Billionaire Bill Miller transferred half of his fortune to BTC

Hi there! This weekly digest is brought to you by the team at Good Crypto. We know you need to stay looped in on the latest developments in our niche, so we’ve compiled the most exciting events of the past week. You are about to read the hottest news, latest exchange listings, and of course, check out some memes to cheer you up. Follow us on Twitter or Telegram to keep up with the news and stay updated. Don’t miss a thing!

Weekly Market Summary

Former Twitter CEO and founder Jack Dorsey have announced a “Bitcoin Legal Defense Fund” creation plan.

“The main purpose of this Fund is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem, including finding and retaining defense counsel, developing litigation strategy, and paying legal bills.” he stated.

The foundation will include a team of volunteers and hired lawyers.

А user decided to check how KYC works on crypto exchanges and targeted ByBit for the experiment. A fake CZ driver’s license, a deep-faked video with his face, and registration of a Romanian prison was used to pass the user varification.

ByBit suffered. The exchange approved the documents and withdrawn any limits both on crypto input and output.

Quick weekly news:

• Crypto Prices Are Down While the NFT Market Remains Red Hot. Here’s Why
  
• Retail is pushing the Bitcoin price up
  
• Wiki contributors want to drop crypto donations over environmental concerns
  
• Iran to Allow Businesses Use Cryptos for Int’l Settlements

Other notable events include:

• A Tesla owner made a mining farm out of his car
  
• Billionaire Bill Miller transferred half of his fortune to BTC

A Tesla owner made a mining farm out of his car

Siraj Raval from San Francisco uses a very unusual way to mine ETH. The owner of a 2018 Tesla Model 3 told CNBC that he made up to $800 a month by using his car to mine crypto. He hooked up graphic processing units that mine cryptocurrencies directly to the Tesla car battery.

He said that he spent roughly 20 hours a day mining with his Tesla battery and that he paid $30 to $60 a month charging the battery.

Billionaire Bill Miller transferred half of his fortune to BTC

Despite the bearish market, billionaire Bill Miller is optimistic about the future of cryptocurrencies.

As mentioned in a WealthTrack interview video published on Friday, the businessman revealed that he invested 50% of free assets in the purchase of BTC and shares of related companies, such as MicroStrategy and Stronghold Digital. The other half of the portfolio consists mainly of Amazon stock.

His investments are based on some well-known reasons:

“I think the average investor should ask himself or herself, what do you have in your portfolio that has that kind of track record – number one, is very, very under-penetrated; can provide a service of insurance against financial catastrophe that no one else can provide and can go up 10 times or 50 times? The answer is: nothing”

• Spot trading: On the spot trading front, Bitcoin (BTC) and Ethereum (ETH) have become top dogs. Theta Network (THETA) is following these two head on with Chainlink (LINK) and Decentraland (MANA) taking fourth and fifth places.
• Derivatives: Bitcoin (BTC) and Compound (COMP) have become the most traded currencies as to trading derivatives. Axie Infinity (AXS) is trailing in third two head to head with Cosmos (ATOM) and yearn.finance (YFI) in fourth and fifth places.

New Listings on Binance:

• Moonbeam (GLMR/USDT GLMR/BUSD GLMR/BTC)

New Listings on KuCoin:

• Love Coin (LOVE/USDT)
• Pledg (PLGR/USDT)
• Revuto (REVU/USDT)
• ClearDAO (CLH/USDT)

New Listings on Kraken:

• Moonbeam (GLMR/USD GLMR/EUR)
• Kintsugi (KINT/USD KINT/EUR)

By the way, our PRO plan includes new Exchange Listing alerts for more than 30 exchanges in our app. Become a PRO and receive an instant notification when a new coin is listed on the exchanges you’re interested in.

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Baby Doge Coin is a cryptocurrency brought by fans of the Doge Meme online community. As to the coin’s website “Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness”. This “hyper-deflationary” token with static reflection rewards holders, so more baby doge coins are being automatically added to your wallet each transaction. 5% from each transaction is automatically redistributed to BabyDoge holders.

🔍 DYOR

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SushiSwap (SUSHI) is an example of an automated market maker (AMM) token. It was created as a fork of Uniswap, the AMM that has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap intends to diversify the AMM market while also introducing new features not seen on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

👉🏻 Recent announcements:

• SushiSawp Price Analysis: Rising Channel Pattern Leads Recovery Rally In SUSHI
• Factors prove favorable to Sushiswap growth

🔍 DYOR

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We have prepared top-performing coins as of January the 13th for you!

Toncoin has managed to become the best performing asset among TOP-100, gaining 34.75% within the last 24 hours.

Internet Computer was the worst-performing asset among TOP-100, losing 1.97% within the last 24 hours.

Top cryptomeme of the week

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