The Daily Spin. Mid-size Monday Edition. Continuing coverage of the US/Europe banking collapse, all eyes on the FOMC meeting this week, and a basket of interesting developments on how the central banks are approaching this. The MSBC in America has written a letter to the US Treasury asking for FDIC deposit insurance to be increased and extended, showing grave concern that the risk to smaller, regional banks is heightened and may be in clear danger of being the next dominoes to fall – which would be catastrophic to the US and world economy.
While Majority Whip Rep. Tom Emmer accuses the Biden administration for “weaponizing the banking crisis to attack crypto,” force the use of CBDC’s and countries such as Indonesia have already brought crypto exchanges completely under the government ownership and mandate, there are other things happening outside of the G7 aside from Bitcoin’s massive rally touting its originally-designed for use case. While US allies have met and agreed to uphold the status of the USD as the global reserve currency, China and the BRICS nations have also been making moves of their own – many of which are ahead of the West in its creation.
Conflict at Defillama between founders and one founder who wants to launch a token leads to a possible fork of the widely popular platform used by the crypto community. Coinbase is looking off-shore to get portions of their business away from the US regulations and is a harbinger of what the effect of the US SEC’s position and “regulation by enforcement” is impacting the country’s potential instead of capitalizing on crypto technology and innovation. Vitalik comes out to re-state his advice to self-custody. The Paraswap hack is reviewed, and potential relisting of XRP is under consideration by Coinbase. First Republic Bank gets a $30B bailout, Signature Bank gets acquired by NYC Bancorp and Credit Suisse is acquired by its rival, UBS, for an estimated $3.2B.
Many nice articles in the TL section as usual, today covering the history of monetary systems, the end of “Pax Volckerinas,” and the shaping of a new world currency led by China and the BRICS nations. Also, Jameson Lopp presents in his Cypherpunk Cogitations how to take greater ownership of your web2 content and provides a tutorial on how to bulk transcribe & archive videos in YouTube. Binance Academy visits “How to Create a DAO” as a basic primer for anyone who is interested in this special field of blockchain technology and governance, and lasty Coinmarketcap’s Alexandria on the top ten protocols on Optimism… here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the market news with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…
Ongoings at Coinweb
“A Thread on Refereed Delegation of Computation” by Kawin on Twitter
https://twitter.com/CoinwebOfficial/status/1635952081302589441?s=20
Coinweb to bring cross-chain tokenisation to Layer 2
https://cryptoslate.com/coinweb-to-bring-cross-chain-tokenisation-to-layer-2/
“A Thread on L2 Scalability, Network Efficiency and Throughput/TPS” by Anton on Twitter
https://twitter.com/CoinwebOfficial/status/1633424957693915137
The Coinweb Monthly Spin - Coinweb Project's Monthly Round-Up and Curated News & Events From The Bleeding Edge of All Things Web3
https://coinweb.beehiiv.com/p/coinweb-monthly-spin-fifth-edition
A Leading Layer 2 Platform Looking To Tackle Crypto's Interoperability Issue
https://www.benzinga.com/markets/cryptocurrency/23/02/31067514/a-leading-layer-2-platform-looking-to-tackle-cryptos-interoperability-issue
Toby Gilbert takes the stage at the Thai Technology Investment Summit 2023, “On the future of Web3” and Ain Mohd represents Coinweb on a panel discussing “The Role of Women in Web3”
“The Reality of Large-scale Enterprises Adopting Blockchain Technology” an article by Toby Gilbert for CityAM Magazine
https://www.cityam.com/the-reality-of-large-scale-enterprises-adopting-blockchain-technology/
Coinweb Labs is proud to unveil LinkMint ⛓️🍃, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander.
https://www.youtube.com/watch?v=CSKA3cAB15U
“A Thread on Guaranteed Liveness and the Coinweb Routing System” by Anton on Twitter
https://twitter.com/CoinwebOfficial/status/1630052477579169793?s=20
“A Thread on Rollups, Monolithic, and Modular Blockchains” by Kawin on Twitter
https://twitter.com/rukawin/status/1616342851507613696?s=46&t=BjBOK3soH3kOMbsWEa_jlg
Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/
KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders
Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c
On the Radar
Ethereum Shanghai Upgrade, Delayed (On-chain)
FOMC Meeting, Mar 21-22 (Washington D.C.)
