Quote of the week: “I simply think that, you know, the crypto coins are a bubble. I do think there are survivors… I do think we need an alternative to the dollar as we’ve seen in the last week or two and that you know, there will be several survivors and I’m invested to a small extent in bitcoin.”- Bill Gross, ‘King of Bonds’ and Prominent Crypto Critic.
NFT Mass Adoption Continues Featuring Instagram: Mark Zuckerberg made some comments at SXSW in Austin that confirmed that Instagram was preparing for NFTs. The CEO did not announce when the integration would occur but said that the company was “bringing NFTs to Instagram in the near term.” Source: https://www.coindesk.com/business/2022/03/15/mark-zuckerberg-says-nfts-are-coming-soon-to-instagram/
Crypto.com’s Exchange Platform is Now Available: Crypto.com’s exchange is now available to waitlist users, and it will be available to more users in the coming months. As of now, the trading platform can only be used by a limited number of institutional investors. The exchange announced that, in time, VIP users of the exchange will have the opportunity to access exclusive events, rewards, and market insights. Source: https://www.thestreet.com/investing/cryptocurrency/crypto-com-has-good-news-for-us-based-crypto-fans?puc=yahoo&cm_ven=YAHOO
Dubai issues its first Crypto License: FTX has become the first exchange to be granted a crypto license and trading house in Dubai. On Thursday, March 17, Binance secured a license to operate in Dubai, becoming the second license in a Middle East jurisdiction obtained this week. Sources:
Coinbase and NFTs: Coinbase announced this week the launch of Coinbase NFT, a peer-to-peer marketplace that allows users to discover, mint, purchase, and showcase NFTs. Already, Coinbase has met with hundreds of artists and creators looking to get into the NFT space. Coinbase’s NFT platform will provide a more collaborative environment and will enhance the interaction between users and creators. Source: https://finance.yahoo.com/news/coinbase-announces-plan-launch-nft-084525480.html
European MiCA Bill Update: The MiCA bill could have had a detrimental impact on the cryptocurrency industry within the EU. Luckily, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the MiCA bill. This comes as a huge relief for the industry and the market. Source:
And, that’s a wrap!