Fintech Confidential

Join Tedd Huff of Fintech Confidential and Bruce Burke of Bullet Point Bulletins as they discuss the latest developments in the world of fintech and web3 technology on this week's episode of the Weekly Wrap-Up of Bullet Point Bulletins.

The FDIC seized control of Silicon Valley Bank and the future seemed very dismal, but following this episode later that evening the Wall Street Journal said the U.S. Treasury, Federal Reserve and the made a joint decision to make good on all deposits made. This was basically decided upon to restore the public’s faith in the banking system in the U.S.

Tedd and Bruce discuss the many implications that surrounded the weekend-long banking crisis. The Feds hands seemed tied in this decision. Not stemming this tsunami would have lead to much deeper and long term problems.

Inflation, mistrust, collapses and cryptocurrency are all playing hell with the economy and financial systems. People are beginning to look to alternatives to keep their hard earned money safe. There are many different aspects of the monetary systems and the startup scene in the valley discussed, but ultimately the government had to save it or else the contagion could have had a huge domino effect across the world - from the 16th largest bank in the United States.

Oh and Bruce and Tedd also talk about the mainstream adoption of NFT’s from both Starbucks customers and a forthcoming announcement expected from Amazon this month about a Digital Marketplace. We also discuss how the new Coinbase Wallet-as-a-Service is also bringing customers easily onboard to apps like Floor, and Token Proof.

It seems there is a lot of simplifying of Web3 standards, but at the same time kind of making them a hybrid Web2.5. At least it’s a step in the right direction. Or is it? Will the interoperability of Web3 ever be realized, it seems each new project has a proprietary blockchain, token or wallet technology of its own.

Will the Web3 ideals be discarded and replaced by Web2 standards - or will the utopian ideals be upheld by the devout and the Web2.5 projects shunned by the true believers in the real Web3?

Also, watch the entire episode on youtube.

https://youtu.be/hF48IJCtk-I

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This is a Production of Diamond D3, Media

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. 

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing...

Join Tedd Huff of Fintech Confidential, and Bruce Burke of #PAY as they discuss the latest developments in the world of fintech and web3 technology on this week's wrap-up of Bullet Point Bulletins stories.

$33 billion fintech giant Revolut reports first-ever annual profit

Gaming engine Unity adds MetaMask functionality among new Web3 tools

Polygon launches decentralized ID product powered by ZK proofs

Snoop Dogg to Launch 'Shiller': The Live Streaming App Where Everything is Shoppable

$33 billion fintech giant Revolut reports first-ever annual profit

• Revolut, a fintech giant, reported its first-ever annual profit in 2021, with revenues of £636.2 million ($767.1 million) and a pre-tax profit of £59.1 million.
• The company's success was due to the growth in subscriptions to its paid packages and overall app usage, along with diligent cost control and a diversified business.
• Revolut expects revenue growth of more than 30% to £850 million in 2022.
• The company competes with other digital banks such as Wise, Monzo, and Starling.
• Revolut has expanded into overseas markets such as the U.S., Brazil, Mexico, and India and has over 25 million users worldwide.
• The company has been pursuing a banking license in the U.K. for the past two years to source more income from lending activity.
• Revolut faced concerns from U.K. regulators over the robustness of its internal financial controls and an aggressive working culture, which led to departures of key regulatory and compliance executives.
• Revolut's crypto business deteriorated sharply, accounting for only 5% to 10% of sales in 2022, down from roughly a third in 2021.
• As a privately held firm, Revolut is not required to share frequent quarterly reports.
• Revolut hopes to obtain its U.K. banking license "very soon" and secure external funding.

Blockchain Founders Fund raises $75M to encourage Web3 mass adoption

• Blockchain Founders Fund has raised $75 million in a fundraising round to support the adoption of Web3 and blockchain technology.
• The fund will focus on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology.
• The fund has already invested in over 100 startups, including Altered State Machine, Splinterlands, GRID, Krayon, and Magna.
• The fund plans to potentially spread its investments across more than 200 companies within the next 12 months.
• The fund will focus on early-stage Web3 companies with strong teams, a demonstrated ability to execute their vision, and a clear, viable business plan that demonstrates a solid understanding of the target market and competitive landscape.
• The Blockchain Founders Fund takes a team-centric approach when evaluating investments to ensure that only well-rounded teams are chosen for funding.
• The fund navigates regulatory uncertainty by staying abreast of emerging trends in blockchain governance as they continue to evolve over time.
• Venture capital investments are shifting toward "non-volatile innovations," including cross-chain bridges, payments and remittances, lending, decentralized autonomous organizations, asset management, and digital identity management.
• Despite a pullback in venture capital spending by investors in Q4 2022, investors are still looking to bankroll blockchain-based technologies, applications, and startups.
• The Blockchain Founders Fund leverages its industry connections, including leading institutions and investors in the space, to help its portfolio companies succeed.

