The most important crypto news of the week

Another exciting week in the crypto space is drawing to a close. The most important events around Bitcoin and Co. at a glance.

Crypto.com was the victim of a hacker attack at the end of the week. In a blog post, Crypto.com commented on the attack that temporarily crippled the US trading platform. According to their own statements, the wallets of 483 Crypto.com users were attacked. This would have resulted in unauthorized withdrawals of 4,836.26 ETH, 443.93 BTC, and $66,000 in other cryptocurrencies. According to the current status, the total amount of damage amounts to around 33 million US dollars and is therefore approximately double what was assumed a few days earlier.

You can read everything else in this post.

The Fed is considering a CBDC

After delays, the US Federal Reserve released the crypto-crypto report dubbed “Discussion Paper” a few days ago. The report focuses heavily on CBDCs and tends to ignore the rest of the crypto space. In the report, the Fed explains the opportunities and risks that could be associated with the introduction of a CBDC.

“A CBDC could serve as a new foundation for the payment system and a bridge between different payment services, both old and new,” the Fed stated. rapidly digitizing economy,” the US Federal Reserve continued to write.

We have compiled more information for you here.

Russia wants to ban cryptocurrencies

The Russian central bank published a report on Thursday in which the currency watchdog calls for a complete ban on cryptocurrencies on its own territory. the Rossii Bank it justifies its concerns with a threat to financial stability and the sovereignty of monetary policy in the country. Furthermore, Bitcoin and Co. are volatile and mostly a financial resource for illegal purposes.

In Russia there is already a ban on cryptocurrencies as a means of payment. The central bank now intends to extend this ban. As an alternative, they propose to use their own central bank digital currency.

You can know more in this post.

BitMEX buys Bankhaus von der Heydt

The contract is signed, the ink has dried. All eyes are now on BaFin as its go-ahead for the acquisition is still pending. “A standard process” is that, explains an employee of the financial institution Von der Heydt Bank (BVDH), which as one of the oldest local banks is about to change ownership. the BitMEX Group had previously announced the acquisition in a press release.

Therefore, the Singapore crypto exchange is putting Europe to the test. The brokerage service had previously been launched in Switzerland. BitMEX Link, which aims to enable trading of digital assets in the Alpine state in the future. The long-term goal is “the creation of a new powerhouse for crypto products in the heart of Europe,” says CEO Alexander Höptner, former head of the Stuttgart Stock Exchange.

You can read more about this in our detailed article.

Crypto Market Corrects Sharply

The crypto market corrected significantly at the end of the week. On Friday, January 21, prices fell by double-digit percentages in some cases. Major currency Bitcoin, for example, was trading at $38,800 at the time of writing and was thus unable to hold the long held support at $40,000. In percentage terms, the oldest cryptocurrency corrected a 7.6 percent weekly.

Things didn’t look much better in altcoin heaven. The second largest cryptocurrency by market cap, Ethereum (ETH), even fell 8.8 percent. At the time of writing, an ether was available for $2,891. In the top 10, Solana (SOL) was the most affected, falling 10.1 percent in the last 24 hours.

You can see how the courses are currently going here.