@cryptocracy 23 October 2021 more from that month

Crypto Got High, BTC Mooned, and ETH Broke Out

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. https://beincrypto.com/crypto-market-cap-all-time-high-2-6-trillion/ https://time.com/nextadvisor/investing/cryptocurrency/ethereum-price-5-month-high/ https://www.marketwatch.com/story/bitcoin-hits-record-high-11634738191 https://coinmarketcap.com/currencies/bitcoin/?period=7d https://www.bloomberg.com/news/articles/2021-10-22/bitcoin-s-next-test-seen-as-90-000-after-pause-strategists-say https://www.fool.com/investing/2021/10/21/why-cryptocurrency-stocks-were-up-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 https://www.wired.co.uk/article/worldcoin-cryptocurrency-sam-altman https://arstechnica.com/tech-policy/2021/10/more-than-100000-people-have-had-their-eyes-scanned-for-free-cryptocurrency/ 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. https://decrypt.co/83624/where-is-facebook-cryptocurrency-libra-diem-novi-stablecoin https://www.banklesstimes.com/2021/10/22/us-senators-urge-facebook-to-discontinue-crypto-wallet-pilot/ https://www.ntd.com/5-us-senators-criticize-facebooks-novi-crypto-wallet-pilot_691865.html 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**. https://www.theblockcrypto.com/post/121687/coinbase-spent-nearly-800k-on-lobbying-in-2021s-third-quarter-as-part-of-influence-revamp https://cryptoslate.com/coinbase-becomes-official-partner-of-nba-as-crypto-goes-mainstream/ 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. https://cointelegraph.com/news/200-bitcoin-atms-installed-at-walmart-with-plans-for-8000-in-total/amp Ripple CEO Brad Garlinghouse **blames the SEC** for Ethereum getting the lead. He’s got a good point. https://cryptocracy.substack.com/publish/post/42995313 1 million people are waiting in line to download **Robinhood’s crypto wallet**. https://news.bitcoin.com/robinhood-ceo-says-waitlist-for-firms-new-crypto-wallet-reached-1-million-customers/ **Top 5 reasons** cryptocurrency is gaining worldwide acceptance. https://economictimes.indiatimes.com/markets/cryptocurrency/cryptocurrency-is-gaining-worldwide-acceptance-here-are-5-reasons-why/articleshow/87209465.cms 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. https://www.bollyinside.com/news/solana-moves-to-6th-largest-cryptocurrency-market-cap-position-sol-valuation-points-to-cardano-range https://moguldom.com/377380/feds-issue-42m-in-fines-tether-lied-about-stabelcoin-being-backed-by-fiat-bitfinex-exchange-lied-too/ https://newsnationusa.com/news/business/tether-to-pay-41m-for-claiming-its-stablecoins-were-fully-backed-by-dollars/ IOTA is **launching its smart contracts** with zero fees and Ethereum interoperability. https://www.zdnet.com/article/iota-is-bringing-smart-contracts-with-zero-fees-ethereum-interoperability-and-compatibility-for-next-generation-distributed-applications/ Wealthsimple offers cryptocurrency through workplace **retirement savings plans**. https://finance.yahoo.com/news/canadian-crypto-investingworkplace-retirement-plans-113605829.html 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. https://www.ft.com/content/90f894cd-c73c-495d-99bf-4a142c0ffd47 https://coingeek.com/g7-financial-leaders-reach-agreement-on-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**. https://yougov.co.uk/topics/politics/articles-reports/2021/10/21/45-18-britons-support-banning-cryptocurrency-comba https://www.cnbc.com/2021/10/19/young-traders-treat-crypto-investing-like-a-competition-fca-says.html https://www.ranker.com/crowdranked-list/funniest-british-and-irish-comedians-of-all-time Do cryptocurrencies **deserve to be regulated**? https://www.afr.com/politics/federal/cryptocurrencies-deserve-the-attention-of-regulators-20211021-p59205 What is **crypto copy trading**? https://indianexpress.com/article/technology/tech-news-technology/what-is-cryptocurrency-copy-trading-is-it-worth-the-risk-for-beginners-7581869/ Brazilians own **$50 billion** worth of cryptocurrencies. https://timesofindia.indiatimes.com/business/cryptocurrency/blockchain/brazilians-own-cryptocurrencies-worth-50-billion-central-bank-of-brazil/articleshow/87154818.cms New cryptocurrencies **released in 2021**. Because you really wanted to know. https://www.thesun.co.uk/tech/16355523/new-cryptocurrency-releases-2021/ *Not to be considered financial advice. Please seek a financial advisor before investing in crypto. First published at* *Cryptocracy**.* https://cryptocracy.substack.com/p/the-crypto-market-hits-all-time-high

Image credits: Ars Technica (lead image); YouGov