CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, TETHER News, BITTREX News
Altcoins Lose Steam As $ 19K Bitcoin Consolidation Continues
Bitcoin still can’t get past the $ 19,400 mark as the altcoins have suffered minor losses.
After an extremely volatile week, the mainstream cryptocurrency has had a mostly quiet weekend. Bitcoin stagnated around the $ 19,000 mark with several unsuccessful attempts to break above $ 19,400.
In the last 24 hours, BTC has tried to break out of this range again, but to no avail. The cryptocurrency jumped to an intraday high of $ 19,400. However, the bears intercepted the move and did not allow further growth.
Ethereum hesitates why a close above $ 600 could trigger another surge
Ethereum is trading in a range below the $ 600 and $ 602 resistance levels against the US dollar.
Basically, there have been fluctuations in Ethereum above the $ 585 support, similar to Bitcoin. ETH price traded up to $ 607 before starting a slight decline in a certain range.
There was a break below the $ 600 support and the 100-hour SMA. Ether even broke the 23.6% Fibonacci retracement level of the upward wave from the swing low of $ 565 to the swing high of $ 607.
Ethereum price
Over 1.2 million ETH hosted on Beacon Chain
A week after the appearance of the Beacon Chain, more than 1.2 million ETH were blocked in the deposit contract.
According to the Ethereum 2.0 Launchpad, there are currently over 1.21 million Ether deposited, which translates into roughly 14.2% annual interest rate for members. Beaconscan reports that there are currently 26,905 active validators.
The success of the betting and the timely launch of Phase 0 of the ETH 2.0 update was a testament to investor confidence in the network’s future.
Bitcoin sees massive influx from institutions, gold sees huge outflow
Cryptocurrency-focused funds now manage $ 15 billion in digital assets, according to CoinShares.
Over the past few weeks, $ 1.4 billion in institutional money has been poured into Bitcoin-focused investment products, according to CoinShares data published by the international news agency Reuters.
In contrast, gold has undergone a massive $ 9.2 billion outflow over the same time period as investors seem to become increasingly addicted to the digital version of the yellow metal.
MicroStrategy Wants To Offer $ 400 Million Convertible Bonds To Buy More Bitcoins
MicroStrategy announced a $ 400 million private placement offer for convertible senior bonds.
MicroStrategy said it is seeking funding to acquire additional bitcoin stock.
The company shared the information in an official announcement on its website on December 7, 2020. According to the press release, MicroStrategy is considering a private placement of $ 400 million in convertible senior bonds with the aim of increasing its bitcoin holdings:
German Finance Minister Calls Facebook Cryptocurrency G7 Call For Cryptocurrency Regulation
G7 Countries Strongly Support Cryptocurrency Regulation
G7 countries strongly support the need for global cryptocurrency regulation
According to the latest report on the global regulation of cryptocurrencies, financial officials and central bankers from the G7 countries have expressed a strong desire to regulate cryptocurrencies. The US Treasury Department shared this development in a statement following the virtual meeting. The summary reads:
Bittrex Launches Tokenized Stock Trading For Tesla, Apple, Google And More
Bittrex announced that it will be listing tokenized shares on its platform in partnership with DigitalAssets.AG.
Bermuda cryptocurrency exchange Bittrex has announced that it will be listing tokenized shares on its platform in partnership with DigitalAssets.AG. With this step, traders and investors will have direct access to listed companies without having to use an external broker or pay additional fees. Users can buy stocks with USD, Tether, or Bitcoin with 24/7 access to these markets.
Bit Digital Completes $ 13.9M New Mining Machine Purchase
Bitcoin mining company Bit Digital has announced that it has completed its purchase of nearly 18,000 new ASIC miners.
The New York-based company has distributed its new miners throughout China in Xinjiang, Sichuan and Inner Mongolia, with a full installation expected by the end of December.
The new machines are expected to increase the company’s mining capacity by 1,003.5 petahesh per second, the press release said.