Crypto News Recap – THIS Is Pushing Up the Price of Bitcoin – Nov 27 – Dec 4 2020

Crypto News Recap – THIS Is Pushing Up the Price of Bitcoin – Nov 27 – Dec 4 2020

News Recap Synopsis and additional links found on the unchainedpodcast.com website:

THIS Is Pushing Up the Price of Bitcoin
Plus, how much you can earn staking ETH2

This week, on Monday, Bitcoin reached a new all-time high, and on Tuesday, Ethereum 2.0 went live with the beacon chain. Many signs point to institutional investment being the driver behind the current bull run, since public interest has yet to reach the heights of the 2017 frenzy. Congress is pushing a bill that would require all stablecoin issuers to obtain bank charters, but the crypto community says such a law would be nothing but a step backward. Visa has announced that they have begun integrating USDC into their platforms. And the Forbes’ annual Under 30 list has a strong presence of crypto entrepreneurs.

This week’s top stories:

Ethereum 2.0’s Beacon Chain Is Live
https://www.coindesk.com/ethereum-2-0-beacon-chain-goes-live-as-world-computer-begins-long-awaited-overhaul

Bitcoin Hits New All-Time High

Metrics Show Bitcoin and Ethereum Activity is Heating Up

House Bill Would Require Bank Charters for Stablecoin Issuers
https://www.coindesk.com/us-lawmakers-introduce-bill-that-would-require-stablecoin-issuers-to-obtain-bank-charters

Visa to Connect to USDC
https://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million/?sh=46f147cd4b1f

Crypto News Roundup

$4 billion worth of cryptocurrency (including $3.8 billion BTC) was seized
https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown

Lukka, the S&P Dow Jones Indices plans to launch two index products
https://www.theblockcrypto.com/linked/86498/sp-dow-jones-indices-lukka

Libra Association announced the adoption of a new name, Diem
https://www.diem.com/en-us/updates/diem-association/

BitMEX, appointed Alexander Höptner as its chief executive officer

Fun Bits
A Strong Crypto Showing in Forbes’ 30 Under 30 2021 List
https://www.forbes.com/30-under-30/2021/?utm_source=TWITTER&utm_medium=social&utm_content=4264030543&utm_campaign=sprinklrForbesUnder30Twitter

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