Christie’s, the world’s leading auction house, announced the launch of a new venture capital unit that aims to pursue Web3 investment opportunities in the art sector. According to a press release, the newly launched venture arm, called Christie’s Ventures, will “provide financial resources and expert support to Emerging Technology and FinTech companies creating solutions with art market relevancy.”
Multinational entertainment and media conglomerate the Walt Disney Co. announced on Wednesday a group of six companies that have been selected for the 2022 Disney Accelerator. Ethereum Layer 2 developer Polygon is the only blockchain-native company to have made the list.
Popular trading platform Robinhood unveiled on Thursday the launch of crypto transfers. The new feature will allow Robinhood users to send and receive Bitcoin and a plethora of other supported cryptocurrencies directly on the blockchain.
Social media giant Reddit announced on Thursday the launch of so-called Collectible Avatars. Although the social media platform completely omitted any kind of NFT-related terms in its blog post, the newly-launched collector’s items are still image-based, blockchain-powered collectibles that are not fungible – in short, they are non-fungible tokens (NFTs).
The Bank for International Settlements (BIS), a global central bank governing body, is seemingly getting ready to welcome Bitcoin (BTC) and other cryptocurrencies into the reserve assets fold, by allowing banks to keep up to one percent of their reserves in digital currencies.
Circle, the issuer of the second largest market cap stablecoin USD Coin (USDC), announced on Tuesday that it is partnering with New York Community Bancorp (NYCB). As a part of the deal, the New York-headquartered financial firm will become a custodian of USDC cash reserves and collaborate with Circle to promote low-cost payments services for “unbanked communities”.
Key takeaways: Mastercard has published the results of a survey on emerging payment technologies called New Payments Index 2022 More than half of consumers from Latin America have made a crypto asset transaction in the past, according to the survey’s findings 54% of Latin American users say they are bullish on crypto as an investment…
ProShares, the Maryland-headquartered issuer of exchange-traded funds (ETFs), is launching the first short Bitcoin-linked ETF in the United States. As the name suggests, the ProShares Short Bitcoin Strategy ETF (BITI) will let traders pursue investment opportunities pertaining to Bitcoin’s negative price movements.
Global management consulting firm McKinsey & Company (“McKinsey”) has published a 77-page report on the metaverse and its potential to disrupt a number of existing industries. According to the findings of one of the “Big Three” management consultancies, the metaverse sector could grow to become a $5 trillion industry by 2030.