BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Guides

The Daily Dip – The Latest News Revolving Around Cryptocurrency, Technology, and Macro Markets 

BlockNews Team by BlockNews Team
November 15, 2022
in Guides, Media, Opinion
Reading Time: 5 mins read
A A
The Daily Dip Nov 15th 2022
4
SHARES
62
VIEWS
Share on TwitterShare on Reddit

Disclaimer: The following publication will review current market sentiment and activity using data from various analytical sources. Points made within this article are my thoughts and opinions and are in no way financial advice.

You might also like

Nigeria Now Enabled to Make Direct Crypto Purchases Through MetaMask

FTX Is Looking To Recover $460M From A Venture Capital Supported By Bankman-Fried’s Alameda Research

OpenZeppelin Reveals Top 10 Blockchain Hacking Techniques in 2022

Today’s Topics

– Nike Launches Web3 Experience on Polygon

– Banks & New York Fed Start 12-week Digital Dollar Pilot

– Elon Fires Employee on Twitter

Nike Launches Web3 Experience on Polygon

Polygon has dominated the game over the last few months, as it has secured partnerships with companies like Starbucks and Reddit and has even been used for trading by institutions such as JP Morgan. However, it doesn’t stop there, as Polygon has announced they are Nike’s blockchain of choice for building their newest web3 experience. SWOOSH.

JUST DO IT!!!!! @Nike has exclusively chosen @0xPolygon as the blockchain for building their web3 experiences.

If there's one clear thing, everyone is building on Polygon.

We will continue to bring web3 to the masses.

Heads down. Build. Don't just do it, do it again. 🐻🛠️ https://t.co/Le78Zr7Rno pic.twitter.com/vXgTNPOLrS

— Ryan Wyatt (@Fwiz) November 14, 2022
Via @Fwiz – Twitter

On the .SWOOSH platform, participants can buy, trade, and showcase physical and virtual products, access exclusive events and products, and even co-create products. If you think you got what it takes, there will be community competitions where you can earn royalties for the virtual products you create!

“.SWOOSH is the home for all of Nike’s virtual creations. Nike virtual creations are typically interactive digital objects (think virtual shoes or jerseys) that can be worn as wearables in video games or other immersive experiences (we’ll be announcing which ones soon).” Nike

The platform is currently unavailable to the public and is in beta until launch on Friday, November 18th. Beta access is closed at the time of writing, so there is little to do for the general public until it goes live later this week. However, you can still check out their website’s homepage and blog, where they explain their vision for the platform in depth. There are currently two blog posts at the time of writing, with the most recent one being posted earlier today. 

Banks & New York Fed Start 12-week Digital Dollar Pilot

The conversation of a Digital Dollar has been a hot topic amongst politicians, regulators, and crypto enthusiasts over the last few months. For example, US Secretary of Treasury Janet Yellen has clarified that she favors the idea due to the holes it could fill in the current monetary system. However, there are those like the Governor of the Federal Reserve, Christopher J. Waller, who are more skeptical and believe that the implication of something like a digital dollar is minimal and not worth the trouble of developing at the moment.

As the US continues to contemplate whether or not a CBDC/Digital Dollar is worth the trouble, other countries/governments worldwide have already launched their digital currency or are currently in the piloting stage. The following are a few examples according to Atlantic Council: 

  • Russia
  • China
  • Sweden
  • Saudi Arabia
  • Thailand
  • Etc.

With this in mind, especially with the current state of the minority system in the US, it seems steps towards a Digital Dollar are being made slowly but surely, as Citigroup, HSBC Holdings, Mastercard, WellsFargo, and the New York Fed have started a start 12-week digital dollar pilot, says Reuters

Banking giants and New York Fed start 12-week digital dollar pilot https://t.co/eJt4j3afBE pic.twitter.com/XZH6dltRVy

— Reuters (@Reuters) November 15, 2022
Via @Reuters – Twitter

At the moment, all we know about the pilot is who will be involved and that the test will be conducted in a test environment with simulated data, as explained by the New York Fed. As more information makes itself known, I’ll keep you posted!

