Selasa, 14 Januari 2025

📉Bitcoin dips; Meta blocks rival after free-speech vow


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

👀 BTC dips: Investors brace for risks

🤨 Meta blocks rival after free-speech pledge

🎧 Will XRP hit $4 as Gensler leaves and Trump arrives?

📰 Keep reading to find out more about all of today's top stories

Bitcoin price dip below $90K driven by investors bracing for upcoming economic risks

Bitcoin's short-term demand could be muted by global economic risks and fiscal challenges.

Bitcoin experienced significant selling pressure on Jan. 13, falling below $90,000 for the first time in eight weeks. This decline represented a 12.5% price drop over seven days, tempering traders' optimism. Despite this, Bitcoin derivatives metrics signaled a neutral to bearish outlook, suggesting that whales and market makers remained largely unaffected by the downturn.

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A week after committing to free speech, Meta blocks decentralized competitor

Social media giant Meta is blocking links to a competing platform less than a week after the company said it was committing to free expression, raising questions about whether Mark Zuckerberg's firm was sincere in reducing censorship.

According to a 404 Media report, the Meta-owned Facebook has been actively deleting links to a decentralized Instagram competitor known as Pixelfed. All links to pixelfed.social have been labeled "spam" and removed immediately.

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MicroStrategy's BTC debt loop: Genius or risky gamble?

Critics call it heedless; supporters say it's brilliant. Either way, Michael Saylor continues doubling down on Bitcoin.

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Tether will relocate HQ to El Salvador after securing license

Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation.

In a Jan. 13 notice, Tether said it had acquired a license to operate in El Salvador as a digital asset service provider and stablecoin issuer. The company said it planned to relocate its headquarters and subsidiaries to El Salvador due to its "forward-thinking policies, favorable regulatory environment, and [...] growing Bitcoin-savvy community."