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The most important crypto news of the week

Another exciting week in crypto space is coming to an end. The most important events around Bitcoin and Co. at a glance.

Crypto.com fell victim to a hacker attack at the end of the week. In a blog post, Crypto.com commented on the attack that temporarily paralyzed the US trading platform. According to their own statements, the wallets of 483 Crypto.com users were attacked. This would have resulted in unauthorized withdrawals of 4,836.26 ETH, 443.93 BTC and $66,000 in other cryptocurrencies. According to the current status, the total amount of damage thus amounts to around 33 million US dollars and is therefore about twice as high as assumed a few days earlier.

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The Fed is considering a CBDC

After delays, the US Federal Reserve published the crypto-crypto report dubbed the “Discussion Paper” a few days ago. The report focuses heavily on CBDCs and tends to ignore the rest of the crypto space. In the report, the Fed explains the opportunities and risks that could be associated with the introduction of a CBDC.

“A CBDC could serve as a new foundation for the payment system and a bridge between different payment services, both old and new,” the Fed stated. “Also, it could retain the centrality of safe and trusted central bank money in a rapidly digitizing economy,” the US Federal Reserve continued to write.

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Russia wants to ban crypto

The Russian central bank published a report on Thursday in which the currency watchdog calls for a complete ban on cryptocurrencies on its own territory. the Bank Russia justifies her concerns with a threat to the financial stability and the sovereignty of monetary policy in the country. In addition, Bitcoin and Co. are volatile and mostly a financial resource for illegal purposes.

In Russia, there is already a ban on cryptocurrencies as a means of payment. The central bank now intends to extend this ban. As an alternative, they propose using their own digital central bank currency.

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BitMEX buys Bankhaus von der Heydt

The contract is signed, the ink has dried. All eyes are now on BaFin, as their go-ahead for the takeover is still pending. “A standard process” is that, explains an employee of the financial institution Von der Heydt Bank (BVDH), which as one of the oldest local banks is about to change ownership. the BitMEX Group had previously announced the acquisition in a press release.

The Singapore crypto exchange is thus putting out feelers to Europe. The brokerage service had previously been launched in Switzerland BitMEX Link, which is intended to enable trading in digital assets in the Alpine state in the future. The long-term goal is “the creation of a new powerhouse for crypto products in the heart of Europe”, says CEO Alexander Höptner, former head of the Stuttgart Stock Exchange.

You can read more about it in our detailed article.

Crypto market corrects sharply

The crypto market corrected significantly at the end of the week. On Friday, January 21, prices fell by double-digit percentages in some cases. Lead currency Bitcoin, for example, was trading at $38,800 at the time of writing – and was therefore unable to maintain the long-held support at $40,000. In percentage terms, the oldest cryptocurrency corrected by 7.6 percent on a weekly basis.

Things weren’t looking much better in the altcoin sky. The second largest cryptocurrency by market cap, Ethereum (ETH), even fell 8.8 percent. At the time of writing, an ether was available for $2,891. In the top 10, Solana (SOL) was the hardest hit, falling 10.1 percent over the past 24 hours.

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Cryptocurrency tax filing made easy

In the BTC-EHO guide, we show you the best tools for creating crypto tax reports automatically and easily.

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