Russia To Ban Crypto As Global Crackdown Efforts Intensify...
Russia's central bank has suggested a blanket ban on cryptocurrency usage and mining within the country, citing concerns of financial stability, individuals' well-being, and the nation's monetary policy autonomy.
$4.5 Billion To Be Raised by Andreessen Horowitz For New Cryptocurrency Funds...
A venture capital firm known as Andreessen Horowitz (a16z) has made significant investments in the cryptocurrency sector in the past. Most recently, it has announced that it is currently trying to generate $4.5 billion for new crypto funds.
Crypto.com has now revealed key details concerning a recent attack on its platform that occurred last weekend, stating that over 480 of its customers were impacted and that illegal withdrawals of nearly $19 million in BTC, $15 million in ETH, and more than $66,000 in various other currencies had transpired.
Google Treading Carefully Into The Realm Of Bitcoin And Cryptocurrencies...
"We pay a lot of attention to cryptocurrencies," said Bill Ready, Google's Head of Commerce. "The company will therefore have to evolve in tandem with user and merchant demand so as to keep up to date with a changing world and economy."
Bitcoin Open Interest Decreasing, But Still High. May Lead to More Short Term Volatility
Bitcoin Open Interest (OI) has been overheated over the last three months. With over $25 billion in open interest as of November, 2021. While OI has been decreasing over the last few months, it is still high, which may signal more liquidations and short term volatility.
Open interest is the total number of outstanding derivative contracts, such as options or futures that have not been settled for an asset. The total open interest does not count, and total every buy and sell contract. Instead, open interest provides a more accurate picture of the options trading activity, and whether money flows into the futures and options market are increasing or decreasing.
We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.
‌
‌
‌