Month: March 2023

Baron Davis Launches SLiC, a Web3 Platform for Athlete Creators and Fans

One of the first verticals Davis will launch is SLiC Images, which aims to be a decentralized platform, file storage product and licensing system for photographers – pros and amateurs alike. “If a picture says 1,000 words, we want to capture history now because in blockchain and Web3 those words can live for 1,000 years,” says Davis, who opens up about the goals of SLiC, how he sees athletes using social tokens and utility tokens in the future, and why even in the bear market, despite all the negative press,…

More 186 US banks well-positioned for collapse, SVB analysis reveals

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The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank (SVB). Comparing SVB’s situation with other players revealed that nearly 190 banks operating in the United States are at potential risk of a run. While SVB’s collapse came as a reminder of the fragility of the traditional financial system, a recent analysis by economists showed that a large number of banks are just uninsured deposit withdrawals away from a devastating collapse. It read: “Even if only half…

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Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners – Regulation Bitcoin News

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The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in Ongoing Regulatory Efforts The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib) has asked Finance Minister Anton Siluanov to explain a proposal made by his department to introduce penalties for cryptocurrency miners violating the…

Polygon Partners With Salesforce for NFT-Based Loyalty Program

In recent years, blockchain technologies have increasingly been used to boostengagement with customers and offer loyalty rewards. BlockFi and Gemini, for example, announced they would offer credit cards offering bitcoin rewards. In 2022, Mastercard supported Upstart, a NFT-based loyalty program, through its startup engagement program. Source LoyaltyNFTbasedPartnersPolygonProgramSalesforce CryptoX Portal

US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System – Regulation Bitcoin News

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The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.” India’s Central Bank Governor on Crypto Risks and U.S. Banking Crisis The governor of India’s central bank, the Reserve Bank of India (RBI), cautioned about the risks cryptocurrencies pose to the financial system while commenting on the U.S. banking turmoil at the…

Cameron Winklevoss says FED action is green light to buy BTC

Gemini’s co-founder, Cameron Winklevoss, has given his thoughts on the Federal Reserve’s plan to lend $300 billion to financial institutions. Winklevoss asserts that the Fed just added $300 billion reasons for adopting cryptocurrencies like bitcoin. The response from Winklevoss came after it was reported that financially struggling banks had borrowed $300 billion from the Fed’s emergency reserves. The central bank made the whole report available to the general public. FED loans out $143 billion More than half of the total amount, or $143 billion, was given to holding companies for…

Microsoft reportedly testing Edge browser web3 wallet integration

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Microsoft is reportedly working on integrating a crypto and nonfungible token (NFT) friendly Web3 wallet into its Edge web browser. In a March 17 Twitter thread, software documenter — and occasional info leaker — Albacore shared a series of supposed Edge user interface (UI) screenshots showing the early stages of the firm’s new Web3 wallet. “Newest in the gauntlet of questionable upcoming Microsoft Edge features, a crypto wallet not really sure how to feel about this kind of thing being baked into the default browser,” Albacore pessimistically noted. Newest in…

Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business – Metaverse Bitcoin News

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The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain hub in the region. Dubai Free Trade Zone Inks Web3 and Metaverse Partnership With South Korean Entities Dubai is working to solidify its image as a worldwide decentralized tech hub. The Dubai Multi Commodities Centre, one of the biggest free…