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Join Our Telegram channel to stay up to date on breaking news coverage NBA legend Earvin “Magic” Johnson has filed new trademark applications for his name “Magic Johnson” and “Building Magic Together.” The former NBA superstar plans to launch assorted virtual assets with these brands. Magic Johnson Enters The Metaverse In a March 21 blog post, Mike Kondoudis, an intellectual property (IP) accredited attorney, confirmed that Magic Johnson filed trademark applications with United States Patents and Trademark Office related to non-fungible tokens and metaverse on March 16, 2023. Is #MagicJohnson coming to the Metaverse? The #NBA legend has filed trademarks for his name and "Building. Magic. Together." claiming plans for ▶️Virtual clothing, footwear, sports gear ▶️Stores for virtual goods ▶️NFT-backed media + Metaverse software#NFTs #Metaverse #Web3 pic.twitter.com/GQkD97t2SQ — Mike Kondoudis (@K...

Author: @0xMavWisdom The CyberConnect and BNB Chain Web3 Social Hackathon recently announced the final 23 winning teams, with Oasis Origin, a metaverse social app based on the CyberConnect ecosystem, taking the top prize in the competition. Oasis officially says that it has more than 10 million registered users from more than 130 countries and is available on mobile, VR and web. Oasis Origin is the on-chain version of Oasis, where users can build Web3 social connections. Every user who accesses Oasis Origin through Connected Wallet and completes registration will receive a free and exclusive SBT, and their personal on-chain friendships will be automatically integrated into Oasis Origin through CyberConnect. Combining both stranger and acquaintance socialization In traditional social media platforms, users are unable to get to know each other through visual observation when using a stranger social platform; as social relationships mature, acquaintances may be limited in social scenarios...

Join Our Telegram channel to stay up to date on breaking news coverage C+Charge is leveraging the opportunity presented by the promise conveyed within the electric vehicle (EV) space today. This is thanks to factors such as the growing adoption and advancements in the sector’s charging infrastructure. The PwC predicts a surge in the electric vehicle market in the United States. Moreover, the research notes that there should be up to 27 million electric vehicles by 2030, and around 65 million more by 2040. With these statistics, a significant increase in charging infrastructure is crucial. What can the #EV community await in 2023? 💪The explosion in EV mass-production 🚀More sales and models from top automakers 📱Software technologies integration ⚡The rise in EV fleets and charging infrastructure Join our #presale now!⬇️https://t.co/ixe18bPqzI pic.twitter.com/L1E3JQglHF — C+Charge (@C_Charge_Token) March 19, 2023 Furtherm...

Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends score of 100. The related topics pertain to the financial troubles of Silicon Valley Bank, Signature Bank, and First Republic Bank. Google Trends Shows Global Interest in U.S. Banking Crisis Spiked Last Week Google Trends data reveals a significant increase in public interest in the U.S. banking crisis, with searches skyrocketing. A search using the term “banking crisis” shows that people are asking Google various related questions, including “What happens to my money if banks collapse?,” “What are the negative effects of a banking crisis?,” and “Which U.S. banks have collapsed?...

DeFi suffered its biggest attack this year with a flash loan attack on crypto lending platform Euler Finance and the hackers are belived to be same that exploited a BSC based protocol in February. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The DeFi ecosystem was once again an exploiter’s paradise this past week as lending protocol Euler Finance fell victim to a flash loan attack resulting in a net loss of over $196 million — the biggest hack of 2023 so far. Apart from the Euler Finance saga, USD Coin (USDC) depegging was the most significant event dominating last week’s headlines. Due to the collapse of Silicon Valley Bank, investors loaded their bags with USDC, along with an exodus of funds from centralized exchanges (CEXs) and decentralized exchanges (DEXs). MakerDAO introduced an emergency proposal to increase its holdings of United States Treasur...

Join Our Telegram channel to stay up to date on breaking news coverage It is like everyone in the crypto space, who once sought to exploit the decentralized nature of crypto, and the good nature of the crypto community is getting their dues. Guo Wengui, an exiled Chinese business known for his association with Steve Bannon and alleged for perpetrating a slew of schemes that defrauded retail investors out of $1.4 billion, was arrested in New York last night. Guo Wengui Loses Penthouse Shortly After the Arrest – The Fiery Way Shortly after his arrest, news came through that his high-class penthouse, located in the Upper East Side of Manhattan, had caught fire. The apartment burned for the whole two hours before firemen could calm the blaze. The Federal Bureau of Investigation (FBI) suspects foul play and has started investigating the fire. Many believe that the arrest had to do something with that. Some speculate that it was to “get even,” and others suspect th...

