04.01.[News of the day] • The Boston Fed is looking for a CBDC development project manager • and other articles
4 min readTable of Contents
Welcome to today’s overview:
MARKETS
The primary cryptocurrency has had an unfavorable price development in recent days. On December 31, it shot up unexpectedly before falling sharply by $ 3,000 to under $ 46,000 in a matter of hours.
The new year started more positively and twice approached $ 48,000. However, she did not manage to cross this limit and the subsequent refusal drove her south to $ 47,000, where she stopped for a while, as we reported yesterday.
Since then, however, the Bears have taken control, pushing the BTC down to an intraday low of $ 45,800. At the moment, BTC has rebounded and regained $ 46,000, but it is still in the red on a daily scale.
Most altcoins with larger capitalization have recently failed to achieve any significant price growth. An example is ETH, which traded above $ 4,000 about a week ago. However, its value began to decline gradually and is now below $ 3,800 after a further 1% decline since yesterday.
BTC analysis – will the price maintain support of $ 45,600?
Chainlink analysis – the price is in the accumulation zone. Is a growing trend waiting for us?
Cryptocurrencies
9.7 million SHIBs have been burned in the last 24 hours
According to a recent tweet on the Twitter account @shibburn, it was burned in the last day, ie. permanently withdrawn from circulation, almost 10 million SHIB.
In the last 24 hours, a total of 9,758,993 SHIBs have been sent to their designated wallets, according to Twitter user @shibburn. According to his tweet, six transfers to a dead wallet were needed to “burn” such a large amount of dog cryptocurrency.
Meanwhile, data provided by etherscan show that in the last five days, various teams within the SHIB community have burned approximately 30 million Shiba Inu tokens.
In the past 24 hours, there have been a total of 9,758,993 $SHIB tokens burned and 6 transactions. So far, a total of 410,300,575,781,510 #SHIB tokens (41.03006%) have been burned from the initial supply of 1 quadrillion. #shibarmy
— Shibburn (@shibburn) January 4, 2022
Tweet @shibburn recalls that the community has so far burned just over forty-one percent of SHIB’s (1 quadrillion) total – 410,300 575,781,510 tokens.
Melania Trump celebrates BTC despite Trump’s prediction of final ‘crypto explosion’
On Monday, the crypto-community commemorated the 13th anniversary of Genesis Block’s BTC at an event where Melania Trump admired Satoshi Nakamoto’s life-changing invention.
The first lady, who is now fast becoming a force to be reckoned with in the blockchain industry, shared a screenshot of Block 0 and shared her joy over the first block, which has now become a central part of BTC mythology.
It is widely reported that Bitcoin's market cap exceeds USD$1 Trillion. Today marks the 13th anniversary of the Bitcoin Genesis Block. Happy Anniversary, #SatoshiNakamoto #MelaniaNFT pic.twitter.com/aZqNJFcZmd
— MELANIA TRUMP (@MELANIATRUMP) January 3, 2022
Banks, crypto exchanges, companies
The best Italian private bank Banca Generali will allow users to buy BTC
According to a recent Wealth report, Banca Generali’s clients will be able to buy and sell BTC through the bank’s application. The bank will integrate the Conio Inc. platform into its Home Banking system. Thus enabling its users to engage in cryptocurrency trading without having to leave the bank’s online infrastructure.
The bank bought a $ 14 million stake in Conio in December 2020 and has been providing BTC storage to its users since then.
CEO Coinbase says there will be major improvements to Ethereum’s scaling soon
Product Director Coinbase Surojit Chatterjee is the last to publish his forecasts for the crypto industry in 2022 and predicts major advances in Ethereum scaling.
Industry leaders, analysts and investors share their predictions for the 2022 crypto ecosystem, and Coinbase’s Surojit Chatterjee believes ETH will be at the forefront of Web3 and cryptoeconomics as it scales.
The CPO shared its predictions on January 4 in a post on the company’s blog, stating that Ethereum’s scalability would improve, but that alternative Layer 1 networks would be promoted.
CBDC, Regulation
The Boston Fed is looking for a CBDC development project manager
The Federal Reserve in Boston is looking for a new director to lead the development of the central bank’s digital currency.
According to a January 1 post from LinkedIn, the director of project management will “advance the Federal Reserve’s efforts to create, manage, and test software to further understand the digital currency.”
The Fed’s CBDC research collaborates with the MIT Digital Currency Institute, a partnership that has put the Boston branch of the US Federal Reserve at the forefront of development. According to Assistant Vice President Robert Bench, the project will also maintain its research as open source.
Estonian government is not banning cryptocurrencies, but is preparing a bill to tighten regulation
The Estonian Ministry of Finance has issued an official explanation of a recently submitted bill that stirred up rumors of a possible cryptocurrency ban.
According to the rebuttal, the bill, which has yet to pass three parliamentary readings, was drafted and submitted in an effort to tighten up the existing licensing of cryptocurrency service providers and will not affect individuals who own and trade cryptocurrencies.
‘The Regulation does not apply to customers, but to virtual asset service providers (VASPs) who carry out an activity for or on behalf of a natural or legal person as a permanent business. This means that the legislation does not contain any measures that would prohibit customers from owning and trading in virtual assets, and in no way does it require customers to share their private wallet keys, ”the official rebuttal said.
