Bitcoin sees a 10% drawdown, what’s behind this market sell-off?

Hello everyone! The global crypto market cap is $2.05 trillion with a 24-hour volume of $138.25 billi

CryptoSlate Newsletter @cryptoslate

Hello everyone! The global crypto market cap is $2.05 trillion with a 24-hour volume of $138.25 billion. The price of Bitcoin is $42,979.47 and the BTC dominance is at 39.6%.

Bitcoin sees a 10% drawdown, what's behind this market sell-off? The first week of 2022 gets off to an inauspicious start as Bitcoin suffered a 10% swing to the downside on Wednesday. cryptoslate.com

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The XRP Army wants to expose the SEC via the Joe Rogan podcast In an attempt to lay bare the dealings of the SEC, the XRP Army is rallying support to get Attorney John Deaton on the Joe Rogan podcast. cryptoslate.com

Europe's leading esports organization partners with Tezos Team Vitality, a leading European esports, and gaming organization announced that it has partnered with Tezos. cryptoslate.com

Footprint Analytics: What Will 2022 Bring for The Sandbox? By Grace (grace@footprint.network) Data source: The Sandbox Dashboard The Sandbox is one of several major GameFi projects whose token jumped by a couple of thousand percent in October and November.  As household names like Facebook, now Meta, make moves in the metaverse and virtual plots of land see astronomical sale prices—last month, a virtual plot […] cryptoslate.com

What's behind the rise in employers offering crypto salaries? As reported by NBC New York, more and more young professionals want to get paid in crypto. cryptoslate.com

Metaversal announce $50 million Series A fund led by Coinfund and Foxhaven Just as the Metaverse is coming to life, Metaversal announces a $50 million Series A fund co-led by CoinFund and Foxhaven Asset Management. cryptoslate.com

Ethereum outperformed Bitcoin throughout 2021 It is an unarguable fact that Bitcoin and Ethereum are the two biggest cryptocurrencies in the world today. The battle between these two coins dragged on throughout last year and the silent competition between both assets continues to shape the world of cryptocurrency. cryptoslate.com

Phantom CEO clears the air about the iOS beta launch, as public rollout approaches Phantom, a self-custodial browser extension and crypto wallet built for Solana, became the ecosystem's top dog despite lacking a mobile app–hitting 1.8 million monthly active users in just nine months. With the mobile app public rollout approaching, CryptoSlate touched base with Phantom co-founder and CEO, Brandon Millman, who cleared the air about the bumpy iOS […] cryptoslate.com

Canaan expands crypto mining operations in Kazakhstan Canaan, which is a leading Bitcoin mining hardware company, announced its strategic collaboration with crypto mining firms in Kazakhstan to bolster the joint mining business in the region. Canaan enters into strategic alliances with Kazakh crypto mining firms Canaan on Tuesday announced that it had successfully deployed 10,300 AvalonMiner units in Kazakhstan. cryptoslate.com

Fuel price protests escalate in Kazakhstan causing internet blackout for its Bitcoin miners Spurred by a sharp rise in fuel prices, raging protests in Kazakhstan brought about a nationwide internet blackout. cryptoslate.com

Sweden leads Europe's first crypto SPAC, ticker "HODL" A SPAC, or Special Purpose Acquisition Company, is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. cryptoslate.com

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