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17 Feb 2025. Lunate first to launch UAE end-of-service fund in 'tectonic shift' for Middle East retirement savings. The boss of investment firm, Seif Fikry discuss all the details. Plus, we talk the future of hotels with the regional CEO of Intercontinental, Haitham Mattar. Including his new book “Pots, pans and five-year plans”. And DMCC unveils plans for a 17-story ‘Crypto Tower.’ What does this mean for Dubai’s crypto sector? CEO Ahmed Bin Sulayem joins us live.See omnystudio.com/listener for privacy information.
Stargate Project highlights rift between OpenAI and Microsoft, the UK's CMA investigates Apple and Google over DMCC, DeepSeek releases DeepSeek-R1. MP3 Please SUBSCRIBE HERE for free or get DTNS Live ad-free. A special thanks to all our supporters–without you, none of this would be possible. If you enjoy what you see you can support theContinue reading "Security Researcher Demonstrates Now-Fixed Subaru Vehicle Vulnerabilities – DTH"
Episode Highlights:In this AI-powered episode of Blockchain DXB, we dive into the latest updates in the crypto, blockchain, and Web3 space. This episode is a review of Blockchain DXB content, created entirely using Notebook LM by Google. Here's what we cover in today's episode: Former President Donald Trump is expected to sign executive orders addressing crypto de-banking and repealing controversial policies. Operation ChokePoint 2.0: Critics argue that Biden's administration pressured banks to restrict services to the crypto industry. Revoking AI Executive Order: Trump also plans to revoke Biden's 2023 AI executive order, which was criticized for its equity-focused provisions. Interesting Take: Trump's 100 planned executive orders could reshape the crypto landscape. Let's hope for justice in cases like Ross Ulbricht's imprisonment. BlackRock's latest report claims Bitcoin adoption is outpacing technologies like the internet and mobile phones due to factors like demographic shifts and the evolving future of finance. Our View: We disagree slightly, drawing comparisons to other adoption milestones like: Threads (30M users in 24 hours) ChatGPT (1M users in 5 days) Pokémon GO (50M downloads) TikTok (500M users in 2 years)These figures paint a nuanced picture of Bitcoin adoption rates. ETF Spotlight: The iShares Bitcoin ETF (IBIT) simplifies Bitcoin exposure for investors through traditional brokerage accounts but doesn't provide direct control of Bitcoin. Read More: Full report available here. BlackRock launched the iShares Bitcoin ETF (IBIT) on the Cboe Global Markets Exchange in Canada, trading in Canadian dollars. This ETF mirrors its U.S. counterpart, providing simplified Bitcoin exposure. Interview Alert: Robert Mitchnick, BlackRock's Head of Digital Assets, shares insights in his BNN interview. Sony BSL launched Soneium, a blockchain platform for creators. Built on Optimism's technology, Soneium simplifies blockchain for creatives with NFT tools and incubator programs. Four months of testing resulted in 14 million users, showcasing significant Web3 adoption. Future plans include expanding blockchain innovation across Sony subsidiaries in entertainment. More Details: Read about this on Decrypt here. ‘One Million Prompters' Initiative: The Dubai Center for Artificial Intelligence (DCAI) opens global registrations for this innovative AI program. Tokeinvest's Market License: Tokinvest becomes the first DMCC company to secure a full market license for its real-world asset marketplace. Conclusion:This episode provides a detailed review of recent developments in the blockchain and crypto world. Special thanks to Notebook LM by Google for enabling this AI-powered content creation. Be sure to tune in daily to Blockchain DXB for more in-depth insights, and share your thoughts on today's episode with us!
Host: Notebook LLM (Google's AI-driven Podcast Host) "Crypto Insights Unleashed: AI-Powered Market Review with Blockchain DXB" Episode Title: "Crypto Insights Unleashed: AI-Powered Market Review with Blockchain DXB"Release Date: December 2, 2024 Episode Overview: In today's trailblazing episode, powered entirely by AI, we deliver an in-depth review of the December 2nd episode from Blockchain DXB. This discussion revolves around the state of the global cryptocurrency market, geopolitical events influencing Bitcoin, and a comprehensive analysis of market trends. Tune in to witness how AI transforms podcasting and crypto insights. Global Market Overview: Total Crypto Market Cap: $3.44T (+0.51%). 24-Hour Volume: $153.03B (+1.02%). Bitcoin Dominance: 55.87%. Insights on DeFi Performance: DeFi Volume: $11.09B (7.25% of total crypto volume). LIDO dominance at $36.54B; significant TVL updates. Spotlight on Geopolitics and Crypto: President Donald Trump's hardline stance against BRICS nations creating an alternative to the USD. The potential impact of these policies on Bitcoin adoption and USD dominance. Market Sentiment: Fear & Greed Index: 82 (Extreme Greed). XRP Milestones: Market cap surpasses $100B; price reaches $1.92. Potential RLUSD stablecoin launch and its implications. Intriguing Updates: UK Pension Fund invests 3% of its assets in Bitcoin. Justin Sun's extravagant $6.24M banana art purchase—highlighting the blend of crypto and culture. Global Developments: American University in Dubai's launch of a Master of Science in AI program. DMCC's efforts to strengthen Web3 and AI ties with Vietnam under the $20B trade corridor initiative. This episode marks a significant milestone in podcasting, showcasing AI's ability to analyze and deliver market insights with unparalleled precision. Listeners get a detailed snapshot of the crypto ecosystem while witnessing the future of AI-driven content creation. Support the Show: Share this episode, subscribe to our feed, and leave a review to support this AI-driven revolution in crypto podcasting!
Headlines:- DMCC & Cointelegraph Partner to Boost Dubai's Crypto Hub- Almajed Oud's Stock Soars: Hits 50% Increase Post-IPO on Tadawul- UAE's ADIA Launches Operations in India's GIFT City
11 Sep 2024. It's presidential debate day- we cross live to the US to get analysis on the Donald Trump, Kamala Harris debate and what plans they each have for the economy. Plus, a new Valustrat report shows something interesting happening to the size of the homes we're buying - we speak to head of research Haider Tuaimi. And, we speak to Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC as they have opened a new Artificial Intelligence Centre in the heart of the freezone. See omnystudio.com/listener for privacy information.
My guest on this week's episode of the Mobile Dev Memo podcast is Tom Smith, a partner at specialist competition law firm Geradin Partners. I invited Tom to the podcast to discuss the recently passed Digital Markets, Competition and Consumers (DMCC) Bill in the UK, which grants the UK's Competition and Markets Authority with broad new powers to regulate digital markets. Among other things, Tom and I discuss: What the DMCC aims to achieve; The political context around the DMCC; How the DMCC differs from the EU's Digital Markets Act (DMA); What new powers and obligations the DMCC grants and imposes upon the CMA; The long-term consequences of the DMCC. Thanks to the sponsors of this week's episode of the Mobile Dev Memo podcast: Clarisights. Go to clarisights.com/demo to try it out for free. You'll see why thousands of performance marketers trust Clarisights every day. INCRMNTAL. True attribution measures incrementality, always on. Interested in sponsoring the Mobile Dev Memo podcast? Contact Marketecture. The Mobile Dev Memo podcast is available on: Apple Podcasts Spotify Google Podcasts
We talk about real estate around the UAE with Michael Doyle, Mario Volpi and Lillian Le Campion, three working real estate professionals on the 'Saturday Property Market Update' for the latest property news. Including JLT, and the new development by DMCC, Bayut AI and the way social media is used to sell properties. ► Subscribe here to never miss an episode: https://dubaipropertypodcast.podbean.com ► INSTAGRAM: https://www.instagram.com/dubaipropertypodcast/?hl=en ► ITUNES: https://podcasts.apple.com/.../dubai.../id1662176569 ► EMAIL: dubaipropertypodcast@gmail.com The Most comprehensive property guide for the UAE and Dubai. Homes for sale, Real estate agents, Real estate listings, Real estate investing, Property management companies, Commercial real estate, Real estate market trends, Real estate market analysis, Real estate finance, Real estate development, Real estate law, Real estate technology, Real estate investing for beginners, Real estate negotiation skills, Real estate marketing #dubaiproperty #dubai #dubairealestate
Map It Forward and DXB Live is proud to present a selection of podcast episodes that were live-streamed from the show floor at World of Coffee Dubai 2024 on Jan 21-23 2024. In this series, we asked the question "How do we empower the coffee industry in 2024?". The guests were sublime, and the conversation was amazing! Our guest for this 3rd episode of the podcast series is Director of Agricultural Commodities at the DMCC (Dubai Multi Commodity Centre) in Dubai, UAE.Find Saeed and the DMCC at: https://www.linkedin.com/in/saeedalsuwaidi/ and https://dmcc.ae/ecosystems/coffee Revisit these episodes and watch more live streams at https://www.mapitforward.coffee/worldofcoffeedubai2024 •••••••••••••••••••••••••••••••• The Daily Coffee Pro by Map It Forward Podcast Host: Lee Safar https://www.mapitforward.coffee https://www.instagram.com/mapitforward.coffee https://www.instagram.com/leesafar ••••••••••••••••••••••••••••••••
Map It Forward and DXB Live is proud to present a selection of podcast episodes that were live-streamed from the show floor at World of Coffee Dubai 2024 on Jan 21-23 2024. In this series, we asked the question "How do we empower the coffee industry in 2024?". The guests were sublime, and the conversation was amazing! Our guest for this 3rd episode of the podcast series is Director of Agricultural Commodities at the DMCC (Dubai Multi Commodity Centre) in Dubai, UAE. Find Saeed and the DMCC at: https://www.linkedin.com/in/saeedalsuwaidi/ and https://dmcc.ae/ecosystems/coffeeRevisit these episodes and watch more live streams at https://www.mapitforward.coffee/worldofcoffeedubai2024 •••••••••••••••••••••••••••••••• The Daily Coffee Pro by Map It Forward Podcast Host: Lee Safar https://www.mapitforward.coffee https://www.instagram.com/mapitforward.coffee https://www.instagram.com/leesafar ••••••••••••••••••••••••••••••••
En deux ans, le nombre de sociétés suisses inscrites en zone franche à Dubaï a augmenté de 30%. Au cœur de ce transfert d'activité, le commerce de pétrole russe. C'est ce que démontre l'ONG suisse Public Eye, qui a mené une vaste enquête sur « le grand jeu » mené par l'Emirat pour séduire les plus grands négociants d'or noir. Le premier atout de Dubaï est de ne pas appliquer de sanction contre Moscou, les sociétés dubaïotes ne sont donc pas tenues d'acheter du pétrole russe en respectant le « price cap », le prix plafond fixé par les occidentaux - 60 dollars pour le baril de brut, 100 dollars pour le diesel et le kérosène.Le deuxième atout de l'Émirat est sa politique fiscale. Le petit État reste imbattable en la matière, selon un rapport de l'ONG Public Eye. Les sociétés qui s'installent en zone franche et qui n'exercent pas d'activité directe dans le pays, sont exemptées d'impôts pendant cinquante ans. La place forte du négoce dubaïote, le Dubaï Multi Commodities Center (DMCC) garantit l'enregistrement d'une entreprise en deux semaines et les permis de séjour des nouveaux arrivants sont délivrés, eux aussi, en un temps record. Meilleure zone franche du mondeToutes ces facilités offertes par un Émirat par ailleurs régulièrement accusé de ne pas assez lutter contre le blanchiment d'argent -en 2022 le Groupe d'action financière (GAFI) a inscrit les Émirats arabes unis sur sa « liste grise » en raison des défaillances constatées dans le domaine- , ont sans doute contribué à la renommée du DMCC élue en 2023, pour la neuvième année consécutive, meilleure zone franche du monde, selon le prix du magazine FDI du Financial Times, comme le rapport Public Eye.Le troisième atout de Dubaï sont ses capacités portuaires. Certes, l'essentiel des barils russes achetés par sociétés immatriculées à Dubaï ne touchent pas le sol émirati, mais les infrastructures portuaires du pays sont de plus en plus sollicitées : les importations de produits pétroliers russes représentent aujourd'hui 10 % des activités du principal port commercial des Emirats, alors qu'elles étaient quasi inexistantes il y a un peu plus d'un an, selon la revue spécialisée MEES citée par Public Eye. Pour répondre à la demande, un nouveau terminal de stockage pétrolier doit d'ailleurs voir le jour.Dubaï a détrôné GenèveToutes les conditions étaient donc réunies pour que l'entrée en vigueur des sanctions contre la Russie attire de plus en plus de négociants enregistrés en Suisse vers les zones franches dubaïotes. D'autant que les filiales juridiquement indépendantes d'entreprises suisses établies à l'étranger ou les ressortissants suisses domiciliés à l'étranger ne sont en théorie pas soumis à la législation suisse. Un cabinet d'avocat cité par Public Eye confie recevoir une douzaine de dossiers par mois pour des demandes d'installation de la part de sociétés enregistrées en Suisse qui commercent du pétrole, mais aussi des minerais ou encore des céréales.En quelques mois, Dubaï est devenu l'épicentre du négoce de pétrole russe, aux côtés de Hong Kong, alors qu'avant la guerre, entre 50 et 60 % du pétrole russe était négocié depuis la Suisse, selon les estimations de l'ONG qui assure que six des dix plus gros acheteurs privés de brut russe, par voie maritime, sont aujourd'hui basés aux Émirats arabes unis.Les partenaires historiques des sociétés pétrolières russes telles que Rosneft, ont disparu du top 10 des acheteurs de pétrole russe. À la place, des sociétés au profil « totalement opaque » ont vu le jour, pour reprendre les mots de Public Eye.
The founder of the Entertainer, who sold the company 5 years ago, is back at the helm. We speak to Donna Benton, CEO of the Entertainer about why she's back and what she is planning to do to bring it back to its glory days. Plus, we talk expansion of the DMCC with Ahmed bin Suleyam. And, another comeback CEO - Dr. Howard Podolsky, who we remember from our COVID coverage, is back leading the Cambridge Medical and Rehabilitation Center.See omnystudio.com/listener for privacy information.
DMCC Youth Council - Interview with DMCC Youth Council. Aidan and Sophea talk to me on what's happening in their world of young people and goals they're striving for. Broadcast on OAR FM Dunedin oar.org.nz
Broadcast on OAR FM Dunedin oar.org.nz
Springtime in Washington: G+T lawyer Anna Belgiorno-Nettis spoke at the world's largest antitrust meeting and now reports back on equity and fairness in competition law, how the major antitrust jurisdictions are getting things done, and how Australia stacks up. Plus the world's friendliest conference and the Chatham House rule, the latest on digital platforms, including the UK's DMU and DMCC and the EU's DMA and DSA, and the godfathers of artificial intelligence and stupidity … All this and more with co-hosts Moya Dodd and Matt Rubinstein "Springtime in Washington" (1971) by Alma Woodsey Thomas ACCC Chair Gina Cass-Gottlieb and Commissioner Liza Carver at the Hodgekiss Competition Law Conference The Chatham House Rule (official) and the Cider House Rules (wrongly reported by ChatGPT) Writers Guild of America demands and counters ACCC DPSI Interim Report No. 6 on social media services The UK Digital Markets, Competition and Consumers Bill MLex on designations under the European Digital Markets Act and Digital Services Act G+T on Artificial Intelligence and misinformation Vox on chatbots from Eliza to ChatGPT Meet the Gilbert + Tobin Competition + Regulation team Email us at edge@gtlaw.com.au See omnystudio.com/listener for privacy information.
