Most prices fluctuated throughout the week, but were little changed after seven days.

Welcome to the Nightly Mint – a new content series from our team at NewsBTC that provides all the quick hits at the end of each day around all things NFT. Each weekday, we’re bringing you a daily NFT recap of the latest bites of action – spanning across news headlines, community chatter, and a closing “minty fresh” take that we’ll share each day to keep the curiosity cooking. The Nightly Mint New TIMEPieces Mint TIME Magazine has easily been the most aggressive traditional publication to get NFTs right. TIME dropped their latest ‘TIMEPieces’ launch today, raising funds for humanitarian relief efforts in Ukraine. Pixelmon Takes Heat Chatter around the NFT community today was aplenty surrounding the massive flop of Pixelmon, an NFT project that raised a staggering $70M, and promised a high-flying roadmap. It’s been a flop of epic proportions, quickly becoming a bit of the ‘flavor of the week’ laughingstock in the NFT space: Pixelmon had an art reveal so terrible, ‘Kevin’ is being labeled a historical NFT pic.twitter.com/A2ummGDypV — ThreadGuy.eth 💫 (@DiscoverXnft) February 28, 2022 Related Reading | Bitcoin Mining More Damaging To The Environment After China Ban, Study Says KPMG Canada is purchasing an NFT just a few short weeks after adding Bitcoin and Ethereum (ETH) to their portfolio. | Source: ETH-USD on TradingView.com KPMG Canada Buys ‘World Of Women’ NFT KPMG is one of the ‘big four’ accounting firms with operations that span across the globe. In an announcement today, the Canadian division at KPMG has purchased a ‘World of Women’ NFT as “part of it’s corporate strategy.” The floor price on WoW is currently around $25K. A Managing Partner of Advisory Services at KPMG Canada, Benjie Thomas, stated: “This acquisition reflects our belief not only in the continued growth of NFTs, but in the value of WoW and its mission. Having now gone through the process, we are well-positioned to guide our clients around building a corporate NFT strategy, including, acquiring and safeguarding NFTs.” Projects like WoW that stand for gender equity in a predominantly male environment are primed to be major players for institutions that desire purpose-driven NFT investments. The ‘Minty Fresh’ Take Today’s minty fresh take comes courtesy of @mikethreezy on Twitter: there is nothing about an NFT that is inherently related to art. NFTs are much broader, non-fungible things, and the kinds of things they represent irl will likely grow exponentially expecting ppl to have more interest in the art tokens is setting urself up for disappointment — mike three 🔻 (@mikethreezy) February 28, 2022 At NewsBTC and our sister network Bitcoinist, we’ve been covering all sorts of potential use cases for NFTs as we look ahead; don’t be surprised to see more and more projects that are less focused on strictly art, and more focused on utility. Related Reading | Bitcoin In Demand, Bulls Enjoy 9% Surge Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

KPMG Canada, a full-service Audit, Tax, and Advisory firm owned and operated by Canadians, have announced it has purchased a World of Women (WoW) NFT. (Read More)

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The company paid 25 ETH ($70,000) for Woman #2681, calling the purchase its "first foray into this rapidly growing asset class."

Bitcoin’s adoption is at an early stage, according to Wells Fargo Like the 1990s,…

The post Wells Fargo says crypto is headed for hyper-adoption appeared first on Coin Journal.

According to crypto analyst Nicholas Merten, corporate investment in the crypto markets may be the catalyst that propels Bitcoin (BTC), Ethereum (ETH), and the rest of the crypto markets out of their current slump. The DataDash host tells his 508,000 YouTube subscribers in a new video that corporate treasurers will save the crypto markets sooner than many expect. He said: “Corporate treasurers… could be the catalyst that carries us out of this recent correction that we’ve had in December and January. I do believe we are going to see it faster than we may expect.” Corporate Treasures are Picky About Their Investments When it comes to entry points, corporate treasurers are pickier than regular investors, according to Merten. According to the analyst, with crypto markets trading at a significant discount to all-time highs, huge corporate players may be trying to diversify into the young space. He said:  “Corporate treasurers are not going to buy at new all-time highs. They buy when assets are at discounts. They rotate assets in their balance sheet, whether it’s up, you know, just basically cash, buying it on a discount, or maybe, for example, their equity plays have been doing really well, and now, they’re going to lock in some of those gains and rotate to fixed income assets like bonds or treasuries. Or into a new asset class, like cryptocurrencies. That’s how a corporate treasurer thinks. They do not buy at peaks in price, they buy at discounts when no one else is willing to buy because they know that it’s just like shopping – it’s going out and finding things that you like at a discount.” According to the expert, KPMG Canada’s recent addition of Bitcoin and Ethereum to their balance sheet is quite significant. According to Merten, the Big 4 accounting firm’s choice could create a precedent for other corporate behemoths to follow suit. He also stated:  “That is a major move for crypto assets… To have a traditional company like KPMG now starting to showcase that they believe that Bitcoin and Ethereum are tokens worth putting on their balance sheet…..”  The company’s decision to buy crypto in Canada could be because the country’s legislative structure is more favorable to the asset class and related goods than the United States. KPMG has recently expanded its operations to embrace new technologies and financial services. It already has a division that deals with crypto assets and blockchain technology. Its US office is in charge of auditing MicroStrategy Incorporated (MSTR), a software company with the largest cryptocurrency holdings among publicly traded businesses.

The post Analyst Nicholas Merten Says Corporations Will Enter Crypto Markets Soon appeared first on Cryptoknowmics-Crypto News and Media Platform.

KPMG Canada added ETH and BTC to its balance sheet and the company is the latest in the line to buy crypto so let’s read further in today’s latest Bitcoin news. KPMG Canada announced that it invested in Ethereum and Bitcoin which are the two biggest cryptocurrencies by market cap. The move is the latest […]