Quote of the week: “Crypto is going through the lull that the internet went through” – Mark Cuban. Source: https://finance.yahoo.
Coinbase Opens Web3 Mobile DApp and DeFi Wallet and Browser: This week, Coinbase’s director of product management revealed that the company was expanding its product offerings. Coinbase announced that eligible users would be able to begin trading on NFT marketplaces, allowing users to make swaps on decentralized exchanges and interact with DeFi lending protocols to borrow and lend funds. Eligible users will be able to access decentralized applications (DApps) on the Ethereum network. Source: https://
Robinhood Will Be Launching its Web3 Wallet to Compete with Coinbase:
On May 17, Robinhood revealed its new non-custodial, Web3 wallet to rival MetaMask and Coinbase. The multi-chain wallet will be launched as a standalone app and will be launched in Beta this coming summer. Robinhood wants to allow its customers to get exposed to decentralized finance. Source: https://www.fxempire.
Emirates Will Be Accepting BTC Payments and Will be Launching its NFT Collectibles: Emirates, the largest airline in the United Arab Emirates, reported that it has plans to integrate Bitcoin payments and will be onboarding new employees who will be focused on blockchain-related endeavors. Furthermore, the airline announced that it plans to launch NFTs to be traded through the company’s website. Source: https://
Getty Images Partners with Candy Digital to Create NFTs: On May 17, Getty Images revealed its new partnership with Candy Digital to form a diverse NFT portfolio. The company has 465 million images and is part of a growing list of mainstream companies to target NFTs to drive growth. Source: https://finance.yahoo.
Goldman Sachs and Barclays Invest in UK Crypto Trading Platform: Goldman Sachs and Barclays are diving deeper into the cryptocurrency space. The global head of digital assets for Goldman Sachs states that the demand for cryptocurrency from institutions has been rising and that the firm has been catering to these market demands. As a result, Goldman Sachs and Barclays have joined a $70 million Series A funding round for the institutional cryptocurrency trading platform Elwood Technologies. Source: https://cointelegraph.
And, that’s a wrap!