Weekly cryptocurrency news | Attention is focused on the future of Coinbase’s Japanese business, US inflation slows down, etc.

news of the week

We will deliver mainly the news of the week (1/7 to 1/13).

The most widely read news story this week was that US-based major cryptocurrency exchange Coinbase plans to end most of its Japanese operations.

Regarding the virtual currency market, the report on the 10th, which summarizes the altcoin market price rise across the board, is attracting attention.

In addition, the U.S. CPI (Consumer Price Index) and the partnership between Amazon Web Services (AWS) and Ava Labs also attracted a lot of attention.

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: Coinbase to end most of Japan business = news (1/12)

US Coinbase plans to end most of its Japanese operations, it has been learned. The reason for the termination and the current situation are clarified. (the article ishere)

2nd place: Ethereum “Shanghai” public test net, implemented in February (1/9)

The Ethereum (ETH) core developer group held their first meeting of 2023 on the 5th. We discussed the first post-merge upgrade, “Shanghai”. (the article ishere)

3rd place: Cryptocurrency Flare (FLR) completes token distribution event (1/11)

Flair (FLR) completed its first Token Distribution Event (TDE) on the 10th. Flares will be distributed to XRP holders, but not all eligible people have received them yet, as each exchange handles them differently. (the article ishere)

Market news ranking

1st place: Altcoin rebounded over the previous weekend, GALA increased by 165% compared to the previous week (1/10)

In the virtual currency market, altcoin prices are all high. Among individual stocks, GALA rose 26.6% from the previous day and 165% from the previous week. (the article ishere)

2nd place: Bitcoin recovers to the $18,000 level, Avalanche (AVAX) rises 26% from the previous day (1/12)

Bitcoin (BTC) rose 4.7% from the previous day to $18,213. Among altcoins, Avalanche (AVAX) soared 26.4% from the previous day due to the partnership between Ava Labs and AWS. (the article ishere)

3rd place: Financial market rebounds after CPI announcement, bitcoin recovers to $ 19,000 at one point (1/13)

Financial markets rallied after the CPI announced by the US Department of Labor at 22:30 on the 12th Japan time increased by 6.5% compared to the same month of the previous year, decelerating as expected. Bitcoin temporarily recovered to the $19,000 level. (the article ishere)

Virtual Currency/Blockchain Industry News

Amazon AWS supports Avalanche (AVAX) (1/12)

On the 12th, AWS partnered with Ava Labs to support Avalanche’s infrastructure and ecosystem with node operations and dApps deployment. This is the first time AWS supports Avalanche. (the article ishere)

“Binance effect” Newly listed token price rises by 40% on average (1/7)

Crypto investor Ren & Heinrich today announced the impact of listing on Binance on token prices. Most of the analyzed cryptocurrencies have shown significant price increases in the first few days after listing. (the article ishere)

Polygon (MATIC), developers propose hard fork (1/13)

It has been pointed out that Ethereum’s scaling solution “Polygon (MATIC)” may hard fork soon. If the proposal is approved, the upgrade will take place on January 17th. (the article ishere)

US SEC sues Gemini and Genesis for securities law violations (1/13)

The U.S. Securities and Exchange Commission (SEC) has announced that it has filed a lawsuit against major cryptocurrency exchange Gemini and lender Genesis for violating securities laws. explaining the reasons for the lawsuit. (the article ishere)

Microsoft invests 1.3 trillion yen in “ChatGPT” development OpenAI (1/10)

It was revealed on the 10th that Microsoft, a major IT company, is in negotiations with OpenAI, which developed the AI ​​language model “ChatGPT,” for an additional investment of 1.3 trillion yen ($10 billion). Foreign media Semafor reports based on an anonymous source. (the article ishere)

Bitbank started handling Flare (FLR) (1/12)

On the afternoon of the 11th, the virtual currency exchange bitbank launched a new listing of Flare. It was the first handling of Flare in Japan. (the article ishere)

Total VC investment in cryptocurrency-related companies surpasses 2021 (1/11)

On the 10th, virtual currency media WuBlockchain released a report summarizing the investment status of venture capital (VC) in virtual currency-related companies in 2022. It reported that both the number of projects and total investment exceeded 2021. (the article ishere)

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