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Bitcoin Holds Above $ 22K Why BTC May Resume Growth
The Bitcoin price continued to rally above $ 21,500 and $ 23,000 against the US dollar.
The price reached a new all-time high at $ 23,715 before starting a downward correction. There was a break below the $ 23,000 and $ 22,800 levels. However, the bulls were able to protect the price from falling below $ 22,000.
A swing low was formed around $ 22,263 and price began to base above $ 22,350. It climbed above the $ 22,500 and $ 22,600 levels again.
Ethereum Consolidates Above $ 640, Why The Rally Isn’t Over Yet
Ethereum traded to a fresh monthly high above $ 675 against the US dollar.
There has been massive growth in Bitcoin, Ethereum, Ripple and other major altcoins. ETH broke the key $ 620 resistance level and rallied above the swing high of $ 635.
As a result, there was a strong jump and the price broke the $ 650 resistance. Ether traded to a fresh monthly high of $ 676 and settled well above the 100-hour simple moving average. Recently, there was a correction down below the $ 650 level.
DeFi Lending Protocol Attacked, Warp Finance Lost $ 7.7 Million Stablecoins
Warp Finance Decentralized Finance Lending Protocol Hit By Instant Lending Attack
Warp Finance’s decentralized finance lending protocol was hit by an instant loan attack that resulted in the loss of $ 7.7 million worth of stablecoins.
Warp said the attack allowed one user to borrow more than their collateral value, resulting in losses for other users or lenders. Fast loans allow users to borrow funds without collateral, provided the funds are returned within a single blockchain transaction.
Litecoin Reaches Above $ 100, Why LTC Might Rise Above $ 110
Litecoin price started a strong rally above $ 90 and $ 100 against the US dollar.
Over the past 2-3 days, there have been strong gains in Bitcoin, Ethereum, Ripple and Litecoin against the US dollar. To kick off the recent rally, there was a break above the important downtrend channel with resistance at $ 80.00 on the 4-hour chart of the LTC / Dollar pair. The pair broke through the resistance levels of $ 90.00 and $ 100.00. There was also a close above the $ 100 level and the 100 simple moving average.
Coinbase Keeps S-1 Confidential Before Potential IPO
Coinbase has taken the first step towards a public offering.
Coinbase Global, Inc. announced that it had submitted a draft S-1 registration application in confidence to the Securities and Exchange Commission. The S-1 is expected to take effect after the SEC completes the review process, taking into account market and other conditions, ”the company said on December 17.
More than $ 1 billion of Ether delivered on Ethereum 2.0
According to Etherscan, the total amount of Ethereum locked in Ethereum 2.0 has surpassed $ 1 billion since its launch earlier this month.
About $ 1 billion of Ether is locked on Ethereum 2.0. On December 1, the multi-year update of Ethereum, the world’s largest smart contract platform, began. The first phase of Ethereum 2.0 development focuses on creating a separate proof-of-stake blockchain network called the Beacon Chain.
Robinhood Will Pay $ 65 Million To Pay Securities And Exchange Commissions
According to the statement, Robinhood has agreed to settle the costs with the SEC.
According to the SEC, Robinhood’s settlement focuses on two fronts: “repeated misstatements in which the firm did not receive payments from merchants for placing customer orders, and for failing to meet its obligation to find the best conditions reasonably available for execution.”
PayPal doubles cryptocurrency by investing in Paxos
PayPal is a $ 142 million Series C funding investor.
PayPal has shown interest in doing more than just using Paxos services to integrate cryptocurrency into their services with new investments.
The payments giant has participated in the $ 142 million Series C funding round, according to Paxos on December 17.
Binance Labs Leads $ 12 Million Funding Round For MATH Multi-Asset Wallet Developer
MATH, the company behind MathWallet, raised $ 12 million in a Series B funding round.
NGC Ventures, Capital6 Eagle and Amber Group became the joint leaders of the round. According to a blog post on December 17, the investment will enable MATH to accelerate product updates for its wallet, expand the ecosystem of decentralized applications, and more broadly connect to the global marketplace.
MathWallet secured a $ 7.8 million Series A + funding round in November led by Alameda Research and Multicoin Capital