03/13/2022 Weekly Crypto News Roundup - Crypto News from Around the World

Here are the main stories from the cryptocurrency world this week that you might have missed:

03/13/2022 Weekly Crypto News Roundup - Crypto News from Around the World

Goldman Sachs, a global financial services firm, intends to offer new over-the-counter (OTC) cryptocurrency options.

Several Wall Street firms are now looking to offer cryptocurrency options, including Goldman Sachs. The financial services and investment bank announced last week that it will soon begin offering corporate customers over-the-counter bilateral crypto choices.

Bloomberg recently reported, citing a source familiar with the topic, that the US financial behemoth is trying to dig deeper into cryptocurrencies. According to the news site, the insider, who requested anonymity, demonstrated that Goldman Sachs is not the only Wall Street bank considering bilateral possibilities.

Through custom trading, crypto investors can earn big returns or mitigate their risks. Through "put" and "call" options, they allow investors to sell and purchase cryptocurrencies or assets at a pre-determined price in the future. Investors must determine whether or not to honor options contracts by a certain date.

Investors are successfully sheltered from the fire of crypto asset volatility, but they nevertheless gain from it.

Goldman Sachs aims to push banks into the crypto market, which has been dominated by homegrown crypto businesses. Galaxy Digital Holdings, GSR, a crypto trading and market-making organization, and Genesis Global, a large digital currency broker, already provide similar services.

Chainalysis Makes Sanctions Screening Tools Publicly Available

The blockchain intelligence and analytics company has previewed two tools to enable consumers and organizations easily screen crypto wallets for sanctions: an on-chain oracle that is presently available and an API that will be available in April.

The first will be dedicated to DeFi. Users might use it to find addresses registered on several Ethereum virtual machine chains, such as Polygon, Avalanche, Binance Smart Chain, Optimism, Arbitrum, Celo, and, of course, Ethereum.

The API that will be available next month will close the same data that the on-chain oracle did. It would, however, be usable for a broader range of applications, such as centralized exchanges and mobile user platforms.

While decentralization-based products have grown in popularity, not all decentralized platforms have taken use of the essential capabilities to effectively manage sanctions risk, according to Chainalysis.

The blockchain analytics company intends to use its open-source tools to help decentralized exchanges, DeFi platforms, dApps, and DAOs, among other things. To do "basic sanctions checks," you'll need the "lightweight tools."

Stripe now accepts NFT and crypto purchases in fiat currency.

Stripe, a financial services firm founded in Dublin, has taken another move into the bitcoin market. Stripe announced on Thursday that its payments service will now allow users to pay for cryptocurrencies and NFTs.

Stripe co-founder John Collison announced on Twitter that several aspects of the cryptocurrency economy, including NFT markets, exchanges, wallets, and on-ramps, would benefit. They would be able to "handle fiat currency payments internationally using a single integration" using Stripe's API.

KYC/identity verification procedures would protect the payment service, and fraud detection methods would keep it safe.

Stripe has also revealed that it is working on the project with companies like FTX, FTX.US, Just Mining, Nifty Gateway, and Blockchain.com. Stripe crypto services are currently supported in a small number of jurisdictions, including the United States, the United Kingdom, and the European Union. You only have access to Japan outside of these zones, which is similarly confined to NFT marketplaces.

As part of the introduction, the payment giant also introduced Cube Thingies, a collection of NFTs that debuted on the Nifty Gateway marketplace. The NFTs range in price from $242.42 to $424.24, with proceeds benefiting the Watsi healthcare organization.

Sebastien Borget, the creator of Sandbox, is a proponent of an open metaverse.

The metaverse is one of the most fascinating aspects of Web 3.0, but Sebastien Borget, the creator of the metaverse game The Sandbox, believes it has even more promise. Borget told Cointelegraph Brasil that the scene needs to evolve into an open metaverse in order to progress to the next level.

Borget disagreed that a decentralized, interoperable multiverse is required to ensure that users' access to a diverse range of experiences is unrestricted. He proposed a decentralized autonomous organization (DAO) that would be administered through voting in an evolutionary model of the metaverses.

Insist on breaking free from the current "microverse" in which we are enslaved by huge technology: Web 2.0 is a term that refers to a new

The developer also indicated that nations' ambitions to construct their own metaverses, such as the United States and China, would not necessarily imply that they would obtain control of this niche. He explained that this is the case because content ownership is decentralized to such an extent that control cannot be centralized.

Borget believes the metaverse will continue to expand human creativity, saying that it is already influencing how we socialize and will have a greater impact in the future decade.

In its latest collaboration with FTX, Tomorrowland pushes "the boundaries of creativity and innovation."

FTX Europe has partnered with Tomorrowland, a well-known music festival, to assist the festival expand its NFT and Web 3 offerings.

With the help of its subsidiary FTX, Tomorrowland hopes to take advantage of the best of blockchain technology. Tomorrowland Winter, Tomorrowland in Belgium, and Tomorrowland Around The World, for example, are all aiming to introduce these innovative experiences to their upcoming festivals.

Fans of Tomorrowland will be able to participate in metaverse adventures as well as win an NFT souvenir. Tomorrowland Winter participants will get access to 1,500 NFTs out of a total of 6,500. The program, dubbed 'The Quest by FTX,' would allow holders of one of these NFTs to unlock one of the festival's hidden sites, which will be open until the end of the month.

The five secret places are in the Alpe d'Huez mountain ranges in France.

Users will likely soon have the option of interacting with their favorite musicians via virtual support. Tomorrowland aims to provide "fun and interactive methods to acquire admission to exclusive events," as FTX CEO Sam Bankman-Fried phrased it.

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