This is the 4th in a 5-part series with SCAUAE Chairman and long-time Emirates coffee expert, Khalid Al Mulla. The Middle East is a booming specialty coffee economy and Khalid is a highly influential figure in the coffee industry in the region. In this series, we'll explore "The Future of Coffee in the Middle East".In this episode of the series, Khalid explains what a freezone is and the role the DMCC plays in making worldwide trade more accessible from the UAE for global coffee brands.Connect with Khalid on: LinkedIn here: https://www.linkedin.com/in/khalid-m-r-al-mulla-8756b930/ Instagram here: https://www.instagram.com/coffeemuseum/ and https://www.instagram.com/scauae/ https://www.mapitforward.coffee ••••••••••••••••••••••••••••••••
This is the 4th in a 5-part series with SCAUAE Chairman and long-time Emirates coffee expert, Khalid Al Mulla. The Middle East is a booming specialty coffee economy and Khalid is a highly influential figure in the coffee industry in the region. In this series, we'll explore "The Future of Coffee in the Middle East".In this episode of the series, Khalid explains what a freezone is and the role the DMCC plays in making worldwide trade more accessible from the UAE for global coffee brands.Connect with Khalid on: LinkedIn here: https://www.linkedin.com/in/khalid-m-r-al-mulla-8756b930/ Instagram here: https://www.instagram.com/coffeemuseum/ and https://www.instagram.com/scauae/ https://www.mapitforward.coffee ••••••••••••••••••••••••••••••••
Highlights from the March 2023 Global Update from the Global Technical and Regulatory Affairs team at the Almond Board of California. ABC participation in the Gulfood Show ABC exhibited in the USA Pavilion at the Gulfood show in Dubai during the week of Feb 20. The USA Pavilion included 158 U.S. companies and associations including nine almond exporters. The show hosted over 5,000 exhibitors from 125 countries and was attended by over 2 million commercial visitors. Many of them expressed interest in almonds! It seems almond demand in the Middle East and across Africa is higher than ever. We had visitors from the beginning to end of the show waiting in line to ask us questions about the industry, particularly related to finding suppliers and technical information. The entire region continues to grow, with California almond shipments to UAE increasing from $193 m in CY2020 to $310 m in CY2022. The FAS offices in Pakistan and Turkey sent delegations by our booth to discuss the market, market access issues and future cooperation opportunities. Other visitors included buyers and processors from Russia, Ukraine, Algeria, Cyprus, India, Iraq, Lebanon, Morocco, etc. A logistics company from Dubai's Al Ras wholesale market shared a google map link that shows how product moves from Dubai to Afghanistan and other ports in the area. Check it out here. FAS/Dubai also led a tour of the DMCC Tea and Coffee Processing Center at the local Port's FTZ. DMCC is partially owned by the UAE government and has years of experience in trading/processing gold and diamonds. DMCC plans to expand its operations to provide services to other sectors, including tree nuts, in the future.ABC – India Trade Conference During the week of February 14, the annual ABC trade conference was held in India. More than 240 importers and processors attended the meeting this year. Starting with a regulatory update, discussions focused on the greatest impediments to the market which were identified through a survey of Indian trade. Retaliatory tariffs and FSSAI regulation were among the key concerns. The need to form alliances and engage through Indian partners was highlighted as an important means of addressing concerns. Considerable interest was expressed in the crop status, particularly insights from a California handler panel. While everyone is waiting to see how the California crop progresses, there was considerable optimism related to the long-term growth potential of the India market. This carried into the presentation of ABC marketing initiatives in India. Building on a strong tradition and culture, programs are expanding to encompass more health influencers. Other opportunities exist in ingredients, which are a growing sector for almonds, as well as expanding into rural India.Great Britain PEC CertificateGreat Britain (GB) is in the process of reviewing/revising regulations that it retained from the European Union (EU) post-Brexit. This includes EU regulation 2015/1949, which governs the Pre-Export Check (PEC) program that recognizes California Almonds for a reduced inspection rate upon arrival in the EU. ABC has been made aware of a GB-specific version of the Pre-Export Check certificate to accompany California almond exports to Great Britain. ABC contacted both UK Port Authority and FAS staff to ensure no shipments are detained pending an agreement between GB and USA. USDA has advised that UK authorities have agreed to accept the current PEC certificate while the situation is being reviewed. Optimally, UK import control authorities will agree to use the existing PEC system with slight modifications to satisfy GB requirements. We will update the industry once a final decision is agreed upon. If any handlers have their shipments impacted, please reach...
Lawgical with LYLAW and Tim Elliot
In this week's episode of Taking Care of Business, CEO; Lewis Allsopp and COO; Carl Allsopp talk about all things artificial intelligence, how it impacts the world, and if it can change the world of real estate. Also, is Dubai experiencing an ultra-high net worth boom in the property market? And what's new with Ellignton and DMCC's newest venture? Tune in and find out all that and more on Taking Care of Business! Hosted on Acast. See acast.com/privacy for more information.
We get the thoughts of some of our business leaders what they did as teenagers - and what advice they had for young entrepreneurs. Plus, the UAE is to invest 30 billion dollars in South Korea. Scott Snyder is the Senior Fellow for Korea Studies and Director of the Program on U.S.-Korea Policy, Council on Foreign Relations and he's been following the visit closely. We get his take on it and why it's important. And lots of green energy headlines at the start of ADSW - World Future Energy Summit starts today. Steve Severance of Masdar City joins us live. And as DMCC release their impressive numbers we sit down with their boss Ahmed Bin Sulayem for an extended chat.See omnystudio.com/listener for privacy information.
We listen back to the last time he was on the Business Breakfast and get the reaction of oil expert Matt Stanley. Plus, we talk to DMCC about how Dubai is maintaining its global reputation as a top commodity trading hub. And, Robin Mills of Qamar Energy explains how oil and gas prices are faring at the moment. See omnystudio.com/listener for privacy information.
Tracy Trachsler of CV Labs, Josef Holm of Draper Goren Holm and H.E. Ahmed Bin Sulayem of DMCC discussing Building a Global Blockchain Hub
In this episode of Frankly Speaking the head of one of the UAE's most successful free zones talks about the country's decision to bring in corporation tax and what it means for business in the Emirates
The 10 Leaves Group, one of the region's leading bespoke consultancies, now launches solutions for blockchain and crypto fintechs! Our journey started with regulatory licensing services in 2005, one year after DIFC launched the first financial centre in the region. We built up a strong portfolio of clients in traditional finance, and then moved on to advising fintechs in establishing a base in the region and getting regulated. Today, the 23rdof January, marks a new milestone in our journey. We have become the first consultancy to launch in the metaverse, and with it, bring to the UAE a wide range of blockchain and crypto-related solutions. The UAE's recent focus on blockchain, coupled with the exciting announcements of DIFC implementing a Digital Assets Regime and DWTC signing up with Binance, is expected to bring in hundreds of startups that operate in the Defi (decentralised finance), DApps (decentralised applications) and NFT (Non Fungible Token) space. 10 Leaves, through it's technology arm Tenl Technologies, has built up excellent capabilities in these sectors. From fintech advisory, regulatory sandbox consulting to tokenization and legalities of smart contracts, the 10 Leaves Group is poised to advise it's clients on blockchain-related implementations and regulatory licensing across DIFC, ADGM, DWTC, DMCC, Bahrain and Europe (Luxembourg and Lithuania). The blockchain space is new, and ever evolving. These changing paradigms call for a new look dedicated site. Presenting DCENTRAL.AE. Your resource for all things decentralised. And yes, we are on IPFS as well (if you understand what that is!) – and if you know how to “BRAVE” your way there, do have a look at 10leaves.x. We didn't stop there. Today, 10 Leaves also becomes the first consultancy of it's kind in the region to accept cryptocurrency payments, thus opening up their services to a wider audience of pioneers in businesses that work with Distributed Ledger Technology applications. Dubai has demonstrated it's vision by focusing on new technologies, and as a consultancy with over seventeen years in the business, we aim to complement the leadership's efforts in supporting entrepreneurs and visionaries who will shape our lives in the years and decades to come…Our crypto-related solutions will help startups and established players in this niche space to navigate nascent and complex regulatory requirements, while staying competitive and compliant.
The 10 Leaves Group, one of the region's leading bespoke consultancies, will now accept crypto payments for their blockchain-related services and solutions. With this, 10 Leaves becomes the first consultancy of it's kind in the region to accept cryptocurrency payments, thus opening up their services to a wider audience of pioneers in businesses that work with Distributed Ledger Technology applications. The UAE's recent focus on blockchain, coupled with the exciting announcements of DIFC implementing a Digital Assets Regime and DWTC signing up with Binance, is expected to bring in hundreds of startups that operate in the Defi (decentralised finance), DApps (decentralised applications) and NFT (Non Fungible Token) space. 10 Leaves, through it's technology arm Tenl Technologies, has built up excellent capabilities in these sectors. From fintech advisory, regulatory sandbox consulting to tokenization and legalities of smart contracts, the 10 Leaves Group is poised to advise it's clients on blockchain-related implementations and regulatory licensing across DIFC, ADGM, DWTC, DMCC, Bahrain and Europe (Luxembourg and Lithuania). “Dubai has demonstrated it's vision by focusing on new technologies, and as a consultancy with over 17 years in the business, we aim to complement the leadership's efforts in supporting entrepreneurs and visionaries who will shape our lives in the years and decades to come”, said Rohit Ghai, Founder of 10 Leaves. “Our crypto-related solutions will help startups and established players in this niche space to navigate nascent and complex regulatory requirements, while staying competitive and compliant.” “We aim to build an ecosystem of web3-related stakeholders”, added Soumen Ghosh, who has joined the 10 Leaves Group as Partner-Technology. “This includes everyone from early adopters, to startups, tech providers, investors and regulators…to encourage conversations that will lead to contributing towards making the UAE a hub in the blockchain and crypto space.”
The UAE is the hottest nation in Blockchain right now! We cover everything from government, enterprise, crypto, legal, tax and how to the UAE plans to attract 1,000 developers a month... The federal government and the c.50 free zones within the UAE are all competing to bring Blockchain, Digital Assets and Crypto innovation to the region. From aggressive national strategies, to incentivising and investing in start-ups, and forming collaborations with some of the biggest players in Blockchain, the UAE is more than just a tax haven for Crypto OGs. Featuring guests from the Dubai Blockchain Centre, Dubai Future Foundation, DMCC, Tezos Foundation, CV VC, du, Etisalat, IBM, Biconomy, Karm Legal, Keystone Law, Abed Group, WoM Protocol and much more... Whether you're into enterprise Blockchain or Web 3 and DeFi, this episode has something for everyone, as well as deep dives on the attraction of Free Zones, why start-ups pay hundreds of thousands of dollars on tax and legal advice, and bilateral government projects with Blockchain. Shout to my amazing guests, including: Marwan Alzarouni (Dubai Blockchain Centre), H.E. Gabriel Abed (Ambassador of Barbados to the UAE), Faisal Al Hawi (Dubai Future Foundation), Fatma Elsafty (du), James Bernard (DMCC), Irina Heaver (Keystone Law), Anthony Butler (IBM), Hubert Thonhauser (Tezos Foundation), Lara Abdulmalak (Unlock Blockchain), Alexia Hefti (Abed Group), Jorge Carrasco (Etisalat), Oliver von Wolff (CV Labs / CV VC), Akshata Namjoshi (Karm Legal), Melanie Mohr (WoM Protocol), Maria Vovchok (World of Web3 Summit), Ahmed Al-Balaghi (Biconomy)
Episode Summary:What Does China's Crypto Ban Mean?Regulations Twitter Bitcoin integration Moon or Bust - To Play Moon or Bust go to https://www.benzinga.com/markets/cryptocurrencyTokens talked about on the show:DEI, ETH, xSUSHI,CURVE DAQ Token,Guests: Maxwell Grosse Over 6 years of engineering, program management, risk management and business development experience. Former Boeing Defense, Space, and Security engineer. Over 5 years of cryptocurrency market and blockchain research experience.) wil be on to talk about SuperBid's NFT marketplace and update us on recent developments for SuperBid.Resources:Subscribe to our Benzinga Crypto Youtube Channel Today's Cryptocurrency Prices by Market CapCheck Out Other Benzinga Podcasts Here:Check Out All Benzinga Crypto News HereGet Moon or Bust Crypto Merch Here Join the Telegram: https://t.me/moonorbustBZ for 25% of Moon or Bust Podcast swag.Claim 1000 ZING airdrop: https://www.benzinga.com/zing Meet The Hosts:Brian MoirSolidity and React Developer | Blockchain Enthusiast | Decentralized Internet Advocate | Crypto investor since 2012https://twitter.com/moirbrian Logan RossBlockchain Analyst @ Benzinga | President @ Wolverine Blockchain | Crypto investor and educator since 2016https://twitter.com/logannrossRyan McNamaraBought sub $90 ETH during the bear market | Liquidated on ByBit | Was into DeFi before it was cool | Ran ASIC mining operation in 2016 (sorry planet Earth) | $UNI Bag Holderhttps://twitter.com/ryan15mcnamaraDisclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Unedited TranscriptHello, zinger nation. Welcome back to moon or bust your home for all things. All coins and defy. This is flight 47 on the moon or bus rocket ship. If you can believe it. Uh, today's space flight will be hosted by me, Logan Ross, and co-hosted by Brian Moore, defy developer and Ryan McNamara, exit liquidity nation.How are you guys doing today? Fantastic. Hey, quite the name you came up with today, Logan just pull it right off the top. How was things in Logan's world? You Logan's world is going pretty well. Just keeping it calm, stay in busy, trying to, you know, just, just stay focused. Just do it. Provide the best moon or bust content in the world, uh, that I can possibly come up with coming up with all these crazy names off the top.So, uh, yeah, so let's, let's talk about a couple of safety procedures that we need to get out of the way before we can start the show. Uh, so first up I need anyone who is willing and able to please activate their. But in, into the on position, uh, I need everyone else to comment down below the crypto projects.You're looking at this week, drop tickers, whatever it might be, and maybe let us know why you're looking at them, what you're thinking about them. Uh, and if we get time at the end, we'll go through them all. Uh, after that, while you're down there, I want to point out a couple links in the description below.So first up is the Benzinga crypto YouTube channel. Uh, you do not want to miss out on this content. It's all the highlights from all of our crypto shows here at Benzinga. If you're new, make sure to subscribe to the main channel as well. Also, we have a telegram and merge. If you join the telegram, we'll give you a 25% off discount code so you can get a sick moon or bust a theory about.Designed by yours truly. Uh, and as always make sure to connect with us on Twitter and check out our helpful money site resources in the description as well. Uh, okay, so let's get right into the news. Ryan, you want to tell us about the sushi swap hack that happened? I think Brian could probably do a little bit better job as the defiant developer, but $3 million were stolen off of sushi.Swap from the Misa launch pad. Brian, do you want to go over this in detail a little bit more? Um, you let me pull it up and you go ahead and do a little run down and let you pull up. So this happened, was it yesterday, Logan, there was 865 Ethereum stolen off of me. So, which is a product on sushi swap for small tokens.It's essentially a launch pad where people can invest in a initial Dex offering. So similar to ICO, but it's called the IDEO. Um, so someone was able to inject malicious code into the software. So everybody trying to get these tokens or ended up just giving their ether to this guy's wallet. But luckily there are a lot of nice hackers in crypto.So this guy already gave back the funds and then some, so he's still. 864.8, Ethereum, which is about $3 million. And today he gave back 865 Ethereum. So maybe it's earning interest on it or something. A rumor has it that he got some miso soup delivered to his house. So maybe he was paying them back for the miso soup delivered to his house.I that's not confirmed, but that's what I saw on Twitter. So, I mean, if it's on Twitter, it's probably cool guy. I want him to hack me next. If he's going to get back the money, give back the money. It looks like this attack was, uh, called a supply chain attack. And I actually don't know too much, um, about how that kind of works.I was trying to look into it and get some details, but it's, it's a little bit more, um, involved or complicated than a. The, the flash loan attacks or, you know, that kind of exploit, it's not as straightforward or simple as, you know, you may rise in the price and then taking all out and excellent liquidity or taking everything out of a certain wallet or something.It's a, uh, a supply chain attack. And so it's, this is a new one to me. I think it's been around, but. Yeah, it's a little different. I have to look into that and report back on what a supply chain attack is. Next time I heard that it was a malicious code, injection attack. Um, and I mean, that one seems more, more common to me.That's probably the same thing. I mean, maybe it's just another name for. Uh, anyways, let's see. So how about that new, uh, sushi swap NFT. I'm Ryan. Yeah, that's really exciting. It's called show you NFT. And it's coming out this month on sushi swap. Lots of developers are working on this right now and it looks like it's going to be the first real big competitor to open.See, everybody uses open, see for NFTs right now. And like we've covered on the show. There's been a lot of problems with it. From servers from employees from a lot of different things on open. See it hasn't been a great experience for many users there. So this is going to be really interesting to see how this sushi swap.And if ti marketplace goes over there adding some really cool features to it. For example, you can place bids on NFTs and that either is usually locked up, say on open sea and you can't use it on sushi swap. You'll be able to earn yield on your. So this is going to be like particularly well for the people who have hundreds of NFTs and a lot of Ethereum.And, you know, they're going out and going on board apes and putting in 30, 40 eith bids and hoping that they get accepted now, instead of just having that be locked up on the platform, they can actually be earning interest on their Ethereum while these bids are placed on an FTS, which I think is really cool.There also, they're also fractionalizing NFTs. So you'll be able to get fractionalized NFTs on the platform, which is essentially buying a piece like a share of an NFT. We'll see if the sec comes after sushi for that. I know they're after unit swap right now and fractionalize NFTs are likely to be security.So there will probably be regulation coming four or five fractionalized NFTs. We haven't seen it yet. I mean, it's such a new space, but I really like what sushi swaps doing. They've been putting so many new products onto their website and I love where they're going. So what do you guys have to say about sushi?Swap about