Elon Fires Employee on Twitter

For context, over the weekend, there was some spicy Twitter beef going on between newly appointed Twitter owner Elon Musk and, at the time, 6-year Twitter employee Eric Frohnhoefer, 

It all started when Elon Musk released the following tweet apologizing for Twitter’s performance due to “poorly batched RPCs.”

Btw, I’d like to apologize for Twitter being super slow in many countries. App is doing >1000 poorly batched RPCs just to render a home timeline!

— Elon Musk (@elonmusk) November 13, 2022
Via @elonmusk – Twitter

This led to Eric Frohnhoefer publicly correcting his newly appointed boss through the following tweet. As you can see, this tweet caught fire and even caught the attention of Elon Musk himself.

I have spent ~6yrs working on Twitter for Android and can say this is wrong. https://t.co/sh30ZxpD0N

— Eric Frohnhoefer @ 🏡 (@EricFrohnhoefer) November 13, 2022
Via @EricFrohnhoefer – Twitter

Eric came with the heat, as he supported his argument with fairly constructive points and even gave a potential direction for fixing the problem, as shown in the following string of tweets. In the end, this only added fuel to the flame, as a day or so later, Elon publicly stated in a Twitter comment that Eric had been fired. The following is the tweet snapshot, as the original tweet has since been deleted. R.I.P.

Tags: cryptoCrypto NewsThe Daily Dip
Tweet1ShareShare2

Recommended For You

Nigeria Now Enabled to Make Direct Crypto Purchases Through MetaMask

by BlockNews Team
March 24, 2023
0
metamask

Nigerians can now buy crypto using MetaMask instead of centralized exchanges Crypto fintech MoonPay merged with ConsenSys to allow users to buy cryptocurrencies through direct bank transfers Nigeria...

Read more

FTX Is Looking To Recover $460M From A Venture Capital Supported By Bankman-Fried’s Alameda Research

by BlockNews Team
March 24, 2023
0
ftx

FTX files for return of $460 million investment funds made to venture capital firm by Sam Bankman-Fried through Alameda Research. When he invested, Sam Bankman-Fried was allegedly in...

Read more

OpenZeppelin Reveals Top 10 Blockchain Hacking Techniques in 2022

by BlockNews Team
March 23, 2023
0
OpenZeppelin

OpenZeppelin's top 10 hacking methods of 2022 serve as a sobering reminder of the value of cybersecurity and the need for ongoing research to make blockchain systems more...

Read more

Links DAO To Buy Scottish Golf Course For $1M

by BlockNews Team
March 23, 2023
0
Links DAO

Links DAO has won the bid to  buy a Scottish golf course for close to $1 million. This follows a landslide community vote in favor of the purchase...

Read more

Crypto Wallet, ZenGo, Announces Its Discovery Of Security Vulnerabilities In Popular DApps

by BlockNews Team
March 23, 2023
0
zengo

ZenGo reveals security risks in many Web3 vendors. The crypto wallet is awarded bug bounties and grants. Called a "red pill attack," it can steal user assets. ZenGo...

Read more
Next Post
Bitrue-Logo

Bitrue Confirms It Holds 41 Million XRP As Insurance Funds

Related News

wall street

The Future of Crypto isn’t with Wall Street

January 28, 2023
Biden-Joe

The Biden Administration Releases Long-awaited Crypto Regulation Framework

September 19, 2022
Ohio-Flag-Bitcoin-Logo

Ohio Cuts the Ribbon for A New Bitcoin Mining Site

September 22, 2022

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Binance Space ID Tokens Launchpad Secures BNB Commitments Worth $2.8 Billion March 24, 2023
  • Coinbase Argues Software Services Are Not Securities: A Case Against the SEC March 24, 2023
  • Nigeria Now Enabled to Make Direct Crypto Purchases Through MetaMask March 24, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?