14 Jan 2022: Brazil Buys Bitcoin

14 Jan 2022: Brazil Buys Bitcoin


"To see what is right and not do it is a lack of courage."
-Confucius

Bitcoin: $42,266.76 | Dom: 39.7% | HR: 187.788 EH/s

Breaking: Rio de Janeiro’s Mayor to Invest 1% of The City’s Treasury in Bitcoin - Update: Fidelity - Rio de Janeiro Crypto Adoption is Only the Beginning.

This Just In: USDC's supply on Ethereum surpasses that of rival USDT's for the first time and Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle.

High Rotation Issues (Mentioned in several publications)

  • More Wins For XRP As Ripple Gains Access To Email Of Hinman’s Landmark Speech About Ethereum Being A Non-Security
  • Tesla launches Dogecoin payments for merch, but there’s a catch; no refund and price jumps 17%
  • Tether Freezes $150M Worth of USDT, Blacklists 3 Addresses
  • FTX Rolls Out $2 Billion Venture Fund; hires Lightspeed exec to lead
  • Crypto Asset Software Firm Lukka Hits Unicorn Status After $110M Series E; $1.3B valuation.
  • Near Protocol raises $150M to promote Web3 adoption
  • Swiss Central Bank, BIS, SIX Complete Test of Wholesale CBDC Trial Labelling it ‘Operationally Possible’
  • India May Launch Asia’s First Crypto Exchange Traded Fund
  • Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security

Bitcoin
Bitcoin Reaches Completion of Its Death Cross and Bitcoin dips below $42K as new forecast says breakout 'most probable outcome' for BTC price. Bitcoin (BTC) Bounces After Rejection From $44,200 Resistance. Analysts expect turbulent Bitcoin price until $46,500 flips to support.

BITCOIN IS A BETTER STORE OF VALUE THAN REAL ESTATE

Altcoins
Almost 20,000 ETH burned in a single day, setting a new all-time high. ChainLink (LINK) Bounces But Fails To Breakout From Pattern Resistance. Massive Ethereum Whale Begins Accumulating Four Altcoins As Bitcoin and Crypto Markets Recover. Mark Cuban Is Quietly Accumulating Several Altcoins Built on Ethereum – Here’s a Look at the Billionaire’s Top Crypto Holdings.

Doggie-Coin Watch
8 Million Dogecoin Just Bought by This ETH Whale as Tesla Starts Accepting DOGE. Ethereum Whale Buys 58.9 billion Shiba Inu ($SHIB) Amid Robinhood Listing Rumors. CoinMarketCap Debunks Shiba Inu "Fake" Contract Addresses Accusations Made by Official Shiba Team. Shiba Inu's Biggest Holding Among Whales Title Surprisingly Taken Away by FTT Token.

Analyst's Corner
The pseudonymous crypto analyst known as Cheds tells his 35,700 YouTube subscribers that BTC flashed a “false break” after briefly plummeting below $40,000 on Monday. These Crypto Assets Have 10X Potential in 2022, According to Altcoin Daily. Here's Why DOGE, SHIB and FLOKI Are Important for Crypto Space, David Gokhshtein Believes. 70% of US crypto holders started investing in 2021: Report. The Most Undervalued Altcoin ($AAVE) in DeFi Could Blow Up 5X This Year, According to Coin Bureau. Veteran trader Tone Vays says he’s remaining bullish on Bitcoin (BTC) despite the top crypto’s momentum oscillators showing weakness. Coin Bureau on $AAVE: ‘Fair Valuation Could Be Well Over $1,000’.

Notable Voices

  • "Twitter Philanthropist" Pulte Expects Bitcoin to Go Down

Acquisitions/Partnership
Coinbase Becomes Sponsor-A-Scholar Partner of Yield Guild Games (YGG). FTX US and Bitstamp USA Are Working to Offer Stock Trading Services.

Acceptance/Adoption
University accepts Bitcoin donations to fund crypto-related activities. 55% of crypto holders in the US and UK prefer salary payments in cryptocurrencies

Follow Dat Money
Fan Controlled Football raises $40M to expand league with Bored Apes and Gutter Cats. Binance Backs WOO Network With A $12 Million Strategic Investment. ICON commits $200M to interoperability incentive fund.

Blockchains
Polygon (MATIC) Network Activity Spikes to Record-Breaking Numbers, Here's Why

Exchanges
Crypto.com Lists New Ethereum-Based Decentralized Exchange Token ($IDEX). Jack Dorsey’s Block to List on Australia’s ASX in First Major Crypto Listing in Exchange’s History. Emilie Choi explains what Wall Street doesn’t understand about Coinbase. Crypto Startup Abra Enters Institutional Asset Management Business. Bitfinex advises Ontario-based users to close accounts before March 1.

Regulation
Estonian Regulator Says They Don’t Have Any Plans To Ban Cryptocurrencies. OCC Chief: Bank Regulation Can Put 'Stable' in Stablecoins. Countries With Cryptocurrency Restriction Laws Increased In Three Years. US Lawmakers Schedule Hearing To Probe Energy Impact of Crypto.

Mining
Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block’s mining system. Max Keiser Predicts That G7 Country Will Start Mining Bitcoin.

MAKING THE DECISION TO MINE OR PURCHASE BITCOIN

Web3
Stacks ecosystem becomes #1 Web3 project on Bitcoin. Second Life creator returns to lay claim to the metaverse. OpenSea Surpasses One Million Active User Wallets. Axie Infinity Program Lead: 2022 Will Be ‘All About Gameplay.’ Shoe company Crocs is eyeing an NFT play, according to trademark application. NFT sales and blockchain games continue to grow despite the recent market slump: Report.

With the good comes the bad, President Bukele Has Lost Over $11 Million Trading Bitcoin For El Salvador. This Ethereum User Accidently Paid 42 ETH for $0 Worth of "WTF" Tokens Right After Investing in Rugpull Token. Russian authorities raid REvil hackers, seize luxury cars and crypto. Ethereum giant ConsenSys sues former fund manager for resume fraud. A look at the fees.wtf airdrop and what went wrong.

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TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and have methodically followed it daily. I pull together the most relevant news articles, blog post, videos, podcast, and social media mentions to create "Crypto Watch' a daily brief sent before 9AM EST.


The Crypto Curator
The Crypto Curator

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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