Bitcoin price has been closely following the trend in gold prices in recent days and is generally influenced on a daily basis by the happenings around the Iran, US tensions. Over the last day, the price has corrected from over $8,300 to the current level below $8,000. This came as President Trump said he would not seek further military action against Iran. Bitcoin dominance stands at around 69%.
Binance Futures has launched another perpetual contract making it the fifth one. According to reports, Binance plans to expand its offering and create futures for the market’s top 20 cryptos. The new contract, pairing EOS with Tether’s USDT is the platform’s fifth one. Binance Futures is offering users up to 75x leverage.
Andy Cheung has resigned as the COO of OKEx to launch a new blockchain consultancy institute, BitWork. BitWork plans to offer exchange partnerships, advisory, marketing management, branding, and public relations, fundraising, and event management services to crypto and blockchain projects.
Former CEO of Bakkt and now Georgia’s newest senator, Kelly Loeffler, has cast her first vote to support U.S. President Donald Trump’s pick to lead the Small Business Administration. In the past, Loeffler has allegedly described herself as ’pro-Trump.’
Chief Economist of International Monetary Fund (IMF) Gita Gopinath has said that digital currencies will not displace the US dollar, despite having gained prominence over the last few years. Gopinath mentioned the U.S. dollar’s prominence in trade and banking across the globe, emphasizing the ever-growing increase in the usage of the currency.
South Korean crypto exchange platform Bithumb has set up a research center to boost its blockchain-based offerings and services. The exchange said the dedicated distributed ledger technology (DLT) research and development (R&D) division is aimed at leveraging the emerging technology to help it provide better services to customers.
Crypto exchange Kraken has said the cost of responding to law enforcement requests for user data is rising sharply YoY. It said in 2019 it had received 710 information requests in total, 49 per cent more than in 2018. In 2018, the exchange received 475 requests and just 160 were dealt with in 2017. The country issuing most requests in 2019 was the US (432), followed by the UK (86).
As per sources, Capital Markets Board of Turkey has plans to regulate crypto transactions. CMB, the regulatory body overseeing securities markets in the country, is developing a guideline to observe, audit, and regulate the crypto markets in the country.
Telegram’s Gram, the native cryptocurrency for the Telegram Open Network (TON), is not an investment product, the firm said in a public statement. Telegram emphasized that Grams should not be associated with expectations for profits based on purchase or holding of the token. Grams are instead designed to serve as a ’medium of exchange’ between users in the TON network, the firm elaborated.
A digital asset exchange backed by the Japanese messaging app LINE is delisting Ripple (XRP) and its trading pairs from its platform. The platform said that users have up 16 January to withdraw their delisted coins holdings. According to the exchange, the coin did not meet its standards in terms of performance, reliability, liquidity, or law and regulatory requirements.