Bitcoin

And in other news today... why are crypto ATMs suddenly shutting down in Singapore?

"Further weakness may motivate these underwater sellers to finally capitulate," Glassnode warns in its weekly report.

The machines are being targeted by regulators who say crypto trading "is highly risky and not suitable for the general public."

All of this comes as a number of big players seek to democratize the world of Bitcoin mining, which has come under criticism for being dominated by a small number of operators.

Milo says customers will be able to pledge their Bitcoin to snap up property — unlocking low interest mortgages that last for 30 years.

Plus, a Bitcoin conference is offering a free trip to space for one lucky attendee.

Just 20% of Salvadorans believe that the country's economy has improved since Bitcoin was given the same status as the U.S. dollar.

Everyone who attends the North American Bitcoin Conference, which is being held in Miami from Jan. 17-19, will be entered into a draw.

Plus... will PayPal face the same regulatory hurdles as Facebook as it explores plans to launch its own stablecoin?

"Mining isn’t accessible to everyone. Bitcoin mining should be as easy as plugging a rig into a power source," Dorsey said back in October.

Also today, a miner beats odds of 1 in 1.36 million and gets chosen to add the next block to the Bitcoin blockchain — earning $266,000.

The U.S. Consumer Price Index increased by 7% in December, marking the fastest year-on-year gains since 1982.

In cash terms, El Salvador's Bitcoin buys have cost $73.2 million — but at the time of writing, this BTC is worth a mere $60.7 million.

To put this achievement into context, a miner with 126 TH/s would statistically face a wait of 9,500 days if they began using their equipment today… that's 26 years.

The world's biggest cryptocurrency was trading at $42,035 at the time of writing on Tuesday — with one analyst telling Bloomberg that BTC has had a "pretty shocking start to 2022."

Bill Miller initially started owning BTC back in 2014 when a single coin was priced at $200.

There had been concerns that a plunge below $40,000 would cause sell-offs to escalate, inflicting further misery on crypto investors.

Bitcoin Magazine says "it's a bit ironic" that Tesla is concerned about BTC's energy sources.