Crypto News 2022–03–09
US Crypto Order 🏦, NFT Engaging Sports’ Fans ⚾, NFT at Music Festival 🎵
🔥 Hot News
- President Biden’s crypto executive order confirms the United States will explore a Central Bank Digital Currency.
- Dubai, UAE has approved a law to regulate Bitcoin and crypto!
- The US Treasury has announced plans to launch a Bitcoin & crypto educational campaign on the risks of investing in digital assets.
- Bitcoin has reclaimed a $790 billion market cap.
- Fun Fact: Dogecoin is still more valuable than the Russian Ruble.
đź“° News Selection
Polychain, Pantera Lead $10M Investment In Metaverse Fashion House (2 minutes)
Metaverse fashion house Space Runners has raised $10 million in a seed funding round. The company plans to launch its own blockchain, which will underlie the metaverse it is developing. The nascent metaverse has already attracted some of the biggest names in fashion to open up virtual storefronts. The brand describes itself as a designer and purveyor of “digitally wearable NFTs through Augmented Reality”.
Tomorrowland 2022 Set To Host First-Ever NFT Music Artist (2 minutes)
Ape Rave Club (ARC) will be performing on one of the biggest dance stages of them all, Tomorrowland’s Mainstage. The digital primate is part of the Bored Ape Yacht Club (BAYC) community. ARC will perform their digital-come-real world immersive set to an audience of 600,000+.
How Football, Baseball, And UFC Companies Use Crypto To Build Better Fan Relationships (3 minutes)
The newest trend among crypto projects is sports sponsorships in football, Formula 1, UFC, eSports, and baseball. Multi-million dollar investments in sports deals is mainly aimed at building legitimacy and engagements with sports fans. Manchester City F.C. announced a sponsorship deal with OKX (formerly known as OKEx) that will see OKX add in-stadium branding at the Etihad and Academy Stadia.
What is a Domain NFT: What You Need to Know About NFT Domains (9 minutes)
A domain NFT is a unique domain represented by a single Non-Fungible Token that combines two vital ideas: they are crypto wallet addresses that also function as website domains. Domain NFTs are usually one-time purchases, in comparison to the annual renewal fee-based traditional Web-2 domain business models. NFT domains are 100% user-owned, meaning a centralized entity such as GoDaddy or Google can’t censor or repossess your domain at their will.
Biden Issues Long-Awaited US Executive Order On Crypto (7 minutes)
President Joe Biden signs first-of-its-kind executive order on cryptocurrencies. Order does not lay out specific positions the administration wants agencies to adopt, or impose new regulations on the sector. Order focuses on consumer protection, financial stability, illicit uses, leadership in the global financial sector, financial inclusion and responsible innovation. Bitcoin’s price surged more than $3,000 (close to 8%) on Tuesday after Treasury Department statement on the order was seemingly inadvertently published.
