Coinbase has announced a deal with BlackRock that would give the asset manager’s institutional clients access to cryptocurrency markets by connecting to Aladdin, BlackRock’s portfolio management platform, short for “Asset, Liability, Debt and Derivative Investment Network.”

Meta has revealed it’s rolling out non-fungible token (NFT) support across 100 countries in Africa, the Asia-Pacific region, the Middle East, and the Americas. The move includes adding support for Coinbase Wallet and Dapper.

Embattled cryptocurrency platform Voyager Digital has seen the bankruptcy court deciding on its Chapter 11 case approve its return of up to $270 million to customers. The funds were held in a custodial account at the Metropolitan Commercial Bank (MCB).

Top stories in the Crypto Roundup today:

• Coinbase to Give BlackRock’s Clients Access to Crypto
• Meta Rolls Out NFT Support Across 100 Countries
• Voyager Approved to Return $270 Million to Customers
• Crypto Market Movers – ENS, ETC, OP

Coinbase to Give BlackRock’s Clients Access to Crypto

Coinbase has announced a deal with BlackRock that would give the asset manager’s institutional clients access to cryptocurrency markets by connecting to Aladdin, BlackRock’s portfolio management platform, short for “Asset, Liability, Debt and Derivative Investment Network.”

The Aladdin platform provides essential infrastructure for the global investment industry, and will offer its clients access to cryptocurrencies. The first digital asset to be available will be bitcoin, but others will follow.

The Nasdaq-listed cryptocurrency exchange will provide cryptocurrency trading, custody, prime brokerage, and reporting capabilities. BlackRock is notably the world’s largest asset manager with over $10 trillion in assets under management.

Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, said:

“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets.”

News that BlackRock was preparing a cryptocurrency trading service for its investor clients started circulating in February, when people familiar with the matter said it was looking to provide the offering through Aladdin.

Aladdin is one of the most widely-used pieces of technology in the financial services industry and links investors to markets while measuring risk. It’s used by asset managers, banks, insurers, pension funds, and corporations.

Meta Rolls Out NFTs Across 100 Countries

Meta has revealed it’s rolling out non-fungible token (NFT) support across 100 countries in Africa, the Asia-Pacific region, the Middle East, and the Americas. The move includes adding support for Coinbase Wallet and Dapper.

The initial rollout will be done for the popular social media app Instagram and comes with support for digital collectibles minted on the Flow blockchain. Integrations with other third-party wallets such as MetaMask, Trust Wallet, and Rainbow are being completed, the firm said.

Meta doesn’t charge fees for posting or sharing NFTs on Instagram, and now supports three blockchains: Ethereum, Polygon, and Flow. Flow is a layer-1 blockchain whose FLOW token is used for network participation, transactions, and governance.

Ecosystem partners for the blockchain include Warner Music, Ubisoft, Ultimate Fighting Championship, Circle, Binance, OpenSea, and now Meta.

Voyager Approved to Return $270 Million to Customers

Embattled cryptocurrency platform Voyager Digital has seen the bankruptcy court deciding on its Chapter 11 case approve its return of up to $270 million to customers. The funds were held in a custodial account at the Metropolitan Commercial Bank (MCB).

Voyager entered Chapter 11 bankruptcy proceedings early last month after halting withdrawals. The firm cited a sudden downturn in market conditions that led to its collapse, with Chapter 11 allowing it to keep on operating as it restructures to pay creditors.~

The lender has since then been moving to honor customer withdrawals for the funds held at MCB, which acts as a cash custodian for the platform.

While the Metropolitan Commercial Bank can return the cash to customers, the court has yet to decide on what will happen to the over $1 billion in digital assets held on Voyager’s platform.

Crypto Market Movers – ENS, ETC, OP

Several tokens are leading the charge in the last 7-day period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Ethereum Name Service (ENS) - The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.

Ethereum Classic (ETC) - Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. ETC is a different cryptocurrency with different goals than Ethereum, with a focus on immutability.

Optimism (OP) - Optimism is a layer-two smart contract network that aims to enable low-cost, near-instantaneous Ethereum transactions. Optimism speeds up Ethereum transactions and cuts their costs by settling them on another blockchain.

State of the Crypto by Top Tier Exchange Volume

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