Episode Details

22nd Aug: Crypto & Coffee at 8
🟢 Tether.io - UAE Dirham-Pegged Stablecoin 🟥Bitfarms to acquire Stronghold Digital ⭐ Ex-Ripple Launch Crypto Payments Network for AI Agents 🟢 El Salvador trains 80,000 employees in BTC.
🔴Tether.io has announced plans to launch a new stablecoin pegged to the UAE Dirham (AED) on August 21, 2024. This initiative is in collaboration with the UAE's Phoenix Group PLC and Green Acorn Investments Ltd. The stablecoin will seek licensing under the Central Bank of The UAE's Payment Token Services Regulation and will be fully backed by liquid UAE-based reserves, adhering to Tether's stringent reserve standards to maintain a stable value tied to the AED. Official info https://t.ly/rbPdF
❗ The new stablecoin will streamline trade, remittances, and currency stability, strengthening the UAE's role as a global economic hub.
🎙️ Check out the Blockchain DXB podcast for our commentary we also discuss if Tether uses Blockchain. Plus some information about Ifinex, Bitfinex and more! Also see slides 1 & 2 for global cryptocurrency snapshot
🚨 Bitfarms is acquiring rival Stronghold Digital Mining for $175 million in stock and debt to diversify beyond Bitcoin mining. The deal values Stronghold at $6.02 per share, a 71% premium. Bitfarms aims to secure its future by expanding into power generation and AI processing while fending off takeover attempts by Riot Platforms, Inc., which owns nearly 19% of the company. Info via CoinDesk https://t.ly/WD1_I
Will we see more such news? Could this lead to the Centralization of Bitcoin mining? Post hashtag#BTC halving Bitcoin miners are struggling
🔥 Former Ripple developers' new company, Skyfire, raised $8.5 million to help AI get things done, even when it involves paying for something. They have created an open-source payment system called Skyfire that aims to fuse blockchain payments with AI. The system allows autonomous AI agents to make purchases using USDC, a popular stablecoin, for various goods and services. Skyfire is backed by prominent crypto companies and plans to expand to additional blockchains in the future. More info via Decrypt here https://t.ly/zrmcn
🟣 El Salvador has launched a Bitcoin certification program to train 80,000 government employees in strategic management and public policy related to Bitcoin. The 160-hour virtual course, offered by the National Bitcoin Office (ONBTC) & the Higher School of Innovation in Public Administration, is part of the country's effort to create a Bitcoin-ready workforce. Stacy Herbert, director of ONBTC, expects the training to boost El Salvador's Bitcoin-driven economy and plans to introduce more educational initiatives. Info via 

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