Bitcoin was able to bounce near $8,400+ level. In the daily, it is  evident that there is support near the 10 EMA. Meanwhile, price  maintains its sideways structure and is looking to retest its resistance  around $9,100. A break of the $9,100 resistance is a possible  confirmation of another swing high. Otherwise, price is likely to head  down below $8,400 if it fails to break past resistance.

Global market cap is at $241B, while BTC's market cap is at $158B.

Vodafone, the British telecom giant, has announced its departure from the Libra Association. A  company spokesperson confirmed the departure, stating Vodafone's  commitment to extending financial inclusion is still intact, but they  will now be focusing their efforts on M-Pesa, an African mobile payment  option developed by Safaricom.

Vodafone now joins the long list  of high profile companies to have departed from the Libra Association,  including Visa, PayPal, eBay, Mastercard, Stripe, and Booking Holdings.

The major central banks of six countries have joined a research group on CBDC with the Bank of International Settlements. pic.twitter.com/OEzB10Xr8k— Cointelegraph (@Cointelegraph) January 22, 2020

Six major central banks are collaborating to research central bank digital currencies (CBDCs). The central banks of Canada, the United Kingdom Japan, the  European Union, Sweden, and Switzerland created a group with the Bank  for International Settlements (BIS) to study potential use cases of  CBDCs. The group will include senior representatives from the central  banks and the BIS.

The official announcement states: "The group  will assess CBDC use cases; economic, functional and technical design  choices, including cross-border interoperability; and the sharing of  knowledge on emerging technologies. It will closely coordinate with the  relevant institutions and forums – in particular, the Financial  Stability Board and the Committee on Payments and Market Infrastructures  (CPMI)."

Paxos announced a new feature on Tuesday,  Jan. 21, 2020 that would allow customers to automatically wire transfer  funds from their bank accounts into Paxos Standard or Binance USD  stablecoins. Customers will also be able to wire funds automatically to  their bank accounts by sending PAX or BUSD to their designated address.


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