News updates January 25, 2022
1. Google Launches Blockchain Division
The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready, Google’s president of commerce, stated on January 19 they were paying a lot of attention to the area.
Google Goes Blockchain
Google, one of the biggest software companies in the world, is reportedly launching a new blockchain division as part of its Labs group. The blockchain division will be led by Shivakumar Venkataraman, an engineering vice president for Google. The division will focus on “blockchain and other next-gen distributed computing and data storage technologies,” according to an email obtained by Bloomberg.
While the company has been involved in certain blockchain projects, it has been very wary of being associated with any cryptocurrency in particular. The new blockchain division will be directed to the experimentation with these decentralized technologies under the umbrella of the Labs group. Labs is an experimental division that groups all the AR and VR efforts, and other potential projects in the tech area. The new Google Labs group also includes an in-house incubator for projects called Area 120.
This development is seen by some analysts as a response to how other companies like Meta (formerly Facebook) are growing to include more of these new developments into their business model.
2. LBank Exchange Will List ADENE (ADEN) on January 27, 2022
PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 25 2022 – LBank Exchange, a global digital asset trading platform, will list ADENE (ADEN) on January 27, 2022. For all users of LBank Exchange, the ADEN/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on January 27, 2022
The gambling industry has become an empire that is owned by some powerful bodies (centralized casino system) who are solely making profits only for themselves. As the first fully decentralized game system of the 4th generation, ADENE (ADEN) is here to disrupt the gambling culture, end this monopoly, and create its own realm of gambling to bring back equality and justice to the gambling industry. Its utility token ADEN will be listed on LBank Exchange at 18:00 (UTC+8) on January 27, 2022, to further expand its global reach and help it achieve its vision.
3. Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Month Low
The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing.
Bitcoin
Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week.
As of writing, BTC/USD hit an intraday low of $33,184.06 during today’s session, which is its lowest level since July 23rd last year. Today’s move comes as prices broke below the recent support level of $40,135 last Thursday and extended throughout the weekend.
4. US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position
Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days
The United States Commands a Large Concentration of Bitcoin Miners, 66 Exahash Recorded in the US on January 24
According to chainbulletin.com’s mining map, there is a large concentration of the Bitcoin network’s hashrate located in the United States. At the time of writing, data shows that 66.22 exahash per second (EH/s) or 35.4% of the global hashrate resides in the U.S., while 17.87 EH/s or 9.55% is located in Canada. Between Canada and the United States, the countries command 44.95% of the global hashrate.
5. Rich Dad Poor Dad's Robert Kiyosaki: Bitcoin Is Crashing, Will Buy When BTC Tests $20K
The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he will buy more bitcoin if and when the price of the cryptocurrency tests $20K. He noted that bitcoin’s price crashing is “great news,” adding that the “Time to get richer is coming.”
Robert Kiyosaki Plans to Buy More Bitcoin
Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted Sunday about the price of bitcoin and when he will buy more BTC.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries
Kiyosaki wrote:
Price of bitcoin [is] crashing. Great news. I bought BTC at $6K and. My $9K. I will buy more if and when BTC tests $20K. Time to get richer is coming.
He added that silver is the best bargain today, emphasizing, “Silver [is] still 50% below high.”
6. Myanmar Military Government Proposes to Jail Digital Currency and VPN Users.
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800.
7. No Developed Nation Bans Cryptocurrencies, Telegram Founder Pavel Durov Warns Russia
Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says.
Durov Speaks Out Against Bank of Russia Push for Crypto Ban
The cryptocurrency ban proposed by the Central Bank of Russia (CBR) will destroy a number of high-tech sectors and spark an outflow of IT specialists, Pavel Durov, the man behind the popular-in-the-crypto-community messenger, Telegram, has predicted. The Russian entrepreneur also alerted that the restrictive policy would hinder blockchain development. In a Telegram post, Durov stated:
No developed country bans cryptocurrencies. Reason: such a ban will inevitably slow down the development of blockchain technologies in general. These technologies improve the efficiency and safety of many human activities, from finance to arts.
