Cryptocurrency & Financial
Markets News, Stats
& Data for 19th Jan 2022
break out soon - get ready to buy

Today I talk about the following:

1. Market Stats, Trading models, Technical analysis, Sector performances & liquidity

2. Fiat markets, Economics, Central Banks, Regulators and Government news

3. Social media, & Greed and Fear index

4. Derivative Positions & Leverage & Risk Metrics

5. Binance to Launch New Cryptocurrency Exchange in Thailand After Thai SEC Filed Criminal Complaint – Bitcoin News. Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand.

6. Nexo partners with Bakkt . Nexo will use Bakkt’s Warehouse to safeguard its customers’ crypto assets.

On January 19, Bakkt Holdings Inc announced a partnership with Nexo, a cryptocurrency-backed loan platform, to custody crypto assets in the Bakkt warehouse. The partnership will see Nexo using Bakkt’s Warehouse to safeguard its customers’ Bitcoin and Ether holdings. Bakkt warehouse is a regulated custodian, which allows for secure and safe storage of Bitcoin and Ethereum.

7.Cryptocurrency exchange Coinbase has partnered with Mastercard to allow a “broader group of consumers to purchase NFTs” by allowing users to pay with Mastercard cards on the platform’s upcoming NFT marketplace. https://blog.coinbase.com/coinbase-and-mastercard-partner-to-revolutionize-nft-purchase-experience-8e486a392c55

8.Popular cryptocurrency exchange Crypto.com halted withdrawals for a short period earlier in the week over an alleged security breach that saw a hacker steal $15 million worth of Ethereum (ETH) from its hot wallets. https://www.coindesk.com/markets/2022/01/18/binance-destroys-16m-bnb-tokens-in-first-ever-auto-burn/

9.The Centre Consortium’s USDC stablecoin has surpassed Tether’s USDT in total supply on the Ethereum network. USDC’s current supply is over 40.06 billion tokens, above USDT’s 39.82 billion. The Centre Consortium’s USDC stablecoin has surpassed Tether’s USDT in total supply on the Ethereum network. USDC’s current supply on it is over 40.06 billion tokens, above USDT’s 39.82 billion. https://cointelegraph.com/news/usdc-flips-tether-on-the-ethereum-network

10. Intel – the world’s second-largest semiconductor chip manufacturer – appears to be planning a Bitcoin mining chip reveal. At this year’s ISSCC conference, the organization has a presentation scheduled under the “Highlighted Chip Releases” category to showcase a “Bonanza Mine” processor.https://cryptopotato.com/intel-plans-bitcoin-mining-chip-reveal-at-upcoming-conference/
11· The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon.https://cointelegraph.com/news/iran-to-reportedly-pilot-central-bank-digital-currency-soon

12· The total supply for Circle’s stablecoin USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time. USDC’s current supply on Ethereum as of writing is 40.06 billion tokens, just ahead of USDT’s supply of 39.82 billion.https://coinnounce.com/usdc-surpasses-usdt-in-total-supply-on-the-ethereum-network/

13· One of the world’s most prominent cryptocurrency exchanges, OKEx, has invested in the short-video platform Chingari which announced raising $15 million in a funding round.. As part of OKEx’s strategic investment in Chingari, the startup’s native token GARI will be listed on the exchange on January 18. Five more crypto exchanges are set to list the token on the same day.https://cryptopotato.com/india-based-tiktok-competitor-chingari-closes-15-million-funding-round/

14· South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Banhttps://cryptonews.com/news/south-korean-presidential-candidates-pledge-lower-taxes-for-crypto-traders-end-ico-ban.htm

15· Byte Trading, a crypto market maker specialized in derivatives, has raised $7 million in a seed funding round.https://www.theblockcrypto.com/post/130653/crypto-market-maker-byte-trading-raises-7-million-in-seed-funding?utm_source=cryptocompare&utm_medium=rss

16· Metaplex Foundation announced a $46 million funding round on Tuesday, co-led by Multicoin Capital and Jump Crypto. The fresh raise will go towards “expanding support for gaming and metaverse applications,” the company said in a statement to Blockworks. Metaplex, the Solana-based protocol developed by the firm, is commonly used in minting non-fungible tokens (NFTs), as well as an infrastructure for creators to launch self-hosted NFT storPlotX, a gaming Dapp built on Polygon, received a $5 million pre-Series A investment and grant from Polygon & Hashed. As one of Polygon’s fastest-growing GameFi ecosystems, PlotX will be able to use this extra capital to increase its already sizable user base further.

17· Hashed, Polygon Studios, Animoca Brands, Alpha Wave Global (formerly Falcon Edge), and power angels such as Sandeep Nailwal (Co-Founder Polygon) and Alan Howard (Co-Founder Brevan Howard Asset Management) participated in the round, which raised a total of $70 million.efronts. The protocol has minted over 5.7 million NFTs since its inception, according to the startup.https://thenewscrypto.com/plotx-acquires-5-million-in-funding-grant-led-by-polygon/

18· PlotX, a GameFi protocol aiming to create sustainable play-to-earn (P2E) ecosystems, has announced the completion of a $5 million pre-Series A funding round and grant-led Polygon Studios and Hashed helping them expand to reach a global audience, details from a press release on January 17 reveals.https://coinquora.com/plotx-secures-a-5-million-funding-round-led-by-polygon-and-hashed-launches-staking-program/

19· Cryptocurrency individual retirement account and 401(k) provider iTrustCapital said it had raised $125 million in a growth equity investment, making its valuation reach $1.3 billion. In a Wednesday announcement, iTrustCapital said it had completed a $125 million Series A growth equity investment led by New York-based VC firm Left Lane Capital. The company said it planned to use the funds for expanding its existing product and service line in addition to exploring strategic acquisitions.https://cointelegraph.com/news/crypto-ira-itrustcapital-raises-125m-pushes-valuation-over-1b

20. https://cryptopotato.com/vc-firm-blossom-capital-raises-432m-to-invest-in-the-cryptocurrency-ecosystem/· The UK firm Blossom Capital intends to invest one-third of the $432 million in both digital assets and companies that develop crypto infrastructure. · The London-based venture capital company Blossom Capital raised $432 million to invest in early-stage tech startups in Europe. The firm has reserved a third of the proceeds for investments in the cryptocurrency industry.

21. www.cryptonewsz.com/the-algorand-foundation-announces-partnership-with-icon/

The Algorand Foundation recently announced a partnership with ICON by offering them the Bridges SupaGrant. The integration will also allow Algorand to enter ICON’s BTP Working Group, known for its Interoperability Ecosystem.With the collaboration, the community will witness the perpetual growth of the diverse, growing, and vibrant Algorand ecosystem. Moreover, the Algorand Foundation will gain a security partner with the BTP integration.

It also opens the door of opportunities for future upgrades and maintenance needed to the bridging integration. You can know more here about Algorand’s potential as an altcoin investment. As ICON’s state-of-the-art interoperability solution, BTP is both trustless and decentralized. In addition, it is completely secured via cryptography, making it a viable solution in the modern blockchain market. After adding Algorand, the BTP network now holds multiple renowned ecosystems.

and more