News of the week. Friday, January 28

Friday, January 28. The week is coming to an end, so we can talk about the most interesting news in the crypto industry over the past day.

White House to speed up development of cryptocurrency regulation

The administration of U.S. President Joe Biden has instructed federal agencies to submit to an analysis of digital assets and prepare the appropriate regulatory framework for national security interests.

In the next few weeks, the White House will release an executive order that will require the agencies involved to examine cryptocurrencies, stablecoins and NFTs. The act will affect the State Department, the Treasury Department, the National Economic Council and the Council of Economic Advisers.

The Biden administration will give the agencies three to six months to prepare proposals. The White House will act as coordinator.

MicroStrategy Plans to Keep Buying BTC Despite Market Correction

MicroStrategy CFO Phong Le said that the company plans to continue buying bitcoin in the future, despite its falling price and complaints from regulators.

Phong Le did not specify exactly how much bitcoin MicroStrategy will buy this year. He also added that the company is not going to sell digital assets.

Recall that the US Securities and Exchange Commission made a remark to MicroStrategy regarding the display of the value of digital assets in financial statements.

YouTube Considers NFT Integration

Video hosting YouTube is exploring the possibility of adding options for content creators related to non-fungible tokens. This was announced by the CEO of the platform Susan Wojcicki.

“We are always focused on expanding the YouTube ecosystem and are ready to help bloggers benefit from new technologies, including NFT,” she wrote in her address.

According to a top manager, YouTube uses Web 3.0 as “a source of inspiration.”

Recall, Twitter introduced the NFT verification option in the form of a profile photo

In January, the media reported that Meta plans to integrate non-fungible tokens into Facebook and Instagram.

Tarantino sells first NFT from collection for $1.1 million

Director Quentin Tarantino has sold a non-fungible Royale with Cheese token based on the 1994 film Pulp Fiction for $1.1 million.

Acquired NFT decentralized autonomous organization AnonDAO.

The entire NFT collection from Tarantino contains seven tokens with chapters from the director’s original script. In addition, there are exclusive audio commentaries.

Bidding takes place in seven stages:

  1. January 17-21 – Royale with Cheese;
  2. January 24 – Pumpkin and Honey Bunny;
  3. January 25 – Foot Massage;
  4. January 26 – Check Out the Big Brain on Brett;
  5. January 27 – Captain Koons Monologue – The Gold Watch;
  6. January 28 – Bring Out the Gimp;
  7. January 31 – Last Scene: Coffee Shop – Ezekiel 25:17.

Recall that in November 2021, Tarantino announced an NFT auction based on Pulp Fiction.

In response, the Miramax film studio filed a lawsuit against the filmmaker, accusing him of unfair competition, breach of contract and copyright.

Robinhood shares fell 15%

Robinhood shares fell 15% in the after trading session on January 27th. The reason was the low compared to market expectations ($448.2 million) forecast for revenue in the first quarter ($340 million), as well as a decrease in the number of active users – from 18.9 million to 17.3 million.

In addition, the online broker disappointed the market, which was counting on an increase in the audience to 19.8 million.

The firm’s total fourth-quarter net income of $363 million was slightly above analyst consensus. Loss per share amounted to $0.49 against market expectations of $0.45.

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