Crypto Digest (Oct 14 - Oct 21
)Welcome to the sixth edition of Paysenger Crypto Digest! Here’s a summary of last week’s most important events in the cryptocurrency world.
📰 Bitcoin Update:The market experienced a strong bullish trend throughout the week. Bitcoin traded between $62,270 and $69,000, marking an impressive weekly growth of 8.98%. Ethereum also saw an increase, reaching $2,642 with a 7.03% weekly gain. This growth was driven by statements from U.S. presidential candidates Trump and Harris, both expressing support for the crypto industry.
Additionally: • Bitcoin’s market dominance hit its highest level since April 2021.
• The outflow of $BTC from centralized exchanges reached an all-time low.
📰 Cryptocurrencies and Governments: • 🇦🇪 UAE: The AED Stablecoin, pegged to the dirham, received its official license.
• 🇮🇹 Italy: Increased its cryptocurrency income tax from 26% to 42%.
• 🇷🇺 Russia: Introduced income tax for crypto miners.
• 🇰🇿 Kazakhstan: Banks are now prohibited from transferring funds to foreign crypto exchanges.
📰 Ethereum’s New Roadmap:Vitalik Buterin plans to transform Ethereum into a unified ecosystem, standardizing user experience and enhancing security. Key goals include:
• Processing over 100,000 transactions per second.
• Improving interoperability between layer 2 blockchains.
• Reducing cross-network transfer times to just 2 seconds.
📰 Cryptocurrency Investments:Large funds continue pouring investments into cryptocurrencies. Notable developments:
• JPMorgan predicts further Bitcoin growth by 2025.
• Morgan Stanley’s Bitcoin ETF assets have grown to $272.1 million.
• In Asia, 76% of private investors now own cryptocurrency.
📰 Service Updates: • Uniswap has integrated with the World Chain network.
• Worldcoin will rebrand to “World.”
• South Korean exchange Upbit will delist the Injective (#INJ) blockchain token.
• OKX delists tokens including #BLOCK, #UTK, #AST, #SIS, #WXT, and #WIFI.
📰 AI and Energy:Amazon and Google are investing in small modular nuclear reactors to power their AI development needs.
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