show you NFTs. What's your take, do you think they can think about sushi? Swap? I found my notes. Um, so the malicious code and the whole hack is somebody went into the get hub and change the wallet address to their own custom wallet address for the IDEO. And so they, uh, you know, everyone depositing funds just put it straight to this.Person's, you know, Ethereum wallet. Yeah. He was like, okay, well, now that I got that look how easy it is. He returned it, but that's really what happened. So there was malicious code put into the front end to change out the wallets and everything like that. So malicious though, wasn't malicious because he gave it back after a day.It might've been because they threatened to file with the FBI. But I think a lot of these people who do this in return, the funds are just trying to protect people from these bugs in the code. And they don't want to go to the government. I mean, so many people in crypto are libertarian. They want to deal with the government.Um, so I mean, this is just another way to do it. And honestly, it seems more effective because they keep the funds safe in their own wallet and they exploit something. It gains a lot of attention and then it gets fixed within a day or so instead of actually try and go to the government to get something done, which would take months or even years to do, it's kind of like hacktivist.Yeah, you have, there's quite a bit of that. And it's, I think it's a good thing because you don't have people just straight taking everything. Like you said, you have people trying to protect other people's funds, protect a project and make sure things are growing. And I like that. I mean, I don't want $50 million of mine stolen, but I don't have 50 million.Yeah. I mean, once you discover the bug, it's the classic prisoner's dilemma, whoever you report it to then has the opportunity to just take the money themselves. Right. So he has to lock it up and then hopefully he'll be a good guy. He or she will be a good guy and return the money. Um, okay. Let's see. So yesterday reportedly, uh, $1,000,000,001.2 billion of Eve disappeared from centralized exchanges, uh, glass nodes, reporting, some different things.Uh, but this one is from, I think it's called into the block. Uh, it was the people, it was the company that reported. Um, we S we haven't confirmed, uh, with glass snowed yet, but we're working on it. So if this is true, we'll just report it, uh, you know, tentatively for now, uh, and talk about what it could mean if it is true.So, Ryan, you want to take it away. So yeah, if this is true, $1 billion, $1.2 billion of each leaving exchanges should be pretty bullish for the asset. So if people are taking their Ethereum off exchanges, typically they aren't looking for liquidity. If you have your crypto on an exchange, You can easily sell it for FIA and then cash out of your investment.Whereas people transferring off of exchanges usually do so for enhanced security to hold over the longterm or use with the Phi project. So if you're using Ethereum with DFI projects, there'll be locking it into smart contracts. Maybe you're staking on eith too, with this much money, maybe you're using a different program to earn some passive income, but usually it's a really good scientist.Ethereum leave exchanges. That's essentially a theory that isn't going to be. At least on centralized exchanges until it's brought back onto these exchanges and sold for Fiat currency. So in my opinion, this is something that's really bullish. And we haven't seen this since. What is that like? No April was, this is a new record all the time, all time record.That's huge. But the last time you saw anything similar was back in April and you can see that was right before each shot up like 60% or even higher. It looks like it shot up from maybe $2,200 all the way to $4,000. So obviously we don't know if that's going to happen again, but we see when he leaves exchanges, especially in high volumes like this, a lot of times it's a good bullish signal for.Yep. And they pointed out the last time this happened, as you said, Ryan, if the price of Ethereum increased by 60% within 30 days. Uh, so, um, I got my fingers crossed that this is true. Could be good news. Oh, ready. Got anything else for us today on the agenda? I think we covered the news. Shall we hop right into the interview?Let's do it. Okay. So today we have with us a very special guest. His name is TiVo and he is a researcher and expert on special economic zones. So I'm going to bring him on to stream. Uh, Hey, TiVo. Welcome. Hello. Nice to meet you. Yeah. Nice to meet you too. How are you doing today? Excellent. Glad to hear it.Well, thank you so much for joining us. Uh, I'm not particularly an expert on special economic zones, so I'm excited to learn today. Um, so could you tell us a little bit about your background, uh, in various industries about special economic zones and then maybe eventually how you got into crypto? Sure, sure.So I'm the co-founder of a firm called the Adrian Oakville group where the only business intelligence firm that works with, um, exclusively and the Sez India. We primarily work with investors who want to put their money in the zone who want to invest in building a new zone and sort of do all of the background research necessary to guide them through that process in terms of crypto.Um, it's been more of a personal hobby of mine. I first got into crypto in 2013, uh, due to a conference. So I've been seeing sort of the, the, the different booms and busts over the years and all of that, the, the case. Um, but recently it's intersected with my professional career because it turns out that a lot of special economic zones are now trying to adopt regulatory frameworks to promote cryptocurrency, to legalize it in countries that are otherwise illegal.So it's this very fascinating trend on the regulatory. Okay. So for anyone out there who hasn't heard of special economic zones before, uh, could you just tell us what they are and what the purpose of them is? Sure. So especially economic zones are a part of a country that has its own rules and regulations separate from the rest of the country.Think like a native American reservation that is exempt from federal laws and can have a casino. If you're an American and legal cannabis. Well, sometimes governments that have a lot of very complicated rules for doing business. We'll do this with a business park or they'll do this sometimes with the whole city.Um, you've probably heard of them Hong Kong, wouldn't left Britain and rejoins China rejoined as a special economic zone with a lot of legal autonomy. Uh, Dubai is a city that has, I think 46, 47 SEZs it's just a city state of city states. Um, this is about 7,500 STDs in the world, 12,000 total, they're in 70 countries and they account for this huge percentage of the world economy, and nobody's ever heard of them, which is why they're so fascinating.Yeah, that is crazy. I had no clue that. I mean, it's, there's so many in Dubai. What would be the purpose of having so many in one small location? Sure. So in the case of Dubai, um, this is a common misconception. Dubai did not have any. So what happened is that you have this, you have this, this desert country in the middle of nowhere and all of their neighbors were politically unstable and had oil.So instead of selling oil, what they decided to do was to settle legal stability, and they outsourced the legal system to the best lawyers from the UK to the best lawyers from Singapore, they created these special economic zones for different entities. Uh, DMCC Dubai, uh, multi commodity center, uh, Dubai international financial center for different industries that had different legal systems.And because all of their neighbors were trying to pump the oil sort of during the gold rush, you know, the people who made the money, weren't the, the, the schmucks who are out there panning for gold. It was the people selling the pancakes and selling the shovels. So that's basically what Dubai did. Hmm.Fascinating. I don't know if you have an estimate, but what, uh, like what portion of the global economy or what effect, uh, of the total global economy desk Easy's play. Are you ready to be somewhat terrified? I'm ready. Okay. You're going down. Walmart. You're looking all of the plastic crap that they have.What percentage of it was made in a special economic. According to world bank figures. Uh, I'll let Ryan gets 10% about 50%. So if you're, if you're looking at the largest Sez is a special economic zone in Saudi Arabia, $1 trillion of money from the Saudi sovereign wealth fund, you know, invested in this thing.Um, the population of the special economic. You have cities with populations, 40, 50, 60 million people living in China, uh, millions of people in India, living in them. And many of the people who live in Denmark only at most vaguely aware. So what this means is that. When governments want to try some new legal sort of legal system.And I have some very interesting examples of this, uh, with something like cryptocurrency, which is highly controversial, the moment they start putting it in SEZs, it's almost like they're testing something to implement on a more widespread national level. So it was very interesting applications. So what have we seen with crypto?And Sez so far. So in 20 12, 1 of the first jurisdictions to start regulating cryptocurrencies was the Cayman enterprise city and became an islands. Now came in Ireland, already sort of top rated jurisdictions. Maybe a tax Haven has its own issues, but it's sort of like the top rated jurisdiction within the top rated jurisdiction already.Right. And they decided to start regulating crypto code. And instead of actually reducing regulation on crypto, they actually increased it. But because they did this before anyone else, it meant that all of the investors who had regulatory concerns started investing there. So, um, a lot of these, the like the browser brave and a whole bunch of these, these, these, I think coin from, uh, are all based and came in.Um, other interesting examples. It turns out that a lot of these special economic zones. Have electrical generation. So during downtime, when you know, nobody's using electricity at 3:00 AM, right? So, and if you're have a coal plant, all of that electricity is just wasted. So in the past, what they've done is literal mining, where they actually will smell to metals with the excess electricity and like literally have the metal refineries and smelter.Is there any Iran, a country or cryptocurrency is legal. We had this guy on my podcast. Um, Iran has legalized Bitcoin and its special economic zones has hold a mining. Operations is actually working with all sorts of investors and what's even crazier. They're going to start legalizing it for retail investors for companies registered on the, on the Kish island, uh, just a few weeks ago.So we're going to see a lot more of that. That's cool. So it seems like SEZs are almost like a pilot program before it goes out to the entire country. Yes. Yes. So when, when China reformed from, from socialism to capitalism in the 1980s, um, they had just had this mass famine from rapidly changing everything to communism.Where about 50 million people died of famine in China due to economic mismanagement in the fifties, for a sense of scale, the entire death toll of all of world war II, including the whole. Is 80 million. So 50 million people starving China, 80 million people die in all of world war II. Right? So worst disaster in human history, maybe second, worst after world war II.So they really did not want to just like adopt capitalism on the national level when the switch to socialism was so disruptive. So they tested it in these special economic zones. And, uh, within the first year, 60% of all foreign investors. Coming to China was coming through the SEZs. Wow. So SES, these have been around for a long time, then it's not like they're a new phenomenon non, when did they start coming about?So I've actually been doing a lot of research to this. Um, if, if that's sort of an interesting rabbit hole, but, uh, the Roman empire to give you a sense of scale, one of their enemies was the city state of roads. Um, roads is like, you know, sort of the island that's right next to Turkey. Roads had all of this massive navies and the Romans had to attack by sea, but they're Navy.These were crap. Worst of all that the fighting Carthage at this point, this is 1 66 BC. They'd been fighting Carthage at to this point for 30 years. So their manpower was totally exhausted and roads were there could have been an alternate timeline where roads unseated, Rome, and wiped out the Roman empire before it had a chance to be born.But Rhodes had one critical. It's entire government budget, which is funded by a 2% tariff on all goods going through their parts. So the Rogan's created a special economic zone with a 0% tariff, right next to roads. And in five years roads with so bankrupt that they voluntarily begged to join the Roman empire.Wow. That's a cool story. So, uh, moving back to crypto TiVo, have you consulted for any cryptocurrency projects? Um, no. Okay. So what's the typical role? Like, do you see blockchain playing a role in these STCs for the, for the companies that you do consult for? Yeah. So, um, one of the companies that we consult for, have you heard of Kronos?It sounds familiar, but I'm not familiar with the audience anyway. So most is a VC fund. The anchor investor is Peter TLF PayPal. Okay. My wife works there and you should talk to Patri Friedman. I could give you an intro. He's the guy who runs the fund is actually investing. Uh, and they have a whole bunch of famous LPs, but I don't want to get in trouble, but less well-known well-known figures.I, I think Balaji is public. So I'll, I'll say him, but what they're doing is they're actually going out and they're actually investing in sort of like the really futuristic projects that are going through. Make the cryptocurrency regulation happens. So it's sort of the invisible underpinning and you have some servers, you know, you have a registered company in the zone, you have the servers in that zone.And as long as you're not dealing with us investors, you have to deal with sec. Um, you can bring in investors from anywhere in the world and there'll be a, there'll be exempt. So they're looking at projects and in Honduras, uh, Nigeria, they've already invested in, uh, looking at other projects in Africa.Yeah, don't want to get in trouble, but a very interesting stuff. So cool. And then I saw that one of your services is information assurance where you help companies verify and secure data. What are your thoughts on the intersection between information assurance and crypto and blockchain technology? So I can't really comment too much about that, but it's actually not information assurance or I guess that's part of it.That's really the big use for blockchain, right? But it's for online company registries. Um, because if you, if you just have like some random dude who just starts like a blockchain registry, right? You, you, you, you release the software online and get a bunch of users. It's not actually tied to any legal system.So it doesn't the U S government doesn't recognize this in contract law. But if you're tied to say the government. I don't know, let's, let's just make up a country, say Nigeria or something like that. And you're all Cayman islands. Right. And you're tied indirectly because the SEZs are. Can act as a metaphorical user interface between you and the government.So you actually registering your company with the zone and the zone itself is on the blockchain. That actually creates a situation where you can implement these technologies legally in a way that normally kind of bypasses having to like change legislation, to have blockchain company registration recognized by the U S government.So very interesting ways you can hack and bypass the legal system. Hm. So turning back to regulation for a second, uh, how should the U S and I, and other sovereign countries, and maybe how, how will Sez is playing this as well? How should they handle crypto regulation? Um, I can't really speak to that simply because I'm not a, an expert on crypto regulation, but my, my own perspective is that, and this is just sort of a personal opinion, not a professional.Is that the government should create sort of sandbox environments where people can, Hey, you signed this document, you know, maybe I'm going to lose everything and you, you, you acknowledge and you just try whatever. And maybe it turns out to be stupid, but I really think that's sort of the, the approach that, um, is going to generate the most innovation.Interesting. It's like we saw that Bitcoin beach in El Salvador. Like a little test city. Uh, yeah, that makes sense. I don't know anything about it yet, but, uh, interesting project. So TiVo, you guys also provide cyber security audits to your companies who are in SEZs. Why is this particularly necessary for companies that are in special economic zones?Um, you know, it's just sort of a standard package of it services. Uh, one of our co-founders Herzon on Flores just used to be doing cybersecurity. He did cybersecurity for Virginia police. So it's just like, Hey, let's just toss that in as sort of a service we offer, but really, you know, our, the, the bulk of our services right.Is mostly due diligence. It's mostly, Hey, I want to invest in X, Y, Z zone. Um, and working with investors on that front to get into the zone. I have some interesting sort of actually examples that are quite relevant right now. Um, right now, one of the big things that's, that's, that's, that's that's going on is Belarus.The Belarus industrial park, right. Has announced this complete cryptocurrency sandbox, but you know, people, I'm sure your, your listeners, or at least a good percentage of them will know that there are massive. Uh, protests against the Bella Russian government, right? There are massive situations where the government was almost basically overthrown because it was so corrupt by the people and massive, you know, horrible police, crackdowns, horrible treatment of protestors.Right. So we're kind of like the guys you'd hire before you go to Belarus to figure it out. Hey, if you go here or if you go to some other country, um, you're going to get in trouble and all sorts of weird.so my, my next question for you TiVo is about the types of blockchain implementation that you've seen in SEZs. Is it mostly like say payment processing where you can send payments like cross borders for very cheap, or is it more adoption of private blockchains within a company? We're an investment or is it more like blockchain platforms, like a theory or Solano where you can interact with programs on a blockchain?Um, so it's, it's, it's kind of disappointing. You don't really see that many. So w if you're talking about the well established special economic zones that are already in existence, you don't actually see that many real day-to-day applications of blockchain yet. However, to the extent that it is arriving, Uh, it's much more on the payment processing side.Um, it's less that the blockchains themselves are using the, the, the, the, sorry, the special economic zones themselves are using blockchain technology and cryptocurrency. What it is is that it's more that the, uh, the, the, the, the people. Are setting up these companies in order to operate in a given region are relocating to the zones and the zones are basically bending over backwards, going really, you know, all out, uh, in order to sort of help make that happen.Hmm. Interesting, interesting example. Right. So in may of this year, two of Dubai's most longstanding special economic centers. These SEZs have been around for, you know, 40. Uh, DMCC and the IFC Dubai international financial center. Um, these zones typically stayed away from crypto. These zones very much, uh, headquarters of site, Blackstone, Warburg, Pincus type old school wall street, private equity firms, middle Eastern headquarters for these companies.And typically the zones that have done crypto, you know, the zones that have gone for. I have been kind of like the zones in Iran or the zones in Belarus. And they've been kind of the SEZs in weird place as of the last six months, the big trend that you're seeing with kind of this, this, you know, third, big bubble in the last like six years sort of coming to an end is that the zones have realized, Hey, crypto may crash and rise or whatever, but it's going to be here to stay.And if they're not sort of on the bandwidth, Uh, they're going to get left behind. So they're adopting regulatory frameworks, which on paper look like they're imposing all of these sanctions on crypto, but by actually creating this environment, um, are actually able to sort of reassure investors that these are going to be stable