Weekly Report (11– 17 April 22) | What Happened This Week In Crypto

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

1) Russia Turns Bullish On Bitcoin As A Draft Bill Suggests Crypto Adoption As Legal Tender

According to Kommersant, the measure titled “On Digital Currency” establishes a precise legal framework for the circulation of cryptocurrencies and, for the first time, “details mining,” creating new chances for Bitcoin miners who are now operating in a legislative grey area…[continue reading]

2) The European Commission Receives Almost 10,000 Public Comments On The Digital Euro

The European Commission has received approximately 10,000 public comments so far on its call for evidence on a digital euro, which will run from April 5 to June 14. The call for evidence is intended to elicit feedback on the possibility of establishing and regulating a digital currency as a new form of central bank money…[continue reading]

3) According To Analysis Firm Coincub Singapore Is The Most Crypto-Friendly

A new report from cryptocurrency analysis business Coincub sheds light on the world’s most hospitable markets for the digital asset sector. According to Coincub’s newest research, Germany has surpassed Singapore as the most crypto-friendly nation on the planet…[continue reading]

4) A Canadian Crypto Firm Is Considering Assisting US Spot Bitcoin ETF Aspirants

The business behind Canada’s first bitcoin fund is looking to assist fund managers in the United States in “moving the needle.” 3iQ, a digital asset management, is hoping to use its expertise in dealing with Canadian securities authorities to help the US spot bitcoin ETF issuers get an advantage…[continue reading]

5) Elon Musk Makes Offer To Purchase Twitter For $41.3 Billion In Order To Take The Company Private

Justin Sun, creator of TRON, reacted to Musk’s offer by tweeting that he would give $60 per share, comparable to Musk’s $54.20. Elon Musk, the CEO of electric vehicle manufacturer Tesla (TSLA), has proposed to acquire Twitter (TWTR) for around $41.3 billion in cash…[continue reading]

6) Bitcoin Is a Safe Asset, With An 8.5 Percent Consumer Price Index

The Consumer Price Index increased at an abnormally high pace of 8.5 percent. The potential market for an immutable asset like bitcoin, which has a finite quantity, is in excess of $100 trillion…[continue reading]