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Bitcoin is moving in tandem with stocks. A 40-day correlation coefficient for the digital token and the tech-heavy Nasdaq 100 has reached almost 0.66 -- the most in data compiled by Bloomberg since 2010 -- while a similar correlation with the S&P 500 is at a record too.
More info: https://bloom.bg/3KSRuyC
Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs “are an inevitable evolution of today’s electronic currencies,” according to a Bloomberg report. The analysts wrote:
“We expect stablecoin adoption and use for payments to increase significantly over the next several years as financial institutions explore digital asset custody and trading solutions and as payments companies incorporate blockchain technology into their platforms.”
More info: https://bit.ly/3fV6z4n
Europe’s country Kosovo bans cryptocurrency and Bitcoin mining due to spiking energy prices and blackouts. Amid the crack-down against Bitcoin mining, miners within the country have started selling off their mining equipment.
More info: https://bit.ly/3KD93m2
The average blockchain load on the Cardano network reached 94.49% on January 22, 2022; the highest figure recorded on the network since January 16, when the indicator spiked to reach 91.79% from January 14, which stood at 55.23%.
More info: https://bit.ly/32s692n
Vice-chair of the European Securities and Markets Authority Erik Thedéen argued Bitcoin mining has become a national issue and warned of the risks posed to the environment and climate change.
More info: https://bit.ly/3GZYiIq
Telegram founder, Pavel Durov stated that the proposed ban on crypto would “destroy a number of sectors of the high-tech economy.” He added:
“Such a ban will inevitably slow down the development of blockchain technologies in general. These technologies improve the efficiency and safety of many human activities, from finance to the arts.”
More info: https://bit.ly/3G8dWjL
The newly-appointed New York City Mayor Eric Adams has stood by his word to take his first paycheck in cryptocurrency.
More info: https://bit.ly/3nJqQOs
Binance has added CELO, COTI, FLUX, HBAR, ICX, POND and YGG as new borrowable assets on Cross Margin, and BTC/USDC, CELO/BUSD, ETH/USDC, FTM/ETH, LINK/ETH, LUNA/ETH, POWR/ETH, SAND/ETH, SOL/ETH, SYS/USDT and XMR/ETH as new pairs on Isolated Margin.
More info: https://bit.ly/354761z
Cardano’s first decentralized app (DApp) SundaeSwap has launched but is causing a frustration among users due to congestion, platform errors and failed transactions.
More info: https://bit.ly/3tMa2KP
Binance will list API3 (API3) and will open trading for API3/BTC, API3/BUSD and API3/USDT trading pairs at 2022-01-21 10:30 (UTC).
More info: https://bit.ly/3nK62GV
The bitcoin price has crashed 10% over the last 24 hours, dropping under $40,000 to around $38,000, a level not seen since the summer of 2021. Meanwhile, the price of ethereum, BNB, solana, cardano and XRP have all dropped between 7% and 11%.
More info: https://coinmarketcap.com/
Ripple has landed a small victory in their legal battle with the Securities and Exchange Commission (SEC) that has lasted over a year. A federal judge has ruled to grant Ripple access to emails within the SEC, which Ripple believes will help their case.
More info: https://bit.ly/3tGQ7Nh