FameEX Afternoon Crypto News Recap | March 23, 2023

Ground-Breaking Insights and Collaborations at World Blockchain Summit Pave the Way for a Decentralized Future
https://www.fameex.com/en-AU/news/crypto-trending-news-2023032303
In 2023, Dubai hosted the World Blockchain Summit, which was attended by more than 2,000 people, including key figures from the technology industry, institutional web3 investors, and other industry leaders. The event began with a Start-up Grand Slam Pitch Competition, which was evaluated by a panel of investment experts from Woodstock, Cipher, and Ghaf Capital Partners, and was held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum.

Recap of CFTC Tech Committee's DeFi Discussion in DC
In Washington D.C., the CFTC's Technology Advisory Committee (TAC) convened for their inaugural meeting, during which experts from the crypto industry delivered presentations on the main challenges facing DeFi. The session was launched by CFTC commissioner Christy Goldsmith Romero, who stressed the significance of comprehending DeFi due to the ongoing policy decisions being made by regulators and lawmakers.

Xapo Bank Announces Support for USDC Deposits and Withdrawals
Xapo Bank has introduced a new feature that will allow its clients to deposit and withdraw funds using the USDC stablecoin without any charges. By using the existing USDC on-ramps with added "outrails," members can avoid the expensive SWIFT payment system. Moreover, all USDC deposits will be converted to the US dollar automatically, which means clients can earn up to 4.1% in annual interest rates. By supporting USDC, Xapo aims to provide its customers with a convenient and cost-effective method of accessing and utilizing their funds.

More Industries Turn to Web3, Prompting Deloitte to Explore Immersive Experiences
Deloitte is investigating the use of immersive experiences and other Web3 solutions to address a range of corporate requirements. Although immersive experiences are already popular in the entertainment, gaming, and fashion sectors, Deloitte recognizes their potential for simulating manufacturing operations and training managers in sensitive communication. As the popularity of Web3 increases across various sectors, Deloitte is banking on the innovative potential of immersive experiences to tackle a diverse set of corporate issues.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.