Short cryptonews for this week 43/52 (2022)

Short cryptonews for this week 43/52 (2022)

By Pasucaru | Crypto on fire | 29 Oct 2022


- BTC volatility has a new low since October 2020 (even though it crossed $21,000 once this week) . At this point, crypto volatility is even lower than that of the stock market. By the way, BTC has reached $1 trillion in market capitalization faster than any other asset in history.

- The total number of Ethereum stakes exceeded 14 million in the third quarter of 2022.

- Elon Musk completes $44 billion acquisition of Twitter with $500 million stake from Binance. Note that Twitter is developing its own crypto-currency wallet.

- PancakeSwap approves DEX launch on Aptos via governance vote.

- PayPal files trademark applications for crypto, NFTs and metaverse.

- Meta and L'Oréal are joining forces to create a web3 startup accelerator.

- The digital bank Revolut will allow its customers to make purchases with their balance in cryptocurrencies. (Revolut is 20 million users, use my referral link to sign up for Revolut)

- El Salvador opens a Bitcoin Embassy in the city of Lugano, Switzerland.

 

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