Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying:

"I don't need this money for the next 5 to 10 years, but I have to admit sometimes I get so afraid of Bitcoin's future; I mean it crashes or never reach $100k, $200k as the predictions for 2025+ says or at least $55k again lol, and I lose that money, especially when all of my friends, my mom and family call me crazy for investing on it."
https://cointelegraph.com/news/redditors-share-their-thoughts-on-buying-bitcoin-at-all-time-highs

Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases.

According to a Bloomberg report, a comment letter from the SEC released Thursday showed the regulatory body objected to MicroStrategy reporting information related to its Bitcoin (BTC) purchases based on non-GAAP, or Generally Accepted Accounting Principles. The business intelligence firm has been reporting it used these methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets” — essentially, negating some of the effects of the volatility of the crypto market.
https://cointelegraph.com/news/sec-rejects-microstrategy-s-bitcoin-accounting-practices-report

President Nayib Bukele confirmed that the purchase of 410 BTC was made against $15 million, placing the trading price at approximately $36,585 per BTC.

The Central American country of El Salvador has added 410 Bitcoin (BTC) to its central reserve as BTC prices trade below $37,000, a price last seen on July 26th, 2021.
https://cointelegraph.com/news/el-salvador-buys-its-cheapest-410-bitcoin-as-prices-reach-36k

Hodlers busy accumulating
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to hold $49,000 after hitting 10-day highs.

The pair remained stuck in a trading zone only around $4,000 wide, a key factor fuelling bets that a “short squeeze” would hit over the holiday period.
https://cointelegraph.com/news/bitcoin-price-flatlines-as-xrp-hits-1-with-massive-altcoin-move-set-for-2022

OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders, Nadav Hollander and Brendan Forster, will become OpenSea’s new chief technology officer and its head of strategy, respectively.
https://cointelegraph.com/news/opensea-acquires-dharma-labs-and-a-new-cto

Bitcoin (BTC) formed a trading pattern on Jan. 8 that is widely watched by traditional chartists for its ability to anticipate further losses.

In detail, the cryptocurrency's 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called “death cross.” The pattern appeared as Bitcoin underwent a rough ride in the previous two months, falling over 40% from its record high of $69,000.


https://cointelegraph.com/news/will-this-time-be-different-bitcoin-eyes-drop-to-35k-as-btc-price-paints-death-cross

The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan.

Pakistan’s Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities, including the SBP, submitted a document to the court, arguing that cryptocurrencies like Bitcoin (BTC) are illegal and cannot be used for trade.
https://cointelegraph.com/news/pakistan-s-central-bank-reportedly-wants-to-ban-crypto

At the time the first BTC was sent, there wasn’t even a cash value associated with the crypto asset, compared to the more than $43,000 it is on Wednesday, Jan. 12.

It’s been exactly 13 years to the day since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain from creator Satoshi Nakamoto.

On Jan. 12, 2009, with the Bitcoin (BTC) white paper a mere three months old, Satoshi sent Finney 10 BTC — worth next to nothing at the time, but now roughly $440,000. The move, likely a test to determine the viability of the blockchain, was the first in a series of hundreds of millions of transactions in Bitcoin between millions of people across the world.

“When Satoshi announced the first release of the software, I grabbed it right away,” said Finney in a 2013 post on Bitcointalk.org. “I think I was the first person besides Satoshi to run Bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them.”
https://cointelegraph.com/news/today-in-bitcoin-history-13-year-anniversary-of-transaction-between-satoshi-and-hal-finney