Crypto This Week – Week 41 – Numbers

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Para Para Parachains … The Polkadot Governance Forum (DOT) has approved a proposal to conduct the first auctions of parachains on the network from November 11, 2021. The auctions will be in two batches. The first will consist of five auctions lasting seven days each, while the second will manage six auctions.

The first Bitcoin ETF to be approved by the SEC could be the ProShares Bitcoin Strategy ETF on October 18. But it will only be a term ETF. The most requested physically backed Bitcoin ETFs might not be approved for some time. WTF?

Russian President Vladimir Putin is slowly preparing for cryptocurrencies. Cryptocurrency has the right to exist and can be used as a form of payment, Putin said in an interview with CNBC published on the Kremlins website on Thursday. Nonetheless, he warned that it was too early to talk about using digital currencies to trade oil and other commodities that make up the bulk of Russia’s exports. To Crypto, from Russia with love.

The United States has overtaken China to become the largest mining center. According to the Cambridge Center for Alternative Finance, 35.4% of bitcoin hashrate, the collective computing power of miners, comes from the United States. This recent increase is largely due to Beijing’s crypto crackdown in the spring, which diminished China’s dominance in the industry. Eeny meeny Miners mo, China lets the miners go …

Back to the Future – Payment processing giant Stripe is forming cryptocurrency team to help platform support crypto. Three years after ending support for bitcoin payments, the company is recruiting engineers and designers to build the future of Web3 payments.

Coinbase wants the US government to create a new regulator to oversee the cryptocurrency industry. The exchange also proposed that the crypto industry establish a self-regulatory body for crypto firms. Under their proposed digital asset policy, Decentralized Exchanges (DEX) would not be considered MDAs and the regulator would have the power to approve any cryptocurrency beyond bitcoin and ethereum for the listing or trading in the United States Hit me baby, once again.

Jamie Dimon, CEO of JPMorgan Chase once again called Bitcoin worthless. “No matter what you think, the government is going to regulate it. They will regulate it for purposes (anti-money laundering), for purposes (bank secrecy law), for purposes tax, ”Dimon said. The bank, however, makes crypto trading easier for its high net worth clients. Okay baby boomers!

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