Bitcoin News
- Bitcoin (BTC) Mining Difficulty, a metric showing how difficult it is to compete for rewards for Mining, hit a new all-time high of 23t on January 20,82, up 1,05%. This follows a 10,79% increase to 20,61 T two weeks earlier.
- VanEck, a major US investment management company, has made another attempt to launch an exchange-traded fund (ETF) tied to digital assets. According to the applicationThis new digital asset ETF will track the price and performance of the Global Digital Assets Equity Index, which is maintained by its subsidiary MV Index Solutions.
- Valkyrie Digital Assets, a crypto subsidiary of the investment firm Valkyrie Investments, has applied for a Bitcoin ETF. According to the documentfiled with the US Securities and Exchange Commission (SEC), Coinbase Custody Trust Company, LLC will act as custodian of the Valkyrie bitcoin fund.
CBDC News
Local government officials in China's three largest and wealthiest cities have said the cities will participate in further pilot projects to introduce the digital yuan. According to Global Times, the state-owned English-language media outlet, Beijing's mayor told reporters over the weekend that the capital will "accelerate the construction of innovative demonstration areas for financial technology and professional services in 2021 and promote a pilot application." digital yuan. The authorities of Shanghai's second city and the economic center of Shenzhen made similar statements. The media quoted an "industry veteran" as saying that the latest pilot projects were "only the first step in a long march."
Blockchain News
Ethereum (ETH) -oriented blockchain company ConsenSys has partnered with China Blockchain Service Network (BSN) to make blockchain more accessible to businesses and government entities, according to an emailed press release. As part of this partnership, ConsenSys Quorum, which is an open source protocol layer that serves as the foundation for companies building enterprise solutions based on Ethereum, will be available in approximately 80 cities through public BSN city nodes across mainland China.
Exchange news
According to updated datapublished on its website, Coinbase currently has over $ 90 billion in assets on the platform and over 43 million registered users. The total trading volume on the RTS Board equaled $ 455 billion.
Cryptocurrency adaptation news
- While private digital currencies are unlikely to replace government-issued fiat currencies as a medium of exchange, they could partially crowd out safe-haven assets like gold, according to a research note. Bank of Singapore, reported The National Business. After addressing key gaps such as trust, volatility, regulatory acceptance and reputational risks, cryptocurrencies could replace gold as an electronic store of value, and digital currencies could also be used in investor portfolios as a potential safe asset and for asset diversification, the report said. ...
- Major digital asset manager Grayscale Investments has pledged $ 1 million to Coin Center, an American nonprofit think tank and cryptocurrency advocacy group. According to press releaseGrayscale has pledged to donate up to $ 2021 million to Coin Center by February 1. This donation and matching commitment was initiated by the Kraken crypto exchange in 2018 and the crypto community has made this commitment. to raise another million in donations, allowing Coin Center to raise over $ 3 million this year, the post said.
Regulatory news
- The Ministry of Labor of Russia said that officials of federal and local authorities, including members of the Board of the Bank of Russia and chairmen of state corporations, as well as their close relatives, are prohibited from owning cryptocurrencies. According to a letter issued by the Ministry, citing the digital assets law that came into force this month, all such entities should get rid of any cryptocurrency holdings they hold.
- The US Senate Treasury Committee voted unanimously to confirm Janet Yellen, former chairman of the Federal Reserve, as the new Treasury Secretary, Reuters reports. The next step is a vote in the Senate. Yellen made a splash in the Cryptoverse with her recent quotes about cryptocurrencies, as well as other comments made last week before the Senate Finance Committee.
Mining news
According to an official statement from the Ministry of Internal Affairs, 36 large "farms" for mining cryptocurrencies were closed in Abkhazia. In addition to the shutdowns of farms in three regions of the de facto state, another 970 mining installations in the Ochamchire region were shut down. Miners in the Gagra area, where 17 farms were located, have used a total of 10 megawatts of electricity, police said, and the closure comes as the country continues to fight illegal cryptocurrency mining amid a crisis that has caused power outages for months. and power outages. Ministers also suggested that crypto miners in Abkhazia could be fined in an attempt to ease pressure on the electricity grid.
Crime News
The 48-year-old California resident claims to be the victim of scammers who tricked him into handing over $ 27000 worth of BTC keys. Per Fox KTVU, a T-Mobile customer, responded to a text message that attempts were made to change his password and asked him to call the T-Mobile customer service number. The alleged scammers then called him and said they worked for Ledger and would help him get the bitcoins back from his blocked account. The person then gave that subscriber his wallet seed and "anonymous account IDs." When he later checked his BTC wallet, he discovered that his funds had been stolen. The police are investigating.