Most of the top cryptocurrencies suffered losses.
The last seven days have seen a decrease in the value of the digital currency. After hitting an all-time high, the price of the digital currency fell. It is currently trading at over fifty grand.
In the last seven days, the price of ether has fallen by 12.4%.
There were six important things that happened in the space this week.
The name of the Los Angeles Lakers' arena in Los Angeles will be changed to the Anschutz Entertainment Group's Staples Center.
The Lakers will host the Nets on Christmas Day.
The coin called CRO rallied after the deal was announced. It hit an all-time high of 78 cents on Sunday.
The Lakers are one of the NBA's top brands, and this deal may lead to more market share for the company.
The bipartisan infrastructure bill was signed into law by President Joe Biden.
The provision would require each broker to report their gains in a form. The names and addresses of their customers will have to be disclosed.
Critics worry that the provision definition of a broker is too broad. The current language could potentially target those without customers who wouldn't have access to the information needed to comply.
The Keep Innovation in America Act would make it clear that software developers and others won't be included.
Clinton spoke about cryptocurrencies at the New Economy Forum.
Clinton hopes that nation-states start paying more attention to the rise of cryptocurrencies.
Clinton said that the effort to mine new coins in order to trade with them could undermine the role of the dollar as the reserve currency for destabilizing nations.
The U.S. Constitution was sold at an auction on Thursday for $41.2 million. The copy could sell for up to $20 million.
He beat out a group of investors who were going to buy the document. Within a few days, the DAO raised over 40 million dollars.
The auction set a world record for most expensive book, manuscript, historical document or printed text.
The president of El Salvadoran announced on Saturday that the country will build a "Bitcoin City" funded by thecryptocurrencies.
The city will have no taxes except for the value-added tax, which is a levy on goods and services at each step along the supply chain. Construction will start in 2022.
El Salvadoran plans to raise $1 billion with a "Bitcoin Bond". Half of the funds raised will be used to buy bitcoin, and the other half will be used for other things. The government said half of the money would go toward mining infrastructure.
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The 32-year-old made over $1M in 9 months selling NFTs, now he is investing in the metaverse.
