Weekly Report (24 Jan – 30 Jan. 22) | What Happened This Week In Crypto

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

1) Elon Musk Believes Dogecoin Will Benefit Significantly From Robinhood Wallets

Elon Musk, CEO of Tesla, thinks that Robinhood wallets will be a game-changer for Dogecoin, as customers of the premier online trading site will no longer consider the top joke cryptocurrency as a risky investment…[continue reading]

2) Justin Bieber Spent $1.3 Million On NFT

Another star-studded member of the Bored Ape Yacht Club is Justin Bieber. The pop megastar spent $1.3 million on NFT. Justin Bieber, the pop sensation, acquired a non-fungible token (NFT) from the Bored Ape Yacht Club (BAYC) collection on the major cryptocurrency marketplace OpenSea for $1.3 million in Ethereum (ETH)…[continue reading]

3) Visa Records Over $2 Billion In Transactions For Crypto-Linked Cards In The First Quarter Of 2022

In the first fiscal quarter of 2022, Visa’s crypto-linked cards processed $2.5 billion in transactions. Despite the industry’s volatility, crypto payment acceptance has increased. Visa is cooperating with other crypto businesses to help mainstream the digital asset market…[continue reading]

4) Google Cloud Expands Its Blockchain Initiatives With The Establishment Of A Digital Assets Team

According to a blog post, the new Google Cloud team’s mission is to expedite clients’ efforts in the growing blockchain and cryptocurrency industries. Blockchain, bitcoin, and decentralised technology are all interesting subjects that have been generating significant interest for almost a decade. Everyone wants to be a part of cutting-edge advancements nowadays…[continue reading]

5) Qubit Finance Appears To Have Been Hacked For $80 Million In The Most Recent Defi Exploit

Qubit Financial is the latest decentralised finance initiative to fall victim to hackers, as tales of massive losses trickle in. At the time of publication, details are few, however, it seems that the Qubit Finance Defi protocol has been abused…[continue reading]

6) Federal Reserve Prepares To Hike Interest Rates In March

Following the recent news from the US Federal Reserve, crypto-asset prices continued their downward trend during the morning trading session on January 27. Cryptocurrency markets have lost another 3.3 per cent on the day, bringing their total market capitalisation to $1.70 trillion. Over the last 12 hours, the space has lost an extra $116 billion as the selloff continues…[continue reading]