Bitcoin (BTC) faced a potentially volatile day on Jan. 18 as multiple macro triggers began to unsettle the outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BoJ refuses to hike Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from Japan, where the central bank, the Bank…
In 1992, economist Robert Shiller proposed a cash-settled futures market called perpetual futures that don’t expire and don’t provide delivery or coverage of the traded asset in order to lower the cost of rolling over or directly holding cryptocurrency contracts. However, such contracts are active only in cryptocurrency markets. In order to gain exposure to an underlying asset or index,…
The final vote on European Union’s much-awaited crypto regulations called Markets in Crypto Assets regulation (MiCA) was deferred to April 2023. This marks the second delay in the final vote, earlier deferred from November 2022 to February. The latest delay is attributed to a technical issue where the official 400-page document couldn’t be translated into the 24 official languages of…
Coinbase has confirmed that it will halt operations in Japan in the next few weeks, citing current market conditions. “Due to market conditions, our company has made the difficult decision to halt operations in Japan and to conduct a complete review of our business in the country,” the San Francisco-based company said in a blog post. “However, we are committed…
Despite Bitcoin (BTC) returning to pre-FTX collapse price levels, the contagion still affects the industry, forcing Coinbase cryptocurrency exchange to close operations in Japan. Coinbase officially announced on Jan. 18 that the firm will be terminating operations in Japan and conduct a complete review of its business in the country due to market conditions. All Coinbase Japan customers will have…
The price of Shiba Inu (SHIB) has spiked today, currently up 15.2% over the last 24 hours and 31.2% over the past seven days, per CoinGecko. SHIB is currently ranked the 13th-largest digital asset by market capitalization, but its price of $0.000012 is having one of the best days out of the top 100 cryptocurrencies. The meme coin is also…
The city of Shanghai is bringing metaverse activities to 20 urban locations, that will allow citizens to use digital tools in different ways according to the area. The initiative is part of a pilot program of the Shanghai Municipal Commission of Economy and Informatization to push more metaverse applications to the population. Shanghai Takes the Metaverse to 20 Urban Spots…
Caroline Pham, the commissioner of the Commodity Futures Trading Commission (CFTC), has recently called on regulators to provide clearer guidance on crypto assets in 2023. In an interview with Bloomberg, Pham mentioned that discussions with global players over crypto regulations are currently ongoing. The government official said that there are many foreign discussions currently happening about global industry standards for…
Research shows that Dogecoin (DOGE) was the only memecoin in 2022 to proactively reduce its carbon footprint — a key metric for mainstream adoption — by 25% in one year, thanks to the intervention of developers and Tesla CEO Elon Musk. One of the main reasons why Musk backtracked on accepting Bitcoin (BTC) payments for Tesla was high carbon emissions.…
The World Economic Forum (WEF) in Davos, Switzerland, brings together global leaders and thinkers across various industries to hone in on global issues each year. As the world of crypto and blockchain continues to push into the mainstream view, it, too, has become a topic of discussion at the legacy event. Cointelegraph editor-in-chief Kristina Lucrezia Cornèr moderated a panel on…
