Crypto California Club

2023-12-11 14:08:40 Louis Vuitton’s Soulbound Luxury NFTs, Apple’s Expensive Vision

This week, Louis Vuitton announced a new collection of physical-backed NFTs linked to exclusive products and experiences. The pricey tokens are soulbound and cannot be sold once purchased.

Meanwhile, Apple announced its new Vision Pro headset with a hefty price tag and not a single use of the word metaverse. Plus, NFT lending platforms are on the rise, but who really stands to benefit from this practice?

C’est bon, Louis Vuitton: French luxury fashion house Louis Vuitton will soon release a new collection of physical-backed NFTs called Via Treasure Trunks, which will be linked to exclusive experiences and products down the line.

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2023-12-08 15:02:28 Blockchain Security Firm CertiK Reveals Vulnerability in Worldcoin Protocol Allowing Unverified Orb Operator Access

Blockchain security firm CertiK has disclosed a vulnerability in the Worldcoin protocol that allowed unauthorized access for an Orb operator.

In a recent Twitter thread, CertiK explained that the vulnerability allowed anyone to bypass the verification requirements to become an Orb operator without meeting the necessary criteria, such as being a legitimate company or passing a vetting interview.

"Through this security vulnerability, a malicious attacker could bypass the verification and strict participation criteria of the Worldcoin Operator acceptance process," the company wrote.

The usual process allows only legitimate businesses that pass strict identification verification to run an Orb operation, which collects users' iris information.

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2023-12-07 11:48:28 Jinan, China: All Our Buses Accept Digital Yuan – And CBDC Customers Get Discounts

Jinan, China, says all of its bus routes now accept digital yuan pay, and will incentivize adoption by granting discounts to central bank digital currency (CBDC)-paying passengers.

Per the news outlet Shunwang-Jinan Daily (via e23), the city said that all of its bus routes’ software and card readers had been updated to allow all buses to accept payments in the Chinese CBDC.

Jinan is the capital of Shandong, a province in Eastern China, and has a population of over 9.2 million. The city had initially piloted digital yuan payments on two of its busiest bus lines, B52 and BRT5.

But after the success of these pilots, the city has decided to deploy digital yuan pay options across its entire bus network. And in a bid to boost adoption, Jinan has announced that passengers can receive discounts if they pay on buses using the CBDC.

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2023-12-06 17:31:37 9 Asian Countries Discuss De-Dollarization Measures in Meeting Hosted by Iran

Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage.

In addition to the officials from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, Russia’s central bank governor and officials from Belarus and Afghanistan also attended the meeting.

Commenting on the role of the U.S. dollar in the world economy and a growing number of countries shifting away from using the USD in trade settlement.

Mokhber noted that over the past few decades, the “Weaponization of the dollar” has compelled countries to distance themselves from reliance on the USD in order to mitigate the potential impact of possible future sanctions.

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2023-12-05 19:30:35 Former Israeli Military Intel Personnel Launch New Crypto Firm Blockaid with $33 Million in Funding

Web3 security company Blockaid said it has emerged from stealth with $33 million in funding to protect users from fraud, phishing, and hacks.

The company, founded in September 2022, concluded its series A funding round, bringing the total raised to $33 million, led by Ribbit Capital and Variant, with participation from Cyberstarts, Sequoia Capital, and Greylock Partners, it said.

Blockaid plans to use the funds to fuel the company's growth and scale the product, customer base, and team.

Per the press release:
"In under a year, Blockaid has not only secured a recent funding boost but has also come out of stealth, revealing some of its inaugural customers: Metamask, Opensea, Rainbow, and Zerion — with more to be announced soon."

Their common goal is to protect millions of users from malicious transactions before they occur. Blockaid enables users to trust using wallets, decentralized applications (dapps), and smart contracts by preemptively validating all transactions, it said.

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2023-12-04 20:21:26 ATTENTION

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2023-12-04 17:47:06 Sorare: latest news about NBA NFTs

Recently Sorare launched Fantasy Basketball and signed a partnership with NBA and NBPA for American basketball fans.

So, after entering the world of football and baseball, it has now arrived in the world of basketball with its digital trading cards.

Below are some of the latest news from the famous gaming platform and some of the most popular cards.

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2023-12-04 11:39:05 Stablecoin Bill's Failure Reflects Deepening Political Divide in Crypto

The passing of a much-discussed stablecoin bill last week in the House Financial Services Committee revealed just how deep the political divide in Washington has become, a recent Fortune Crypto newsletter said.

The bill, which was close to getting bipartisan support after negotiations between Republicans and Democrats earlier this year, was eventually passed in the committee with the votes of Republican representatives plus five Democrats.

Reporting on the passing of the bill, Fortune Crypto’s Leo Schwatz wrote in his latest newsletter that the bill, despite being passed by the Committee, is still seen as “a failure” due to the breakdown in cooperation between Republicans and Democrats.

“It’s hard to see the stablecoin bill as anything but a failure,” Schwatz wrote, while pointing out that the Democratic representative Maxine Waters and Republican representative Patrick McHenry were close to reaching a deal on the bill last year.

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