Day: March 30, 2023

Projecting ‘Orange Pill’ on banks as EU drives crypto regulation

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“The signal goes on, and he shows up. That’s the way it’s been. That’s the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon. Bitcoiners in Germany employed a similar tactic this week, emblazoning the preeminent cryptocurrency’s logo with a message to ‘study Bitcoin’ on the side of the European Central Bank building in Frankfurt. The images were shared widely across social media, with notable Bitcoin (BTC)…

YES Network Announces MLB Streaming for Non-Cable Subscribers

New York-based YES Network recently introduced a streaming option for non-cable viewers to access live Yankees games.  YES Network has launched a streaming service that allows non-cable subscribers to view live New York Yankees games. The YES Network streaming service will cost $24.99 every month or $239.99 annually. However, the service also has a promotional offer of $19.99 per month, or $199.99 annually, for subscriptions before April 30th. This promotional run expires at the end of the year. Subscribers will get immediate access, just in time for the Major League Baseball (MLB)…

Government requests for user data from Big Tech increased by 25%: Report

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How Big Tech companies treat user data has been controversial for some time. Meta, Apple, Google and Microsoft are often accused of collecting and selling the personal data of their users. Though, where exactly this data goes, and how much of it is given over to companies and governments, is unclear. However, a new study from Surfshark reveals requests for personal user data from global governments are on the rise. The study focused on the period from 2013 to 2021, with 2020 seeing the largest year-over-year increase of 38%, followed by a…

While Biden and Trump Blame Each Other for Bank Failures, Others Believe the Cause Might Be a Management Issue – Economics Bitcoin News

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The recent banking failures involving the fall of Silicon Valley Bank (SVB), Signature Bank, and Silvergate Bank, have high-profile government individuals trying to find a culprit. U.S. President Joe Biden and former President Donald Trump have publicly blamed each other’s policies for the outcome, but according to some analysts, the problem might be ignorance in the banking system. Biden and Trump Scuffle on Bank Failures’ Causes The recent banking crisis that the U.S. is currently facing after the fall of three medium-size banks (Silicon Valley Bank, Signature Bank, and Silvergate…

Recent Warner Music Layoff Likely Not to Affect Web3 and AI Employees

According to reports, the Warner Music layoff will not impact initiatives central to the company’s future, including Web3 and AI.  Despite firing 270 employees on Wednesday, Warner Music Group’s layoff will likely spare staff in the company’s Web3 and AI-focused endeavors. The record label considers these emerging tech initiatives central to its future and intends to keep them around much longer. In a company memo detailing the layoff, Warner Music told staff that it was reallocating resources to Web3 and AI projects. Warner Music has steadfastly pursued partnerships and pilot…

Revolut not happy with how fintech deals with audit red flags: Report

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Crypto-friendly fintech Revolut is reportedly having some issues related to its recently released annual report for the year ending December 2021. Revolut, a British-Lithuanian neobank that allows customers to buy and sell crypto, reported its first-ever full year of profit on March 1, 2023. The firm said it generated a revenue of 636 million British pounds ($769 million) in 2021, which was a significant surge from 220 million pounds ($266 million) in 2020. The financial report was reviewed by independent auditors from the global accounting network BDO, which confirmed that…

Andy Warhol Artworks to Launch on New Blockchain-based Platform

Each of four Warhol’s prints will be accessible as shares in the form of security tokens. Tokenized versions of some of the artworks of Andy Warhol are set to launch on a new fine platform known as Freeport. This follows after the blockchain-based art-focused platform recently bagged approval from the US Securities and Exchange Commission (SEC).  Freeport was recently looking to complete its Reg A review and its efforts finally paid off on Wednesday. This simply implies that Freeport is now licensed to sell shares of fine artworks in the…

SEC Chairman Gary Gensler Says US Has Securities Laws that Cover Crypto

Despite the lack of clarity in the rules, the SEC chairman has reiterated that any attempt to create new laws will unsettle the status quo. Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) has revealed in his latest hearing with the House Appropriations Committee that the country has a law that is well suited for the crypto industry. As reported by The Block, Gensler said the current Securities law also applies to crypto entities and that there is no need for additional legislation. “If Congress…

Axie Infinity creator works with studios to push Web3 adoption through new games

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Sky Mavis, the company behind the popular blockchain game Axie Infinity, revealed that four gaming studios would be building and launching games on top of the Ronin Network, sparking the creation of its own native gaming ecosystem.  In an announcement sent to Cointelegraph, Sky Mavis highlighted that they have partnered with four gaming studios: Directive Games, Tribes, Bali Games and Bowled.io. In addition, the team also announced the Ronin blockchain’s shift into a delegated proof-of-stake (DPoS) consensus mechanism. Trung Nguyen, the co-founder and CEO of Sky Mavis, explained: “With the…