Cryptheory: Crypto and Internet

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27.12.[News of the day] • Mexican billionaire: Avoid Fiat … Invest in BTC • and other articles

5 min read

Welcome to today’s overview:


It was just a few days ago that the primary cryptocurrency was fighting for $ 48,000 after unsuccessful attempts to beat $ 50,000. At that moment, the situation changed when the bulls launched an impressive rise, which resulted in a final break of this level.

In the following hours, BTC continued to rise, approaching $ 52,000, its highest price limit in more than two weeks. However, yesterday the BTC fell by several thousand dollars and again found itself below 50,000 USD.

Nevertheless, the asset has regained that limit in the past 24 hours, reaching $ 51,000 today. To date, BTC is above the $ 50,500 mark.

Most altcoins have been mimicking BTC performance lately, and the last 24 hours have been quite similar. ETH fell to $ 4,000 yesterday, but a small daily increase confirmed its position above that particular level.

BTC analysis – where is the next target if the price exceeds $ 52,000?


Mexican Billionaire: Avoid Fiat… Invest in BTC

Mexican billionaire Ricardo Salinas Pliego has prepared an interesting New Year’s video for his more than 959,000 followers on Twitter. Ricardo Benjamin Salinas Pliego is the founder and chairman of the Mexican conglomerate Grupo Salinas. He is currently the third richest person in Mexico. On December 24, Salinas sent the following tweet:

“My dear 957,200 followers on Twitter, I leave you a message from #Navidad and # # FindeAñ, please listen to it and share. Embrace and all the success of the universe for all of you, may God give you health, a desire to live and get ahead, the world belongs to the dreamers! ”

And in the attached video, Salinas advises his followers to forget about keeping their savings in any fiat currency (because of the printing of money by central banks around the world) and invest in BTC instead.

240 million SHIBs were destroyed at Christmas, and 880.9 million have burned down since mid-autumn

The Bigger Entertainment team spread the news that during the burn party, which was broadcast live on their YouTube channel on Sunday, the amount of 239 600 144 SHIB was sent to the zero address and permanently withdrawn from circulation.

According to the Twitter account of its founder Steven Cooper, the company started burning Shiba Inu cryptocurrencies in October this year. Bigger Entertainment sells NFTs, merchandise and crypto tickets, allowing the SHIB to contribute to the amount of SHIB to be destroyed. In addition, users can listen to music on the project’s website, which also helps burn the second largest meme cryptocurrency.

The last burn party of this year took place on December 26. According to tweets and videos on YouTube, 239,600,144 SHIB tokens were burned, or sent to a “dead” address from which these coins cannot be withdrawn or spent. That’s the equivalent of $ 9,183.

Altcoin, built on Ethereum, suddenly fired more than 100% after the launch of a large product

The cryptoactive asset built on the ETH platform is in the middle of growth after the altcoin project reached several major milestones. Cratos (CRTS) is an ERC-20 token with a market capitalization of less than $ 500 million and currently ranks 185th among the largest crypto assets.

CRTS is a utility token designed to facilitate citizen participation in the Cratos mobile application, a real-time live voting platform where users can generate voting topics according to their preferences and other users can participate in the voting.

Last week, Cratos launched a global version of its app after it was previously only available in Korea.

Banks, crypto exchanges, companies

The “big four” companies are asking Indian managers to disclose investments in cryptocurrencies

The professional services companies ‘Big Four’ companies, Deloitte, EY, KPMG and PwC, have asked executives and partners of Indian companies to disclose in 2021 the cryptocurrency investments made by themselves or their families. The local media was the first to report to the Economic Times, saying it was part of the annual risk assessment process.

Deloitte and PwC have asked them to publish investments as low as 10 rupees, or 13 cents. The publication will also apply to the NFT. The big four want investment transparency.

CBDC, Regulation

Binance obtained the first regulatory approval from the Central Bank of Bahrain

Although Bahrain is the smallest country in the Persian Gulf, it is one of the most advanced cryptocurrency innovators in the Middle East and one of the first users of this technology in the region.

Coincidentally, Binance Holdings Ltd. has been granted permission from central bank of Bahrain to operate in the country as a cryptocurrency service provider, the company said in a statement.

Changpeng “CZ” Zhao, CEO of Binance, the world’s largest cryptocurrency exchange by volume, said the company was currently working on the entire application process, adding that the project would be completed “on time.”

Senator Cynthia Lummis of Wyoming will present an extensive cryptocurrency bill in 2022

According to Bloomberg, Wyoming Sen. Cynthia Lummis plans to present a comprehensive cryptocurrency bill in 2022. The bill covers several aspects, including taxation and supervision.

Wyoming Senator Cynthia Lummis said she would present a new bill on crypto technology in 2022. The information comes through Bloomberg, and the senator’s chief assistant said it would be a comprehensive bill that would cover many aspects with respect to the asset class.

Lummis itself owns BTC and is known to be very supportive of this asset class. She is also a member of the Senate Banking Committee.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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