Crypto News - 1 September 2024

Crypto News - 1 September 2024

Sep 1, 2024

Marshall Hayner, CEO of Metallicus, and Congressman Byron Donalds, a prominent member of the Financial Services Committee and the Subcommittee on Digital Assets, Financial Technology, and Inclusion, recently appeared in an exclusive interview on CoinDesk, hosted by Jenn Sanasie. The discussion titled “State of the Blockchain Nation” underscored the critical juncture at which the blockchain and cryptocurrency industry finds itself, with significant implications for regulation, innovation, and the broader adoption of these technologies. Both speakers advocated for a balanced regulatory approach that fosters innovation while protecting consumers and ensuring the U.S. remains a leader in this rapidly evolving space. You can watch the full interview here.

Last week Metallicus CFO, Irina Berkon, joined Jill Maladrino on Nasdaq TradeTalks last week to discuss how market strategy, portfolio management, and emerging technologies are converging to shape the future of global business and investment. The discussion highlighted how emerging technologies like DeFi, blockchain, and predictive analytics are transforming traditional sectors, from finance to social impact. The discussion underscored the importance of collaboration between public and private sectors, the necessity of aligning innovation with regulatory frameworks, and the growing role of data in driving impactful investments. Despite challenges, there is optimism about the potential of these technologies to reshape global business and investment, especially in emerging markets. You can watch the full talk here.

Bitcoin is down on the week, dragging the rest of the market with it. Monday saw significant inflows on the Bitcoin ETF front but all of that was undone on Tuesday and Wednesday with large outflows easing off on Thursday. Bitcoin ETF flows can be an indicator of institutional investor sentiment but they aren’t the sole factor determining price movements. While big inflows can signal growing confidence in the asset and potential upward momentum, outflows could suggest investor caution or profit-taking. It doesn’t tell the whole story however, and we have to consider ETF flows in the context of other market factors like macroeconomic trends, the regulatory environment and overall market liquidity.

Former US President Donald Trump launched a new series of digital collectables this week as NFTs where collectors can win various bonus perks such as attendance at a gala dinner with Trump, gold colored Trump-branded sneakers and a piece of the suit Trump wore during his recent debate with President Joe Biden.

Sony Pictures and Sony Music are diving into the world of blockchain with their new Layer 2 blockchain based on the OP Stack (like Metal L2) called Soneium. “While the Internet has contributed to improving convenience worldwide, it has led to the centralization of a huge amount of information and the economic sphere online,” Sony said, “Web3 makes it possible to decentralize that concentrated power.”

For more news and updates, follow the MetalPaysMe account on X!

Experience swift, secure crypto trading with Metal Pay. Benefit from the lowest fees, easy card purchases, and dedicated 24/7 human support. Simplify your digital asset transactions with us.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2024 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.

Experience swift, secure crypto trading with Metal Pay. Benefit from the lowest fees, easy card purchases, and dedicated 24/7 human support. Simplify your digital asset transactions with us.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2024 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.

Experience swift, secure crypto trading with Metal Pay. Benefit from the lowest fees, easy card purchases, and dedicated 24/7 human support. Simplify your digital asset transactions with us.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2024 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.