Episode Details

04th July: Crypto & Coffee at 8
🥶 Crypto blood bath 🏦 International Monetary Fund urges US to Strengthen Fiscal Position 🟠1st #BTC Open Banking Solution ❗ Bitget Seeks License in India 🔴 Consensys Acquires Wallet Guard 

🥶 Crypto market do u bleed? See slides 1 & 2 for the global cryptocurrency snapshot we provide our commentary in today’s episode
 

🏦 The International Monetary Fund (IMF) has recommended that the U.S. enhance its fiscal position by reducing expenditures and boosting revenues. The IMF highlights the importance of addressing the rising debt through policy adjustments and advises maintaining current interest rates until late 2024. “Given these risks, we concur that the Federal Reserve should maintain policy rates at their current level until at least late 2024,” stated the IMF chief. More info via Bitcoin.com here https://lnkd.in/d6bMgiyx

The IMF managing director recently met with Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Janet Yellen to discuss the findings of the annual report.

❗ What does it mean for the price of Bitcoin? Check out Blockchain DXB we share our commentary on this 

🔥Mesh and Conio have teamed up to introduce Europe’s first Bitcoin Open Banking solution. This partnership lets users link their Bitcoin wallets directly to top exchanges like Binance and Coinbase through Conio’s platform. It simplifies Bitcoin management by removing QR codes and simplifying address handling, enhancing security with Conio’s advanced three-private-keys system. This innovation sets a new standard for secure and accessible Bitcoin management in Europe.

🔴 Bitget , X (Twitter) in India posted a series of posts indicating a move to get the license in India. Tweets here https://lnkd.in/dMp2YKgd Bitget has reaffirmed the security of user assets, emphasizing its dedication to offering a regulated and compliant platform.

⭐ Consensys has acquired Wallet Guard to bolster Metamask’s security against rising cryptocurrency scams, following $1.7 billion in losses in 2023. This integration will enhance MetaMask’s security by improving scam and drainer detection through transaction validation and client-side heuristics, thereby providing users with superior real-time protection against malicious dapps and scams while preserving privacy and self-sovereignty. Joe Lubin, co-founder of Ethereum and CEO of Consensys, highlighted that Wallet Guard’s integration will advance Metamask’s security capabilities. More info here 

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