Monday January 23, 2023

Your Weekly Update On All Things Crypto

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TL;DR

Chapter 11 Bankruptcy Decided Upon By Crypto Lending Unit Of Genesis
New Stablecoin Backed By Gold To Be Launched Via Russia And Iran Collaboration
Stargate Finance Deploys On Metis Andromeda As New Partnership Gets Announced
Over 30K Scholarships To Be Provided By Binance Charity In 2023
Crypto Education On The Rise As Market Begins Slow Road To Recovery
BitcoinBitcoin (+8%) Breaks Above Critical Resistance
Ethereum Ethereum (+4%) Turns 200-Day MV into Support

MACRO NEWS

Chapter 11 Bankruptcy Decided Upon By Crypto Lending Unit Of Genesis...

Genesis Global Holdco LLC has reportedly filed for Chapter 11 bankruptcy protection. This is also the parent company of notable crypto lender Genesis Global Capital. Additionally, the company recently announced that it would be laying off 30% of its workforce, reducing it to 145 employees.

New Stablecoin Backed By Gold To Be Launched Via Russia And Iran Collaboration...

The Central Bank of Iran is reportedly collaborating with the Russian government to launch a new cryptocurrency backed by gold. The goal of the partnership is to develop a token of the Persian Gulf region which can be used as a reliable payment method for the purposes of international trade.

Stargate Finance Deploys On Metis Andromeda As New Partnership Gets Announced...

Stargate Finance, a completely composable liquidity transport protocol, recently announced their deployment on Metis Andromeda, an organization dedicated to constructing a resilient and fully decentralized Layer 2 infrastructure to empower the Web3 economy.

Over 30K Scholarships To Be Provided By Binance Charity In 2023...

Binance Charity, the charitable branch of the biggest crypto exchange in the world, plans to provide over 30,000 scholarships to students interested in pursuing a career in Web3 this year. Binance Charity will also benefit from the popular non-profit blockchain education portal, Binance Academy.

Crypto Education On The Rise As Market Begins Slow Road To Recovery...

Educational adoption of Bitcoin and crypto-related courses has been steadily increasing alongside a gradually recovering market, with Texas A&M becoming the latest institution in the U.S to offer a Bitcoin course to its student body of over 74,000.

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TECHNICAL ANALYSIS

Bitcoin (+8%) Breaks Above Critical Resistance

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Ethereum (+4%) Turns 200-Day MV into Support

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CONTENT OF THE WEEK

Genesis BANKRUPTCY?! FTX Going to TURN BACK ON?! Gemini IN TROUBLE??

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BITCOIN ALERT!!!!! THIS HAS NEVER HAPPENED BEFORE!!! HISTORIC MOMENT!!!

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The Global Crypto Derivatives Landscape | Dan Gunsberg, Hxro Network

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.