In the January 31, 2022, episode of “Crypto Pirates Daily News,” various developments in the cryptocurrency world were discussed. The report highlighted the Fear and Greed Index indicating extreme fear in the market, suggesting it may be a prime time for investors to buy the dip in cryptocurrencies like Polygon (MATIC). Aleksandar Svetski, co-founder of a Bitcoin investment app, shared insights on who should consider selling $BTC, emphasizing those lacking confidence in its future should cash out. The segment also explored how to conduct research on cryptocurrencies, warning against hype and advising potential investors to scrutinize whitepapers for legitimacy.
Meta (formerly Facebook) registered trademarks for crypto-related products, aiming to enter the cryptocurrency space. Additionally, concerns arose as Binance restricted accounts of 281 Nigerian users due to international law enforcement requests, raising issues about user security.
The DeFi platform Qubit was notably affected by an $80 million hack, as it pleaded with cybercriminals to return the stolen funds. Speculation surrounding Shiba Inu’s potential rally in 2022 was also discussed, along with the controversies surrounding Coinbase’s listing practices, which some argue could give unfair advantages to certain assets.