This week’s news
We bring you a summary of the most popular crypto asset (virtual currency) news over the past week (1/13 to 1/19).
This week, the most interesting articles included an analysis of Bitcoin (BTC) mining, the movement of $2 billion worth of dormant Bitcoin, and an analysis of Bitcoin spot exchange traded funds (ETFs).
table of contents
- This week’s featured news
- financial market
- Asia special feature
This week’s featured news
The break-even point for miners after the next Bitcoin halving is 1 BTC = $40,000 | CoinShares Report (1/15)
Cryptocurrency investment firm CoinShares has released a report analyzing the financial statements of publicly traded mining companies and private miners to analyze the cost and profitability of Bitcoin production after the next halving. (the article ishere)
$2 billion worth of dormant Bitcoin moved after spot ETF trading started (1/18)
Tens of thousands of Bitcoins, a virtual currency that has only moved twice in the past 11 years, appear to have been moved anew. Once again, the movements of whales (large holders) are attracting attention. (the article ishere)
JP Morgan analysis Will the profit taking of Bitcoin ETF “GBTC” further accelerate selling pressure? (1/19)
Bitcoin fell below the $41,000 level, down 3.7% from the previous day. The reason for the dominance of selling seems to be that the selling of BTC spot profits in Bitcoin ETFs is accelerating. (the article ishere)
financial market
After the approval of Bitcoin ETF, the virtual currency market has fallen sharply, and there is selling pressure such as Grayscale’s GBTC (1/15)
On this day, the Bitcoin price fell 1.06% from the previous day to 1 BTC = $42,318. It is believed that the sale of shares in the Grayscale Bitcoin Trust (GBTC) has accelerated the fall in the Bitcoin price after the approval of a Bitcoin ETF. (the article ishere)
The Bitcoin market has slowed down, and the weekly trading volume of listed investment products reaches a record high of $17.5 billion (1/16)
Bitcoin price rose 0.43% from the previous day to 1 BTC = $42,803. According to the weekly report from asset management firm CoinShares, inflows into exchange-traded investment products (ETPs) increased by $1.18 billion last week. (the article ishere)
Bitcoin plummets to the $40,000 level again, amid continued grayscale GBTC selling (1/19)
Bitcoin price plummets as grayscale GBTC continues to sell. The daily pattern has worsened, and the risk of a prolonged adjustment phase has been pointed out. (the article ishere)
Asia special feature
DeNA launches Web3 quiz game Blockchain adopts ETH L2 “Base” (1/16)
DeNA (DeNA), which operates businesses such as games and sports, announced on the 15th that it had started offering trivia.tech, a multiplayer quick-click quiz game using blockchain, on the same day. The blockchain uses Base, an Ethereum (ETH) L2 solution promoted by Coinbase. (the article ishere)
Binance and Gulf open regulated virtual currency exchange “Binance TH” in Thailand (1/17)
Gulf Binance, a joint venture between Binance and Thailand’s Gulf Innova, has launched a virtual currency exchange service for the general public in Thailand. It will be open to the public following an invitation-only test in November. (the article ishere)
Solana Mobile starts pre-sale of new smartphone “Chapter 2” Orderable in Japan (1/17)
On the 17th, Solana Mobile, a smartphone subsidiary under Solana Lab, began pre-selling its second generation smartphone, Chapter 2. Foreign media reported on the 16th that a new model following the first generation “Saga” will be announced soon. (the article ishere)
Joint proposal for chain integration linked to LINE and KakaoTalk, Klaytn and others aim for Asia’s Web3 supremacy (1/17)
The Klaytn Foundation, which is dedicated to developing the Klaytn ecosystem, a major Korean Layer 1 blockchain, announced on the 16th a partnership plan with the Finschia Foundation, which operates the Finschia blockchain developed by LINE Tech Plus. (the article ishere)
“WebX2024” Announcement of new IP area where Kodansha, Toho and others will exhibit, ETH Tokyo and DAO Tokyo will be held at the same time (1/18)
New projects and affiliated conferences were announced at the launch party for “WebX2024” held on the 18th at The Prince Park Tower Tokyo. The contents of the announcements are wide-ranging, including the establishment of an “IP area” specializing in IP such as manga and anime, a “networking area” specializing in matching businesses, the establishment of a “public interview booth,” and sponsorship decisions by the Tokyo Metropolitan Government. . (the article ishere)
connection:Why we need a large-scale Web3 conference in Japan | WebX founder interview
Asia’s largest Web3 conference “WebX 2024” to be held at The Prince Park Tower Tokyo https://t.co/pogMJ9oqDw
The event is scheduled to be held over two days, August 28th (Wednesday) and August 29th (Thursday), 2024. We look forward to your application!
— CoinPost (virtual currency media) (@coin_post) September 29, 2023
Featured Web3 conference dates
Web3 and virtual currency/blockchain related conferences are becoming more active worldwide. In this article, we will also introduce information on major conferences scheduled to be held in the near future, mainly in Asia.
TEAMZ WEB3/AI SUMMIT 2024
“TEAMZ WEB3/AI SUMMIT 2024” is an event with the theme of Web3 and AI, scheduled to be held at Toranomon Hills Forum in Tokyo from April 13th to 14th.
TEAMZ WEB3/AI SUMMIT 2024 follows this year’s TEAMZ WEB3 SUMMIT 2023, and is an event focused on the potential for synergy between the AI and blockchain fields, which are attracting attention due to the rise of OpenAI and ChatGPT.
According to the official page, there will be more than 120 speakers next year, including more than 200 VCs, investors, and exhibiting companies. It is estimated that 5,000 people will attend.
TEAMZ WEB3 / AI SUMMIT 2024 is an upgraded event of TEAMZ WEB3 SUMMIT 2023, which was one of the most influential events in Japan’s Web3 industry.
This year, we will focus on both recent trends, WEB3 and AI, as our main themes… pic.twitter.com/JsjXkV9ZDe
— TEAMZ, Inc. (@teamz_inc) November 7, 2023
CoinPost official app
CoinPost official app (1.7.15) has been released on iOS and Android
・iOS17 compatible
・Improved display of in-app WebView
・Improved behavior when tapping notifications
Such… pic.twitter.com/Y8dikLRBe7
— CoinPost (virtual currency media) (@coin_post) November 15, 2023
The post Weekly Cryptocurrency News (+Asia Special Feature) | High interest in mining analysis after Bitcoin halving and BTC transfer worth $2 billion appeared first on Our Bitcoin News.