Crypto Trends Weekly – October 15 – 21

    24 Oct 2022

    Breaking crypto news from the last week (Oct. 15 – 21, 2022):

    Oct. 15: TRON founder Justin Sun announced a merger between the TRON network and the Heco Chain. In his words, the TRON and BitTorrent chain network will merge with developers from Heco. Sun made this announcement a day after revealing his Huobi tokens holdings. On Friday, he said that he has up to 10 million Huobi Tokens (HT).

    Oct. 17: Mastercard announced the Crypto Source program, which will make it easier for banks and financial institutions to offer cryptocurrency trading. The payments giant is teaming up with Paxos to launch the service and take care of compliance and security.

    Aptos Labs blockchain announced the long-anticipated launch of its mainnet, becoming the first of the Facebook spin-off networks to premiere and test its multibillion-dollar valuation. However, until the Aptos token, wallets, trading venues, and DApps debut, there won’t be many use cases on Aptos.

    Oct. 18: The European Union released a package of documents related to an action plan for implementing the European Green Deal and the REPowerEU Plan, which aim at energy savings by digitalizing the energy sector. In place of Proof-of-Work mining, the EU plans to increase the Proof-of-Stake concentration in the bloc.

    Oct. 19: Tesla’s Bitcoin holdings remain unchanged from Q2 2022, or about $218 million worth, the documents released by the car manufacturer say ahead of its Q3 investor relations call. Despite the crypto bear market, Tesla remains one of the largest Bitcoin corporate holders.

    Oct. 20: Stablecoin issuer Tether will make USDT available at 24,000 ATMs in Brazil starting Nov. 3. The mutual conversion of Tether and Brazilian reals will be managed by the local crypto services provider SmartPay and the ATMs’ owner TecBan.

    Oct. 21: Gavin Wood, the Polkadot co-founder, is stepping down as the CEO of Parity Technologies, the blockchain development company behind the Polkadot ecosystem. Björn Wagner will now lead Polkadot’s key backer company.

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