Additionally, Palm and Tolokonnikova will continue to empower artists through an upcoming feminist art contest set to take place in April during the NFT.NYC conference. PalmDAO is calling on activists and artists to submit their work to the competition. From there, Tolokonnikova will select five finalists to be showcased during the event, where one winner will earn $1,000 and a special display of their work. Source
Although the Web3 ecosystem is rapidly evolving, the industry still faces many challenges, one of which is its lack of diversity. The underrepresentation of women in the field remains a significant concern, as their involvement is indispensable in addressing some of the critical challenges in the sector. Web3, the next generation of the internet, is an exciting new space creating opportunities for entrepreneurs across various industries. While the field is still somewhat male-dominated, several influential women entrepreneurs are significantly impacting the Web3 space. — Cointelegraph (@Cointelegraph) March 8, 2023 In…
Top US-based crypto exchange Coinbase is teaming up with a privacy-focused crypto firm to launch a new decentralized exchange (DEX) platform. In a new press release, decentralized finance (DeFi) firm Violet says it plans to launch Mauve, a DEX built with features of both DeFi and traditional finance (TradFi). The company will be collaborating with several prominent investors, such as Coinbase Ventures, venture capital firm FinTech Collective, and $20 billion hedge fund Brevan Howard. According to Violet co-founder Markus Maier, the creation of Mauve was sparked by last year’s high-profile…
There were numerous signs of the crypto bank’s problems, but nobody seemed to notice. Angelo Calvello says you shouldn’t use traditional investment metrics to assess a non-traditional company. Source
Blockchain.com Asset Management, or BCAM, was started in April 2022 in an effort to attract institutional investors. Shortly after, the crypto industry hit a rough patch, with asset prices falling rapidly following the bankruptcy of crypto lender Celsius Network, and continuing with the fall of multiple other prominent crypto firms. Source link
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last 150 years. Gerli warns that every time it occurs, a depression takes place with double-digit unemployment rates. The Contraction of Money Supply and its Impact on the Economy Several market analysts and economists are uncertain…
CoinDesk, citing a press release from Astra Protocol, reported on March 7 that Republic purchased the tokens. A Republic spokesperson subsequently said the firm had viewed and objected to the details in the draft press release, which was sent out regardless, and said the release contained an unauthorized quote from Republic crypto head Andrew Durgee, which Durgee didn’t draft. Source
“While crypto assets are hyped as decentralized, there has been an emergence of new, quite centralized intermediaries that are either not subject to or not compliant with appropriate regulation and supervision, which has perpetuated harm to consumers,” said Barr, who once worked as an adviser for Ripple, the issuer of the XRP token. “Our overall stance is that, at this stage of the development, banks should take a careful and cautious approach to engaging in crypto asset-related activities and the crypto sector.” Source CryptoFederalReserveSettingSpecialistsSquad CryptoX Portal
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Statements from Republican lawmakers ahead of the inaugural hearing of the United States House of Representatives subcommittee focused on digital assets, financial technology and inclusion suggest partisan divides on crypto regulation. In a March 6 memo, House Financial Services Committee Republicans said the first hearing of the Subcommittee on Digital Assets, Financial Technology, and Inclusion would focus on the Biden administration’s “attack on the digital asset ecosystem”. The hearing is scheduled to take place on March 9 as one of the first since Representative Patrick McHenry became committee chair at…