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🔴 Bitcoin's Record-Breaking Week | This Week in Crypto – Oct 25, 2021 - YouTube
Channel: 99Bitcoins
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New all-time highs for Bitcoin,
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an 87% flash crash hits Binance.US,
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and would you let your eyeballs
be scanned for a new crypto project?
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These stories and more
this week in crypto.
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Hi, I’m Nate Martin
from 99Bitcoins.com,
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and here’s what’s happened
this week in crypto.
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Bitcoin briefly hit a new all-time high
of $66,000
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after the first bitcoin ETF began trading on NYSE Arca.
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The ProShares Bitcoin Strategy ETF,
ticked BITO,
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became one of the most successful
ETF products launched
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on the traditional market ever,
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seeing over $1 billion in traded volume
on its first day.
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Binance’s US exchange experienced
a momentary flash crash
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when Bitcoin briefly plummeted
to around $8,000 dollars per coin
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on the platform.
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Binance explained that there was
a bug in their trading algorithm
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that caused the massive sell-off.
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Although the crash lasted
less than a minute
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it is thought that some traders managed
to buy in at the discounted price.
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Retail chain Walmart has begun
quietly installing bitcoin ATMs
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at 200 of its stores in the United States
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as a pilot to allow its customers
to use cash to purchase bitcoin.
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Coinstar is operating the machines
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in a partnership with crypto exchange
Coinme.
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The machines will require ID verification
in order to purchase BTC.
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Social media giant Facebook
has chosen Coinbase
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to provide custody of assets it will offer
testers of its new Novi wallet.
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Initially announced 2 years ago
under the name “Libra,”
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Novi was designed to help traders
send money anywhere in the world
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with no fees
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but the project has encountered several
regulatory hurdles over the years.
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Grayscale Investments confirmed
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that it will convert its Bitcoin Trust
into a spot bitcoin exchange-traded fund.
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The NYSE Arca Exchange has already filed
a document to the SEC
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to convert GBTC into an ETF.
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The trust is currently the largest
bitcoin investment vehicle
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in the world
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and holds more than 3%
of all Bitcoin in circulation.
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The U.S. Treasury Department
has issued guidance to crypto companies
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explaining how to comply
with present sanctions.
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These packets are designed
for cryptocurrency exchanges, miners,
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and wallet providers
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detailing topics like using tools to block
IP addresses from sanctioned countries,
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monitoring transactions to identify
fraudulent individuals,
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and regularly auditing past trades
to unveil illicit crypto addresses.
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The 175-year-old US news agency,
Associated Press
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will provide economic, sports
and election data to Chainlink
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to ensure any data from its U.S. newspaper
and broadcaster members
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would be cryptographically verified.
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Chainlink is blockchain’s most popular
data oracle;
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it takes real world data and brings it
on-chain to be used by smart contracts.
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A new cryptocurrency project
is using people’s retinas
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to create a unique personal identifier
called IrisHash
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as part of securing personal data.
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In return for some coins,
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people are asked to look into a silver orb
that captures their information.
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Worldcoin announced new funding this week
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and said it has already scanned
130,000 eyes across the world.
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A huge thanks to Unstoppable Domains
for being our sponsor this week.
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With Unstoppable Domains choosing Polygon
as layer 2 solution,
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starting November 15th,
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you will be able to claim NFT domains
without paying any claim,
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renewal or gas fees!
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Join Polygon's growing ecosystem of wallets,
exchanges and dapps
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and claim your NFT domain
with the link in the description below!
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That’s what’s happened
this week in crypto,
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see you next week.
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