Weekly Report (24 – 30 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) Charles Hoskinson Encourages Dogecoin’s Free Migration To Cardano

Charles Hoskinson, the inventor of Cardano, believes Dogecoin should become a Cardano sidechain and is eager to assist the meme currency move for free. This comment was issued by Charles Hoskinson in response to a tweet wondering what will happen to Dogecoin after Elon Musk’s acquisition of the social media network Twitter…[continue reading]

2) UK Prime Minister Rishi Sunak’s NFT Program Continues Despite The Market Disaster

It has been said that the “NFT for Britain” promised by the current British prime minister, Rishi Sunak, while he was chancellor would still be executed, despite the imminent collapse of the digital crypto artwork market…[continue reading]

3) Australia Decides To Classify Crypto As An Asset Class In Its 2022 Budget

Australia announced its national budget for 2022-2023 on Tuesday. In its documents, the Australian government said that digital assets will be treated as an asset class for tax purposes and not as foreign money. However, government-issued or Central Bank Digital Currency (CBDC)-issued cryptocurrencies will be considered foreign currencies…[continue reading]

4) Bloomberg Reports That Hong Kong Aims To Authorize Retail Crypto Trading

Bloomberg reported that Hong Kong plans to enable regular investors to buy cryptocurrencies on approved exchanges. In an attempt to promote Hong Kong as a hub for the virtual assets market, officials will provide further information Monday at a Hong Kong fintech conference…[continue reading]

5) Elon Musk Visits The Offices Of Twitter Prior To The Purchase

A video uploaded by Elon Musk shows the Tesla and SpaceX CEO carrying what seems to be a bathroom sink as he enters Twitter’s headquarters. The millionaire updated his Twitter profile to include the phrase “Chief Twit.”…[continue reading]