Daily Crypto NewsEDITION #107, 21 December 2020

Bitcoin’s Moonwalk

Hey #Moni Maker 👌

We've seen 100-500 institutional players stuffing their bags with bitcoins this week, Elon pumping Dogecoin, and even the biggest provider of porn content accepting crypto (and there's a lot of money there). Long story short, this week’s digest is 🔥!

Let’s go!

Top news of the week; you can’t miss them!

• BTC broke ATH! $24k!!!

• After bitcoin surged above $20k and then above $23k, a total of $1.26 billion in futures positions were liquidated, most of which were short.

• Nobuaki Kobayashi, the trustee of the hacked and bankrupt cryptocurrency exchange Mt. Gox, filed a civil rehabilitation plan today. The statement can be read on the Mt.Gox website.

• Glassnode analytical service reports a sharp rise in the number of addresses storing more than 50 BTC (> $1M). The figure rose by 150% to 66,540 addresses.

Not so loud, but interesting

• JPMorgan strategist Nikolaos Panigirtzoglu said that the recent MassMutual investment indicates growing demand for bitcoins among family funds, insurance companies, pension funds, and other investors with large volumes of assets.

• FTX CEO, Sam Bankman-Fried, said that his team plans to offer Coinbase futures as soon as regulatory clarity is obtained.

• Grayscale's assets under management rose from $2.3 billion (January 13) to $12.1 billion (December 12). That works out to a 430% increase in assets under management in 11 months.

• Kraken, one of the oldest crypto exchanges, announced the creation of a dedicated team to integrate the Lightning Network solution into Kraken's infrastructure for bitcoin transfers.

• The total trading volume on Uniswap has exceeded 51 billion.

• The guys at 1inch have announced a major update that allows private transactions.

• 1.5 million ETH has already locked in Ethereum 2.0. At current exchange rates, that's just over $1 billion.

• The DappRadar portal has released its annual report summarizing the year in decentralized applications.

Visa and MasterCard have left Pornhub. The reason for the departure of major payment systems from the site was a publication in the New York Times.

We wish you a great week!

And one more thing...Buy Bitcoin! 😉