Welcome to today’s overview:
In the last few days, the primary cryptocurrency has not been very successful. Since moving to $ 50,000 on Friday, the asset has struggled and even fallen below $ 46,000 several times. The last such slump came yesterday, when BTC fell to $ 45,500. At this point, however, the situation changed and the bulls strengthened.
In the following hours, they pushed the cryptocurrency north and BTC added more than $ 3,000 in value. As a result, BTC approached $ 49,000 for the first time in five days. Although rejected at this level, BTC is still around $ 48,500 and has improved by 5% per day.
The Altcoins also suffered in the past, but today they are all in the green. ETH traded below $ 3,800 yesterday, but a 6% daily increase drove the second largest cryptocurrency to $ 4,000.
SHIB grew by 8% when the whale bought 4 trillion tokens
According to CoinMarketCap, Shiba Inu has grown by more than 8% in the last 24 hours. WhaleStats says the ether whale bought four trillion Shiba Inu tokens in 24 hours.
Although the recovery in the price of Shiba Inu coincides with the general market recovery, whales appear to have contributed to its 8% increase. Shiba Inu’s profits significantly outpaced the 5% increase in BTC and Ethereum in the last 24 hours.
Shiba Inu thus ranks among the most traded and largest hodling tokens among the 1,000 largest ETH wallets, according to the whale surveillance web portal.
400 million XRPs sent by Ripple, Anonymous Whale and ODL
In the last 21 hours, according to data provided by Whale Alert, technology giant Ripple and several of its ODL platforms, along with an anonymous wallet, have moved a staggering number of cryptocurrencies – almost half a billion XRPs. The total value of the transferred amount of XRP is a staggering 355,789,083 USD in fiat.
The owner of the unregistered wallet moved an incredible 229 610 300 XRP from his address 3GmhuPLe8PWL4WJbSr8Uaj72o9ed3YETU to rUtSrjgTrten98AYPgJSVTGVY9Qx7Esrxr in one piece.
That equates to $ 194,163,040. The analytical data platform that deals with XRP, Bithomp, did not provide any data on the owners of these wallets.
Satoshi-Era BTC Wallet activated, holding $ 15 million after 2,290x Rise
The Whale Alert monitoring service announced on Twitter that a sleeping BTC wallet had been activated in the last eight hours. It has not been active since 2013 – just a few years after the mysterious BTC creator Satoshi Nakamoto disappeared from the radar, but the bitcoiners could still feel the shadow of his presence.
– Whale Alert (@whale_alert) December 21, 2021
The wallet contained 321 BTC. Now, after nearly 9 years, the value of this cryptocurrency has climbed from just $ 6,594 to an incredible $ 15,103,046. BTC in the wallet has risen sharply by approximately 2,290 so far.
Banks, crypto exchanges, companies
BitMEX crypto exchange launches its own token
BitMEX crypto exchange is about to launch its own token and will airdrop it on existing and new users. BitMEX is one of the oldest crypto exchanges and is currently in litigation with the US Department of Justice and the Commodity Futures Trading Commission.
Announcing the news on Tuesday, BitMEX said its BMEX token would be airdropped by February 1, 2022 in BitMEX customers’ wallets.
New users with a completed KYC can register and receive 5 BMEX tokens and 10 stable Tethercoins (USDT). Existing traders will receive BMEX tokens during trading. There is also a referral program for users who can recommend to register 3 friends with a completed KYC and get 15 BMEX tokens.
Dubai World Trade Center will become a cryptocentre for regulation
United Arab Emirates (UAE) is becoming one of the most friendly cryptocurrency jurisdictions in the world, and the Dubai government has announced a new program to support the development and regulation of local cryptocurrencies.
The Dubai World Trade Center (DWTC), the government’s event and exhibition facility in Dubai, said on December 20 that it would become a comprehensive zone and regulator for cryptocurrencies, products, operators and exchanges. The Dubai World Trade Center will provide this city’s promising industry with a full-fledged environment.
The Dubai World Trade Center will work with the private sector and other relevant actors in Dubai to create a favorable environment for the sector and to enforce strict standards for investor protection, anti-money laundering (AML), and anti-terrorist financing (CFT) rules. and monitoring cross-border transactions.
Russia does not ban cryptocurrencies, but is trying to regulate the circulation of digital assets
Russia’s central bank intends to introduce legislation to regulate the circulation of cryptocurrencies in the country, not to ban it, the TASS agency said.
In an interview with reporters at the State Duma on Monday, December 20, Deputy Chairman of the Central Bank Vladimir Chishuchin indicated that privately run cryptocurrencies could soon be excluded from the country’s financial systems.
Responding to the question of whether the central bank supports a ban on financial transfers from Russian citizens’ bank accounts to cryptocurrency exchanges, the regulator said:
“In Russia, it is forbidden to make financial transfers from citizens’ bank accounts to cryptocurrency exchanges.”
Chishuchin added that Russian citizens and businesses can buy and store cryptocurrencies, but not through domestic infrastructure or intermediaries.