Market
Adoption
Moneygram invests in crypto atm operator, buys 4% stake
Moneygram has revealed that it has bought 4% stake in crypto ATM operator, Coinme.
Trading
Ethereum outperformed Bitcoin throughout 2021
While Bitcoin recorded a 58% growth in 2021, that of Ethereum was over 100%.
Investments
Almost $10 billion was poured into crypto funds by institutional investors in 2021
Institutional investors invested over $9 billion into the crypto industry in 2022 with the bulk of the investment being made into Bitcoin.
DeFi
DeFi starts year strongly, TVL rises by 4%
In the first 5 days of the year, DeFi’s TVL has risen by roughly 4% which is roughly $10 billion.
Adoption
Turkey’s rising inflation pushes citizens to crypto
Inflation in Turkey has risen to as high as 36% as Lira lost 44% of its value to the US Dollar.
Regulation
Polymarket to shut noncompliant markets, pay $1.4 million fine
Polymarket made its name as a decentralized information markets platform that allows users to bet on the outcome of real-world events, such as national inflation rates, political elections, reported cases of COVID-19 and political nominations.
People
Melania Trump acknowledges Bitcoin anniversary despite Donald’s disdain
Former US First Lady, Melania Trump, is adopting a more friendly approach towards crypto despite her husband’s criticisms of the space.
Analysis
Report: Bitcoin consumes less energy compared to banking and gold industry
A Galaxy Digital report has established that 20 times the amount of energy used in mining Bitcoin is wasted annually.
People
Vitalik Buterin foresaw stablecoin and defi growth, omits NFT
Vitalik Buterin while revisiting his previous predictions revealed that he foresaw the growth of the stablecoins and DeFi around the world.
Adoption
President Bukele predicts Bitcoin to reach 100k, enjoy more adoption
President Bukele of El Salvador has predicted that Bitcoin price would finally reach $100k and that the asset would enjoy more adoption.
Mining
Bitcoin hashrate recovers, reaches new ATH
Relocation of miners from China alongside the fact that new mining equipments are coming online has helped Bitcoin hashrate recover from China’s crackdown.
NFTs
Christie’s net $150 million in NFT sales dominated by Beeple
Like Sotheby, another traditional auction house, Christie’s has recorded six figures in NFT sales.