Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head…
Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). The entire market capitalization of all 10,000+ crypto assets is $1.64 trillion on Saturday, up over 6% during the last day. Bitcoin Climbs Over 20% This…
In an earnings call, CEO of Mastercard stated that the company’s presence in the cryptocurrency space is critical. Traditional financial services platforms are attempting to adapt to the changing financial ecosystem as cryptocurrency adoption becomes more widespread. Payment processors such as Mastercard and Visa intend to use their large client base and international reach to…
On Tuesday, the New York Knickerbockers, in partnership with Sweet, launched the NBA team’s first-ever non-fungible token (NFT) collection. The NFTs feature limited edition digitally designed 3D game tickets made specifically for the Atlantic Division basketball team. With less than 24 hours left on the auction, the Knicks’ NFT sale has sold out a number…
On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC).…
Dvision Network collaborates with Enjin to expand its metaverse Blockchain-based metaverse platform Dvision Network announced a collaboration with leading nonfungible ecosystem provider Enjin. As part of the development, Dvision will deploy Enjin’s APIs to connect its metaverse to five different blockchains. Dvision plans to deploy Enjin’s platform and API to mint unique nonfungible tokens. Ethereum’s…