Gaming engine Unity adds MetaMask...

Join Tedd Huff of Fintech Confidential and Bruce Burke of Bullet Point Bulletins as they discuss the latest developments in the world of fintech and web3 technology on this week's episode of the Weekly Wrap-Up of Bullet Point Bulletins.

"Get ready for some fresh and thrilling insights on the FItnech and web3 worlds right here. Top stories for this week.

1️⃣ Regulators Warn Banks - Say No To Crypto FinTech Companies

2️⃣ Mastercard to allow crypto payments in Web3 via USDC settlements

3️⃣ Azra Games, founded by veteran EA game developer, raises $10M for NFT-themed Legions & Legends

4️⃣ Electronic Arts Founder Trip Hawkins Is Now Making NFT Games

5️⃣ Fake ChatGPT Tokens Are Out And About To Victimize People – What You Need To Know 

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This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. 

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.

Diamond D3, Media: A media creation, management, and production company delivering engaging content globally

"Welcome to Web3 with FTC For February 10th by Fintech Confidential, the place where we keep you up-to-date on the latest developments in the world of Web3, Crypto, Blockchain, NFTs, and Fintech.

"Get ready for some fresh and thrilling insights on the crypto and blockchain world right here on Web3 with FTC! No more stale, regurgitated stories. We've got the hottest and newest updates for you."

Top stories for today.

1️⃣ Neal Mohan Wows with NFTs & Metaverse While New YouTube Integrates Web3 Services

2️⃣ Google and Tezos is Making Web3 Easy for Corporate Customers

3️⃣ Huobi Global: Jumping on the Bandwagon in Hong Kong's Race to Become Crypto Hub of Asia

4️⃣ Retail Crypto Trading Spikes After Epic 2022 Debacles: What the BIS Reports

5️⃣ Coinbase's Rollercoaster Year: 4th Q Revenue Smashes Estimates

6️⃣ Illinois Blockchain Bill: Florida Lawyer Calls it 'Most Unworkable' - Drew Hinkes Baffles Senate!

7️⃣ Paxos in Talks with SEC After Misclassification of the Binance Stablecoin

8️⃣ Zambia Joins the Party! - Digital Economies, Cryptocurrencies Get Greenlight!

9️⃣ CTO Resigns After Wildly Unsubstantiated Allegations at Composable Finance

🔟 Solana Spaces: RIP

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Supporters:

Support is provided by Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.

Get the best customer support system for your business. Get Solvpath. Get started by visiting www dot Get Solvpath dot com www.getsolvpath.com

This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. 

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation,...

"Welcome to Web3 with FTC For February 10th by Fintech Confidential, the place where we keep you up-to-date on the latest developments in the world of Web3, Crypto, Blockchain, NFTs, and Fintech.

"Get ready for some fresh and thrilling insights on the crypto and blockchain world right here on Web3 with FTC! No more stale, regurgitated stories. We've got the hottest and newest updates for you."

Top stories for today.

1️⃣ Saudi Aramco to Unlock Revolutionary Blockchain Benefits for Employees!

2️⃣ Gateway.fm Raising $4.6 Million to Democratize Access Now

3️⃣ FTX Japan Resumes Crypto and Fiat Withdrawals!

4️⃣ Cameron Winklevoss: US To Miss Out If It Doesn't Embrace Crypto

5️⃣ Crypto Hedge Fund Galois Capital Collapses After Suffering $40 Million Loss to FTX

6️⃣ Binance in negotiations with US regulators over compliance issues

7️⃣ SEC Wants to "Plant Its Flags" on Crypto - Congress Mulls Who Will Police?

8️⃣ San Francisco Fed has put out an urgent call for a cryptocurrency specialist.

9️⃣ Yuga Labs Gets Roasted on Twitter - BAKC NFT In Tow!

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Supporters:

Support is provided by Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.

Get the best customer support system for your business. Get Solvpath. Get started by visiting www dot Get Solvpath dot com www.getsolvpath.com

This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. 

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.

Diamond D3, Media: A...

"Welcome to Web3 with FTC For February 10th by Fintech Confidential, the place where we keep you up-to-date on the latest developments in the world of Web3, Crypto, Blockchain, NFTs, and Fintech.

"Get ready for some fresh and thrilling insights on the crypto and blockchain world right here on Web3 with FTC! No more stale, regurgitated stories. We've got the hottest and newest updates for you."

