Crypto Market Update (Jan 11)

24-Hour Crypto Prices:

BTC – $41,957.78 +0.7% 📈

ETH – $3,097.55 -1.6% 📉

BNB – $427.16 -2.5% 📉

SOL – $136.18 -3.1% 📉

Top Crypto Gainers:

NEAR – $16.03 +19.9% 📈

ROSE – $0.375 +10.2% 📈

ATOM – $37.72 +6.8% 📈

Top Crypto Losers:

OHM – $191.89 -24.3% 📉

AR – $46.49 -10.1% 📉

CVX – $35.51 -8.9% 📉

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Billionaire investor Bill Miller has allocated 50% of his net worth to Bitcoin and related investments. Miller initially bought Bitcoin back in 2014 when BTC was trading for $200 and has since acquired more over time. Miller declared he began refocusing on BTC after it dropped in price to $30,000 in April 2021.

“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 underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing.”

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Leading global news agency the Associated Press will launch a photography NFT marketplace. Built by blockchain and NFT marketplace provider Xooa, the initial collection will feature the work of current and former AP photojournalists. The initial collection will begin releasing on January 31.

“For 175 years AP’s photographers have recorded the world’s biggest stories through gripping and poignant images that continue to resonate today,” said Dwayne Desaulniers, AP director of blockchain and data licensing. “With Xooa’s technology, we are proud to offer these tokenized pieces to a fast-growing global audience of photography NFT collectors.”

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The Securities and Exchange Commission has fined tZERO $800,000 in penalties for off-market trading. Security token platform tZERO failed to disclose several changes to its operations, including the use of non-U.S. trading information from Blue Ocean Financial Technology (acquired in 2017) and the way it vetted users on to the platform.

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New NFT marketplace LooksRare is ready to challenge market leader OpenSea. LooksRare claims to be a community-focused marketplace that will offer products based on what its users want. OpenSea users that traded 3 or more ETH from June 16, 2021 to December 16, 2021 are eligible for the LOOKS token airdrop. Users can stake LOOKS tokens to earn part of the LooksRare platform’s trading fees.

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