POKKET Weekly News: The Week In Crypto (26 Oct-1 Nov)

Last Week’s Market Summary

$13,525.56 (+3.55%)

$388.62 (-4.28%)

Total Market Cap
$396.56B (+0.14%)

Bitcoin Realised Volatility
34.39 (-3.03%)

Bitcoin Dominance
63.2% (+3.19%)

S&P 500
3,269.96 (-5.64%)

Bitcoin touched $14,000 last week, now residing comfortably at $13,500 levels. BTC volatility has been creeping up since mid October, but down week-over-week. Since breaking $13,000 levels, BTC seem to be intent on leaving ETH in the dust, with BTC dominance now at levels last seen in July 2020.

We’ve delisted MCO (MCO) and YFV (YFValue) tokens from POKKET last week, as a result of recent developments regarding both tokens. MCO token is being phased out in favor of CRO tokens at Crypto.com, and YFV (YFValue) token is migrating to VALUE on the Value DeFi Protocol. You can read more about it here.

If you still have YFV tokens in your wallet with POKKET, we’ll get them converted to VALUE tokens, and you can earn interest on them once we add VALUE token later this week.

While you’re at it, check out our interest rates including our top 10 earning tokens below.

Here are this week’s highlights

Lagarde Seeks Public Comments About a Digital Euro, Implying a Broad Retail Offering Is Now on the Table

European Central Bank President Christine Lagarde Sunday announced an ECB survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail central bank digital currency (CBDC), not just one intended for use between banks, which would represent a much more profound change in the way finance works, according to Noelle Acheson, CoinDesk’s director of research…

China Should Take Part in Creating Global Regulatory Framework for Digital Currency, Xi Says

Chinese President Jinping Xi said China should proactively participate in creating the international regulatory framework on digital currency. The statement came days after China’s central bank released the proposed banking law to legalize its national virtual currency and ban any other yuan-pegged tokens in the country…

Toyota’s Tech Arm to Begin Company-wide ‘Digital Currency’ Pilot

Toyota’s IT subsidiary Toyota Systems has said it will begin a “digital currency” pilot with the Japanese crypto exchange DeCurret — embarking on a half-year-long company token experiment. DeCurret has also been working on a high-profile pilot with energy provider Kansai Electric Power, as well as a sake and travel-themed tokenized incentive with a famous tourism hotspot

Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash…

Alibaba Founder Jack Ma: “Digital Currencies” Are the Future

Billionaire Alibaba founder yesterday said that digital currencies could help create a new global financial system. He also attacked global banking regulations. But it isn’t clear what exactly the entrepreneur meant by “digital currencies.” The Ant Group, an affiliate company of Alibaba, is about to launch an IPO valued at $30 billion. It is thought to be the world’s largest…

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