Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 03rd Oct 🚨 🔴 UBS Launches Tokenization 👀Coinbase Obtains License in Singapore ❌Worldcoin shutdown in Kenya 🔥 Tether.to treasury receives $100M from Bitfinex

03rd Oct: Crypto & Coffee at 8

🔴 UBS Launches Tokenization 👀Coinbase Obtains Payment License in Singapore ❌Worldcoin shutdown in Kenya 🔥 Tether.to treasury receives $100M from Bitfinex

🔴 The U.S. government avoids a shutdown and the Global crypto market 🚀 Fear & Greed Index is 47 indication neutral!
⚡ Bitcoin SV is up by 21.93% 🚀
⚡ Will a Bitcoin Spot ETF or Ethereum Future be approved during the 45-day stopgap arrangement?

📊 UBS, the Swiss banking giant, has introduced a tokenized money market fund on the Ethereum blockchain. This fund is a key component of the broader VCC initiative, which aims to tokenize a range of real-world assets and bring them onto the blockchain. UBS Asset Management launches first blockchain-native tokenized VCC fund pilot in Singapore & The fund is part of a wider VCC umbrella designed to bring various “real world assets” on-chain as part of Project Guardian, a collaborative industry initiative led by the Monetary Authority of Singapore (MAS). https://lnkd.in/dPnWQx_c

🟠 Coinbase has successfully secured a payment institution license from the Monetary Authority of Singapore (MAS) Authority of Singapore. This significant development will empower the exchange to broaden its offerings, allowing it to provide digital payment token services to both individuals and institutions within Singapore. The company made this announcement in a blog post here, highlighting that it had previously received provisional approval as a payments institution license holder in Singapore last year. Info here https://lnkd.in/dVfKKuGK

👀 A parliamentary committee in Kenya has suggested that regulators should close down Worldcoin’s operations in the country. The committee’s report, released on September 30, alleges that Worldcoin has persistently gathered personal data from Kenyan residents, including potentially minors, despite being ordered to stop in May. Cointelegraph article on this here https://lnkd.in/dsCfWNPx

💰 On Oct 2, 2023, two separate transactions of 50 million Tether (USDT) each were sent from Bitfinex to the “Tether Treasury” address. These transactions occurred just two minutes apart, with the first one taking place at 9:43 am UTC, valued at $50,039,125, and the second at 9:45 am UTC, worth $50,038,875, as reported by Whale Alert.

⚡ According to data from CryptoQuant, stablecoin holdings in exchanges have steadily declined over the past year, beginning around November 2022.

❗ A pump scheme?
🟠 Santiment AG, a market intelligence platform, recently shared insights on market trends. Among these insights, they noted that Tether’s “sharks and whales” are increasing their buying strength, a development typically seen as a positive sign for the market. Info via Cointelegraph here https://lnkd.in/dsnU63rN

🟠 Twp UAE news (See slides)
⚡ Leading Turkish crypto exchange Bitay marks an expansion into UAE
Ex-SoftBank
⚡ Ex-SoftBank Exec Akshay Naheta Sets Up Stablecoin to Dodge High Inflation

For slides click here: https://tinyurl.com/3njyuhmw

LinkedIn Profile: https://tinyurl.com/569zh78j

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