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The voluntary liquidation of Silvergate Bank has sparked many to share their thoughts about the source of its troubles and the broader impact of the crypto-friendly bank’s collapse on crypto. From lawmakers to crypto analysts, crypto firm executives to commentators — nearly everyone’s had something to say regarding the recent announcement from Silvergate. Some United States lawmakers have used the moment to make a comment about the state of the crypto industry, labeling it a “risky, volatile sector,” which “spreads risk across the financial system.” Senator Elizabeth Warren called Silvergate’s failure “disappointing, but predictable,” calling for regulators to “step up against…

NFT A new NFT conference in Brazil is building on growing interest in the Web3 ecosystem across the region, bringing together builders and leaders from the space to grow the local crypto community. Breakout NFT, taking place from March 15-16 in Sao Paolo, brings together an impressive lineup of speakers from ConsenSys, Artblocks, Chainlink, FingerPrintsDAO, and a wide array of artists from multiple disciplines. Topics on the agenda fall within four focus areas: AI & Art, Games, Phygital, & Urban Art. Alongside a steady increase in Brazil’s internet usage, Sao Paolo has seen a “proliferation of accelerators” in recent years,…

Degen Zoo, an NFT game inspired by YouTuber Logan Paul’s controversial Crypto Zoo concept, has seen more than 115,000 wallets register to join the game, with pledges of over $700 million. DAO Maker founder Christoph Zaknun took on the challenge of building his variant of the shelved zoo-themed game in just 30 days.In August 2021, Logan Paul announced a project called Crypto Zoo, which involved buying nonfungible token eggs that would supposedly hatch into animals, allowing owners to earn passive income through zoo tokens. The project reportedly raised over $3 million in NFT sales and tens of millions in zoo…

The consensus greatest player of all time is backing Matchday – a Web3 mobile gaming startup. Lionel Messi is emerging as a key investor in a $21 Million seed fund for Web3 gaming startup Matchday. His venture capital firm, Play Time, is putting its weight behind the soccer-focused gaming company. What is more, Matchday holds the official license from FIFA, and the FIFPRO players association. Thus far, we know that Matchday is going to target causal gamers and try to make it easy to onboard. Furthermore, the startup has a high profile global ambassador in the form of Spanish soccer icon Alexia Putellas.…

Degen Zoo, an NFT game derived from Logan Paul’s abandoned Crypto Zoo, has been single-handedly developed by Christoph Zaknun in 30 days. The DAO Maker founder took on the challenge of building the shelved concept to disprove Paul’s claim that the development cycle would take years. More than 115,000 wallets have registered to join the game with pledges of over $700 million, setting new records for a crypto game.Degen Zoo comprises a deflationary token and an NFT collection featuring 120 endangered species. It’s designed to simulate the impact of capitalism on animal extinction. Players are incentivized to “kill” their NFT…

U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains for certain investors and a crackdown on crypto wash sales. The Biden administration is set to release its fiscal 2024 budget plan on March 9, which is reportedly aimed at reducing the deficit by almost $3 trillion over the next decade. It also includes changes to crypto tax treatment with the aim of raising around $24 billion, according to newsreports.One of these proposals includes an end to a strategy in which a crypto trader sells assets at a…

Blockchain We2Net (WE2NET), a novel liquidity protocol and rewards generating system for LPs, shares the details of its upcoming launch procedure, strict third-party security audit and roadmap for the years 2023-2024. We2Net goes live, deadline for LPs set for April 15, 2023 According to the official announcement by the We2Net team, its mainnet version inches closer to its official public release. The first generation of its liquidity providers should be onboarded until April 15, 2023. we2net is about to launch, please stay tuned to our official media channels. pic.twitter.com/HJjzjk8iPZ — we2net (@we2net) March 10, 2023 The protocol is focused on…

Blockchain Nigerian President-elect Bola Tinubu has recently released a manifesto that, if enacted, would enable the use of blockchain technology and cryptocurrencies in the nation’s banking and finance sector. The manifesto suggests reviewing existing Security Exchange Commission (SEC) regulations on digital assets to make them more business-friendly. The new regulation provides a framework for regulating digital assets like cryptocurrencies and other digital tokens in Nigeria. The suggested regulations would require digital asset companies to register with the SEC and mandate that all digital asset offerings and investments comply with SEC regulations. Nigeria’s President-elect, Bola Tinubu. In the manifesto, Tinubu said:…

Get ready to enter a new dimension of gaming with Outer Ring MMO – a free-to-play blockchain game that offers play-to-earn opportunities. It is being brought to life by the brilliant minds at Maniac Panda Games – the video game division of Windex Technologies OÜ, which invested $1.5 million in Outer Ring. A team of experts, led by the CEO Daniel Valdés, combined their multidisciplinary expertise to develop the game. Frederic Fernandez, the founder of DEXTools, and Eneko Astorkiza, the IT manager of RETAbet, are among the advisors of the endeavor. What is Outer Ring MMO?Outer Ring MMO is an MMORPG that combines science fiction and…

An NFT collection with ties to Ethereum creator, Vitalik Buterin, has amassed millions in trading volume just two days after the first drop closed. Dubbed the ‘Quadratic Funding Collection,’ the NFTs honor the concept of quadratic funding, a Web3 funding model supported by Buterin. Mathematically, the model prioritizes project funding based on the number of people who have contributed. Therefore, a few whales can’t determine how matching funds are delegated based on how much they have contributed.The collection launched at the start of March 2023, through an open-edition mint. In total, there were 9,209 pieces minted in the first drop…