📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $43,549
Bitcoin price has launched back up the the mid $43,000s, as US inflation reaches multi-decade highs.
Top-20 altcoins are performing strongly over the last 24 hours, as Ethereum rises 8%, Cardano gains 10% and Shiba Inu surges 15%.
Top Stories for January 12, 2022 🔥
👉 Cash App Now Supports Bitcoin Lightning Network
Block’s Cash App has now integrated support for the Bitcoin Lightning Network, for faster and cheaper transactions.
CEO Jack Dorsey has hinted at Lightning Network integrations for some time, including featuring in a video for Lightning Development Kit – a Lightning Network service by Block subsidiary, Spiral.
👉 US Inflation Rate Reaches 40-Year High Of 7%
The United States Labor Department’s Consumer Price Index (CPI), has officially reached 7.0%, the highest figure since 1982.
Federal Reserve chairman Jerome Powell Has conceded that the current inflation rate is far above the target, and that interest rates may need to be raised if current inflation rates persist.
👉 Swiss Crypto Bank SEBA Raises $120M In Series C Round
Switzerland-based crypto bank SEBA has successfully raised $120 million in Series C funding, led by Altive, Ordway Selections, and Summer Capital.
SEBA will be using the funding to expand internationally and launch new products and services.