Monday November 7, 2022

Your Weekly Update On All Things Crypto

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TL;DR

JPMorgan Successfully Conducts First On Chain DeFi Transaction
To Add To Security OpenSea Announces Testing With Systems To Freeze Suspicious NFT Sales
Instagram Announces Digital Creators Will Soon Be Able To Mint And Sell NFTs On The Platform
Immutable X Powering GameStops NFT Marketplace
Bitcoin Finds Support Above 50-day Moving Average
ETH/BTC 50-day Moving Average Avoids Death Cross

MACRO NEWS

JPMorgan Successfully Conducts First On Chain DeFi Transaction...

JP Morgan has successfully completed its inaugural cross-border transaction using DeFi on a public blockchain. In doing so, the banking giant has begun paving the way for other banking and financial institutions to start using decentralized finance as a default infrastructure going forward.

To Add To Security OpenSea Announces Testing With Systems To Freeze Suspicious NFT Sales...

The worlds biggest NFT marketplace, OpenSea, recently announced that it shall be testing a new system which freezes trading of NFTs involved in suspicious sales while it investigates the transaction to prevent theft, scams, and any other potential fraudulent behavior.

Instagram Announces Digital Creators Will Soon Be Able To Mint And Sell NFTs On The Platform...

Instagram has announced that a select group of digital creators will soon be able to mint and sell NFTs directly the social media platform instead of relying on various third parties.

Immutable X Powering GameStops NFT Marketplace...

Immutable X, a Layer 2 Ethereum scaling protocol, is now officially powering GameStops NFT marketplace as the initiative has gone live. In March of this year, Immutable was valued at $2.5 billion.

INDUSTRY EVENTS

Virtual NFT Confex

November 9/2022

“Digitally Focused premium NFT art conference and Exhibition”

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TECHNICAL ANALYSIS

Bitcoin Finds Support Above 50-Day Moving Average

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ETH/BTC 50-day Moving Average Avoids Death Cross

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CONTENT OF THE WEEK

VERY BAD News For The Future Of Finance... Get Ready

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The REAL Truth About The Crypto Bear Market - Changpeng Zhao (Binance CEO)

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Report: Institutions Want Crypto!? You Won't Believe This!!

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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.