Episode Details

27th Aug: Crypto & Coffee at 8

👀 India - 5M CBDC users 🔨 Cardano’s Chang Hard Fork Delayed 🟠 Wyoming stablecoin 📊 Metrics- Bitcoin’s Traffic Days in 2024

👀 Digital Public Infrastructure. We strongly recommend watching the full speech here via the Reserve Bank of India (RBI) https://shorturl.at/8X4S0

India has reached 5 million retail users for its central bank digital currency (CBDC) since launching digital rupee pilots in late 2022, involving 16 banks. The Reserve Bank of India (RBI) is cautiously testing both retail and wholesale segments, focusing on payment use cases and exploring offline and programmable functionalities. 

🚨 RBI Governor emphasized the importance of not rushing the CBDC rollout, stressing the need to fully understand its impact on users, monetary policy, and the economy before a gradual, phased introduction. Das expressed confidence in CBDC's potential for future payment systems, both domestically and cross-border. Possibility of CBDC to be used offline and more & Digital Public Infrastructure merging with Ai 

🎙️Check out today's Blockchain DXB episode we share the potential negatives of India's CBDC initiative when compared to cryptocurrencies:

- Next Chang HF window, September 1st

🟣 Charles Hoskinson that Binance and a few others need more time to get their houses in order for successful Chang Hard Fork

🟣 EMURGO has a detailed breakdown of what the upgrade is here https://shorturl.at/5Hs6m The Chang Hard Fork is Cardano's upgrade to transition to community governance.  

- Part 1 introduces an Interim Cardano Constitution and a governance body (ICC). 

- Part 2 establishes Delegate Representatives (DReps) and voting for Stake Pool Operators (SPOs) to make Cardano fully community-run.

👀 Wyoming is launching its own U.S. dollar-backed stablecoin, the Wyoming Stable Token, in early 2025. Aimed at offering faster, cheaper transactions, the token could serve as a model for a digitized dollar. Backed by U.S. Treasurys, it will also generate interest to fund public schools. Wyoming focuses on transparency and full reserve backing, positioning itself as a leader in crypto growth as the Federal Reserve Board Reserve hesitates on a central bank digital currency (CBDC). via CNBC https://shorturl.at/NNte8 

🚨 In 2024, Bitcoin hit several significant milestones, including an all-time high price, peak hashrate, and record on-chain fees. The network also saw its busiest day ever on April 23, with 927,010 transactions. The top ten busiest days for Bitcoin transactions in 2024 mostly occurred between late April and August, reflecting its growing influence in both DeFi and TradeFi. Info via Bitcoin.com https://shorturl.at/ZtZtW

🟠 Two UAE news

⚡ CoinMENA partners with Bitpanda Technology Solutions

⚡ MAS Clinic leads the way in AI-powered dentistry

For slides click here: https://shorturl.at/BYmsv

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