Weekly Recap #40 | All you need to know about Bitcoin & Crypto
16 August –22 August 2022
Here is another super interesting Crypto week! Find below a top list of the most relevant news you need to know. Enjoy the reading!
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1.????BlackRock launches spot bitcoin private trust for U.S. clients
BlackRock Inc, the world's biggest asset manager, has launched a spot bitcoin private trust for institutional clients in the United States, according to a blog post on its website.
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2.????Whitepay introduces Crypto payments to Ukraine’s tech stores
Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores.
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3.????NYC Deputy Mayor pocketed Bitcoin, Ethereum worth $15K-$150K
New York City Mayor Eric Adams has expressed his inclination towards the crypto industry and one of his closest advisers, New York City’s deputy mayor for public safety, Phil Banks also seems to have a penchant for crypto. He?revealed that he bagged Bitcoin and?Ethereum?ranging from $15,000 and $150,000.
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4.????Bitcoin loses bullish trendline as Fed sees restrictive rates needed for some time
Bitcoin lost a key price support after the minutes of the Federal Reserve's July meeting dashed hopes that looser monetary policy is set to return to the U.S. next year.
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5.????Ukraine spent $54M in Crypto on drones and other military expenses
Mykhailo Fedorov, Ukraine’s Vice Prime Minister, shared how $54 million of the country’s crypto donations have been spent, drones and military software among other expenses.
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Source: Reuters, Bitcoin.com, Watcher News, CoinDesk, Decrypt
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