Crypto Trends Weekly – Dec. 17–23

Breaking crypto news from the last week (Dec. 17–23, 2022):

Dec. 17: Fireblocks, a crypto custody tech provider, has received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification – a security standard for crypto wallets and custody. The CCSS was created in 2014, but no crypto company has met the necessary standards so far.

Dec. 19: Binance.US has been selected by Voyager Digital as the “highest and best bid” for its assets as part of its Chapter 11 bankruptcy proceedings, the company said. The deal is valued at $1.022 billion for Voyager’s existing portfolio and “incremental value.”

Dec. 20: Sandeep Nailwal, a co-founder of Polygon and Symbolic Capital, has launched the Web3 startup accelerator Beacon. It aims to create the next hundred Web3 unicorns.

Dec. 21: Monthly sales on metaverse platforms have fallen 96% in 2022, The Block’s new report revealed. The Sandbox reclaimed its market dominance among metaverse platforms, while Decentraland finished the year with the most valued metaverse land parcels.

Despite the global crypto market experiencing a series of heavy shocks this year, data shows people are still enthusiastic about the Web3 industry and are far from losing interest. LunarCrush data revealed that there were 446,775 average social contributions as of December, while Bitcoin led social mentions, with more than 2,000 mentions within 10 minutes.

Dec. 22: The BNB Chain has seen its number of unique addresses on the blockchain grow significantly that the network now surpasses by that metric Ethereum, the second-largest cryptocurrency by market cap.

Dec. 23: Leading NFT marketplace OpenSea is actively delisting Cuban artists and users to comply with US sanctions, Artnet News reported. While most blockchain technology is decentralized, large centralized platforms comply with international sanctions.