places to invest in.So have you seen that special economic zones that have made regulation for cryptocurrency? Have an influx of investors come to them over the past year with blockchain exploding and crypto going up. So. Yes, not only do they have an N so Cayman enterprise city has, I think it's either 200 or 250 spots.All 200 and 250 are full with a huge waiting list for any office space. Um, I spoke to a guy who ran a random textile park company in El Salvador. He rans El Salvador's biggest textile, special economic zones. You know, all they do is like make t-shirts and white rubber gloves too, and good, useful stuff.And he wakes up one day reads the news. Huh? Cool. El Salvador's, you know, adopting. It doesn't think much of it opens his inbox and has, you know, 900 emails from random people, cold emailing him to relocate to his own. And he's like, what in the world is going on? You know? And you're hearing the most crazy stuff as soon as one of these zones even announced its crypto.Um, it, th th th they get bombarded, but the problem is that these zones have no ability to identify, say, Ponzi schemes from, you know, legitimate projects. So it's, it's, they're also terrified. Uh, a lot of the ones are, are full of Ponzi scheme. It's a total, it's a total mess right now. So it sounds like countries and their citizens have a lot to gain from introducing these crypto special economic zones attracting lots of innovation.Uh, but they do have to, you know, start small work their way up, learn the valuable lessons about the Ponzis and the real projects. Um, that's cool. What would you say the most important role that crypto or blockchain plays in these special economic zone? So in one, one really interesting trend is that a lot of these zones there's like every possible imaginable industry has a zone and the level of specificity, the level of granularity think of zones.It's like a tailored legal system to target a very granular, specific industry. Right. And I'll give you an idea. I was talking to a guy who does nonwoven fabrics, things like wool or rubber gloves, plastic, blue tarp, all of that's non-woven fabrics. And I'm like, so tell me more about the textiles industry.And he got really pissed off and he's like, I'm not textiles and non-woven fabric totally different industry. And like, that's sort of the level of meekness. Right. And a lot of these zones. We're office parks, a lot of these special economic zones where like, like, you know, rows of computers, cubicles, whatever, uh, in the Philippines, all over the world.And the workers are just never coming back to the offices. It's not a two-week lockdown. It's not a six month lockdown. They're all working from home. None of them want to go back to the Cuba. Um, and now all of these zones have this infrastructure for office space, which could be adopted for crypto, could become, you know, startup incubators, and they're suddenly left scratching their heads.So I kinda think that the, these governments are slow moving. Um, I'd say that they're trying to use cryptocurrency and blockchain as sort of a replacement in half the cases. It's a replacement for anchor tenants who disappeared. And then the other half of cases, they're kind of late to the bandwagon and they're desperately trying to find their way to get in.So it's, it's generally one of two things and occasionally you have some really forward-thinking, you know, jurisdiction. You have three or four. That I actually are, but yeah, that, that, that actually sort of our foreign thing, but usually it's fear and a fear of missing out. Yeah. I can see that. Well, how big are special economic zones?W w what's the range or how can you tell where it's located? All right. So I have two sort of extreme stories. Um, there, the us has something called foreign trade zones. There's about 250 300. All they are. Is that good? The enter and exit the foreign trade zone legally haven't entered the U S so the idea is that you're building a car, you import the tires from, you know, Germany or whatever you put them onto the car and they don't have to pay the tariffs.So the us has like the most basic lowest level of Sez. They barely even count. I, I read online that in San Jose, California, when I was visiting there, then the special economic zone. So I messaged the guy and I'm like, Hey, can I visit the zone? And he's like, oh, sure. And the first bad sinus, he says, nobody's visited me in years.So he takes me to this, you know, 40 story building. Right. And I go into this building and I go up this elevator and there's this dusty little office that is, um, you know, three meters by two meters like this, like dusty, tiny one extreme. And that was the foreign trade zone. That, that, that was. Um, uh, so on the, on the largest and, um, you, you have in El Salvador the same within a few months of, of, of, uh, El Salvador announcing that they were going to Bitcoin.China announced the zone several hundred square kilometers. That's going to encompass 20% of El Salvador's coastline. So. So, if you look at these zones into the in desert countries like Saudi Arabia, or even the UAE or Oman, right. You have zones that are hundreds of square kilometers. So it's really the whole gamut in terms of population.Once again, dusty closet, uh, Chinese Ken's in population. How do you delegate, uh, especially getting an exam, like H how do you just say, like, Hey, this is the zone, this is what we're doing. So there's two ways that special economic zones, uh, come about. Um, the first is sort of, application-based think a government official with a Sharpie drawing on a map from now on this area over here will be the special economic zone.That's kind of like the China model. You know, it's the pointing at the map, the tapping, we will have economic development. Um, the other model is application-based. So that's like Columbia, where if you own say two or three square kilometers of land and meet this long checklist of requirements, you file an application and you get, um, you get special economic zone status on their land.So sometimes they're started by the government. Sometimes just started by business. Uh, we got stats that our company. One third are, are purely government. One third are purely private and one third public private partnerships. So it's almost exactly evenly divided. Um, but the extent of the private designation is pretty incredible because you have the city of Google, uh, Gurgaon and India, and they switched the names about 10 years ago.And the entire zone has private water system, private police, private fire department, private electricity, primary management, nothing is done by the government at all. And you have zones that are taking this even further in Honduras. You can even apply to have entirely privatized legal systems for all civil law.So anything that's not criminal law that's in these Honduras is Adams. That's going to be special economic. It goes to a fully privatized legal system within the zone. And it's scaring a lot of people and you know, whether or not it works out, I think is still up for debate, but they go pretty far sometimes by the way, constellation 1 million.So, wow. That's incredible. And that's super interesting. I'm really surprised. I haven't heard of that. And I'm sure that's a super interesting case study to research about, uh, have you done some research on this? Like how is it really playing out? Because I haven't heard. Okay. How how's what playing outside privatization in, in these SEZs that are doing this.Um, as far as I can tell, it's a roll of the dice. Most of the time, you're going to get a two to five and not much will happen either way. Sometimes you get a six and you get the city of Shenzen, you know, which goes from a fishing village of 60,000 to a mega city of 60 million. And like 40 years and accounts for 60% of China's investment than 70% of their things.You know, you get retarded, crazy results. One way. Sometimes you get golden triangle Sez in Myanmar. The legal autonomy for some zones enables the worst in humanity. So the triads have their own special economic zone in Laos, on the border with me and mark and they have a casino, but it's known for human trafficking.Uh, 245 women were abducted and forced into prostitution recently freed by ocean authorities in this zone, you have wildlife smuggling, um, and there's actually YouTube videos. If you look up, uh, golden triangle, uh, special economic zone on YouTube, they, they, they, they, they map mass manufacture methamphetamines.Um, they, they have, they have like lions that they like make fight and cages with each other. And. Uh, they have like all sorts of animals that they take apart for traditional medicine. So you have the worst possible and humanity and the best possible. And it's, you know, you're kind of gambling as a country in this.There's not really much of a way to predict what the results were. These are wild. One last thing from, from me is can, uh, we saw you talking about a start-up society. Can you just tell us a brief example? We don't have to go too deep into it, but what a start-up society is and how they correlate to SEZs.Sure. So I started in 2015, a nonprofit think tank called the startups and studies foundation. I left in 2017. Um, a startup society is just. Anybody who's trying to create a society to Nova. So say the country of Catalonia before it becomes a country while it's still like an independence movement is a start-up society or a special economic zone could be another type of.Gotcha. Interesting. So I have a question for you. You say the us government, uh, contracts, you to create a crypto sandbox in the country. What would you pitch to them? Ooh, good question. Um, You know, w what I would do probably, and there's just sort of, the way I am is I would do a crap ton of research, and I would find a ton of people.Who've done a lot of research. Um, and I'd go about it by interviewing about two or 300. And I know I'm not just giving you an answer like plastics, but I go back, I try to interview two or 300 business people who do cryptocurrency, um, at all sides. It's very new people, people who are sort of on the very high end of companies, very well.And I get, you know, all of their top five regulatory pain points, uh, get all the interviews for the top five regulatory pain points for 200 people. And, uh, based off of that, I try to come up with like the three D I wouldn't try to do too much. I'd just try to fix the three biggest, most common pain points to all of the interviews.And really, I think that the, the best results for these kinds of things is. You know, really ask the people involved and not try to do it in the abstract, although I'm sure that if I was like a crypto lawyer, I could just say, you know, plastics or whatever. Very cool. And those location matter when it comes to Cristo.Yes. Yes it does. And I'd say that it matters for three reasons. One, you probably are actually going to be doing to take advantage of a lot of the incentives. You actually have to be physically. So you want to be in a nice location where there's not corruption. That's really beautiful. Um, I live in Switzerland, uh, actually live 20 minutes from Lichtenstein, which is one of the, the crypto capitals of the world and maybe 30 minutes to the other direction from zoo.Right. It's such a beautiful country that that's totally white. People are coming. Even if the regulations aren't say as good as the next reason why location matters is because the regulation can change. The voters of the country can just say overnight new election comes as a coup you know, um, okay.We're just getting rid of the special economic zones and by the way, Uh, we want you to either go to jail for 15 years, we're turning all of your keys and we're taking all of your crypto, you know, so that totally can happen. And in fact, I'm sure it will happen. I'm sure. At some point the government takes there's enough crypto rich people that are there for a conference we'll just like start arresting people and demanding keys on trumped up stuff.So number one, location actually matters. Number two is, uh, you don't want, you know, to have a corruption and number three has electricity. The average cost per kilowatt hour globally as 14 cents. Um, you can get half that in some places. So if you're especially doing mining, uh, that's very valuable. However, like those zones I mentioned in Iran, you know, it's, it's, it's, they, they in fact will subsidize your electricity in some cases.Interesting. So earlier this year we saw China banned Bitcoin mining. They've basically taken control over it and issued their own central bank, digital currency. Instead, are we seeing China do any experiments in their special economic zones with crypto? Okay. Want to know something LR. This is going to blow your minds again.Are you ready please? Do. I was in 500 special economic zones in China, right? Oh, how many Chinese special economic zones are there? Run by Chinese corporations outside of. Oh, I, I it's either going to be a really high number or I'm imagining a really high number is going to be a high number. But could you say that question one more time?How many companies are they're run by the Chinese government and Chinese state run companies, Chinese special economic sounds outside of China? Well, there's about 10,000 of them worldwide and 2,500 are in China already. So that leaves about 7,500. I have no clue, maybe 2000, if it's a high number. Well, you're, you're over it, but there's 500 Chinese SEZs outside of China.And so what qualifies it as a Chinese SCC? Like a special economic zone, that's run by any Chinese company. That definition is if the usually zones have an operator, which is kind of like the country that owns the land, builds the buildings, cleans the law and whatever, if that company is Chinese, we have a, by the way, we're about to publish the world's first map of every single special economic zone on earth and took us two years of work.Um, but, but one of the data we collected was to see where all the Chinese. And it's terrifying because in some of the most extreme cases, we found Chinese SEZs outside of us military basis. So the U S has all of these overseas bases and the like, like a bunch of idiots, the U S government is, you know, Hey, we're going to go in through military imperialism, spend $2 trillion and then leave Afghanistan 20 years later, the Chinese.No we're going to do, we're going to build a happy mall right next to the U S military base and invite TGI Fridays to the shopping mall. So all the off duty soldiers will spend money on us, government money in our shopping, bubbles find like Chinese shopping miles outside of any military base in Africa, you find that there's military basis.The only connection they have to the outside world are Chinese freeways and Chinese railroads. You know, I don't think it's actually that the trends are going to shut it off. I just think it's that they're like taking all the money from the U S government basically indirectly, um, in terms of, uh, cryptocurrency, um, you know, the Chinese are always up to, uh, they really want to promote, you know, Th th the digitization of the, of, of the Yuan and promoting sort of the digital one as the one world currency that's running administered by China.So, you know, I think you're going to just see that be implemented. Um, and all of the zones, I have kind of an interesting little anecdote of this, and I don't want to mention the zone cause they're good people. I don't want to embarrass them, but one of the largest special economic zones in Africa, our team is about to do it.And we emailed them and we're like, Hey, we heard your zone splint by the Chinese and villain. No, no Chinese people here, you know, it's all Chinese characters, it's all a, we chat, pay every single star, um, uh, you know, giant Chinese flag that says, uh, uh, sort of, you know, welcome home. And, um, you have zones with names like qualling special economic zone in Georgia, you know, the country of Georgia.Hm. So I'm guessing that these countries let China have these special economic zones just for the purpose of developing their own economies as well. Yes. And you know, to be fair, I think the reason why China has done so well with the SCCs is because it's actually pretty good for, you know, the, the, the locals peaceful.Yeah. There's there's problems there. Chicanery, there are corruptions, but many of the time it's. All the men in your town suddenly get jobs that pay twice as much working for the Chinese factory, where there's been no development in a war torn country for 20 years, you know, you're going to be very supportive of China, right?They're doing what sort of, uh, America wishes it did during the cold war, but a zillion times better. And I think they learned that from the U S. Very interesting. Do you, uh, do any, like personally, do you invest in cryptos? Do you follow any projects or are you into that space at all? No comment. No, I got it.Yeah. That makes sense. Are you interested in the, in NFL? Um, okay. I think NFTs are totally stupid. The reason why is because I think intellectual property is like an outdated sort of institution. We need to be moving towards, you know, open source, copyright free. So, uh, to the extent the NFTs are, are, are.For people claiming ownership of like digital assets. I think that's like really the wrong direction. Um, however, I imagine that there's a ton of other non-trivial applications out there, so I'm not hating on those, but I am hating on, uh, what is it? Crypto kitties or whatever has.It's interesting to see that these digital assets are the first type of NFT to really get put into the mainstream, though. We did see it's real a use NFTs in a pilot program for, I think it was land deeds and Carla. And so it's really cool to see governments like catching an eye for NFTs. And it's going to be really interesting to see where it goes, because like you said, TiVo, it's not just about these digital assets or verifying like digital IP.There's a million different use cases for them. And we're only scratching the surface right now. So you said land needs and Carla. Yes, that's pretty cool. That's pretty cool. That's that's like exactly what it should be used for, right? Yeah. Yeah. I imagine it is going to be your whole identity, like in the future where you're going to have, you know, your, um, your, it is going to be tokenized, whatever your social, everything.Maybe hidden, but you know what I mean? I think that's how you can verify everything and never get lost and all that other stuff, like you said, there's a ton of, um, different use cases for entities, not just profile pictures or images like you, you know? Cause I understand the, uh, kind of thing about. But at the same time, I feel like there is a need to, uh, essentially show off on the internet flex, if you will.Like, like people will buy Rolex's and fancy cars. And with so much time that people spend on internet these days, I think it only makes sense to have a way for people to show off on the internet. Like they do. Fancy cars or other things that might not really have the tangible value that they're worth. I mean, there, there are a lot of things like that in the physical, tangible world.And, and I think it to a degree makes sense. Although silly, I don't think that the government should like regulate it or anything, but I just wish that instead of showing you. You know, so in the, in the, in the middle ages, right. Which was like a time when everything was like a special economics, right.Rights, this age of totally crazy city states. Um, so my, my other hobby outside of STC is medieval history, but in the middle east, there really was this, this, um, this attitude of like, Hey, the rich people are going to show off by like building charts and Publix works and funding the arts and funding sciences.I, and I really hate seeing Lamborghini's and Rolex's when we could be crowdfunding Elon Musk to go build a colony on the moon, or we could be like, you know, funding, like fishing fleets to get rid of all of that plastic in the ocean. So I just wish it was channeled in that direction. Yeah, no, that totally makes sense.So I saw on your website, you like to do a lot of book reviews. Uh, could you tell us maybe how you got into that? What you've been reading lately and any recommendations you might have for us here on moon or bust? Sure. So for book reviews, um, this is my personal website, this isn't my, my company, uh, just for fun.I decided I dropped out of college about five years ago and I decided that instead of going to college, I was going to read a book a week nonfiction and review it. Huh? I've stuck to it on average the last few months, has it been that. But I, I, it, it averages out to like 1.2 books a week or something like that.Um, and I mostly read and medieval history. So I've been