Welcome to today’s overview:
After the last price drop on Monday, when the primary cryptocurrency fell below $ 40,000 for the first time in almost four months, the asset began to regain its value quite quickly. It jumped to $ 42,000 before another way up drove it to $ 44,000 on Wednesday when the US announced the highest inflation rates in 40 years.
After a brief retreat, BTC returned to the offensive and climbed to a weekly high of $ 44,500 yesterday. Here, however, the situation changed because the bears entered the game hard. Instead of heading further north, BTC fell by more than $ 2,000 in a matter of hours. To date, BTC has recovered several hundred dollars.
Altcoins have been mimicking BTC’s performance recently and have made significant gains over the last two days. Today, however, the country is completely different. ETH approached $ 3,400 yesterday, but a 3% drop pushed the second largest cryptocurrency to less than $ 3,300.
Tether freezes $ 150 million in USDT
Tether has added three more ETH addresses to its blacklist, which include stableTo USDT worth more than $ 150 million.
As a centralized company, Tether may blacklist addresses it believes are involved in crime, money laundering, or any other reason it chooses. This is the first time that Tether has blacklisted an address in 2022, but last year he added 312 addresses to it, and since November 28, 2017, when Tether did so for the first time, he has added a total of 563.
Tether did not disclose why the three new addresses were blacklisted, but nevertheless exercised his powers to blacklist addresses involved in cyber-attacks and law enforcement investigations.
BTC hashrate at ATH when Jack Dorsey confirmed the Block mining system
BTC’s hashrate has returned to an all-time high, although it has lost a key contributor to the hashrate. Meanwhile, amid insignificant price action, Block CEO Jack Dorsey has confirmed the creation of an open BTC mining system.
The BTC space continues to surprise and confuse critics and fanatics alike. Kazakhstan, the second most important country for BTC mining in the network, experienced an internet outage last week due to civil unrest. However, Hashrate did not weaken by more than 13.4% until it reassembled and reached historic highs.
The average hash rate reached 215 million terahashes per second.
Banks, crypto exchanges, companies
Tesla launches dogecoin payments, price jumps by 17%
Tesla first made BTC payments for Tesla cars in March 2021. Less than two months later, it withdrew the option, allegedly because Musk wants the Bitcoin to be greener. However, in October, the company pretended to resume crypto payments to the Securities and Exchange Commission (SEC).
Last month, Musk said Tesla would soon be accepting dogecoin payments. He is now fulfilling this promise – payments in DOGE in the Tesla online store have been launched for selected items.
According to CoinGecko, the Doge’s price rose more than 17% in 24 hours and sells for about $ 0.199, the highest point since December 14. Trading volume over the same period also swelled to approximately $ 3.8 billion.
OpenSea exceeds the limit of one million active user wallets
The OpenSea market platform for NFT trading continues its impressive development in the new year and its adoption and trading metrics are growing. The giant has reached a new milestone in the number of active users of the platform.
Data from Dune Analytics on Thursday, January 13, 2022 showed that OpenSea has now surpassed the one million active user wallets on the platform. This milestone is the latest evidence of OpenSea’s continued growth in the early days of 2022, after enjoying massive expansion last year.
Thursday’s report comes shortly after reports that the platform had traded more than $ 2 billion since the beginning of 2022 and could be on track to reach a new all-time high in terms of monthly trading activity.
Last year, $ 1.5 billion in digital yuan transactions took place in Beijing
According to official media, which refers to official figures, Beijing residents recorded transactions in digital yuan worth 9.6 billion yuan ($ 1.5 billion) in 2021, after several rounds of coupons.
China is aggressively promoting the use of digital yuan among the general public as part of a pilot effort to test their use in various payment scenarios.
Last year, users were mailed at least $ 53 million in digital yuan, officially known as e-CNY, in about two dozen batches in a dozen cities, including those hosting the upcoming Winter Olympics.