FFPB Block Letter #28 - March Edition

FFPB Block Letter #28 - March Edition

The BlockLetter is the newsletter of the French Blockchain Federation (Federation fran?aise des Professionnels de la Blockchain - FFPB). Its goal is to provide uniquely tailored information on Blockchain technology, its market, and the latest news on its regulations.

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Big News

— Empowering Blockchain Projects: FFPB Launches Exclusive Financing Service for Members

The French Blockchain Federation unveils a new financing service exclusively for members, supporting projects at any stage and legal structure. Leveraging its vast network, FFPB connects project leaders with strategic partners and investors to facilitate funding.?

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— Join FFPB at Vivatech 2024: Europe's Premier Tech Event

Get ready for an immersive experience at Vivatech 2024, on May 22-25, 2024!

FFPB, as a proud ambassador for the third consecutive year, invites members to unlock exclusive benefits. Don't miss this opportunity to connect with industry leaders, investors, and tech enthusiasts, and explore the latest innovations shaping the future.

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Regulation

—? EU Launches Probe into Apple, Google, Meta over Violation of Digital Markets Act

The European Commission has initiated an investigation into Apple, Meta, Amazon, and Alphabet — Google's parent company — for potential non-compliance under its Digital Markets Act (DMA).

In a statement issued on March 25, the Commission expressed concerns that the practices of these major tech firms may not fully meet the compliance requirements set by the DMA.

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— What Does Sam Bankman-Fried’s Sentence Mean for the Industry?

Sam Bankman-Fried was sentenced to 25-years in prison for defrauding customers and investors of his now-bankrupt crypto exchange FTX.

The recent ruling shows how the legal system is trying to clamp down on crypto scams. But while the sentencing serves as a warning to the industry, it is uncertain if it will be a watershed moment that cleans up crypto.

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Crypto market overview

— Bitcoin Mining Difficulty Reaches New Historical High as Halving Looms

Bitcoin mining difficulty reached a new historical high of 83.95 trillion hashes on March 14.?

The new difficulty high was set on the same day as a new all-time-high Bitcoin price of $73,835 amid increased investor sentiment ahead of the April Bitcoin halving.

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— Where in Europe are People Investing in Crypto the Most?

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

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Place de Paris

— French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator

Exaion, a subsidiary of France's state-owned energy company EDF, became a network validator for the Chiliz Chain, joining one of the country's leading soccer teams in securing the network that hosts fan token trading for Socios.com as it looks to expand its blockchain efforts into sports and entertainment.

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— Musée d’Orsay Innovates with First-Ever On-Chain NFT Exhibition

The Musée d’Orsay, a beacon of art and culture in Paris, is embracing the future of art with its pioneering venture into the digital realm. The museum’s latest project, “The Convergence of Breath,” introduces the art world to a unique collection of tokenized artwork, marking its first-ever on-chain NFT exhibition.

Learn more?


Fun Fact of the Month?

— 'Som Bonkmon Fraud': SBF Meme Coins Pump 300x, Then Crash After Sentencing

Degens churned up multiple meme coins to piggyback on the news about the disgraced FTX founder Sam Bankman-Fried, which in some cases surged over 30,000% in value before plummeting back to worthlessness.

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Technology Survey?

— Vitalik Buterin: Ethereum Ecosystem Needs a Major Mindset Shift for Global Impact?

Ethereum co-founder Vitalik Buterin is calling for a mindset shift toward building layer-2 (L2) decentralized applications and solutions following the successful completion of the Dencun hard fork.

Speaking at the ETH Global’s Pragma London event on March 14, Buterin hailed the completion of the network upgrade, which enables L2 rollups to achieve scale by reducing the costs associated with submitting cryptographic proofs to Ethereum’s base layer.

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— How Will Society Combat the Rising Tide of AI Misinformation in 2024?

Hillary Clinton delivered a stern warning during a crucial talk at Columbia University: 2024 will be the “ground zero” for AI election manipulation due to the combination of historically high levels of worldwide election activity with the spread of cutting-edge generative AI technology facilitating AI misinformation.

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Business Case of the Month

— Elon Musk Offers Users Free Premium Features on X

Elon Musk will no longer charge influential accounts on X for certain premium features as long as they meet certain conditions. However, those conditions also appear achievable for accounts involved in cryptocurrency scams.

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The Block Letter

  • Learn how Blockchain adoption grows in France and in Europe
  • Discover the upcoming opportunities that can help your business
  • Find Blockchain professionals you need

All the Best, FFPB


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