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In this episode, Brendan McShane discusses Facebook looking to get into the NFT space, being able to pay your mortgage with BTC, Budweiser purchasing a $120K NFT and Beer.eth, and Citigroup files to Trade BTC Futures.
“Facebook ‘definitely looking’ at NFTs, says exec”
David Marcus co-creator of Facebook's cryptocurrency Diem said, "When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs." Facebook has a large existing user base to launch an NFT platform to compliment their wallet. Instagram is built for pictures already, so it could easily be used to show NFT art.
“Bitcoin hashrate triples since June 28 in recovery from China syndrome”
The Bitcoin hashrate has hit an ATH 197.6 EH/s on May 13 on to fall more the 65% in the following 6 weeks. The hashrate has recovered and hit another ATH. This means that the network is more secure than ever.
“Second Largest U.S. Mortgage Lender to Take Bitcoin Payments”
United Wholesale Mortgage has announced they will accept bitcoin and are considering other cryptocurrencies. They have no disclosed if they are going to hold onto the crypto or simply exchange it for Fiat when received.
“Budweiser uses $120K to purchase 'fan art' NFT and Beer.eth domain”
Budweiser purchased an NFT rocket ship with their logo on OpenSea for 8 ETH. Additionally, Budweiser bought a domain Beer.ETH through ENS. Budweiser's purchase of an NFT comes after Versions' recent purchase of a Crypto Punk. Budweiser into the beer company trying to get into the crypto space. Stella Artois teamed up with Zed Run to sell a Stella Artois digital race horse.
Citigroup is still waiting for regulatory approval to begin trading BTC futures as they are reportedly looking to offer this services to their biggest clients. In June, the company formed a digital assets group within its wealth management.
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