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Crypto News Roundup for Jan. 21, 2020
Join CoinDesk Podcast Editor Adam B. Levine and Senior Markets Reporter Brad Keoun for a daily, time saving rundown of top news impacting crypto markets today.
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Today's news:
- Bitcoin trading between $8,000 and $9,000 as MACD prepares to go positive for the first time in five months
- CME bitcoin futures growing fast as open contracts more than double since December.
- Publicly traded Argo Mining reports on big revenue gains and mining power ramp-up as the bitcoin halving approaches.
- Swiss regulators softening their stance on Facebook.
- Many advanced nations (but not the U.S.) have joined with the BIS to study Central Bank Digital Currencies (CBDCs).
- DigiXDAO investors opt to liquidate the project and issue refunds worth more than the original investment.
- Class action plaintiffs move to consolidate multiple lawsuits against Tether.
- Xinhau reports Chinese investment in blockchain projects is down 41 percent from 2018 (Original Report).
- South Korea considers simplifying taxes on cryptocurrency income (Original report).
- Indian Central Bank clarifies stance, says there is no "ban" on cryptocurrency.
- A new report from the Jerusalem Post says Hamas collected millions in cryptocurrency
Meer voor jou
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Wat u moet weten:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
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