Key Takeaways: Christopher Waller, a member of the Federal Reserve Board of Governors, remarked on Friday that “blockchain is totally overrated,” comparing some research papers on central bank digital currency (CBDC) to infomercials. The Fed governor also stated that he…
Cowen Digital LLC, a digital asset business of New York-based investment bank Cowen (COWN), will provide full-service trade execution and custody solutions for institutional clients. The new digital section will be led by Cowen Managing Director Drew Forman. Forman was…
One of the most storied names in prestige beauty has set its sights on the metaverse. Estée Lauder is launching its first NFT as the only beauty brand partner of Decentraland’s Metaverse Fashion Week. The brand will be awarding up…
In the latest series of updates, reportedly, the NY bill seeks to prohibit Proof-of-Work mining. POW is a fairness protocol that runs agnostic to any users’ identity, location, or beliefs. A system underserved communities can benefit most from. This bill…
A dozen Ethereum addresses bought several NFTs in the days before Yuga Labs’ acquisition of Meebits from Larva Labs on March 11 prompted a price rise. According to PeckShield data, 14 Ethereum addresses (with no past history of buying mainstream…
Key Takeaways: Blocto and Yahoo Taiwan have established a cooperation to launch Yahoo’s NFT shop. The businesses will work together to promote NFT adoption and accessibility. The Yahoo Taiwan NFT shop could launch by the end of March. Blocto’s creators,…
Key Takeaway: The Clearing House, a well-known Ripple partner, is collaborating with Wells Fargo on a cross-border payments system. It is “particularly built to serve digital commerce” and may eventually replace SWIFT. The Real-Time Payments (RTP) Service system would allow…
Key Takeaways: Eight members of Congress have written to Gary Gensler(Chairperson, US SEC) to inquire about the SEC’s demands for information from crypto companies. Rep. Tom Emmer (R-MN) said he had received information from various crypto companies indicating the SEC…
The Graph Name Service (GNS—on-chain registration of subgraphs) will now mint an NFT whenever a dapp developer uploads a new subgraph. The subgraph can be controlled by whoever controls the NFT. This ERC721 coin essentially grants gated access to modifying…
Key Takeaway: The US Wholesale Inflation surged to 10% in Feb 2022. Last month, wholesale inflation in the United States increased by 10% from a year ago, indicating that inflationary pressures remain high at all levels of the economy. The…
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