Mitchell Lindsay

Hedera to Host Community Call on January 31st Hedera will host a community call on Discord on Janaury 31st at 17:00 UTC. The event will feature Hedera’s COSO Andrew Aitken discussing the company’s open source strategy. Additionally, Swirlds Labs' CMO Christian Hasker and Calaxy Co-Founder Solo Ceesay will be discussing Davos2024. Refer to the official tweet by HBAR: Hedera 📷HBAR is a decentralized public network that allows individuals and businesses to create powerful decentralized applications (dApps). Its native cryptocurrency is HBAR, used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.Hedera stands out from other blockchain technologies due to its use of hashgraph consensus, which promises the benefits of blockchain – decentralization, distribution, and security through hashing – with enhanced speed, efficiency, and scalability. This technology enables Hedera to process thousands of transactions per second in contrast to traditional blockchains, making it an appealing option for enterprise use cases. CoindarCrypto Read more from Coindar #CryptoNews

Deutsche Bank Survey: Over One-Third of Respondents Expect Bitcoin to Fall Below $20,000 Respondents Expect Bitcoin to Fall Below $20K According to a Deutsche Bank research report which includes a survey conducted from Jan. 15 to Jan. 19, the majority of respondents anticipate a further decline in bitcoin’s price, Bloomberg reported. The survey, which questioned 2,000 individuals in the U.S., U.K., and the Eurozone, focused on their perspectives on bitcoin’s price and volatility. The survey showed that over one-third of respondents believe bitcoin will drop below $20,000 by January next year. Meanwhile, approximately 15% of survey participants expect BTC’s price to range between $40,000 and $75,000 by the end of the year. Deutsche Bank analysts Marion Laboure and Cassidy Ainsworth-Grace explained in the report that new spot bitcoin exchange-traded funds (ETFs) are expected to expand the institutionalization of the bitcoin. However, they noted that the majority of ETF flows have come from retail investors. The price of bitcoin pushed above $47K in anticipation of the approval of spot bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. However, following the approval, BTC dropped below $40K on Monday and $39K on Tuesday. The crypto has since recovered slightly. At the time of writing, BTC is trading at $41,815. Many people believe that the approval of spot bitcoin ETFs along with the halving in April will significantly boost the price of bitcoin. Ark Invest sees a higher probability of bitcoin soaring to $1.5 million. Fundstrat says bitcoin is headed for $150K and could hit $500K in five years. Standard Chartered Bank said earlier this month that BTC could rise to $200K next year. Moreover, asset management firm Vaneck expects bitcoin to achieve record highs if Donald Trump is elected president of the U.S. in the November presidential election. Meanwhile, crypto adoption continues to grow. A recent report found that the number of crypto owners globally reached 580 million at the end of last year. #CryptoNews

The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,”