Weekly Report (03 – 09 Oct. 22) | What Happened This Week In Crypto

This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.

1) Former Mt. Gox Clients Will Get 141,000 BTC In 2023

Distribution of cash to former customers of the collapsed cryptocurrency exchange Mt. Gox is scheduled to commence in 2023 after the designated debtor disclosed the final repayment terms…[continue reading]

2) FTX To Introduce Visa Debit Card In 40 More Countries

Nine months after debuting the Visa debit card in the U.S., FTX, a crypto exchange operator, will introduce the card in over 40 more nations. The worldwide expansion implies that more FTX clients will be able to spend their cryptocurrency holdings through the card, per a Friday release. FTX has launched a waiting list for consumers that are interested…[continue reading]

3) Binance Suspends BSC After Massive Hack

The bitcoin market has once again been compromised. This time, hackers exploited the BNB Chain. As Binance CEO Changpeng Zhao (CZ) stated on Twitter, a cross-chain bridge and the BSC Token Hub were compromised…[continue reading]

4) Dogecoin (DOGE) Rises 8% On Musk-Twitter News

According to a recent rumour, Elon Musk, CEO of Tesla, has reaffirmed his plan to purchase Twitter for around $44 billion. As a consequence, and maybe somewhat predictably, the price of Dogecoin, the cryptocurrency that Musk vocally supports, increased significantly…[continue reading]

5) Elon Musk Has Submitted A Fresh Offer To Acquire Twitter

Twitter’s board members had already voted in Favour of approving the agreement prior to the company’s pursuit of legal action on the topic, with a court hearing set for October 17th. According to information obtained from an anonymous source for a story by Bloomberg, the billionaire Elon Musk has revived his attempt to acquire the social media site Twitter for a price of $54.20 per share…[continue reading]

6) European Officials Warn Crypto Adoption Might Harm Conventional Banking

As the cryptocurrency industry increases at an unprecedented pace and digital assets such as Bitcoin (BTC) and Ethereum (ETH) become increasingly prevalent as a result of investors abandoning fiat, major European authorities are concerned about the stability of conventional banking…[continue reading]

7) Binance Announces Two New Offices In Brazil

Binance, a global cryptocurrency exchange, has launched two offices in Brazil in an effort to expand its presence in the South American nation, where a number of firms have introduced digital asset trading services in recent months…[continue reading]