Episode Details

31st July: Crypto & Coffee at 8

🟠Wyoming #BTC Research Institute. 👀 Bybit Launches Digital Rupee 🔥Russia legalizes crypto for trade 🚨Trust Wallet partners with TON❗ DraftKings exits NFTs⚡

🔥The University of Wyoming has launched the first Bitcoin Research Institute to enhance the quality and impact of Bitcoin research. The institute will create faculty positions, incentivize academic work, and offer workshops. It aims to provide rigorous, evidence-based research accessible to academics, journalists, and policymakers. Leveraging its interdisciplinary collaboration, renewable energy access, and favourable legislative environment, the university will collaborate with various departments. News via Bitcoin Magazine here https://rb.gy/h2epqt UNI Info https://shorturl.at/aHWJG 

🔴 Bybit has launched a digital rupee (eRupee) to offer a secure payment method for Indian rupee transactions on its platform. This wallet-based solution aims to enhance security and attract more merchants by protecting against cyber threats. The move is expected to improve user trust and expand Bybit’s market reach. The introduction of eRupee reflects the growing role of stablecoins and fiat-pegged tokens in bridging traditional finance with cryptocurrency. news via Bitcoin.com https://rb.gy/4evnz7

⭐Reuters reports that Russia has passed a law to use cryptocurrencies in international trade to evade Western sanctions. Set to take effect in September, this aims to counter payment delays with key partners like China and India, which have led to an 8% drop in imports. The law will establish a new crypto payment infrastructure as Russia seeks alternatives to dollar and euro transactions. Article here https://shorturl.at/I9wil 

🚨 Trust Wallet has partnered with The Open Network (TON) to boost blockchain adoption. The collaboration will enable Trust Wallet to leverage Telegram's user base and focus on gaming finance (GameFi) and decentralized applications (DApps). This integration will allow Trust Wallet's 100 million users to send and receive Toncoin (TON) tokens. Details via Cointelegraph https://shorturl.at/yi9DY 

👀 DraftKings is shutting down its NFT business, including Reignmakers and its NFT Marketplace, due to recent legal developments. This decision follows a federal judge allowing a class action lawsuit to proceed, alleging that DraftKings' NFTs are unregistered securities. 

❗ An earlier article https://shorturl.at/jTWct here in July states Federal Court finds DraftKings NFTs may be securities.

🟠Two UAE news (See slides)

⚡ intelmatix secures $20mln in region’s largest AI Series A funding round

⚡Cleveland Clinic Abu Dhabi becomes UAE’s largest centre for AI-assisted colonoscopy procedures Abu Dhabi Media Office

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