoin Spot ETFs now hold 1 ~ Nakamoto of $BTC. Info here https://tinyurl.com/3fzs8rvk

- Grayscale Investments Bitcoin Trust (289,040 BTC)

- BlackRock’s iShares Bitcoin Trust (287,168 BTC)

- Fidelity Investments Wise Origin Bitcoin Trust (161,538 BTC)

- Ark 21Shares Bitcoin ETF (48,444 BTC),

- Bitwise Bitcoin ETF (36,185 BTC)

- Canada’s Purpose Bitcoin ETF (27,110 BTC)

💡Bullish or gives Millionaires & Billionaires to acquire more bitcoin?

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we share our commentary on today’s news. We also share information about Smart contracts on CBDC & more

🟠 Argentine officials from the CNV met with counterparts from El Salvador’s CNAD to discuss Bitcoin regulation and adoption. They sought to learn from El Salvador’s experience, highlighting the country’s specific commission for digital assets. Both sides emphasized the importance of collaboration and strengthening ties. This follows a previous visit by Argentine officials to El Salvador for similar discussions. Info here https://tinyurl.com/mdt5zkuf

❗ Was El Savador’s move a success story though?

🏦 OKX HK has decided to withdraw its VASP license application in Hong Kong and will cease centralized virtual asset trading services for Hong Kong residents by May 31, 2024. customers can withdraw assets until August 31, 2024, after which direct withdrawals or transfers will not be possible. The remaining balances after this date will be treated as unclaimed property according to OKX’s terms of use. Blog here https://tinyurl.com/4nwsafzf

🔴 Sphere Labs, a blockchain developer, introduces a bank-to-wallet Telegram Messenger extension, enabling users to transfer funds between bank accounts and wallets within the Telegram app. The service offers a 0.1% fee per transaction for early users and is set to launch fully later this year after initial testing starting the week of May 27. While users from non-sanctioned countries can utilize the extension, they need to link it with a USD or euro-denominated bank account.

❗Important to note, that Telegram boasts an impressive 800 million monthly active users, with more than 52 million people using the platform daily.

🟠 Two UAE news

⚡ Dubai-based Metaverse company Everdome.io unveils its new digital theatre

⚡ Saudi and South Korea discuss cooperation on AI and smart cities

For slides click here: https://tinyurl.com/4bykckh8

LinkedIn Profile: 

Listen Now