CRYPTO MARKET NEWSREEL \ OCTOBER 15 - 28, 2022

Full House of Crypto Cards and Web3 Support

Spooky season is just around the corner, but if you've been around crypto for the past several months, I bet it's not that scary this year.
Highlights
  • Visa and Blockchain.com partnership to create crypto cards

  • MasterCard partners with BitOasis to boost crypto in Middle East and North Africa (MENA) region

  • Tel Aviv Stock Exchange builds crypto platform

  • Fidelity, $4.5T asset manager, offers ETH custody and trading

  • Ripple's $250M fund to support Web3 projects + link to sign up

  • Crypto is classified as a financial product in South Africa + other regulatory news

  • Analysts weight on BTC price trends for the end of 2022
Market Cap
In the past two weeks, the market cap grew to $0.978 Trillion, according to CoinMarketCap. Bitcoin price reached $20,598.6 and Ether is currently trading at $1,548.0 on the Aximetria app.
$978 Billion
+8.5%
* Crypto market capitalization is the total value of a cryptocurrency. It is calculated by multiplying the cryptocurrency price with the number of coins in circulation.
BTC Treasuries
BTC Treasures are alternative inflation hedges and stores of value that are especially popular in the times of world economic destabilization.
ETFs
Exchange Traded Funds
808,688 BTC
Governments
244,779 BTC
China
194,000 BTC
Public Companies
258,100 BTC
MicroStrategy
130,000 BTC
Private Companies
316,067 BTC
Mt. Gox
141,686 BTC
Grayscale Bitcoin Trust
643,572 BTC
Top 3
Top 3
Top 3
Top 3
Learn more at Buy Bitcoin Worldwide
46,351 BTC
Ukraine
El Salvador
2,381 BTC
40,000 BTC
Galaxy Digital Holdings
Voyager Digital LTD
12,260 BTC
140,000 BTC
Block.one
The Tezos Foundation
17,500 BTC
CoinShares / XBT Provider
48,466 BTC
Purpose Bitcoin ETF
25,284 BTC
+382.05%
+0.06%
Headlines

  • Crypto cards: Visa and Blockchain.com partnered to offer crypto debit cards

BTC
$18,847.5
-0.2%
Bitcoin
BUY
One of the biggest crypto exchanges, Blockchain.com has partnered with Visa to launch a crypto card, available to only United States residents initially, which allows users to pay using their crypto or cash balance wherever Visa debit cards are accepted.

  • Crypto cards: MasterCard partners with BitOasis to boost crypto adoption in MENA

This week Mastercard signed onto a strategic partnership with BitOasis, the leading crypto platform in the Middle East and North Africa (MENA), to launch a series of crypto card programs designed to facilitate the adoption of digital assets in the region. The card is expected to launch in early 2023.
Want to stay up to date with Crypto cards? Subscribe to get bi-weekly crypto market news and regulation updates governing the crypto industry.

  • Tel Aviv Stock Exchange will create crypto platform
On Oct. 24, the Tel Aviv Stock Exchange (TASE) disclosed the creation of a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of a new strategic plan for 2023 to 2027.
TASE will promote the implementation of innovative technologies, including DLT, tokenizing of various classes of digital assets and smart contracts. TASE intends to examine multiple potential action plans, including conversion of existing infrastructure to innovative technologies, deployment of innovative technologies into specialized platforms, offering a basket of services and products for digital assets and more
from the TASE press release

  • $4.5T asset manager Fidelity offers ETH custody and trading to clients
ETH
$1,507.9
+20.5%
Ethereum
BUY
Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, plans to offer Ether custody and trading services to its institutional clients later this month.

According to an email to Fidelity's customers shared on Twitter and confirmed by the firm, the crypto arm announced new "Institutional Ethereum capabilities" for institutional investors starting on Oct. 28, 2022.

  • Ripple's $250M fund supports Web3 projects focused on 'entertainment and media'
XRP
$0.46
-3.9%
XRP
In 2021, Ripple launched the Ripple Creator Fund, a $250 million initiative committed to providing creators with the financial, creative and technical support needed to create non-fungible tokens (NFTs) and other tokenization projects on the XRP Ledger.

On Oct. 18, Ripple shared that the second wave of creators received funding for their NFT projects through Ripple's Creator Fund. This round of funding was awarded to independent creators focused on building functional use cases in gaming and the Metaverse, as well as music and media on the XRP Ledger.

To learn more and apply for Ripple's Creator Fund, visit this page.
Crypto Regulation Updates
SAR
Crypto is classified as a financial product in South Africa
Read more
South Korea Aims to Boost Economy With Digital ID on Blockchain
Read more
Norwegian gov't agency opens metaverse office in collaboration with EY
Read more
Norway
South Korea
Israel kicks off live tests for its tokenized digital bonds
Read more
Israel
Japanese regulators loosen crypto laws and make it easier to list coins
Read more
Japan
Analysts Talk
Is 'Crypto winter' really over? And what is going to happen to Bitcoin in the next few months? We see these complex questions online so often, that we decided to put together predictions from a crypto analyst, a trader and an entrepreneur who is also an analyst in hopes to help you see potential trends and fluctuations in BTC price by the end of 2022.
  • Mike McGlone
    Twitter
    Mike McGlone is Bloomberg Intelligence senior analyst
    Risk asset deflation in 2022 and Fed tightening despite the world leaning toward recession portend an elusive end game.

    The lower-price cure may be necessary in commodities to curtail Fed restraint and plunging money supply. Cooling crude oil may refuel Bitcoin and gold.
  • Michaël van de Poppe
    Twitter
    Michaël van de Poppe is CEO & Founder of trading platform Eight, crypto trading expert and analyst
    A very big move is on the horizon for Bitcoin, as $BVOL drops sub 25.

    Historically, that's a guaranteed recipe for massive volatility.

    1. crash to $3K in 2018.
    2. break above $4K to $14K in 2019.
    3. break above $10K in 2020 (kickstart bull 2021).
  • Philip Swift
    Twitter
    Philip Swift is the popular on-chain analyst whose data resource, LookIntoBitcoin, tracks many of the best-known Bitcoin market indicators.
    I was around for the 2018/19 bear market and it actually feels pretty similar. All the tourists have left and you just have the committed passionate crypto people remaining in the space. These people will benefit the most in the next bull run — as long as they don't go crazy trading with leverage.

    …We are actually a fair way through the market cycle, and likely through the majority of this bear market already.

    …Resist any temptation to quit crypto near the bottom of the bear market. Just be patient and use some good tools to help manage your emotions.
An "option" is a type of derivative contract that gives the owner the option (not the obligation) to buy or sell an asset at a specified price (the strike price) within a predetermined time (the expiry date).
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In case you missed one of our previous digests, here's a link to the list of all Crypto Market Newsreel issues

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