Crypto NFT Today: The Latest on Blockchain, Cryptocurrency, and NFTs: September 21-27, 2022

Welcome to another edition of Crypto NFT Today! If you love cryptocurrency, NFTs and emotional rollercoasters, this is the place to be.

Are you ready for the crunch? Let’s start.

Robinhood adds USDC to app

Robinhood, a popular stock trading app, added Circle’s USDC stablecoin to its crypto offerings for retail traders on Tuesday.

The company added in a tweet the offer will also be available on Wednesday for transfer to the Polygon and Ethereum networks.

Robinhood’s inclusion of USDC indicates that the company is looking overseas where the use of stablecoins is more popular and useful for investors.

Crypto options have grown significantly on the platform over the past few years, with Robinhood now offering a total of 17 digital currencies.

Top Cryptos Languish Ahead of Expected Rate Hike

Flagship cryptocurrency Bitcoin hit a three-month low of $18,247 on Monday, with analysts and investors expecting a rally after its rapid decline from an all-time high of over $60,000.

Expectations of further Fed rate hikes could be one of the main culprits leading to Bitcoin’s languishing status as investors continue to flee risky assets.

The Federal Reserve is expected to hike rates by three-quarters of a percentage point for the third straight time this week in a bid to keep inflation under control.

Ether, the second-largest cryptocurrency is not faring much better after the long-awaited “Merge” upgrade, hitting a two-month low of $1,280 on Monday.

Nasdaq takes a step on crypto

The Nasdaq, the second-largest US stock exchange operator, is taking its first step towards cryptocurrency adoption.

In a press release on Tuesday, the company announced that it was launching a cryptocurrency custody service in an effort to capitalize on demand from institutional crypto investors.

Nasdaq will compete with crypto exchange Coinbase and crypto custodians sAnchorage Digital and BitGo to hold bitcoin and ether for institutional clients in the US

The head of Nasdaq’s new digital assets unit, Ira Auerbach, says Nasdaq is ready to work with crypto-native companies, though it has no near-term acquisition plans, according to a report. from Bloomberg.

Former Treasury Secretary to speak at this year’s AIM Summit

Lawrence Summers, an American economist who served as US Treasury Secretary from 1999 to 2001 under Bill Clinton, as well as director of the National Economic Council from 2009 to 2010 under Barack Obama, will offer his perspective on the global economy and financial markets during of the 13th edition of the AIM summit to be held on November 21 and 22 in Dubai.

This year, special emphasis is placed on the current global economy, inflation, stagflation and recession. Summers will explain why the United States is likely to be heading into a recession over the next two years and discuss how globalization, trade and technology will play a central role in the future of the global economy. Summers will also share his perspective on crypto and blockchain.

The Crypto War Begins

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