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FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy
17.3.2023
The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers
Baron Davis: Bringing Athletes to Web3
17.3.2023
The electric ex-NBA point guard is teaching sports clients to engage with communities using crypto tech
Could Legendary Hip Hop Platform DatPiff Serve as a Springboard for ‘Music NFTs’?
17.3.2023
In an age defined by disruption, legacy IP may hold the key to the next wave of digital culture, Gitcoin’s Azeem Khan writes
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change
17.3.2023
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets...
NFT Marketplaces Should Promote 'Underrepresented Artists and Art Forms'
17.3.2023
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DeFi sees its biggest hack in 2023 as Euler loses $197M: Finance Redefined
17.3.2023
DeFi suffered its biggest attack this year with a flash loan attack on crypto lending platform Euler Finance and the hackers are belived to be same that exploited a BSC based protocol in February
The NFT Louvre Exhibit That Wasn't: Untangling the Public Mess of a Non-Event
17.3.2023
Last week, AI artist Claire Silver announced her NFTs would be displayed at the Louvre Museum in Paris – which The Louvre denied shortly after. Here's what happened
The Truth About Artificial Intelligence and Creativity
17.3.2023
Artificial intelligence allows creators to be creative, but even sophisticated AIs are really just an advanced form or copying, says David Z. Morris. This feature is part of CoinDesk's Culture Week
Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish
17.3.2023
The computer gaming firm supports royalties and by removing them, it would only “send the industry backwards, co-founder Yat Siu, said
Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish
17.3.2023
The computer gaming firm supports royalties and by removing them, it would only “send the industry backwards, co-founder Yat Siu, said
2023’s Highest Rated Games Are Mostly Remakes Or Remasters
17.3.2023
2023 has already been a pretty solid year for games. However, if you stop and look at Metacritic to see what some of the highest-rated games released this year actually were, you’ll notice a trend: Many of them are remakes or remasters of older games. It’s a trend that likely has a few different...
Silent Hill 2 Team Shows Terrifying Gameplay Preview Of Their OG Horror Remake
17.3.2023
2016 psychological horror game Layers of Fear is, in developers Anshar Studios and Bloober Team’s words, getting not quite a remake, but a “reimagining”—”a unified vision of horror” chaining together the stories of Layers of Fear, sequel Layers of Fear 2, all pre-existing DLCs and a new one, called...
Meta’s NFTease and AI’s Impact on Web3
17.3.2023
Meta Platforms announced it was ending its support for NFTs after less than a year from its initial test program. The move is a setback for Web3 creators who use social media to promote their art and interact with their community – and signals that Meta maybe hasn’t yet figured out how to dive into...
Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed
17.3.2023
But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership, Maria Vullo, previously a superintendent at the government department, told CoinDesk TV’s “First Mover.”
Web3 Offers a Cure to Toxic Pop Culture
17.3.2023
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
17.3.2023
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin...
This Crisis Will Define the Future of Money
17.3.2023
The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank...
How Effective Altruism Power Brokers Helped Make Sam Bankman-Fried
17.3.2023
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
17.3.2023
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation...
Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg
17.3.2023
U.S.-based crypto exchange Coinbase is considering setting up a crypto-trading platform overseas and is discussing the move with institutional clients, Bloomberg reported, citing people familiar with the plans