January 2021 Newsletter
Happy Year of the Tiger to those celebrating Lunar New Year this week.
Considering the market mayhem, Twitter’s NFT nod, and the development of DAOs, this Year of the Tiger has certainly started with a roar. (Sorry, we had to.)
ICYMI: Simplified Trading Limits
This month, we improved your Exchange experience with simplified trading limits. These changes will enable you to trade more without sacrificing security. They provide an important layer of protection against financial loss from errors and fraud. These improvements simplify and provide greater transparency on trading limits.
ICYMI 2: Welcoming Two New Board Members
Our Board of Directors welcomed two new faces: Marcie Vu and Tom Horton.
Marcie Vu has helped some of the biggest consumer platforms and marketplaces reach scale and IPO. A veteran of tech and finance, she’s made a career leading M&A and IPO deals for brands like Alibaba, Amazon, eBay, Google, Facebook, LinkedIn, Zappos and many others.
Tom Horton, already the Lead Independent Director of Walmart and GE, will join the board as our Lead Independent Director. Tom’s specialty is running and scaling complex multinational companies. He previously served as CFO and later CEO of American Airlines and has since worked for companies like AT&T and Qualcomm.
The Bottom Line
The crypto markets have already turned heads this month with a [20%] drop mid-month to $32,982.11, an almost 50% drop from all-time highs.
Head of Research, Garrick Hileman noted in our January Market Outlook report that historically, markets have often struggled to hold gains in the years following a bull run. While it is still early in the year, the trend seems to be holding.
Feature Of The Month: NFT Marketplace + Waitlist
Last month we offered early access to the Wallet’s NFT Marketplace.
As creators, celebrities, and brands build on NFT momentum, we will likely see it continue as a major narrative within crypto. We’re stoked to help millions of people access this emerging technology right in their Wallet.
Sign up today to get first access to the Blockchain.com NFT Marketplace.
As the crypto markets move sideways, partnerships, building, and adoption continues at a breakneck pace.
On January 20th, Twitter announced the launch of NFT profile pictures. You’ll see these dotting your feed by way of a slick hexagon. Tapping on the profile picture leads to details about the art and it’s ownership.
New York City Mayor Eric Adams received his first paycheck this month, which was said to have been automatically converted into ether and bitcoin. In a statement, Adams said, “New York is the center of the word, and we want it to be the center of cryptocurrency and other financial innovations”.
BFF DAO launched this month with our very own Chief Administrative / Legal Officer, Lindsey Haswell, as a founding member. This extraordinary group is on a mission to help women and non-binary people get into crypto and they’ve already hosted their first event.