Episode Details

16th June: Blockchain DXB podcast🎙️
🟠 Bitcoin mining difficulty down❗️Walmart, Amazon - Stablecoins in the U.S 🟣 Caradano - $100M of ADA into bitcoin? 💯Vietnam Passes Digital Asset Law
🟠 Bitcoin mining difficulty has slightly decreased to 126.4 trillion after hitting an all-time high of 126.9 trillion in May. Miners continue to face challenges from reduced block rewards post-halving, rising costs, and increased competition. Data from CryptoQuant here https://shorturl.at/Gm8sE
🟠 MARA and CleanSpark are expanding operations and holding Bitcoin as a treasury asset. MARA mined 950 BTC in May while CleanSpark increased production to 694 BTC,
🎙️The Wall Street Journal is reporting that Walmart and Amazon are exploring launching their own stablecoins in the U.S. to reduce reliance on banks and save on transaction fees. This move could shift large volumes of payments outside the traditional financial system. By using stablecoins for customer payments and settlements, these corporations aim to reduce transaction fees and gain greater control over payment infrastructure, potentially saving billions annually. https://shorturl.at/tZfBk
- Why not use Bitcoin using Lightning Network for purchases?
- Are stablecoin issuers replacing the role of a Bank?
- Do stablecoins follow ethos of Open Blockchain? ie 1) Opensource 2) Permisionless 3) Borderless 4) Censorhip Resistant 5) Neutral 6) Publiucly verifiable?
🟣 Cardano co-founder Charles Hoskinson has suggested a major shift in treasury strategy, proposing the conversion of $100 million worth of ADA into a combination of Bitcoin and Cardano-native stablecoins, such as USDM and USDA.
🟣 Speaking on a recent YouTube livestream, here https://shorturl.at/yjz6R Hoskinson explained:“We could take $100 million of ADA in the treasury, convert it to a blend of stablecoins incumbent in Cardano—like USDM and USDA—and some into Bitcoin to prime Bitcoin DeFi.” His views contrast with those of Cardano Foundation CEO Frederik Gregaard, who previously told CoinDesk that TVL is not a key metric for measuring blockchain adoption.
- Check out todays Blockchain DXB episode we share our commentary on this.
🔵Vietnam's National Assembly overwhelmingly approved landmark legislation Saturday, legalizing digital assets and establishing sweeping incentives for semiconductor manufacturing, artificial intelligence development, and digital technology startups. Official informaiton here