Crypto Stories

Ten of the Biggest Crypto Stories Last Week: Buterin promotes City Tokens, Reps pass bipartisan bill, Cash App earned $1.8B from Bitcoin Revenue in Q3

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

Vitalik Buterin is bullish on city tokens and digital democracy

Ethereum co-founder Vitalik Buterin believes city tokens will help facilitate financial equality, better social development programs, and good governance.

Vitalik, citing two US states (Miami and Wyoming) as a reference, says there’s been a “growth of interest” amongst local governments to experiment more with decentralized autonomous organizations) DAOs. Read more here.

Miami Mayor Suarez wants his next salary to be 100% paid in Bitcoin

Miami Mayor Francis Suarez has continued his bullish outlook on bitcoin with a new bold request, asking for his next paycheck to be paid 100% in bitcoin.

The famous crypto advocate, who reportedly earns $182,076, made this request in a tweet last Tuesday. Read more here.

Commonwealth Bank partners Gemini and Chainalysis to offer Crypto Services

Commonwealth Bank (CBA) is collaborating with Gemini and Chainalysis to offer crypto services to customers.

The multinational bank becomes the first Australian financial establishment to support crypto offerings. Read more here.

Reps forward bipartisan infrastructure Bill including Crypto Tax to the White House

US legislators on Friday sent the bipartisan infrastructure bill, including Crypto Tax, to the White House.

According to reports, 226 representatives stamped their seal of approval on the deal against 206 that voted against it, completing one of Joe Biden’s main objectives. There have been concerns about whether a similar bill pioneered by the Democrat would sail through alongside the bipartisan infrastructure bill. Read more here.

Brian Brooks takes up new role with Bitfury

Former US acting Comptroller of the Currency has left his position as CEO of Binance.US to become CEO of crypto mining firm Bitfury. Read more here

Google invests $1B in CME Group 

Google has made a $1 billion investment into crypto derivatives product firm Chicago Mercantile Exchange. Read more here.

Chainlink’s total value secured exceeds $75B 

Chainlink network’s total value topped $75 billion last week, representing a new high for the decentralized oracle solution platform. Read more here.

Cash App raked in $1.8B from Bitcoin Revenue in Q3

Universal payment platform Cash App generated $1.82 billion from bitcoin revenue in the third quarter.  The Square-owned company disclosed this in its  Q3 earnings letter. Read more here.

Bakkt broadens its Crypto Offering to include Ethereum

NYSE listed digital asset manager Bakkt will integrate support for Ethereum (ETH) on its platform, allowing customers the luxury of trading the second-largest digital currency in the world. Read more here.

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Binance CEO CZ advises investors to “DYOR” after Squid Game Token scam

Popular crypto figure Changpeng Zhao (CZ) reminded users and investors on the Binance exchange platform about the risks involved in DeFi and other crypto investment opportunities in the aftermath of the Squid Game Token scam. Read more here.

Thanks for reading through our Top ten biggest crypto stories for last week. We hope you enjoyed it. Kindly join our Telegram channel to get notified every time we publish a new story.

NEXT: Mayor-elect Eric Adams has big plans for Crypto in New York City

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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