Crypto News

This Week in Crypto (Week 45)

November 21, 2021

Tammy Ha

This Week in Crypto (Week 45)
Bitcoin completed its first significant protocol upgrade since 2017!

On Monday...

Bitcoin completed its first significant protocol upgrade since 2017.

Zimbabwe considered adopting Bitcoin as legal tender following El Salvador.

One of the largest Bitcoin mining companies in the States, Marathon Digital, plans to raise $500 million in debt to buy bitcoin.

CitiGroup's former CEO Vikram Pandit said that every major bank and securities firm will consider crypto trading or services within one to three years.

On Tuesday…

China considered imposing harsh penalties on state-owned firms that continue mining cryptocurrencies.

The number of NFT-related Google searches has reached a new all-time high as interest grows.

Mohamed El-Erian, one of the world's most respected economists, warned the crypto industry about repeating the same mistakes seen across Big Tech in its early years.

The rise of Bitcoin (BTC) mining in Texas raises power grid concerns.

The third Bitcoin Futures exchange-traded fund (ETF) in the U.S. has gone live on the CBOE under the ticker XBTF. 

On Wednesday…

Coinbase CFOs says the crypto exchange has invested over $180,000,000 in digital assets, including Bitcoin and Ethereum.

VanEck Bitcoin Futures ETF ends launch day with $9.6M under management as BTC dips 5%.

Binance CEO Changpeng "CZ" Zhao has said that he intends to donate up to 99% of his wealth.

India plans to permit the use of cryptocurrencies as an asset but not as a mode of payment.

Australian baseball team Perth Hear planned to pay its players and staff in Bitcoin.

On Thursday…

North Dakota's City of Williston sets up Bitcoin ATM in its international airport after crypto payment adoption.

Indian Prime Minister Narendra Modi urged democratic countries to collaborate on setting the regulatory standard for cryptocurrencies.

On Friday…

Fidelity Clearing Canada ULC was greenlighted to launch bitcoin custody and trading services for institutions in Canada.

Best-selling author Jordan Peterson endorsed Bitcoin for hedging inflation. 

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