LensLinks: Issue 130

Long-awaited Fed digital payment system to launch in July, brought to you by Regiment LLC

Author

Len Pacek
April 06, 2023

Today in LensLinks:

  • Long-awaited Fed digital payment system to launch in July

  • Crypto Protocol LayerZero Raises $120M at $3B Valuation

  • The Metaverse: A Multi-Decade Opportunity

  • El Salvador removes all taxes related to tech innovation for economic growth

  • Crypto closed the quarter as one the best performing sectors in finance.

  • What is the Role of 5G in Metaverse? A Detailed Guide

  • Meta wants to use generative AI to create ads

  • Bitcoin Is Rallying. But Crypto Traders Are Eyeing Ether as the Real Star.

  • Trading expert warns looming stock market sell-off could bleed into crypto

  • U.S. state regulators call AI trading dApp a ponzi scheme, here’s why

  • And Much, Much, More…

QUOTABLE

❝

“With the launch drawing near, we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service.”

- Ken Montgomery, FedNow program executive and first vice president at the Boston Fed

NOTABLE

Long-awaited Fed digital payment system to launch in July

FedNow creates "a leading-edge payments system that is resilient, adaptive, and accessible," said Richmond Fed President Tom Barkin.

www.cnbc.com/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html

Crypto Protocol LayerZero Raises $120M at $3B Valuation

The valuation is triple the level of the firm's previous funding round in March 2022.

www.coindesk.com/business/2023/04/04/crypto-protocol-layerzero-raises-120m-series-b-at-3b-valuation

Metaverse & Gaming

The Metaverse: A Multi-Decade Opportunity

The metaverse - represented by immersive, shared online virtual worlds - has captured the attention not only of gamers, but also global enterprise across many industries.

seekingalpha.com/article/4592327-the-metaverse-a-multi-decade-opportunity?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Alatest_articles%7Csection_asset%3Alatest_articles%7Cline%3A1

Blockchain, Tokens & DeFi

El Salvador removes all taxes related to tech innovation for economic growth

Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador.

cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/el-salvador-removes-all-taxes-related-to-tech-innovation-for-economic-growth/amp

Crypto Trading

Roy King on LinkedIn: #bitcoin #blockchain #ethereum #fintech #wealthmanagement #solana

Crypto closed the quarter as one the best performing sectors in finance. BTC was a leader, with gains of 70% YTD. In L1 basket, SOL erased most of its…

www.linkedin.com/posts/roy-king-28124413_bitcoin-blockchain-ethereum-activity-7049390844335820800-P_OM?utm_source=share&utm_medium=member_ios

Metaverse & Gaming - a little more…

Disney, Meta and Microsoft cuts hit metaverse hopes

Has the metaverse hype gone into reverse? Is the future of communication and collaboration now just ...

www.avinteractive.com/news/virtual-augmented-mixed/metaverse-hype-comes-crashing-down-amid-job-losses-05-04-2023

What is the Role of 5G in Metaverse? A Detailed Guide

Here is a detailed guide on the role of 5G in Metaverse that uses AR and VR with other novel technologies to bring profound changes in technology.

www.analyticsinsight.net/what-is-the-role-of-5g-in-metaverse-a-detailed-guide

Meta wants to use generative AI to create ads

Major tech organizations are racing to ship generative AI tools. Today, the organization led by Mark Zuckerberg said that it aims to use generative AI in creating ads for different companies by the end of the year. In an interview with Nikkei Asia, Meta's CTO Andrew Bosworth, said the company expects to ship tools to create ads with AI that help a company make different images for different audiences.

www.yahoo.com/entertainment/meta-wants-generative-ai-create-121030125.html

Blockchain, Tokens & DeFi - a little more…

The Graph integrates on-ramp to enable direct fiat payments

The integration utilizes Banxa’s OpenRamp product, allowing fiat payments to interact directly with The Graph’s smart contracts.

www.theblock.co/post/222228/the-graph-integrates-on-ramp-to-enable-direct-fiat-payments

#3 Can Blockchain Defeat the AI Army? (Click here to find out...)

Welcome to Edition #3 of 'This Week in Web3' - an all-in-one source for the most interesting Blockchain, Web3 and Metaverse content on LinkedIn, as curated by me! If you didn't catch some of these awesome posts, here's a quick recap..

bit.ly/3nPDm29

Implications of Open Monetary and Information Networks

Published: April 2023 Recent decades have been characterized primarily by closed systems, both financially and online. The financial system as we know it has been a rather closed system for ages, consisting of various silos. Banks and brokerages operate permissioned ledgers. Opening accounts with institutions is a permissioned activity. Sending assets between institutions is a […]

www.lynalden.com/open-networks

Crypto Trading - a little more…

Bitcoin Is Rallying. But Crypto Traders Are Eyeing Ether as the Real Star.

There is a key upgrade looming for the Ethereum blockchain network. Ether has outperformed, but traders are eyeing possible market disruption.

www.barrons.com/articles/bitcoin-ether-price-crypto-markets-today-cc3f92eb

Trading expert warns looming stock market sell-off could bleed into crypto

Crypto market's advances could be short-lived due to the stock sell-off spillover, according to the expert trader Gareth Soloway.

finbold.com/trading-expert-warns-looming-stock-market-sell-off-could-bleed-into-crypto

Deribit Parent Company Leads $4.4M Seed Funding Round Into Dutch Crypto Exchange Finst

The oversubscribed funding round will be used to expand Finst's range of products drive its international expansion plans.

finance.yahoo.com/news/deribit-parent-company-leads-4-050000073.html

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

U.S. state regulators call AI trading dApp a ponzi scheme, here’s why

Securities regulators from Montana, Texas, and Alabama filed a lawsuit against the cryptocurrency trading website YieldTrust.ai. AI has become much more well-known since the 30 November debut of ChatGPT AI by AI research company OpenAI. The cryptocurrency trading platform YieldTrust.ai is being sued by securities authorities from Montana, Texas, and Alabama for perpetrating a Ponzi […]

ambcrypto.com/u-s-state-regulators-call-ai-trading-dapp-a-ponzi-scheme-heres-why

ESG (Environmental, Social & Governance)

Thematic funds turn to ageing 'megatrend'

The world is currently experiencing a demographic shift with an ageing population and declining fertility rates. This demographic change presents challenges and opportunities for asset managers.

www.investmentweek.co.uk/opinion/4111615/thematic-funds-turn-ageing-megatrend

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.