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Crypto News Roundup for Jan. 29, 2020
With bitcoin set for its best-ever January, Markets Daily is back with today's crypto news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Jan 29, 2020, 5:00 p.m.
With bitcoin set for its best-ever January, Markets Daily is back with today's crypto news roundup.
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Today's news:
Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase
Lawyers Ramp Up Pressure to Exhume Quadriga CEO's Body
Swiss Company Gets Green Light to Incorporate for a Blockchain IPO
Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image
Atari is back! With a chain of hotels?
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What to know:
- 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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Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin
Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.
What to know:
- According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years.
- Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for bitcoin.
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