Episode Details

17th July: Crypto & Coffee at 8
🥶 Mt. Gox transfers 140,000 BTC 🟠 Bitcoin ETN - French pension plans ⚡ Craig Wright faces perjury charges 🔴 Trump’s VP pick - Pro Bitcoin?
🚨 On July 16, Mt. Gox moved over 140,000 Bitcoin (BTC), worth nearly $9 billion, to a known cold wallet and two unknown addresses, raising market concerns. According to Arkham Intelligence, Mt. Gox still holds 138,985 BTC, valued at around $8.7 billion, and started mobilizing funds after two weeks of inactivity. Details here https://lnkd.in/dSgzErr9 Power of Open Blockchain!
- Almost 96,000 BTC (over $6 billion) were shifted to unknown wallets, while 44,527 BTC went to a known Mt. Gox cold wallet. In total, nearly 190,000 BTC worth over $12 billion was moved within three hours.
- One unknown address, received 42,587 BTC worth $2.69 billion, and another 4,641.24 BTC worth $293.94 million was transferred to the Mt. Gox cold wallet. This address has not yet moved the BTC, causing market sentiment to shift and BTC value to drop. Additionally, 48,641 BTC ($3.07 billion) was sent to another unknown address from the main Mt. Gox wallet.
🟠 Bitcoin exchange-traded note
- VanEck has teamed up with Inter Invest to introduce the first bitcoin exposure through a French pension savings plan using its bitcoin exchange-traded note (ETN). The $407 million VanEck Bitcoin ETN (VBTC) will now be available to French Pension Savings Plan (PER) investors, making it the first digital asset accessible to them. While VanEck has warned investors about the volatility of cryptocurrencies, they view Bitcoin as an innovative long-term asset. Info via ETF Stream here https://t.ly/_uvfQ
- Does it help the Bitcoin ecosystem or the price in any way?
- Does it help only the issuer of Bitcoin ETN
- Why was Bitcoin created?
🔥 On July 16, Judge James Mellor found that Wright lied extensively to support his false claim of being Satoshi Nakamoto, the pseudonymous author of the 2008 Bitcoin white paper. Judge Mellor's ruling indicated that Wright’s false testimony warranted referral to Britain’s Crown Prosecution Service (CPS) for consideration of perjury charges. More info via Cointelegraph here https://t.ly/4ErSk
🔴 In a recently resurfaced video, JD Vance, the new running mate of Donald Trump, criticized SEC Chair Gary Gensler, calling him the “worst person” to regulate the crypto industry. The clip, here https://t.ly/4VCHW has been circulating on social media and shows Vance speaking at Remedy Fest, a private conference hosted by Y Combinator and Bloomberg on February 28. In 2021 he also disclosed that he owned between $100,000 and $250,000 worth of Bitcoin while running for Senate. A great video here https://t.ly/D6UxN via C-SPAN where he's talking about regulations to protect and not stifle innovation
🟠 Two UAE news (See slides)
⚡ Saudi AI leader Mozn named among the world’s leading FinTech companies
⚡Abu Dhabi’s Open Innovation AI and Nscale’s ambitious plan to deploy 30,000 GPUs

For slides click here https://tinyurl.com/ybs63xu2

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