starting in chronological order and going to the present from about 500 BC trying to read like five to 10 books per century. Um, so I met about 1200, so I've got like decades left to reach the prison because it's, but anyways, um, in terms of history books, um, this goes into special economics.I recommend a book called lost enlightenment. And what this book is about is there was this last Islamic golden civilization, you know, in central Asia during the middle ages, which, uh, basically reached like late 16 hundreds level of technology and like 1800. And they totally get wiped out by the Mongols and the region like loses like a quarter of its population goes back.So you have this situation where there's a super technologically advanced society that pops up in a place that you haven't heard of, you know, a real loss civilization, they go back. So it also tells you that, you know, technology, it's not just an upward linear line, the, the, the Italians and the Renaissance staff to pick up the torch.And it declined and it sort of stays low for a long time. Uh, so lost enlightenment is, is a good one. Um, in terms of special economic zones, another good book is on China by Henriquez Henry. Who actually negotiated a lot of the opening up of China. And it's the history of like how China used special economic zones to reform its economy, to, you know, totally change it society.And it turns out that there's this like four foot, 10, five foot five. I don't know how tall he is, but this little, tiny little guy called dunk shell ping who, everybody who nobody's. Who saved the most human lives of like anybody in the 20th century by building special economic zones and bringing free market to China and like tripling the GDP per capita, you know?Um, so that's the next one. I really like lost enlightenment, uh, sorry. Lost enlightenment on central Asia, uh, on China by Henry kitchen. And I think that the third good one is seeing like a state by James Scott, which is just a book about how, when you look at things from the perspective of statistics and government planning, it just distorts your view on everything.So hope that's not too much. I really like, no, I got those written down TiVo. How do you find time to read? So, so many books, I just listened to audio books. So I'm like just always listening to audio books every minute I have. Very cool. Uh, oh, what's that? No, sorry, go ahead. Oh, no, no. I just wanted to mention in the time that we have left a few sort of interesting crypto things, if we had time in SEZs B might be kind of interesting.So one of them, that's, that's one trend that is quite interesting is remember how earlier I mentioned and my wife, by the way, wrote a paper about this for the world free zones organization. Um, so remember how I mentioned how a lot of STDs have lost business from work from. Typically to take advantage of the regulations in an sec, what you had to do was you had to be like physically based there, like physically doing business there.And in some cases you even have to pay for the cost of the gut of a government agent to come like inspect, to make sure that you're actually in the zone, not there on paper. Some zones have decided because of work from. To start letting companies take advantage to register as like a work from home company in the zone and start taking advantages of the legal system of the zone working from home.So you could be at a laptop anywhere in the world. And if you're the right special economic zones, be taking advantage of a legal system that really like benefits your need working for. And I think that that from a legal perspective, It's kind of a loophole and who knows if it will last, but if it does last, it's going to, I think totally changed the game for companies doing all of these things that are very regulatorily difficult from a crypto perspective.Awesome. Well, if you guys want to find, find out more about T-bones work, we have his website linked in the description below. You can go check that out. Uh Teebo. If you have any closing thoughts or shout outs, you want to give, tell the audience where to connect with you. The Florida. Yes. Well, I add 100% of the people who connect to me on LinkedIn and I eventually respond to 100% of my messages.So everybody add me. And, um, I'd love to help you with any SEZs are send any books or whatever. Um, so that's the best place to find me. Uh, the company is Adrian Oakville group, um, which you have linked, I imagine. And, uh, yeah, that's. Alrighty that has been this, uh, episode of moon or bust. We hope you enjoyed it.If you did, please leave us a like, and we can get more of this content for you in the future. Uh, for now we're signing off sticker on for pre market prep. It will be linked in the chat. Uh, but thanks for tuning in. We will see you next.Support this podcast at — https://redcircle.com/moon-or-bust/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Episode Summary:On today's Moon Or Bust:SushiSwap $3M hackSpecial Economic Zones & Crypto regulation interviewMoon or Bust - To Play Moon or Bust go to https://www.benzinga.com/markets/cryptocurrencyGuests:Thibault Serlet Co-Founder and Chief Researcher https://www.adrianoplegroup.com/people/thibault-serletResources:Subscribe to our Benzinga Crypto Youtube Channel Today's Cryptocurrency Prices by Market CapCheck Out Other Benzinga Podcasts Here:Check Out All Benzinga Crypto News HereGet Moon or Bust Crypto Merch Here Join the Telegram: https://t.me/moonorbustBZ for 25% of Moon or Bust Podcast swag.Claim 1000 ZING airdrop: https://www.benzinga.com/zing Meet The Hosts:Brian MoirSolidity and React Developer | Blockchain Enthusiast | Decentralized Internet Advocate | Crypto investor since 2012https://twitter.com/moirbrian Logan RossBlockchain Analyst @ Benzinga | President @ Wolverine Blockchain | Crypto investor and educator since 2016https://twitter.com/logannrossRyan McNamaraBought sub $90 ETH during the bear market | Liquidated on ByBit | Was into DeFi before it was cool | Ran ASIC mining operation in 2016 (sorry planet Earth) | $UNI Bag Holderhttps://twitter.com/ryan15mcnamaraDisclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Unedited TranscriptHello, zinger nation. Welcome back to moon or bust your home for all things. All coins and defy. This is flight 47 on the moon or bus rocket ship. If you can believe it. Uh, today's space flight will be hosted by me, Logan Ross, and co-hosted by Brian Moore, defy developer and Ryan McNamara, exit liquidity nation.How are you guys doing today? Fantastic. Hey, quite the name you came up with today, Logan just pull it right off the top. How was things in Logan's world? You Logan's world is going pretty well. Just keeping it calm, stay in busy, trying to, you know, just, just stay focused. Just do it. Provide the best moon or bust content in the world, uh, that I can possibly come up with coming up with all these crazy names off the top.So, uh, yeah, so let's, let's talk about a couple of safety procedures that we need to get out of the way before we can start the show. Uh, so first up I need anyone who is willing and able to please activate their. But in, into the on position, uh, I need everyone else to comment down below the crypto projects.You're looking at this week, drop tickers, whatever it might be, and maybe let us know why you're looking at them, what you're thinking about them. Uh, and if we get time at the end, we'll go through them all. Uh, after that, while you're down there, I want to point out a couple links in the description below.So first up is the Benzinga crypto YouTube channel. Uh, you do not want to miss out on this content. It's all the highlights from all of our crypto shows here at Benzinga. If you're new, make sure to subscribe to the main channel as well. Also, we have a telegram and merge. If you join the telegram, we'll give you a 25% off discount code so you can get a sick moon or bust a theory about.Designed by yours truly. Uh, and as always make sure to connect with us on Twitter and check out our helpful money site resources in the description as well. Uh, okay, so let's get right into the news. Ryan, you want to tell us about the sushi swap hack that happened? I think Brian could probably do a little bit better job as the defiant developer, but $3 million were stolen off of sushi.Swap from the Misa launch pad. Brian, do you want to go over this in detail a little bit more? Um, you let me pull it up and you go ahead and do a little run down and let you pull up. So this happened, was it yesterday, Logan, there was 865 Ethereum stolen off of me. So, which is a product on sushi swap for small tokens.It's essentially a launch pad where people can invest in a initial Dex offering. So similar to ICO, but it's called the IDEO. Um, so someone was able to inject malicious code into the software. So everybody trying to get these tokens or ended up just giving their ether to this guy's wallet. But luckily there are a lot of nice hackers in crypto.So this guy already gave back the funds and then some, so he's still. 864.8, Ethereum, which is about $3 million. And today he gave back 865 Ethereum. So maybe it's earning interest on it or something. A rumor has it that he got some miso soup delivered to his house. So maybe he was paying them back for the miso soup delivered to his house.I that's not confirmed, but that's what I saw on Twitter. So, I mean, if it's on Twitter, it's probably cool guy. I want him to hack me next. If he's going to get back the money, give back the money. It looks like this attack was, uh, called a supply chain attack. And I actually don't know too much, um, about how that kind of works.I was trying to look into it and get some details, but it's, it's a little bit more, um, involved or complicated than a. The, the flash loan attacks or, you know, that kind of exploit, it's not as straightforward or simple as, you know, you may rise in the price and then taking all out and excellent liquidity or taking everything out of a certain wallet or something.It's a, uh, a supply chain attack. And so it's, this is a new one to me. I think it's been around, but. Yeah, it's a little different. I have to look into that and report back on what a supply chain attack is. Next time I heard that it was a malicious code, injection attack. Um, and I mean, that one seems more, more common to me.That's probably the same thing. I mean, maybe it's just another name for. Uh, anyways, let's see. So how about that new, uh, sushi swap NFT. I'm Ryan. Yeah, that's really exciting. It's called show you NFT. And it's coming out this month on sushi swap. Lots of developers are working on this right now and it looks like it's going to be the first real big competitor to open.See, everybody uses open, see for NFTs right now. And like we've covered on the show. There's been a lot of problems with it. From servers from employees from a lot of different things on open. See it hasn't been a great experience for many users there. So this is going to be really interesting to see how this sushi swap.And if ti marketplace goes over there adding some really cool features to it. For example, you can place bids on NFTs and that either is usually locked up, say on open sea and you can't use it on sushi swap. You'll be able to earn yield on your. So this is going to be like particularly well for the people who have hundreds of NFTs and a lot of Ethereum.And, you know, they're going out and going on board apes and putting in 30, 40 eith bids and hoping that they get accepted now, instead of just having that be locked up on the platform, they can actually be earning interest on their Ethereum while these bids are placed on an FTS, which I think is really cool.There also, they're also fractionalizing NFTs. So you'll be able to get fractionalized NFTs on the platform, which is essentially buying a piece like a share of an NFT. We'll see if the sec comes after sushi for that. I know they're after unit swap right now and fractionalize NFTs are likely to be security.So there will probably be regulation coming four or five fractionalized NFTs. We haven't seen it yet. I mean, it's such a new space, but I really like what sushi swaps doing. They've been putting so many new products onto their website and I love where they're going. So what do you guys have to say about sushi?Swap about show you NFTs. What's your take, do you think they can think about sushi? Swap? I found my notes. Um, so the malicious code and the whole hack is somebody went into the get hub and change the wallet address to their own custom wallet address for the IDEO. And so they, uh, you know, everyone depositing funds just put it straight to this.Person's, you know, Ethereum wallet. Yeah. He was like, okay, well, now that I got that look how easy it is. He returned it, but that's really what happened. So there was malicious code put into the front end to change out the wallets and everything like that. So malicious though, wasn't malicious because he gave it back after a day.It might've been because they threatened to file with the FBI. But I think a lot of these people who do this in return, the funds are just trying to protect people from these bugs in the code. And they don't want to go to the government. I mean, so many people in crypto are libertarian. They want to deal with the government.Um, so I mean, this is just another way to do it. And honestly, it seems more effective because they keep the funds safe in their own wallet and they exploit something. It gains a lot of attention and then it gets fixed within a day or so instead of actually try and go to the government to get something done, which would take months or even years to do, it's kind of like hacktivist.Yeah, you have, there's quite a bit of that. And it's, I think it's a good thing because you don't have people just straight taking everything. Like you said, you have people trying to protect other people's funds, protect a project and make sure things are growing. And I like that. I mean, I don't want $50 million of mine stolen, but I don't have 50 million.Yeah. I mean, once you discover the bug, it's the classic prisoner's dilemma, whoever you report it to then has the opportunity to just take the money themselves. Right. So he has to lock it up and then hopefully he'll be a good guy. He or she will be a good guy and return the money. Um, okay. Let's see. So yesterday reportedly, uh, $1,000,000,001.2 billion of Eve disappeared from centralized exchanges, uh, glass nodes, reporting, some different things.Uh, but this one is from, I think it's called into the block. Uh, it was the people, it was the company that reported. Um, we S we haven't confirmed, uh, with glass snowed yet, but we're working on it. So if this is true, we'll just report it, uh, you know, tentatively for now, uh, and talk about what it could mean if it is true.So, Ryan, you want to take it away. So yeah, if this is true, $1 billion, $1.2 billion of each leaving exchanges should be pretty bullish for the asset. So if people are taking their Ethereum off exchanges, typically they aren't looking for liquidity. If you have your crypto on an exchange, You can easily sell it for FIA and then cash out of your investment.Whereas people transferring off of exchanges usually do so for enhanced security to hold over the longterm or use with the Phi project. So if you're using Ethereum with DFI projects, there'll be locking it into smart contracts. Maybe you're staking on eith too, with this much money, maybe you're using a different program to earn some passive income, but usually it's a really good scientist.Ethereum leave exchanges. That's essentially a theory that isn't going to be. At least on centralized exchanges until it's brought back onto these exchanges and sold for Fiat currency. So in my opinion, this is something that's really bullish. And we haven't seen this since. What is that like? No April was, this is a new record all the time, all time record.That's huge. But the last time you saw anything similar was back in April and you can see that was right before each shot up like 60% or even higher. It looks like it shot up from maybe $2,200 all the way to $4,000. So obviously we don't know if that's going to happen again, but we see when he leaves exchanges, especially in high volumes like this, a lot of times it's a good bullish signal for.Yep. And they pointed out the last time this happened, as you said, Ryan, if the price of Ethereum increased by 60% within 30 days. Uh, so, um, I got my fingers crossed that this is true. Could be good news. Oh, ready. Got anything else for us today on the agenda? I think we covered the news. Shall we hop right into the interview?Let's do it. Okay. So today we have with us a very special guest. His name is TiVo and he is a researcher and expert on special economic zones. So I'm going to bring him on to stream. Uh, Hey, TiVo. Welcome. Hello. Nice to meet you. Yeah. Nice to meet you too. How are you doing today? Excellent. Glad to hear it.Well, thank you so much for joining us. Uh, I'm not particularly an expert on special economic zones, so I'm excited to learn today. Um, so could you tell us a little bit about your background, uh, in various industries about special economic zones and then maybe eventually how you got into crypto? Sure, sure.So I'm the co-founder of a firm called the Adrian Oakville group where the only business intelligence firm that works with, um, exclusively and the Sez India. We primarily work with investors who want to put their money in the zone who want to invest in building a new zone and sort of do all of the background research necessary to guide them through that process in terms of crypto.Um, it's been more of a personal hobby of mine. I first got into crypto in 2013, uh, due to a conference. So I've been seeing sort of the, the, the different booms and busts over the years and all of that, the, the case. Um, but recently it's intersected with my professional career because it turns out that a lot of special economic zones are now trying to adopt regulatory frameworks to promote cryptocurrency, to legalize it in countries that are otherwise illegal.So it's this very fascinating trend on the regulatory. Okay. So for anyone out there who hasn't heard of special economic zones before, uh, could you just tell us what they are and what the purpose of them is? Sure. So especially economic zones are a part of a country that has its own rules and regulations separate from the rest of the country.Think like a native American reservation that is exempt from federal laws and can have a casino. If you're an American and legal cannabis. Well, sometimes governments that have a lot of very complicated rules for doing business. We'll do this with a business park or they'll do this sometimes with the whole city.Um, you've probably heard of them Hong Kong, wouldn't left Britain and rejoins China rejoined as a special economic zone with a lot of legal autonomy. Uh, Dubai is a city that has, I think 46, 47 SEZs it's just a city state of city states. Um, this is about 7,500 STDs in the world, 12,000 total, they're in 70 countries and they account for this huge percentage of the world economy, and nobody's ever heard of them, which is why they're so fascinating.Yeah, that is crazy. I had no clue that. I mean, it's, there's so many in Dubai. What would be the purpose of having so many in one small location? Sure. So in the case of Dubai, um, this is a common misconception. Dubai did not have any. So what happened is that you have this, you have this, this desert country in the middle of nowhere and all of their neighbors were politically unstable and had oil.So instead of selling oil, what they decided to do was to settle legal stability, and they outsourced the legal system to the best lawyers from the UK to the best lawyers from Singapore, they created these special economic zones for different entities. Uh, DMCC Dubai, uh, multi commodity center, uh, Dubai international financial center for different industries that had different legal systems.And because all of their neighbors were trying to pump the oil sort of during the gold rush, you know, the people who made the money, weren't the, the, the schmucks who are out there panning for gold. It was the people selling the pancakes and selling the shovels. So that's basically what Dubai did. Hmm.Fascinating. I don't know if you have an estimate, but what, uh, like what portion of the global economy or what effect, uh, of the total global economy desk Easy's play. Are you ready to be somewhat terrified? I'm ready. Okay. You're going down. Walmart. You're looking all of the plastic crap that they have.What percentage of it was made in a special economic. According to world bank figures. Uh, I'll let Ryan gets 10% about 50%. So if you're, if you're looking at the largest Sez is a special economic zone in Saudi Arabia, $1 trillion of money