Kaiko Research: Monthly Market Report January 2021

markets View Bitcoin bounced up from $8,420 on Wednesday, forming a bullish higher low. The 4-hour chart now shows a bull flag breakout. As a result, a rally to $9,000 looks possible. A pennant breakout confirmed on Sunday has already created room for a rally to $10,000. On the way higher, BTC may face selling…

North Korea-linked cryptocurrency hacks totaled $3 billion between 2017 and 2023, South Korean news agency Yonhap reported on Thursday, citing a United Nations (UN) Security Council study.A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million, the

Only five mining rigs remain profitable as bitcoin prices dropped below $58,000, potentially signaling a local bottom for the market. Miners, who provide computing power to blockchain networks are facing significant operational costs. Only five mining rigs are profitable for their operators as bitcoin (BTC) slumped to the $54,000 mark this week, creating a scenario

Yat SiuCo-Founder and Executive ChairmanAnimoca BrandsWhere is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.Yat SiuCo-Founder and Executive ChairmanAnimoca BrandsWhere is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.Shaurya is the Co-Leader of the CoinDesk tokens and…

news Digital asset custodian Koine Money Ltd. has secured an electronic money license from U.K. regulators, while it prepares for the eventualities of a future Brexit by seeking permissions abroad. On Thursday, the U.K’s Financial Conduct Authority granted Koine an e-money license – known as an EMI license – allowing Koine to issue its own…

Polygon Labs paid $4 million to host Starbucks Odyssey, the NFT-powered loyalty program that made headlines as a crypto biz-dev coup.The deal was a hallmark of a "big and flashy" business development strategy that Polygon has since abandoned, people familiar with the matter said.Companies usually pay their tech vendors for services rendered. For Starbucks' soon-to-be-defunct

news “Dharma is the easiest place to save your money from anywhere in the world.” That’s the new mission statement for decentralized finance (DeFi) platform Dharma as described by Brendan Forster, co-founder and COO of Dharma Labs, which built the Dharma protocol. On Thursday, Dharma Labs announced it would be relaunching its services in closed…

Darwinism could soon pummel some bitcoin (BTC) miners as the halving, a once-every-four-year event that cuts the reward for creating new BTC gets cut by 50%, unleashes a "survival of the fittest" battle in April.To prepare for the disruptive event, larger companies are securing newer and more-efficient mining machines. But they might also consider gobbling

news The U.S. Commodity Futures Trading Commission (CFTC) wants to learn more about ethereum, its technology, and the markets that have built up around it. In a “Request for Input” (RFI) published Tuesday, the regulator explains that it is looking for public feedback on different questions about ethereum, ranging from its technology to how it’s used.…