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Top Crypto Stories from last week: Square rebrand as Block, El Salvador buys the dip, Putin FUDs, and Bitcoin tanks to $42K

Hello and welcome to our weekly recap covering the top crypto stories from last week.

South Korean Legislators remain adamant about suspending Crypto Tax Bill

Lawmakers in South Korea have continued their push to halt the proposed crypto tax law for another day. 

An amendment to that effect is already in place and could be signed later this week.

Jack Dorsey resigns as CEO of Twitter

Jack Dorsey has stepped down from his Chief Executive Officer role at Twitter, handing over power to Parag Agrawal.

not sure anyone has heard but,

I resigned from Twitter pic.twitter.com/G5tUkSSxkl

— jack⚡️ (@jack) November 29, 2021 

Shiba Inu gets listed on Kraken

Shiba Inu, the meme coin founded last year will now feature on Kraken’s platform after the US-based crypto exchange announced support for it.

Vladamir Putin says digital currencies bear a high risk 

Russia’s President Vladimir Putin has thrown cryptocurrencies under the squash yet again; during an interview with a local media platform, Putin said:

“It is not backed by anything, [and] the volatility is colossal, so the risks are very high. We also believe that we need to listen to those who talk about those high risks.”

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Crypto.com buys stake in two US crypto exchange

Mainstream Crypto exchange, Cryotp  has bought stakes in two small or medium crypto exchanges, allowing it to offer its derivatives and futures trading to users in the countly.

Square Inc changes name  to Block

Jack Dorsey owned digital payment company Square has rebranded its name as block as it looks to explore blockchain.

Wazirx boss says Crypto ban is looming in India

Waziri exchange CEO Nischal Shetty has hinted that the Indian government might clamp down on the domestic crypto industry. Shetty, citing “unconfirmed,” shared a couple of intriguing claims via Twitter.

In his Tweet, Nischal Shetty says “Self Custodial Wallets” may be outlawed

Nayib Bukele leads El Salvador to buy bitcoin dip again

Nayib Bukele-led El Salvador has seized the opportunity presented by the market downturn to buy more bitcoin tokens at a discounted price. The Central American country bagged additional 150 bitcoins at $48,670 each.

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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