Crypto News December 21: The changed market sentiment lets Bitcoin rise with news from Cardano, Shiba Inu, Voodoo, Chainlink, Binance, FTX, BinaryX, Polkadot, Terra, Sologenic, Crypto Gaming United
From the comment that Bitcoin bounced 5% in the past 24 hours, to Binance’s postponement of the distribution of the first Polkadot slot auction rewards. Here are some highlights from the crypto market.
Data from TradingView shows that BTC / USD has rebounded while the Lira rebounded up to 40% against the USD.
The move comes when Turkey’s President Recep Tayyip Erdoğan announced measures to protect consumers and attract lira investors. The USD / TRY coin previously hit an ATH near the 19 region.
The real reason?
The Turkish lira is making a strong leap.
– Michaël van de Poppe (@CryptoMichNL) December 20, 2021
The event helped Bitcoin and Altcoins rebound, with a 5% increase on the market cap charts.
Analyst Michaël van de Poppe says the sentiment in the Bitcoin market has changed and the correction could soon be over.
Good chances we’re done correcting it.
The longer we stay here, the faster the mood changes.
– Michaël van de Poppe (@CryptoMichNL) December 21, 2021
Looking at a popular sentiment indicator, the Fear & Greed Index rose slightly as the market saw bullish momentum. The indicator has risen by two points to 27/100 and is moving from the “extreme fear” to the “fear” area.
Bitcoin has the potential to replace the USD.
In a recent Twitter chat with superstar rapper Cardi B, former Twitter CEO Jack Dorsey told the “WAP” singer that Bitcoin will replace the dollar, once again showing his support for the largest cryptocurrency.
The Twitter interaction between the Grammy-winning rapper and the tech billionaire about BTC’s appropriation of the USD has generated a lot of reactions on Twitter.
Yes, Bitcoin will
– jack⚡️ (@jack) December 21, 2021
The “digital” payment processor Flexa added support for ADA and added it to the list of available payment options on the network.
– Flexa (@FlexaHQ) December 17, 2021
Flexa launched its cryptocurrency wallet SPEDN in May 2019, which allows users to pay with Bitcoin, Ethereum, Bitcoin Cash and Gemini dollars in retail stores, including retail stores, leading brands such as Whole Foods, Baskin Robbins, Lowe’s and Nordstrom. Flexa has also partnered with the Gemini crypto exchange run by Winklevoss.
According to the announcement, SPEDN users could try out instant ADA payments on the network.
News Shiba Inu
AskTheDoctor, the Canadian online wellness company that recently appeared as an influencer on the Shiba Inu marketplace, has caused a stir in the community, claiming that the coin meme is “the biggest scam ever” on the cryptocurrency market “and threatened with it a lawsuit from community leader Shytoshi Kusama.
– Ask the Doctor ® (@askthedr) December 21, 2021
The company now says it removed SHIB from its balance sheet and returned all goods.
AskTheDoctor also accused Shytoshi of developing the Squid Game token, the most notorious crypto scam of 2021 that claimed millions of dollars from its owners in early November.
French company Voodoo has announced an initiative to invest $ 200 million in the blockchain gaming market. Voodoo intends to invest this money in emerging gaming studios that are developing blockchain-based games.
Follow official announcement, Voodoo’s $ 200 million investment fund will be used to fund blockchain-based game studios and set up 20 in-house branches over the next year.
The platform plans to transform the gaming sector by incorporating blockchain technology into games so that users can develop a “deep interaction” with the blockchain gaming ecosystem.
News chain link
Ethereum’s largest staking platform, Lido, recently announced the launch of the Chainlink stETH / USD Price Feed.
stETH is a tokenized form of Ethereum that participates in staking on the platform.
Chainlink price feeds help developers build more advanced #DeFi Applications around a wide variety of assets. @LidoFinanzen has integrated #Chain link Price feeds to stETH, its staked version of., To deliver accurate market prices worldwide #ETH.https://t.co/gGtdELTTU7
– Chainlink – Official Channel (@chainlink) December 20, 2021
According to the announcement, the integration of the Chainlink Price Feed should help to expand the benefits of stETH.
While earning staking rewards from Lido, users will still be allowed to use stETH as security in DeFi.
Binance notification Postponed the distribution of the first Polkadot slot auction rewards.
