Author: Press Room

Connecticut House of Representatives member Jim Himes has released a proposal aiming to start a dialogue on the United States potentially launching a central bank digital currency, or CBDC.In a white paper released on Wednesday, Himes urged Congress to begin exploring the rollout of a digital dollar issued by the Federal Reserve to prevent the government from falling behind in innovations in financial technology. According to the U.S. lawmaker, a CBDC “should not be thought of as replacing legacy payment systems and currencies but as an additional alternative for consumers and businesses.”The white paper laid out a proposal in which…

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Source: AdobeStock / Romain TALON Social media giant Meta is working on a wallet for the metaverse as the company is expanding its NFTs test and launching new features for creators on Facebook and Instagram.”Ideally, you should be able to sign into any metaverse experience and everything you’ve bought should be right there. There’s a long way to get there, but this kind of interoperability will deliver much better experiences for people and larger opportunities for creators,” Mark Zuckerberg, CEO of Meta, said today. He also announced that Facebook Pay was renamed Meta Pay.According to the CEO, “in the future there…

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Quick take: The financial terms of the acquisition were undisclosed.eBay has acquired KnownOrigin’s entire team and IP.The deal was closed on June 22. eBay today announced that it has acquired Manchester-based NFT marketplace, KnownOrigin. Both companies signed and closed the deal today on Jun 22, and the financial terms of the acquisition were undisclosed. As part of the deal, eBay is also acquiring KnownOrigin’s entire team and IP. The platform was founded in 2018, enabling artists and collectors to create, buy and resell NFTs via blockchain-support transactions. “eBay is the first stop for people across the globe who are searching…

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Bitcoin (BTC) has been trying to break out of a descending trend for the past week and the first attempt on June 16 failed to break the $22,600 resistance. The second attempt to $21,400 on June 21 was followed by a 8% price correction. After two failed breakouts, the price currently trades below $20,000 and raises questions on whether $17,600 was really bottom.Bitcoin/USD 4-hour chart at Coinbase. Source: TradingViewThe longer it takes for BTC to break from this bearish pattern, the stronger the resistance line becomes and traders are closely following the trend. That is precisely why it’s important for…

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Source: Adobe/amixstudio Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Investments newsCrypto lender BlockFi processed a higher-than-usual volume of withdrawals last week, but they have since seen an 88% decrease from peak to trough in daily withdrawal requests and expect this declining trend to continue, CEO Zac Prince told Bloomberg.E-commerce giant eBay acquired NFT marketplace KnownOrigin for an undisclosed amount.Decentralized exchange Uniswap (UNI) acquired NFT marketplace aggregator Genie for an undisclosed amount to integrate it into all their products, letting users buy and sell NFTs across all major…

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Quick take: The fund will invest in blue-chip collections like CryptoPunks and Nouns but is mostly dedicated to supporting new projects.The fund wants to invest in NFTs projects across gaming, art, photography and music.The NFT fund has a 10-year life cycle and will be making long-term investments. Venture fund, 1confirmation, today announced that it is launching a new fund $100 million dedicated entirely to investing in NFTs.  Despite the slump in the crypto and NFT markets, 1confirmation’s founder Nick Tomaino wrote in a blog post that NFTs “offer a new business model for content creators and empower consumers to become…

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As part of a new series of connect-to-consumer initiatives developed this year, Shopify will allow merchants to connect with fans and drive sales by creating exclusive merchandise for tokenholders. The initiative, dubbed “tokengate,” is available in early-access beta mode. Tokengated ExperiencesReady to give superpowers to your most loyal fans?Build even stronger communities around your brand and reward your people by unlocking exclusive shopping experiences. Think limited-edition merch drops, discounts, and much more (oh hey @doodles). pic.twitter.com/gyq5iu2GRH— Shopify (@Shopify) June 22, 2022 To get started, vendors can create a tokengate shop directly on the Shopify app or add the feature directly…

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 Bitcoin price is struggling to stay above USD 20,000.Ethereum could revisit USD 1,000, XRP is struggling below USD 0.35.ADA and SOL are down 6%.Bitcoin price failed to stay above the USD 21,200 resistance zone and corrected below the USD 20,500 level. It is currently (12:48 PM UTC) trading near USD 20,200 and is down 4% in a day and almost 8% in a week.Similarly, most major altcoins are also moving lower. ETH declined below USD 1,120 and might even retest USD 1,000. XRP is stuck near USD 0.320. ADA is down 6% and approaching the USD 0.45 support zone.Total market…

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