Quote of the week: “Many central banks are looking at digital currencies and working to apply this technology to the local markets and determine the longer-term impact on global payment systems… There is also significant focus on cryptocurrencies like Bitcoin where the trajectory is less clear as market participants evaluate their possibility as a store of value.” – David Solomon, Goldman Sachs CEO. Source: https://finance.yahoo.
Coinbase NFT Marketplace Now Live: Coinbase released the beta iteration of its NFT marketplace. The exchange is putting a social media spin on Ethereum-based NFT trading and is now allowing a select group of users from a waitlist of 3 million to use the platform for the first time. Source: https://www.coindesk.
NBA and NFTs: The NBA launched 18,000 Ethereum-based Playoff NFTs. There will be 75 NFTs of each player from the NBA 2022 playoffs; the collection is called The Association. Source: https://www.fxempire.
Blockchain.com Plans for IPO: In March, in a funding round, Blockchain.com stated that the company was valued at about $14 billion. The company is currently interviewing banks for an initial public offering, and in a private discussion the company revealed that the IPO might not happen until next year, but plans may change. Source: https://finance.
Hyundai Will Be the First Automaker to Enter the NFT Market: Hyundai partnered with Meta Kongz NFT brand to create its own set of NFTs and release their universe concept film titled “Metamobility Universe” in the coming future. Source: https://www.fxempire.
Biden Announces Former Ripple Advisor as His Pick for Fed Vice Chair for Supervision: Biden has announced that he intends to nominate former Ripple advisor, former Obama administration official, and law professor Michael Barr as the Central Bank’s Vice Chair for Supervision. Mr. Barr is considered a consumer-friendly advocate for aggressive financial oversight. Given Mr. Barr’s ties to cryptocurrency company Ripple, this nomination may be good for the cryptocurrency community. Sources: https://techcrunch.com/2021/
And, that’s a wrap!