🪙 Crypto Market News
State Street Works With Regulators on ‘Mega’ Crypto Custody Push. State Street Corp. is working with U.S. regulators to ensure it’s in position to roll out custodial services for cryptocurrencies once approved, in the latest sign of traditional finance converging with digital assets. The centuries-old, Boston-headquartered bank started a digital division last June, and has “mega plans” to offer digital wallet safekeeping services to clients, according to Nadine Chakar, leader of the group. 📰 Bloomberg
Bank of America Sees No Crypto Winter Given User Adoption, Developer Activity Growth. Tightening by the U.S. Federal Reserve and macroeconomic headwinds are likely to limit upside for cryptocurrencies over the next six months. This won’t, however, be a “crypto winter” given the level of user adoption and growth in development activity, analysts led by Alkesh Shah wrote in the note Friday. Bitcoin exchange outflows suggest that buying on dips is muted, while exchange inflows for ether show the potential for continued price headwinds, the bank said. 📰 Coindesk
Ukraine Has Received Over $50 Million in Crypto Donations. The Ukrainian crypto crowdfunding effort has now reached $50.9 million, per figures published by blockchain analytics platform Elliptic. “The Ukrainian government—and an NGO providing support to the military—have raised $50.9 million, through more than 89,000 crypto asset donations since the start of the Russian invasion,” Elliptic wrote in a blog post. Ukraine’s crypto crowdfunding push began on February 26, 2022, when the Ukrainian government’s official Twitter account announced it was “now accepting cryptocurrency donations.” 📰 Decrypt
Griffin says 'fair to assume' that Citadel Securities will be market making in crypto in 'months to come'. Kenneth Griffin, the founder Citadel Securities, told Bloomberg in a new interview that his firm is on the path to market-making in the cryptocurrency sector in the coming months. The comments came during a wide-ranging interview piece published Tuesday, during which the billionaire touched on subjects like Russia's invasion of Ukraine and the overall temperature in the market. 📰 The Block Crypto
Crypto Market Cap Pushes Past $2T as Major Cryptos Surge. A broad run in the digital asset market, led by bitcoin nearing $45,000, has pushed the total market cap for crypto past $2 trillion, according to CoinGecko data. The crypto market was last at $2 trillion in August. In the last week, bitcoin has jumped nearly 14%, and ether has risen 12%. Analysts who spoke with CoinDesk previously said that capital controls in Russia are one reason for the rapid appreciation. 📰 Coindesk
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🖼️ NFT & Metaverse News
KPMG Canada Buys World of Women Ethereum NFT, ENS Domain Name. The Canadian outpost of the global accounting firm KPMG has purchased a World of Women (WoW) NFT and an Ethereum Name Service domain name just weeks after adding Bitcoin and Ethereum to its corporate treasury. KPMG Canada has purchased two NFTs so far: It bought World of Women #2681 and minted kpmgca.eth. It paid 25 ETH ($70,000) for Woman #2681, who has blue skin and wavy hair. 📰 Decrypt
NFT Marketplace OpenSea Blocks Users in Iran Due to U.S. Sanctions. U.S.-based NFT marketplace OpenSea has begun blocking users based in Iran, according to multiple reports from frustrated collectors and creators who recently found themselves unable to access the site. An OpenSea representative confirmed to Decrypt via email that it blocks users based in sanctioned territories:“OpenSea blocks users and territories on the U.S. sanctions list from using our services—including buying, selling, or transferring NFTs on OpenSea—and our Terms of Service explicitly prohibit sanctioned users or users in sanctioned territories from using our services.. 📰 Decrypt
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