Visa launches crypto consulting services for financial institutions, merchants
Visa is launching new consulting and advisory services to help its clients navigate the world of cryptocurrencies. The crypto advisory practice will offer advice to financial institutions, retailers, and other firms on everything from rolling out crypto features to exploring non-fungible tokens (NFTs). The move marks Visa’s latest attempt to push deeper into the crypto industry.
Crypto prices today: Bitcoin edges lower; Terra gain up to 11%
The global crypto market capitalisation fell marginally over the last 24 hours to stand at ~$2.36 trillion. Bitcoin is currently trading lower by 2.13% at $49,649. Ethereum is up 0.21% to $4,384.25. Terra zoomed nearly 11% to $74.97, while Binance Coin is up 3.71% at $601.45.
Kickstarter to start blockchain-based crowdfunding project on Celo
Kickstarter, A US-based public benefit corporation, is creating a new company to build a crowdfunding platform on the Celo blockchain. In order to serve its mission of allowing as many people as possible to pursue their creative projects, Kickstarter is developing an open-source protocol to create a decentralized version of its platform’s core functionality.
Crypto CEOs ask US Congress for clearer rules for industry
Top executives from six major cryptocurrency companies, including Coinbase and Circle, urged the United States Congress to provide clearer rules for the booming $3 trillion industry. They also warned that overly tough restrictions would push it overseas. Crypto executives repeated calls for careful and customised rules rather than forcing the industry to comply with existing regulations.
Libertarian magazine Reason gets in on Ethereum NFTs
In conjunction with its annual webathon fundraising event, Reason Magazine has auctioned an Ethereum NFT on the Open Sea marketplace. Founded in 1968, Reason is a libertarian magazine focused on free markets and individual freedom. Reason is the latest publication to use non-fungible tokens (NFTs) to raise funds and draw awareness through the digital art form.
Crypto is the ‘top contender’ for correction, says money managers
Digital assets are the “top contender” for a “major correction” in 2022, with nearly three-quarters of institutions polled saying they’re not an appropriate investment for most retail investors, according to a survey done for Natixis Investment Managers. Meanwhile, 28% of all institutions surveyed currently invest in cryptocurrencies. Of those, nearly one-third said they plan to increase their crypto allocations next year.
Reddit looks to expand Ethereum crypto rewards to more communities
Reddit has launched a new website and waitlist for its Ethereum-based Community Points rewards program. In July, the online discussion community picked Ethereum layer-2 scaling solution Arbitrum to grow the initiative. Users can earn Community Points in eligible subreddits by posting and engaging in discussion.