Crypto Market Overview March 6th | Dex-Trade
Lark Davis Intrigues Corporate Crypto Investors
Celebrated market analyst and YouTuber Lark Davis believes now is the right time to invest in crypto as corporations increasingly buy up digital money. As an example, Davis listed several investment giants, the first of which was the world's largest asset manager Black Rock, which manages about $10 trillion. The company stepped into the crypto game by launching a private Bitcoin spot fund and partnering with Coinbase BTC, according to the analyst. Next to Black Rock on Davis's list is Mastercard, as the company is known to partner with Immersve to allow Web3 wallet holders in Australia and New Zealand to use crypto as payment virtually anywhere Mastercard is accepted. Third on the analyst's list is Visa, which is working with WirexApp to offer crypto card issuance services to US customers. Davies also emphasized that Visa is promoting the product in the Asia-Pacific and UK markets and that the card will be available in more than 40 countries. Speaking of large-scale investments by companies, Davis hints that the influence of digital assets in the global financial system is increasing. Moreover, Bitcoin is on the verge of a major regular event this year, so Davis wrote intriguingly: “Get ready. What follows the 2024 BTC halving will blow people’s minds.”
SBF Wants to Watch Netflix and Read Crypto News
U.S. Attorney Damian Williams has filed a new request to restrict websites and online services that founder and former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF), can use. Williams told the judges that, pending the trial against Sam, which is scheduled for October this year, the defendant should be allowed to do his own legal research online, keep up with world and sports news, shop on Amazon and order food to his home. However, after consulting with the former FTX CEO's legal team, Williams wrote a letter of inquiry to federal judge Lewis Kaplan asking him to whitelist the sites that the SBF would be able to visit on a new, purpose-built laptop: “The list of websites is divided into two categories: websites the defense submits are necessary to the defendant’s participation in the preparation of his defense, and websites the defendant would like to use for other purposes that the Government has determined do not pose a risk of danger to the community.” Thus, the SBF’s “for personal use” list includes sites such as Amazon, the Wall Street Journal and New York Times news platforms, cryptocurrency media, including the well-known Decrypt and CoinDesk, the most popular streaming services Netflix and Spotify, food delivery services DoorDash and Uber Eats, and sports websites MLB.com and NFL.com.
Snoop Dogg Co-Founds Streaming Web3 Service
American rapper, actor, and businessman Snoop Dogg has joined the list of co-founders of a Web3-based live streaming app called Shiller with tech entrepreneur Sam Jones. According to a press release, the app is billed as a "live streaming platform" that aims to combine Web3 technology with real-time streaming content. For the legendary rapper, the current partnership is a continuation of the systemic Web3 entrepreneurship he started back in 2021 at the dawn of the NFT industry. Last April, for example, Snoop Dogg partnered with the sandbox metaverse to launch an NFT collection called “Snoop Avatars” and released the hip-hop single "A Hard Working Man", which was later followed by a 50,000-unit NFT release. And later, the businessman also collaborated with Yuga Labs, the team behind Bored Ape Yacht Club (BAYC) and CryptoPunks. The partnership saw the rapper perform on stage at the MTV Video Music Awards in the company's metaverse. The launch of Shiller appears to be part of a broader movement promoting the creation of a multimedia economy, in which the rapidly expanding Web3 space looks set to play a key role.
