ETHDenver is a big success!

Published Mar 6, 2023
By Qredo Team

Qredo’s daily briefing gives you the visibility you need of the ever changing world of crypto to help you make the best decisions and reach your financial goals.

Qredo was at ETHDenver last week and covered the events on our blog. Despite being in the bear market, ETHDenver just ended its most successful run to date. A staffer said that the 600-strong team at ETHDenver scanned over 16,000 tickets this year. A spokesperson also went on to express that there might be smaller satellite events held globally to keep up with the community’s interest in the event.

Yuga Labs, the non-fungible token (NFT) company behind Bored Apes Yacht Club, faced criticism from the crypto community on how it intends to auction its Bitcoin NFTs. Yesterday (March 5) Yuga launched a collection of images inscribed on satoshis, called “TwelveFold.” Yuga Labs’ practice of getting bidders to send their BTC to Yuga when placing a bid with the expectation that they’ll be refunded if the bid was unsuccessful was considered a “scammer’s dream” and criticized by the community for being old-fashioned.

The Pakistan Banks’ Association (PBA) has signed off on a Know Your Customer (KYC) process that’ll be developed on the blockchain. KYC procedure led by the Avanza Group is meant to strengthen the banks’ anti-money laundering measures. The PBA is a group of 31 Pakistani and larger international banks. 

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