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The creation of a United States digital dollar would “crowd out” the cryptocurrency ecosystem and protect the national security of the U.S., according to a former top adviser in president Joe Biden’s administration.Daleep Singh — a former deputy national security adviser for international economics in the Biden administration — made the comments at a Feb. 28 Senate Banking Committee hearing, suggesting that cryptocurrencies facilitate ransomware attacks and contribute to the evasion of U.S. sanctions.Singh believes the U.S. government embracing a central bank digital currency (CBDC) “is the single best step that we could take [to protect national interests] because it…

NFT Non-Fungible Tokens (NFTs) have been a hot topic in the art world, but they are also gaining traction in the gaming industry. NFTs are digital assets that represent ownership of a unique piece of content, and they have the potential to revolutionize the way we think about ownership and value in the gaming world. In this article, we will discuss the growing popularity of NFTs in gaming, the benefits they offer to game developers and players, the importance of NFT PR in the gaming industry, successful NFT PR campaigns, how to create an effective NFT PR strategy, potential challenges…

A draft for the approval of an expansion of crypto trading activities to non-banking members has been published by the Tel Aviv Stock Exchange (TASE) for public comments.In a TASE first, a Feb. 27 announcement stated the proposed structure will enable customers to deposit fiat money designated for investments in digital assets.Non-banking members will act as licensed providers for crypto trading and custodial services should the proposal be approved. Customer funds will be placed in an “omnibus account” as the intermediary for crypto trading activities.It will also allow clients to withdraw funds originating from the sale of crypto but the…

The entertainment industry rarely sees a dull moment when it comes to disputes over the ownership of intellectual property or creative rifts between big networks and showrunners. A tiny number of studios and networks own the majority of rights, leading to the mass production of films and TV shows that somehow feel the same. Web3 aims to change that by giving the power back to content creators and fans.“In Hollywood, there’s a formula,” explained Jason Neubauer, the founder and CEO of Affect Change. “People have their own agendas. I wanted to create stories that are authentic, and inspire others to…

Blockchain gaming development may have slowed down over the past year, but things are about to change. This is after Unity added 13 Web3 developer tools designed to aid builders in the blockchain space. The integrations can be found on the Unity Asset Store, the gaming giant’s online store, where developers can purchase and download them to integrate in their games.Web3 developers will be able to download the SDKs and APIs from leading blockchain solutions providers that are listed on the Unity Asset Store. These include the likes of MetaMask, Algorand, ImmutableX, and many others.Experts within Web3 believe this move…

The French National Assembly has voted in favor of legislating stricter licensing rules for new cryptocurrency firms in order to harmonize local laws with proposed European Union (EU) standards. The vote was passed with 109 votes (60.5%) in favor to 71 (39.5%) against. The French Senate has already passed the bill, which now goes to President Emmanuel Macron, who has 15 days to either approve it or send it back to the legislature.✅ Projet de loi DDADUE dans les domaines de l’économie, de la santé, du travail, des transports et de l’agriculture | Adoption par l’Assemblée nationale, compte tenu du texte…

In this week’s newsletter, read about how a whale sold 1,010 nonfungible tokens (NFTs) within 48 hours. The Blur NFT marketplace captured the space’s attention, and the manuscript that coined the term “metaverse” is being auctioned by Sotheby’s. In other news, find out users’ motivations behind their NFT purchases, and don’t forget this week’s Nifty News, featuring a Twitch streamer earning 1,000 ETH in exchange for the Golden Key NFT. Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’NFT whale Jeffrey Hwang, also known as Machi Big Brother, sold 1,010 NFTs within 48 hours. The NFTs were exchanged…

In the latest news, esports star Mongraal has sold his Dookey Dash Key NFT for a whopping 1000 ETH, equivalent to $1.63 million in Ethereum. As announced by the gamer, the NFT was purchased by billionaire entrepreneur and Bored Ape collection member, Adam Weitsman after it was initially listed at 3,333 ETH, equivalent to $5.43 million. DOOKEY DEAL » DooKey Dash Champion @Mongraal Has Sold The Golden Key For 1000 ETH Or $1,625,000 USD To @Boredapeyc Member @AdamWeitsmanStay tuned for a full report! pic.twitter.com/MztGMF9Hd7— The Bored Ape Gazette???? (@BoredApeGazette) February 27, 2023Mongraal, a well-known esports player, has a large following on…

NFT Thousands of Web3 aficionados converged upon NFT Paris last weekend, and attendees at the Grand Palais Éphémère got an NFT-based fashion show in addition to the panels and exhibits. Danit Peleg, a fashion designer who taps into new technologies, used the event to showcase her first collection of 3D-printed apparel inspired by Nouns. The notable Ethereum project, which launched in 2021, auctions one new NFT per day and uses the funds to fuel a community-driven and open-source intellectual property. Peleg brought five outfits to the conference, each inspired by specific NFTs in the valuable profile picture (PFP) collection as…

Blockchain Noble XYZ, a Cosmos-based general asset issuance chain, has paused integration with Interchain Security due to slashing concerns. Interchain Security — also known as Replicated Security — allows the Cosmos Hub to run multiple blockchains in parallel, all while using the same security attributes. Validators are able to secure different app chains through staking ATOMs, but when a validator engages in dishonest behavior, they will be penalized, or “slashed.” The initial slashing strategy for Interchain Security was that a validator would automatically be punished if they did something wrong. A change was made so that slashing would be executed…