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Crypto News

This Week in Crypto (Week 46)

November 28, 2021

Tammy Ha

Another volatile week in the crypto-verse as governments called out punishments for market manipulators.

On Monday...

Tahini’s restaurant chain invested all profits into Bitcoin (BTC), yielding a 460% return.

Matt Comyn, CEO of the Commonwealth Bank of Australia (CBA), told Bloomberg that the risk of missing out on Bitcoin far outweighs the risk of its adoption. 

On Tuesday…

Non-Zero Bitcoin (BTC) addresses reached an All-Time high suggesting substantial accumulation.

Bitcoin and other cryptocurrencies traded at a 3% discount in India after the country’s government listed a crypto bill in Parliament for discussion.

On Wednesday…

Australia’s Pension fund ‘Rest Super’ plans to seek crypto exposure. 

The Republic of Palau joins with Ripple to develop a digital currency strategy.

Stripe plans to accept crypto for payments again.

On Thursday…

A framework for digital assets in Europe was moved ahead in the labyrinth of the European Union.

S. Korean Regulators called for criminal punishments for crypto market manipulation.

Hilary Clinton warned of China and Russia manipulating crypto and called on the Biden administration to regulate crypto.

On Friday…

Grayscale believes the Metaverse could be a $1T market.

Morgan Stanley increases its Bitcoin exposure to over $300 million by purchasing additional shares of the Grayscale Bitcoin Trust (GBTC) for three of its funds during the third quarter.

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