NFT Market Weekly Update | November 22
Your weekly recap of the most critical developments in the NFT market. It covers the top news, market statistics, and upcoming projects to monitor!
To monitor cryptocurrency exchanges' reserve levels, CoinMarketCap has released a proof-of-reserve tracker
By displaying the total assets and public wallet addresses, along with the balance and value of the wallets displayed, the tool enables users to keep tabs on the reserves of exchanges.
Despite the crypto winter, 2022 will see more than 100 million cryptocurrency wallet downloads
Wallets have emerged as the primary entry point for the digital currency market as cryptocurrencies develop and proponents push for the sector's mainstream adoption.
Response from Ripple's General Counsel to SEC Filings
Ripple's general counsel Stuart Alderoty recently addressed a New York Times article that incorrectly attributed authority to the SEC in determining whether or not XRP is a security.
Alameda Research has consolidated $93,353,985 worth of alternative cryptocurrencies based on Ethereum into a single wallet
There is evidence that Sam Bankman-defunct Fried's cryptocurrency trading firm, Alameda Research, is moving crypto assets into a single wallet.
Tioga Capital led a $5 million funding round for NFT utility platform Tropee
Tropee, an NFT utility platform, received a $5 million investment from Tioga Capital. Tropee aims to add value to NFTs by making it simple for brands to make user experiences out of their collections.
As 400K ETH is moved from crypto exchanges, the price of Ethereum slips
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has caught the attention of whales due to a recent drop in price. In line with the general decline of the cryptocurrency market, whales were deeply involved in the massive accumulation of ETH.
22 Nov 2022
Trademark Approval Granted to JPMorgan Chase for Cryptocurrency Wallet
JPMorgan has trademarked a cryptocurrency digital wallet and associated cryptocurrency processing services. The trademark is not limited to the cryptocurrency industry but can also be used for other financial services.
21 Nov 2022
As post-FTX fundraising efforts stall, Genesis Trading issues a bankruptcy warning.
The crypto giant may be the latest victim of "crypto contagion" after suspending lending services earlier this month.
21 Nov 2022
This is what CZ's call for “self-custody” means for Binance and its long-term prospects.
Binance, the largest cryptocurrency exchange in the world, just announced a strange investment. This was because it has the potential to discourage people from using the service.
21 Nov 2022
Uniswap has announced that it is collecting user data in a specific way.
A common misconception is that the widely used decentralized exchange keeps track of user information like names and IP addresses.
