Month: March 2023

Developed markets lagging behind in digital payments: BlackRock CEO

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The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company.  The letter was published on March 15 and addressed various topics of interest to the firm over the last year, including digital assets. Fink highlighted the rising and sustained interest in these types of assets despite the FTX catastrophe. He said beyond the hype, “interesting developments” are happening in the space. He especially noted the “dramatic advances” in the digital…

European Parliament votes to form final law on EU digital wallet

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European lawmakers are moving forward with the introduction of a European Union-wide digital wallet by passing a plenary vote on moving the initiative to interinstitutional negotiations. The European Parliament on March 15 voted in favor of negotiating a mandate for talks with the EU member states on the revision of the new European Digital Identity (eID) framework, according to an official announcement. The plenary vote resulted in 418 votes in favor and 103 votes against the initiative, with 24 parliament members abstaining from the vote. Following the plenary’s endorsement, the…

Baidu Shares Fall 6% as CEO Unveils AI Chatbot to Rival OpenAI’s ChatGPT 

Baidu recently saw its shares take a massive hit following a pre-recorded unveiling demo of ChatGPT rival Ernie bot.  The shares of Chinese multinational tech company Baidu plunged to an 8-week low after the company unveiled a ChatGPT rival. On Thursday, Baidu provided a sneak peek into the functionality of its Chinese-language bot but also forewarned of its imperfections. However, during a live-streamed release event, CEO Robin Li described how the Chinese-language ChatGPT would improve through user feedback. Speaking on how the Baidu chatbot, dubbed Ernie bot, fares so far with regards…

Exploring the possibilities of Web3 with super apps

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Some of the biggest players in Web2 are striving to create so-called “super apps,” eying the incredible potential growth that tapping into every kind of internet service would enable.  The concept of a super app is that a single company or provider offers access to every kind of service imaginable: payments, messages, gaming, shopping, savings, transportation, eating and more, all bundled into a single application. With such a comprehensive offering, super apps can grow to serve millions, perhaps even billions of users, serving as a veritable gold mine for the…

two roads to Web3 adoption

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Launchpads and launch pools are both great options for blockchain startups that want to hold a public token offering and secure decentralized funding. As a project founder, it’s important to understand the difference between launchpads and launch pools so that you can take advantage of both scenarios. Launchpads vs. launch pools There are many similarities between launchpads and launch pools. Just like launchpads, launch pools carefully select up-and-coming projects that have a strong team and a promising growth trajectory. Most launchpads and launch pools thoroughly vet potential launches and also…

AllianceBlock, ABO Digital to Offer Tokenized Structured Products

ABO Digital – the digital-asset investment arm of ABO Group, which provides private financing for publicly traded companies – will help negotiate and structure the financial instruments based on a project’s capital and liquidity goals. AllianceBlock will tokenize the assets and turn them into compliant “actively managed certificates,” which is a type of structured product that lets an investor track and benefit from an underlying asset without having direct ownership. Source

FTX Paid SBF and Others $3.2 Billion 

FTX made the transfers to SBF and others via the former CEO’s trading firm Alameda Research.  According to the new management of bankrupted crypto exchange FTX, $2.2 billion was transferred to SBF via various entities. In a press release, the company revealed that more than $3.2 billion was sent to Sam Bankman-Fried and other major employees according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed on March 15. FTX Transfers Over $3B to SBF and Other Key Employees Following SBF, who is the largest beneficiary,…

The metaverse strikes back

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Even the harshest critics cannot deny the exponential growth opportunity for metaverse tokens. Not only are they not completely governed by the same forces behind popular cryptocurrencies, but as time progresses, it’s increasingly difficult to write off the metaverse as a mere ‘fad’ as investors begin to understand where the industry can genuinely lead. With the metaverse tokens and this recent price action, there is more than meets the eye.  Reflecting this sentiment, metaverse tokens have had a flying start to 2023. In January, Decentraland (MANA) rose by a gleaming…

The metaverse strikes back – CryptoX

Even the harshest critics cannot deny the exponential growth opportunity for metaverse tokens. Not only are they not completely governed by the same forces behind popular cryptocurrencies, but as time progresses, it’s increasingly difficult to write off the metaverse as a mere ‘fad’ as investors begin to understand where the industry can genuinely lead. With the metaverse tokens and this recent price action, there is more than meets the eye.  Reflecting this sentiment, metaverse tokens have had a flying start to 2023. In January, Decentraland (MANA) rose by a gleaming…