🔎 On January 9, Nigerian citizens were banned from ATM withdrawals of more than 20,000 Naira (about $43.50) per day, and the weekly limit is 100,000 (about $217). Because of this, the price of 1 BTC on the Nigerian crypto exchange NairaEX grew to 17.7 million Naira, approx. $38.6k.

📊 Meanwhile, Google trends show a spike in interest in Nigeria to buy Bitcoin.

Are there any @Bitcoins subscribers from Nigeria🇳🇬? Show yourself!

BAYC investors have less than a week to join class action against Yuga Labs.

The new class action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors.

https://cointelegraph.com/news/bayc-investors-have-less-than-a-week-to-join-class-action-against-yuga-labs

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German finance giant DekaBank will offer bitcoin products to its institutional customers.

https://bitcoinmagazine.com/business/german-bank-dekabank-to-offer-bitcoin

📍 Follow @Coins for the hottest news in crypto.

MetaMask has launched MetaMask Learn.

MetaMask Learn is a free-to-use educational platform available in 10 languages for anyone interested in learning about web3.

https://learn.metamask.io/

📍 Follow @Coins for the hottest news in crypto.

Meta will likely cap 2022 with another bunker-busting loss on its metaverse efforts when it reports results tomorrow.

Analysts expect a full-year loss of nearly $14 billion from Reality Labs, which Facebook parent company Meta created to work on its VR/AR hardware and software projects.

Mark Zuckerberg, who pursued layoffs last year and has made no bones about the cost of realizing the firm’s metaverse ambitions, said in October that such losses were anticipated.

Still, Zuckerberg claimed some cause for optimism. “We expect Reality Labs expenses will increase meaningfully again in 2023,” he said at the time.

The high spend at Reality Labs is expected to continue devouring Meta’s operating income, analysts say.

📍 Follow @Coins for the hottest news in crypto.

$466 billion: That’s the dollar amount worth of crypto derivatives traded by users of the dYdX exchange, according to a new report.

Traders posted $466.3 billion in cumulative transaction volume and created $137.8 million in fee revenue over the course of 2022.

The platform's cumulative volume rose 140% year-over-year (YoY) compared to $322 billion in 2021.

dYdX currently exists on Ethereum Layer 2 network StarkEx, but soon plans to transition to its own blockchain within the Cosmos ecosystem.

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–10K+ ETH in 30 days, truly deflationary.

📍 Follow @Coins for the hottest news in crypto.

Tokensoft is replicating its platform as smart contracts on six blockchains.

The technology will be available on-chain on Ethereum, Celo, Arbitrum, Optimism, Polygon and Avalanche.

https://www.coindesk.com/business/2023/01/31/crypto-issuance-startup-tokensoft-brings-its-token-launchpad-on-chain/

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🔥Found new distribution🔥

1inch | 1INCH
Token Contract: 0x11111...120c302
Transaction: 0x12e4f...d44e392
From: 0x5e89f...c7cd7d1 to 14 addresses
Total amount: $3,083,681 (0.77% of Market Cap)

Current Price: $0.5010
Market Cap: $399,457,431
24h Volume: $14,612,447

📍 Follow @Coins for the hottest news in crypto.

Jim Cramer Declares Bull Market: Is It Time to Sell?

Watch: https://www.cnbc.com/amp/2023/01/31/jim-cramer-says-were-in-a-bull-market-so-buy-on-the-dip.html

📍 Follow @Coins for the hottest news in crypto.

We just had the second-best January in Bitcoin's history since 2013.

📍 Follow @Coins for the hottest news in crypto.

Toyota sponsors a global Web3 hackathon amid blockchain advancement

https://www.cryptopolitan.com/toyota-sponsors-astars-global-web3-hackathon/

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One of South Africa's largest retailers, Pick n Pay, now officially accepts Bitcoin and Lightning payments in all its stores.

https://twitter.com/bitcoinmagazine/status/1620767441164054529

@Bitcoins

BNB Chain unveils BNB Greenfield whitepaper today.

BNB Greenfield is decentralized storage infrastructure within the broader BNB Chain ecosystem where users and dApps can create, store and exchange data with full ownership to form a new data economy.

📍 Follow @Coins for the hottest news in crypto.

FOMC in 30 min, anticipation = - 25bps hike

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$META (Facebook) metaverse division lost $13.7 billion in 2022.

📍 Follow @Coins for the hottest news in crypto.

$COIN is up 95% up YTD. Cut the noise, start buying/DCA'g. We could have a generational wealth making opportunity around the corner.

📍 Follow @Coins for the hottest news in crypto.

As expected, the Fed announced a rate hike of 25 bps. The statement has repeatedly emphasized that it will adhere to the ultimate goal of 2% inflation. Markets expect to raise interest rates again in March and May. Crypto rose briefly after the FOMC announcement.

📍 Follow @Coins for the hottest news in crypto.

Coinbase: We recently shared that we are pausing creator Drops on the NFT marketplace to focus on other features and tools that creators have asked for.

To be clear: We are not shutting down the Coinbase NFT marketplace.

📍 Follow @Coins for the hottest news in crypto.

📍 Follow @Coins for the hottest news in crypto.