from the Saudi sovereign wealth fund, you know, invested in this thing.Um, the population of the special economic. You have cities with populations, 40, 50, 60 million people living in China, uh, millions of people in India, living in them. And many of the people who live in Denmark only at most vaguely aware. So what this means is that. When governments want to try some new legal sort of legal system.And I have some very interesting examples of this, uh, with something like cryptocurrency, which is highly controversial, the moment they start putting it in SEZs, it's almost like they're testing something to implement on a more widespread national level. So it was very interesting applications. So what have we seen with crypto?And Sez so far. So in 20 12, 1 of the first jurisdictions to start regulating cryptocurrencies was the Cayman enterprise city and became an islands. Now came in Ireland, already sort of top rated jurisdictions. Maybe a tax Haven has its own issues, but it's sort of like the top rated jurisdiction within the top rated jurisdiction already.Right. And they decided to start regulating crypto code. And instead of actually reducing regulation on crypto, they actually increased it. But because they did this before anyone else, it meant that all of the investors who had regulatory concerns started investing there. So, um, a lot of these, the like the browser brave and a whole bunch of these, these, these, I think coin from, uh, are all based and came in.Um, other interesting examples. It turns out that a lot of these special economic zones. Have electrical generation. So during downtime, when you know, nobody's using electricity at 3:00 AM, right? So, and if you're have a coal plant, all of that electricity is just wasted. So in the past, what they've done is literal mining, where they actually will smell to metals with the excess electricity and like literally have the metal refineries and smelter.Is there any Iran, a country or cryptocurrency is legal. We had this guy on my podcast. Um, Iran has legalized Bitcoin and its special economic zones has hold a mining. Operations is actually working with all sorts of investors and what's even crazier. They're going to start legalizing it for retail investors for companies registered on the, on the Kish island, uh, just a few weeks ago.So we're going to see a lot more of that. That's cool. So it seems like SEZs are almost like a pilot program before it goes out to the entire country. Yes. Yes. So when, when China reformed from, from socialism to capitalism in the 1980s, um, they had just had this mass famine from rapidly changing everything to communism.Where about 50 million people died of famine in China due to economic mismanagement in the fifties, for a sense of scale, the entire death toll of all of world war II, including the whole. Is 80 million. So 50 million people starving China, 80 million people die in all of world war II. Right? So worst disaster in human history, maybe second, worst after world war II.So they really did not want to just like adopt capitalism on the national level when the switch to socialism was so disruptive. So they tested it in these special economic zones. And, uh, within the first year, 60% of all foreign investors. Coming to China was coming through the SEZs. Wow. So SES, these have been around for a long time, then it's not like they're a new phenomenon non, when did they start coming about?So I've actually been doing a lot of research to this. Um, if, if that's sort of an interesting rabbit hole, but, uh, the Roman empire to give you a sense of scale, one of their enemies was the city state of roads. Um, roads is like, you know, sort of the island that's right next to Turkey. Roads had all of this massive navies and the Romans had to attack by sea, but they're Navy.These were crap. Worst of all that the fighting Carthage at this point, this is 1 66 BC. They'd been fighting Carthage at to this point for 30 years. So their manpower was totally exhausted and roads were there could have been an alternate timeline where roads unseated, Rome, and wiped out the Roman empire before it had a chance to be born.But Rhodes had one critical. It's entire government budget, which is funded by a 2% tariff on all goods going through their parts. So the Rogan's created a special economic zone with a 0% tariff, right next to roads. And in five years roads with so bankrupt that they voluntarily begged to join the Roman empire.Wow. That's a cool story. So, uh, moving back to crypto TiVo, have you consulted for any cryptocurrency projects? Um, no. Okay. So what's the typical role? Like, do you see blockchain playing a role in these STCs for the, for the companies that you do consult for? Yeah. So, um, one of the companies that we consult for, have you heard of Kronos?It sounds familiar, but I'm not familiar with the audience anyway. So most is a VC fund. The anchor investor is Peter TLF PayPal. Okay. My wife works there and you should talk to Patri Friedman. I could give you an intro. He's the guy who runs the fund is actually investing. Uh, and they have a whole bunch of famous LPs, but I don't want to get in trouble, but less well-known well-known figures.I, I think Balaji is public. So I'll, I'll say him, but what they're doing is they're actually going out and they're actually investing in sort of like the really futuristic projects that are going through. Make the cryptocurrency regulation happens. So it's sort of the invisible underpinning and you have some servers, you know, you have a registered company in the zone, you have the servers in that zone.And as long as you're not dealing with us investors, you have to deal with sec. Um, you can bring in investors from anywhere in the world and there'll be a, there'll be exempt. So they're looking at projects and in Honduras, uh, Nigeria, they've already invested in, uh, looking at other projects in Africa.Yeah, don't want to get in trouble, but a very interesting stuff. So cool. And then I saw that one of your services is information assurance where you help companies verify and secure data. What are your thoughts on the intersection between information assurance and crypto and blockchain technology? So I can't really comment too much about that, but it's actually not information assurance or I guess that's part of it.That's really the big use for blockchain, right? But it's for online company registries. Um, because if you, if you just have like some random dude who just starts like a blockchain registry, right? You, you, you, you release the software online and get a bunch of users. It's not actually tied to any legal system.So it doesn't the U S government doesn't recognize this in contract law. But if you're tied to say the government. I don't know, let's, let's just make up a country, say Nigeria or something like that. And you're all Cayman islands. Right. And you're tied indirectly because the SEZs are. Can act as a metaphorical user interface between you and the government.So you actually registering your company with the zone and the zone itself is on the blockchain. That actually creates a situation where you can implement these technologies legally in a way that normally kind of bypasses having to like change legislation, to have blockchain company registration recognized by the U S government.So very interesting ways you can hack and bypass the legal system. Hm. So turning back to regulation for a second, uh, how should the U S and I, and other sovereign countries, and maybe how, how will Sez is playing this as well? How should they handle crypto regulation? Um, I can't really speak to that simply because I'm not a, an expert on crypto regulation, but my, my own perspective is that, and this is just sort of a personal opinion, not a professional.Is that the government should create sort of sandbox environments where people can, Hey, you signed this document, you know, maybe I'm going to lose everything and you, you, you acknowledge and you just try whatever. And maybe it turns out to be stupid, but I really think that's sort of the, the approach that, um, is going to generate the most innovation.Interesting. It's like we saw that Bitcoin beach in El Salvador. Like a little test city. Uh, yeah, that makes sense. I don't know anything about it yet, but, uh, interesting project. So TiVo, you guys also provide cyber security audits to your companies who are in SEZs. Why is this particularly necessary for companies that are in special economic zones?Um, you know, it's just sort of a standard package of it services. Uh, one of our co-founders Herzon on Flores just used to be doing cybersecurity. He did cybersecurity for Virginia police. So it's just like, Hey, let's just toss that in as sort of a service we offer, but really, you know, our, the, the bulk of our services right.Is mostly due diligence. It's mostly, Hey, I want to invest in X, Y, Z zone. Um, and working with investors on that front to get into the zone. I have some interesting sort of actually examples that are quite relevant right now. Um, right now, one of the big things that's, that's, that's, that's that's going on is Belarus.The Belarus industrial park, right. Has announced this complete cryptocurrency sandbox, but you know, people, I'm sure your, your listeners, or at least a good percentage of them will know that there are massive. Uh, protests against the Bella Russian government, right? There are massive situations where the government was almost basically overthrown because it was so corrupt by the people and massive, you know, horrible police, crackdowns, horrible treatment of protestors.Right. So we're kind of like the guys you'd hire before you go to Belarus to figure it out. Hey, if you go here or if you go to some other country, um, you're going to get in trouble and all sorts of weird.so my, my next question for you TiVo is about the types of blockchain implementation that you've seen in SEZs. Is it mostly like say payment processing where you can send payments like cross borders for very cheap, or is it more adoption of private blockchains within a company? We're an investment or is it more like blockchain platforms, like a theory or Solano where you can interact with programs on a blockchain?Um, so it's, it's, it's kind of disappointing. You don't really see that many. So w if you're talking about the well established special economic zones that are already in existence, you don't actually see that many real day-to-day applications of blockchain yet. However, to the extent that it is arriving, Uh, it's much more on the payment processing side.Um, it's less that the blockchains themselves are using the, the, the, the, sorry, the special economic zones themselves are using blockchain technology and cryptocurrency. What it is is that it's more that the, uh, the, the, the, the people. Are setting up these companies in order to operate in a given region are relocating to the zones and the zones are basically bending over backwards, going really, you know, all out, uh, in order to sort of help make that happen.Hmm. Interesting, interesting example. Right. So in may of this year, two of Dubai's most longstanding special economic centers. These SEZs have been around for, you know, 40. Uh, DMCC and the IFC Dubai international financial center. Um, these zones typically stayed away from crypto. These zones very much, uh, headquarters of site, Blackstone, Warburg, Pincus type old school wall street, private equity firms, middle Eastern headquarters for these companies.And typically the zones that have done crypto, you know, the zones that have gone for. I have been kind of like the zones in Iran or the zones in Belarus. And they've been kind of the SEZs in weird place as of the last six months, the big trend that you're seeing with kind of this, this, you know, third, big bubble in the last like six years sort of coming to an end is that the zones have realized, Hey, crypto may crash and rise or whatever, but it's going to be here to stay.And if they're not sort of on the bandwidth, Uh, they're going to get left behind. So they're adopting regulatory frameworks, which on paper look like they're imposing all of these sanctions on crypto, but by actually creating this environment, um, are actually able to sort of reassure investors that these are going to be stable places to invest in.So have you seen that special economic zones that have made regulation for cryptocurrency? Have an influx of investors come to them over the past year with blockchain exploding and crypto going up. So. Yes, not only do they have an N so Cayman enterprise city has, I think it's either 200 or 250 spots.All 200 and 250 are full with a huge waiting list for any office space. Um, I spoke to a guy who ran a random textile park company in El Salvador. He rans El Salvador's biggest textile, special economic zones. You know, all they do is like make t-shirts and white rubber gloves too, and good, useful stuff.And he wakes up one day reads the news. Huh? Cool. El Salvador's, you know, adopting. It doesn't think much of it opens his inbox and has, you know, 900 emails from random people, cold emailing him to relocate to his own. And he's like, what in the world is going on? You know? And you're hearing the most crazy stuff as soon as one of these zones even announced its crypto.Um, it, th th th they get bombarded, but the problem is that these zones have no ability to identify, say, Ponzi schemes from, you know, legitimate projects. So it's, it's, they're also terrified. Uh, a lot of the ones are, are full of Ponzi scheme. It's a total, it's a total mess right now. So it sounds like countries and their citizens have a lot to gain from introducing these crypto special economic zones attracting lots of innovation.Uh, but they do have to, you know, start small work their way up, learn the valuable lessons about the Ponzis and the real projects. Um, that's cool. What would you say the most important role that crypto or blockchain plays in these special economic zone? So in one, one really interesting trend is that a lot of these zones there's like every possible imaginable industry has a zone and the level of specificity, the level of granularity think of zones.It's like a tailored legal system to target a very granular, specific industry. Right. And I'll give you an idea. I was talking to a guy who does nonwoven fabrics, things like wool or rubber gloves, plastic, blue tarp, all of that's non-woven fabrics. And I'm like, so tell me more about the textiles industry.And he got really pissed off and he's like, I'm not textiles and non-woven fabric totally different industry. And like, that's sort of the level of meekness. Right. And a lot of these zones. We're office parks, a lot of these special economic zones where like, like, you know, rows of computers, cubicles, whatever, uh, in the Philippines, all over the world.And the workers are just never coming back to the offices. It's not a two-week lockdown. It's not a six month lockdown. They're all working from home. None of them want to go back to the Cuba. Um, and now all of these zones have this infrastructure for office space, which could be adopted for crypto, could become, you know, startup incubators, and they're suddenly left scratching their heads.So I kinda think that the, these governments are slow moving. Um, I'd say that they're trying to use cryptocurrency and blockchain as sort of a replacement in half the cases. It's a replacement for anchor tenants who disappeared. And then the other half of cases, they're kind of late to the bandwagon and they're desperately trying to find their way to get in.So it's, it's generally one of two things and occasionally you have some really forward-thinking, you know, jurisdiction. You have three or four. That I actually are, but yeah, that, that, that actually sort of our foreign thing, but usually it's fear and a fear of missing out. Yeah. I can see that. Well, how big are special economic zones?W w what's the range or how can you tell where it's located? All right. So I have two sort of extreme stories. Um, there, the us has something called foreign trade zones. There's about 250 300. All they are. Is that good? The enter and exit the foreign trade zone legally haven't entered the U S so the idea is that you're building a car, you import the tires from, you know, Germany or whatever you put them onto the car and they don't have to pay the tariffs.So the us has like the most basic lowest level of Sez. They barely even count. I, I read online that in San Jose, California, when I was visiting there, then the special economic zone. So I messaged the guy and I'm like, Hey, can I visit the zone? And he's like, oh, sure. And the first bad sinus, he says, nobody's visited me in years.So he takes me to this, you know, 40 story building. Right. And I go into this building and I go up this elevator and there's this dusty little office that is, um, you know, three meters by two meters like this, like dusty, tiny one extreme. And that was the foreign trade zone. That, that, that was. Um, uh, so on the, on the largest and, um, you, you have in El Salvador the same within a few months of, of, of, uh, El Salvador announcing that they were going to Bitcoin.China announced the zone several hundred square kilometers. That's going to encompass 20% of El Salvador's coastline. So. So, if you look at these zones into the in desert countries like Saudi Arabia, or even the UAE or Oman, right. You have zones that are hundreds of square kilometers. So it's really the whole gamut in terms of population.Once again, dusty closet, uh, Chinese Ken's in population. How do you delegate, uh, especially getting an exam, like H how do you just say, like, Hey, this is the zone, this is what we're doing. So there's two ways that special economic zones, uh, come about. Um, the first is sort of, application-based think a government official with a Sharpie drawing on a map from now on this area over here will be the special economic zone.That's kind of like the China model. You know, it's the pointing at the map, the tapping, we will have economic development. Um, the other model is application-based. So that's like Columbia, where if you own say two or three square kilometers of land and meet this long checklist of requirements, you file an application and you get, um, you get special economic zone status on their land.So sometimes they're started by the government. Sometimes just started by business. Uh, we got stats that our company. One third are, are purely government. One third are purely private and one third public private partnerships. So it's almost exactly evenly divided. Um, but the extent of the private designation is pretty incredible because you have the city of Google, uh, Gurgaon and India, and they switched the names about 10 years ago.And the entire zone has private water system, private police, private fire department, private electricity, primary management, nothing is done by the government at all. And you have zones that are taking this even further in Honduras. You can even apply to have entirely privatized legal systems for all civil law.So anything that's not criminal law that's in these Honduras is Adams. That's going to be special economic. It goes to a fully privatized legal system within the zone. And it's scaring a lot of people and you know, whether or not it works out, I think is still up for debate, but they go pretty far sometimes by the way, constellation 1 million.So, wow. That's incredible. And that's super interesting. I'm really surprised. I haven't heard of that. And I'm sure that's a super interesting case study to research about, uh, have you done some research on this? Like how is it really playing out? Because I haven't heard. Okay. How how's what playing outside privatization in, in these SEZs that are doing this.Um, as far as I can tell, it's a roll of the dice. Most of the time, you're going to get a two to five and not much will happen either way. Sometimes you get a six and you get the city of Shenzen, you know, which goes from a fishing village of 60,000 to a mega city of 60 million. And like 40 years and accounts for 60% of China's investment than 70% of their things.You know, you get retarded, crazy results. One way. Sometimes you get golden triangle Sez in Myanmar. The legal autonomy for some zones enables the worst in humanity. So the triads have their own special economic zone in Laos, on the border with me and mark and they have a casino, but it's known for human trafficking.Uh, 245 women were abducted and forced into prostitution recently freed by ocean authorities in this zone, you have wildlife smuggling, um, and there's actually YouTube videos. If you look up, uh, golden triangle, uh, special economic zone on YouTube, they, they, they, they, they map mass manufacture methamphetamines.Um, they, they have, they have like lions that