Episode Details

08th July: Crypto & Coffee at 8

🟠 BTC mining difficulty ⚡ Tron develops gas-free stablecoin 🔵 Robinhood acquisition of Bitstamp ❌ CBDC ban bill vetoed by “Democratic” NC Governor Roy Cooper — sparks Crypto Concerns”

🟠 Bitcoin mining difficulty dropped by over 5% on July 5 to 79.50 terahashes per second (TH/s), the lowest in the quarter. This followed a peak of 88.10 TH/s in May. Difficulty adjusts every two weeks every 2,016 blocks to maintain a 10-minute block time, reflecting changes in network mining power. The decrease in Bitcoin mining difficulty can affect miners in a few ways:

- Easier Mining

- Increased Competition

- Profitability Adjustments:

- Market Dynamics

🎙️ Check out the Blockchain DXB episode we will share our commentary on this

🚨 H.E. Justin Sun, founder of Tron, has announced via X, (Twitter) that his team is developing a gasless stablecoin solution aimed at enabling free peer-to-peer transfers for all users. His tweet here https://tinyurl.com/4b8pyn97

- His team is creating a new solution for gas-free stablecoin transfers. It allows transfers without requiring gas tokens, with fees covered by stablecoins. Initially on Tron, expanding to Ethereum and EVM-compatible chains. launching in Q4. This will aid large companies in deploying stablecoin services, boosting blockchain adoption.

- He also feels Tron will become the first blockchain in the world to surpass one billion addresses.

🌟 Robinhood is progressing with its acquisition of Bitstamp, a global cryptocurrency exchange. Robinhood has filed a change of control application with the NYDFS, marking a regulatory step towards the acquisition announced on July 3, 2024. The deal, expected to close by the first half of 2025 pending approvals, is valued at approximately $200 million in cash, with adjustments. This acquisition aims to enhance Robinhood’s cryptocurrency services and expand its global presence significantly. Info via Bitcoin.com here https://tinyurl.com/mwfsut2y

🔵 “Democratic Governor Roy Cooper’s Veto of CBDC Ban Bill in North Carolina Sparks Crypto Concerns”

❌ Governor Roy Cooper vetoed a bill in North Carolina that would ban implementing a US Federal Reserve-issued CBDC. The bill had strong legislative support but was criticized for being premature. Critics accused Cooper of playing politics, arguing the decision missed an opportunity to assert state policy on digital assets amidst federal deliberations. Info via Cointelegraph here https://tinyurl.com/ebz7w8mz

🟠 Two UAE news

⚡UAE — Zandbank to offer crypto custody and wallet services through Taurus SA Solutions.

⚡ SDAIA | سدايا- Saudi Arabia Committed to Ensuring Ethical and Res