Tag: costs
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US SEC’s Crypto Guidelines Push Up Costs for Lenders, Disrupting Projects
But on March 31, the SEC said public companies that hold crypto assets on behalf of clients or others must account for them as liabilities on their balance sheets due to their technological, legal and regulatory risks. While the guidance applies to all public companies, it is especially problematic for banks because their strict capital rules, overseen by bank regulators, require them to hold cash against balance sheet liabilities. The SEC did not consult the banking regulators when issuing the guidance, according to four of the people. The SEC’s move complicates banks’ efforts to jump on the digital asset bandwagon, and could keep them on the sidelines even as they report increased demand from clients looking to access the burgeoning market. “This has thrown a huge wrench in the mix,” one of the sources said. Lenders building out crypto offerings have had “to cease moving forward with those plans pending any kind of further action from the SEC and the banking regulatory agencies,” they added. Custody banks State Street and BNY Mellon, which have been building digital asset offerings, are among those whose projects have been disrupted, according to three people with knowledge of the matter.
Read more of this story at Slashdot.
Overwatch 2 Battle Pass Details: What’s Included, How Much It Costs, And Everything You Need To Know
Billed as a way to “deliver more content to the game, more regularly, all while helping more players than ever before experience the Overwatch universe,” Overwatch 2’s pivot to a battle pass model marks a big change for the series. While the original Overwatch provided players with free updates so long as they owned the game, and gave players the option to purchase Loot Boxes when longing for cosmetic changes, Overwatch 2 is adopting a free-to-play model and doing away with the chance-based reward system. While these changes are exciting–and after reviewing them, I believe they will genuinely benefit players–they do raise a lot of questions. Fortunately, Blizzard has now shed some light on what this all means.
A seasonal model
Starting with the release of Overwatch 2 on October 4, the game will enter a seasonal model that will deliver a unique theme and over 80 tiers of new content to the game every nine weeks. This new content can then be attained by the player through a battle pass.
With this seasonal model, you can count on major patches and updates rolling out every nine weeks. Additionally, a new hero or map will arrive every nine weeks on a rotating basis.