This is another episode of a weekly cryptocurrency news series called Last Week Crypto.
We cover the latest global news stories affecting the cryptocurrency markets October 11th through the 17th of 2020.
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======== VIDEO SUMMARY ========
This week we will discuss more government attacks on privacy technology, the likelihood of a transformation into a bankless society, and our crowd favorite, as always, the turbulent US economy and failing dollar.
00:00 – Introduction
01:04 – Importance of Multiple Exchange Accounts
01:38 – Only ONE Official Instagram Account
02:16 – Market Review
03:10 – International Statement: End-To-End Encryption and Public Safety
04:00 – US joins six countries in new call for backdoor encryption access
05:00 – It is the beginning of the end for the banks
06:22 – Bank of England asks banks about readiness for negative rates
06:28 – UK banks not ready for negative interest rates
08:08 – Bankless society ‘inevitable’ due to crypto
08:24 – JPMorgan Calls Square’s $50M Bitcoin Investment ‘Strong Vote of Confidence’
08:34 – 84k BTC were mined in Q3
09:01 – CFTC Chairman Heath Tarbert Talks Ethereum
09:37 – Grayscale Ethereum Trust now holds over 2% of all ETH in circulation
09:59 – OKEx Suspends Withdrawals
10:06 – Bitcoin supply locked as OkEx suspends withdrawal
11:07 – Jeff Bezos is a trillionaire because the dollar is losing value
11:27 – Trump says: ‘I’m ready to sign a big, beautiful stimulus’
12:05 – The greatest leading sell indicator remains undefeated
12:39 – Dow closes 100 points higher
12:47 – China hands out $1.5 million of its digital currency
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