What Happened Last Night···January 6 Cryptocurrency Morning News

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Graphic = Reporter Park Hye-soo
Graphic = Reporter Park Hye-soo
1. Ripple CEO "75% of new hires are in the US"
Ripple Labs CEO Brad Garlinghouse said through his X account on the 6th that he is expanding his business in the US due to changes in the regulatory environment in the US. Garlinghouse CEO explained that due to the election of Trump, individuals favorable to cryptocurrencies have already been appointed to key positions in regulatory agencies, and this has led Ripple Labs to accelerate its business expansion in the US. Garlinghouse CEO said he has been expanding partnerships in the US since last November, and about 75% of Ripple Labs' new hires are currently in the US.

2. 'Japanese Microstrategy' Metaplanet "Aiming to hold 10,000 BTC by this year"
Metaplanet, a Japanese Bitcoin (BTC) accumulator, announced that it plans to expand its Bitcoin holdings by about 467% to 10,000 BTC this year. Metaplanet CEO Simon Gerovich said through his X account on the 6th that the most profitable model the company can pursue is Bitcoin accumulation, and that it will increase its Bitcoin holdings fivefold. As of the 6th, Metaplanet holds about 1,762 BTC.

3. US Bitcoin hash rate exceeds 40%... Concerns over Bitcoin centralization
Based on data showing that the US Bitcoin hash rate accounts for more than 40% of the total Bitcoin hash rate, there has been controversy both inside and outside the market that Bitcoin is becoming centralized. According to Bitcoin hash rate data released by Bitcoin News on the 5th, the US Bitcoin hash rate, based on large-scale Bitcoin mining facilities located in Texas, accounts for more than 40% of the total Bitcoin hash rate. Based on the US Bitcoin hash rate, cryptocurrency expert 'Mario Napoles Roundtable' pointed out that a high hash rate under the Proof-of-Work (PoW) algorithm means centralization, and that Bitcoin is gradually becoming centralized.

Reporter Kwon Seung-won ksw@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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