Episode Details

09th Sep: Blockchain DXB Podcast

🥶 Kamala Crash 2.0? 🚨UK Regulator Rejects 87% of Crypto Firms 👁️Binance & Bybit Regulatory Approval in Kazakhstan 🔻VanEck closes Ethereum Futures ETF

📊 Economic Data on 03rd - 06th Sep has caused Kamala Crash again this month. The data released are as follows

03rd - ISM manufacturing, PMI manufacturing, Construction Spending

04th - US Trade Deficit, Job Opening, Factory Orders, Auto Sales

05th - ADP Employment, Initial Jobless Claims, PMI Services, ISM Services 

06th - Employment Report, Employment Rate, Hourly Wages

❗ On 18th September, the Federal Reserve Board will reduce the interest rate at the FOMC meeting, which should pump the price of Bitcoin and cryptocurrencies.

🎙️ Check out the Blockchain DXB episode for today we take a deep dive into this and discuss how it impacts the price of Bitcoin & Cryptocurrencies!

We strongly recommend listening to our episode on the 05th of August where over $2.9T was wiped off from the market Episode via Spotify here https://tinyurl.com/2bdkjeu4

👀 The Financial Conduct Authority (FCA) has rejected 87% of crypto firm applications due to concerns over money laundering, up from 85% in 2023. This rate is significantly higher than the 36% rejection average across financial firms. The FCA has faced criticism for slow approvals, despite offering guidance to firms. So far, 44 crypto companies have secured money laundering registration. The slow progress has sparked concerns, particularly as efforts to regulate the industry have been delayed, hindering the UK's ambition to become a crypto innovation hub. Annual Report and Accounts 2023–24 here https://shorturl.at/m3lUK 

🚨 Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license. Binance Kazakhstan will be authorized to operate a virtual assets trading facility, offering a range of virtual assets-related services. Info here https://shorturl.at/Hg11p

🚨 Bybit has also that it has been granted “consent to a full authorization” by (AFSA). https://rb.gy/378k5e it CEO and co-founder Ben Zhou lauded the development, noting that Kazakhstan was a thrilling and dynamic market for the exchange’s expansion.

🔻VanEck announced today that it plans to close and liquidate its Ethereum futures ETF (EFUT).n September 16, 2024, with full liquidation by September 23. The decision was based on performance and investor interest. Shareholders can sell shares until September 16 or receive a cash distribution. The fund, which invested in Ethereum futures but not ETH directly, faced risks from market volatility and regulatory changes. Investors may experience capital gains or losses, with tax details provided later. via Business Wire here https://shorturl.at/AkMjEusin

🟠 Two UAE 

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