Arbitrum Airdrop, Mar 23
Polygon zkEVM Launch, Mar 27 (On-chain)
WOW Summit, Mar 29-30 (Hong Kong)
ASEAN Web3 Summit, Mar 30-31 (Singapore)
Hong Kong Web3 Festival, Apr 12-15 (Wan Chai, Hong Kong)
Consensus 2023, Apr 26-28 (Austin, Texas)
AIBC Asia, Jul 19-22 (Manila)
TOKEN2049, Sep 13-14 (Singapore)
Blockchain Events curated by CryptoNomad
https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit
On the Block(chain)
Bitcoin surges 10% hitting 9-month high
https://cryptoslate.com/bitcoin-surges-10-hitting-9-month-high/
BlackRock CEO Larry Fink says US is lagging behind in crypto developments
https://cryptoslate.com/blackrock-ceo-larry-fink-says-us-is-lagging-behind-in-crypto-developments/
Ethereum founder urges self-custody – recommends use of multi-sig, social recovery wallets
https://cryptoslate.com/ethereum-founder-urges-self-custody-recommends-use-of-multi-sig-social-recovery-wallets/
ParaSpace hack in retrospect: $5M rescued, large withdrawals time-locked, hacker wants fees back
https://cryptoslate.com/paraspace-hack-in-retrospect-5m-rescued-large-withdrawals-time-locked-hacker-wants-fees-back/
Ethereum voluntary exit count explodes in wake of Shanghai upgrade
https://cryptoslate.com/insights/ethereum-voluntary-exit-count-explodes-in-wake-of-shanghai-upgrade/
Crypto projects raised over $4m despite US banking crisis
https://crypto.news/crypto-projects-raised-over-4m-despite-us-banking-crisis/
Competitive Landscape
DefiLlama website splits as one founder pushes for crypto token launch
https://cryptoslate.com/defillama-website-splits-as-one-founder-pushes-for-crypto-token-launch/
Coinbase eyeing offshore exchange to escape US regulatory pressure
https://cryptoslate.com/coinbase-eyeing-offshore-exchange-to-escape-us-regulatory-pressure/
Coinbase’s Grewal hails Ripple’s defense efforts: XRP relisting possible
https://cryptoslate.com/coinbases-grewal-hails-ripples-defense-efforts-xrp-relisting-possible/
Binance removes BUSD from SAFU fund — adds TUSD, USDT
https://cryptoslate.com/binance-removes-busd-from-safu-fund-adds-tusd-usdt/
Banks resume slide as First Republic gets $30B in deposits. When was throwing money at a problem the answer?
https://cryptoslate.com/insights/banks-resume-slide-as-first-republic-bank-gets-30b-in-deposits-when-was-throwing-money-at-a-problem-the-answer/
Stealth QE: Feds balance sheet grows $300B, Bitcoin breaks $26,000
https://cryptoslate.com/insights/stealth-qe-feds-balance-sheet-grows-300b-bitcoin-breaks-26000/
Signature Bank Taken Over By New York Community Bancorp After Sudden Collapse
https://www.forbes.com/sites/joewalsh/2023/03/19/signature-bank-deposits-bought-by-new-york-community-bancorp-after-sudden-collapse/?sh=2aaba7285d34&utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2793907
World
UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun
https://cryptoslate.com/ubs-completes-credit-suisse-deal-for-2b-following-offer-from-justin-sun/
Midsize US Banks Ask FDIC to Insure Deposits for Two Years
https://www.bloomberg.com/news/articles/2023-03-18/midsize-us-banks-ask-fdic-to-insure-all-deposits-for-two-years
Rep. Tom Emmer (R-MN) says President Biden administration is weaponizing market chaos to kill crypto
https://cryptoslate.com/us-lawmaker-says-president-biden-administration-is-weaponizing-market-chaos-to-kill-crypto/
Belgian foreign minister calls for crypto ban
https://cryptoslate.com/belgian-foreign-minister-calls-for-crypto-ban/
LBank & Encryptus to Host Crypto Friday After-Party at Hong Kong Web3 Festival
https://cryptoslate.com/press-releases/lbank-encryptus-to-host-crypto-friday-after-party-at-hong-kong-web3-festival/
Thought Leadership
Searching for Money’s New Standard
https://www.bnnbloomberg.ca/searching-for-money-s-new-standard-1.1561695
A New World Currency is Shaping, And Now it’s One Step Closer
https://medium.com/yardcouch-com/a-new-world-currency-is-shaping-and-now-its-one-step-closer-af51617f824f
Cypherpunk Cogitations: How to Archive & Transcribe YouTube Videos in Bulk
https://blog.lopp.net/how-to-archive-transcribe-youtube-videos-bulk/
Binance Academy: How to Create a DAO?
https://academy.binance.com/en/articles/how-to-create-a-dao
The Ultimate Guide to the Top 10 Protocols on Optimism
https://coinmarketcap.com/alexandria/article/the-ultimate-guide-to-the-top-10-protocols-on-optimism
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