Crypto News 12/14: Bitcoin is about to enter a phase of strong growth with news from Ethereum, Ripple, Shiba Inu, Dogecoin, Fractal, Floki Inu, Polygon, Gala Games, Chumbi Valley
From the comment it emerges that trader Bitfinex was betting that Bitcoin will go up in price until Bitbuy XRP is removed from the list. Here are some highlights from the crypto market.
Traders on Bitfinex are betting that the price of Bitcoin will rise following comments from the Federal Reserve on inflation and asset purchases.
On December 14th, the purchase price on the major Bitfinex exchange began to rise. This is an indication that the market is expecting BTC / USD to grow in the short term.
During the meeting, the Fed provided vital information on the future of asset buying – a form of quantitative easing – and inflation with a direct impact on both the crypto and traditional markets.
Data from Bitfinex‘s order book shows that Bitcoin traders have an opportunity to “buy the news” in mind.
Bitfinex sets bids
Retail sales at lows ahead of FOMC meeting with funding across the board
– Zen (@ Zen_Trades1) December 14, 2021
Bitfinex traders are waiting to buy into the $ 44,500-46,000 zone on Tuesday, with spot prices currently at $ 47,300 after BTC lost a day of activity.
Analyst William Clemente said the event could turn out to be a good opportunity to “sell rumors, buy news.” He said he would make the bid when BTC price returns to the $ 53,000 region.
The Swiss branch of Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA), which recently expanded its crypto offering, announced the addition of Ethereum to the bank’s portfolio.
– BBVA (@bbva) December 13, 2021
In June, BBVA Switzerland made Bitcoin trading and custody services available to all of its private customers.
With this expansion, BBVA Switzerland was the first traditional bank in Europe to include Ethereum in its service.
The Canadian cryptocurrency exchange Bitbuy has notification will delist XRP, the seventh largest cryptocurrency by market capitalization, on January 13, 2022.
The exchange allows users to trade tokens against the Canadian dollar and Bitcoin. In January, both the XRP / CAD and XRP / BTC markets will be removed from the trading platform.
Bitbuy is urging users to withdraw XRP from the exchange before the delisting takes place.
News Shiba Inu and Dogecoin
With Dogecoin and Shiba Inu, the two largest coin meme types, Unocoin is now also available for trading on the Indian stock exchange, according to a statement on Monday.
Unocoin users can now trade Dogecoin in Indian rupees. Shiba Inu can now be traded for tether.
– Unocoin: Buy Bitcoin & Crypto in India ???????????????????? (@Unocoin) December 13, 2021
Unocoin was founded in 2013 and is known as India’s leading BTC-INR trading platform known as the “Indian Coinbase”.
Support for Unified Payments Interface (UPI) transactions was added in October, which will allow users to deposit fiat money into the platform faster.
Twitch social media livestream co-founder Justin Kan has just launched Fractal, an NFT trading marketplace on the Solana blockchain.
Fractal is known to be a trading market focused on NFTs in the blockchain gaming space that is thriving on Solana.
In the Fractal announcement on Twitter, Justin Kan admitted that he has long been associated with the gaming industry and that he would like to continue to be associated with it. The Twitch co-founder sees huge potential for economic activity in blockchain games, with Fortnite grossing nearly $ 9 billion from sales alone in the past two years.
I never thought that I would ever become a founder again.
Well … I’m back.https://t.co/D9Hl8zktPx
– Justin Kan ️ (@justinkan) December 13, 2021
Glauber Contessoto, the famous Dogecoin investor, is currently betting on the cryptocurrency Floki Inu (FLOKI).
In an interview with Benzinga, Contessoto announced that he had bought 500 million FLOKI tokens worth $ 125,000.
Its portfolio is still largely focused on Dogecoin with 900 million tokens, with the second largest investment currently being FLOKI.
why #Floki?? !!!! Let us talk about it!
– SlumDOGE Millionaire (@ProTheDoge) December 14, 2021
The crypto millionaire said he will “keep buying Floki” with the aim of reaching 1 billion tokens in the future, which means he will invest another $ 100,000.
Predicting the future, the millionaire stated that “depending on the market, FLOKI could fall a few more times before it goes up like crazy”.
After Ethereum and Binance Smart Chain, it is Polygon’s turn to introduce a token burn mechanism to create a deflationary effect for MATIC.
According to the announcement released on the afternoon of December 14th, the Polygon Development Team (MATIC) announced that it has started testing the EIP-1559 mechanism on the project’s test net for an early deployment to the main blockchain.
Polygon’s EIP-1559 proposal would be somewhat similar to the EIP-1559 upgrade implemented from the London Hard Fork to Ethereum in early August.
The wait is finally over …
The much anticipated EIP-1559 upgrade for the Mumbai test network is here.
– polygon | $ MATIC – We are hiring! (@ 0xPolygon) December 14, 2021
Gala game news
Gala Games is the next name to announce a “huge fund” dedicated to developing games on blockchain.
On the evening of December 13th, blockchain gaming platform Gala Games (GALA) announced that it would partner with mutual fund C2 Ventures to create a $ 100 million play-to-earn game development fund, Metaverse – and to establish blockchain technology applications.
Gala Games is one of the leading blockchain game developers today with many upcoming games like Legacy, Mirandus, Town Star, The Walking Dead Empires etc.
– VentureBeat (@VentureBeat) December 13, 2021
Chumbi Valley News
KuCoin will mission The 17th Spotlight token sale with Chumbi Valley (CHMB) on December 14, 2021. The CHMB token sale will be based on a proportional distribution model.
Spotlight Token Sale Details:
- Token name: Chumbi Valley (CHMB).
- Spotlight hardcap: 300,000 BILLION. USD
- Allocated Amount: 300,000,000 CHMB
- Retail price: 1 CHMB = 0.001 USDT
- Supported tokens: KuCoin Token (KCS)
- Price Ratio: The actual price ratio of KCS will be announced on the token sale date
- Token distribution: 5.05% will be activated during the Token Generation Event (TGE) and the remaining 94.95% will be carried out monthly for 9 months (KuCoin will distribute the remaining 94.95% before the 17th of each month, every month Month 10.55 percent).
- Total offer: 30,000,000,000 CHMB
- Circulating first aid: 15,150,000 CHMB
Shopify’s CEO buys the ENS domain name for 30 ETH.
Tobi Lütke, the CEO of Shopify, bought the ENS domain tobi.eth for 30 ethers.
According to the Twitter post, Shopify CEO Tobi Lütke bought the ENS domain tobi.eth for 30 ETH, currently around 122,000 US dollars. Information about the deal was posted on Twitter by the ENS sales bot and confirmed by Lütke in the comments section.
– ENS sales bot (@EnsSales) December 11, 2021
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