Analysts expect the Bitcoin price correction to continue in the near term as Lindsay Lohan touts its potential on Twitter and other assets rally to new all-time highs. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍Bitcoin (BTC) is currently trading at $34.600 USD, after reaching a new all-time high above 42K, a value that perhaps overshadowed the growth of several other digital assets in the market that are also marking new highs. For example AAVE, the lending protocol token in DeFi Aave, marked a new historical maximum this January 13, with a new value of $144,9 USD. AAVE has a return of over 77% in the last week, and one of 440% since the beginning of November 2020.
Likewise, the token of Maker, the most dominant lending protocol in DeFi today, hit a new all-time high on January 10, with a value that reached nearly $2.000 USD per unit. MKR reached $1.973 USD, with a performance of more than 140% in the last two weeks, while the protocol, Maker, surpassed the 3,7 billion dollars in value locked in DeFi.
📍The famous and controversial Hollywood celebrity, Lindsay Lohan, is promoting the potential of Bitcoin (BTC), Ethereum (ETH), and cryptocurrencies in general, on Twitter. The renowned actress recorded a 12-second video, at the request of cryptobuzznews, saying that the potential of cryptocurrencies will lead ETH to reach $10.000 USD and BTC to exceed a value of $100.000 USD. Lohan closed her recording by saying that she hopes that “Everyone can drive their Lamborghinis to the moon”.
📍Amid the legal situation he faces Ripple with the U.S. Securities and Exchange Commission (SEC), the company announced the integration of a new senior vice president of engineering. The position is now held by Devraj Varadhan, who recently joined the Ripple team after serving as Vice President of Delivery Experience for Amazon, the well-known American e-commerce and cloud services company.
Ripple CEO, Brad Garlinghouse, which is also facing a lawsuit from the SEC, highlighted Varadhan as another “star” who joins the team to continue growing and strengthening. At the time of this edition, the value of XRP, Ripple's cryptocurrency, is $0,30 USD.
📍Likewise, while several exchanges and cryptocurrency companies decide to suspend trading operations with XRP, others choose to keep the cryptocurrency within their listings while the legal situation of Ripple with the SEC is defined. This is the case of GateHub, another of the companies that is Pronounce in favor of XRP, stating that trading and other services with this cryptocurrency will not be suspended; at least not until the SEC officially declares XRP a security in case of winning the current legal dispute, or until the regulator orders the company to cease operations, the statement said.
📍The President of the European Central Bank, Christine Lagarde, he pointed the price of Bitcoin as “highly speculative,” arguing that this cryptocurrency, and the crypto market in general, need international and global regulation.
It is worth remembering that the creator of Bitcoin, Satoshi Nakamoto, devised this cryptocurrency with a limited supply of 21 million units, to have a potential for long-term revaluation, as it becomes scarcer; the opposite of what happens with the fiat money, whose value is eroded and devalued when entities such as the ECB print large amounts of money “out of thin air”.
📍Executive of Goldman Sachs He claims that the arrival of more institutional players to Bitcoin will “calm” the volatility that the cryptocurrency is experiencing these days. Jeff Currie, global head of commodities research at Goldman Sachs, he pointed that institutional investment will mature the crypto market, which is why it is key to stabilise a nascent and developing market such as cryptocurrencies and digital assets.
📍In the United States, it is expected that Brian brooks, the Acting Comptroller of the Currency in the United States, and one of the most pro-crypto regulators in the country, is expected to resign in the coming days. It seems that among the plans of the new administration arriving in the United States is to nominate its own choice to occupy the position of OCC regulator. If true, Brooks will have served a fairly short term in charge of this office, but one where he has managed to make a great favorable impact for the crypto industry. The OCC did not confirm this news at the time of this publication.
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