Crypto News of the Day (23.1.) | Novogratz: Tesla shares like Bitcoin • Grayscale Bitcoin Trust licensed from US SEC • and other news
3 min readTable of Contents
Here you can find an overview of the most important crypto events in the last 24 hours.
Markets
Cryptomarkets are corrected today. Bitcoin has been losing over 2% in the last 24 hours and altcoins are usually worse off. Almost all cryptocurrencies are now in red numbers. However, the mood in the markets is still neutral. So it can only be a normal correction or a consequence of the outgoing trading in China, where the Chinese New Year will be celebrated this weekend.
You can monitor the current cryptocurrency prices – here.
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Cryptocurrencies
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Regulations
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Crypto Exchanges / Banks
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Novogratz: Tesla shares are like Bitcoin
Tesla’s shares attract more and more investors and are growing sharply. Mike Novogratz, CEO of Galaxy Digital, feels he has seen something like this before. In his latest tweet, the Wall Street veteran compares Tesla Elon Musk’s campaign with the bitcoin bull run in 2017, thanks to which everyone talked about cryptocurrencies. Both TSLA and BTC began 2020 with an explosion that defied criticism predictions. Telsa’s market capitalization has just reached $ 104.5 billion, outperforming Volkswagen AG. Bitcoin (BTC) has so far gained around 20 percent this year and still has enough room for further growth.
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Venezuelans sell Petro at LocalBitcoins at half price
The Venezuelans reportedly sell the state cryptocurrency Petro (PTR) below cost. Although the government claims to have set one PTR at $ 60, the market price at LocalBitcoins is only half. According to a thread at Reddit, the Venezuelans are turning to the LocalBitcoins to sell their Petro, which they obtained from the government’s airdrop, because of the disastrous economic situation in the country. It is reported that some government exchanges also support PTR, but the exchange rate has deviated too much from the “official” price. It seems that the only option for Venezuela is selling through LocalBitcoins.
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Pornhub adds USDT payments through TRON wallet
Pornhub adult entertainment website has added stablecoin Tether (USDT) to its payment options. Pornhub announced on wednesday that it uses a TRONLink wallet for USDT transactions. The new payment option comes two months after PayPal suddenly discontinued its Pornhub services in November.
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Andra Capital and Tezos want to release Silicon Valley Token
Focusing on venture capital investments, Andra Capital plans to release its own cryptocurrency, Silicon Valley Coin (SVC) through Security Token Offering (STO). The project is implemented in cooperation with the Tezos Foundation and will be built on its blockchain. Following this announcement, XTZ registered a daily increase of almost 9% against the dollar.
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Liechtenstein regulator approved a real estate fund based on Ethereum
AARGOS Global Real Estate Fund has been approved as an Alternative Investment Fund (AIF) by the Liechtenstein Financial Market Authority (FMA). The Fund provides exposure in the global real estate portfolio through AARGO security tokens – built on the Ethereum blockchain – with each token representing one share in the fund. AARGO tokens were designed to ensure that only compliant transactions can be executed, Token Factory said on the blog at the beginning of the week. In other words, only investors who have completed the required KYC / AML forms can own the token.
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Grayscale Bitcoin Trust is licensed by the US SEC
According to a press release, Grayscale Bitcoin Trust filed an application with the US Securities and Exchange Commission (SEC) in November 2019, becoming a so-called intelligence company. Once approved, Grayscale Bitcoin Trust will now be able to report to the SEC quarterly and annual reports and other documents required by the Stock Exchange Act. Now GBTC investors who buy shares from private sources can liquidate their stake after 6 months instead of 12 months.
