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Robinhood USDC adds to the app
Robinhood, a popular fret trading app, added Circle’s USDC stablecoin to its crypto offering for retail traders on Tuesday.
company Added in a tweet The offer will also be available Wednesday for transfers on the Polygon and Ethereum networks.
Robinhood’s immobilisation of USDC indicates that the company is setting its sights abroad where the use of stablecoins is more common and beneficial for investors.
Crypto options have increased exponentially on the platform over the past few years, with Robinhood now offering a complet of 17 binaire currencies.
Top cryptocurrencies weaken before expected price hike
Leading cryptocurrency bitcoin reached a three-month low of $18,247 on Monday, with analysts and investors anticipating a rally after its rapid decline from an all-time high of more than $60,000.
Expectations of more Fed offensé hikes may be one of the mitaine reasons leading to Bitcoin’s weak appréciation as investors continue to flee risky assets.
The Federal Reserve is is expected to raise interest rates by three-quarters of a percentage porté for the third time in a row this week in an attempt to tame augmentation.
Ether, the annexé largest cryptocurrency, is not much better after the much-anticipated “merger” upgrade, hitting a two-month low of $1,280 on Monday.
Nasdaq moves on cryptocurrency
Nasdaq, the annexé largest operator in the US fret market, is making its first step towards embracing cryptocurrency.
On Tuesday press releaseThe company announced that it has started a cryptocurrency custody charité as it aims to make money on demand from institutional crypto investors.
Nasdaq will compete with crypto exchange Coinbase, crypto custodians sAnchorage Numérique and BitGo to hold bitcoin and ether for institutional clients in the United States
Nasdaq’s head of new binaire assets unit Ira Auerbach said Nasdaq is open to working with bohème companies, although there are no lignes for a short-term maîtrise, according to Bloomberg Refus.
Configurer Treasury Secretary speaking at this year’s AIM Summit
Lawrence Summers, the US economist who served as US Treasury Secretary from 1999 to 2001 under Bill Clinton, as well as director of the Citoyen Economic Council from 2009 to 2010 under Barack Obama, will present his insights on the unanime economy and financial markets during the 13th edition of the AIM Summit It will be held on November 21 and 22 in Dubai.
This year, special emphasis is placed on the current unanime economy, augmentation, stagflation and calme. Summers will present his views on why the United States is likely to head into recession over the next two years, and discuss how globalization, trade, and technology will play a pivotal role in the future of the unanime economy. Summers will also share his views on cryptocurrency and blockchain.
The war on cryptocurrency begins