Bitcoin rose this week as traders eyed Ukraine and the Fed, DOGE fell as Elon Musk fueled speculation for Starlink and SpaceX, The Graph saw a double-digit percentage gain, and even with rising crypto prices, the market NFT once again showed signs of slowing down. Bitcoin ETFs remained popular with investors despite the January price crash, and Bitcoin mining difficulties hit a new high as miners got more creative. In the world of NFTs, a rare CryptoPunk NFT "Alien" worth €23 million in ETH sold, Gustav Klimt's famous "The Kiss" sells for 10,000 NFTs, Bybit landed a major token endorsement deal and NFT with Oracle Red Bull Racing Formula 1 team, NYSE filed a trademark application for a line of Metaverse and NFT related products, Disney launched a dedicated Metaverse team to explore the "new frontier of storytelling", JPMorgan shared "metaverse strategy" tips for businesses and Her Majesty's Revenue and Customs seized three NFTs, the first time such assets have been seized in the country.
Twitter added advice to ETH, DBS confirmed plans to launch a retail-focused cryptocurrency trading desk in 2022, Tezos integrated the Baanx app to help users manage their digital assets, and Coinbase plans to increase its workforce by roughly 70% this year. Speaking of the main exchange, Coinbase experienced volatility last weekend with a reported vulnerability, the service being stopped and restarted, and its site crashing after the Super Bowl announcement. While this was going on, Drake made €300,000 from his three bitcoin bets on the Super Bowl, and we saw how interesting the crypto-related Super Bowl ads were. Meanwhile, the IRA Financial Trust hack reportedly saw €36 million in cryptocurrency stolen from users, and Ilya Lichtenstein, linked to the Bitfinex hack, remained in federal custody while Heather Morgan was released on bail.
Russia's central bank and government have yet to reach an agreement on crypto regulation, but new limits have been proposed, while the Central Bank still opposes crypto regulation plans. As the FSB sounds the alarm about cryptocurrency, Canada has joined Lebanon and Turkey in the "Bitcoin marketing team," and the Canadian police department has called on banks and stock exchanges to block accounts. of cryptocurrencies linked to trucker protests. Critics fired back at Colombia's retrospective crypto tax plans, a French presidential candidate pushed for tax reform on crypto and NFTs, South Korean crypto watchers predicted a "tectonic shift" as Gopax struck a deal with Jeonbuk Bank, US senators once again failed to find stable ground on stablecoins, and the Salvadoran president responded with “OK boomers” to a group of US senators who decided to block his plans to adopt BTC.
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