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Tribeca Doc ‘This Is Not Financial Advice’ Lands at Fuse TV
Chris Temple and Zach Ingrasci directed the feature about a one-time cryptocurrency millionaire.
December 01, 2023
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This is Not Financial Advice, the cryptocurrency centric doc that had its debut at the Tribeca Film Festival, has landed at FuseTV.

Chris Temple and Zach Ingrasci directed the feature that has a longline that reads: “Glauber Contessoto gambles his life savings on a joke cryptocurrency. Two months later, he becomes ‘The Dogecoin Millionaire’ and an internet legend. While it might seem easy to get rich online, it’s even easier to lose it all.”

The film will be released on Fuse TV on Jan. 11.

Jenna Kelly, Carrie Weprin, and Martine Phelan-Roberts produced the doc, which hails from Optimist, Legion M, XTR, Mr. Wizard Productions, and Bearcat.

Said the directors, “We set out to make a film about the get-rich-quick culture of crypto, but ultimately discovered a much deeper story about our psychological relationship with money. The bare-it-all honesty of Glauber and the rest of the film’s participants resulted in a very fun, but anxiety-inducing film.”

Added Marc Leonard, head of content and marketing at Fuse TV: “Our young, culturally diverse viewers will relate to the pressures felt by Glauber Contessoto, an immigrant working multiple jobs and hustling for his piece of the American Dream by investing in cryptocurrency—and then losing it all.” 

The rise and fall of cryptocurrency empires and the fates of investors have been premium non-fiction fodder as of late. There are several doc entries centered on the FTX founder Sam Bankman-Fried, including projects from Vice Media and The Information, Fortune, and XTR.

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Custom AI assistants that print money in your sleep? 🔜

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New Reggie Middleton Video..

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https://x.com/ReggieMiddleton/status/1974107616637825225

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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

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ETERNAL NOW.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

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The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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