by Gunay Caymaz
Investing.com – Here’s a look at the most important news of the day in the cryptocurrency industry.
Coinbase has announced 3 cryptocurrencies to list soon
In the announcement made by the exchange, the exchange announced the first listings for 2023. Thus, Coinbase announced that it will soon add (AUDIO), (T) and (AXL) assets to its platform, although it has not announced the date yet.
Among these assets, Threshold saw a 20% loss today after a massive 170% gain in the first two days of the week. On the other hand, after posting a 90% rally since the start of the week while playing with the bears today, it is down 28% from its peak of $0.365 to $0.26 so far. In the Akslar market, it was noted that the listing news was not priced in.
Blockstream raises $125 million to be used for mining
Infrastructure and mining company Bluestream raised $125 million in a financing round of bonds and convertible loans.
At a time when companies are struggling to continue their activities due to long-standing problems in the cryptocurrency mining industry, the company will make a bold decision to take a big step to expand its bitcoin mining services. Currently, Blockstream has more than 500 megawatts of power supporting infrastructure.
Blockstream also raised $210 million in its 2021 investment round.
BlockFi results show $1.2 billion in credit from FTX and Alameda.
According to recently released financial statements from bankrupt cryptocurrency lender BlockFi, it has more than $1.2 billion in dues from FTX and Alameda Research.
BlockFi’s latest data revealed that its receivables from other bankrupt companies are higher than in previous statements. Accordingly, the company has $415.9 million in assets in FTX as of January 14, while it has an $831.3 million loan made to Alameda.
BlockFi’s legal unit previously reported that the loan to Alameda was valued at $671 million and the remaining assets in FTX were $355 million. Since then, the dollar value of the receivables has increased along with the price of crypto assets.
The British Treasury is taking a big step towards a digital scale
A UK Treasury job advertisement appears to be looking for a “Head of Central Bank Digital Currency”. The announcement statement states that the Treasury will be responsible for leading work on a potential digital pound – the UK’s CBDC digital currency.
The potential CBDC chairman will work with the Bank of England on the government’s next digital pound warning and lead the treasury team. While this announcement was made as part of the work on CBDC implementation in the UK, no final decision has been made in the country yet.
The Official Forum of Monetary and Financial Institutions (OMFIF), in a recently published research report, predicts that more than half of central banks will launch their own digital currencies within 10 years, prompting developed countries in particular to investigate this issue in detail.
Bitcoin Rainbow Chart Signals BTC Entering Bullish Season
Although Bitcoin is starting the year well, questions remain as to whether the bull market will continue.
While the uncertainty continues, the market has had a lot of analyst opinions lately. One of them came up with the BTC Rainbow Indicator developed by Bitcoincenter. The indicator gives some indications that Bitcoin is entering the first phase of its bull season.
The Bitcoin Rainbow indicator indicates that as of today, Bitcoin has left the oversold zone and reached the demand zone. The fact that this trend is finally reversing the levels of the March 2020 period, when the pandemic began, analysts comment, indicates that the bullish trend for Bitcoin may continue.
The Bitcoin Rainbow indicator consists of bands of colors that follow a brief logarithmic retracement and tracks the performance of Bitcoin’s price to provide potential insight into its long-term movements.