Robinhood plans Ethereum wallet with DeFi
Robinhood is building a standalone, non-custodial wallet that will give customers full control over their crypto assets. The new product will be similar to Web3-focused products like MetaMask and Coinbase Wallet that give users full control but also require them to manage their own private keys. It will let users trade and swap crypto with no network fees, access DeFi services, and store NFTs.
Crypto prices today: Bitcoin, ETH falls 2%
Bitcoin is currently trading at $29,812.6, a 2% decline over the previous day. Ethereum fell 2.14% over the last 24 hours to $2,030.36. Solana fell 1.9% to $55.27, while Cardano is trading lower by 2.9% at $0.561. Avalanche (AVAX) fell 1.44% to $33.43. The global crypto market cap stands at $1.28 trillion, a 1.66% decline over the previous day.
Terra’s legal team resigns in wake of UST, LUNA collapse
Terra’s in-house legal team has resigned in the wake of the industry-wide unrest generated by Terra’s collapse last week. Terra’s algorithmic stablecoin UST crashed last week, bringing Terra’s native token LUNA down with it and wiping out $40 billion in value in the process.
Getty Images to launch first NFTs on Palm through Candy Digital
Getty Images has entered the non-fungible token (NFT) world. It will mint NFTs on the Palm blockchain, an Ethereum-compatible sidechain. Getty Images will draw from its collection of over 465 million images, including 135 analog photographs, with a focus on turning never-before-seen archival works into NFTs.
G7 Finance Chiefs to discuss crypto-asset regulation
The regulation of crypto-assets is likely to be discussed at a meeting of Group of Seven finance chiefs this week in Germany, said French central bank head Francois Villeroy de Galhau. “What happened in the recent past is a wake-up call for the urgent need for global regulation,” he told an emerging markets conference in Paris.
