Crypto NFT Today: The Latest on Blockchain, Cryptocurrency, and NFTs: August 17-23, 2022 – Innovation & Tech Today
- Nanna Course
- on Aug 17, 2022
Welcome to another edition of Crypto NFT Today! If you love cryptocurrency, NFTs and emotional rollercoasters, this is the place to be.
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Unstoppable Domains launches iPhone app
Unstoppable Domains is on a mission to make blockchain-based applications more accessible to users. The crypto domain provider announced on Tuesday that it is rolling out an iPhone app to put Web3 at users’ fingertips.
Using the app, iPhone owners will be able to connect their profiles to crypto wallets and log in to over 180 decentralized apps, metaverses, and games.
The rollout is part of a broader strategy to streamline the use of unique identities and domains, making blockchain-based applications accessible and portable across a handful of protocols.
Over the past few months, Unstoppable Domains has partnered with Blue Studios to Release a family crypto wallet, and hired two former IBM and Twitch executives. In July he raised $65 million in a Series A financing led by Pantera capital.
Football superstar James Rodríguez to release NFT collection
The stream Al-Rayyan SC and the former Real Madrid and Everton star is following other legends of the game, including Cristiano Ronaldo, by releasing an NFT commemorative collection.
ZK Spacea layer 2 (L2) Ethereum protocol based on zk-Rollup, is set to launch the public sale of the James Rodríguez Zurda NFT Collection on August 15.
Zurda – which means “left foot” in Spanish – is an official collection of commemorative NFTs created in collaboration with Rodriguez to be issued on ZKSea, the NFT minting and trading platform of the ZKSpace ecosystem.
The “Zurda” NFT Series is the first collection of digital assets that brings together all the highlights of Rodríguez’s career across three continents and many top European clubs.
Fed opens up access and protection for crypto businesses
Crypto regulation seems inevitable, reflected in the Federal Reserve’s decision to take a big step toward codifying digital currency.
The Fed announced on Monday that it is releasing its final guidelines for new financial institutions to access its “primary accounts,” which these businesses need to participate in the global payments system.
The central bank will create a three-tier system to assess whether a financial institution should have access.
Under the new regulations, Tier 1 banks would be federally insured. Tier 2 banks would not be federally insured but are still “subject to prudential oversight by a federal banking agency,” according to a statement from Fed Vice Chairman Lael Brainard.
The third tier is made up of businesses that “are not federally insured and are not subject to the prudential oversight of a federal banking agency,” according to CoinDesk.
European Crypto Exchange to launch its own token
WhiteBIT, one of the largest cryptocurrency exchanges in Europe, recently shared plans to launch its own digital asset, WhiteBIT Token (WBT). The token will provide users with unique opportunities such as reduced fees and holding benefits.
The announcement follows a series of breaking news from the firm. A month ago, the platform completed its functionality with perpetual futures trading, becoming one of the few crypto exchanges in the world to offer such a possibility.
The new token will have a limited supply, have a weekly burn mechanism and assume organic interactions with other projects in the ecosystem, WhiteBIT relayed in a statement.
The asset will be issued for an amount of 400 million WBT, of which 200 million will be in the form of cash tokens. This amount will be distributed to corresponding funds within the ecosystem to protect the asset from inflation. Treasury tokens will be gradually released over the next three years. Half of the tokens issued will be frozen and put on the market according to the pre-established schedule.
Benefits for WBT holders and owners will include a 40-50% increase in referral rate, reduced fees, free ERC-20 token withdrawals, and free anti-money laundering checks.
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