Crypto Trends Weekly Feb. 12 – 18

Breaking crypto news from the last week (Feb. 12 – 18, 2022):

Feb. 12: The supply ratio has shrunk by 3%, and Bitcoin exchange supply is the lowest in 37 months. BTC exchanges now hold only 10.8% of the supply. Amid global adoption and holding trends, BTC owners have substantially moved their digital assets from trading platforms to crypto wallets in the last three years.

Feb. 13: The company driving Abu Dhabi’s fast-growing gaming industry, AD Gaming, has signed a partnership agreement with Attarius Network, a local crypto and blockchain company. The first in the region deal aims to bring blockchain solutions to the emirate’s game developers.

Feb. 15: The New York Stock Exchange (NYSE) has applied to register the term “NYSE” for an NFT marketplace, getting closer to setting up an online trading place for cryptocurrencies and NFTs. The move comes after the NYSE minted six NFTs last year, commemorating the debut of hot tech stocks on the exchange.

Feb. 16: JPMorgan, the largest US lender, had become the first bank to arrive in the metaverse, having opened the Onyx lounge in a blockchain-based virtual world Decentraland. According to a report, the bank sees “limitless” opportunities in the virtual world, with a new workforce and expanded virtual real-estate ownership financed by DAOs.

Feb. 17: The United Arab Emirates (UAE) is formulating a licensing regime for virtual asset service providers to formalize the crypto economy and become a global industry hub. Meanwhile, various free zones in the country had introduced crypto regulations as early as 2018.

Sequoia Capital, a prominent venture capital firm, is looking to raise $500 million to $600 million for its first crypto fund. After the firm’s major restructuring, announced in October, it is one of the first launched sub-funds. The Sequoia Crypto Fund will primarily focus on investing in liquid tokens and digital assets.

Feb. 18: EU Commissioner for Home Affairs said that the European Union is open to digital assets but with fraud-preventing regulation. Regulation and cybercrime in the crypto industry sparked the discussion around crypto at the Munich Security Conference 2022.