The Crypto News Roundup: January 27, 2021

This is your monthly news round up! Discussing the biggest headlines & latest happenings in the crypto space. Join our mailing list to get the weekly insights delivered to your inbox:

The crypto industry never fails to overwhelm its community with the market prices skyrocketing at the beginning of the month. The bulls have taken up the rally on a charge when we saw BTC and ETH reaching their all-time high, followed by Polkadot (DOT) entering the rank as one of the top ten cryptocurrencies.

As we got excited about what 2021 holds for the crypto sphere, the space is now getting the global attention that it deserves. Asia is now accounted for 43% of global cryptocurrency activity, which is equivalent to the US and Europe combined. With a growth like this, we have seen that COVID-19 affected how people are using money worldwide which also involves shifting to digital currencies. This also leads to The World Economic Forum’s upcoming Davos Agenda having a session to better understand blockchain technology and cryptocurrency.

ETH on its ATH

The price of Ethereum soared to hit a new record-high topping $1460. On CoinMarketCap, it touched a high of $1467, though it has pulled back. DeFi and ETH 2.0 are expected to continue attracting more participants to the Ethereum network, which will like trigger a surge in ETH’s price. Read more

Asia Dominating the Crypto Activity Worldwide

Crypto activity in Asia is equivalent to that in the U.S. and Europe combined. Research by Messari has delved into the Asian crypto landscape and revealed the region accounts for almost half of all digital asset trading and boasts six of the top ten largest crypto unicorns. Read more

The Rise of Polkadot (DOT)

Polkadot (DOT) has entered the ranks of top-ten cryptocurrencies by market cap leaving behind long-time giants like Litecoin (LTC) and Bitcoin Cash (BCH). Over the last year, Polkadot has gained much popularity as an Ethereum-competitor although it is currently miles apart. The platform gained popularity by attracting development projects like Moonbeam that supports scalable smart contracts. It also hosts other diverse projects like KILT that offer digital identity. Read more

The World Economic Forum’s Davos Agenda

Cryptocurrency keeps getting global attention it deserves. Cryptocurrency makes the World Economic Forum’s Davos Agenda. Sessions devoted to “resetting digital currencies” are scheduled at this week’s Davos Agenda. Read more

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