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Ten of the Biggest Crypto Stories This Week: Facebook’s rebrand, Ether & Shiba set new ATH, El Salvador buys bitcoin’s dip and more

We present ten of the most juicy crypto stories that grabbed the headlines this week.

Facebook’s Rebrand

Crypto Stories

Top of the list is the most trendy and fascinating amongst all crypto stories in the last seven days.

Facebook confirmed its newly found interest in metaverse by announcing a change of name last Thursday. The social media giant swapped the word “Facebook” for Meta. However, the terms of the apps (Facebook, Instagram, Whatsapp, and Messenger) the company controls will remain unchanged. Read more.

Ethereum hit new height 

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Antalya, Turkey – May 21, 2021: Close-up of Ethereum ETH cryptocurrency over computer circuit

Following the success of the altiar upgrade, Ethereum (ETH), set a new all-time high this week. 

The second-largest digital currency by market capitalization smashed the previous ATH record of $4,308.48 set on Oct. 21 to reach  $4,400.97 at 1:02 a.m. UTC. Read more here.

Mastercard partners Bakkt to integrate Crypto Payments

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İstanbul,Turkey – Agust 14, 2011:Mastercard logos on credit cards, the credit card c.mpanies in the world.

Global payment tech company Mastercard and digital asset firm Bakkt have entered a pact to incorporate crypto payments.

The “multifaceted partnership” will enable merchants, banks, and fintech startups to offer a wide range of crypto services and also expose Mastercard customers to a number of crypto solutions. Read more here.

MicroStrategy’s Bitcoin’s reserve climbs to $7 billion

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Banner MicroStrategy Incorporated on dark abstract background with Bitcoin symbols and red glow. Company that buys bitcoins and other digital coins and pushes the market up. Vector illustration.

One of the biggest Crypto stories this week was the revelation that business intelligence firm MicroStrategy accumulated around 9,000 Bitcoin in the third quarter to become the world’s largest publicly traded corporate owner of Bitcoin. Read more here.

Squid game token surge by over 60,000% but investors are unable sell

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A new entry into the crypto market, the squid game token (SQUID), has grown by more than 60,000%, but investors are having difficulties swapping the coin, sparking suspicions of foul play.

Reports of users being unable to sell the tokens have raised concerns amongst investors and other crypto enthusiasts. Read more here.

India likely to choose crypto regulation over an outright ban

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New Delhi, India, February 12th 2018: bitcoin concept , Indian money with cryptocurrency bitcoin

In contrast to its well-documented stance to outrightly ban cryptocurrency, the Indian government will likely support crypto regulation in its upcoming budget cycle next February.

According to Business News, officials of the Finance Ministry and the Reserve Bank of India (RBI) have teamed up to design the legal framework. Read more here.

Shiba Inu flexed its muscles to reach new ATH

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Fujian, China – August 26, 2021: Heap of Shiba Inu on shiny golden background.

Our top ten biggest crypto stories of the week will be incomplete without mentioning Shiba Inu.

Dogecoin’s perennial rival, Shiba Inu, trended all week as it set a new ATH record, attracting heavy interest and investments from crypto enthusiasts. Read more here.

El Salvador bought the dip!

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El Salvador’s President Nayib Bukele announced that his country pounced on the opportunity presented by the brief market dip to bag additional 420 Bitcoin tokens. Read more.

US Regulators to Set Clear and new Rules for Banks to Deal with Crypto

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Slovenia, Ljubljana – 11 11 2019: Golden cryptocurrency Bitcoin on flag of United States of America, USA

As reported by Newbsc’s Mnmansha on Thursday, US legislators are keen to introduce new rules that will enable banks to hold cryptocurrencies on their balance sheet. Read more.

Nigeria mints 500 million eNaira tokens

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The Nigerian Central Bank (CBN) announced on Monday that it had minted 500 million naira worth of eNaira tokens.

The CBN governor, Godwin Emefiele, confirmed this during the official launching of Nigeria’s CBDC at the Presidential Villa, Aso Rock. The country’s number one citizen, President Muhammadu Buhari, was also in attendance. Read more.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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