Daily Crypto News | June 23rd, 2022

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1. Tether Launching A New Stablecoin Pegged to British Pound Sterling

The upcoming pound-pegged coin GBPT will be the next to join USDT, EURT, CHNT, and MXNT to become the world’s biggest stablecoin issuer’s fifth coin that is fiat-currency-pegged. Tether announced that this coin will be officially introduced to the market in July.

The stablecoin will be first supported by Ethereum blockchain. With one of the purposes of fiat-pegged stablecoins being a means to connect blockchain currencies to real life currencies, Tether is working hard to create a network where most used fiat currencies would have a stablecoin for themselves.

2. eBay Announces The Purchase Of KnownOrigin, Expanding Into The NFT Market

One of the biggest e-commerce entities, eBay, has set its foot into the realm of NFTs and blockchain, as on Wednesday, NFT Marketplace KnownOrigin was purchased by eBay for a secret amount. The co-founder of KnownOrigin David Moore believes this will “empower creators and collectors by giving them the ability to showcase, sell and collect unique, authenticated digital items.”

Along with enabling users to generate, buy, or sell NFTs within the platform, both eBay and KnownOrigin have shown a keen interest in the future of their collaboration. “As interest in NFTs continues to grow, we believe now is the perfect time for us to partner with a company that has the reach and experience of eBay,” said David Moore.

3. Fed Chair Jerome Powell Demands Regulations On Crypto

Amid the ever-rising inflation rate of 8.6%, which is currently sitting at a four-decade high, Federal Reserve Chair Jerome Powell has made his decision. Powell said to Congress that interest rates have to keep going up to bring inflation down, knowing very well that could lead to more unemployment and a potential economic recession.

Despite the major raise already made to interest rates, Powell said the Fed wouldn’t stop raising until there’s a visible sign that inflation is backing down. “Financial conditions have already priced in additional rate increases, but we need to go ahead and have them,” said Jerome Powell.

4. NFT-Based PC Game Blankos Block Party Will Be On Epic Games Store

Blankos Block Party, an NFT game that said to have accumulated over 1 million players, will soon be facing greater popularity once listed on Epic Games Store. Publisher Mythical Games announced this news with hopes that Blankos Block Party would be among one of the first NFT games ever launched on Epic Games’ market.

Epic Games is a big name in the gaming industry, with almost 200 million users by the end of 2021. Being the publisher of the global hit Fortnite and the famous software Unreal Engine, Epic Games has shown more interest in bloackchain games compared to its rival platform Steam.

5. Shopify Launching NFT-Gated Storefronts For Online Sellers

Another major e-commerce platform after eBAy is leaning toward an expansion into the realm of blockchain. Shopify is launching NFT-gated fronts for store to have more unique features.

“Invite your community into a world that recognizes and rewards loyalty,” said the advertisement narator. The full commercial video shows a woman skateboarding through a portal and transforming into a Doodle NFT.

“Token holders connect a crypto wallet to unlock exclusive shopping experiences, from early access to drops and limited collections to one-of-a-kind experiences and other surprises,” also said in the video.

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