Crypto News Weekly Digest 06.01.2023

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2023-01-06

 

Crypto market today

BTC - $16787 -0.20%. On the Bitcoin chart, volatility is within $100. The bulls are trying to repeat yesterday's success and break through to $16,900, but so far the bears are more lucky.

Growth leaders among altcoins are XEC, HNT, OKT.

Fall leaders are TRX, ETHW, HT.

BTC dominance is 41.78%.

Altseason index 24.

 

LG TVs will support the Metaverse.

Through a partnership with Web3 gaming and music platform Oorbit, LG's next generation of TVs will:

- attend virtual concerts;

- play multiplayer games;

- chat with friends and shop;

- create and customize your avatar.

 

New collaboration between Timex and Bored Ape.

BAYC and MAYC token holders can order a unique watch with the image of their NFT.

The option is available for 500 lucky people. True, the watch will cost a round sum - 1.5 ETH.

Their case can be made of rose gold, silver or matte black.

 

SWIFT will implement blockchain transfers.

The international interbank system will add blockchain wallet address recognition to its functionality.

This will allow storing and transferring crypto assets using SWIFT for international payments.

They promise to activate crypto functions no earlier than November 19, 2023, along with other updates.

 

Artificial intelligence predicted the price of XRP on January 31, 2023.

The PricePredictions website says that the Ripple cryptocurrency will be trading at $0.339721 at the end of January.

This is indicated by moving averages and other technical indicators.

 

UK introduces incentives for foreign investors.

New Prime Minister Rishi Sunak plans to turn the UK into a crypto hub.

To attract global crypto investors, the crypto tax will be abolished.

The main requirement is to buy cryptocurrencies through British investment managers or brokers.

 

Crypto winter will last until 2024, - former head of Meta Crypto Markus.

It takes a couple of years for the cryptocurrency market to regain investor confidence after major bankruptcies.

Marcus compared the collapse of crypto firms to the ugliness of the early years of Wall Street greed.

“The years of greed will give way to real applications, and the years of creating tokens out of thin air and making millions are over,” added David.

 

YouTube blogger will delete account because of DOGE.

Matt Wallace, the promoter of the memmonet, wrote in July that he was willing to risk his account because he was sure that DOGE would be worth $1 by the New Year.

With DOGE trading at $0.07, fans are wondering if it will go all the way.

 

Italy introduces 26% crypto tax.

Italian Prime Minister Georgia Meloni has introduced a new bill that legalizes cryptocurrencies and introduces a capital gains tax.

All traders whose annual income exceeds 2,000 euros will have to file a declaration and pay a 26 percent fee.

 

Turkey announced a successful test of the digital lira.

In 2022, the country's central bank made several transactions using CBDC.

The project was recognized as promising. The study will continue in 2023 with the involvement of private companies.

The regulator prioritizes the development of economic and regulatory restrictions for virtual currency.

 

Cathy Wood of ARK Invest is buying Coinbase shares.

The fund, owned by Kathy Wood, spent $5 million to buy 158,000 shares of Coinbase.

Taking advantage of falling prices, ARK Invest also bought 176.9 thousand Grayscale shares at a deep discount.

When a large fund buys stocks of companies related to cryptocurrencies, this is an important support for the cryptosphere.

 

The creator of Ethereum lends a helping hand to Solana.

The price of the SOL token, which collapsed on Thursday, recovered 16.4% after Vitalik Buterin said:

Solana has a strong community of smart developers.

The opportunists with their easy money are gone.

The project has a "bright future".

Solana was the hardest hit by the FTX collapse, as most of her projects raised funds and kept them on the bust.