Crypto News Jan 08: Bitcoin could be down at $ 37,500 with Ripple, Shiba Inu, NFT, Serum, Ava Labs

From Bitcoin’s likely bottom at $ 37,500 to former UFC champion, Chuck Liddell claims to be investing in SHIB. Here are some highlights from the crypto market.

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Bitcoin news

The crypto market has seen a massive decline in the past few days and Bitcoin price has dropped 10% in a week and is currently trading around $ 42,000.

One of the most frequently asked questions on Twitter in the past few days is where Bitcoin has hit rock bottom.

Popular analyst SmartContracter commented on the matter, who said that BTC could bottom anywhere between the current price level and the $ 37,500 region. He said the market will be structurally similar in 2019. However, he still believes that Bitcoin will hit $ 100,000 in the near future.

Crypto News Jan 08: Bitcoin could be down at $ 37,500 with Ripple, Shiba Inu, NFT, Serum, Ava Labs

Bitcoin Price Chart | Source: Twitter

Pantera Capital’s Bitcoin Feeder Fund hits $ 63.7 million

Pantera Capital, an American hedge fund that manages over $ 6.4 billion in crypto-related assets, is now receive $ 63.7 million worth of funds from 153 investors for its Bitcoin transit fund.

Via this Bitcoin feeder fund, investors can participate indirectly in investments in the Bitcoin fund from Pantera Capital.

Last year, Pantera Capital’s Bitcoin feeder fund had $ 18 million and 56 investors.

In addition to Bitcoin, Pantera Capital invests in a variety of tokens and contributes equity to crypto startups. Speaking on The Scoop, Pantera Capital’s director of portfolio development, Franklin Bi, said the company is increasing its investments in DeFi-related projects.

Ripple News

The US Securities and Exchange Commission (SEC) has Submit additional letter against Ripple’s “fair communication”.

The agency cites the December 20 ruling in the SEC v Fife case, in which the Northern District Court of Illinois dealt the defendant John M. Fife a heavy blow.

The SEC sued Fife and five companies it controls in September 2020 for failing to register as securities dealers when it sold 21 billion newly issued penny shares for an estimated profit of $ 61 million.

News Shiba Inu

Based on the results of a Twitter poll to determine the strongest crypto community, former UFC champion Chuck Liddell has announced that he will invest in Shiba Inu. It is still unclear how much the UFC superstar will invest in this project.

The Twitter poll asked users to choose between Shiba Inu, Dogecoin, and Safemoon, another popular cryptocurrency on Binance Smart Chain. Shiba Inu won the dog-themed tokens with a score of 30.6%, while Safemoon topped the rankings with 43.8%.

NFT news

Konami, one of Japan’s largest game publishers, has just announced that it will be releasing its own NFT to mark the 35th anniversary of the popular Castlevania games franchise.

According to the announcement, Konami will release an NFT collection from Castlevania that will include memorabilia such as the song “Vampire Killer”, game scenes and pixel art specially drawn for the collection. All of them will be recreated in NFT form and auctioned from January 12th.

The auction will take place in the UK and Japan. To participate in the Castlevania NFT auction, a user must have ETH in a wallet and be of legal age.

Serum news

Serum, the leading order book-based decentralized exchange on Solana, has raised $ 70 million out of a planned $ 100 million.

Follow Press release announced today that the new capital will be used to develop the serum ecosystem, with $ 15 million allocated for the purpose.

With the new investment, the Incentive Ecosystem Foundation plans to support up-and-coming projects in the areas of DeFi, NFT and gaming. The remainder of the capital will be used for staff recruitment, hackathons, and other growth initiatives for the Serum network.

Ava Labs news

The Turkish manufacturer of electric vehicles (EV) Togg has announced strategic partnership with Ava Labs to design and develop intelligent contract-based services to improve automated migration.

Togg’s partnership with Ava Labs was announced at CES 2022 in Las Vegas. According to the official announcement, Togg has been researching use cases around blockchain and electric vehicle-related technologies for over a year. With the Ava Labs partnership, Togg intends to use the Internet of Things (IoT) and machine-to-machine (M2M) connections to expand and accelerate its electric vehicles.

Togg will implement smart contracts and blockchain technology that will allow users to take a scooter or taxi while charging their electric vehicle, enabling a seamless travel process.

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