Crypto Trends Weekly Oct. 23 – 29

    02 Nov 2021

    Breaking crypto news from the last week (Oct. 23 – 29, 2021):

    23 Oct.: Walmart, the world’s largest company by revenue, enables customers to buy Bitcoin at dozens of its U.S. stores. The retail giant is offering Bitcoin through 200 of its Coinstar ATMs in partnership with crypto firm Coinme. This service can be extended if Bitcoin value and consumption continue to rise.

    24 Oct.: Shiba Inu meme-coin was up 50% in the 24 hours and reached a record earlier in the day, becoming the 11th-biggest cryptocurrency by market value. The speculations, media, and buzz surrounding crypto is adding to its surge.

    25 Oct.: Nigeria launched a digital currency (eNaira), the central bank said, months after it barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies.

    26 Oct.: Investors poured a record $1.5 billion into the cryptocurrency market last week, as the first-ever Bitcoin ETF kicked off trading, with the underlying asset itself hitting an all-time high, according to CoinShares data.

    Mastercard and crypto firm Bakkt partnered to enable cryptocurrency card payments. Banks will be able to issue debit or credit cards that let people pay with Bitcoin and earn cryptocurrency as rewards.

    27 Oct.: At a webinar held in Bahrain on Wednesday, experts have discussed how new digital payment means are facilitating transactions, and how cryptocurrencies can help to develop Islamic finance.

    28 Oct.: The Financial Action Task Force (FATF) is looking to ramp up the pressure on countries to adopt crypto regulations – and its updated guidance has made mention of NFTs, DeFi, peer-to-peer trading, and stablecoins for the first time.

    29 Oct.: Ethereum, the second-biggest cryptocurrency in market cap, reached an all-time high, touching $4,400 for the first time. Meanwhile, the current meme-coin craze is also contributing to ETH’s value proposition, with Shiba Inu (SHIB) now consuming more gas than major stablecoins.

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