Crypto NFT Today: The Latest on Blockchain, Cryptocurrency and NFTs: August 17-23, 2022

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

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Unstoppable Domains launches iPhone app

Unstoppable Domains is on a mission to make blockchain-based applications more accessible to users. The crypto domain provider announced Tuesday that it is rolling out an iPhone app to bring Web3 within the reach of users.

Using the app, iPhone owners can connect their profiles to crypto wallets and log into over 180 decentralized apps, metaverses, and games.

The rollout is part of a broader strategy to streamline the use of unique identities and domains, making blockchain-based applications accessible and portable across a handful of protocols.

In recent months, Unstoppable Domains has partnered with Blue Studios to launch a family-friendly crypto wallet and has hired two former executives from IBM and Twitch. In July, it raised $65 million in Series A financing led by Pantera Capital.

Current Al-Rayyan SC and former star of Real Madrid and Everton follows other legends of the game, including Cristiano Ronaldo, by releasing an NFT commemorative collection.

ZKSpace, a zk-Rollup-based Ethereum Layer 2 (L2) protocol, will launch the public sale of the James Rodríguez Zurda NFT Collection on August 15.

Zurda – meaning “left foot” in Spanish – is an official collection of commemorative NFTs created in collaboration with Rodríguez and issued on ZKSea, the NFT coin and trading platform of the ZKSpace ecosystem.

The “Zurda” NFT Series is the first collection of digital assets that brings together all the highlights of Rodríguez’s career on three continents and many top European clubs.

Fed Opens Access and Protection to Crypto Firms

Crypto regulation seems inevitable, reflected in the Federal Reserve’s decision to take a major step towards codifying digital currencies.

The Fed announced Monday that it is releasing its final guidelines for new financial institutions to access its “primary accounts,” which these companies need to participate in the global payment system.

The central bank will create a three-stage system to assess whether a financial institution should have access.

Under the new regulations, Tier 1 banks would be federally insured. Tier 2 banks would not be federally insured, but are still “subject to the prudential supervision of a federal banking agency,” according to a statement by Fed Vice President Lael Brainard.

The third tier consists of companies that are “not federally insured and not subject to the prudential supervision of a federal banking agency,” according to CoinDesk.

European Crypto Exchange Launches Own Token

WhiteBIT, one of the largest cryptocurrency exchanges in Europe, recently shared plans to launch its own digital asset, WhiteBIT Token (WBT). The token offers users unique capabilities, such as lower costs and benefits.

The announcement follows a series of breaking news from the company. A month ago, the platform completed its functionality with perpetual futures trading and became one of the few crypto exchanges in the world to offer such an opportunity.

The new token will have a limited supply, have a weekly burn mechanism, and take on organic interactions with other projects in the ecosystem, WhiteBIT said in a statement.

The asset will be issued for an amount of 400 million WBT, of which 200 million in the form of cash tokens. This amount is distributed among corresponding funds within the ecosystem to protect the asset against inflation. Treasury tokens will be released gradually over the next three years. Half of the tokens issued will be frozen and marketed according to the predetermined schedule.

Benefits for WBT holders and owners include a 40-50% increase in referral rate, reduced fees, free ERC-20 token withdrawals, and free anti-money laundering checks.

Kevin Oleary and Raoul Pal – The BIG Turning Point for Crypto

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