Dear Teroxx Community,

This week we witnessed a digital assets market which experienced upswings due to the generally slightly positive global market sentiment.

Weekly overview

As usual, we are also providing detailed videos for those who want to delve deeper into the subject.

Digital Asset News

In this will be published the data on the U.S. consumer price index for December.
But already this week the data on the purchasing managers index and employment figures in the U.S. out. So there’s a lot to keep an eye on.
In the short to medium term, inflation will decline, according to the CME Group’s FedWatch tool. That gives risk assets room to develop.
The U.S. central bank has not yet signaled that it will stop raising interest rates. However, the jumps have become smaller. Once there are such signals, risk asset sentiment should improve.
Investor Miachel Burry, however, believes that inflation is not done yet. “Inflation has reached a peak. But this is not the last spike of this cycle,” he warned in a Jan. 2 tweet.
“The consumer price index will likely be lower, possibly even negative in H2 2023, and the U.S. will go into recession.” The Federal Reserve will cut interest rates and the government will stimulate the economy. And there’s another inflation spike. It’s not hard to do.”

The head of the French central bank is calling for stricter regulations on crypto companies in France in light of recent developments in the crypto industry.
Francois Villeroy de Galhau made the relevant remarks in a speech in Paris on January 5. In it, the central bank chief recommends that France should not wait until the European Union’s (EU) new crypto regulation comes into force to introduce a mandatory licensing process for digital asset service providers – crypto service providers. The EU’s proposed crytpo regulation – the Markets in Crypto Asset (MiCA) – has already been approved, but will not take effect until 2024 at the earliest.
As Bloomberg reports, Villeroy is therefore already taking the French crypto industry to task based on its recent scandals: “All the chaos of 2022 clearly shows: it is imperative for France to introduce a mandatory licensing process for DASPs as early as possible, instead of just requiring their registration as it is now.”
France is thus seamlessly continuing its “pro-blockchain” policy and establishing itself as a major hub for digital assets.

Last year, Ethereum eclipsed Bitcoin in terms of transaction volume. In terms of search queries online, however, Bitcoin maintained its lead.
According to Jan. 2 data from Nasdaq and Ycharts on Reddit, there were 338 percent more Ether transactions in 2022 (408.5 million) compared to Bitcoin transactions (93.1 million).
The values on the chart are shown in millions. On average, there are about 1.1 million transactions per day for ETH and 255,000 for BTC.
However, the volume of transactions on the Bitcoin network is more consistent and regular than Ethereum. There, there was significantly more volatility in terms of transaction volume. This is due to spikes in demand at certain times, such as NFT releases, and other fee-intensive events, such as XEN mining.
Ethereum’s significantly higher transaction volume continues into the new year. As of Jan. 2, the network counted 924,614 transactions, up 300 percent compared to the 229,191 transactions on the bitcoin network.

Technical term of the week

KYC & Verification: Describes the need for users to complete “know-your-customer” verification in order to use all features of the Teroxx Wallet app. These are regulatory requirements that provide security on both sides. Therefore, we always ask that you verify yourself as a user so that you can take full advantage of the many features in the Teroxx Wallet App.

Digital Asset Markt

Last week saw market movements that initially brought little change to the market, followed by minor upswings due to the slightly positive global financial markets.The new year began quietly for most digital assets, as well as markets. Little trading volume, only minor price movements and a low volatility range dominated the first trading days and the first week of 2023. Due to the slightly positive underlying sentiment in the market, as well as the at least temporary end of the sell-offs provided fresh capital in the market, in line with the upswings in the stock markets for a slightly positive week. Bitcoin is currently hovering around ~$17,000 and could break through an initial resistance there and ideally establish a new support zone above this level.


Bullish outlook: Falling inflation data from the U.S. on Thursday could provide further upside.

Bearish outlook: Surprising (negative) inflation data could provide a small “shock” to the market.