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Crypto Daily Report – January 18

Jan 18, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightJanuary 18, 2022The crypto market is down 3.35% this morning, representing nearly a $70B reduction in market cap. Ethereum (-4.43%) and alts are leading the declines with Bitcoin (-2.82%) not far behind. While funding rates are now positive for perpetual futures contracts, short positions on both BTC and ETH remain elevated near multi month highs.Coinbase announced a partnership with Mastercard that will allow customers to purchase NFTs with traditional debit and credit cards. The aim of the partnership is to lower the barriers of entry into NFTs, given most NFT marketplaces require crypto for payment. It is expected that Mastercard will still charge its standard transaction fees for NFT purchases which remain elevated compared to crypto-based payment options that leverage technologies like Lightning Network.BitMEX group signed an agreement to purchase a 268-year-old German bank, Bankhaus von der Heydt. If approved by German regulators, BitMEX plans to use the bank to expand its European footprint by building out a fu

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