• Bitcoin has surged impressively in the past seven days, with a 30% increase and reaching a trading price of $26,600.
• Investors are diversifying their portfolios and looking to cryptocurrencies as a means of reducing risk due to liquidity concerns arising from recent banking collapses.
• Bitcoin’s total value locked has increased significantly, surging to $142.31 million, which is the highest value locked since May 5th 2022.
Bitcoin’s Strong Weekly Surge
Bitcoin has seen an impressive 30% surge in its trading price over the past week, bringing it back to levels seen in June 2022. This growth along with gains made by other cryptocurrencies have led to the total cryptocurrency market cap surpassing the $1.1 trillion mark.
Liquidity Concerns Lead To Diversification
Due to liquidity concerns caused by recent banking crashes, investors are diversifying their portfolios and seeking risk reduction through investing in cryptocurrencies such as Bitcoin.
Total Value Locked On Bitcoin Increases
Data indicates that Bitcoin’s total value locked has increased significantly, surging to $142.31 million – the highest value locked since May 5th 2022. This surge shows that investors have trust in this cryptocurrency and are optimistic about its growth potential.
On-Chain Metrics Point To Bull Market
Glassnode’s “Recovering From A Bitcoin Bear” dashboard monitors eight key indicators which suggest positive signs for Bitcoin’s recovery and transition from a bear market into a period of recovery or new bull run.
The growing confidence in investors along with strong on-chain metrics indicate a positive outlook for the crypto market; especially considering how well it performed amidst market chaos and traditional financial instability
• Silicon Valley Bank is facing huge liquidity issues, which could have a significant impact on the crypto industry.
• The bank announced a $1.75 billion stock offering and a $500 million common stock purchase by private equity firm General Atlantic to shore up its balance sheet.
• VCs like Mechanism Capital, Eden Block, Pantera Capital have advised their portfolio companies to withdraw funds from the troubled bank.
Silicon Valley Bank’s Troubles
Silicon Valley Bank is a behemoth in the U.S. startup space with about $200 billion in assets under management (AUM). Recently, the bank has been facing huge liquidity issues due to historically fast interest rate hikes in the U.S., exposing underlying liquidity issues. In response to this shock, Silicon Valley Bank recently announced a $1.75 billion stock offering this week and a $500 million common stock purchase by private equity firm General Atlantic to shore up its balance sheet; however, its shares went down 60% on Thursday and are down another 62% on Friday’s premarket session according to data from Yahoo! Finance and some users report not being able to log into their accounts.
Risk To Crypto Industry
The potential collapse of Silicon Valley Bank poses a significant risk to the crypto industry, especially crypto-friendly venture capital (VC) firms such as Sequoia and Andreessen Horowitz (a16z). With less than ideal options for banking services for startups and VCs looking for financing of their projects, financial instability at Silicon Valley Bank could spell trouble for these entities in terms of finding alternative sources for their funding needs.
Advice From Crypto VCs
In response to Silicon Valley Banks troubles some crypto VCs have already sounded the alarm bell about it advising their portfolio companies to withdraw funds from them as soon as possible before things get worse .This include Mechanism Capital ,Eden Block ,Pantera Capital ,etc who have all issued advisories warning against keeping money at Silicon Valley Banks till further notice .
Impact On Crypto Projects
The potential demise of Silicon Valley Bank would mean serious trouble for crypto projects as well as US startups landscape . For example , if investors pull out their money from banks like SVB then it can become difficult for new projects or startups that require financing from banks or venture capitalists .
Silicon Valley Banks troubles can potentially create long term problems for both traditional banking systems as well as cryptocurrency sector given its huge role in providing banking services especially related to venture capital investments . Therefore it’s important that everybody who had invested money in SVB should take appropriate measures regarding safety of those funds immediately .
• Shiba Inu’s Web3 project, SHIB: The Metaverse, will be featured at SXSW Texas starting on March 12th, 2023.
• The event will include a panel discussion and various presentations regarding the rapidly evolving technology landscape.
• Shiba Inu is also inviting crypto enthusiasts to join them for a free giveaway in the Departure Lounge at Fairmont Austin.
SHIB: The Metaverse To Be Featured At SXSW Texas
Shiba Inu’s Web3 project, SHIB: The Metaverse, will be displayed for the first time in Texas at the annual SXSW Experience in Austin on March 12th, 2023. Following news of this announcement, SHIB dropped 5% while BONE went through market correction.
