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Daily Crypto News 21 September

09-21-2021

Business
 
FTX CEO, Sam Bankman-Fried, has announced that tighter stock market regulations will have positive effects for investors. He added that if these programs are implemented properly, they would contribute to a higher return on assets for consumers. He added that stable coins are useful and that banning them would not be good. FTX is also seeking to increase its presence in the non-fungible token (NFT) as exchange managers expose plans to build their own market, competing with OpenSea, the market leader.
 

Blockchain
 
The Boston Blockchain Association, or BBA, along with the Boston-based media house Media Shower and the Chamber of Digital Commerce, are working to lobby for favorable crypto rules in Massachusetts. The document aims to guide the country's politicians to pass laws that will benefit the cryptocurrency industry within the British Community. Legal and regulatory sandboxes often provide a suitable environment for start-up crypto companies to start early operations without being burdened by burdensome laws and guidelines. The sets of cryptopolitics tools from industry supporters are becoming a regular feature of the dialogue between blockchain groups and politicians. These interactions are often aimed at smoothing out regulatory issues to prevent the establishment of unfavorable crypto laws.
 
 
Banks
 
The Brazilian investment bank announced that BTG Pactual plans to launch a blockchain-based investment platform. BTG Pactual's crypto arm, called Mynt, will be available in the last quarter of 2021 and will allow exposure to bitcoins and ether. This means that they will have the two main assets on the market to begin with, but over time they will include others. In 2017 issued its security token ReitBZ. It is one of the largest investment banks in Latin America and offers wealth management, corporate lending, asset management and sales and trading services. 
 
NFTs
 
On Monday (September 20), crypto analyst and influencer Ben Armstrong talked about Cardano’s rapidly growing non-fungible token (NFT) sector. In a tweet he sent out earlier today, Armstrong, who is the host of the very popular “BitBoy Crypto” YouTube channel, said that Cardano NFTs “seem to have a bright future” despite ” being “so young to the NFT space.” He then proceeded to mention several Cardano-powered NFT projects, such as the Zombits, the SpaceBudz and of course Clay Nation, Armstrongs favorite collection.