WEEK 51: Under Armour to 'Steph' into the Metaverse 👟 Dorsey supports Bitcoin 🤑

Bitcoin is currently trading at $49,210.54 and has rejected the $45,000 level twice. But BTC has been in a constant downtrend since it plummeted from $57,000 to $41,980. DOGE is currently trading at $0.1729 and has rejected the $0.1612 level twice. DOGE has been in a downtrend since it skyrocketed from 0.1584 to 0.2205 on the 14th of December.

Top 5 cryptos of the day:

• BTC 1.0.5%
• ETH 0.78%
• SOL 3.75%
• XRP 7.75%
• LUNA 12.68%

Biggest gainers:

• ANT 34.65%
• REN 30.51%
• IOTA 16.57%
• CRV 14.90%
• ATOM 12.44%

Biggest losers:

• XMR -3.95%
• DCR 3.04%
• YFI -4.61%
• NMR 0.37%

Kraken acquires Staked

Kraken, the cryptocurrency trading platform has acquired Staked, the staking platform in a deal that the former considers being one of the largest crypto acquisitions to date.  

Dorsey Backs Bitcoin

Jack Dorsey recently replied to a tweet by Cardi B when she asked if Bitcoin would replace the dollar. Co-founder and former CEO of Twitter replied with a short "Yes, Bitcoin will".

Steph Curry and Under Armour to step into the Metaverse

Golden State Warrior star Steph Curry is partnering up with Under Armour to release an NFT honoring the basketballer's record as the all-time top three-point shooter. Under Armour is planning to release 2,974 NFTs of "Curry Flow 9", the sneakers he was wearing while he broke the record.

Dubai to set up a crypto zone

The Dubai World Trade Centre plans to turn itself into a crypto regulator for cryptocurrencies and other digital assets in a new move to attract new businesses as the competition is heating up. Binance is one of the first to join this initiative.

Interesting financial reads:

The World Bank Will Finance COVID-19 Vaccines for 20 Million Peruvians

Finance minister Nirmala Sitharaman to hold pre-budget consultations with leading economists

India has the 4th largest foreign exchange reserves in the world

As global funds shun India, the rupee turns into the worst currency in Asia

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