Top stories for today.

1️⃣ PayPal taps into Crypto Market with $500M Investment in Bitcoin & Ethereum

2️⃣ Coinbase vs the SEC! Who WILL Win?

3️⃣ Binance Transfers $400 Million From U.S Affiliate's Silvergate Bank

4️⃣ SEC shook Kraken down for $30M

5️⃣ DC For Shooting A Messenger Who Warned of Crypto Debacal

6️⃣ SALT Crypto-Lender Bounces Back with a $64.4 Million Funding Splash!

7️⃣ Celsius Failed to Record transactions Worth Billions Prior to Bankruptcy 

8️⃣ Centre Pompidou Puts NFTs on Display in Spectacular First Exhibition

9️⃣ OPNX Bankruptcy Claim Trading Platform

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Supporters:

Support is provided by Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.

Get the best customer support system for your business. Get Solvpath. Get started by visiting www dot Get Solvpath dot com www.getsolvpath.com

This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. 

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.

Diamond D3, Media: A media creation, management, and production company delivering engaging...

In today's episode, we'll cover a range of topics, from crypto regulations in New Jersey to the launch of Bit 2 Me's new crypto cashback debit card and more.

"Get ready for some fresh and thrilling insights on the crypto and blockchain world right here on Web3 with FTC! No more stale, regurgitated stories. We've got the hottest and newest updates for you."

Top stories for today.

1️⃣ New Jersey Crypto Bill Could Impact Firms in the State

2️⃣ US Missing Crypto Leadership as SEC Clampdown Tightens

3️⃣ Metrics Reveal All! Ordinal NFTs Make Waves on Bitcoin Network

4️⃣ Starbucks Odyssey Holiday Cheer Edition 1 NFTs Sell for Thousands

5️⃣ OpenSea Halts Trading on Rihanna Music NFTs

6️⃣ Coinbase Exec Joins a16z Crypto

7️⃣ Bit2Me's 9% Crypto Cashback Mastercard Debit Card

8️⃣ Mitre Seeks Economist to Analyze Web3 Economy

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Supporters:

Support is provided by Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.

Get the best customer support system for your business. Get Solvpath. Get started by visiting www dot Get Solvpath dot com www.getsolvpath.com

This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. 

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.

Diamond D3, Media: A media creation, management, and production company delivering engaging content globally

"Welcome to Web3 with FTC For February 10th by Fintech Confidential, the place where we keep you up-to-date on the latest developments in the world of Web3, Crypto, Blockchain, NFTs, and Fintech.

"Get ready for some fresh and thrilling insights on the crypto and blockchain world right here on Web3 with FTC! No more stale, regurgitated stories. We've got the hottest and newest updates for you."

Top stories for today.

1️⃣ Paxos in Hot Water with NYDFS and SEC Over BUSD Listing: Will the Stablecoin Giant Survive?

2️⃣ Kraken Settles with SEC for $30M: Are Centralized Exchanges Like Kraken and Coinbase Going Extinct?

3️⃣ LocalBitcoins Bows Out Due to Crypto-Winter, RoboSats and Bisq Provide P2P Alternatives

4️⃣ ReserveBlock's RBX Token Listed on BitMart: Could Eco-Friendly NFTs Be the Future of Crypto?

5️⃣ AI Tokens Outshine Bitcoin: Will the Hype Last or Will Bitcoin Reign Supreme?

6️⃣ Celsius Denied Extension as Cash Burn Continues: Will the Company Survive Chapter 11?

7️⃣ XDC Network Leads the Way in Real-World Decentralized Finance: Enterprise Applications and Trade Finance at the Fore

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Facebook: https://www.facebook.com/fintechconfidential

Supporters:

Support is provided by Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.

Get the best customer support system for your business. Get Solvpath. Get started by visiting www dot Get Solvpath dot com www.getsolvpath.com

This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. 

Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of...

Join Tedd Huff of Fintech Confidential and Bruce Burke of Bullet Point Bulletins as they discuss the latest developments in the world of fintech and web3 technology on this week's episode of the Weekly Wrap-Up of Bullet Point Bulletins.

Tune in to hear about how the SEC has fined Kraken $30M dollars and shutdown staking, along with Coinbase CEO, ,Brian Armstrong sharing that he's hearing rumors about more staking shutdowns, and we’ll also be talking about the Blockchain Association is calling on Congress to stop the SEC from prosecuting these firms.

We’ll also be discussing how Def Jam Recordings is teamed up with WAGMI Beach, and Solana Blockchain's Catalina Whale Mixer and is creating an NFT band "The Sharks", and finally we'll be discussing how Yuga Labs is expanding the Bored Apes Yacht Club Community and bringing in millions with the Dookey Dash NFT Sewer Gaming Passes.

