Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode
New data from Glassnode shows that Bitcoin (BTC) miners are accumulating “massive” amounts of BTC. Total BTC reserves were 1.859 million BTC as of Monday, the highest since a marked reduction at the end of 2020 after BTC/USD passed its previous all-time highs from 2017.
Algorand partners with Alchemy Pay to drive direct fiat payments
Algorand is bringing direct fiat payment channels into their network through a partnership with Alchemy Pay, a payment solutions provider that connects fiat and crypto economies.
Integrating with Alchemy Pay gives Algorand the ability to onboard users via fiat payment standards such as Visa, Mastercard, PayPal and other local payment channels worldwide. Alchemy Pay will now support Algorand’s ALGO token for payments in 65 countries.
Moonbeam’s GLMR token price jumps 200 times after listing on Binance
On Jan.11, after being listed on Binance, Glimmer (GLMR), the token of the Moonbeam ecosystem grew significantly from $0.25 to a peak of $51, which is 200 times the listing price. GLMR is currently trading at $8.81.
Fed Chair says a US CBDC and Stablecoins could coexist
Jerome Powell – Chairman of the Federal Reserve – appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he suggested that both could co-exist, without the former replacing the latter.
dYdX Trading Inc. plans to launch dYdX V4
dYdX, the open-source, decentralized exchange built on the Ethereum blockchain stated that it is working on the development of dYdX V4, which is expected to be launched at the end of this year.
It will be fully decentralized, there will be no central control node, and transaction fees will be owned by the community.
FTT flips SHIB as biggest token position among whales
Data by WhaleStats analytics platform shows that FTT has flipped SHIB to rank the biggest token position in USD.
The top 1,000 Ethereum wallets now hold $1.5 billion worth of FTT, which represents 15.51% of the total holdings of all tokens except ETH. SHIBA INU currently accounts for 14.4% of total holdings as Ethereum whales hold $1.39 billion.
Single inactive volcano has 90% chance of powering El Salvador’s Bitcoin City
El Salvador’s President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to power its Bitcoin City project.
In a Sunday notice, Bukele said there was a 90% probability of using the Conchagua volcano to supply 42 megawatts — “enough to provide energy to the entire Bitcoin City,”
Elrond Foundation acquires crypto payments firm Utrust
Elrond Gold (EGLD) is acquiring Utrust, a Portugal-based cryptocurrency payments firm to integrate Utrust payment gateway into Elrond.
The two companies will be working together to launch Merchant Yield, a DeFi-first payment processing solution that provides yield for merchants instead of requiring them to pay a percentage of the transacted value.
Top 3 Daily Gainers – GameFi Section
$BCOIN: +26.37%
$HTD: +21.71%
$SPG: +13.71%
BCOIN – Token of the Play-to-Earn Bombcrypto game, is currently at the top of the growth chart when it has increased by more than 25%.
No.2 & 3 are HTD (Heroes TD) and SPG (Space Crypto), trying to find back their value after a long time of decline with the general market.
Binance becomes the official sponsor of Africa Cup of Nations
Cryptocurrency exchange Binance has partnered with the Confederation of African Football to sponsor the Africa Cup of Nations tournament being held in Cameroon.
Promoting the exchange through football, the most popular sport on the continent, will be a way to raise awareness of the local people about cryptocurrencies and increase access to cryptocurrency trading through Binance.