Crypto News, Dec. 16: A Turning Point for Bitcoin?
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Crypto News, Dec. 16: A Turning Point for Bitcoin?

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2 years ago

Plus, an almighty row has broken out between a luxury handbag brand and an NFT collection.

Crypto News, Dec. 16: A Turning Point for Bitcoin?

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Bitcoin jumps on Fed remarks 📈

Bitcoin jumped on Wednesday after the Federal Reserve confirmed it plans to cut its stimulus program by March. This could pave the way for interest rates to increase in 2022, with most economists on the Federal Open Market Committee expecting three such rises next year. Bitcoin had been trading nervously in the run-up to the Fed's announcement — but spiked from $47,800 to $49,400 as the central bank's chairman, Jerome Powell, delivered a press briefing.

Kevin Durant teams up with Coinbase 💪

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Hérmes furious over MetaBirkins 😡

An almighty row has broken out between a luxury handbag brand and an NFT collection. Digital artist Mason Rothschild has created MetaBirkins — tokenized versions of the Birkin bags regularly seen on the arms of A-listers. Each of the 100 NFTs features a unique bag shrouded in faux fur and decorated in dramatic colors. But the designer brand says it did not authorize or consent for its Birkin bags to be recreated in the metaverse — and the NFTs infringe on its intellectual property.

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