January 21, 2022

Google Pays 'a Lot of Attention to' Crypto, Partners With Coinbase

Google has partnered with companies, including Coinbase Global and BitPay, to store cryptoassets in digital cards, while still having users pay in traditional currencies, Bloomberg reported, citing Bill Ready, Google's president of commerce. According to him, "crypto is something we pay a lot of attention to" and the company is looking to do more of these partnerships. Also, per the same report, Google has hired former PayPal Holdings executive Arnold Goldberg to run its payments division and set a new course for the business after it scrapped a push into banking.


How Bitcoin Could Strengthen From A 10% Correction In The Stock Market

I'm always skeptical of bull markets that are so extremely bullish, like the stock market right now (b &). Then I look to this other asset (Bitcoin), it's new, it's just being adopted, demand is going up, supply is going down, which one do I want to be allocated to in the big picture?


Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means

Bitcoin's implied volatility is a metric that is used to illustrate investor expectations of future price volatility of the digital asset going forward. This metric is not only prominent in the crypto space but is used across a number of actives to map out investor expectations over time when it comes to volatility. If this metric is high, then investors are clearly expecting price volatility to be on the high side going forward, which is why this is an important metric for investors, especially those invested for the short term.


Bitcoin falls to $38,000 to hit a six-month low

The leading cryptocurrency Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 yesterday to $38,258 by 4am UTC today. Today's price crash has so far wiped about $50 billion from the overall crypto market. The total crypto market cap has been on a slow decline since early November 2021, when it reached a peak of $3 billion.


Crypto Market Needs Final Flush Before Bearish Trend Can Reverse, Says Digital Asset Analyst Nicholas Merten

Popular crypto analyst Nicholas Merten says that the crypto market is going through a long-term consolidation, but the position of top traders indicates that there will be a reversal at the end of a final flush. In a new strategy session, Merten tells his 496,000 YouTube subscribers that top traders are generally bullish and that the price of crypto assets will eventually go up once fear subsides.

The trader says that deep-pocketed investors will take advantage of the bear market to ramp up their holdings while traders who take short positions may face a liquidation of their assets.

Crypto Mayhem Grips Markets, $230 Billion Decimated In Massive Red Friday Selloff

The Bloomberg crypto suggests that BITCOIN(BTC) could be reaching its bottom, but angry responders have come down heavily on Bloomberg and accused them of supporting a Ponzi scheme.

One angry Twitter user remarked that the floor for BTC is zero and what Bloomberg is claiming in its tweet. The situation is erringly similar to the May 19, 2021 mayhem when the value of BTC touched its nadir.


JACK DORSEY, SAYLOR TO SPEAK AT UPCOMING FREE BITCOIN CONFERENCE

Chief executive officer of financial services company Block, previously known as Square, Jack Dorsey will speak at the upcoming Bitcoin for Corporations conference alongside MicroStrategy CEO Michael Saylor, the software intelligence firm announced in a Thursday press release.


Bitcoin Dips Below $40K During Broader Asia Market Sell-Off

For the second time this month, bitcoin has dipped below $40,000, hitting $38,642 mid-way through the Asia trading session. Bitcoin is down by nearly 8% in the last 24 hours, according to CoinGecko.


El Salvador to give crypto loans to local entrepreneurs

According to El Salvador's National Commission for Micro and Small Enterprises (Conamype) president, Paul Steiner, the loans to Conamype will be offered by Acumen, a Solana-based lending and borrowing platform.

He explained 86% of the companies in El Salvador operate in the informal sector and do not have access to banking services.


E-Commerce Giant Mercado Libre Invests in Crypto Firms Paxos, 2TM

Mercado Libre, Latin America's largest e-commerce company by market value, has invested in 2TM, the holding company for Brazil's largest crypto exchange Mercado Bitcoin, and blockchain infrastructure company Paxos.