RABIT Weekly news (W2 Jan 2022)
- Second largest bank in Spain, BBVA launches a service enabling bitcoin and ethereum custody and trading services for retail customers. Australian bank CBA also running pilot program offering similar services
- German savings banks working together to potentially start offering crypto trading to customers directly from their accounts in 2022
- China launches pilot app servicing 11 regions including Shanghai and Beijing to encourage CBDC use
- South Korean Coinone will stop withdrawals to unverified external wallets such as MetaMask or Ledger, due to mandatory travel rules to be in action by March 2022
- Whale holding 28,605 BTC takes in additional 1,000 BTC
- Coinbase Global (COIN) upgraded to buy from neutral at Bank of America, but management continues to sell out
- Samsung Electronics America debuts virtual store in Decentraland, a blockchain-powered metaverse platform. (Dubbed ‘Samsung 837X’ after the physical flagship location in 837 Washington Street, NYC)
- As China bans mining, Kazakhstan emerged as 2nd largest bitcoin miner accounting for 18% of the global total. Hashrate fell as Kazakhstan is engulfed in civil unrest in the past week, set off by an energy price spike, and internet blackout followed. Sharp selling spree due to Kazakh crisis coupled with U.S. Fed’s QT.
+ 2022 Crypto Trends
- Increased acceptance of BTC as legal tender
- FATF travel rule
- Spot ETF
- CBDC
- QT
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