they like make fight and cages with each other. And. Uh, they have like all sorts of animals that they take apart for traditional medicine. So you have the worst possible and humanity and the best possible. And it's, you know, you're kind of gambling as a country in this.There's not really much of a way to predict what the results were. These are wild. One last thing from, from me is can, uh, we saw you talking about a start-up society. Can you just tell us a brief example? We don't have to go too deep into it, but what a start-up society is and how they correlate to SEZs.Sure. So I started in 2015, a nonprofit think tank called the startups and studies foundation. I left in 2017. Um, a startup society is just. Anybody who's trying to create a society to Nova. So say the country of Catalonia before it becomes a country while it's still like an independence movement is a start-up society or a special economic zone could be another type of.Gotcha. Interesting. So I have a question for you. You say the us government, uh, contracts, you to create a crypto sandbox in the country. What would you pitch to them? Ooh, good question. Um, You know, w what I would do probably, and there's just sort of, the way I am is I would do a crap ton of research, and I would find a ton of people.Who've done a lot of research. Um, and I'd go about it by interviewing about two or 300. And I know I'm not just giving you an answer like plastics, but I go back, I try to interview two or 300 business people who do cryptocurrency, um, at all sides. It's very new people, people who are sort of on the very high end of companies, very well.And I get, you know, all of their top five regulatory pain points, uh, get all the interviews for the top five regulatory pain points for 200 people. And, uh, based off of that, I try to come up with like the three D I wouldn't try to do too much. I'd just try to fix the three biggest, most common pain points to all of the interviews.And really, I think that the, the best results for these kinds of things is. You know, really ask the people involved and not try to do it in the abstract, although I'm sure that if I was like a crypto lawyer, I could just say, you know, plastics or whatever. Very cool. And those location matter when it comes to Cristo.Yes. Yes it does. And I'd say that it matters for three reasons. One, you probably are actually going to be doing to take advantage of a lot of the incentives. You actually have to be physically. So you want to be in a nice location where there's not corruption. That's really beautiful. Um, I live in Switzerland, uh, actually live 20 minutes from Lichtenstein, which is one of the, the crypto capitals of the world and maybe 30 minutes to the other direction from zoo.Right. It's such a beautiful country that that's totally white. People are coming. Even if the regulations aren't say as good as the next reason why location matters is because the regulation can change. The voters of the country can just say overnight new election comes as a coup you know, um, okay.We're just getting rid of the special economic zones and by the way, Uh, we want you to either go to jail for 15 years, we're turning all of your keys and we're taking all of your crypto, you know, so that totally can happen. And in fact, I'm sure it will happen. I'm sure. At some point the government takes there's enough crypto rich people that are there for a conference we'll just like start arresting people and demanding keys on trumped up stuff.So number one, location actually matters. Number two is, uh, you don't want, you know, to have a corruption and number three has electricity. The average cost per kilowatt hour globally as 14 cents. Um, you can get half that in some places. So if you're especially doing mining, uh, that's very valuable. However, like those zones I mentioned in Iran, you know, it's, it's, it's, they, they in fact will subsidize your electricity in some cases.Interesting. So earlier this year we saw China banned Bitcoin mining. They've basically taken control over it and issued their own central bank, digital currency. Instead, are we seeing China do any experiments in their special economic zones with crypto? Okay. Want to know something LR. This is going to blow your minds again.Are you ready please? Do. I was in 500 special economic zones in China, right? Oh, how many Chinese special economic zones are there? Run by Chinese corporations outside of. Oh, I, I it's either going to be a really high number or I'm imagining a really high number is going to be a high number. But could you say that question one more time?How many companies are they're run by the Chinese government and Chinese state run companies, Chinese special economic sounds outside of China? Well, there's about 10,000 of them worldwide and 2,500 are in China already. So that leaves about 7,500. I have no clue, maybe 2000, if it's a high number. Well, you're, you're over it, but there's 500 Chinese SEZs outside of China.And so what qualifies it as a Chinese SCC? Like a special economic zone, that's run by any Chinese company. That definition is if the usually zones have an operator, which is kind of like the country that owns the land, builds the buildings, cleans the law and whatever, if that company is Chinese, we have a, by the way, we're about to publish the world's first map of every single special economic zone on earth and took us two years of work.Um, but, but one of the data we collected was to see where all the Chinese. And it's terrifying because in some of the most extreme cases, we found Chinese SEZs outside of us military basis. So the U S has all of these overseas bases and the like, like a bunch of idiots, the U S government is, you know, Hey, we're going to go in through military imperialism, spend $2 trillion and then leave Afghanistan 20 years later, the Chinese.No we're going to do, we're going to build a happy mall right next to the U S military base and invite TGI Fridays to the shopping mall. So all the off duty soldiers will spend money on us, government money in our shopping, bubbles find like Chinese shopping miles outside of any military base in Africa, you find that there's military basis.The only connection they have to the outside world are Chinese freeways and Chinese railroads. You know, I don't think it's actually that the trends are going to shut it off. I just think it's that they're like taking all the money from the U S government basically indirectly, um, in terms of, uh, cryptocurrency, um, you know, the Chinese are always up to, uh, they really want to promote, you know, Th th the digitization of the, of, of the Yuan and promoting sort of the digital one as the one world currency that's running administered by China.So, you know, I think you're going to just see that be implemented. Um, and all of the zones, I have kind of an interesting little anecdote of this, and I don't want to mention the zone cause they're good people. I don't want to embarrass them, but one of the largest special economic zones in Africa, our team is about to do it.And we emailed them and we're like, Hey, we heard your zone splint by the Chinese and villain. No, no Chinese people here, you know, it's all Chinese characters, it's all a, we chat, pay every single star, um, uh, you know, giant Chinese flag that says, uh, uh, sort of, you know, welcome home. And, um, you have zones with names like qualling special economic zone in Georgia, you know, the country of Georgia.Hm. So I'm guessing that these countries let China have these special economic zones just for the purpose of developing their own economies as well. Yes. And you know, to be fair, I think the reason why China has done so well with the SCCs is because it's actually pretty good for, you know, the, the, the locals peaceful.Yeah. There's there's problems there. Chicanery, there are corruptions, but many of the time it's. All the men in your town suddenly get jobs that pay twice as much working for the Chinese factory, where there's been no development in a war torn country for 20 years, you know, you're going to be very supportive of China, right?They're doing what sort of, uh, America wishes it did during the cold war, but a zillion times better. And I think they learned that from the U S. Very interesting. Do you, uh, do any, like personally, do you invest in cryptos? Do you follow any projects or are you into that space at all? No comment. No, I got it.Yeah. That makes sense. Are you interested in the, in NFL? Um, okay. I think NFTs are totally stupid. The reason why is because I think intellectual property is like an outdated sort of institution. We need to be moving towards, you know, open source, copyright free. So, uh, to the extent the NFTs are, are, are.For people claiming ownership of like digital assets. I think that's like really the wrong direction. Um, however, I imagine that there's a ton of other non-trivial applications out there, so I'm not hating on those, but I am hating on, uh, what is it? Crypto kitties or whatever has.It's interesting to see that these digital assets are the first type of NFT to really get put into the mainstream, though. We did see it's real a use NFTs in a pilot program for, I think it was land deeds and Carla. And so it's really cool to see governments like catching an eye for NFTs. And it's going to be really interesting to see where it goes, because like you said, TiVo, it's not just about these digital assets or verifying like digital IP.There's a million different use cases for them. And we're only scratching the surface right now. So you said land needs and Carla. Yes, that's pretty cool. That's pretty cool. That's that's like exactly what it should be used for, right? Yeah. Yeah. I imagine it is going to be your whole identity, like in the future where you're going to have, you know, your, um, your, it is going to be tokenized, whatever your social, everything.Maybe hidden, but you know what I mean? I think that's how you can verify everything and never get lost and all that other stuff, like you said, there's a ton of, um, different use cases for entities, not just profile pictures or images like you, you know? Cause I understand the, uh, kind of thing about. But at the same time, I feel like there is a need to, uh, essentially show off on the internet flex, if you will.Like, like people will buy Rolex's and fancy cars. And with so much time that people spend on internet these days, I think it only makes sense to have a way for people to show off on the internet. Like they do. Fancy cars or other things that might not really have the tangible value that they're worth. I mean, there, there are a lot of things like that in the physical, tangible world.And, and I think it to a degree makes sense. Although silly, I don't think that the government should like regulate it or anything, but I just wish that instead of showing you. You know, so in the, in the, in the middle ages, right. Which was like a time when everything was like a special economics, right.Rights, this age of totally crazy city states. Um, so my, my other hobby outside of STC is medieval history, but in the middle east, there really was this, this, um, this attitude of like, Hey, the rich people are going to show off by like building charts and Publix works and funding the arts and funding sciences.I, and I really hate seeing Lamborghini's and Rolex's when we could be crowdfunding Elon Musk to go build a colony on the moon, or we could be like, you know, funding, like fishing fleets to get rid of all of that plastic in the ocean. So I just wish it was channeled in that direction. Yeah, no, that totally makes sense.So I saw on your website, you like to do a lot of book reviews. Uh, could you tell us maybe how you got into that? What you've been reading lately and any recommendations you might have for us here on moon or bust? Sure. So for book reviews, um, this is my personal website, this isn't my, my company, uh, just for fun.I decided I dropped out of college about five years ago and I decided that instead of going to college, I was going to read a book a week nonfiction and review it. Huh? I've stuck to it on average the last few months, has it been that. But I, I, it, it averages out to like 1.2 books a week or something like that.Um, and I mostly read and medieval history. So I've been starting in chronological order and going to the present from about 500 BC trying to read like five to 10 books per century. Um, so I met about 1200, so I've got like decades left to reach the prison because it's, but anyways, um, in terms of history books, um, this goes into special economics.I recommend a book called lost enlightenment. And what this book is about is there was this last Islamic golden civilization, you know, in central Asia during the middle ages, which, uh, basically reached like late 16 hundreds level of technology and like 1800. And they totally get wiped out by the Mongols and the region like loses like a quarter of its population goes back.So you have this situation where there's a super technologically advanced society that pops up in a place that you haven't heard of, you know, a real loss civilization, they go back. So it also tells you that, you know, technology, it's not just an upward linear line, the, the, the Italians and the Renaissance staff to pick up the torch.And it declined and it sort of stays low for a long time. Uh, so lost enlightenment is, is a good one. Um, in terms of special economic zones, another good book is on China by Henriquez Henry. Who actually negotiated a lot of the opening up of China. And it's the history of like how China used special economic zones to reform its economy, to, you know, totally change it society.And it turns out that there's this like four foot, 10, five foot five. I don't know how tall he is, but this little, tiny little guy called dunk shell ping who, everybody who nobody's. Who saved the most human lives of like anybody in the 20th century by building special economic zones and bringing free market to China and like tripling the GDP per capita, you know?Um, so that's the next one. I really like lost enlightenment, uh, sorry. Lost enlightenment on central Asia, uh, on China by Henry kitchen. And I think that the third good one is seeing like a state by James Scott, which is just a book about how, when you look at things from the perspective of statistics and government planning, it just distorts your view on everything.So hope that's not too much. I really like, no, I got those written down TiVo. How do you find time to read? So, so many books, I just listened to audio books. So I'm like just always listening to audio books every minute I have. Very cool. Uh, oh, what's that? No, sorry, go ahead. Oh, no, no. I just wanted to mention in the time that we have left a few sort of interesting crypto things, if we had time in SEZs B might be kind of interesting.So one of them, that's, that's one trend that is quite interesting is remember how earlier I mentioned and my wife, by the way, wrote a paper about this for the world free zones organization. Um, so remember how I mentioned how a lot of STDs have lost business from work from. Typically to take advantage of the regulations in an sec, what you had to do was you had to be like physically based there, like physically doing business there.And in some cases you even have to pay for the cost of the gut of a government agent to come like inspect, to make sure that you're actually in the zone, not there on paper. Some zones have decided because of work from. To start letting companies take advantage to register as like a work from home company in the zone and start taking advantages of the legal system of the zone working from home.So you could be at a laptop anywhere in the world. And if you're the right special economic zones, be taking advantage of a legal system that really like benefits your need working for. And I think that that from a legal perspective, It's kind of a loophole and who knows if it will last, but if it does last, it's going to, I think totally changed the game for companies doing all of these things that are very regulatorily difficult from a crypto perspective.Awesome. Well, if you guys want to find, find out more about T-bones work, we have his website linked in the description below. You can go check that out. Uh Teebo. If you have any closing thoughts or shout outs, you want to give, tell the audience where to connect with you. The Florida. Yes. Well, I add 100% of the people who connect to me on LinkedIn and I eventually respond to 100% of my messages.So everybody add me. And, um, I'd love to help you with any SEZs are send any books or whatever. Um, so that's the best place to find me. Uh, the company is Adrian Oakville group, um, which you have linked, I imagine. And, uh, yeah, that's. Alrighty that has been this, uh, episode of moon or bust. We hope you enjoyed it.If you did, please leave us a like, and we can get more of this content for you in the future. Uh, for now we're signing off sticker on for pre market prep. It will be linked in the chat. Uh, but thanks for tuning in. We will see you next.Support this podcast at — https://redcircle.com/moon-or-bust/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
We hear from Zhann Jochinke, COO of Property Monitor. Plus, DMCC has had a record first half in terms of new business registration, we get through the numbers with Feryal Ahmadi, CEO of DMCC. And, Surina Kelly tells us the latest about the fire reported in Jebel Ali Port night of 7th July. See omnystudio.com/listener for privacy information.
Now you can. Surina Kelly from the ARN News Centre explains how you can do that in the UAE. Plus, we talk 100% foreign ownership of companies. We speak to the CEO of Dubai online giant Dubizzle about what the company does next. And, La Liga have moved their MENA headquarters to DMCC's Business District but why. See omnystudio.com/listener for privacy information.
We asked CNN journalist Richard Quest, who also told us about his new Dubai documentary and his own experience with coronavirus. Plus, we speak to the boss of the free zone DMCC that added more than 2,000 companies last year. In this candid interview, Ahmed bin Sulayem also spoke about UAE - Israel relations. See omnystudio.com/listener for privacy information.
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Rising protectionism and technology are changing the shape of trade. To capitalise on emerging dynamics, unprecedented global cooperation is needed - with the UAE a critical hub. Co-hosts Kelsey Warner and Mustafa Alrawi are joined this week by Feryal Ahmadi, chief operating officer of Dubai’s trade free zone at the Dubai Multi Commodities Centre. Ms Ahmadi maps out the scenarios for how trade will develop in the 2020s based on DMCC’s research and interviews with experts across eight key trade hubs including Dubai, Houston, Shenzhen, Silicon Valley and Zurich. DMCC, which oversees the trading of commodities from pulses to diamonds, has 17,500 member companies in its free zone. In this episode: DMCC and the future of trade (0m 40s) UAE's opportunities in international trade (3m 41s) Recommendations for businesses and governments (9m 38s) Read more on our website: • DMCC extends support package to help businesses deal with economic impact of Covid-19 (https://www.thenationalnews.com/business/economy/dmcc-extends-support-package-to-help-businesses-deal-with-economic-impact-of-covid-19-1.1080468) • DMCC slashes set-up costs by 50% for diamond companies (https://www.thenationalnews.com/business/dmcc-slashes-set-up-costs-by-50-for-diamond-companies-1.1057560) • UAE has rolled out Dh388bn in economic support since pandemic began (https://www.thenationalnews.com/business/economy/uae-has-rolled-out-dh388bn-in-economic-support-since-pandemic-began-1.1127365) • Sail of the century: Sweden to build world’s largest wind-powered ship (https://www.thenationalnews.com/world/europe/sail-of-the-century-sweden-to-build-world-s-largest-wind-powered-ship-1.1118463) • EU seeks to forge improved relations with US under President Joe Biden (https://www.thenationalnews.com/world/europe/eu-seeks-to-forge-improved-relations-with-us-under-president-joe-biden-1.1117080)
Новости на радио «Русские Эмираты» в Дубае: - Начиная с 1 января 2021 года, в Абу-Даби будет активизирована автоматическая система слежения за соблюдением правил дорожного движения. - В условиях пандемии для россиян открылись новые возможности по регистрации и развитию бизнеса в Дубае. В частности, теперь граждане России смогут открыть компанию в Дубае без необходимости физического присутствия на территории Объединенных Арабских Эмиратов, рассказал Бассель Битар, региональный представитель свободной экономической зоны «Дубайская многопрофильная товарно-сырьевая биржа» в Азии и Восточной Европе на вебинаре «Россия – в фокусе. Бизнес в Дубае и за его пределами».