According to the announcement, when the Polkadot Slot Auction was just ending, Polkadot’s Parachain projects (DOT) have not yet started on the DOT mainnet, and the tokens from the Parachain DOT projects are not currently transferable to Binance for part distribution.
Therefore, the first reward distribution will be postponed until the parachain DOT projects have completed the DOT mainnet launch. All rewards are expected to be distributed on February 16, 2022.
Monumental Sports Entertainment (MSE) has notification 20 that the organization worked with FTX US in a “multi-year agreement”. This event will help FTX US become a trading partner for cryptocurrencies, NFTs and MSE assets.
Properties include NHL’s Washington Capitals, NBA’s Wizards, WNBA’s Mystics, and Capital City Go-Go. With the NFT partnership, “The FTX US NFT platform will hold exclusive rights to Monumental Sports’ future NFT awards.
Binance Labs has notification about investing in BinaryX.
BinaryX is developing CyberDragon, an on-chain metaverse game that combines elements of DeFi, NFT and the crypto-economy.
Users can mine, go on adventures, participate in PvP, trade the market for NFT of lands and castles in the CyberDragon game.
James, co-founder of BinaryX, said the development team aims to build a sustainable GameFi model in the BSC ecosystem to create real value for users. There are many features to come shortly, and with the help of Binance Labs, the project can bring the user-centric GameFi model to the industry.
Dotmarketcap said Batch 2 of the auction on Polkadot will begin in 3 days.
There are currently 10 projects starting crowdloaning with a TVL of 4.7 million DOT, which equates to 116 million USD. Centrifuge leads the way with 1.4 million DOT, followed by Efinity with 1 million DOT.
– DotMarketCap (@DotMarketCap) December 20, 2021
Terraform Labs and its CEO Do Kwon have initiated the latest legal action in response to actions by the SEC and the US courts.
The legal controversy between Terraform Labs and the SEC dates back to mid-September: The SEC believes Terraform Labs violated US securities laws by not registering an open sale of shares issued through the Mirror Protocol. Even so, the commission stated that it has not yet been able to determine that Terraform Labs has violated US securities laws.
In the latest development, on December 18, Terraform Labs took a step to respond to inquiries from the SEC and US courts. In particular, the company appealed to the U.S. District Court for the Southern Borough of New York, reiterating the arguments it had previously made about why the SEC was not empowered to conduct a legal investigation.
TFL has filed an objection to the SEC’s latest filing in its ongoing litigation pic.twitter.com/9yKKzuu32i
– _gabrielShapir0 (@lex_node) December 20, 2021
Terraform Labs claims to be a Singapore incorporated company and Do Kwon is a Korean citizen, which means both are outside of the SEC’s jurisdiction.
Gear technology news
Gear Technologies, Polkadot’s blockchain-powered smart contract, has raised $ 12 million in a Blockchange-led funding round involving Three Arrows Capital, Lemniscap, Distributed Global and a variety of venture capitalists.
We would like to thank Blockchange very much @BlockchangeVC, Gavin Wood @gavofyork and everyone else who participated in our private investment round. This is just the beginning. More to come! https://t.co/1QrrLWxL6V
– Gear technologies (@gear_techs) December 20, 2021
Several top executives from the Web3 Foundation and Parity Technologies also attended, including Polkadot founder Gavin Wood.
Gear’s next move is to launch a testnet in early 2022 and pass third-party security and financial tests later this year.
Binance will support Solo Airdrop Program (SOLO) for XRP holders.
The snapshot is created for the first validated XRP ledger with a time stamp greater than or equal to 03:00 on December 25, 2021. The amount of SOLO sent to authorized users is determined by a formula:
- Amount Received = Amount of XRP owned at the time of the snapshot / Total XRP held by Binance at the time of the snapshot * Total SOLO received by Binance during the airdrop.
News from Crypto Gaming United
Binance Smart Chain (BSC), the leading DeFi, NFT and GameFi ecosystem, has announced Invested in Crypto Gaming United (CGU), the industry-leading NFT gaming company with a $ 1 billion growth fund.
This will allow the CGU to drive the next wave of Web3 rollout through the booming metaverse economy of play-to-earn and increase the number of jobs in the blockchain gaming sector.
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