Def Jam & WAGMI Beach create NFT band "The Sharks" from Solana Catalina Whale Mixer

In this roundup, we cover the SEC's recent crackdown on Kraken's staking program and its potential impact on the industry, as well as the Blockchain Association's call for Congress to intervene. Coinbase's CEO has also heard rumors of a potential SEC ban on crypto staking for retail customers. Additionally, Yuga Labs' Dookey Dash game has seen success, and Def Jam Recordings and WAGMI Beach have collaborated to create an NFT band called "The Sharks" from Solana Catalina Whale Mixer.

SEC's crackdown on Kraken's staking program

The SEC's charges and settlement with Kraken over its staking service have sent shockwaves through the industry. The move could result in businesses moving offshore, and staking-as-a-service providers have a high risk of bankruptcy, leaving investors with little recourse.

Blockchain Association calls on Congress to intervene

The SEC's piecemeal enforcement approach and lack of guidance are a concern, and the potential for strict regulation to shut down the staking revenue vertical could affect hundreds of millions in industrywide revenue. Meanwhile, the Blockchain Association is calling out the SEC's actions against Kraken as an ongoing attack on the crypto industry and is calling on Congress to intervene.

Coinbase CEO hears rumors of potential SEC ban on crypto staking

Coinbase's staking program was unaffected, but rumors of an SEC ban on crypto staking for retail customers abound. Coinbase CEO Brian Armstrong has flagged these rumors and believes that staking is an important innovation in crypto, bringing many positive improvements such as scalability, security, and reduced carbon footprints.

Yuga Labs' Dookey Dash game success

Yuga Labs' Dookey Dash game has been successful among the Bored Ape Yacht Club community, and players spent about $2.2 million on in-game power-ups. The company has also teased the next steps of the game, including the "lick the toad" phase.

Def Jam & WAGMI Beach create NFT band "The Sharks" from Solana Catalina Whale Mixer

Finally, Def Jam Recordings and WAGMI Beach have collaborated to create an NFT band called "The Sharks" from Solana Catalina Whale Mixer. The virtual band is expected to be a success, and the Whale NFT holders will help shape the project, and WAGMI Beach is in a position to "tee up these opportunities for our community."

Conclusion:

The SEC's actions against Kraken and potential ban on crypto staking for retail customers have caused concern in the industry, and the Blockchain Association is calling on Congress to intervene. Meanwhile, Yuga Labs' Dookey Dash game has seen success, and Def Jam Recordings and WAGMI Beach have created an NFT band called "The Sharks" from Solana Catalina Whale Mixer. The developments show the growing importance of NFTs and the...

"Welcome to Web3 with FTC For February 10th by Fintech Confidential, the place where we keep you up-to-date on the latest developments in the world of Web3, Crypto, Blockchain, NFTs, and Fintech.

"Get ready for some fresh and thrilling insights on the crypto and blockchain world right here on Web3 with FTC! No more stale, regurgitated stories. We've got the hottest and newest updates for you."

Bitcoin NFTs, but let's face it, they're not as hot as Bitcoin's main gig of being censorship-resistant money. But fear not; Gemini is throwing around $100 million to compensate those who lost their deposits, giving us hope for the future of crypto banking. And if you're tired of the man holding you down, RSTAKING has got your back with its decentralized staking platform offering high rewards and freedom. Plus, the Catawba Indian Nation has created a crypto economic zone where DAOs can finally find true love. Dubai's Virtual Asset Regulatory Authority is cracking down with new regulations, including a ban on privacy coins, but we're sure the crypto community will find a way around it. And finally, Russia's biggest bank is launching its own DeFi platform because if you can't beat 'em, you might as well join 'em, right?

Top stories for today.

1️⃣ The Future of Bitcoin: Boosting Security Budgets with NFTs

2️⃣ Gemini Comes Through with $100M for Genesis Earn Users

3️⃣ Unleash Your Financial Freedom with RSTAKING's High Rewards and Security

4️⃣ Revolutionizing the Crypto World: Native American Tribe Creates Economic Zone

5️⃣ Dubai's VARA Issues New Crypto Regulations - What You Need to Know"

6️⃣ Sperbank Takes on DeFi: A Game-Changing Move for the Future of Banking

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Supporters:

Support is provided by Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.

Get the best customer support system for your business. Get Solvpath. Get started by visiting www dot Get Solvpath dot com www.getsolvpath.com

This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

ABOUT:

Tedd Huff: President & Founder of Diamond D3, a professional services...