Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 25th 🚨 🟩 Ethereum Network Fees lowest ❌ OpenSea API user breach❗Coinbase news from Spain 🚨Coinbase’s FTX EU acquisition plans

25th Sep: Crypto & Coffee at 8 🎙️🟩 Ethereum Network Fees lowest ❌ OpenSea API user breach❗Coinbase news from Spain 🚨Coinbase’s FTX EU acquisition plans 🟩 On-chain analytics show that Ethereum network fees have dropped to their lowest levels in 2023, averaging about $1.15 for each transaction. In 2021 & 2022 the average fees reached above $50 but this was during the POW era. A decline in fees is a positive sign for Ethereum’s utility and adoption, as lower costs make it more profitable and worthwhile to use the network. But what does it mean for the price of #ETH. We strongly urge checking details via DappRadar for a detailed breakdown of DAPP working on the Ethereum Blockchain 📊 According to IntoTheBlock. The decline in activity in the network is partly because of the adoption of layer 2 networks, and the trend will continue in the near term. It also states Network fees, a proxy for usage, plunged more than 9% this week to $22.1 million, the lowest in nine months 🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts to get a detailed breakdown of this. Also, see slides 1 & and 2 where we share global snapshot on #defi, #stablecoins & DAPPS ❌ OpenSea API users are warned of third-party security breaches Decrypt has reported that OpenSea instructed users to immediately “deprecate” usage of their current key and replace it with a new one, informing them that their current keys will expire on Monday, October 2. OpenSea warned that third-party access could affect victims’ allocated rate and usage limits. Article here https://lnkd.in/dxuZn2NT ❗ Important to note that OpenSea did not reveal how many users were affected, or if other data besides API keys may be at risk. 🚨 Coinbase has obtained Anti-Money Laundering (AML) registration approval from the Bank of Spain, enabling the cryptocurrency exchange to expand its services to retail and institutional investors in the Spanish market. Official info here https://lnkd.in/d-BZyHWX This registration will allow Coinbase to offer our full suite of products and services to retail and institutional users in Spain, all in compliance with the national legal framework”. 🚨 Coinbase pursued the FTX Europe acquisition as it looks to expand its overseas derivatives business. The company contemplated acquiring FTX Europe, which became available for purchase following its parent company’s bankruptcy declaration last autumn. This consideration stemmed from FTX Europe’s lucrative derivatives operations and its expanding customer base, as reported by Fortune. Article here https://lnkd.in/drATK2PC 🟠 Two UAE news (See slides)⚡ UAE sets up a framework for AI-based laws⚡ UAE-Based Fuze Raises $14M for Digital Assets Infrastructure For slides click here: https://tinyurl.com/bddar53w 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 🚨The Metaverse Frontier Podcast (chatGPT & AI-enabled voice) #nohuman Listen here https://tinyurl.com/y26cu3td 🚨 Tough Mudder Arabia Registration link here https://tinyurl.com/3phtrx28 15% Discount Code: racespace15 ⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⚡ Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 ⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28