...And Ether Futures Have Launched 🥳
| | "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." 👋
- Satoshi Nakamoto | | Market Activity | | | | |  | Total Market Cap $1.3T (+12.07%) |  | 24 Hour Volume $195.49B (+20.51%) | | Notable Movers Terra (LUNA) (+73.98%) | | | | Bitcoin Dominance 62.26% (+0.56%) | | Bitcoin Price $43,436.49 (+14.15%) | | Notable Movers Dogecoin (DOGE) (+28.24%) | | | | | | | Bitcoinist declares that the bull market is back following on from Tesla's headline-grabbing announcement. Cointelegraph says Bitcoin Cash is no longer a No. 10 cryptocurrency after being hounded out by Dogecoin. U.Today reports that one analyst believes Bitcoin could still crash to $6,400 despite the recent dramatic surges. | | | | | | The Weekend News 🚨 | Learn all about crypto at Alexandria, your new online crypto source! | | | |  | | Breaking news:Tesla has bought $1.5 billion worth of Bitcoin — and the electric vehicle maker is planning to accept crypto as a payment method. The news, revealed in a SEC filing, helped BTC hit new record highs of $43,978.25. It follows a slew of pro-crypto tweets from Elon Musk in recent weeks. So why is Tesla snapping up BTC now? Find out here.
| | | | The Tesla drama has overshadowed the launch of Ethereum futures. ETH's price remained largely flat on the first day of trading. The long-awaited debut could make it easier for institutions to gain exposure to the world's No. 2 cryptocurrency. It might take a while for ETH futures to gain momentum, with just 77 contracts traded on Monday morning. Read more here. | | |
| DOGE has hit new record highs after another flurry of celebrity endorsements over the weekend. The joke coin is now No. 9 in the crypto rankings, with a market cap of $10.5 billion. Snoop Dogg was the latest celebrity to jump on the bandwagon over the weekend, tweeting an album cover featuring his alter ego "Snoop Doge." You can see it here. | | |
| The Indian government is reportedly planning to fast-track a proposed bill that calls for private cryptocurrencies to be banned. This could pose a major threat to the nation's crypto industry — outlawing Bitcoin and Ethereum in one fell swoop. It's believed the bill would also kickstart the development of a digital rupee. Read more here. | | | | Poll of the Day 📣 | Following on from Tesla's sensational announcement that it was buying $1.5 billion in Bitcoin, our question is this...
On a scale of 1-5 (5 being definitely,) will Bitcoin hit $50,000 in February?
|  | | |  | | | | | | What You Said 🔊 | Back on Friday, we asked you this: On a scale of 1-5 (5 being definitely,) are you worried that Elon Musk could end up crashing the crypto markets with one of his tweets?
Thanks for all your responses — 51.6% of you said that the current turmoil will be good news for BTC, while 7.5% of you think the opposite. Here's what you had to say… | | | | One cynic tweets: "His tweets are probably for his own profit making." 😤
But not everyone agrees, writing: "His tweets are harmless. He wouldn't say anything negative that would jeopardize anyone's livelihood. Janet Yellen is the one we need to worry about!" 😬
Another reader adds: "He's a smart man and wouldn't do or say anything to jeopardize other people's livelihoods, that would be cruel and selfish. I don't think he has a mean bone in his body. He's not your typical multibillionaire." 🧐
Some of you are a little nervous: "I think sometimes he forgets how much impact he can have on the markets." 😕
There are also fears about what could happen if his tone changes: "If Elon puts out a negative tweet, that specific crypto could crash." 😭
And the last word goes to this reader, who says we shouldn't underestimate how influential the Tesla CEO is: "He is a huge inspiration to others, a man many from the mainstream and more look up too, and many will believe and react to whatever he might say." 😍
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(Not available in certain countries, check FAQ for details) | | | | Crypto Deep Dive 🏊 | It's showtime for one of the projects that's in CoinMarketCap's top 200.
Today, our attention turns to Nervos Network. Its ticker is CKB and it has a market capitalization of $177,799,582 at the time of writing — meaning it's 123rd in our rankings.
| The gist of it 📖 Nervos claims to solve the biggest challenges facing Bitcoin and Ethereum It allows any crypto asset to be stored in a secure, immutable and permissionless way, while also enabling smart contracts The network claims to offer unlimited scalability, as well as free and fast transactions Why people love it 😍 It managed to raise $72 million during a public token sale in October 2019 China Merchants Bank was among the institutions who participated in the fundraising Nervos recently set up a $30 million public grant fund to encourage developers to build projects on its blockchain Why people doubt it 🤔 Ethereum has substantially more developers Nervos may face an uphill struggle as it tries to build its ecosystem The platform's CKB tokens have lost 56.9% since launching last November | | | | |
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