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” FTX collapse impacts Miami’s nightclub scene: Report “ The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports gathered by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange. According to nightclub owners, young, nerdy crypto bros went…
Arizona’s Maricopa County votes to certify 2022 election over GOP objections Supervisors in Arizona’s Maricopa County voted unanimously to certify their election canvass ahead of a state deadline on Monday, defying Republican objections. Arizona gubernatorial candidate Kari Lake (R) and others in the GOP have seized on printer malfunctions in Maricopa County, Arizona’s most populous…
” Compound Finance to impose lending caps in light of failed Aave exploit “ Users of decentralized finance lending platform Compound Finance have passed a proposal to restrict the maximum borrowing of 10 tokens on the protocol. The proposal put forth by financial modeling firm Gauntlet passed Nov. 28 by majority vote, although the total…
” Game7 allocates $100M in open-source technology grants for Web 3.0 gaming companies “ On November 28, blockchain gaming accelerator Game7 announced that it would allocate $100 million in open-source technology grants to upcoming Web 3.0 startups. As told by the Game7, distributions will support individuals and entities building blockchain games, smart contracts, core software…
” Tokenized government bonds free up liquidity in traditional financial systems “ A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with…
” The metaverse is a new frontier for earning passive income “ When new technologies and platforms are created, there are incredible discovery phases in which economic activity eventually picks up and starts taking shape. The metaverse is arguably in that discovery phase, with many entrepreneurs finding ways to earn passive income on it. As…
” TON Telegram integration highlights synergy of blockchain community “ As a result of a recent upgrade to the wallet bot, users of the Telegram app are now able to purchase and sell cryptocurrencies without leaving the application. The wallet bot was developed by The Open Network (TON, formerly Telegram Open Network) in April. The…
Manchin’s side deal on brink as GOP seeks his 2024 ouster Sen. Joe Manchin’s (D-W.Va.) side deal with Senate Majority Leader Charles Schumer (D-N.Y.) to enact permitting reform before the end of the year is on life support as Republicans look to deprive the lawmaker of a major victory that could aid his potential 2024…
After Mueller, legal experts hope for a more vocal special counsel As former President Trump faces his second special counsel investigation in six years, some legal experts are encouraging the Justice Department to be more vocal in addressing the inevitable attacks and misinformation about the high stakes probe. The appointment of Jack Smith to oversee…
White House preps for potential post-midterms staff turnover The White House is bracing for a potential staffing turnover now that the midterm elections are in the rearview mirror, with some aides expected to depart in early 2023. The Biden administration so far has been remarkably stable compared to the Trump administration, with very few high-profile…