Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 24th April 🚨🥶 Is Defi Dead? 💥 US Debt Ceiling & Hyperbitcoinization💣🚨 MICA regulation to take effect in 2024. Trust Wallet Security Vulnerability

24th April: Crypto & Coffee at 8 🥶 Is Defi Dead? 💥 US Debt Ceiling & Hyperbitcoinization💣🚨 MICA regulation to take effect in 2024. Trust Wallet Security Vulnerability 🚨 On Thursday, MEPs approved with 529 votes in favour to 29 against and 14 abstentions, the first piece of European Union legislation for tracing transfers of crypto-assets like bitcoins and electronic money tokens. making it the first major jurisdiction in the world to introduce a comprehensive crypto law. The rules to take effect in 2024 💡 Some highlights are below - Uniform legal framework for crypto-assets markets in the EU - Operations with crypto-assets will be traced in the same way as traditional money transfers - Enhanced consumer protection and safeguards against market manipulation and financial crime 🎙️ Check out Blockchain DXB crypto & coffee at 8 podcasts where we cover all the details. We also discuss if Defi is dead. The TVL (Total value locked) is looking absolutely horrendous & the volume in stable coins is terrible as well. 🔍 Trust Wallet, a popular crypto wallet, identified and resolved a major WebAssembly (WASM) vulnerability within its core wallet software library. $170,000 was lost due to the vulnerability, Trust Wallet added that it would issue refunds and has created a reimbursement system to support affected users. 🚨 The issue impacted wallet addresses on Ethereum and other blockchains generated through the Trust Wallet browser extension between Nov. 14 and Nov. 23, 2022. Article by The Block here https://lnkd.in/dpmZ8YP6 Official blog here https://lnkd.in/dyexvFiM Also the project said on Twitter. “Most at-risk funds are secured.” here https://lnkd.in/dNP4x2rf 💥 The top congressional Republican Kevin McCarthy said Sunday he will hold a vote this week on raising the US debt ceiling and curbing spending, as he accused President Joe Biden of ducking negotiations ahead of a looming default. ❗ How will this impact the price of Bitcoin & Crypto❓ 💥 Bloomberg’s article states that House moderates float US Debt-limit extension until December. A Bipartisan group proposed a backup plan to set aside the US debt ceiling limit through year-end in case Joe Biden and house speaker Kevin McCarthy fail to reach a deal on a long-term solution https://lnkd.in/drTvzHxT ⚡ Could Hyperbitcoinization be a reality? ⚡ We feel external Geo-political situations directly or indirectly linked to the USA could trigger such an effect. ⚡ What are the dangers of Hyperbitcoinization? 🚨 Two UAE/Middle East news: See slides) ⚡ Farm To Plate announces blockchain-based food supply chain solution for the UAE ⚡ The Saudi Food and Drug Authority (SFDA) has empowered consumers by enabling them to track the sources of food and beverages through blockchain technology. For slides click here: https://tinyurl.com/2p865d3 LinkedIn Profile: https://tinyurl.com/569zh78j To help support his channel: ☕ Buy me Coffee ☕ 🚨 Link here https://www.buymeacoffee.com/info36/w/6987 🚨 Link here https://www.buymeacoffee.com/info36 ⚡ The Race Space Podcast 🎙️ Instagram: @theracespoacepodcast Podcast Host: @am_aminoo_ Podcast Host: @george_crewe Podcast Host: @black_incarnation 🚨  Chalhoub Group & Co-Founder at SOL3MATES ⚡ Website: https://sol3mates.xyz/ ⚡ Discord: https://tinyurl.com/mwyurs3b ⚡ Allowlist: https://www.premint.xyz/sol3mates/ ⚡ WhatsApp group: https://tinyurl.com/yb4n59rt ⚡ Perks for SOL3MATES OG NFT Holders https://tinyurl.com/3u4mpntu 🚨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td ⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28 #blockchaindxb #metaverse #btc #dogecointothemoon