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Welcome to Thursday Folks! This blog is updated throughout the day so more news is coming today but as you can imagine with this week being between Christmas and New Year, not a lot of news is coming out.
Most Covered
- 3Commas CEO confirms API key leak following warning from CZ.(8)
- Celsius looks to extend deadline for customers to file claims.(4)
- California regulator issues barrage of crypto scam warnings.(4)
BTC price preserves $16.5K, but funding rates raise risk of new Bitcoin lows. Bitcoin On-Chain Analysis: Supply in profit and loss suggests final capitulation.(2) Bitcoin (BTC) investors likely at start of historic accumulation phase, according to Messari CEO Ryan Selkis. Crypto community sets Bitcoin (BTC) price for January 31, 2023: $19,640.56. Bitcoin price would surge past $600K if 'hardest asset' matches gold. Anthony CoinDesk research shows that per unit of risk, bitcoin and ether performed significantly better than bonds and had similar results to equities in 2022; Scaramucci highlights BTC's resilience over prominent stocks.(2) Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka and is reportedly considering pushing a bill to adopt BTC as legal tender in the country.(3) Step Aside, Ethereum: Blockchain project Stacks wants to bring smart contracts to Bitcoin.
Microstrategy Bitcoin purchase divides the crypto community. Many praised the move, while others brought up some potential negative effects of one entity holding a lot of Bitcoin. MicroStrategy’s Bitcoin wash trade is still legal… for now. Grayscale's GBTC's beating this year very likely to persist. Bitcoin miner Bitfarms' CEO resigns and is replaced by COO.(3) Helios is a ‘transformative acquisition’ for Galaxy Digital, says Novogratz. Chinese Communist Party official pleads guilty to helping Bitcoin miners(2) and over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows.
Binance Coin to drop to $44, claims renowned Crypto analyst Profit Blue. Dogecoin breaking past the Key Barrier of .077 which could spell 10% spike for $DOGE; must remain above .069.(2) Cardano ($ADA) and Litecoin ($LTC) Whales accumulating aggressively, says Crypto analytics firm Santiment. However, Cardano ($ADA) price bound for another correction despite already immense fall.
XRP lawyer John Deaton says SEC Chair Gary Gensler will drive Crypto prices lower with future lawsuit against an exchange. ‘Wall Street Wolf’ J. Belfort calls FTX ‘slaughter’ drug-related, says SBF is ‘done.’ Alameda wallets funnel over $1.7M via crypto mixers overnight. SBF’s New Judge Already Sent One Crypto Fraudster to Prison. Robinhood shares claimed by BlockFi and FTX may move to a neutral broker. Caution: Kevin O’Leary’s Twitter gets hacked promoting a free crypto giveaway.
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.
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Podcast of the Day: #191: Oliver Gale, CEO of Panther Protocol, on Fundraising and Privacy in Crypto | Cryptonews
