THE EQONEX CRYPTO GUIDE AND LEARN HUB
Crypto News

This Week in Crypto (week 48)

December 10, 2021

Tammy Ha

No matter how the crypto market moves, we see signs of mainstream adoption in the news every week.

 On Monday...

  • Croatia’s largest food producer Konzum became the first retail chain in the country to accept digital payments in online shops. 
  • Kotak, India’s leading private bank, partnered with the leading crypto exchange WazirX to allow traders to use their banking services to liquidate their funds.
  • CEO Of Texas power giant ERCOT declared a bullish stance on Bitcoin.
  • Goldman looked into Bitcoin-backed lending as the jobs report disappoints.
  • Bitcoin’s hashrate climbed higher following difficulty decrease.

On Tuesday…

  • Bitcoin whales bought almost $3.5 billion (67K BTC) during the crash down to $42K.
  • Grayscale Investments survey revealed 67 million Americans own Bitcoin.
  • India planned to introduce legislation that will probably give crypto holders a deadline to declare assets and meet any new rules.

On Wednesday…

  • According to Pantera Capital’s CEO, Dan Morehead, crypto is a ‘Fantastic Hedge’ against the bubble in bonds.
  • Bitcoin’s hashrate recovered in just six months after the world’s second-biggest economy prohibited industrial bitcoin mining this summer.
  • The U.S. Senate Banking Committee plans a hearing on stable coins next week as regulatory pressure on fiat pegged crypto assets mounts up.

On Thursday…

  • Visa launched an advisory practice to help clients develop a crypto strategy.
  • With over 800,000 Australians owning a form of cryptocurrency, the Australian government plans to create a crypto regulatory framework.

On Friday…

  • WhatsApp deployed crypto payments via chat in the U.S.
  • MicroStrategy bought the dip, adding $82.4 million worth of Bitcoin to its coffers.
  • CIA Director William Burns revealed working on “a number of different projects focused on cryptocurrency.”


For more information on these stories, visit:

https://cryptopotato.com/croatias-largest-food-retailer-konzum-accepts-crypto-in-online-shops/

https://chaintimes.com/indias-major-private-bank-has-partnered-with-the-crypto-exchange-wazirx/

https://zycrypto.com/ceo-of-texas-power-giant-declares-bullish-stance-on-bitcoin/

https://www.coindesk.com/podcasts/the-breakdown-with-nlw/goldman-looking-into-bitcoin-backed-lending-as-jobs-report-disappoints

https://news.bitcoin.com/bitcoin-hashrate-rises-despite-price-drop-mystery-hashpower-returns

https://cryptopotato.com/bitcoin-whales-bought-almost-3-5-billion-67k-btc-during-the-crash-to-42k/

https://coinquora.com/grayscale-investments-survey-reveals-67-million-americans-own-bitcoin/

https://seekingalpha.com/news/3777667-india-considers-putting-capital-markets-regulator-in-charge-of-crypto-bloomberg

https://cryptonews.com/news/crypto-is-a-fantastic-hedge-against-bubble-in-bonds-panteras-ceo.htm

https://www.trustnodes.com/2021/12/08/bitcoins-hashrate-returns-to-all-time-high

https://cryptopotato.com/u-s-senate-banking-committee-to-convene-on-stablecoins/

https://seekingalpha.com/news/3778172-visa-launches-advisory-practice-to-help-clients-develop-crypto-strategy

https://chaintimes.com/australian-government-is-looking-to-overhaul-the-crypto-regulatory-framework/

https://bitcoinist.com/whatsapp-deploys-crypto-payments-via-chat-in-the-us/

https://zycrypto.com/microstrategy-buys-the-dip-adds-82-4-million-worth-of-bitcoin-to-its-coffers/

https://news.bitcoin.com/cia-working-on-various-crypto-focused-projects-director-confirms/

Related Articles

Will the Ethereum Merge Cause a Price Hike?

Will the Ethereum Merge Cause a Price Hike?

June 17, 2022

Christina

Could ETH hit $10,000 by the end of 2022? Some experts are saying that ETH, or the Merge, will cause a massive increase in value.

Keep up with crypto through EQONEX!


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Top 5 Latest Developments in NFTs for 2022

Top 5 Latest Developments in NFTs for 2022

June 9, 2022

Christina

It feels like only yesterday that celebrities from Stephen Curry to Jimmy Fallon were clamoring to purchase Bored Apes. The average sale price for BAYC NFTs reached an eyewatering $200,000, with some individual pieces commanding over $1,000,000. But that was so 2021.

How TerraUSD Wiped $40Bn Off the Crypto Market Cap

How TerraUSD Wiped $40Bn Off the Crypto Market Cap

June 3, 2022

Christina

Just as many investors were getting comfortable with the concept of stablecoins and their place in the crypto market, the TerraUSD (UST) scandal caused them to stop in their tracks.

This Week in Crypto (Week 49)

This Week in Crypto (Week 49)

December 19, 2021

Tammy Ha

Many governments are discussing the regulation of digital assets and are considering creating their own central bank digital currencies (CBDC).

THE EQONEX CRYPTO GUIDE AND LEARN HUB

Bringing digital assets to the world.

EQONEX is a digital assets financial services company focused on delivering a full, digital asset ecosystem that offers innovative, trusted, and transparent products and services.

Keep up with crypto through EQONEX!


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

© 2022 EQONEX Capital Pte Ltd
All rights reserved.

IS 749075