Breaking crypto news from the last week (Oct. 2 – 8, 2021): 02 Oct.: The Global DeFi Adoption Index showed an 880% increase in the usage of DeFi. However, crypto is not so close to becoming mainstream as some developed markets become reluctant on the crypto market. 03 Oct.: Dubai Police has teamed up with…

Billionaire investor George Soros’ family office, Soros Fund Management, has invested in Bitcoin, according to Soros Fund CEO/CIO Dawn Fitzpatrick. Fitzpatrick told Bloomberg in an interview on Tuesday that, “From our perspective again, we own some coins, not a lot, and the coins themselves are less interesting than the use cases of DeFi and things…

Shiba Inu continues its impressive performance with another massive surge of over 60% in a day. Moreover, SHIB is up by over 300% in the past week, becoming the top 20 coins by the market cap, which reached $12 billion. Shiba Inu (SHIB) recently saw its price skyrocket and attracted the attention of many investors….

On Tuesday’s video conference with members of Congress that took place, Gary Gensler, Chairman of the US SEC, has stated that the regulator has no plans to ban cryptocurrency in the United States. During a four-hour hearing, Gensler fielded questions about cryptocurrency, stablecoins, the regulation of exchanges, and decentralized finance (DeFi). In response to Representative…