• Spotify is testing a new service called „token-enabled playlists“ that allows NFT holders to access curated music.
• It is currently in the pilot phase, available to Android users from the U.S., UK, Germany, Australia, and New Zealand.
• The testing period consists of three months, during which the curated playlists will be actively updated and can only be accessed by community members with a unique link.

Spotify Tests Token-Enabled Playlists

Spotify has announced a pilot project for token-enabled playlists that can be used by Non Fungible Token (NFT) holders in order to access curated music. This service is available exclusively to Android users from United States, United Kingdom, Germany, Australia and New Zealand.

Partnership with Web3 Gaming Ecosystem Overlord

The new service was designed in partnership with the Web3 gaming ecosystem Overlord and involves a token-enabled community-curated playlist that can be accessed via Web3 wallets of those who hold Creepz NFTS on Spotify. Other communities like Fluf, Moonbirds and Kingship are also included in this project as well. Universal Music Group’s NFT band Kingship revealed creating their own token-gated playlist for NFT holders featuring Queen, Missy Eliott, Snoop Dogg and Led Zeppelin.

Testing Period

The testing period of this project consists of three months during which the curated playlists will be actively updated and it can only be accessed by community members with the help of a unique link provided by Spotify.

User Growth Despite Losses

At the end of 2022 Spotify ended with better than expected user growth despite widening quarterly losses caused due to pandemic related costs such as free trial subscriptions it offered last year to boost usage while lockdown restrictions were in place across many countries around the world.

Conclusion

In conclusion we can say that Spotify’s new token enabled playlist feature is an innovative concept which could revolutionize how people listen to music online if it gets implemented permanently after successful completion of its trial period

• Judge Lewis Kaplan stated that there is probable cause to believe that Sam Bankman-Fried (SBF) has engaged in attempts to commit a federal felony while out on bail.
• Prosecutors requested that Judge Kaplan significantly restrict Bankman-Fried’s access to computers and other devices, arguing he had found loopholes such as VPNs allowing him to circumvent his bail conditions.
• SBF’s attorney, Mark Cohen, acknowledged the need for closer supervision but asked for leniency nonetheless, according to CNN.

Judge Suggests Possibility of Bail Reversal

Judge Lewis Kaplan recently suggested the possibility of reversing SBF’s bail following discussions regarding additional bail conditions due to contact with current and former FTX personnel.

Probable Cause for Witness Tampering

The judge indicated that there was probable cause to believe that SBF had attempted witness tampering or at least an attempt thereof. This arose due to the long-winded rant on substack outlining SBF’s view of the collapse of FTX, as well as attempts made by him to contact the current CEO of the failed exchange and former employees in order to „help sort things out“.

Defense Asks For Leniency

In response, SBF’s attorney acknowledged the need for closer supervision but ask for leniency nonetheless. He argued that SBF’s input into resolving cryptocurrency issues could be valuable if monitored closely enough.

Judge Hints At Bail Reversal

Judge Kaplan seemed open to this suggestion and hinted at a potential reversal of bail conditions should adequate monitoring be put in place.

Conclusion

Ultimately, it remains unclear how this situation will end up being resolved but it appears as though a decision will likely come soon given how much attention it has received from both sides of the courtroom.

• Kraken 24-hour trading volume is up 14% despite SEC investigation and termination of staking services.
• According to CoinMarketCap and CoinGecko, Kraken’s 24h trading volume stands at around $757 million.
• The exchange has not reported any wave of withdrawal requests, suggesting that users remain unfazed by the dispute with the American regulator.

Kraken’s Trading Volume Rises Despite SEC Troubles

Kraken’s generated trading volume for the past 24 hours increased by almost 15%, according to data from CoinMarketCap and CoinGecko, despite a recent investigation by the US Securities and Exchange Commission (SEC). Based on various factors such as average liquidity, volume, and web traffic, Kraken has a score of 7.4 out of 10 from CMC – making it the third most trusted crypto platform after Binance (9.9) and Coinbase (7.8).

SEC Investigation

The SEC recently investigated Kraken over possible violation of rules when offering securities as staking services to US consumers. In response, the company terminated all its staking services and paid $30 million in disgorgement, prejudgment interest, and civil penalties. However, there have been no reports of any wave of withdrawal requests from customers so far – suggesting that users remain undeterred by this dispute with the American regulator.

Binance & Coinbase Compared

Binance is widely considered as one of the most reliable platforms for cryptocurrency investors due to its high scores in liquidity, volume, and website traffic. Meanwhile Coinbase also ranks highly in terms of trustworthiness but falls short compared to Binance with a score of 7.8 out 10 from CMC.

Gary Gensler’s Urging

Gary Gensler – Chairman of the SEC – recently urged all cryptocurrency entities to register with their agency in order to avoid any potential legal issues related to offering specific types of securities or staking services to US customers. Despite this warning however, Kraken’s performance appears unaffected so far judging by its surging trading volumes over the past few days.

Conclusion

To conclude; despite being investigated by the SEC over potential violations when offering specific types of securities or staking services in America – Kraken’s 24-hour trading volumes have increased significantly over this period indicating that its performance remains unaffected so far at least judging by customer sentiment towards it remaining unchanged thus far