Sarah is currently attending the Shard Dubai Summit. It’s an exciting week here filled with discussions on various Web3 topics, working alongside some standout venture capitals like ColdShard.
News from last Friday comes from a Cointelegraph article about Bithumb Korea's delayed IPO. Despite a savvy marketing push and fee-free trading offers aimed at catching up with Upbit, Bithumb faces internal issues that complicate their IPO plans. This reveals much about the competitive dynamics in Korea's crypto market, often shaped by early advantages like government grants to certain firms, pushing them ahead in the industry.
Paraguay, Bitcoin mining was banned due to power issues. This contrasts with the situation in Texas, where miners also face public criticism for consuming significant resources without adequate returns to the community in terms of jobs, despite receiving tax incentives.
This week, we also discussed the upcoming Bitcoin ETF and how market movements are often swayed by broader economic indicators such as inflation data. The hype around Bitcoin remains high, with predictions of significant shifts post the upcoming halving. We're looking at potentially turbulent but exciting times ahead in the crypto space!
We've also noticed an interesting trend where even the fear of regulation, like the recent moves in Paraguay, is sometimes seen more as an excuse to clamp down on crypto rather than a legitimate environmental concern.
Keep those comments coming, and if you're in Dubai, maybe we can meet up!
Happy HODLing
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