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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:

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