The most outstanding news of the ecosystem in these seven days again has to do with the rise in the price of Bitcoin. After breaking the all-time high of 2017, this week the cryptocurrency at times exceeded USD 28,000. All this in the framework of a growing institutional investment and the announcement of the delivery of new aid in the United States.
The advancement of the pioneer cryptocurrency is steady and significant. The average weekly increase is estimated to be more than 12.5%. At the time of writing, BTC is trading at USD 26,917, as reflected in the market price of Latin America and Spain, according to the CriptoNoticias price calculator.
With Crypto News, those interested can keep up to date on the changes in the market prices of bitcoin, ether, bitcoin cash and litecoin, in relation to their local currency. To do this, they can visit the Mercado Latino section, which has a price calculator to make conversions quickly and easily to their national currency.
These are the most outstanding news:
On December 21 the price of bitcoin had a 2% drop, after breaking its all-time high and breaking the $ 24,000 barrier last week. This amid the threat of a more aggressive strain of coronavirus. However, the announcement of a new stimulus package for USD 900,000 million caused a 3% bounce in the cryptocurrency that same day. By December 26, Bitcoin exceeded USD 25,800, a value influenced by the expiration of new option contracts of the Deribit exchange house, to more than USD 120,000. By Sunday 27, Bitcoin traded at a maximum of $ 28,200. According to calculations by the information service Bitcoin Treasuries, institutions already accumulate more than 1,150,000 bitcoins, which is equivalent to approximately 6% of the total of all BTC in circulation. The SkyBridge Capital fund, founded by former White House communications director Anthony Scaramucci, announced the launch of a fund to inject capital into the first cryptocurrency. It will be called SkyBridge Bitcoin Fund LP and the minimum investment to participate will be $ 50,000. MicroStrategy, for its part, has made a new purchase for 29,646 bitcoins, for a total investment of $ 649,988.55 million. Meanwhile, Pierre Rochard, director of Bitcoin strategy at Kraken, predicted that more than 50% of S&P 500 companies will have BTC on their balance sheet by the end of 2021. According to cryptocurrency analytics and metrics service CryptoQuant, in recent years Nine months traders have withdrawn more than 600,000 bitcoins from crypto exchanges, likely to hold long-term positions. Ripple CEO Rad Garlinghouse reported on December 21 that he expected a lawsuit by the Securities and Exchange Commission (SEC) from the United States, a fact that took place the next day. The SEC accuses them of selling XRP to finance Ripple Labs. It considers that asset to be an unregistered security, while Ripple maintains that it is a “virtual currency.” The price of the cryptocurrency fell by more than 30% and SEC Chairman Jay Clayton tendered his resignation shortly after. He will be replaced by Elad Roisman, appointed by Donald Trump as interim. Meanwhile, Bitstamp announced that it will suspend XRP trading for US users and Bitwise 10 mutual fund (BITW) liquidated its position in XRP. The SEC also requested comments to outline rules on the custody of tokenized shares. Its intention is to establish working parameters for stock brokers. The proposed regulation presented by FinCEN, which proposes to oblige exchanges to provide data on their users, was questioned by the Electronic Frontier Foundation. Consider that the project could hamper the adoption of wallets and self-safe technologies. Kraken and Coinbase also reject the plan and ask to extend the comment period, while Bitcoin developer Matt Corallo said that it will not be feasible to associate an identity with a BTC transaction. The agency intends to recruit up to two expert cryptocurrency officers to be part of a Washington-based team.The dissemination of personal data of one million users of the hardware wallet, Ledger, has generated controversy. Those affected by the theft and leakage of information, who are being victims of phishing and extortion, announced legal action. The manufacturer reported that it will not compensate affected users. In the midst of the debate, Bitcoin evangelist Andreas Antonopoulos conducted a live broadcast on his YouTube channel advising against dumping wallets and taking safety measures. The Lightning Network’s new liquidity market, Lightning Pool, exceeded 21 bitcoins in volume traded, and announced that they continue to count more and more orders. They indicated that 223 orders have been processed in the P2P market, reaching the commercialization of about 2,144,200,000 satoshis (21.4 BTC).
If you want to know the meaning of several words in the crypto world terminology, you can consult them in the extensive Glossary of CryptoNews.
FinCEN (Financial Crimes Enforcement Network): in Spanish, Red de Control de Critos Financieros, is an agency belonging to the US Department of the Treasury that analyzes data on financial transactions to combat money laundering and terrorist financing. She has been heavily involved with the regulation of cryptocurrencies.
Cryptotutorial of the week:
PoolTogether is a novel mechanism to place collective bets. It is defined as a “no loss lottery”, where you can win Dai (DAI) or USD Coin (USDC) without the risk of losing your investment. You can manage cryptocurrencies directly from your Ethereum wallets such as MetaMask, Trust Wallet, and Coinbase Wallet, among others. In this tutorial we show you how PoolTogether works.
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