Results of the month. What happened in January?
From this day on, we are launching a separate summary section in which we will discuss the results of the past month. Indeed, today’s cryptoindustry is developing so rapidly that it certainly does not hurt to consolidate the events that have taken place. Legal proceedings, change of market leaders and incredible growth of cryptocurrencies – all this happened in January and we will talk about all this below. So, without further ado, let’s get started.
Trials with digital companies in January
First, I would like to recall the serious litigation between Bitfinex, Tether, on the one hand, and the American judicial system, on the other. The conflict, which began in 2019, turned into a protracted confrontation that continues to this day. But it was in January that the project representatives announced that they were ready to openly publish their own statistics on all operations for 2019 and 2020, including even transfers for the beginning of 2021. Recall that the Bitfinex digital platform is accused of concealing a considerable amount received from investors. According to the prosecution, the company worked in cooperation with the Tether cryptocurrency.
But firms sharply deny all the complaints presented, explaining the loss of funds by the banal negligence of their own users. That is, the exchange says that only investors who mishandled assets are to blame for the disappearance of funds. But not the organization itself. Read a similar analysis of this event in this article. The young company BitDigital also found itself at the center of a major scandal. Users of this mining service reproach the company for delaying payments, conducting shadow accounting and even stealing funds. With a corresponding statement, angry investors turned to the US courts, which should consider the activities of BitDigital and establish the nature of the claims. We wrote more about this in a separate article.
Aave token and its triple growth
Now for the more pleasant news. The sphere of decentralized applications redistributed the attention of users, the asset of the company Aave came to the first position in terms of turnover and growth rates. This is a service for providing digital loans that help novice traders and miners in the formation of their first capital. The project received positive reviews from many partners, and ordinary users enjoy using the functionality of the organization. In January, the company summed up the results of the first month, after which it became clear that the difficult 2020 allowed the company to increase its own potential by 3 times from the beginning of 2021. This is a phenomenal indicator that directly shows the audience’s interest in distributed applications.
Bitcoin is stronger than ever
January was also crucial for the first coin. The asset has renewed its historical maximum value several times, fixing itself at completely different price levels. At first, the currency conquered the mark of 35 thousand, then it reached 40 thousand dollars apiece. The subsequent price correction was able to lower Bitcoin only to the level of $ 29,355. Then the interrupted growth resumed and at the moment the cost of the crypt is $ 33,406. But we are sure that this is not the limit, and in February 2021 the asset will show that it is capable of more.
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