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Description:
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Cryptocurrency & Financial
Markets News, Stats
& Data for 18th Jan 2022
we wait ( so frustrating - we wait for a break out)
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. With more than 73,000 Twitter followers, Mónica Taher is an influential thought leader focused on personal finance, fashion and entrepreneurship, who is passionate about empowering women in El Salvador and internationally through Bitcoin.https://bitcoinmagazine.com/business/m%C3%B3nica-taher-empowering-women-with-bitcoin
6. In 2021, Ethereum based OlympusDAO and its native token OHM exploded as the protocol onboarded new users seeking to leverage its high annual percentage yield (APY). At its peak, the price of OHM went from $330 to an all time high of $1,639, but the asset seems to be on a downward trend since October last year. According to Wu Blockchain, a OlympusDAO Whale triggered a cascade of liquidations on the protocol during today’s trading session. This led to a 44% crash in OHM’s price within an hour. At this time, the APY offered to OHM holders stood at around 190,000%.https://www.newsbtc.com/news/ohm-holders-wake-up-to-blood-how-this-olympusdao-whale-sank-its-price-by-44/
7· The global crypto ATM market size is expected to reach USD 1.88 billion by 2028, expanding at a CAGR of 59.2% from 2022 to 2028, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the consistent increase in the number of new cryptocurrency users and the subsequent need for crypto ATMs to convert cryptocurrency into fiat money. According to the statistics provided by TripleA, a cryptocurrency payment company, there were about 300 million crypto owners worldwide as of 2021.https://dailycoin.com/crypto-atm-market-size-worth-1-88-billion-by-2028-cagr-59-2-grand-view-research-inc/
8. The Central Bank of Malaysia has written to Bloomberg that it is “actively assessing” the pros and cons of a central bank digital currency.https://cryptobriefing.com/malaysian-central-bank-actively-assessing-cbdc/?utm_source=main_feed&utm_medium=rss
9· FTX Trading Limited (FTX) will be the naming rights sponsor for Australian Blockchain Week 2022, which will run from March 21 to 25. Blockchain Australia is the peak industry network in Australia, bringing together industry, academia and government to discuss the opportunities of blockchain technology.https://cointelegraph.com/news/ftx-announced-as-naming-rights-sponsor-of-australian-blockchain-week-2022
10· A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”https://news.bitcoin.com/25-of-us-adults-plan-to-start-investing-in-crypto/
11· A former Fidelity Digital Funds executive is launching a crypto fund of funds that would back both venture and hedge funds focused on digital assets, according to three people familiar with the matter. Michael Zinaman plans to hold a first close on capital for the flagship vehicle of his new Dual Worlds firm in February, sources said. A second close would occur sometime later in the year, with the goal being to raise $50 to $100 million overall.https://blockworks.co/sources-fidelity-vet-launching-crypto-fund-of-funds/
12· Crypto investment firm Mechanism Capital is launching a $100 million fund focused on the play-to-earn (P2E) gaming industry, the company shared on Monday. The new fund will be called Mechanism Play and will focus entirely on gaming investments and direct partnerships with studios to develop new games, it said. In addition to announcing the new fund, the firm shared that Steve Cho, a former Apple App Store games business manager, is joining the team in a partnership to lead the fund.https://blockworks.co/mechanism-capital-launches-100m-fund-focused-on-p2e-gaming/
13· Singapore-headquartered exchange Crypto.com has increased the amount of its venture arm fund to the tune of $500 million, TechCrunch reported Monday.https://blockworks.co/crypto-com-bolsters-venture-arm-to-500m/
14· Animoca Brands, an Australia-based metaverse startup focused on NFTs and gaming, has raised $358.88 million in new funding round and is now valued at over $5 billion. Liberty City Ventures led the round, with several other investors participating, including Soros Fund Management, Sequoia China, 10T Holdings, Mirae Asset, Pacific Century Group, ParaFi Capital, and Winklevoss Capital. https://www.theblockcrypto.com/linked/130589/metaverse-startup-animoca-brands-hits-valuation-of-over-5-billion-with-new-funding?utm_source=cryptocompare&utm_medium=rss
