This is primarily due to high demand from private clients and institutional investors for access to a fast-growing sector. Many other investment banks worldwide have looked to provide clients with more cryptocurrency-related services.

The crypto trades were the Japanese investment bankвЂ™s first digital asset trades.

This is the latest move by a conventional financial institution into the cryptocurrency industry. JapanвЂ™s Nomura Holdings has started providing Bitcoin over-the-counter (OTC) derivatives to clients. Nomura Bank announces Bitcoin derivatives Mcmillan also said that while we are watching crypto prices at highly attractive prices on a longer-term outlook, there could well be a considerable decline in the near term. The price of Bitcoin will keep fluctuating as it is likely to fall back down as it continues climbing.Д«en McMillan, CIO at IDX Digital Assets, said that just like all other risk assets, crypto prices in 2022 have been driven disproportionately by the Ukraine war, rising inflation and the Fed Policy. Given the history of volatility in the prices of Bitcoin and other cryptocurrencies, the increase does not guarantee a long-term reversal. Gharegozlou said in an interview with Bloomberg News recently that the company had plans to expand to вЂњbasically all major sports.вЂќ Prior to WednesdayвЂ™s announcement, it already had backing from multiple prominent NFL players, including Stefon Diggs, Tyrod Taylor and Trent Williams, among others.Since the all-time high of Bitcoin in November 2021 of $68,000, Bitcoin has lost almost 40% of its value. It has more than 1 million registered users and itвЂ™s seen 13 million total transactions. A wide variety of them have become popular, including pictures of rocks, as well as cartoonish depictions of penguins and apes, among other things.Дapper LabsвЂ™s NBA Top Shot, a joint effort with the basketball league that allows users to find limited edition video вЂњcards,вЂќ or short highlights from games, has been a hit with fans. Interest for non-fungible tokens - which are known as NFTs and allow holders of art and collectibles to track ownership - has been gaining steam. The collaboration with the popular soccer league will give users the opportunity to collect and own NFTs from over 10 seasons of play and will feature content from teams including Real Madrid, FC Barcelona, AtlГ©tico de Madrid, Sevilla FC and others.

вЂњWe believe blockchain technology has great potential to enhance the NFL fan experience in the future and we are excited to have Dapper Labs as one of our first partners in exploring this emerging space,вЂќ Joe Ruggiero, senior vice president of consumer products at the NFL, said in the release.Д®arlier this month, Dapper Labs said it raised $250 million in its latest funding round and, at the same time, announced a deal with LaLiga to offer digital collectibles for soccer fans. The digital collectibles will allow NFL fans to collect and own NFTs featuring in-game snapshots and memorable moments throughout the season, as well as plays from past games. вЂњWe canвЂ™t wait to give the more-than-300-million NFL fans the opportunity to own the game that matters to them and engage with the sport in a whole new way,вЂќ Roham Gharegozlou, the co-founder and chief executive officer of Dapper Labs, said in a press release. Fans will be able to collect digital-video moments from the seasonвЂ™s plays, and all 32 NFL teams are set to participate. The company and the National Football League, as well as its players association, on Wednesday announced a partnership to create non-fungible tokens of digital-video highlights from games. (Bloomberg) - Dapper Labs Inc., the creator of the highly popular NBA Top Shot platform for NFTs, is tackling a new sport: Football.

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