Iran and Russia stablecoin, Seoul metaverse, Bitcoin $21,000 mark

Our first TLDR Newsletter for Blockchain, Crypto and Web3

Daily Update 2023-01-17

Crypto

Bitcoin, the largest cryptocurrency by market capitalization, briefly reached the $21,000 mark.

for the first time since the FTX collapse in early November on Monday in early trading hours. The cryptocurrency has since retreated slightly, and is trading around $20,880. Ether also made gains over the weekend and is trading up 17% over the last seven days. While crypto assets surged on Monday, U.S. futures slipped. European stocks rose. 

Binance will allow institutional investors to keep their collateralized crypto used for leveraged positions off the platform, Bloomberg reported on Monday. The exchange will let investors post collateral with Binance Custody, which will hold the assets off the internet in cold storage wallets, the report added.

Web3

Seoul government opens city's metaverse project to public.

According to Seoul Mayor Oh Se-hoon, the virtual environment will allow residents to access official documents, file complaints, and receive answers to questions on filing taxes.