Monday, May 23, 2022

Your Weekly Update On All Things Crypto

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TL;DR

Could Coinbase’s New Web 3.0 Initiatives Help The Exchange Get Out Of Its Slump...
CBDC Development Continues As SWIFT Investigates Potential Of Central Bank Digital Currencies...
Instagram Enabling NFTs...
Bad To Worse For Tether (USDT)...
Bitcoin Reverts to 200 Week Moving Average, Beware of Pullback To 2017 Bull
Market Top ETH/BTC Starts and Finishes Week Below Resistance, Bear Market Engaged

MACRO NEWS

Could Coinbase’s New Web 3.0 Initiatives Help The Exchange Out Of Its Slump...

The world is fast approaching what is quickly becoming known as the Web 3.0 era, which has since led to numerous businesses and companies across a variety of fields scrambling to implement new software and features which can help facilitate their customers with the eventual transition...

CBDC Development Continues As SWIFT Investigates Potential Of Central Bank Digital Currencies...

The interest in CBDCs (Central Bank Digital Currencies) has been steadily increasing, with nine out of ten of the worlds central banks now actively exploring them. According to a recent report by SWIFT detailing their trials with the Bank for International Settlements, these CBDCs include economies which account for more than 90% of global GDP...

Instagram Enabling NFTs...

Following months of speculation, Instagram has finally incorporated sharing NFTs into its platform, beginning with a small group of American creators.

Instagram CEO Adam Mosseri stated last week that Instagram has began testing its NFT integration with a restricted group of creators in the United States...

Bad To Worse For Tether (USDT)...

Things are going from bad to worse for Tether (USDT) as the companys plea to New Yorks Supreme Court for permission to exclude the public from examining papers which describe the nature of Tethers reserves over the previous few years has now been denied...

INDUSTRY EVENTS

Enterprise Blockchain Forum

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TECHNICAL ANALYSIS

Bitcoin Revets to 200 Week Moving Average, Beware of Pullback To 2017 Bull Market Top

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ETH/BTC Starts and Finishes Weak Below Resistance, Bear Market Engaged

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CONTENT OF THE WEEK

Mike Novogratz Finally Reacts To Terra Luna Collapse

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Europe's Crypto Crackdown!! What It Means FOR YOU!! 🇪🇺

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Bitcoin Crashing to $14,000?!

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.