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What Are Crypto Banks & Why Are They Important For Mass Adoption?

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To date, cryptocurrency exchanges are the primary (if not the only) way for people to convert fiat currency into cryptocurrency, or vice versa, but with the rise of crypto banks this may change. The skills required for owning and managing a crypto wallet overburden many users with risk and responsibility, but crypto banks could solve this user experience issue. The biggest problem is that crypto regulations cannot agree on is which asset class cryptocurrencies belong to.

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The United States SEC has been the most aggressive, often asserting that most cryptocurrencies, including dollar-backed stablecoins, are actually securities and need to be registered and sold on regulated securities exchanges. Meanwhile, the CFTC treats cryptocurrencies as commodities until proven otherwise, and has a far more lax approach. The ongoing war of regulatory uncertainty increases the gap between the DeFi, CeFi, and TradFi sectors, and crypto exchanges are still the only way to convert between fiat currency and cryptocurrency. To date, existing institutions are hesitant to adopt blockchain and digital assets due to the ambiguity.

This is where crypto banks could be useful. As CoinTelegraph explains, crypto banks are legally chartered banks that offer digital asset services. While (TradFi) banks are often hostile to crypto, ‘crypto banks’ offer cryptocurrency custody, purchasing, and on-chain withdrawal/deposit services, combining a bank-controlled crypto wallet with a traditional bank account. Because customer accounts are linked to a crypto wallet, crypto banks could potentially offer Decentralized Finance (DeFi) services for their customers, providing an edge over TradFi banks, but regulations are still unclear. The ability to use blockchain assets within a banking app alongside off-chain fiat currencies would bypass the need for a crypto exchange account, improving the end user’s experience and allowing users to receive stablecoin payments and transfers.


Blockchain Is Hard, But Banking Is Easy

The biggest hurdle to mass-adoption for Web3, except privacy issues, is the convoluted and risky user experience. Currently, all users must own an account with a crypto exchange, and they must know how to navigate the app to buy/sell crypto. Withdrawing or transferring crypto ‘on-chain’ in any context is risky, as there are no protections for sending crypto to the wrong address. When creating a crypto wallet, users must write down a randomly generated 12-24 English word ‘seed phrase,’ without which they cannot recover their wallet if anything happens to their device. Users must also manage blockchain gas fees and gas fee timing, or risk overpaying for a simple transaction, alongside watching out for signs of scams, hacks, and phishing attempts. Responsibility is very high for users who want to be their own banks, and the complexity of using blockchain technology increases the risk of mistakes, making adoption improbable for most people.

What many people in crypto don’t understand is that most people do not care about being their own bank enough to overcome the learning curve for self-custody. Many Web3 decentralized applications (dApps) are useful and interesting, and would likely find a decent Web2 user base if they were accessible from a bank account, or from an app connected to one. For now, the ability to buy, sell, withdraw, and deposit crypto and stablecoins from a single bank account is a huge step forward, and that is what crypto banks are bringing to the table. While it does not improve self-custody experience, it does remove crypto exchanges from the picture, which vastly reduces the complexity of sending money from a bank account to a personal crypto wallet, or vice versa.

A crypto bank is a legally chartered bank that offers cryptocurrency trading, withdrawals, and deposits alongside regulated banking services, which can vastly improve the overall user experience while offering the same security and protections that banks provide. While many TradFi banks are cold or openly hostile to crypto, crypto banks founded upon cryptocurrency and blockchain are blazing a new trail for the next generation of institutions, and will play a key role in the coming Web3 internet revolution.

Source: CoinTelegraph

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Bobby focuses on creating higher margins while investing in society. He believes that our World has room for improvement, and one of his goals is to be part of the evolutionary process. What makes him successful is the collaboration with founders and partners. Bobby has a successful track record in envisioning and creating deals and opportunities from scratch in various industries.

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Tony Khan Isn’t Releasing AEW Wrestlers After WWE’s Power Play

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News continues to swirl about different wrestlers wanting to be released from their AEW contracts. Tony Khan reportedly won’t be letting anyone go.


Tony Khan and AEW have had a challenging summer, which has led to some wrestlers reportedly wanting out of their contracts with the company. A recent report indicates that All Elite Wrestling doesn’t intend to release performers from their contracts early and has made that clear. It’s a hardline stance by Khan, but probably a line in the sand that should have been drawn sooner.