Panel Discussion and Presentations
The official SHIB Token team is preparing to take crypto and Web3 enthusiasts on their first virtual tour around the highly-anticipated SHIB: The Metaverse. This experience will kick off with a panel discussion including Marcie Jastrow (official SHIB: The Metaverse advisor) and two members of the audiovisual studio – Connor Murphy and Chris Edwards. Additionally, there will be various presentations meant to explore the rapidly evolving technology landscape.
Revelation of Shibarium HUBS
The highlight of this event will be Shiba Inu’s WAGMI (We’re All Gonna Make It) Temple revelation – an artwork concept that was presented last year along with Tech Trench, Canyon Hub, Rocket Pond, and Growth Dunes – all part of the ten different HUBs within Shibarium for various metaverse activities such as embracing scenery or collaborating with community members on compatible projects.
Shiba Inu’s Texan Happy Hour
As one of the XR Experience Spotlights at SXSW Experience , Shiba Inu has planned a ‘Happy Hour’ on March 11th where they are offering a free giveaway to crypto enthusiasts in attendance at Fairmont Austin.
After news spread about Shiba Inu’s appearance at SXSW Texas ,SHIB saw it’s value drop by 5%, while BONE saw market correction as well – suggesting that investors are expecting big things from this project during its debut showcase later this month!
• Animoca Brands Japan, a strategic subsidiary of Animoca Brands, has invested in Passion Labs.
• The companies will collaborate in helping Japanese companies move to Web3 and create Web3 communities.
• Both Animoca Brands and Passion Labs have worked with many luxury brands from the region in moving to Web3.
Animoca Brands Japan Invests in Passion Labs
Animoca Brands‘ strategic subsidiary has invested in Passion Labs with the aim of expanding its foothold in Japan and helping companies migrate to Web3. This venture capital move is expected to help Japanese companies develop their strategies for Web3 and create web 3 communities.
Passion for Web3
Passion Labs has established itself as a provider of analytics that strengthen luxury and automotive brands from Japan and Asia-Pacific. Following the investment, both Animoca Brands Japan and Passion Labs will continue working together to assist Japanese businesses transition into the realm of web 3. Kyoya Okazawa, Co-founder of Animoca Brands Japan commented on this development: „We are thrilled to invest in Passion Labs because we believe that its services will be an integral part of Web3…“
Previous Collaborations with Luxury Brands
Both Animoca Brands and Passion Labs have previously collaborated with many luxury brands from the region such as Bentley Japan, Porsche’s marketing director Daniel Feucht etc., for developing their strategies for web 3. Last December, both Keegan Huang (Founder of Passion labs) & Kyoya Okazawa appeared on stage at NFT Taipei discussing what impact web 3 could have on luxury brands.
Key Opinion Consumers Analysis
As part of their collaboration, Animoca Brands will be using Passion Lab’s technology for KOC (Key Opinion Consumer) analysis within Japan so as to help organizations migrate towards web 3 more efficiently.
Excitement From Both Parties
Keegan Huang, Co-founder & CEO of Passion labs expressed his enthusiasm about this strategic alliance between both parties by saying “This investment is a testament to our commitment towards our goal – democratizing digital transformation.“
• OKB (OKB) and Aptos (APT) are two tokens that have seen a bullish momentum since the beginning of the year.
• Stellar (XLM) and Orbeon Protocol (ORBN) are also part of this price pump, with ORBN currently in phase 7 of its presale and having gained 1675%.
• Both OKB and APT offer their holders numerous advantages such as passive income, voting rights, staking rewards, and more.
Bullish Momentum for OKB & Aptos
The start of 2023 has brought with it an influx of bullish momentum for several tokens, including OKB (OKB) and Aptos (APT). These two tokens have seen significant price pumps throughout the first few months of the year.
Stellar & Orbeon Protocol
Other tokens that have maintained a bullish trend include Stellar (XLM) and Orbeon Protocol (ORBN). ORBN is currently in phase 7 of its presale and has so far gone up by 1675% from its initial price. It is presently trading at $0.071.
Advantages for OKB Holders
The utility token for the popular OKX exchange is OKB (OKB). This token can be used for many activities on the exchange such as calculating fees, voting rights, staking rewards, compensation for holding onto their tokens, etc. There is also an innovative platform called ‘OKX Jumpstart’ which distributes funds to users in the form of OKB tokens – helping people across the globe to have a better future through decentralization of money, applications, gaming or NFTs.
