Crypto Trends Weekly Oct. 9 – 15

    18 Oct 2021

    Breaking crypto news from the last week (Oct. 9 – 15, 2021):

    09 Oct.: The Biden administration is reportedly planning a wide range of crypto oversight and might issue an executive order for the agencies regarding it. The Executive order might be aiming to combat the growing threat of ransomware attacks like the Colonial Pipeline incident and other cybercrime associated with crypto-assets.

    11 Oct.: Crypto marketplace Bakkt announced a partnership with Google to extend the reach and usability of digital assets to meet rapidly evolving consumer demand. Bakkt users will now be able to add their virtual Visa Debit cards into Google Pay, providing the ability to pay in crypto at a variety of online markets and stores, wherever Google Pay is accepted.

    13 Oct.: Dubai, a prosperous city in the United Arab Emirates (UAE), might be one of the best places for crypto enthusiasts looking to live on digital currencies, said local sources. With no capital gains tax and ease of buying and selling anonymously, Dubai makes life easy for crypto investors. Lack of tax on income or capital softens the anti-money-laundering laws in the emirate.

    14 Oct.: Revuto, a one-stop solution for all your subscriptions, has been awarded the fastest-growing consumer product in crypto for 2021 at the just concluded World Blockchain Summit (WBS) in Dubai. Revuto platform that takes pride as the first token sale on the Cardano boasts over 200,000 active users with over 3 million sign-ups who participated in the recent referral program.

    15 Oct.: Valve has issued an update to Steam‘s rules that forbids blockchain-based games, which allow NFT and crypto trading. The developer says Valve is removing blockchain games ‘because NFTs have value.’

    15 Oct.: Bitcoin surged above $60,000 for the first time in six months on Friday, pushing the digital coin further toward its all-time high, as traders speculated US regulators would approve the launch of the first Bitcoin futures exchange-traded fund (ETF).

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