Weekly Report (12 – 18 Dec. 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) G20 Governments Collaborating To Create A Unified Crypto Policy

According to a report by Reuters, India’s federal economic affairs secretary Ajay Seth said on Wednesday that the G20 nations would analyse the consequences of cryptocurrencies for the economy, monetary policy, and the banking sector in order to establish a policy consensus…[continue reading]

2) Bitcoin Hash Rate Increases As Ethereum Miners Switch To Bitcoin Mining After Merge

According to the latest ‘State of the Network’ newsletter published on December 13 by the blockchain analytics software CoinMetrics, some Ethereum miners have exchanged their ETH mining equipment for ones that can mine Bitcoin (BTC), hence increasing the BTC hash rate…[continue reading]

3) Australia Plans To Establish A Regulatory Framework For Crypto Service Providers In 2023

In the year 2023, Australia intends to put in place a system for the licensing of crypto service providers. The government of Australia intends to set up a framework for licensing and regulating crypto service providers In 2023…[continue reading]

4) The Rate Of U.S. Inflation In November Was 7.1%, Which Was Lower Than Expected

In November, the U.S. inflation rate came in at 7.1%, below the 7.3% year-over-year projection. The monthly rise decreased from 0.4% in October to 0.1% in November. As rates fell, cryptocurrencies and conventional stock markets soared in reaction. Despite indications of decelerating inflation, interest rates remain high…[continue reading]

5) Brazil Might Secure Its Economic Leadership With The 2024 CBDC

Due to macroeconomic unpredictability, outdated technology, and strict monitoring, Brazil’s banking business has traditionally been highly concentrated. The regulator required “bulwarks” to create the local financial system and handle scale…[continue reading]

6) The U.S. Will Supposedly Charge Binance With Money Laundering

The crypto community is still suffering from the financial collapse of the FTX company, led by Sam Bankman-Fried. No one knows how long this storm will endure since major exchanges have taken preventative steps to avert an immediate meltdown…[continue reading]

7) Terra Classic (LUNC) Collapses Upon The Disclosure That Do Kwon Is Hiding In Serbia

According to information obtained by Finbold on December 12, LUNC was trading at $0.0001644 at press time, representing a decrease of 3.62 percent on the day, 6.56 percent weekly, and 8.92 percent over the preceding thirty days…[continue reading]