Cryptocurrency News Roundup: The Biggest Headlines from the Past Week
It's been an eventful week in the world of cryptocurrency, with plenty of news to keep us all busy. Here are some of the biggest stories from the past week:
Bitcoin hits all-time high: On Monday, Bitcoin broke through the $63,000 mark to reach a new all-time high. The surge came after PayPal announced that it would allow US customers to use their cryptocurrency holdings to pay for goods and services at millions of online merchants.
Coinbase goes public: Coinbase, one of the world's largest cryptocurrency exchanges, went public on Wednesday. The company's stock opened at $381 per share, giving it a valuation of over $100 billion. The listing is seen as a major milestone for the cryptocurrency industry.
Turkey bans cryptocurrency payments: On Friday, Turkey's central bank announced that it would ban the use of cryptocurrencies for payments. The move is part of a wider crackdown on digital currencies in the country, which has seen authorities seize over $130 million in cryptocurrency in recent weeks.
Dogecoin surges after Elon Musk tweets: Dogecoin, the meme-inspired cryptocurrency, saw a huge surge in value on Thursday after Tesla CEO Elon Musk tweeted about it. Musk has been a vocal supporter of the cryptocurrency in the past, and his tweets have often had a significant impact on its price.
Ethereum hits new all-time high: Ethereum, the second-largest cryptocurrency by market cap, reached a new all-time high of over $2,500 on Thursday. The surge came amid growing demand for the cryptocurrency, which is used as the basis for many decentralized finance (DeFi) applications.
Overall, it's been a busy and exciting week in the world of cryptocurrency, with plenty of developments to keep an eye on.
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