Blockchain DXB: Crypto & Coffee at 8 ☕ 🚨 Dubai: 16th May 🚨 🚀 Bidenflation 3.4% = Crypto 🚀DOJ accuses Brothers for $25M Ethereum Exploit🟢 Mastercard + Standard Chartered test Tokenization ‪❗‬ Blockchain DXB

16th May: Crypto & Coffee at 8

🚀 Bidenflation 3.4% = Crypto 🚀DOJ accuses Brothers for $25M Ethereum Exploit🟢 Mastercard + Standard Chartered test Tokenization ❗UK authorities to seize crypto❗

📊 CPI (Consumer Price Index ) via the Bureau of Labor Statistics states Bidenflation at 3.4% Info can be found here https://tinyurl.com/2s6ker6t This has caused the price of #BTC & Crypto to pump. Based on this information & many other Federal Reserve Board chair Jerome Powell will decide to cut the interest rate, keep it the same or increase it. We strongly recommend looking at https://www.bls.gov/ it explains how Inflation is calculated

🚔 Two Brothers were arrested for attacking the Ethereum blockchain and stealing $25M in Cryptocurrency during a 12-second exploit, according to an indictment unsealed on Wednesday. Indictment here https://tinyurl.com/yruf2kxw

😱 The indictment claims the brothers, using their advanced computer science and math skills, manipulated Ethereum’s transaction process to access and alter pending transactions. They planned the scheme over several months, learning victim trading behaviours and setting up ways to hide their identities and the stolen funds. After executing the exploit, they used various methods to launder the money, including shell companies and foreign exchanges. Check out today’s Blockchain DXB podcast we explain in detail what they did

🔴 Mastercard and Standard Chartered Bank Hong Kong successfully tested Mastercard’s Multi-Token Network (MTN) by conducting an atomic swap of a tokenized carbon credit for cash. This took place in the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox. A Mox Bank client deposited funds and requested to buy a carbon credit. SCBHK tokenized the carbon credit through Libeara, and MTN enabled a real-time swap of the tokenized assets across different blockchains. Info via Cointelegraph here https://tinyurl.com/ycnzkeku

👀 In April, a new UK law allows authorities to seize cryptocurrency assets from suspects without charging them with a crime. This change, effective from April 26, 2024, results from amendments to the Economic Crime and Corporate Transparency Act 2023 (ECCTA), which updated the Proceeds of Crime Act 2002 (POCA). Now, UK police and the National Crime Agency (NCA) can confiscate crypto assets and related physical items like flash drives and written passwords from those suspected of criminal activity. Additionally, authorities can “destroy” crypto assets if returning them to circulation is deemed harmful to the public, though the exact method of destruction has not been clarified.

🟠 Two UAE news (See slides)

⚡ UAE Pro League partners with Chiliz to boost fan interaction and global expansion — 18th April

⚡ Dubai Central Laboratory implements AI-based technology to detect ‘Legionella’ bacteria

For slides click here: http://tiny.cc/8fy0yz

LinkedIn Profile: https://tinyurl.com/bdeevbru

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