Walmart debunks litecoin payments announcement and 4 other key things that happened in crypto this week

Walmart debunks litecoin payments announcement and 4 other key things that happened in crypto this week

After since May, the price of bitcoin, the largest cryptocurrency by market value, dropped last week and has since . In the last seven days, the top cryptocurrencies by market value, including bitcoin, ether and cardano, are down. Other altcoins, like dogecoin and XRP, remain in the red too. However, meme-inspired cryptocurrency dogecoin seemingly got a on Sunday after billionaire Elon Musk of his shiba inu puppy. In addition to price movements, here are five things that happened in crypto this week. On Tuesday evening, Brian Armstrong, the CEO of Coinbase, that the Securities and Exchange Commission (SEC) the cryptocurrency exchange over its interest-earning product called Coinbase Lend. While it has yet to launch, Coinbase Lend will let users earn interest on select assets on Coinbase, according to the . For example, Coinbase Lend will offer users a 4% annual percentage yield (APY) on their USD Coin, a stablecoin that is supposed to be pegged to the U.S. dollar, if users allow Coinbase to lend their funds to borrowers. Following the news, on Wednesday. On Wednesday, trading app Robinhood announced in a that it's rolling out a feature for recurring crypto purchases. It will allow users to buy cryptocurrency with