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$46,369.97 | Dominance: 39.4% | : 176.161 EH/s
Yesterday's post was the first with this new format and it got great reception so I will provide it again. This is a full look at everything happening through out the day in Digital Assets. This post is updated as news breaks so check back to see what else has happened.
Multiple Publications Covered
Yesterday was Bitcoin's Birthday and Former US First Lady Melania Trump has caused quite a stir on Twitter after celebrating the 13th anniversary of the Bitcoin genesis block in a now-viral tweet.
The third-largest Bitcoin whale address added 456 BTC at an average price of $46,363.
A pilot version e-CNY, the mobile wallet for China’s digital yuan, has gone live on iOS and Android app stores in China. In addition, as Macau casinos bid for new licenses, Chinese regulators could use the leverage to introduce experimentation with the digital yuan. Authorities see it as an ideal environment to further test the use of the technology as the introduction of digital payments in casinos as a means of combating corruption.
Below the Fold
Folks, it's important to pay attention to who is talking. When you get (Video) believing that Bitcoin can reach a $5T market cap, your ears should perk up. In addition, the CEO of crypto investment fund Off The Chain Capital Brian Estes predicts that Bitcoin (BTC) will replace many traditional assets and that most Ethereum competitors ultimately be shaken out. What's Next for Bitcoin and Crypto (5 Trends to Watch in 2022):
1. More regulation. Sam Bankman-Fried, FTX CEO, believes that 2022 will bring a more clear regulatory environment for the cryptocurrency industry, not only in the US but as a global trend. In addition, he thinks the crypto industry will enjoy an increased rate of institutional adoption as a result.
2. Bitcoin ATMs multiply
3. Environmental improvements
4. Continued Bitcoin price volatility
5. Crypto ETF approvals
Will the Crypto market cap double? In a new interview on CNBC’s The Exchange, Ava Labs chief John Wu says he believes that crypto as an asset class can grow over 111% in the next 12 months. Meanwhile, Peter Brandt, a widely followed cryptocurrency analyst well-known for accurately calling bitcoin’s 84% decline in 2018, has revealed he doesn’t believe bitcoin bulls have yet capitulated this cycle as he hasn’t seen a bottom occur with a high volume of panic capitulation. But, don’t write off Bitcoin, says Nexo co-founder Antoni Trenhcev. Every time you do, it significantly outperforms. Nexo co-founder targets Bitcoin at $100K by mid-2022.
Would you believe that after Bitcoin's bad start to 2022, Microsoft, Apple and Tesla have also beaten BTC in the past 12 months? That's okay, the race isn't given to the swift nor the strong but to the one that endures to the end; Bitcoin will get the last laugh.
That said, started a fresh decline from the $48,000 resistance against the US Dollar. BTC remains at a risk of a sharp decline below the $46,000 support zone. But, appears to have created a double-bottom pattern and BTC is trading in a short-term range between $46,300 and $51,750; technical indicators are bullish. So, Bitcoin is for buying and HODLing and experts believe DeFi is for trading
Altcoins To Watch
$FTM and $NEAR are the most significant gainers on a daily scale with impressive 20% price pumps. In fact, Protocol’s native token has soared to a new all-time high above $17 amid bullish competition between various layer-1 networks - while a bullish inverse head and shoulders chart pattern suggests that price could see extended upside. Meanwhile, the Solana () blockchain has reportedly suffered another distributed denial-of-service (DDoS) attack in the wee hours of Tuesday morning.According to the data provided by analytics bot, two big ETH whales have scooped up $11.3 million worth of Chainlink (
Analyst's Corner
Brian Kelly is bullish on $MANA, $AXS, and $SAND. Michael Van de Poppe tells his 159,000 YouTube subscribers that layer-1 altcoins such as Solana ($SOL) and Avalanche ($AVAX) had a “massive” 2021, and he expects the crypto sector to continue growing in 2022; also $ATOM $DOT $CRV. Alfred Chuang, the general partner at venture capital firm Race Capital, has said the entity is bullish on Bitcoin and decentralized finance platform Solana ($SOL) stating that the two assets fall in the categories that will continue driving excitement in cryptocurrency trading.Benjamin Cowen doubts Bitcoin will have a parabolic Q1, predicting that the top crypto asset will be “somewhat range-bound for a while. Cardano, Ethereum Have Taken On NFT Space and Are Moving Forward: Bloomberg Expert Eddie van der Walt
Doggie-Coin Watch
Close to 10 million Inu coins was burned in the past 24 hours, making it slightly over 41 percent of the total supply burned already. Meanwhile, 110 billion Inu (SHIB) tokens have been purchased by a prominent Ethereum whale. As part of the Shiba Inu () burn effort, nine companies have decided to collaborate in order to burn a specific percentage of profits or a specified monetary amount into the official SHIB burn wallet.
Follow Dat Money
Blockchain gaming community raises $1.4MM to help typhoon victims in the Philippines. Binance Labs leads $12M round for DeFi platform WOO Network. Crypto infrastructure startup Cion Digital raises $12MM in seed funding. NFT-focused holding company Metaversal raises $50MM Series A.
Regulation
The total number of jurisdictions with an absolute ban or severe restrictions on crypto has more than doubled over the past three years, and there are few signs that this trend is slowing down. Case in point, a bill aimed at providing a legal foundation for the cryptocurrency market has been submitted to the Peruvian Congress, which will now debate the plenary legislation to approve it. But, the Estonian Ministry of Finance has issued a statement and FAQ to calm fears of a crackdown on cryptocurrencies within the country.
Exchange Talk
Coinbase chief product officer Surojit Chatterjee is the latest to publish his predictions for the crypto industry in 2022, and he foresees major advances in the scaling of Ethereum. That's not all, Coinbase CEO reportedly buys LA mansion for $133M. The commercial for the crypto exchange (Crypto.com) has been airing since late October. Some people are just now noticing - are you? Grayscale, which is owned by crypto deca-unicorn DCG, said that it would remove Bancor and UMA from the index and add AMP. Bitcoin exchange balances trend back to historic lows as BTC withdrawals resume in January. Cardano's Asset Debuts On CEX Heavyweights KUCOIN and Gate.io.
Lightning Speed: Taproot And The Lightning Network, A Match Made In Heaven
NFTs continue to roar as data shows that has generated more than $700 million in sales this year, putting the NFT marketplace on track for another record month; in fact Bored Ape Yacht Club (), a collection of coveted non-fungible tokens (NFTs), has now generated more than $1 billion in total sales. Chinese Tech Giant is Launching its Own Version of the Metaverse. Consumer electronics manufacturer is adding NFT support to its Meural smart frame, through an integration with crypto wallet MetaMask.
It's not normal to find people willing to pay someone $10K to adopt an NFT but it just happened and Pomp highlights it on The Best Business Show. Design studio is tackling the metaverse's lack of inclusion with Non-Fungible People, a collection of 8,888 utility-packed avatars. Also, Crypto Memes in 2021: Remembering, Crying and Laughing. Would you believe, you can create your own Cryptocurrency (Token) without a single line of code?
Lastly, Bogdanoff crypto-meme twins pass away at age 72.
Promoted Brand: GEP TRUST. If you are a Crypto Whale and thinking of running to Puerto Rico, you don't have to. If you are looking to sell Crypto and believe you will have a large tax bill, this might be a solution for you.
