Crypto market

 

BTC - $20830 -2%. Recent events after the publication of the economic index showed that the bulls still lack the strength to stay above $21,300. After a sharp rise to $21,528, a rollback to the current price followed. Apparently, some traders preferred to take profits by selling bitcoins at the peak. Altcoins reacted with massive price drops.

Growth leaders among altcoins are KAVA, APT, FXS.

Fall leaders are RPL, HEX, SHIB.

BTC dominance is 43.39%.

Altseason index - 18.

 

McDonald's invites you to the Metaverse to celebrate the Lunar New Year.

 

A 3D augmented reality filter from designer Karen Cheng will be available on Instagram (pictured).

The Spatial 3D social network will have a location with culinary competitions and games.

The celebration of New Year's Eve is scheduled for January 25th. The dance party will take place on February 2.

 

A contestant from El Salvador came out with bitcoin in her hands to the Miss Universe.

 

As conceived by the designer, the costume reflects the evolution of money in the country from cocoa to bitcoin.

Nayib Bukele (president of the country) said that the next competition will be held in El Salvador. A good opportunity to promote bitcoin.

 

Texas is preparing to legalize cryptocurrencies.

 

Here are the top 4 recommendations from the Texas Blockchain Task Force report:

▪️Introduce a 2-year tax holiday for businesses accepting crypto.

▪️Allow crypto investments in bitcoins and large cap alts.

▪️Issue a stablecoin and give it the status of "money" for any purpose.

▪️Resist attempts to create a digital US dollar.

 

Residents of Seoul can now get a passport in the Metaverse.

 

In 2023, a virtual copy of the city was launched with all the streets and government buildings, which provide:

▪️Tax advice.

▪️Citizenship documents.

▪️Assistance with investments.

▪️Educational courses.

In 2026, augmented reality technologies will be added to the metaverse.

 

Tether surpassed Visa and Mastercard in terms of transaction volume in 2022.

 

The USDT stablecoin payment network processed $18.2 trillion worth of payments last year.

This is more than Mastercard ($14.1 trillion) and Visa ($7.7 trillion), which indicates a massive increase in interest in stablecoins.

 

Digital Currency Group to Sell Crypto Magazine to CoinDesk

 

A subsidiary of DCG (Genesis Digital) owes more than $3 billion to investors and partners.

Last night, the CEO of Coindesk said that potential buyers are already interested in the magazine.

They will buy the largest cryptocurrency news site with 10 million visitors per month, 1.3 million Twitter followers.

 

It became known what is happening in Japan after the collapse of FTX

 

The Coinbase exchange closed its branch. You can withdraw funds until February 16th.

The FSA regulator will equate crypto platforms with traditional banks. This is more control and tough working conditions.

The Japanese branch of FTX will be sold by auction. 41 organizations have already become interested in the purchase.

 

Unified regulation of cryptocurrencies in the EU countries will appear no earlier than 2026

 

The 400-page document was not translated into the 24 official languages of the EU. Therefore, the vote was postponed until April.

If adopted in the spring, it will take another 1-1.5 years to develop a set of rules for financial regulators.

Until then, each country of the European Union can wag the nerves of crypto investors in its own way.

 

Shiba Inu will show his Metaverse in March.

 

The demonstration will take place as part of the SXSW 2023 film festival, which will be held in Texas from March 10 to 19.

Everyone will be able to walk around the WAGMI Temple location, including the one dedicated to the history of Dogecoin competitor.

 

In China, for the first time in the world, securities were bought for CBDC

 

A client of Soochow Securities paid for shares using a Chinese central bank digital wallet.

Local media write that the authorities are making every effort to promote the digital yuan. However, the results so far are disappointing.

The turnover of e-CNY in the structure of monetary transactions in 2022 amounted to only 0.13%.