Weekly Report (16 – 22 Oct. 23) | What Happened This Week In Crypto

This Report will provide some essential and quick news about cryptocurrencies happening worldwide.

1) Uniswap’s ADAMS Loses $650 Billion In Supply Of HAYCOIN

Hayden Adams, the man behind Uniswap, has burned virtually all of the HayCoin (HAY) supply, wiping out a massive $650 billion off the cryptocurrency market. After wild price speculations around the token, Adams took serious action on October 20…[continue reading]

2) Rishi Sunak Has A Hard Time Getting World Leaders To Attend His Ai Party

With just a few weeks to prepare, Prime Minister Rishi Sunak is under pressure to host an artificial intelligence conference at Bletchley Park on November 1 and 2. However, only two weeks before the gathering, Sunak noticed a conspicuous lack of important global leaders despite his intentions of convening the presidents of the most prominent countries to discuss the possible threats of artificial intelligence…[continue reading]

3) FINCEN Stops Crypto Transfer With Hamas Links

FinCEN, a division of the U.S. Treasury, has issued a warning concerning crypto transactions associated with Hamas. When it comes to cracking down on illegal financial dealings, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is stepping up its efforts…[continue reading]

4) France Is Said To Be Considering Using XRP As Its Digital Currency

Although XRP has had slow acceptance in the United States, it has seen significant growth in nations like Japan and Singapore that are exploring ways to include cryptocurrencies into their economies. It has been speculated that France is the most recent nation to show interest in the token…[continue reading]

5) OpenAI Anticipates A Valuation Of $86 Billion Following An Insider Share Transaction

According to a Bloomberg story from October 19, OpenAI, a firm focusing on artificial intelligence (AI), is going to undertake a tender offer enabling its present workers to sell their shares, which could increase the company’s worth to as much as $86 billion…[continue reading]