🔥 Bitcoin is growing faster than every bank and financial company in history

You can look at Market Cap of Public Modern FinTech vs Legacy Financial Services Companies 🤯

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🎚️ The New Episode of Our Podcast is Out Now!!!

🔥 We cover the latest updates and trends in the world of crypto.

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Stay tuned for more episodes to come, where we'll continue to bring you the latest news, trends, and insights from the world of fintech and crypto. See you in the next episode! 🙌

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🔊News discussed in the latest podcast:

⏺Silicon Valley Bank (SVB) was shuttered by the California Department of Financial Protection and Innovation on Friday

⏺Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank

⏺Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB

⏺USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos

⏺Meta Platforms (META), the parent company of Facebook, is working on a decentralized text-based app

⏺NFT Company Palm Teams With Pussy Riot to Foster Activist Art

⏺Starbucks to launch Its First Premium NFTs at $100 a Pop

⏺Coinbase Announces ‘Wallet as a Service

⏺Adidas Profit Drops 83%

⏺Ex-Riot Games Execs Raise $55M for New Studio and Say ‘No Fucking Thanks’ to NFTs

⏺Bank of Scotland offers personalised gambling limits

⏺EU Merchants Could Be Required to Accept Digital Euro

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🎚️ What is a crypto launchpad?

⏺Crypto launchpads bring together the ethos of decentralized ecosystems and the ability of that community to make trustless investments.

The cryptocurrency industry and Web3 have been a hotbed of innovation that has put the community at the forefront. It thrives on the proliferation of decentralized ecosystems, breaking away from central hegemony by various incumbent bodies. The advent of crypto launchpads could be the beginning of a decentralized venture capital model.

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👩🏼‍💻 What are some blockchain projects to spur women globally?

⏺Blockchain projects not only create new jobs and spur female entrepreneurship but also enhance women’s rights and other opportunities depending on the specific use case of the project at hand.

Projects aimed at gender-based violence prevention, financial inclusion, supply chain transparency, land ownership and women’s rights protection are all ideas to support women globally.

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🔝 Top-5 countries leading the blockchain adoption

⏺El Salvador

El Salvador has emerged as a global pioneer in adopting blockchain technology after becoming the first nation to recognize Bitcoin as a legal tender.

⏺Portugal

Portugal has proactively created a favorable environment for blockchain and cryptocurrency startups. The nation has actively used blockchain technology in public services, healthcare and supply chain management.

⏺Singapore

Singapore is a leading country in blockchain adoption, with the government investing heavily in blockchain research and development. Due to its favorable regulatory climate, Singapore has become a hotspot for initial coin offerings with many blockchain businesses choosing to incorporate there.

⏺Malta

Along with Singapore, Malta started to promote blockchain adoption as early as 2017, when it gained a reputation as the “blockchain island” after drafting some industry regulations to speed the growth of blockchain technology.

⏺United Arab Emirates (UAE)

In April 2018, the UAE government launched the Emirates Blockchain Strategy 2021 to become a smart region, with government services and private businesses powered by blockchain for more efficiency.

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⏺Historically, Bitcoin has had an inverse correlation with the U.S. Dollar.

Over the past month, this negative correlation has mostly disappeared amid a wider market rally.

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🔥 Daily Crypto News

⏺Crypto assets to become a separate category in UK tax forms

As the United Kingdom gradually develops its own comprehensive crypto framework, His Majesty’s Treasury is introducing a separate category for crypto assets in tax return forms. The particular line should appear in tax forms in 2024–25.

⏺Swiss Bankers Association proposes deposit tokens to develop digital economy

The Swiss Bankers Association released a white paper on how Swiss banks can support the development of the country’s digital economy. A Swiss franc “joint” deposit token is the solution the group settled on.

⏺European Parliament passes EU digital wallet legislation

The EU-wide framework would give citizens access to public services, and they would have their own wallet. The legislation includes zero-knowledge-proof technology to protect users’ privacy. ZK-proof protects privacy by verifying a position without revealing unnecessary data.

⏺SVB Financial Group files for Chapter 11 bankruptcy

Announcing the news on March 17, SVB said that the funds of its venture capital arm SVB Capital and the broker-dealer SVB Securities, as well as funds of general partner entities are not included in the bankruptcy proceedings. The entities will continue to operate in the ordinary manner while SVB Financial Group proceeds to explore strategic alternatives for its businesses.

⏺Metamask sees swaps volume hit all time high over weekend

Swaps volume on web3 wallet provider Metamask hit an all-time high over the weekend as the fall of top crypto-friendly banks Silvergate and Signature sent shockwaves through the sector. A big part of that was linked to the uncertainty over exactly how those bank closures would play out, Metamask group manager Dan Finlay says on an upcoming episode of The Scoop podcast with Frank Chaparro.

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🇬🇧UK Taxpayers Must Report Crypto Separately, Announces Finance Minister

⏺Changes to the British Self Assessment tax return forms have been announced by finance minister Jeremy Hunt in the annual budget, requiring taxpayers to separately report crypto assets. This is expected to raise an extra 10 million British pounds ($12 million) per year for the public purse and will be introduced for the first time in the tax year that ends in April 2025.

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🤔 What is the future of digital ownership?

⏺The future of digital ownership is likely to be influenced by many factors, including technological advancements, changing consumer behavior and regulatory frameworks.

New ownership models and asset classes will probably emerge due to the continuous development of blockchain technology. As NFTs gain popularity, they might eventually be used for various digital assets, including video games, virtual homes and music.

Also, users can easily transfer ownership of digital assets between various platforms and ecosystems thanks to interoperability standards for digital assets and ownership systems. This could help to create a more unified digital ownership landscape.

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⏺Here’s What Crypto Will Look Like in 2030, According to Coinbase CEO Brian Armstrong

Armstrong says he believes by 2030 central bank digital currency (CBDC) will become more prevalent and he hopes existing stablecoins will act as the CBDC.

“2030. I think we’ll have made substantial progress by then in a number of dimensions. I think blockchains will be more scalable. I think a lot of the usability will be there. You just send it to someone’s DNS [domain name system] name or whatever standard takes off. Payments will arrive instantly for less than a penny anywhere in the world. Those sort of just basic things.”

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🔥News: Chaos Erupts in Paris as Police Battle Protesters Over Macron's Pension Reform, While Wall Street Banks Lose Staggering $100 Billion.

Stay informed about the impending crisis by tuning in to the latest podcast episode. A new phase is set to unfold and you won't want to miss out on crucial updates!

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BANXE team will continue to bring you the latest news, trends, and insights from the world of fintech and crypto. See you in the next episode! 🙌

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🔊News discussed in the latest podcast:

⏺Silicon Valley Bank's Former Parent Company Files for Bankruptcy

⏺Polygon Partners With Salesforce for NFT-Based Loyalty Program

⏺Paris police, protesters clash for third night over Macron's pension reform

⏺More than 186 US banks well-positioned for collapse, SVB analysis reveals

⏺Wall Street banks lose $100B in 2023

⏺UBS is buying Credit Suisse in bid to halt banking crisis

⏺Microsoft reportedly testing Edge browser Web3 wallet integration

⏺Metaverse payment platform Tilia gets strategic investment from J.P. Morgan

⏺Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say

⏺UAE announces crypto freezone

See you in the next episode! 🙌

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