With bitcoin hovering around $36K and Iran’s government blaming crypto miners for recent blackouts, CoinDesk’s Market’s Daily is back with the latest news roundup.
Add Markets Daily to your Alexa Flash Briefing here.
This episode is sponsored by Nexo.io.
Today’s stories:
Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September
Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September.
Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says
The investment giant predicts CBDCs will continue gaining steam, although a “launch among Western countries seems unlikely to occur anytime soon.”
Crypto Long & Short: No, Bitcoin Is Not in a Bubble
Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.
Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations
The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate.
Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.