Weekly Roundup | January 20th 2021

Asia is the King of Crypto 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 )

Investor Raoul Pal Predicting an ETH Bullrun Altcoins season is on in full swing according to investor Raoul Pal.

On Jan. 7, in a tweet thread, Pal said that he believes Ether could achieve $10,000 to $20,000, if it follows the same cycle as Bitcoin. Pal pinpointed Metcalfe’s law, which states the effect of a telecommunications network is proportional to the square of the number of connected users of the system, to support a bull case for Ether. (Read More )

US crypto regulations will return Bitcoin to its digital cash origins.

The inconvenience of using Bitcoin directly may soon be dwarfed by the headache of moving it on and off exchanges. To summarize the proposed regulations, exchanges would essentially be required to file a report with FinCEN when a customer makes a purchase in excess of $10,000, and gather Know Your Customer information any time a transaction of $3,000 or greater is conducted using a non-custodial wallet. (Read More)

Former Ripple CTO Dumps XRP

Leonidas Hadjiloizou, a crypto data analyst revealed that McCaleb, Former Ripple CTO sold $8.8 million worth of XRP token on January 18 for $0.30 apiece.While the future of XRP in the US looks grim at least until the lawsuit finalizes, the token would be looking at its market outside the US especially the Asia Pacific region for survival. (Read More)

Former Canadian Prime Minister Talks Bitcoin

Former Canadian prime minister names Bitcoin as a possible reserve currency. Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper. (Read More)

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