Based on at least one source, it’s clear that WWE attempted to raid some of AEW’s contracted wrestlers. Khan alluded to this during the post-All Out media scrum, indicating that he wasn’t happy with how the company has approached AEW since Triple H took over in late July. The co-founder and owner of All Elite Wrestling told gathered reporters that he wasn’t going to “sit back and take this f***ing s***.” He vowed to take the fight to WWE when the time came, and this new mandate might be the first step towards backing those statements up.

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Speaking about Khan’s reaction to AEW wrestlers demanding their releases, Dave Meltzer had this to say on Wrestling Observer Radio: “Nobody’s getting released. That’s the doctrine. Tony Khan made that very clear, I guess, in the last couple of days.” Meltzer continued, stating that “[the WWE] really came after [Tony], it’s pretty blatant. [WWE] came after so many of the guys. Basically, everyone that had a previous relationship with Triple H was contacted.”

It had been rumored that WWE had made overtures to The Young Bucks, but Meltzer makes it sound like anyone who’s worked for Triple H was contacted. That’s a large chunk of AEW’s roster, including some of the biggest names, including Malakhai Black, Adam Cole, FTR, and Swerve In Our Glory. Khan didn’t take too kindly to WWE’s power play and let it be known that he won’t void any contracts moving forward. It’s worth noting that plenty of misinformation has been spread about certain wrestlers asking for and being granted their release.

Black recently appeared on Instagram to clarify why he’d stepped away from AEW and firmly stated that he’d be back with the company soon. There was also a rumor that Bobby Fish tried to lure Cole and Kyle O’Reilly back to WWE following his release, but everyone involved denied those claims. Miro is another former WWE star who had to clear the air following rumors about his being unhappy circulated as well. None of the “reports” or rumblings about AEW stars bailing for WWE have proven true since Triple H took over. It’s essential to take news with a grain of salt, especially when so many people on both sides of the fence have things to gain by spreading misinformation. Tony Khan has made his stance clear on releasing his wrestlers and won’t be letting AEW talent walk back to WWE easily.

Source: Wrestling Observer Radio

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‘It’s a Choice to Be Optimistic’: Hillary Clinton, Oprah Winfrey, Elizabeth Olsen Light Up Variety’s Power of Women 2022

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If it’s possible to pull off solemn conversations about the stakes for women around the world and also have a fantastic party that toasts their remarkable achievements, Variety did just that on Wednesday in Beverly Hills.

In a sprawling takeover of the Wallis Annenberg Center for the Performing Arts, heavy-hitting executives, producers, writers, talent and glitterati convened to celebrate the annual event and magazine feature.

Cover stars Hillary and Chelsea Clinton, Oprah Winfrey and Ava DuVernay, activist icon Malala Yousafzai, and actor Elizabeth Olsen were all in attendance to speak on behalf of causes important to each of them — as well as lighting a path forward to equity in a time of unrest for women and other marginalized communities in the U.S.. 

“It’s a choice to be optimistic,” Hilary Clinton told the crowd, addressing the striking down of the landmark American abortion legislation Roe v. Wade, the safety of women in Iran and a list of other fragile rights. “My late friend and predecessor as secretary of state, Madeline Albright, was once asked if she was an optimist. She said, ‘Yes. I’m an optimist who worries a lot.’ Let’s be optimistic but take our worry and channel it into action.’”

Her daughter, Chelsea Clinton, voiced a stronger sentiment, saying she was “full of palpable rage as I look at my daughter and realize she could have fewer rights than I did” growing up as a young woman.

“As we gather here, many of us truly never thought we would see abortion legally banned in certain states … in our lifetime. That changed in July. I truly believe the power to reverse that wrong lies as much with this crowd as it does in the halls of Congress,” said Cynthia Littleton, Variety co-editor-in-chief, during her opening remarks with Variety CEO and group publisher Michelle Sobrino-Stearns.

Sandra Oh, Quinta Brunson, Diane Guerrero, “Do Revenge” director Jennifer Kaytin Robinson, “Dahmer” breakout Niecy Nash-Betts, Tia Mowry, Kathryn Hahn and many more notable attendees mingled over cocktails at the Cadillac-sponsored event, prior to the dinner program.

