Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
Did thou knowest: The number of global crypto owners almost tripled last year, from 106 million in January to 295 million in December.
If one was to extrapolate a similar rate of increase in 2022, we’re on track to reach one billion crypto users by Christmas.
In this edition of Crypto Espresso, Bitcoin gets bit. Twitter is Blue. The NYC Mayor gets a first paycheque in BTC and Ether.
Let us begin…
Gemini Trust looks to acquire more crypto assets
Gemini Trust says it’s aiming to accumulate more cryptocurrency-related assets rel=”sponsored” in the belief institutional investor adoption of crypto and the blockchain will increase.
Twitter adds NFT integration for profile pictures
You can now add a non-fungible token (NFT) as your profile picture on Twitter, thanks to a new integration the company unveiled on Friday called Twitter Blue. Subscribers connect their cryptocurrency wallets from hosts such as Coinbase.
US market close: Crypto plummets
Prominent cryptocurrencies were lower on Friday with Bitcoin down 8%, Ethereum down 11.5%, and Lite Coin was off 10.6%. Bitcoin cash was 8.8% in the red and Dogecoin was 3.7% lower.
Bitcoin plunge follows tighter tracking with Nasdaq 100
BTC traders woke up to a surprise on Friday as the asset dipped below the $40,000 mark, dragging the rest of the market down with it.
By 7AM Sydney time, Bitcoin at $35,208.22, is down 18% since Thursday night.
Like sports? There’s an NFT for that
Sports fans collect replica shirts, scarves and matchday programmes as tokens of identity and for nostalgia purposes. With the advent of sports-related NFTs, they can collect digital assets as well.
UK crypto news: BTC crashes after Russia crypto ban proposal
Bitcoin continued to fall away in the early London session. The cryptocurrency stalwart traded at its lowest since 3 August 2021. The whole market plunged 7% over 24 hours. The sell-off followed Russia’s central bank proposing its ban on cryptocurrency.
Blackstone Group buys logistics real estate fund for $588m
Individual investors have bagged hefty returns from a subscription in a European logistics real estate fund. Singapore-based private market exchange ADDX used blockchain technology and smart contracts to fractionalise and tokenise units of the Elite Logistics Fund I to reduce the minimum investment size to €20,000 from €1m.
Gemini Trust buys Omniex crypto trading platform
US cryptocurrency platform operator Gemini Trust has acquired trading technology platform provider Omniex to serve more institutional investors.
NYC Mayor to receive first paycheque Friday in Bitcoin, Ether
New York City Mayor Eric Adams received his first paycheque in cryptocurrency on Friday 21 January, the mayor announced. It is part of Adams’ stated goal of making New York City a cryptocurrency hub.
Crypto and metaverse trademark applications on the rise
Cryptocurrency and metaverse-related trademark applications are increasing rapidly, according to a leading US intellectual property lawyer, but companies want to do more than develop digital coins, non-fungible tokens, and bitcoin mining operations.
This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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