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Happy Monday Folks! Well, sorta - my Cowboys lost (SMH) another season ends in disappointment, but hey at least Bitcoin is up; question remains is this a new bull run or a bull trap?
Most Covered News:
- Vitalik Buterin names one of Ethereum’s ‘biggest challenges,’ says improvement can be implemented fairly quickly.(6)
- Cardano Network quickly recovers after brief node outage; IOG developer explains why 60% of all nodes went offline.(5)
- European banks must fully cover Crypto holdings with capital, according to draft text.(4)
69% of retail investors unfazed by 2022 Crypto winter. Crypto wallets on crosshair of major banks as they take on PayPal, Apple Pay.(2) After FTX, how Congress is gearing up to regulate Crypto. Foundation behind $XRP rival Stellar ($XLM) tapped for position on new CFTC advisory committee. Bitwise Chief Compliance Officer Katherine Dowling says Stablecoin legislation could come this year. American entrepreneur Arthur Hayes warns Bitcoin to get ‘smoked’ ($15K) if Fed does not pivot.(3)
Securities and Exchange Commission’s ‘regulation by enforcement’ is stalling crypto, Grayscale CEO says in WSJ. FCA Crypto boss's chilling warning, be prepared to lose it all. Central African Republic forms committee to draft Crypto bill. South African self-regulatory body mandates risk warnings in Crypto ads. Is Australia ready to regulate Crypto like financial products? Executives warns against it.(3) The world's best Crypto policies and how they do it in 37 nations.
Bears are losing their minds as Bitcoin ($BTC) price approaches $23,000. Bitcoin Bulls keeps pushing, why $BTC price increase isn’t over yet. Why Bitcoin Has The Momentum To Run Beyond 23,000. $BTC is up 25% since Peter Schiff said it was ‘time to drop Bitcoin.’(2) Bitcoin overtakes Tesla as $40 billion flows into BTC market cap in a week. Bitcoin resistance at $25,000 will be key gauge of rally's momentum, says B2C2. Bitcoin shorts dominate weekly US Crypto fund inflows: CoinShares. Here are three on-chain signals that suggest Bitcoin ($BTC) bear market is over, according to Glassnode.(2) Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K.(2) Bitcoin Puell Multiple starts to leave bear market zone, bull rally here?
This Bitcoin on-chain reading confirms the rally is getting started. But, are big players no longer interested In Bitcoin a bearish indicator? Bernstein says this Bounce in Cryptocurrencies Is a ‘Mean Reversion’ Rally.(2) Someone illuminated a massive Bitcoin logo on Berlin’s iconic TV tower. El Salvador’s exposure to Bitcoin is still “minimal”, asserts regional banker. Solo Bitcoin Miner solves block with Hash Rate of just 10 TH/s, beating extremely unlikely odds.(2) Bitcoin Mining is booming despite market headwinds. Bitcoin miners’ worst days may have passed, but a few key hurdles remain.
Ethereum price consolidates below $1,650 as the Bulls aim another rally. Crypto community with 80% historical accuracy sets Ethereum price for January 31, 2023: $1,424. Did someone just pay over $39,000 in gas fees for Ethereum transaction? Developers finalize first 'shadow fork' for Ethereum's Shanghai upgrade.(3)
Early vote shows strong support for deploying Uniswap on $BNB Chain.
$XRP primed for bullish eruption as Ripple’s Garlinghouse believes ‘truth will come to light’ in SEC case. Over $1 billion inflows into $XRP market cap in a day; Can Ripple’s token reclaim $0.5?(3) Crypto community sets $XRP price for January 31, 2023: $0.39. This $XRP ledger amendment goes live today, without Ripple’s approval. Ripple v. SEC court case update as of January 23, 2023. Lawyer Bill Morgan says ‘room for settlement’ in SEC’s lawsuit vs Ripple. Ripple scam promoted by hacked Twitter account of American TV sports channel.
Cardano finally launches sidechain toolkit. Report shows growth in multiple Ethereum layer 2 networks; Polygon leads the pack.
Bankrupt Crypto lender Genesis owes over $3,800,000,000 to firm’s largest 50 creditors. Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes.
Crypto Exchange Gemini Cutting Another 10% of Staff. (4) Crypto exchange Bitzlato converted over $1B in crime-linked assets says Europol. Bankrupt crypto lender BlockFi urges court to approve bonuses amid 'war for talent.'(3) In Wake of FTX, New York reminds Crypto firms to segregate customer funds.(4)
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations. Thanks again for reading, watching, and listening with me.
WATCH
LISTEN
Podcast of the Day: When Main Street Banks Dabble in Crypto | Bloomberg Crypto
Other Podcast
- The Future of Crypto Isn’t With Wall Street | The Breakdown
- 154 - Sign-in With Ethereum with Wayne Chang | Bankless
- Jump Crypto president unpacks the industry’s broken capital markets | The Scoop
- The Global Crypto Derivatives Landscape | Dan Gunsberg, Hxro Network | The Wolf of All Streets
