At the end of the week, we take stock of what has been written about these seven days and collect everything that is relevant for fans of cryptographic and decentralised technology.

This week the price of bitcoin exceeded the historic maximum on several exchanges, the launch of the zero phase of ether 2.0 took place and the Libra project changed its name to Diem. It also became known that S&P Dow Jones Indices will launch cryptocurrency indices in 2021, and Visa will connect the USDC stablecoine to its payment system.

Views
Larry Fink, CEO of BlackRock, the world’s largest investment company with $7.43 trillion in assets under management, said in a conversation with Mark Carney, former Governor of the Bank of England that Bitcoin „has attracted a lot of people’s attention“. Fink pointed to the volatility of the asset and noted that bitcoin is a small asset that can become a global market.

Renowned investor and founder of Tudor Investment Corporation Paul Tudor Jones said in an interview for Yahoo Finance that bitcoin is in „a crazy rocket flight“ and will continue to grow.

According to Dan Shulman, CEO of PayPal, each cryptographic company must cooperate with regulatory authorities. This will speed up the legalisation of the Bitcoin industry and the introduction of digital currencies.

Joseph Lubin, co-founder and head of ConsenSys, said at the Ethereum in the Enterprise conference that Ethereum 2.0 will „consume the airwaves in the not so distant future.

Popular cryptoanalyst Willie Woo believes that the price of bitcoin could reach $300,000 in just one year. In a series of tweets dated 1 December, Wu stated that he was ’never so optimistic‘ about the prospects for Bitcoin 2021.

According to Bloomberg analysts, the price of bitcoin could rise to $50,000 in 2021.

Exchanges
100x Group, the parent company of the BitMEX cryptoderivatives exchange, hired a top manager of the Stuttgart Stock Exchange as the new CEO.

Coinbase helped MicroStrategy invest $425 million in Bitcoin. Brett Tejpol, Head of Institutional Sales at Coinbase, said that the exchange was able to buy „a significant number of bitcoins for MicroStrategy without significant market impact. Coinbase also announced support for the launch of the Air 2.0 network.

Regulation .
The Russian Cabinet of Ministers sent a draft law on the introduction of a tax for holders of digital currencies to State Duma deputies.

The Central Bank of the Russian Federation will refuse to recognise ruble-backed stealcoins. Also, the Central Bank will not allow other banks to issue the digital rouble.

The Russian Association of Crypto Industry and Blockbusters (RACIB) fears that the introduction of the digital rouble will lead to a return to the Soviet financial system. The Association of Russian Banks conducted a survey of financial market participants and found that most of them do not support the idea of introducing a national digital currency.

The central banks of Saudi Arabia and the United Arab Emirates summed up their work to assess the consequences of the launch of the digital currency (CBDC).

Last week it became known that Chinese police confiscated more than $4.2 billion in crypto assets from the organizers of the financial pyramid PlusToken. According to the Chinese journalist Colin Wu, an official statement from the authorities indicates that the government has probably already sold the cryptographic assets in question.

Experts from European central banks forecast that the digital euro can only be launched in five years.

Other events
Investment company Guggenheim Partners has filed a notice with the US Securities and Exchange Commission (SEC) that the $5 billion fund of the company called Guggenheim Macro Opportunities can access the bitcoin by investing up to 10% of the fund’s net assets in the Grayscale Bitcoin Trust (GBTC).

MicroStrategy, a public company, has invested another $50 million in bitcoin, SEC CEO Michael Saylor said citing a notification to the US Securities and Exchange Commission (SEC).

New York Digital Investments Group (NYDIG) has raised $150 million for two new cryptographic funds.

Chinese mining company Canaan reported a net loss of $12.7 million in the third quarter, despite an increase in the bitcoin price over the same period.

Researchers at the University of Bern have published a report arguing that the Ripple consensus protocol does not provide network security and could allow users to „double-spend token“ and stop processing transactions.