Crypto Trends Weekly – Oct. 29 – Nov. 4

    06 Nov 2022

    Breaking crypto news from the last week (Oct. 29 – Nov. 4, 2022):

    Oct. 29: Mike Winkelmann, a digital artist, also known as Beeple, is planning to build his own museum in the US to exhibit digital art, including NFTs. Known for his record-breaking sale of NFT artwork at a Christie’s auction, the artist is now aiming to bring the NFT world to a broader audience by establishing a real-world studio that will host exhibitions.

    Oct. 30: The UAE’s Central Bank (CBUAE) has announced the completion of “the world’s largest pilot” of central bank digital currency (CBDC) in collaboration with the central banks of four countries. Central banks from Thailand, Hong Kong, and China, with more than 20 commercial banks from these countries, took part in the pilot, recording over $21 million in transactions during the experiment.

    Oct. 31: GameStop’s NFT marketplace has officially launched on layer-2 Ethereum scaling protocol Immutable X and will offer digital assets from major Web3 games.

    Nov. 1: Find Satoshi Lab, the company behind the move-to-earn application STEPN, is releasing membership-based, multi-chain NFT marketplace MOOAR, aiming to establish a self-sustaining ecosystem for its product lineup.

    Indian Finance Minister Nirmala Sitharaman said crypto assets regulation should be an international priority and will be a hot topic at a summit next month, opening India’s yearlong presidency of the Group of 20 nations. The country will host the annual G-20 summit next year and thus help shape the agenda.

    Nov. 2: One of the most popular crypto wallets MetaMask has partnered with NFTBank to power necessary pricing information with its new NFT portfolio product for about 5000 NFT collections owned by its users. MetaMask intends to resolve NFT pricing complications using an advanced machine-learning algorithm.

    Nov. 3: Swiss investment bank UBS AG introduced its digital bond, claiming to be the world’s first publicly traded bond settled on both blockchain-based and traditional exchanges. The bond will be issued on the blockchain platform of SIX Digital Exchange (SDX), not requiring a central clearing counterparty. Issuing the blockchain-based bond will probably encourage more banks to follow.

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