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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
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Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
Lo que debes saber:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
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