Strengths
Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Chilz CHZ, rising 21.88%.
Crypto.com said it received approval from the U.K.'s Financial Conduct Authority to be registered as a crypto-asset service provided in the country, a key step to expanding operations there. The CEO of Crypto.com Kris Marszalek said that "the U.K. has become a strategic, important market for the firm and one of the most important markets globally for crypt0," according to Bloomberg.
Kansas City Chiefs' quarterback Patrick Mahomes is getting behind NFT firm Dapper labs, making him one of the first major celebrities to endorse a crypto company after the industry's dramatic crash. The company hopes Mahomes will drive fan engagement with in-product features and events, among other things, writes Bloomberg.
Weaknesses
Of the cryptocurrencies tracked by CoinMarketCap, the worst performing for the week was Convex Finance CVX, down 28.24%.
Coinbase shares fell as much as...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...