Market Analysis Report (15 Feb 2022)

Cryptocurrency applications have seen their popularity explode on U.S. app stores after companies like Coinbase, Crypto.com, and FTX spent millions on ads during Super Bowl LVI.

The UK’s tax authority, Her Majesty’s Revenue and Customs (HMRC), has seized three non-fungible tokens (NFTs) as part of a wider investigation surrounding value-added tax (VAT) fraud. The move marks the first time HMRC has seized an NFT.

Singapore’s state investment fund, Temasek, one of the largest investment funds in the world with over $300 billion in assets, has sold off its modest position in the Nasdaq-listed cryptocurrency exchange Coinbase (COIN), according to filings with the U.S. Securities and Exchange Commission (SEC).

CryptoCompare’s Digital Asset Summit is returning on 30th March at Old Billingsgate, London. As Europe’s flagship institutional summit for digital assets, this is the perfect opportunity to connect with key industry decision-makers and leading names in finance who are adopting and embracing the digital asset revolution.

Top stories in the Crypto Roundup today:

• Crypto Apps Popularity Explodes After Super Bowl
• UK Tax Authorities Seize 3 NFTs Amid Tax Fraud Probe
• Singaporean State Investment Fund Drops Coinbase Stock
• CCDAS Summit – Early Bird Tickets Ending Soon!

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• Source: https://www.cryptocompare.com/email-updates/daily/2022/feb/15/