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Home > THE BOTTOM IS IN PLACE - EXPECT A BIG RALLY IN RISK MARKETS > Cryptocurrency & Financial Market News, Stats & Data for 8th Jan 2022
Podcast: THE BOTTOM IS IN PLACE - EXPECT A BIG RALLY IN RISK MARKETS
Episode:

Cryptocurrency & Financial Market News, Stats & Data for 8th Jan 2022
Category: Technology
Duration: 00:21:24
Publish Date: 2022-01-09 17:06:56
Description: Cryptocurrency & Financial

Markets News, Stats

& Data

for 8th Jan 2022



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. · The House Subcommittee on Oversight and Investigations may be planning a hearing on Bitcoin’s carbon footprint. The subcommittee is reportedly working on a list of witnesses who may testify in an oversight hearing by the end of the month.. In the last year, large mining companies have expanded operations U.S. states like New York, Texas, Alabama, and Wyoming.https://cryptobriefing.com/u-s-congress-reportedly-set-for-hearing-on-bitcoins-carbon-footprint/?utm_source=main_feed&utm_medium=rss

6· Through a public disclosure on Jan 3, Dapper Labs became the first NFT company to federally register to lobby with the U.S. government. The company joins a growing list of influencers within the crypto industry that have taken to the floors of Congress in an effort to influence new policies.https://cointelegraph.com/news/dapper-labs-becomes-the-first-nft-company-to-register-to-lobby-with-the-us-government

7· Coinbase insiders sold over $40 million in COIN during December selloff, SEC data showshttps://www.theblockcrypto.com/post/129572/coinbase-insiders-sold-over-40-million-in-coin-during-december-selloff-sec-data-shows?utm_source=cryptocompare&utm_medium=rss

8· The U.S. Securities and Exchange Commission (SEC) made a surprise attack on the Ripple case by filing a letter of supplemental authority to strike Ripple’s “fair notice” defense. Simultaneously, the token XRP is down 2.33% in the last 24 hours to $0.7 following the market’s downtrend.https://www.newsbtc.com/all/the-sec-files-a-strike-against-ripples-defense-could-it-drown-xrp/

9· American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.https://cointelegraph.com/news/paypal-reportedly-confirms-plans-to-explore-the-launch-of-a-stablecoin

10· A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains are the ones taking this market share, instead of Ethereum sidechains or other Ethereum-based solutionshttps://news.bitcoin.com/jpmorgan-report-states-ethereum-might-lose-defi-dominance-due-to-scaling-issues/

11· Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Yearshttps://news.bitcoin.com/cryptocurrency-worth-435-million-seized-by-12-uk-police-forces-in-five-years/

12· Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s dollar-pegged stablecoin, and MIM, another collateralized stablecoin, were “solid ponzis” and that the bear market would eventually lead their prices to zero.https://news.bitcoin.com/maker-co-founder-calls-ust-and-mim-solid-ponzis-that-will-go-to-zero/

13· The U.S. economy added far fewer jobs than expected in December just as the nation was grappling with a massive surge in Covid cases, the Labor Department said Friday. Nonfarm payrolls grew by 199,000, while the unemployment rate fell to 3.9%, according to Bureau of Labor Statistics data. That compared with the Dow Jones estimate of 422,000 for the payrolls number and 4.1% for the unemployment rate.https://www.cnbc.com/2022/01/07/hiring-falters-in-december-as-payrolls-rise-only-199000.html



and much more
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