The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80. Source
Bitcoin's Correlation to Nvidia Strongest in Over a Year
Category: ICO
Bitcoin Tumbles to $67K As Asia Begins Trading Day
Bitcoin’s price has begun a recovery, trading above $68,5K as the day continues. Source
El Salvador Moves $400M BTC Into Cold Wallet, More than Doubling Known Holdings
El Salvador became the first country to purchase bitcoin as a treasury asset in September 2021, when a single coin cost around $52,000. On Thursday BTC prices were north of $72,000, though in the past 24 hours the asset has traded above $73,000 and as low as $68,000. Source
Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEck
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund. Source
Craig Wright Was Finally Called Out in Court and Hodlonaut Is Celebrating
COPA, for its part, said it would refer Craig for criminal proceedings, which might involve the numerous times he perjured himself. Justice Mellor said he would issue a “fairly lengthy written judgment” of the trial which saw Wright submit forged evidence and lie incessantly. Hodlonaut, who appeared in court during Wright’s cross-examination, expects the document to be “brutal.” Source
A $300M Ponzi Scheme That Targeted Latinos Falsely Claimed to Buy Crypto, SEC Says
“The only thing that CryptoFX guaranteed was a trail of thousands upon thousands of victims stretching across 10 states and two foreign countries,” he said. “A scheme of that size requires lots of participants, and as today’s action demonstrates, we will pursue charges against not just the principal architects of these massive schemes, but all those who further their fraud by unlawfully soliciting victims.” Source
Trump is Clear Favorite Among Crypto-Owning Voters in U.S. Presidential Race: Poll
The poll gathered the opinions of 1,000 voters, about 7% of whom said they hold more than $1,000 worth of crypto, and about 19% have purchase some cryptocurrency. When asked which U.S. political party they trust to tackle the issues around crypto, almost half of the voters polled – 49% – picked “neither.” Source
Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens
There’s plenty of such assets to choose from these days. A coterie of crypto startups on Solana are preparing to airdrop new tokens to their users, including Wormhole’s W, and Tensor’s TNSR. Their token holders will get to vote on the future of the project. Source
Justice James Mellor’s Ruling on Craig Wright, COPA Trial
However, having considered all the evidence and submissions presented to me in this trial, I’ve reached the conclusion that the evidence is overwhelming. Therefore, for the reasons which will be explained in that written judgment in due course, I will make certain declarations which I am satisfied are useful and are necessary to do justice between the parties: Source
The Biggest Bank Heist in History Is Coming
This mainstreaming of crypto by traditional financial institutions and regulators is exciting. But these banks are mostly tokenizing on permissioned networks, which regulators are encouraging. In December, while announcing plans to revise its bank capital standard for crypto-assets, the Basel Committee on Banking Supervision stated that since permissionless blockchains “create risks that cannot be sufficiently mitigated at present”, the highest bank capital requirements would be retained for crypto-assets held on permissionless blockchains. The Committee probably concluded this because permissionless blockchains are maintained by thousands of validators that are not subject…