Crypto Got High, BTC Mooned, and ETH Broke Out

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1 year ago
Topics: Cryptocurrency

The total crypto market cap hit an all-time high this week. $2.6 trillion dollars. That’s bigger than Apple, the world’s largest company. Ethereum also hit an all-time high. As did bitcoin, which got real close to $67,000 on Wednesday. Today, it’s back down to just over $61,000. Prognosticators are going nuts, predicting BTC to rise to $100,000 by the end of the year. Maybe it will, maybe it won’t. Either way, I’m HODLing. The Fool wants to tell you why crypto went nuts this week.

Worldcoin wants to sign up 1 billion people for its cryptocurrency by the end of 2022. More than 100,000 people have already received Worldcoin by submitting to an eye scan requirement

Facebook’s crypto project employees are dropping like flies. And five U.S. Senators, all Democrats, asked the company to give up on crypto. They said the social media giant can’t be trusted.

Coinbase spent nearly $800,000 on lobbying in Q3. Another Coinbase milestone: The firm has partnered exclusively with the NBA to help grow the crypto economy.

Walmart is installing bitcoin ATMs at its stores, starting with 200. Later, they’ll expand to 8,000. Imagine going into a Walmart anywhere in the world and being able to walk up to a machine and buying or trading crypto. This is just one step away from being able to step up to the self-check out and paying with bitcoin. That will likely happen within the next decade, if not sooner.

Ripple CEO Brad Garlinghouse blames the SEC for Ethereum getting the lead. He’s got a good point.

1 million people are waiting in line to download Robinhood’s crypto wallet.

Top 5 reasons cryptocurrency is gaining worldwide acceptance.

Solana moved into sixth place by market cap this week. How long will it be before it passes Tether? Speaking of Tether, the stablecoin and Bitfinex have been fined $42 million for lying about stability. See more about what the CFTC discovered about Tether.

IOTA is launching its smart contracts with zero fees and Ethereum interoperability.

Wealthsimple offers cryptocurrency through workplace retirement savings plans.

Australia’s lawmakers want to change the crypto rules. Meanwhile, G7 leaders have reached an agreement on 13 public policy principles regarding central bank digital currencies.

Britons support banning cryptocurrencies to combat climate change. Yet they believe it will be ineffective. Of course, most of the UK’s young people don’t know crypto isn’t regulated. At least they have funny comedians.

Do cryptocurrencies deserve to be regulated?

What is crypto copy trading?

Brazilians own $50 billion worth of cryptocurrencies.

New cryptocurrencies released in 2021. Because you really wanted to know.

Not to be considered financial advice. Please seek a financial advisor before investing in crypto. First published at Cryptocracy.

Image credits: Ars Technica (lead image); YouGov

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1 year ago
Topics: Cryptocurrency