Last Week in Crypto – The Biggest Week in Crypto! (Over the Past Decade)
This is the third episode of a weekly cryptocurrency news series called Last Week in Crypto.
We cover the latest global news stories affecting the cryptocurrency markets July 19th through 25th of 2020.
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=== VIDEO SUMMARY ===
In this episode we will talk about what happened in the markets, Ethereum’s technical limits, the exponential growth of DeFi’s market cap, the failing US dollar, and the massive leaps and bounds that have taken place this week, that make the past decade look like peanuts.
Bitcoin’s 7-day moving average was 4.9%, and Ethereum up a staggering 23.4% overall.
As more people are discovering the power of DeFi, Ethereum’s network has been inundated with tons of action, pushing Ethereum to its technical limits and causing transaction fees to soar.
Luckily this week, an update about Ethereum 2.0 was released stating the final testnet is set to launch August 4th.
In the United States, the Office of the Comptroller of the Currency has formally stated that nationally chartered banks can hold cryptocurrencies for their customers.
And the Acting Comptroller Brian Brooks, was Coinbase’s Chief Legal Officer who left them this past March to take on this US regulatory roll.
It means massive adoption near.
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