The last week of January was an eventful one for altcoins, while bitcoin has been relatively stable.
The "joke" cryptocurrency Dogecoin has entered the top-10 coins in market capitalization for a brief period.
Its exchange rate rose by 470% overnight. We still don’t know the reason for it. Reddit users, the WallStreetBets community, even Elon Musk – they all intertwined here. One way or another, Dogecoin’s rate and capitalization are now stabilizing, and the coin has descended back to 16th place.
Meanwhile, XRP has suddenly risen 60% in value and edged out Polkadot in terms of capitalization.
The coin's trading volume has significantly increased as well. Ripple has also filed a response to the SEC's lawsuit stating that the allegations of unregistered securities are based on an unsubstantiated legal theory.
Miners found out that it was possible to mine ether quite successfully on a laptop with an Nvidia GeForce RTX 3060 graphics card.
The GPU gave a performance of 48.99 MH/s after overclocking. Baidu website has even showcased a series of photos of the mining farm packed with GeForce RTX 3080 laptops.
A US cryptocurrency exchange Coinbase will enter the stock market through direct listing.
An initial public offering (IPO) announcement was made back in December. At the end of January, Coinbase representatives confirmed that the company will soon go public with a direct listing of Class A shares.
MicroStrategy is going to continue to invest its spare cash in BTC.
The company will be considering further opportunities to invest in the 1st cryptocurrency. MicroStrategy CEO Michael Saylor tweeted that the innovative decision to make bitcoin a major reserve asset has made MicroStrategy an authority in the cryptocurrency market and fueled interest in the organization.
A Russian oil company Tatneft is considering profits from mining cryptocurrencies.
Engineer Irek Kiramov believes that the company has an oversupply of energy capacity, so it is possible to diversify production and mine cryptocurrency in addition to oil. The idea is still under consideration.
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