Blockchain DXB: Crypto & Coffee at 8 ☕ 🚨 Dubai: 02nd May 🚨 Crypto bloodbath 📊 FOMC Meeting — Intrest Unchained 🟣 Tether.to Net Profit Of $4.5B 🚨 Securitize raises $47M 🔻 NFT Sales Dip Over 31%🔻
Blockchain DXB
English - May 02, 2024 18:40 - 51 minutes - 41.4 MBBusiness Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
02nd May: Crypto & Coffee at 8
📊 FOMC Meeting — Intrest Unchained 🟣 Tether.to Net Profit Of $4.5B 🚨 Securitize raises $47M 🔻 NFT Sales Dip Over 31%🔻
🏦 Federal Reserve Board chair Jerome Powell and his Avengers decided to keep the interest rate unchained. It put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy. We strongly recommend watching the full video here via YouTube https://tinyurl.com/4zbxxmf3 The global market has collapsed.
🔆 Shouldn’t Bitcoin be a safe haven against Inflation? Bitcoin & the Global Cryptomarket is down, see slides 1 & 2 below. Fear and Greed Index is Neutral — We are our commentary in our podcast today
🚨 The first quarter of 2024 proved highly profitable for Tether.to, with a net profit of $4.52 billion. Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, conducted by BDO, a leading global independent accounting firm. Report here https://tinyurl.com/3nfajan7 They hold over $90 billion in U.S. Treasuries, with a net equity of $11.37 billion. Tether-issued tokens are 90% backed by Cash and Equivalents, with over $12.5 billion issued in Q1. CEO Paolo Ardoino emphasizes transparency and stability. Tether reserves the right to adjust reserves as needed. Check out Blockchain DXB podcast we explore the details of the report
💰Securitize secures $47 million in strategic funding, with BlackRock leading the investment. Crypto companies Aptos Labs, Paxos, and Circle also participated in the funding round. The investment signals optimism for the future of real-world asset tokenization. BlackRock global head of strategic ecosystem partnerships Joseph Chalom will join the Securitize board of directors. Info via Twitter (X) https://tinyurl.com/yfaj72rb & more info here https://tinyurl.com/2fw8pmf4
🤑 In April, the NFT market saw a decline as sales reached approximately $1.15 billion, marking a 31.26% decrease from March. The number of NFT purchasers also fell by 51.88%, accompanied by a 45.72% reduction in sellers during the same period. Bitcoin emerged as the leading blockchain for NFT sales last month, generating $597.62 million in transactions. Info here cryptoslam.io
🟠 Two UAE news
⚡ Abu Dhabi: TII, AppliedAI partner to provide AI backing to first responders in mission-critical sectors
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