Executive power in attendance included Warner Bros. Television Studios CEO Channing Dungey, Warner Bros. film co-chief Pamela Abdy, Amazon film head Julie Rapaport, CAA superagent Maha Dahkil, power attorney Ivy Kagan Bierman, Huma Abedin, Disney Branded Television president Ayo Davis, DreamWorks president Margie Cohn and vice-president Courtenay Palaski, Paramount Television president Nicole Clemens, and Principal Communications and Foresight Solutions Group managing partners Melissa Zukerman.

Meg Stalter, of “Hacks” fame, hosted the evening and began her remarks with a resounding, “Hi, girlies!” Channeling her distinct and beloved brand of awkward humor, Stalter spoke of loving the way she looks, “but I love the way I make people feel more.”

Olsen, of Marvel’s “Doctor Strange in the Multiverse of Madness,” was honored for her work with The Rape Foundation and Stuart House (the latter is a well-known Los Angeles resource for children who are victims of sexual abuse). She used the platform to celebrate the group’s leader, Gail Abarbanel. Olsen thanked the room for the space to share how Abarbanel has cared for victims and shaped perceptions through “policy reforms, educational reforms in our police force and in homes and communities.”

Honoree and Latino Community Foundation head Jacqueline Martinez Garcel made a particularly poignant speech where she encouraged the people of the communities surrounding the mecca of Los Angeles to become entrepreneurs and leaders. In a spontaneous moment, she bid the whole room to give thanks to “the workers who have served this food for us tonight.”

Yousafzai, in her new role as a content producer, delivered a hard dose of truth about diversity in front of and behind the camera.

“Asian people like me make up less than 4% of leads in Hollywood,” she said of actors. “Muslims are 25% of the population but only 1% of characters in popular TV series. Behind the camera, the statistics for Black and Brown creators are even worse.”

DuVernay and Winfrey gave a rousing spotlight to the 42 female directors, many of them first-timers, behind the OWN original series “Queen Sugar.” DuVernay brought the audience to fever pitch listing off the dozens of high-wattage shows these women have gone on to direct since getting a start. Oprah brought the evening home with wise words from her friend and mentor Maya Angelou.

“I told Maya that my school, which had just opened, was going to be my legacy. She said, ‘your legacy is never one thing. It’s everything you touch.’ Tonight I think of every life and story we touch,” Winfrey said.

Variety’s Power of Women was produced by Goldsky Productions. Vita Motus provided production design. Daisy O’Dell provided music direction.



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10 Best Movies About Deadly Reality Competitions, Ranked by Letterboxd

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David Fincher’s classic movie The Game celebrates its 25th anniversary in September 2022. It is time to look back and remember the movie that put Michael Douglas in the middle of a deadly game that seemed to destroy his entire life. However, the movie was just one of many films that approached the idea of people involved in deadly games that ended up becoming a fight for life and death.


These movies go all the way back to the advent of cinema, and one of the best deadly games movies that Letterboxd fans loved came in 1932, and since then, the stakes have only been raised. From classic movies that have stood the test of time to beloved cult classics and modern-day masterpieces, anyone who loves deadly games will find plenty of movies for their enjoyment.

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10 The Hunt (2020) – 3.0

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The Hunt arrived in 2020 and ended up a box office failure. However, despite failing to bring an audience to theaters (partially because of theater closures in 2020), the movie still picked up enough fans to earn a 3.0 rating on Letterboxd. This was surprising since it was also controversial for a perceived political message.

The movie was basically a remix of Surviving the Game, however instead of elitists capturing homeless people to hunt, they kidnaped Conservatives. Despite the lack of early viewers, enough people caught it on streaming services later to form their own opinions, and the movie ended up gaining quite a few fans.

9 The Running Man (1987) – 3.2

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For a time in his career, Stephen King used a pseudonym to publish books outside the horror genre to see if they could sell without his name on them. One of these was The Running Man, and it ended up as a movie with Arnold Schwarzenegger in the lead. The story was interesting because it predated reality TV by over a decade.

In this movie, a totalitarian government created a reality TV show where prisoners and political dissidents have to escape people hunting them down to kill them. The goal is to kill them for the enjoyment of the television audience, but a pardon is available to those who escape. This has become the normal format for these deadly games movies.

