On today’s holiday episode of Markets Daily, we’re joined by Santa Clause for a bitcoin holiday classic. Original
It’s Beginning To Look a Lot Like Bitcoin | 2020 Holiday Episode
Day: December 24, 2020
5 crypto unicorns that charged onto the blockchain scene in 2020
A number of decentralized finance protocols experienced volatility around the $1 billion mark in 2020, briefly making some of them unicorns in the crypto space. Though the 2020 numbers are comparable to the number of projects that emerged as unicorns during the 2017 initial coin offering boom, Gemini co-founder Cameron Winklevoss said in September that DeFi protocols have more staying power: “Back then, money was raised on shitcoin white papers written in a coffee shops. DeFi is already live and working in the wild. Billions of dollars are at work…
BitGo assets hit $16 billion as institutional adoption grows
BitGo, whose investors include Galaxy Digital Ventures, Goldman Sachs and Valor Equity Partners, reported Wednesday that digital assets under custody have surpassed $16 billion for the first time, offering further validation that institutional demand has arrived. In an official press release, BitGo said institutional investors are seeking exposure to digital assets “for custody, trading and lending.” CEO Mike Belshe commented: “We’re seeing unprecedented interest from institutional investors as a result of the pandemic’s economic impact, as well as Bitcoin’s extraordinary performance.” Founded in 2013 as a digital wallet service, BitGo…
JE VENDS TOUS MES BITCOINS !?! Acheter du bitcoin en 2021 n'est plus rentable ?
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This Historically Accurate Bitcoin Fractal Now Calls for a Correction to $17,500
Bitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling pressure witnessed by altcoins was intense and caused many to see flash crashes of 20% or more All the while, Bitcoin’s price remains steady and stable above $23,000 – around where it is still trading at the present moment One trader who in the past put forth a fractal that forecasted the entire rally seen over the past few months is now offering investors a warning He notes that this same…
Elad Roisman appointed acting chairman of SEC, according to Hester Peirce
Elad Roisman will take over as Chairman of the United States Securities and Exchange Commission effective immediately, according to Commissioner Hester Peirce. Peirce broke the news on Twitter Thursday morning, where she congratulated Roisman for his appointment. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC. — Hester Peirce (@HesterPeirce) December 24, 2020 Both Republican commissioners, Peirce and Roisman were the leading candidates to replace Jay Clayton as Chair. Clayton resigned from his position on Wednesday in a statement posted on the SEC’s website. The move was…
Coinbase, Other Exchanges Face Dilemma on Delisting XRP
What happens when a cryptocurrency once been positioned as a regulator-friendly alternative to bitcoin gets heat from regulators? Exchanges that trade XRP are about to find out. U.S.-based cryptocurrency exchanges have to consider whether to delist XRP in light of a Securities and Exchange Commission (SEC) lawsuit alleging it is an unregistered security issued by Ripple Labs to raise funds. Chief among these exchanges is Coinbase which, in addition to the normal considerations around listing XRP, is also seeking SEC approval to take its shares public and allow retail investors…
Ripple Partner MoneyGram Issues Statement After US SEC Files Lawsuit
Earlier this month, Ripple sold $15 million of its MoneyGram stock while not giving any specific reason behind it. A day after the US Securities and Exchange Commission (SEC) filed a lawsuit on Ripple, its partner MoneyGram issued a statement clarifying its association with the blockchain firm. In a press statement issued on Wednesday, December 23, MoneyGram clarified that it has never used Ripple’s counterparty services like RippleNet or On-Demand Liquidity (ODL). The press statement notes: “As a reminder, MoneyGram does not utilize the ODL platform or RippleNet for direct…
Coinbase Weighs Up Ripple as SEC Stamp Out XRP
The lawsuit is centered around XRP. The SEC described XRP as an unregistered securities offered to investors not only in the United States but also across the globe. Coinbase is reportedly contemplating its relationship with Ripple as the Security and Exchange Commission (SEC) looks to stamp out XRP. Ripple’s native token, XRP, has seen its value slashed into two within the last 24 hours and faces a run down the slope following the lawsuit filed against it by the SEC. The value of the fourth biggest cryptocurrency by value has…
Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes
A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ) announced last week that a Boston man has pleaded guilty in federal court to his role in two bitcoin fraud schemes. Austin Nedved “pleaded guilty to aiding and abetting wire fraud and money laundering conspiracy,” the DOJ detailed, adding that the 29-year-old is…