The latest user-centric revamp aims to improve follower engagement and create new revenue streams on the social media platform. Source: https://cointelegraph.com/public/index.php/news/elon-musk-introduces-twitter-monetization-avenues-for-content-creators
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report on Signature Bank’s collapse and its overreliance on uninsured deposits.…
This week in coins. Illustration by Mitchell Preffer for Decrypt. Most of the top thirty cryptocurrencies by market capitalization have appreciated in value over the last seven days, with Bitcoin (BTC), Solana (SOL), and the Internet Computer Project (ICP) leading the rally. Bitcoin is around 7.5% pricier than it was this time last weekend and trades for $29,295 as of…
The team at Bitcoin tech startup Lightning Labs, one of the main developers of Bitcoin’s speedy and scalable Lightning Network, released an update to its Litd node management tool designed to make Bitcoin and Lightning easier to use. Users need to run a Lightning “node” to send and receive payments on the network non-custodially, meaning without the assistance of a…
Gala Games Cofounder Michael McCarthy says an “unbelievable” amount of Mirandus conversations are about its approach to Web3 and crypto transactions. Source: https://decrypt.co/videos/interviews/XETXOt0k/how-mmorpg-mirandus-is-managing-its-web3-elements
Twitter has overhauled its verification system—and now one noted Web3 creator wants to test its limits. Pseudonymous NFT collector and founder of the 9dcc apparel brand, gmoney, is gamifying his company’s Twitter presence by rewarding his most active community members with free affiliate check marks and avatar badges. Gmoney tweeted this week that he will offer the top 25 people…
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of Russia Leaves Interest Rate Unchanged…
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding purchasing First Republic after the bank’s stocks dropped more than 50% on Friday. FDIC Considers Taking Over First Republic…
Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that features the flag of crypto-friendly El Salvador on its rooftop. Bitcoin Racing Team Joins Porsche Carrera Cup With Netflix Celebrity in the Car British racing team Bitcoin…
Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company. Source: https://cointelegraph.com/public/index.php/news/mastercard-launches-web3-user-verification-solution-to-curb-bad-actors