Entrevista con el Dr. Gustavo Herón Pérez Daniel, Jefe de la División Multidisciplinaria de la UACJ en Ciudad Cuauhtémoc
Surina Kelly from the ARN News Centre explains the rules. Plus, our exclusive interview with the new ‘wunderkid’ of global aviation. See omnystudio.com/listener for privacy information.
Link to bioRxiv paper: http://biorxiv.org/cgi/content/short/2020.09.18.304402v1?rss=1 Authors: Braver, T. S., Kizhner, A., Tang, R., Freund, M. C., Etzel, J. A. Abstract: The Dual Mechanisms of Cognitive Control (DMCC) project provides an ambitious and rigorous empirical test of a theoretical framework that posits two key cognitive control modes: proactive and reactive. The framework central tenets are that proactive and reactive control reflect domain-general dimensions of individual variation, with distinctive neural signatures, involving lateral prefrontal cortex (PFC) in interactions with other brain networks and circuits (e.g., frontoparietal, cingulo-opercular). In the DMCC project, each participant is scanned while performing theoretically-targeted variants of multiple well-established cognitive control tasks (Stroop, Cued Task-Switching, AX-CPT, Sternberg Working Memory) in three separate imaging sessions, that each encourage utilization of different control modes, plus also completes an extensive out-of-scanner individual differences battery. Additional key features of the project include a high spatio-temporal resolution (multiband) acquisition protocol, and a sample that includes a substantial subset of monozygotic twin pairs and participants recruited from the Human Connectome Project. Although data collection is still continuing (target N=200), we provide an overview of the study design and protocol, planned analytic approaches and methodological development, along with initial results (N=80) revealing novel evidence of a domain-general neural signature of reactive control. In the interests of scientific community building, the dataset will be made public at project completion, so it can serve as a valuable resource. Copy rights belong to original authors. Visit the link for more info
使用 C 大調的其他和弦來裝飾 C 和弦，讓同一和弦拉長也不無聊！
On today's episode of The Aid Station we head to Milan, Italy, to talk to Enrico Fili, CEO, RCS Sports & Events DMCC. Usually based in Dubai where he heads up RCS operations for the region he had just flown home to spend time with his parents when I spoke to him. Hear about the massive challenges that he faced when the UAE Tour became one of the first sports events to be cancelled on 27 February as a result of COVID-19 with two stages to go. “With athletes and race staff quarantined in hotels we were working non-stop for days. I would turn on my phone and get 600 WhatsApp messages”. “One of the most inspiring things was the collaboration and the way everyone worked together. Especially that there was never any finger pointing or blame towards the infected bike mechanics”. Enrico's most important piece of advice to anyone in the event industry “make sure that you have contact tracing in place”. Watch my insightful chat with Enrico hear https://youtu.be/mHATXOEqUNk
Oral Arguments for the Court of Appeals for the Ninth Circuit
Color Switch LLC v. Fortafy Games DMCC
The Deadmen are OFFICIALLY back! Back for the first time, Anthony and Tyler discuss the roots of DMCC and the direction we will be going. Brew your coffee strong, we're back like we never left, but with more life lessons. #DMCC #TheDeadmansCoffeeClub
Together, let’s “do fundraising better” even in tough times!This special episode features Patrick finding solutions for nonprofits dealing with the COVID-19 virus. The Official Do Good Better Podcast is here to help!Today (host, fundraising expert, speaker, event creator and author) Patrick Kirby is joined by Jill McDonald, Executive Director of the Domestic Violence Crisis Center in Minot, North Dakota. “How will the COVID-19 crisis affect our grant status?” “Is it okay to be asking for money right now?” Together, they evaluate the current fundraising environment to find REAL solutions for women and for nonprofits--solutions that will help you, too!Learn More: courage4change.orgCall The DMCC: 701-852-2258 (Office) 701-857-2200 (24/7 Live Help Line) Donate to the DMCC: https://courage4change.org/how-to-help/donate.html#COVID19 #coronavirus #minot #covid19fundraising #domesticviolence #domesticabuse Love the show? Then you’ll love Patrick’s book! Fundraise Awesomer! A Practical Guide to Staying Sane While Doing Good Available through Amazon Here: https://www.amazon.com/dp/1072070359Email Patrick: Patrick@dogoodbetterconsulting.com Follow On Facebook: https://www.facebook.com/DoGoodBetterPodcast/Follow On Twitter: @consulting_do Follow On LinkedIn: https://www.linkedin.com/in/fundraisingdad/#fundraising #fundraiser #charity #nonprofit #donate #dogood #dogoodBETTER #fargo #fundraisingdadDonorDock.com: The #1 Nonprofit CRM Tool. Use the referral code “Do Good Better” to get your first month free!Small Town Labs: Is your hometown struggling? Solid economic growth advice at a small town price is here: https://leefromfargo.com/small-town-labs/
— Singapore introduces new AML regulation — DMCC announce plans for tax-free “crypto-valley” in Dubai — TradeStation introduces support for Bakkt and CME Bitcoin options — GK8 launches a bounty program worth up to $250,000 in Bitcoin — Binance donates $1.5m to help Coronavirus victims — Bitcoin spikes by 4% to reach $9000
On today’s episode of Misfit Digital, we discuss the progression of video marketing since its inception, how it has impacted marketing for large outlets like Business Insider. Matt shares his rise from humble beginnings as a copywriter and details his growth in video production. Matt’s new product, the Digital Marketing Content Conservatory is also discussed in-depth. Matt provides insight into the benefits and stresses of organic marketing with large audiences and his three principles of virality. Matt has worked for some of publishing's biggest companies and driven billions and billions of video views and page views to mammoth Manhattan digital publishers. He runs a successful online learning business with his partner, Jamie, where they teach marketers and entrepreneurs how to build viral content marketing strategies. Prior to that he was a top editor and founding video producer at Business Insider, built and ran the video program at New York Magazine, and then built and ran three new lifestyle channels at NowThis, the #1 news video publisher on Facebook. Matt also now runs a successful digital marketing agency, Guide Social. Matt can learn more about Matt's online teaching at www.onlinecontentconsultants.com 3:00 - How did Matt get his start in marketing and video? Which outlet(s) gave Matt his initial ‘break’? 4:00 - What was it like being one of the ‘founders’ of video within a more traditional setting, like BI? What tools did Matt use in the transition from content to video? What types of videos did he start out making? 9:00 - What are some of the main things Matt does to help brands build their influence organically? Why are large audiences overrated? 11:00 - Why is paid traffic frowned upon in journalism and business? What level of reach can small ad spend garner? What does Matt recommend to his clients? 13:00 - Matt explains his storytelling process. How does Matt make optimized videos? What are some common trends in marketing? How is marketing changing? 14:00 - What does Matt teach his students and patrons? What is the value of top-funnel marketing efforts? How does storytelling impact Matt’s process? 16:00 - How does emotional intelligence affect interaction via the internet? What types of stories should advertisers and marketers be telling? 19:00 - What is Matt’s new program? Who is the Digital Marketing Content Conservatory (DMCC) for? How common is a lack of understanding of the role of content in business? 22:00 - Why is it called the Digital Marketing Content Conservatory? How much do students of the DMCC have to work through? How does being pulled into an active and critical environment change students’ progression in the DMCC? 36:00 - What trends does Matt expect in content marketing? How are the basics potentially being overwritten by advertising? Where do the fundamentals come into play?
How's it going folks! Welcome back to another episode of the Deadman's Coffee Club. This week the Deadmen explore what it means to, “face big dragons”, the various ways we can face the dragons in our lives, and some of the dragons that might come up in the process of dying daily. Look for more updates for all things #DMCC on our Instagram @TheDeadmansCoffeeClub ! Thank you for listening! Brew your coffee strong and die daily!
Good afternoon folks. The Deadmen are back! This week, we dive into a bit of gratitude, revisit ideas about death, and steps we're taking to make DMCC better! Brew your coffee strong, this episode is FULL of great conversation! #TheDeadmansCoffeeClub #DMCC
JLT is known in Dubai for its residential community, many small businesses, restaurant choices and amenities, but it's freezone, Dubai Multi Commodities Centre, or DMCC, is the largest in the world. It's Chairman, Ahmed Bin Sulayem, explains how that had been achieved, what is being done to maintain the status, and what the future holds. --- Send in a voice message: https://anchor.fm/dubai-works/message
JLT is known in Dubai for its residential community, many small businesses, restaurant choices and amenities, but it's freezone, Dubai Multi Commodities Centre, or DMCC, is the largest in the world. It's Chairman, Ahmed Bin Sulayem, explains how that had been achieved, what is being done to maintain the status, and what the future holds. --- Send in a voice message: https://anchor.fm/dubai-works/message
Good morning folks! The Deadmen are back, and this week we talk about pancakes and coffee. In reality we dig deep into men making ourselves vulnerable, to speak our heart, to listen, to sit in the quiet, to make ourselves vulnerable as part of becoming strong. This is the direction we'd like to take DMCC, if you'd like to join the conversation, please reach out @TheDeadMansCoffeeClub or #TheDeadMansCoffeeClub and #DMCC Thanks for listening! Ps an arbitrary date was thrown out for when we'll have DMCC coffee mugs, stay tuned!!!
Good morning folks! If you've made it this far, thank you and welcome back to the Deadman's Coffee Club. After a couple month hiatus, lots of life changes and several great conversations that will float around the universe unrecorded, we're back! This time around, Anthony and Tyler will be recording the weekly conversations they have chopping it up about life over coffee. Whether you're a new or returning listener, be sure to check out the show @thedeadmanscoffeeclub and #thedeadmanscoffeeclub, thank you for listening and of course, welcome back! #TheDeadMansCoffeeClub #DMCC @TheDeadMansCoffeeClub
Good morning folks, and welcome back to The Deadman's Coffee Club. Episode 1 of season two shares updates from our hosts, the first two books in #DeadMansCoffeeClubBookClub and the beginning of a conversation to pushes beyond "become a better human" into "build a better world". Whether the topic be religion, the outdoors, education, music and beyond; season two is going to invite more voices to share their perspectives and build a conversation that pushes the edges of what our society has designed our world to be. We will ask questions, and have difficult conversations, we will be vulnerable and invite you to be open as well. As always, DMCC welcomes feedback and serves as invitation into a conversation and community that seeks death daily. If you're one of our old listeners, or new to the show, welcome to the Deadman's Coffee Club, thank you for listening. #TheDeadMansCoffeeClub
In conversation with, Gautam Sashittal, CEO of DMCC, about the launch of second major report identifies key factors affecting future of global trade. We examine how global trade will change over the next decade and how digital will drive the global economy into the next phase of growth. To receive a complimentary copy of the report please visit [www.futureoftrade.ae](http://futureoftrade.ae) or Twitter [@DMCCAuthority](https://twitter.com/DMCCAuthority) #futureoftrade
Ahmed Bin Sulayem is the Executive Chairman of Dubai Multi Commodities Centre (DMCC), a government entity established to enhance commodity trade flows through Dubai and the largest and fastest growing free zone in the UAE. He spoke with The Prospect Group about the DMCC, the expansion of Jumeirah Lakes Towers (JLT), and what makes Dubai competitive as a global commodities hub.
Hello everyone and welcome to this week's Flagship Friday (Saturday? Who knows at this point) where we go over the most important crypto news of the past week! This week we're talking about smART contracts (not a hard pun to figure out), Justin Sun being sort of a doofus, Dubai going full on tax haven mode on crypto, and much much more. Tune in now!Rapid FireTaxact is charging more for your service if you click "I traded crypto" and it doesn't add any steps. Don't use themIf you make under 66k the IRS lets you file for free.Blockchain.com Has Created A Crypto Gateway for the Turkish Lira (Decrypt)Now they can convert lire to bitcoin, eth or tether without using a third party payment processor.Cool Website Talking About If It's Alt SeasonA season is three months, so we looked at the performance of all Top 50 Coins over the last 90 days. The more Altcoins are up against BTC, the higher the Altcoin Season Index. If 75% of all Altcoins are up against Bitcoin over the last 3 months, it's Altcoin Season!And to spoil it for the listeners, no, no it is not alt season yet. The heat index is currently at a 51.Hey Telegram, you're crypto is worth less than donuts (CoinTelegraph)In the memo, the SEC included a few barbs against the instant messenger service. It called out Telegram for doing “a two-step around the registration provisions” and performing “sleight of hand” by fabricating the difference between a purchaser’s investment in Grams and their delivery of the Grams, which would allow them to withhold info normally in regulatory statements. Pavel Durov’s creation, the document contends, gave a “strawman” argument about “existence” since “Grams will never be tangible.” The SEC put the frosting on when it wrote:“Telegram’s attempt to avoid this economic truth by labelling Grams ‘commodities’ also fails. Grams are not commodities. Unlike gold, comic books, and Krispy Kreme donuts — commodities Telegram compares to Grams — Grams have no intrinsic value.”Art project uses Ethereum to validate their art piecesAs Thomas Crown Art’s tech expert and business analyst Ian Mcleod, explained, each piece of artwork is embedded with blockchain technology. “All our works of art are logged on the Ethereum’s blockchain with a unique ‘smART’ contract,” he said. “This means that all the artwork is authenticated, and all providence issues are solved. This is a major step forward in the art world where forgery is a growing and expensive problem.”Justin FREAKING Sun. SMH.https://twitter.com/justinsuntron/status/1221537900568829953?s=20https://twitter.com/justinsuntron/status/1222307981041135616?s=20Bitcoin Jesus (aka Roger Ver) Caves as Fight Over Fourth-Biggest Coin Heats Up (Bloomberg)On Jan. 22, a group of key Bitcoin Cash supporters proposed changing the cryptocurrency’s computer code to temporarily direct 12.5% of all newly issued coins to fund technology development -- an idea that irked many purists who prefer the typical decentralized governance of most cryptocurrencies.The proposal had a high chance of passing, though, as companies advocating for the change controlled a third of computing power used to support the network of the Bitcoin offshoot in the past week, according to data tracker Coin Dance.“will not go through with supporting any plan unless there is more agreement in the ecosystem.” The mining operation said it will work to come up with an alternative plan “which preserves the fundamental economics of Bitcoin Cash.”Bitcoin Cash still likely has to do something to prop up its developer ecosystem. The average number of developers working each month on Bitcoin Cash-related projects declined 32% in the first half of 2019 from the previous six months, according to Electric Capital. The project lost the most developers of all other top cryptocurrencies.Guy on reddit goes through one of those discord scams to see how it works.This one is called razebitBasically on discord they say you won some btc.Then he goes to the site, signs up with throwaway. Says it looks fairly legit. He can see that he has BTC in his account.Tries to withdraw it, and there's an error that says he needs to deposit .02 BTC before his account is verified.Just an advanced verdion of the nigerian prince scam.BULLISH OR BULLSHIT"Literally No One Is Trading BAKKT Options" (CoinDesk)Trading volume on the Intercontinental Exchange's BAKKT platform have completely dried up. Not a single Bitcoin options contract was traded last week and the last one was January 17th. It launched the first regulated bitcoin options contract on Dec 9th and while it saw over $1mill worth of bitcoin options in it's first four weeks.Solid numbers initially but when compared to the Chicago Mercantile Exchange, it's pretty weak. Their first day of bitcoin options was $2.3millBAKKT Futures had a record 6,600 contracts of trading volume on Dec 18th, CME had a daily average of 6400 in 2019.So I ask, do you think Bitcoin options is ever going to be a thing?Crypto Around the WorldDubai Set To Launch It's Own Tax-free 'Crypto Valley' (Decrypt)The Dubai Multi Commodities Center (DMCC) is set to establish it's own Crypto Valley in the United Arab Emirates.Announced last week at Davos, the DMCC has teamed up with a Switzerland based CV VC, to build out the sector devoted to blockchain and cryptocurrency innovation within the UAE. Coworking faciilities, mentorships, education, all focused on the crypto space.It will be situated in one of Dubai's free zones—meaning there are no personal, corporate, or withholding taxes. Businesses get to keep 100% of what they earn!ExitPlease join the conversation in the Discord. We're in there all the time.Rate us on iTunes.Follow CryptoBasicBrent on Reddit.We are not Financial advisers.
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