Forbes - Expanding horizons 🌅

CryptoCodex


	Good Tuesday morning. This is Billy Bambrough, gettting you up to speed with the bitcoin and crypto latest.


	Was this newsletter forwarded to you? Sign up here! Got a crypto-curious friend? Forward Codex to them to help get them up-to-date and ahead of the market!

24-hour crypto market snapshot

$49,144

$3,910

$553.76

$90.87

In limbo 🔄


	Cryptocurrency prices wobbled last night, with bitcoin's steady decline over the last 24 hours taking a turn for the worse. The bitcoin price dropped under $50,000, dragging down the wider crypto market and pushing ethereum back under $4,000. Both are down about 3% on this time yesterday. The rest of the crypto top ten, as measured by CoinMarketCap, are down between 3% and 6%, with recent winners terra's luna and polkadot leading the major market lower. One sole climber is Binance's BNB, which has added just over 1% on this time yesterday, with traders cheering Binance's latest regulatory developments (see below for details). Now read this: Washington grapples with how to expand crypto oversight

When you make a purchase through links in this email, the author may earn a commission.

Holiday Sale! Save Up to $475

Anyone following crypto knows how volatile the market can be. Forbes CryptoAsset & Blockchain Advisor looks at the universe of viable crypto assets with proprietary analysis and insider crypto knowledge to guide you to the best choices. Set yourself up for success in the new year and learn how to make smart investments on this breakthrough technology by leveraging deep-dive interviews and more to further establish your portfolio and fuel profits.

For successful subscription, disable your adblocker

Join Forbes Crypto Asset & Blockchain Advisor

Binance builds bridges 🇨🇦 🇧🇭


	Green lights: Binance, the world’s largest cryptocurrency exchange that's attracted regulatory scrutiny this year due to its rapid growth and unconventional corporate structure, has been green lighted by regulators in Bahrain and Canada for its affiliates to operate in the two countries—the latest in a growing list that shows Binance is trying to get onside with regulators around the world. Read the full story on Forbes. Zoom out: Bahrain, the Gulf’s smallest economy, has already established itself as cryptocurrency leader in the Middle East, licensing its first crypto-asset platform in 2019. Why it matters: Binance's move underscores the exchange's increased focus on the Middle East. Desert power: In recent months, Binance executives have held talks with regulators in the United Arab Emirates about a potential headquarters in the country, it was reported by Bloomberg, and last week Binance struck a deal with the Dubai World Trade Centre Authority to cooperate on virtual asset regulation. Earlier this month, Binance said it will launch a new digital asset exchange in Indonesia through a joint venture with a consortium led by MDI Ventures, an investment arm of Telkom Indonesia. Now read this: Welcome To The Metaverse

Billionaire issues fiat warning 💱



	Mexican billionaire Ricardo Salinas Pliego wants people to stay away from fiat currencies Getty Images


	💵 Mexican billionaire Ricardo Salinas Pliego has told his Twitter followers to avoid fiat currencies, calling them "fake money [made] of paper lies." 🗣️ "Stay away from fiat money," Salinas said in a Spanish-language video posted to Twitter. "The dollar, the euro, the yen, the peso—all are the same story. It's fake money [made] of paper lies, and the central banks are producing more money than ever. Invest in bitcoin." 🏦 Earlier this year, Salinas said his bank Banco Azteca was in the process of becoming the first in Mexico to accept bitcoin, however, Mexico's central bank then issued a statement saying that virtual assets like bitcoin are not legal tender and that financial institutions were not authorized to offer crypto transactions. Now read this: In 2021, Congress Has Introduced 35 Bills Focused On U.S. Crypto Policy

	Billy Bambrough
	Forbes Senior Contributor

I am a journalist with significant experience covering technology, finance, economics, and business. I write about how bitcoin, crypto and blockchain can change the world.

Follow me on Twitter or email me.

You’ve received this email because you’ve opted in to receive Forbes newsletters.

Unsubscribe from CryptoCodex.

Or, manage your paid subscriptions on your Forbes profile here.

Manage Email Preferences | Privacy

Forbes Media | 499 Washington Blvd.

Jersey City, NJ 07130

Forbes - Expanding horizons 🌅

Older messages

You’re Invited To ForbesWomen | News And Analysis About Women Rewriting The Rules

More Micro Funds Actually | AgentSync Becomes A Unicorn | Crypto Investing Continues To Amaze

DAO revolution ✊

The Biggest Career Crashes| Omicron Cancellations | A look ahead to 2022

Bitcoin Down, XRP Up | DeFi Heats Up

You Might Also Like

☕ Great chains

Pete Hegseth's confirmation hearing.

Honourable Roulette

📬 No. 62 | What I learned about newsletters in 2024

⚡️ ‘Skeleton Crew’ Answers Its Biggest Mystery

I Tried All The New Eye-Shadow Sticks

How To Stop Worrying And Learn To Love Lynn's National IQ Estimates

☕ Olympic recycling

Ozempic has entered the chat

How a major bank cheated its customers out of $2 billion, according to a new federal lawsuit