{"id":9684,"date":"2024-01-24T08:30:19","date_gmt":"2024-01-24T08:30:19","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=9684"},"modified":"2024-01-24T08:30:19","modified_gmt":"2024-01-24T08:30:19","slug":"mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition\/","title":{"rendered":"Mt. Gox Compensation, BIS Tokenization, and Trump&#8217;s CBDC Opposition"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Yesterday,<a href=\"https:\/\/www.btse.com\/en\/trading\/BTC-USDT\"> Bitcoin (BTC)<\/a> experienced a significant drop below the crucial $40,000 support level &#8211; the first such occurrence in 50 days. The question on everyone\u2019s lips: will the downtrend continue? The impending $4.5 billion BTC monthly options expiry scheduled for January 26 is poised to play a pivotal role in determining the persistence of the ongoing downtrend. Interestingly, despite Bitcoin&#8217;s recent decline, the U.S. stock market achieved an all-time high on January 22. This discrepancy suggests that the factors influencing Bitcoin&#8217;s performance might not be directly tied to the broader macroeconomic landscape.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>What to Watch Out for Today<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><b><\/b>1. <a href=\"https:\/\/beincrypto.com\/mt-gox-email-bitcoin-compensation\/\"><b>Mt. Gox Crypto Compensation Coming Soon?<\/b><\/a><span style=\"font-weight: 400;\">: Victims of the Mt. Gox exchange collapse may finally receive compensation, with circulating emails hinting at BTC\/BTH repayments. The collapse in 2014 resulted in the loss of 850,000 Bitcoins worth $272 million, now valued at $33.9 billion. Speculation surrounds the potential impact on Bitcoin\u2019s price, with some expressing positive views on regulatory reinforcement, particularly in light of the swift and regulated response to the well-known collapse of the FTX crypto exchange.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>2. <a href=\"https:\/\/www.theblock.co\/post\/274009\/bis-confirms-tokenization-project-as-part-of-six-projects-for-2024\"><b>BIS Unveils Tokenization and CBDC Privacy Projects<\/b><\/a><span style=\"font-weight: 400;\">: The Bank for International Settlements (BIS) Innovation Hub introduces \u2018Project Promissa\u2019, a collaboration for digital tokenized promissory notes. Simultaneously, Project Aurum focuses on retail central bank digital currency (CBDC) privacy, intending to advance central banks&#8217; understanding of privacy in CBDC systems. Both initiatives aim to leverage blockchain for financial instruments and privacy, reflecting growing interest and innovation in CBDCs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>3. <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/01\/23\/trump-reiterates-anti-cbdc-stance-credits-vivek-ramaswamy-for-policy-guidance\/\"><b>Trump Reiterates Opposition to CBDCs<\/b><\/a><span style=\"font-weight: 400;\">: Donald Trump emphasizes his stand against CBDCs, crediting crypto-friendly but CBDC-opposed candidate Vivek Ramaswamy for influencing this stance. Trump emphasized that a CBDC could pose a threat to freedom by giving the federal government control over money. While CBDCs are not central in the 2024 U.S. presidential race, recent candidate withdrawals may lessen crypto&#8217;s prominence in discussions. Trump&#8217;s pledge against CBDCs aligns with a broader Republican sentiment, potentially impacting the crypto regulatory landscape.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">For more daily news, join our Telegram news channel <\/span><a href=\"https:\/\/t.me\/btsenews\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i> or on X @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i><span style=\"font-weight: 400;\">Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, Bitcoin (BTC) experienced a significant drop below the crucial $40,000 support level &#8211; the first such occurrence in 50 days. The question on everyone\u2019s lips: will the downtrend continue? The impending $4.5 billion BTC monthly options expiry scheduled for January 26 is poised to play a pivotal role in determining the persistence of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-9684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-bytes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mt. Gox Compensation, BIS Tokenization, and Trump&#039;s CBDC Opposition &#8212; BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mt. Gox Compensation, BIS Tokenization, and Trump&#039;s CBDC Opposition\" \/>\n<meta property=\"og:description\" content=\"Yesterday, Bitcoin (BTC) experienced a significant drop below the crucial $40,000 support level &#8211; the first such occurrence in 50 days. The question on everyone\u2019s lips: will the downtrend continue? The impending $4.5 billion BTC monthly options expiry scheduled for January 26 is poised to play a pivotal role in determining the persistence of the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.btse.com\/blog\/mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition\/\" \/>\n<meta property=\"og:site_name\" content=\"BTSE Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-24T08:30:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/01\/Copy-of-Market-Analysis-60.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BTSE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:site\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BTSE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mt. Gox Compensation, BIS Tokenization, and Trump's CBDC Opposition &#8212; BTSE Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.btse.com\/blog\/mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition\/","og_locale":"en_US","og_type":"article","og_title":"Mt. Gox Compensation, BIS Tokenization, and Trump's CBDC Opposition","og_description":"Yesterday, Bitcoin (BTC) experienced a significant drop below the crucial $40,000 support level &#8211; the first such occurrence in 50 days. The question on everyone\u2019s lips: will the downtrend continue? The impending $4.5 billion BTC monthly options expiry scheduled for January 26 is poised to play a pivotal role in determining the persistence of the [&hellip;]","og_url":"https:\/\/www.btse.com\/blog\/mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition\/","og_site_name":"BTSE Blog","article_published_time":"2024-01-24T08:30:19+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/01\/Copy-of-Market-Analysis-60.jpg","type":"image\/jpeg"}],"author":"BTSE","twitter_card":"summary_large_image","twitter_creator":"@BTSE_Official","twitter_site":"@BTSE_Official","twitter_misc":{"Written by":"BTSE","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.btse.com\/blog\/mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition\/#article","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/mt-gox-compensation-bis-tokenization-and-trumps-cbdc-opposition\/"},"author":{"name":"BTSE","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/person\/46ad80e1bffe6cf5d79938127822f2ca"},"headline":"Mt. 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