Crypto Trends Weekly – October 22 – 28

Breaking crypto news from the last week (Oct. 22 – 28, 2022):

Oct. 22: OpenSea revises its NFT rarity ranking protocol OpenRarity, launched after community controversial feedback. Some community members argued that the new rarity ranking protocol disrupts the market-driven rarity structure for some NFT collections. Meanwhile, CoinShares launch its own experimental AI bot to determine a fair price for some NFTs; however, some users appear not happy with lower-than-expected prices.

Oct. 23: MakerDAO, the issuer of DAI stablecoin, is reportedly moving forward with a proposal to onboard an account to Coinbase prime and transfer about $1.1 billion (33% of its USDC) into custody. The platform could earn around 15 million USDC in annual revenue by moving assets to Coinbase, MakerDAO says.

Oct. 24: Apple has updated its App Store Review Guidelines with more rules for crypto assets, Web3 games, and NFTs. The tech giant’s ban on peer-to-peer NFT trading de facto remains. Apple also reaffirms its longstanding policy preventing links to alternative payment methods.

Oct. 25: Сrypto platform BitOasis and Mastercard have partnered to launch a series of crypto card programs in the MENA region to enable the use of cryptocurrencies at points of sale and across e-commerce platforms. It will allow BitOasis customers to link their crypto wallet balances to physical or virtual cards and make fiat payments across 90 million locations worldwide.

Oct. 26: SEBA bank, a Switzerland-based crypto-friendly bank, has announced an NFT custody solution that gives institutional investors the ability to hold NFT collections without managing private keys themselves. SEBA says it’s the first regulated bank to offer NFT custody.

Oct. 27: Twitter has announced it will let users display NFT marketplace listings from some platforms, as well as let them buy and sell digital collectibles. The integration could come in handy in Elon Musk’s plan for Twitter to be sustainable.

Oct. 28: Crypto exchange Binance has confirmed its role as an equity investor in Elon Musk’s acquisition of Twitter. The exchange also told Decrypt it is creating an internal team to help Twitter fight bot accounts using blockchain and crypto technology.