8 Cube (1998) – 3.2

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A decade before Saw helped create the “torture porn” genre, Cube did the same thing and received a large cult following in the years since its release. The movie had a simple premise: a group of people woke up in a small room and had to find a way out. This involved solving puzzles, with a wrong move resulting in death.

While this didn’t have the moral implications of the Saw franchise, it was still deeper than the Escape Room movies. The deadly games movies with puzzle rooms remain popular, but this early version still has most recent releases beat, as evident by its Letterboxd score.

7 Death Race 2000 (1975) – 3.3

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In 1975, Sylvester Stallone appeared in one of his earliest roles in the deadly games movie, Death Race 2000. Like many movies in this genre, the release was a B-grade action movie that has since received a massive cult following, as evident by its higher Letterboxd score.

In this movie, the people are forced to compete in deadly games in a dystopian America to entertain people after the United States implemented a totalitarian regime. This movie involves a Transcontinental road race where violence is encouraged and actually killing innocent pedestrians offers up bonus points for the competitors, upping the violence.

6 The Most Dangerous Game (1932) – 3.4

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Deadly games movies are not a new phenomenon. In 1932, the horror movie The Most Dangerous Game arrived, based on the short story by Richard Connell. This movie saw a big game hunter who strands a group of passengers from a luxury yacht on a remote island.

He then sets out and starts to hunt them for sport. This sounds very familiar to the recent deadly games movie The Hunt, which was blasted for political overtones. However, as this early movie showed, this is not a new genre or idea. The movie was such a critical success that it later received a Criterion Collection release.

5 Game Night (2018) – 3.5

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The fun with Game Night is that this is supposed to be about people who love to get together to play regular games with each other every week. However, as the movie shows, sometimes these games can get a little scary at times and that is when party games can go wrong.

During a mystery game on game night, a man surprises his friends with a role-playing mystery. When two masked men show up and kidnap one of the gamers, everyone thinks it is part of the game, until things begin to grow violent and dangerous. This is a unique movie, where no one is sure what is real, and it plays fair with the audience, explaining its impressive Letterboxd score.

4 The Hunger Games (2012) – 3.5

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The Hunger Games trilogy is another deadly games movie where the games are forced upon people by a totalitarian government. In this case, the world has fallen into ruins other than the wealthy elite, and the small communities send in tributes every year to compete in the Hunger Games. The object is for the tributes to kill each other until only one remains.

It all comes down to the tributes, and what they will do to help their communities, while also either keeping their morals or throwing it all away. The Hunger Games franchise turns into a story of rebellion in the latter two movies, but the first keeps the entire focus on the deadly game.

3 Ready Or Not (2019) – 3.6

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While The Hunt was a disappointment for Blumhouse when it hit theaters in 2020, another deadly games movie was a surprise hit in 2019. Ready or Not grossed over $57 million worldwide on a budget of just $6 million, and the story was one of the strangest of the genre.

The movie featured a woman who learned her new husband’s family had a tradition to hunt the new bride or groom down on their wedding night. This is a non-stop cat-and-mouse game with the bride attempting to survive, and it is kill or be killed in this deadly game. The movie received high critical praise and is noted as a crowd-pleasing movie.

2 The Game (1997) – 3.7

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David Fincher has become one of the world of cinema’s best directors over his career, and one of his early movies still stands the test of time. This is The Game, which stars Michael Douglas as an uptight businessman whose brother, played by Sean Penn, gives him a unique gift for his birthday.

The gift is a voucher for a game, one that several of his fellow investment bankers said they enjoyed. After the game company rejects him, he suddenly realizes something bad is happening. People start to attack him and his loved ones, and then he learns his business was also targeted, and he loses everything. The game is clearly to put the man through hell, to show him the real worth of his life, and the movie is a puzzle worth the time.

1 Battle Royale (2000) – 3.8

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For many fans, The Hunger Games seemed very familiar. That is because it has a very similar storyline to a Japanese movie released in 2000. This movie is Battle Royale, and Letterboxd fans consider it the best of the best of deadly games movies.

In Battle Royale, a Japanese totalitarian government captures a class of junior high students and sends them to an island. Once there, they are forced to fight to the death. While The Hunger Games received huge box office success, Battle Royale was banned in many countries, but eventually became a cult classic and is considered a landmark movie in the deadly games genre.

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