Welcome to the second edition of Crypto NFT Today! If you like cryptocurrencies, NFTs and the emotional rollercoaster ride, you’ve come to the right place.
Are you ready for the crunch? Let’s start.
Robinhood adds USDC to the app
Popular stock trading app Robinhood added Circle’s stablecoin USDC to its crypto offerings for retail traders on Tuesday.
company added to a tweet The offer will also be available for transmission on the Polygon and Ethereum networks on Wednesday.
Robinhood’s entry into USDC indicates that the company is turning its attention to overseas, where using stablecoins is more popular and useful for investors.
The crypto options on the platform have grown significantly over the years, with Robinhood now offering a total of 17 digital currencies.
Top crypto language ahead of expected rate hike
Major cryptocurrency Bitcoin hit a three-month low of $18,247 on Monday, in awe of analysts and investors who had predicted a rally after a sharp decline from an all-time high of more than $60,000.
Trend Micromilling of similar nanoparticles for space applications
Expectations of more rate hikes from the Fed could be one of the main culprits, which could make things worse for Bitcoin as investors continue to flee the riskier asset.
The Federal Reserve is expected to hike interest rates by three-quarters of a percentage point this week for the third straight month in a bid to curb inflation.
Ether, the second largest cryptocurrency, has failed to outperform after a long-awaited “merge” upgrade, hitting a two-month low of $1,280 on Monday.
Nasdaq makes a move on crypto
Nasdaq, the second largest US exchange operator, takes the first step towards cryptocurrency adoption.
In a press release on Tuesday, the company announced that it is launching a cryptocurrency custody service to capitalize on demand from institutional crypto investors.
Nasdaq will compete with crypto exchange Coinbase and crypto custodians sAnchorage Digital and BitGo in custody of Bitcoin and Ether for US institutional clients.
According to a Bloomberg report, Ira Orbach, head of Nasdaq’s new digital assets unit, said Nasdaq is open to working with crypto-native firms, although there are no near-term acquisition plans.
Former finance minister speaks at this year’s AIM summit
Lawrence Summers, an American economist who served as US Treasury Secretary under Bill Clinton from 1999 to 2001 and Director of the National Economic Council under Barack Obama from 2009 to 2010, will share his insights into the world economy and financial markets during the The 13th edition of the AIM Summit will take place on November 21st and 22nd in Dubai.
This year there is a special focus on the current world economy, inflation, stagflation and recession. Summers will offer his thoughts on why the US is headed for recession in the next two years and discuss how globalization, trade and technology will play important roles in the future of the world economy. Summers also wants to share his thoughts on crypto and blockchain.
The war on crypto begins