Crypto Week at a Glance: What moved markets

economictimes.indiatimes.com:

crypto tokens as traded in a narrow band around $20,000the entire week, the longest stretch that it has dipped under that level since the market was rocked by turmoil in July. Investors continue to debate the implications of rising borrowing rates for riskier assets after the Fed Chair's hawkish commentary. Bitcoin is down roughly 60% this year and some other tokens have lost even more. Other cryptocurrencies including Polkadot and Dogecoin also declined. However, Ether was surging in anticipation of a groundbreaking software upgrade to its blockchain. Here's a weekly roundup of all the noteworthy stories from the crypto space:1. Meta rolls out NFT feature on Instagram and Facebook Users of Instagram and Facebook can now display their NFTs on the platform, according to a recent announcement from Meta.

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From tracking sustainability of products to monitoring pollution, environmental researchers are now finding blockchain’s use in solving the climate crisis.

This comes after a Meta update at the beginning of August that said they were extending the 100 nations in Africa, Asia-Pacific, the Middle East, and the Americas that are a part of their Instagram NFT project. Adding to that, the social media giant turned metaverse proponent, announced on Monday that users will be able to upload digital collectable assets by connecting their NFT wallets to either Facebook or Instagram.2. California State Assembly passes Crypto Regulation Bill awaiting Governor Approval A newly approved law that will require digital asset exchanges and other crypto businesses to seek a licence to operate in the state is expected to be signed by California Governor Gavin Newsom. The Digital Financial Assets Law, also known as