Aptos: The New Era Of DApps
Aptos (APT), on the other hand is referred to as ‚the new era dApps‘ due to its combination of PoS consensus along with a unique programming language called Move which makes it faster than Ethereum – handling upto 150k transactions per second! Moreover it is cost effective , secure , scalable and easily upgradable too- making it a great layer 1 blockchain option for investors to consider in 2023.
In conclusion , both these coins make good investment options due to their respective advantages . Therefore , if you are looking forward to investing your money in cryptocurrencies this year , then you should definitely consider putting some into both these coins .
• The SEC is ramping up its efforts to regulate crypto exchanges, with staking services being the latest casualty.
• Exchanges like Coinbase and Kraken have been providing staking services to retail customers but are now facing legal action from the SEC.
• SEC Chair Garry Gensler believes investors deserve more transparency when it comes to these products and their returns.
SEC’s Regulatory Push on Staking Services
The US Securities and Exchange Commission (SEC) has been working hard to regulate crypto exchanges since the catastrophic FTX collapse. Staking services are one of the latest casualties in this regulatory push, as exchanges like Coinbase and Kraken face legal action for offering these services to retail customers.
What is Crypto Staking?
Crypto staking is a way of securing proof-of-stake networks like Ethereum while also earning rewards for locking up tokens. To mitigate the need for large amounts of capital, users can pool their tokens into decentralized staking pools – or stake them with exchanges. For crypto exchanges, staking services have become an essential source of revenue as trading volumes dropped.
Coinbase CEO’s Warning
Coinbase CEO Brian Armstrong sounded the alarms over „rumors“ about an upcoming ban on crypto staking from the SEC. He argued that such a ban would be a „terrible path“ for the US, given that blockchain rewards accounted for 11% of the revenue in Q3 of 2022, up from 8.5% in Q2.
Genser: Investors Deserve Transparency
On Friday, SEC Chair Garry Gensler explained why his agency was taking steps to rein in staking services. He said that exchanges advertise returns on these products without giving investors enough information about what they’re doing with their tokens – something he believes needs to change if investors are going to trust these products.
SEC’s ‚Staking Ban‘ Not What You Think
Rather than banning crypto staking outright, what the SEC is looking at doing is introducing more transparency into how these products work and how they generate returns for investors – something which could ultimately make them more decentralized and trustworthy for everyone involved.
• This article discusses how the traditional music industry has been changing due to the rise of digital streaming.
• It outlines how the industry has adapted to the new digital landscape, and how it has impacted the way artists create and distribute music.
• It also looks at the potential for future growth in the music industry as streaming continues to expand.
The music industry has made huge strides in adapting to the digital landscape in recent years. With the increasing popularity of streaming services such as Spotify, Apple Music and Tidal, traditional music industry models have been re-evaluated and replaced by an ever-evolving digital ecosystem.
The shift to digital streaming has had a profound impact on the way music is created and distributed. Many artists no longer rely on record labels to promote their music, as streaming services provide a more direct connection to their audience. This has allowed artists to take more creative control of their music, while still receiving the same level of exposure and promotion as they did before.
Furthermore, the digital landscape has opened up new potential for the music industry to grow. Streaming services offer an easy way for fans to access and discover new music, and for labels to find and promote new talent. This has led to an increase in the number of independent labels and artists, and a wider variety of music genres and styles being made available to fans.
The future of the music industry looks bright as streaming continues to grow. As technology and platforms continue to evolve, the industry can expect to see further innovation and adaptation to the digital landscape. This will open up new opportunities for both labels and artists, and ensure that the music industry remains vibrant and relevant in the years to come.
The traditional music industry has been drastically changed over the past decade due to the rise of digital streaming. This shift has led to a more direct connection between artists and their fans, and has given artists more control over the production and distribution of their music. It has also opened up new possibilities for the music industry to grow, with the rise of independent labels, a wider variety of music genres, and more opportunities for artists to reach their audiences. With streaming continuing to expand, the potential for further growth and innovation in the music industry is greater than ever.
• The inaugural Crypties Awards were held on November 30 in Miami with Katrina Wolfe accepting the Cryptie for Crypto Unicorns.
• Kathleen Breitman of Tezos spoke at Web Summit in Lisbon about the Tezos blockchain and its proof-of-stake mechanism.
• Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and Alex Strzesniewski of AngelBlock discussed raising venture money during Crypto Winter at 0xpo Summit.
On November 30, Decrypt Studios presented the inaugural Crypties Awards in Miami, Florida. The event was hosted by Josh Ostrovsky, more commonly known as „The Fat Jewish“. Presented by a range of crypto projects, the award statuettes were given out in nine categories. The night was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.
The event began with Katrina Wolfe accepting the Cryptie for Crypto Unicorns from presenter Avery Akkineni of Vayner3. The other nominees in the game of the year category included Stepn, Zed Run, and Blankos Block Party.
Following the awards ceremony, attendees were treated to a panel from Web Summit in Lisbon, Portugal. Tezos co-founder Kathleen Breitman spoke about how the Tezos blockchain has used a proof-of-stake mechanism since its inception, as well as her admiration for Tendermint, Ethereum, and sharding. She also discussed progressive decentralization and NFT gaming.
The 0xpo Summit in San Francisco featured a panel from venture capitalists on raising money during the Crypto Winter market. Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson to discuss the challenges of raising money during a bear market.
The inaugural Crypties Awards was a successful event that showcased many of the leading projects and ideas in the crypto space. It was an exciting night of celebration and discussion, and it looks like the Crypties Awards will only continue to grow in the years to come.
• Blocknative CEO Matt Cutler had a discussion with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco on November 3.
• The Crypties 2022 awards gala was held in December 2022 with emcee Josh Ostrovsky and presenters from various crypto projects.
• Tezos co-founder Kathleen Breitman spoke at Web Summit in Lisbon and venture capitalists discussed raising money in bear markets at 0xpo Summit.
At 0xpo Crossroads in San Francisco on November 3, Blocknative CEO Matt Cutler had an enlightening discussion with Decrypt’s Jason Nelson about his Web3 origin story and Blocknative’s business—along with misconceptions in the crypto space. Fast forward to December 2022, and the inaugural Crypties awards gala was held at Art Basel in Miami. Hosted by Josh Ostrovsky („The Fat Jewish“), the evening featured presenters from a range of crypto projects, with sponsors such as Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.
In January 2023, Tezos co-founder Kathleen Breitman spoke at Web Summit in Lisbon about how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves. Later in December 2022, venture capitalists from Slow Ventures, Volt Capital, Conviction, and AngelBlock joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco for an extensive panel on raising venture money even during Crypto Winter. The panelists discussed the challenges of raising money during a bear market and strategies for overcoming them.
Overall, these events showed the progress of the crypto space and the resilience of the industry. With the success of events such as 0xpo Crossroads, The Crypties, and Web Summit, the blockchain and cryptocurrency industry is definitely on the rise.
• Lisa Rubin of Paul Hastings discussed legal advice for crypto companies prior to launch at 0xpo Crossroads in San Francisco
• The Crypties 2022 awards gala took place at Art Basel in Miami
• Tezos co-founder Kathleen Breitman spoke at Web Summit in Lisbon and panelists from Slow Ventures, Volt Capital, Conviction, and AngelBlock discussed fundraising at 0xpo Summit in San Francisco
At 0xpo Crossroads in San Francisco on November 3, blockchain attorney Lisa Rubin of Paul Hastings spoke about the importance of seeking legal advice before launching a crypto company. Rubin emphasized the need to ensure that all regulatory requirements are met before launching and that the right legal framework is in place. She also discussed the misconceptions that still exist in the industry regarding legal issues.
In December 2022 at Art Basel in Miami, Decrypt Studios held the inaugural Crypties awards gala. The night was hosted by Josh Ostrovsky („The Fat Jewish“) and included presenters from a range of crypto projects. Statuettes were awarded in nine categories, with sponsorships from Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.
Tezos co-founder Kathleen Breitman spoke at Web Summit in Lisbon in November 2022 about the proof-of-stake mechanism used by the Tezos blockchain since its inception, her admiration for Tendermint, Ethereum, and sharding, and the potential of NFT gaming. She also discussed the concept of progressive decentralization.
Finally, at 0xpo Summit in San Francisco on November 3, a panel of experts discussed the challenges of raising venture money in a bear market. Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock discussed strategies for raising capital, focusing on building a strong base of investors and keeping up communication with the crypto community. They also emphasized the importance of understanding the legal and regulatory landscape in order to ensure compliance.