15· Crypto firm BitMEX Group announced Tuesday its plan to acquire Bankhaus von der Heydt, a 268-year-old private bank based in Germany. The group's BXM Operations AG — a company founded by BitMEX CEO Alexander Höptner and its CFO Stephan Lutz — has signed a purchase agreement with Dietrich von Boetticher, the bank's current owner. The deal is subject to the approval of German financial regulator BaFin.https://www.theblockcrypto.com/post/130567/crypto-bitmex-plans-to-acquire-german-bank-bankhaus-von-der-heydt?utm_source=cryptocompare&utm_medium=rss
16· The Polygon network has implemented Ethereum Improvement Proposal (EIP) 1559, which brings a burning mechanism to the blockchain for its native MATIC token, as well as better fee visibilityMATIC is expected to become a deflationary token with EIP-1559, losing 0.27% of its circulating supply every year according to calculations. MATIC has a fixed supply of 10 billion, with 6.8 billion currently in circulation..https://www.cryptocompare.com/email-updates/daily/2022/jan/18/
17· Since its launch, NFT Magic Box has enabled the sale of over 100,000 NFTs, with more than $4 million in profit for traders. At present, NFT Magic Box sees an average of more than $800,000 in monthly volume, with users able to perform trades using either its ‘buy now’ instant sales or through auctions. NFT Magic Box has collaborated with more than 100 unique NFT projects, with the most popular collections on the platform being OpenPunks, Losercoin, KAWs and DreamVerse – each with over $500,000 in profit on the platform. NFT Magic Box has also collaborated with famous athletes such as Allen Iverson, with plans for more partnerships in 2022.https://dailyhodl.com/2022/01/17/gate-ios-nft-magic-box-successfully-reached-these-major-milestones-in-2021/
18· $ADA Surges After Launch of ‘Pavia’ ($PAVIA), the First Cardano-Powered Metaversehttps://www.cryptoglobe.com/latest/2022/01/ada-surges-after-launch-of-pavia-pavia-the-first-cardano-powered-metaverse/
19· Users of the Crypto.com exchange began experiencing issues with their accounts. Subsequently, these users realized that their accounts had been hacked and they were missing cryptocurrencies from their balances. In some cases, the hacker had made off with all of the funds in the accounts. Crypto.com took to Twitter to address these issues. In response to reports of the hack, the crypto exchange had promptly announced that it was restricting withdrawals for all users on the platform while assuring the community that all of their funds were safe.https://www.newsbtc.com/crypto/crypto-com-cro-restricts-withdrawals-for-all-users-after-succumbing-to-hack/
20· According to security and data analytics firm PeckShield, Crypto.com has been the latest target of a cyberattack, with about $15 million worth of cryptocurrency stolen. At least 4,600 Ether has been taken from some of the exchange’s accounts. Crypto.com issued a tweet informing users that a number of users have reported suspicious behavior on their accounts. Withdrawals will be temporarily halted as their staff investigates the situation. All of the monies are safe, according to the message.https://www.newsbtc.com/news/crypto-com-restores-withdrawals-after-reportedly-losing-15m-to-hackers/
21· Crypto exchange Binance announced Monday that it has burned over 1.68 million BNB tokens in its 18th burn. The burned tokens are worth nearly $800 million at current prices, but the actual dollar amount of the burn isn't known as Binance recently implemented a new system for its BNB burns.https://www.theblockcrypto.com/linked/130543/binance-bnb-token-18th-burn?utm_source=cryptocompare&utm_medium=rss
22· Huobi Global, one of the world’s leading digital asset exchanges, announced on January 15 that it burned 1.31 million Huobi Tokens (HTs) in December 2021, valued at approximately $12.68 million. From Jan. 1, 2021 to Jan. 15, 2022, Huobi Global burned approximately 290.174 million HT.https://dailycoin.com/huobi-global-reveals-12-68-million-worth-of-its-tokens-burned-in-december/
23· Cryptocurrency exchange Nexo has introduced its leverage product called Nexo Booster. Beginning January 17, customers can start accessing the new service on Nexo’s mobile trading app. According to the information obtained by CoinQuora, Nexo Booster will offer some features similar to margin trading, although it is expected to be simpler and more sophisticated. The new offering has a limit of up to $250,000 per single boost transaction. Nexo Booster offers a variety of advantages for its users. It has a profit projection feature that allows traders to monitor the effect of the market’s future moves in real time. Traders can also enjoy a 0.5% cashback on the full amount of the transaction. What is more, users who avail of the new service can borrow up to three times more than their initial balance.https://coinquora.com/crypto-exchange-nexo-launches-leverage-product-for-retail-traders/
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