From retailers who keep piling up Bitcoin to Coinbase which has support for NFTs. Here are some highlights from the crypto market.
Analyst Willy Woo looks at Bitcoin (BTC) retailers and realizes something he hasn’t seen himself since the Covid-19 outbreak in March 2020.
In his tweet, Woo shared a graph showing how much BTC retailers have amassed.
https://twitter.com/woonomic/status/1470777764886495233?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
According to the graph, retailers are increasing their purchases as the BTC market goes through a correction, similar to the massive decline last year.
Woo also shared a chart showing how previous Bitcoin HODLers bought even during a bear market. He also said there are no signs that the next sell-off will take place.
Bitcoin under $ 40,000 would be a good “buying opportunity”.
Kraken CEO Jesse Powell told Bloomberg TV that Bitcoin under $ 40,000 would be a good “buying opportunity”.
Powell said himself bought Bitcoin when it hit the $ 30,000 mark and said corrections are an opportunity for many to buy BTC at bargain prices.
Mike Novogratz once predicted that Bitcoin would hold above $ 42,000, but he’s also pessimistic in the short term as the space will be negatively impacted by the “mess” activity of the Americas stock market in late 2021 and early 2022.
He also said that its inherent volatility makes it difficult to predict short-term price movements as Bitcoin is a long-term investment.
Additionally, Powell also predicts that NFT, one of the trends that will dominate crypto in 2021, will get “stronger” in 2022.
Blockchain tracking company Whale Alert says 285.9 million XRPs were broadcast from Ripple.
According to the data provided, six large transactions involving over 200 million XRP have been made in the past 24 hours. In it, the Bithumb exchange moved 100 million XRP between their internal wallets.
https://twitter.com/whale_alert/status/1471000502057979913?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Ripple and some of its ODL corridors have also been involved in a number of transactions. A total of 20 million XRP were sent from Ripple’s RL18-VN wallet to the Philippine exchange Coins.ph.
Another Ripple ODL partner, the Mexican exchange Bitso, also sent 19.8 million XRP between internal addresses. It also received 20 million XRP from Bittrex.
The US-based exchange Bittrex has also moved 20 million XRP to the European Union-based Bitstamp platform.
The digital payment company Circle has announced launched its USDC stablecoin on Avalanche.
According to the official blog post, users can now use USDC to deposit, withdraw, receive payments and process transactions on Avalanche.
The latest integration is set to pave the way for trading and payment options for developers and participants in the Avalanche ecosystem. It includes decentralized protocols (DeFi), enterprise applications, NFT marketplace and more.
Solana Ventures, Solana’s investment arm, continues to announce a new $ 150 million fund to develop blockchain games.
According to a December 14 press release, Solana Ventures will partner with Forte and Griffin Gaming Partners to set up a $ 150 million investment fund dedicated to gaming projects on the Solana blockchain.
Forte is the blockchain game startup that caused a sensation in the crypto world in mid-November with a financing deal of up to 725 million US dollars with the participation of Griffin.
https://twitter.com/VentureBeat/status/1470816053936672771?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Huobi Exchange only has To update HT activity report for the past month.
According to the report, Huobi Global burned 2.113 million HT (about 21,483 million USDT) in November 2021, 24.23% less than in October.
On December 15, 2021, the total number of HT burned reached 288,865 million, with an HT deflation rate for November of 0.94%.
The DeFi indicator platform Pollen recently announced its IDO token PLN on the Roco Finance launchpad.
Pollen DeFi is an innovative DeFi protocol designed to enable the community to manage related asset and indicator portfolios. It recently opened the registration for its IDO on RocoStarter.
https://twitter.com/PollenDeFi/status/1469389105540775956?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
By designing the protocol, the platform enables traders to build their reputation while earning rewards.
At the same time, “passive” users can delegate governance tokens and share rewards with those who successfully manage portfolios.
Crypto investment brokerage NYDIG has successfully raised $ 1 billion on a valuation of $ 7 billion.
https://twitter.com/bitcoinembassyu/status/1470853780224856065?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The financing round was organized by WestCap with the participation of Bessemer Venture Partners, FinTech Collective, Affirm, Fiserv, MassMutual, New York Life, Morgan Stanley and FIS.
NYDIG says it will use the funds raised to expand its crypto investment brokerage platform to a wider range of customers and to support Bitcoin’s Lightning network, smart contracts and asset tokenization.
Tascombank, one of Ukraine’s oldest commercial banks, is introducing a Stellar-based test for the Ukrainian national fiat currency, the hryvnia.
On Tuesday, the Stellar Development Fund (SDF) announced a hryvnia pilot project launched by Tascombank and fintech company Bitt.
The hryvnia pilot project is being carried out under the supervision of the National Bank of Ukraine and supported by the Ministry of Digital Transformation (MDT).
https://twitter.com/StellarOrg/status/1470741555086462977?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Mintable Markets has announced a partnership with Immutable X, a StarkWare-based Layer 2 solution for NFTs on Ethereum, bringing more than 24 million NFTs for sale on Immutable X on Mintable.
This integration allows users to send ETH and ERC-20 tokens with instant confirmation and no gas fees.
Mintable and Immutable X share a common vision to scale the NFT market by giving everyone access to NFT.
https://twitter.com/mintable_app/status/1470400616660811779?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Anatoly Yakovenko, co-founder of Solana (SOL) suppose i think, an emerging field of cryptocurrency that will form the basis for the future of social networks.
Yakovenko argues in a new interview with Markets Insider that NFT has potential benefits that traditional social media platforms lack.
Solana, a competitor to Ethereum (ETH), is currently the fourth most popular blockchain in terms of NFT sales volume, with sales exceeding $ 752 million.
Business data provider Statista announced that the number of NFT users increased from around 46,000 in January to over 500,000 in November this year.
US-based crypto exchange Coinbase has made new upgrades to its self-sustaining wallet, including support for NFTs to make it easier to use.
https://twitter.com/CoinbaseWallet/status/1470864946200297473?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The company announced Tuesday that Coinbase Wallet will soon support NFT, allowing users to view their collections and access leading NFT marketplaces like OpenSea.
Coinbase has not given an exact launch date, but users will need to install the latest version of the browser extension in order to access its features.
Tobias Lütke, a German-Canadian billionaire, Shopify leader, is currently updating his Ethereum Name Service (ENS) domain on Twitter.
Lütke has also updated her profile picture to an NFT picture from the CryptoPunks collection.
Tobias Lütke updates ENS on Twitter | Source: Tobi.eth
Digital payments company Block, formerly known as Square, announced that Cash app users will be able to give away crypto and shares to friends and family during the holiday season.
According to a tweet on Tuesday, the Cash app said its users can send as little as $ 1 (bitcoin) or shares as gifts, just like they sent cash.
The payment company is working with others, including PayPal and Coinbase, to enable users to send cryptocurrencies to third parties as a payment or gift.
https://twitter.com/CashApp/status/1470800797705322502?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The crypto market will have a difficult start in 2022.
Mike Novogratz, CEO of crypto giant Galaxy Digital, suspect Cryptocurrencies will have a difficult start in 2022.
In a recent interview with CNBC, he said the crypto market could be “flat” or “down” and ruled out a bullish scenario.
However, the crypto mogul said it is not worried about the state of the market in the medium term as more and more people are ready to enter the market.
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