Solana-based NFT marketplace, Formfunction recently announced that it will no longer continue to operate and it will officially shut down on Wednesday, March 29. The official Twitter announcement read, “ This was an extremely difficult decision; however, after much discussion and careful consideration, we’ve come to the conclusion that we cannot continue to operate Formfunction. “ Furthermore, the Formfunction team will be “making it easy” to export a hashlist of all NFTs users have created. That will help creators continue to display and sell their collectibles on other platforms. However, all existing pieces have to be “de-listed” before the shutdown date. Be sure to de-list your existing pieces before March 29th, so that you'll be able to easily list again elsewhere. — Formfunction (@formfunction) March 15, 2023 It is worth recalling that the platform raised a $4.7 million seed round in March last year. That was led by VC firm Variant Fund and had contributions ...

FactorDAO’s Roundtable Index early access has been released. The FactorDAO platform prioritizes precision over haste, and they are proud to announce that they have now reached their first milestone with the upcoming launch of their first vault.  In addition, FactorDAO has over 15 partner vaults currently in its pipeline. They are looking forward to unveiling a collection of unique and innovative offerings that cannot be found elsewhere. FactorDAO infrastructure is facilitating the integration of the largest protocols on Arbitrum and leveraging their solutions in unprecedented ways. It allows them to bring totally unique strategies and vault products to the market that are unavailable anywhere else throughout the world of DeFi. What is The Roundtable Index? The Roundtable index is an early-access vault designed to demonstrate the core functionalities of Factor and to give exposure to the most prominent assets from Camelot’s Roundtable protocols. Camelot is an Arbitrum native DEX an...

The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia. The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 billion wipe out in the Terra ecosystem last May. Two agencies within the department — the Federal Bureau of Investigation (FBI) and Southern District of New York (SDNY) have interrogated former staff at Terraform Labs in recent weeks, according to a Mar. 13 report by the Wall Street Journal (WSJ). The probe covers similar ground to a lawsuit filed against Terraform Labs and its founder Do Kwon by the U.S. Securities Exchange Commission on Feb. 16, according to people familiar with the matter. Among topics that investigators have asked about was the relationship between Chai, a South Korean-based payment platform and the Terra blockchain on which USTC operated. The SEC alleged in its filing alleged that Kwo...

VeChain , Cardano , and Hex are among the top-gaining cryptocurrencies on Monday, March 13. The spike comes after Bitcoin and Ethereum both rose 10% climbing above $22,000 and $1,600, respectively. VET , ADA , and Hex traded on the back foot in March but experienced a price spurt as the cryptocurrency markets witnessed a slight recovery. However, will the sudden price rise be sustained, or will VeChain , Cardano , and Hex dip in the next 24 hours? Let’s find out! Also Read: Did The Simpsons Predict Silicon Valley Bank Collapse in 1994? Source: CoinGecko.com Why Is Cardano, Hex, & VeChain Rising Today? source: diffcoin.com Bitcoin and Ethereum dipped during the weekend after the Silicon Valley Bank struggled to stay afloat. However, the US government intervened on the issue as the Feds announced a range of measures to stabilize the banking system. Most importantly, U.S. Treasury Janet Yellen announced that SVB customers will have access to their deposits when ...

Silicon Valley Bank and the stablecoin issuer circle have been all over the headlines over the weekend. The shutdown of the bank, followed by the revelation of $3.3 billion in cash in the Silicon Valley bank by Circle, definitely raised some concerns. Following this, the USDC lost its peg and fell to $0.8774 before climbing up to its current price of $0.9796. Cryptocurrency exchanges including Coinbase, Binance, and Robinhood took the necessary measures following the event. Also read: Binance’s CZ Speculates a Coordinated Effort to Shut Down Crypto-Friendly Banks is in Play Circle has finally broken the silence amidst the ongoing drama and addressed its commitment to cover any missing liquidity. JUST IN: Circle $USDC says it will cover any missing liquidity in Silicon Valley Bank using corporate funds. — Watcher.Guru (@WatcherGuru) March 11, 2023 Circle will cover the shortfall from Silicon Valley Bank scenario Stablecoin issuer Circle has announced an u...

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for Depositors With Accounts Exceeding $250K On Friday, U.S. regulators closed Silicon Valley Bank (SVB) following a significant drop in the firm’s stock value and reports of a bank run on deposits. SVB’s shares were halted on Nasdaq, and rumors began to spread that the bank was seeking a buyer. Shortly thereafter, the California Department of Financial Protection and Innovation and the FDIC shut SVB down. The FDIC announced that federally insured depositors, up to $250,000, can withdraw their funds on Monday. It is uncertain how the bank will handle larger deposits. “At the time o...