Quote of the week: “Crypto is a wide variety of products, with a wide variety of functions, and the rules of our financial system are clear and long-standing. If you are raising capital for a project, you have to register your capital raising with SEC. If you are trading securities it has to be on a registered venue, but there are many crypto sectors like stablecoins that are not securities and outside of SEC purview.” – Jay Clayton, Former chairman of the U.S. Securities and Exchange Commission.
Robinhood Adds Crypto Gifting Feature: On December 22, Robinhood’s crypto gifting feature is going live. The program will allow one to send as little as $1 of up to 7 different cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin to family and friends. This gifting program will be available in every state of the United States, except Nevada and Hawaii. Source: https://finance.yahoo.
Coinbase Enters the NFT Space: Coinbase announced on December 22 that it will soon be able to support NFTs, allowing users to view their NFT collections and access leading NFT marketplaces like OpenSea. Coinbase, though, did not announce a rollout date. Source: https://cointelegraph.com/
Elon Musk and Dogecoin: On December 14, Elon Musk announced that Tesla would accept Dogecoin as payment for some of its merchandise. Following this news, Dogecoin gained 25%. Source: https://finance.yahoo.
NFT Mass Adoption on Melania Trump: Melania Trump announced on December 16 that she is selling her first NFT titled “Melania’s Vision” on her newly launched platform, powered by Parler. Source: https://www.cnn.com/2021/12/
More NFT Mass Adoption Featuring Adidas: Adidas announced that it will be launching its own NFT collection titled “Into the Metaverse.” The NFTs created will serve as access tokens, allowing holders to have exclusive access to future merchandise, physical and digital products and services, rewards within the newly acquired land plot in the Sandbox, among other benefits. Source: https://cointelegraph.com/