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Federal Documents Warn of Sweeping Implications if ‘digital loonie’ Adopted January 03, 2022 – Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency. The Bank of Canada has spent years looking at whether to introduce a digital currency, but so far hasn’t seen an immediate need to issue one. Read the report here. |
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Canadian DeFi platform WonderFi is Acquiring Crypto Exchange Bitbuy January 04, 2022 – The deal establishes WonderFi, backed by venture capitalist Kevin O’Leary, as Canada’s largest publicly traded end-to-end consumer platform for crypto and DeFi. It’s also a bet on the regulatory environment in Canada — and reflects a global strategy of seeking out crypto-friendly regulators, according to O’Leary. Read the report here. |
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Institutional Era: The Bitcoin Buyers You Haven’t Heard About January 05, 2022 – While 2017 was driven by retail investors, institutions have since entered the game… On the frontline of crypto trading, Anton Chashchin, the Managing Partner of Bitfrost, presents his insights into the rising institutional adoption of cryptocurrencies and the buyers flying under the radar of the Elon Musk-focused headlines. Read the report here. |
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Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence January 07, 2022 – Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst… According to the analyst, expectations for the Fed. rate hikes in 2022 could support a “win-win scenario” for Bitcoin versus the stock market, with BTC likely gaining “upper hand” versus stocks this year. Read the report here.
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PayPal Says It Is ‘Exploring a Stablecoin’ After Dev Discovers It in Code
January 07, 2022 – PayPal told Bloomberg the code was part of a hackathon and wouldn’t necessarily be representative of the final version. “We are exploring a stablecoin,” Senior VP of Crypto and Digital Currencies Jose Fernandez da Ponte told Bloomberg. “If and when we seek to move forward, we will of course, work closely with relevant regulators.” Read the report here. |
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NFT Marketplace OpenSea kicks off the New Year with Strong Volumes January 10, 2022 – According to The Block’s Data Dashboard, NFT trading on OpenSea in January has already exceeded $1.36 billion — just 10 days in. By comparison, the platform’s highest-ever monthly volume, recorded in August 2021 was $3.16 billion. Read the report here. |
