CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News
Why bitcoin rally may soon disappear if bitcoin can’t top $ 24k
Bitcoin price has started a new move up from the $ 22,000 support zone against the US dollar.
The price received a bullish momentum above the $ 23,200 resistance level and stalled above the 100-hour simple moving average. There was also a break above the key bearish trend line with resistance near $ 23,200 on the hourly BTC / USD chart.
Grayscale Bitcoin Trust adds 12000+ BTC in one day!
Over 16K BTC withdrawn from exchanges
On December 22, Grayscale reportedly transferred 12,319 BTC to Grayscale Bitcoin Trust in one day. This is more than the cumulative BTC purchase for the entire past week.
In 2020, Grayscale was actively bought. This year alone, Grayscale’s bitcoin holdings are up over 66%. According to Bybt.com, Grayscale’s total BTC holdings have grown to 572,000, with GBTC managing $ 13.7 billion in assets.
Ripple Down 25% Why 100-Day SMA Holds the Key
Ripple started a major decline below the $ 0.4200 and $ 0.4000 support levels against the US dollar.
Following the SEC threat, Ripple’s XRP price began a strong decline, well above the $ 0.5000 level. The price dropped more than 25% and it broke through many supports such as $ 0.4500 and $ 0.4000.
Ethereum Bears Continue Fighting Why ETH Might Slide Again
Ethereum started a decent move up above $ 620 and $ 630 against the US dollar.
The bulls managed to push the price above the $ 620 resistance level. There was also a break above the bearish trend connecting line with resistance near $ 625 on the hourly ETH / USD chart. Ether even rallied above the $ 630 level and the 100-hour simple moving average.
Ethereum tries to stay above $ 620
Ripple and Garlinghouse Oppose SEC’s XRP Claim
Ripple and its CEO have reacted aggressively to the Securities and Exchange Commission statement.
The Securities and Exchange Commission filed a lawsuit against Ripple, accusing it of raising $ 1.3 billion through the so-called “unregistered, ongoing digital asset securities offering” of XRP tokens.
The SEC is also suing Ripple CEO Brad Garlinghouse and Chairman Christian Larsen, saying they personally sold $ 600 million worth of XRP.
Rather than the compliant tone in which most companies have filed lawsuits from the SEC, Ripple, Garlinghouse and Larsen have gone on a grand scale, accusing the agency of trying to pick winners, passing legislation through litigation, and pledging to vigorously fight the allegations on their own behalf.
Ripple opposes SEC lawsuit
UK FCA hinders crypto startups
The United Kingdom is closing doors to digital asset firms.
Late last week, the UK’s Financial Conduct Authority issued temporary licenses to applicant companies wishing to become licensed crypto-asset firms. However, with the publication of this list of temporarily authorized firms, a lot of confusion has arisen for those who have applied or are considering applying.
UK FCA hinders crypto startups
Bitcoin Miners Save As Price Reaches All-Time High
Bitcoin miners were the largest cryptocurrency dumpers when its price was trading near all-time highs.
Data sourced from Glassnode, a market analytics platform, shows that miners are not spending their bitcoins than usual. He relied on his own indicator known as Miner Outflow Multiple, which measures Bitcoin withdrawals from miners’ wallets on average in seven days.
His readings showed that miners are spending BTC above the known historical average, but not as much as during previous highs.
Mining company Bitfarms must achieve 1.2 EH / s hash rate, deploy 3000 new machines
Bitfarms announced the rollout of 1,000 Whatsminer M31S mining machines, with 3,000 more to be rolled out in the first quarter of 2021.
According to the post, the increase in mining performance should boost Bitfarm’s hashrate above 1.2 exahash per second, which is just over one-third of its target hashrate of 3 exahash per second.
According to previous press releases, the Toronto-based company has purchased or deployed around 6,000 new machines to date in 2020.
Skybridge Scaramucci Invested $ 25 Million in New Bitcoin Fund
Anthony Scaramucci said his hedge fund Skybridge has poured $ 25 million into his new bitcoin fund.
Skybridge has already donated $ 25 million, Scaramucci told CNBC. He said new investors can participate from January 4, 2021.
According to him, Fidelity Digital Assets is a “back office” and “bitcoin storage engine”. Scaramucci also stated that Skybridge uses a full Bitcoin node.