Crypto Trends Weekly May 21 – 27

    30 May 2022

    Breaking crypto news from the last week (May 21 – 27, 2022):

    May 21: The world’s most popular NFT marketplace OpenSea has unveiled a new Web3 protocol, Seaport, that allows anyone to set up new and decentralized NFT marketplaces. As per some members of the community, the protocol could become the “Uniswap moment” of NFTs.

    May 22: Bitcoin Pizza Day commemorates the day in 2010 when Laszlo Hanyecz, a programmer and BTC miner from Florida, used the crypto to purchase two pizzas from Papa John’s. It occurs every year on May 22. It is the first physical item purchased with the first decentralized digital currency.

    May 23: Video game and electronics retailer GameStop Corp. unveiled a digital asset wallet that will let gamers and others store, send, receive and use cryptocurrencies and NFTs on several decentralized apps without leaving their web browsers. Upon the announcement, GameStop shares jumped nearly 3% in pre-market trading on Monday.

    May 24: Binance, Circle, and some other prominent crypto firms have launched a crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.”

    May 25: Major venture capital firm Andreessen Horowitz (a16z) has unveiled the largest-ever $4.5 billion crypto fund despite the ongoing downturn in the global financial markets. Focused on crypto and Web3, the new Crypto Fund IV is double the size of its previous fund, launched in 2021.

    May 26: JPMorgan Chase & Co., an American multinational investment bank, believes that the world’s biggest cryptocurrency, Bitcoin, is 28% below its “fair price,” implying signs of “significant upside from here.” Bitcoin has also replaced real estate as one of JPMorgan’s preferred “alternative assets.”

    The Central Bank of Bahrain (CBB) has granted Binance, the largest global crypto exchange, a Category 4 license to operate as a crypto-asset service provider (CASP). The license allows it to offer a full-suite of crypto exchange services in Bahrain. Also, Binance will be aiding Kazakhstan in the creation of a regional blockchain hub.

    May 27: India, Hong Kong, and the UAE are the top three locations where play-to-earn games are most popular. In a recent study, Finder estimated that 34% of the Indian respondents had played play-to-earn (P2E) games, Hong Kong ranked second with 29%, while the UAE held the third position with 27%.

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