Month: April 2023

Comedy club NFT debacle teaches lesson in transparency

In Venezuela, humor plays an important role, either as a form of protest or a way to make sense of reality.  In November 2021, humor and nonfungible tokens (NFTs) were combined with the launch of the Comedy Monsters Club (CMC) project. The project was led by Roberto Cardoso, better known by his former stage name “Bobby Comedia,” and co-founded with brothers José David Roa and David Roa. The project was advertised as the only comedy club to use NFT collectibles as membership. However, the hype would quickly turn to confusion…

Ex-Epic Games Exec Will Become CTO og Bored Apes Yacht Club (BAYC) Creator Yuga Labs

“Mike has a proven track record of taking organizations to the next level, and he shares our vision for how important digital identity and community will be for the future of the internet. We have an opportunity to be the Web3 platform at the forefront of entertainment, and Mike’s expertise will help us scale to achieve that,” said Yuga Labs CEO Daniel Alegre in the press release. Source

Google Cloud Joins Hands with Polygon Labs to Boost Web3 Adoption

As part of the partnership, Google will bring the Blockchain Node Engine, which is Google’s fully managed node hosting service, to the Polygon ecosystem. In a recent development, Google Cloud announced its partnership with Polygon Labs and will thus make it easier for developers to build, launch, as well as grow their Web3 products and other decentralized applications on the Layer-2 scalability platform of Ethereum. This strategic alliance will help in boosting the transaction throughput which will unlock several use cases in the sectors of supply chain, gaming, and decentralized…

Bitcoin (BTC) Ending Week on Positive Note

Despite some volatility in price, bitcoin has risen 7% in the past seven days, trading in a range of between $27,000 and $30,000. The world’s largest cryptocurrency by market value rose 1.2% over the last 24 hours to $29,307. Some analysts say instability in traditional banks has helped bitcoin, which is seen as an alternative to traditional finance. One troubled bank is San Francisco-based First Republic Bank (FRC), whose shares dropped 50% on Tuesday after it revealed its deposits fell by $100 billion in the first quarter. That comes as…

Findora Launches dApp Transaction Privacy-Focused Triple Masking SDK

Innovative Layer-1 blockchain Findora has introduced a Triple Masking SDK privacy-preserving solution for Web3.  Findora has launched a Web3-focused Triple Masking SDK for developers to easily integrate zero-knowledge (ZK) proofs into their decentralized applications (dApps). According to the programmable privacy-enabled public blockchain, the Findora Triple Masking ZK SDK also enhances user transactions. For instance, users can now transact privately while remaining auditable and have multiple options regarding masked or transparent information. Describing the development as a Web3 universal privacy-preserving solution, Findora added that the Triple Masking SDK offers plug-and-play privacy for…

Systemic Swiss Banks Not Ready for Crisis, Regulator Says – Finance Bitcoin News

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Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds The Swiss Financial Market Supervisory Authority (Finma) considers insufficient the crisis plans of two of Switzerland’s main banks, Reuters reported. The regulator is not certain if Zürcher Kantonalbank (ZKB) and Postfinance will be manage to…