Biden to Nominate Crypto Critic as Top Bank Regulator: Report — CoinDesk

If nominated and confirmed, Omarova will be the first full-term Comptroller since Joseph Otting, who headed up the federal bank regulator between 2017 and 2020. Former Acting Comptroller Brian Brooks took over the regulator last year, overseeing a handful of guidance letters and conditional approvals allowing crypto companies to have greater access to banking services and letting banks interact more closely with cryptocurrencies. Source link

CryptoKitties Company Dapper Labs Raises $250 Million

Key Takeaways Dapper Labs has announced that it has raised $250 million, likely bringing its current valuation beyond $7.75 billion. The non-fungible token company is best known for its CryptoKitties and NBA Top Shots series of collectibles. Today it also announced a partnership with LaLiga and hinted at new partnerships with UFC and Warner Music Group. Share this article The Vancouver-based blockchain company Dapper Labs has raised $250 million, according to a press release. $250 Million Raised by Dapper Labs Several investment firms participated in Dapper Labs’ latest funding round,…

Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green

One look at the charts and any crypto investor will see Cardano is currently suffering. The digital asset is currently down with the rest of the market, which is suffering in the wake of the Evergrande situation in China. The market has been in a downtrend as the situation has evolved. Its biggest ties to the market being the fact that Tether allegedly owns some of the Evergrande bonds. This has spilled over into the crypto market in a big way. Bitcoin fell to one-month lows with the news and…

Here’s why Avalanche, OriginTrail and Coti hardly budged as Bitcoin fell to $40K

Admittedly, the last few days have not been not the most pleasant time for crypto traders as the price of Bitcoin (BTC) price fell short of breaking the $50,000 threshold, then slid to the low-$40,000 range and pulled the majority of altcoins down with it. Despite this sharp downturn, a handful of tokens seemed to do much better than the rest of the market by posting weekly gains in their BTC and U.S. dollar-denominated pairs. Some traders looking to rack up their Bitcoin holdings cannot be bothered to follow an…

Ripple is helping Bhutan pilot a CBDC

The Royal Monetary Authority of Bhutan is partnering with Ripple to pilot a central bank digital currency in the mountainous kingdom. In a Wednesday announcement, Ripple Labs said Bhutan’s central bank would be taking advantage of the company’s private ledger to issue and manage a digital ngultrum. According to Ripple, the move was motivated by the Royal Monetary Authority’s, or RMA’s, effort to improve cross-border payments, expand financial inclusion for its residents, and “extend its commitment to sustainability as the only carbon-negative country in the world.” With a population of…

NFT project partners with Afghanistan organization to help women get access to education

Non-fungible token company Bookblocks.io has partnered with a New York-based organization to help women in Afghanistan have access to education amid the Taliban takeover. Bookblocks.io announced it would be releasing a non-fungible token, or NFT, on Oct. 5 with the proceeds given to Women for Afghan Women, an organization which helps provide women access to education and vocational training in both Afghanistan and the United States. The artwork, inspired by American author Louisa May Alcott, features half a woman’s face covered by a single butterfly wing with the quote “nothing…

Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt

The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hour corrective stint which saw Bitcoin and altcoins sell-off to their swing lows. Equities and crypto investors were clearly worried about the possible bankruptcy of China’s Evergrande real estate firm and many feared that the possible default could spark a global decline in financial markets. These concerns were temporarily put to rest after the real estate firm was able to come to an agreement with bondholders and avoid defaulting on its obligations technically, and this helped…

Market Wrap: Cryptocurrencies Bounce Back, Traders Expect More Volatility

Bitcoin returned above $42,000 at press time as the broader crypto market bounces back after a sell-off earlier this week. Traders expect volatility to remain elevated ahead of bitcoin’s September options expiry on Friday. And technical charts show limited upside for BTC toward the $47,000 resistance level. On Wednesday, the U.S. Federal Reserve signaled that it could start to scale back, or taper, its monthly asset purchases sooner rather than later. Fed officials are preparing to reverse the central bank’s pandemic stimulus programs in November and expect to raise interest…