2022-01-21

Daily Digest – January 21st

• Macroeconomic Factors Lead to Another Major Crypto Market Plunge

• Twitter Integrates NFT Into Profile Pictures, Meta Exploring NFTs for Facebook and Instagram

• A16Z Plans to Raise $4.5B for New Crypto Funds, “Crypto Is Hard to Ignore,” says CEO of Charles Schwab

• New York City Mayor Receives His First Paycheck in Crypto

Global Market Crash See Ethereum and Bitcoin Hit Five-Month Low

As inflation continues to surge due as the Fed prepares to raise interest rates several times this year, crypto markets have felt the brunt of the macro-economic factors.

Bitcoin and Ethereum, the two crypto market leaders, have dropped hard, even as over $170 billion has been wiped off the global crypto market cap...

Russia's Central Bank Proposes Ban on the Use Trading, and Mining of Cryptocurrencies

Different countries have adopted diverse frameworks to regulate the fast-growing industry as cryptocurrencies proliferate and dominate the financial sector. While countries like El Salvador, Switzerland, Malta, and Singapore have embraced cryptocurrencies, Russia looks to join the likes of China, Mexico, and Spain, where digital assets are completely outlawed...

Twitter Now Allows Users to Set NFTs as Profile PicturesNFTs are displayed in a hexagonal shape to prove ownership and authenticity. 

The Fed has Issued Its Discussion Paper on CBDCs – It Wants to Hear From You

Late Thursday the U.S. Federal Reserve issued its long-awaited discussion paper that lays out the debate whether the U.S. should consider deploying its own central bank digital currency (CBDC)...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas