WNBA <3 NFTs: Crypto News Recap, Aug. 25
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WNBA <3 NFTs: Crypto News Recap, Aug. 25

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Today, we take a look at crypto adoption in the U.S., as well as how women's basketball is getting into NFTs.

WNBA <3 NFTs: Crypto News Recap, Aug. 25

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Crypto Investors Doubled This Year CNBC Survey Finds 🪙

A study found that 11% of American adults now buy or trade cryptocurrencies. The survey, by CNBC and AI research firm Momentive, also found that half of those investors entered the crypto market in the past 12 months, with male and younger Americans overrepresented. Recent industry-run surveys said 13% to 22% invest in crypto. Read more.

Facebook’s Novi Focused on NFTs, Metaverse  🖥️

David Marcus, head of Facebook’s Novi digital wallet project, said the Mark Zuckerberg-favorite metaverse needs “seamless movements of value.” He is also its pointman on the troubled Diem stablecoin project — formerly known as Libra. While not confirming NFT support, it is something the company is “definitely” looking into, he said. Get the details here

WNBA Jumps at Top Shots NFT Partnership ⛹️‍♀️

The WNBA joined its male counterpart in partnering with NFT maker Dapper Labs to create its own version of Top Shots. The NBA Top Shots NFTs are essentially digital trading cards with highlight-reel video clips — slam dunks, blocks, etc. It is the biggest NFT project out there, with its “Moments” NFTs sold and resold nine million times. Score more info here.

U.K. Regulator Bans Binance’s U.K. Arm 🇬🇧

The U.K.’s Financial Conduct Authority announced a ban on top global cryptocurrency exchange Binance’s local arm, Binance Markets Limited. The regulator said “based upon the firm's engagement to date, the FCA considers that the firm is not capable of being effectively supervised.” The FCA banned the Binance exchange in June. See more here.
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