27 Jan: Major Bitcoin Adoption

By theinspired | Inspiration | 27 Jan 2023


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CNBC's Jim Cramer recently attributed the crypto market recovery to price manipulation. New York Assembly introduces crypto payments bill for fines, taxes.

Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough. Bitcoin on track for best January since 2013, led by bullish trading in US hours. Which is leading to the BTC Fear and Greed index flashing “Greed” for the first time in 10 months. US institutions account for 85% of Bitcoin buying in ‘very positive sign’ — Matrixport .  So, is Bitcoin a good buy in February 2023? Bullish Derivative Trading Sustains Bitcoin Rally Amid Lower Consumer Spending. Bitcoin will hit $200K before $70K ‘bear market’ next cycle. Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting.

Bitcoin supply in loss hits a 9-month low and the S&P 500 could help send Bitcoin soaring higher. But, Bitcoin price could correct after the US government resolves the debt limit impasse.

Top 9 trends shaping the future of Bitcoin Mining. New York Bitcoin Mining facility US Bitcoin Corp slapped with $10,000 per day fine. Bitcoin miner Gryphon going public via deal to buy cannabis software company Akerna.(2) Marathon forms Abu Dhabi bitcoin mining JV; initial project of 250MW. Argo Blockchain accused of misleading investors in class action lawsuit.(2)

Ethereum price another rejection signals risk of bearish reaction. $ETH: Jack Niewold explains why Shanghai upgrade ‘will have huge impact on Ethereum.’ Opinion: 3 tips for trading Ethereum this year.

Ripple announces new President as firm awaits ruling in SEC lawsuit.(2) $XRP Price Regains Momentum Although Ripple vs SEC Case Still Unresolved.(2) $XRP Bulls Try To Break Consolidation At $0.4 To Conquer New Levels. AI sets $XRP price for Valentine’s Day 2023: $0.421. $XRP: US Lawyer Explains How ‘XRP Ledger Could Interact With CBDCs.’ 

Dogecoin ($DOGE) soars 8%, but an uptick in positive interaction across social platforms suggests a pullback. The state of Solana: Will the layer-1 protocol rise again in 2023? Solana flips Shiba to regain footing post-FTX — Is $MATIC Next? Litecoin 'head fake' rally? LTC price technicals hint at 65% crash.

Custodia Bank Denied Federal Reserve System Membership(2)

Banks will dominate Stablecoins, and 2 other predictions about the future of money. Stablecoin Regulation Is First on New Subcommittee’s To-Do List, Says Chairman. US Credit Ratings Giant Moody Developing Stablecoin Scoring System.(3)

US securities regulator probes Wall Street over crypto custody.(3) Congressman Hill to ‘make sure’ US is the place for blockchain innovation. Crypto custodian Prime Trust to cease operations in Texas at end of January. Regulatory clarity? Financial watchdogs could not be more clear. Why Real Regulatory Change In Crypto Has Not Happened. CFTC Commissioner Kristin Johnson urges Congress to expand agency’s authority to review Crypto acquisitions.(2) UK's FCA flagged some Crypto firms seeking regulatory approval to law enforcement; only approving 15%.(4)

US President Joe Biden to Unveils Plan for Safe and Responsible Development of Crypto.(4) Sen. Ted Cruz wants to force Capitol Hill vending machines to accept Crypto.(2)

BlockFi’s $10M Staff Bonus Package Approved by NJ Bankruptcy Court Judge.(3) Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets. Opinion: Barry Silbert keeps quiet as Genesis goes down in flame. Goldman Sachs: We Are Not an FTX Creditor. Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle.(2) FTX lawyers to reap millions from the bankruptcy case.

FBI Infiltrated Hive Network, Blocking Over $130 Million in Crypto Ransomware.(2) UK man sentenced to 4-1/2 years in jail for stealing $2.5M in Crypto.(2)

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

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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