From Square building a bitcoin DeFi business to Elon Musk’s dogecoin tweets: 6 things that happened in crypto this past week

SectorFinancial Markets
CountryMiddle east

The top cryptocurrencies by market value, including bitcoin and ether, on Monday, extending losses from the past week. Dogecoin is in the last seven days. But a lot is still happening in the crypto world.

From Jack Dorsey announcing that Square is building a bitcoin focused decentralized finance business to Elon Musk continuing to tweet about dogecoin, here are six things worth knowing in crypto from the past week. In his on Wednesday, Federal Reserve chairman Jerome Powell called for surrounding stablecoins, which are cryptocurrencies that are supposed to be pegged to reserve assets like gold or fiat currency. “If they are going to be a significant part of the payments universe, which we don’t think crypto assets will be, but stablecoins might be, then we need an appropriate regulatory framework, which frankly we don’t have,” Powell said. Powell also for the creation of a central bank digital currency, or CBDC, in the U.S. If the U.S. had a more...