Discover the news of the week [View in Browser]( [logo] Our new accessories, [the Ledger Nano Case]( and [the Ledger Nano Pod]( are now available to order online and in-store as well as at Ledger retailers for your Ledger Nano X and Nano S Plus. Learn more about Nano Accessories [with our blog.]( [Get Your Nano Accessories â](  [NFTs are coming to Bitcoin.]( Ordinals, an NFT protocol, now enables the creation of non-fungible satoshis on the Bitcoin mainnet. Matt Fiebach, Researcher at Blockworks, said ordinal NFTs âmake fungible satoshis non-fungible in this closed-off system,â provoking puristsâ fear that the peer-to-peer network will deviate from its original purpose. [Get secure, in style: your new Nano Accessories are here.]( You asked and weâre delivering! Beyond securing your crypto, we want to make sure your Ledger Nanos remain in perfect condition with a bold, fearless protection for your Ledger. [Twitterâs Decentralized app goes live on the App Store.]( The Jack Dorsey backed app, called Damus, dubs itself âthe social network you control.â It plans to become a social media platform with uncensored content, featuring Bitcoin lightning network payments. [After tough days, Coinbase shares soar again.]( Following the Fedâs latest rate hike, the centralized exchangeâs shares rose 20%, while the companyâs stock has more than doubled since the beginning of the year, highlighting that the companyâs stock price is strongly correlated with Bitcoin. [Charlie Munger, Berkshire Hathaway, says the US should follow Chinaâs lead by⦠banning crypto.]( âA cryptocurrency is not a currency, not a commodity, and not a security,â he said in a Wall Street Journal op-ed, but âinstead a gambling contract with a nearly 100% edge for the house.â [Ukraineâs Prime Minister wants to become a world-leading crypto jurisdiction.]( At Davos, Mikhail Fedorov argued he wants to become the first user of a new CBDC which, he said, is already being tested. âI plan to receive my salary in e-hryvnia,â he added. Â
Bitcoin Had Its Best Year Kick-Off Since 2013. Thank The Fed? Bitcoin, the world's first cryptocurrency, has recorded its best January performance in a decade with a staggering 40% growth. Goldman Sachs, the world leading investment bank, has also named Bitcoin as the world's top-performing asset for the month. This rally is primarily influenced by macroeconomic factors, notably with the Fed [adopting a more cautionary stance]( on rate hikes, improving investor greed for riskier assets. Its recent decision to raise rates by a quarter percentage point, down from the 0.5-point hike in December and 0.75-point increase in November, demonstrates a more measured pace and a willingness to gain a deeper understanding of monetary policy decisions' impact. As Fed Chair Jerome Powell stated during a [news conference]( âWe plan to implement a few more rate hikes to reach a level that we consider to be appropriately restrictive.â According to Kaiko, Bitcoin is deeply macro-driven. Its volatility tends to increase around the release of US Consumer Price Index data, a trend that began in 2022 and exemplified in this graph: Will the correlation between the Fed rates and crypto continue? For Kelvin Koh, co-founder and CIO at Spartan Capital, âwith inflation getting easier in the coming months, we believe the macro and Fed will likely be less of a factor for crypto markets for some time.â According to Clara Medalie, Research Director at Kaiko, âwhile most cryptocurrencies have seen double-digit growth, outpacing equities, this crypto rally is largely driven by Bitcoin.â She also notes that trading volumes reaching their highest level since November âindicate the return of significant capital to the markets.â For Charles Guillemet, CTO at Ledger, beyond macro-indicators, Bitcoin being one of the best performing assets since the beginning of the year is a testament to its unchanging properties: âBitcoin continues to produce one block after the other, every ten minutes. And its value has never changed since then: 1 BTC = 1 BTCâ. Is the bull market back? Itâs not that simple. For some, the market has recently been oversold. As Joe Ziolkowski, CEO and co-founder at [Relm Insurance]( puts it, âthe market is recovering from having been way oversold. As prices dipped to extreme lows, it was clear that both retail and institutional buyers took the opportunity to accumulate a variety of crypto assets.â At this stage, what weâre seeing might be crypto markets returning closer to their fair value, before the next bull market kick-off? [title] You can now stake MultiversXâs native token $EGLD in Ledger Live via our Ledger Live by Figment validator! We've also added support for $MEX, $USDC and $RIDE tokens. Learn more [here](. [@samsungDE]( is offering German customers [via Amazon]( a Web3 Bundle with a Ledger Nano X, along with free mints of artwork from various NFT artists and a $100 Amazon voucher. We love the cats here at Ledger. That's why [@coolcats]( is our next partner for Ledger Quest! Cool Cats holders can soon learn about Web3, earn a PoK NFT & gain access to a custom Cool Cats Nano! Thatâs what our latest [@NinaChanel]( collab looks like Want to know more about
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