2 years ago
In different concern news, Fireblocks has acquired First Digital successful a woody reportedly worthy $100 cardinal and the New York Stock Exchange is pursuing NFT trading.
Last week’s Crypto Biz newsletter explained however Wall Street is fundamentally selling Bitcoin (BTC) for america aft Wells Fargo said integer assets could “soon deed a hyper-inflection point” successful presumption of adoption. This week, JPMorgan Chase issued its ain bullish outlook erstwhile it labeled the metaverse a $1 trillion a twelvemonth opportunity.
In summation to JPMorgan, the New York Stock Exchange (NYSE) this week sent retired a beardown awesome that nonfungible tokens (NYSE) and the metaverse are portion of its semipermanent plans. On the regulatory front, the Republic of the Marshall Islands took a bold measurement successful becoming a person successful the blockchain arena.
The latest Crypto Biz newsletter explores these stories successful greater depth. For a afloat breakdown of the apical concern stories successful crypto, registry for the afloat newsletter astatine the bottommost of the page.
Related: Circle’s valuation doubles to $9B pursuing revised merger statement with Concord
JPMorgan becomes archetypal large slope to participate the metaverse
JPMorgan’s foray into the metaverse became authoritative this week aft the fiscal elephantine opened a virtual lounge connected Decentraland. Visitors to the lounge are greeted by a integer representation of CEO Jamie Dimon, an outspoken Bitcoin professional who lambasted cryptocurrencies for lacking “intrinsic value.” Isn’t it ironic that his slope is adopting the precise exertion spawned by Bitcoin? Nevertheless, JPMorgan believes the metaverse represents a trillion-dollar accidental that could interaction virtually each assemblage of the economy.
Great development.
U.S. banking elephantine JPMorgan Chase has unveiled probe connected a Quantum Key Distribution blockchain web that is resistant to quantum computing attacks. https://t.co/aIzxRikuDR
Marshall Islands opens up DAO registrations
The Republic of the Marshall Islands, a tiny land authorities adjacent the Equator successful the Pacific Ocean, has formally recognized decentralized autonomous organizations (DAOs) arsenic ineligible entities — perchance opening the doorway to caller registrations from projects each implicit the world. DAOs were granted ineligible designation successful the precocious amended Non-Profit Entities Act 2021 and caller incorporations volition beryllium supported by MIDAO Directory Services Inc., a home enactment that was established to assistance projects get acceptable up. It’s wide that the Marshall Islands is looking to go a planetary hub for DAO registration and is actively selling its debased work fees and supportive government.
Fireblocks acquires First Digital for $100M
Blockchain unicorn Fireblocks has acquired stablecoin outgo level First Digital successful a woody reportedly worthy $100 million. The acquisition gives Fireblocks further resources to amended outgo onramps to the cryptocurrency sector. Through First Digital, Fireblocks is readying to enactment business-to-business and business-to-consumer payments via stablecoins specified arsenic USD Coin (USDC) and Celo. Although astir of america are into cryptocurrency for its concern potential, it’s wide that the adjacent signifier of the market’s improvement volition halfway astir payments.
Related: Mark Zuckerberg’s stablecoin project, Diem, officially shuts down
The New York Stock Exchange has jumped connected the NFT bandwagon! NYSE has made a non-fungible token to observe its historical archetypal trade. Is this a motion that everyone is adopting #NFTs? https://t.co/03hE1cFWSN
— Cointelegraph (@Cointelegraph) April 13, 2021NYSE files trademark exertion for NFT trading
On Feb. 10, the New York Stock Exchange filed a trademark application with the United States Patent and Trademark Office to registry its sanction for respective crypto-focused products, a beardown indicator that the world’s largest banal speech was readying to participate the metaverse. The exertion states that NYSE wants to supply “downloadable virtual goods,” including nonfungible tokens and integer collectibles, arsenic good arsenic “authentication and certification of information relating to cryptocurrency and [NFTs].” NYSE is 1 of respective large names to awesome its volition to articulation the metaverse economy. Recently, McDonald’s and Disney submitted trademark applications for assorted virtual merchandise offerings.
English (US) 