Crypto Brief Dec.21: Bitcoin price potentially breaks above $ 7800 or so plus Ripple, USDT, USDC, PAX, TRX, XLM, ShapeShift, Binance, Coinbase, KuCoin news

From two scenarios of the BTC price moves to privacy doubts on Binance Singapore. These are some of the prominent news in the crypto space.

Crypto Brief Dec.21

Bitcoin News

Popular analyst Dave the Wave recently implied that BTC could soon recover based on Fib retracement levels.

In addition, he expected Bitcoin’s weekly MACD indicator to move upwards, which will launch the next round of growth on the BTC market.

Trader Scott Melker posted several consecutive tweets earlier today said that a double bottom pattern is forming on the chart. He said that a break of $ 7,100 (green line) could bring BTC up to $ 7,870 (green line). However, if the price breaks below $ 7,100, it can slide towards the black line – $ 6,526.

Bitcoin has seen volatile days from 2017 to now, with 20 times price movement over 20%.
The movements in one of two directions have many different causes, from incidents from all-time highs to short-term protests.

Even so, trader TeddyCleps noted that until Bitcoin reached a weekly close above the critical level at $ 7,000 and $ 8,000, (a historic support-turned-resistance), he will still doubt, implying further reduction.

10 million dollars BTC was sell-off

WhaleTrades reported that an anonymous investor sold more than $ 10 million worth of bitcoin for $ 7,125 on BitMEX, the largest cryptocurrency margin trading platform.

15.837 BTC transferred

Whale Alert has reported that within the past 24 hours, 15837 BTC has been transferred back and forth between unknown exchanges and wallets. In particular, there is a transfer of 10,000 BTC from an unknown wallet to Xapo, most likely selling.

Crypto Brief BTC 1

Source: Twitter

USDT, USDC, PAX News

Another 30 million USDT has just been minted at the Tether Treasury, according to Whale Alert. Fresh money will soon be put on the market.

Besides, after 35,028,442 USDC was minted yesterday, an additional 13,000,000 USDC was minted at USDC Treasury today. Shortly thereafter, the same amount of USDC was transferred from the USDC treasury to an unknown wallet

1,445,038 PAX has also just been minted at PAX treasury.

Stellar News

The Stellar Development Foundation (SDF) has announced a task to outline future spending plans. SDF currently holds 30 billion Stellar  (XLM), an amount equivalent to $ 1.3 billion. The company was tasked with spending those funds on Stellar development – primarily in the areas of development and promotion.

SDF has dedicated 12 billion XLM to allocate for direct development while dedicated 10 billion XLM for in-use investments. In addition, SDF has dedicated 2 billion XLM to support the Stellar ecosystem. Finally, SDF has dedicated 6 billion XLM for user acquisition.

This could explain why SDF transferred 9 billion XLM from SDF Operations to the unknown wallet earlier today, according to Whale Alert.

Crypto Brief Dec.21 XLM 1

Source: Twitter

 

ShapeShift and FOX News

A month ago, ShapeShift released a FOX token. It was interesting to see how monthly free trade volumes with FOX affected user engagement. We’ve estimated the type of users based on the distribution of FOX and also noticed a decrease in transactions from the distributor account.

100 FOX are accrued to each user who has passed KYC. Also, 0.25% of the trading value is earned back in FOX. According to the platform, there is no purchase of FOX tokens on the platform. As a result, the EtherDelta and Uniswap markets were created.

Ripple News

CEO Brad Garlinghouse said Ripple currently has more than 300 customers. He expects Ripple’s customer base to grow by 30-40% by 2020 and says its online transaction volume will increase by more than 600%.

While XRP may be more efficient than traditional money transfer methods like bank transfer, skeptics question whether Ripple will have a role in the future.

The price of XRP is still not really good compared to the rest of the market at the end: down about 50% since January 1 this year.

Binance News

Twitter user Catxolotl reported that he received a message from Binance Singapore announcing that his withdrawal was suspended due to risk management for the user. The exchange stated that it had reason to believe the individual had used the CoinJoin money mixing service. This is a standard feature of the Wasabi wallet focused on privacy.

He raised his privacy concern when Binance knew he was sending to Wasabi when all he entered was bc1 address, nothing more.

KuCoin News

To provide a new and better trading experience for users, KuCoin’s KuMEX has increased its maximum leverage to 100x for perpetual bitcoin contracts. Users can now select any leverage between 0.01x and 100x.

Tron News

The first DeFi will go live on the TRON network on the 24th of December, 2019, and is promised to be backed by BitTorrent (BTT) and WINk (WIN).

TronLink supports TRX, TRC10, and TRC20 tokens. It enables users to get deeply involved with TRON‘s ecosystem building and also opens up SDK and testing environments to fully serve developers and expand TRON’s ecosystem through joint efforts. 

Meanwhile, TeamJust is about to be launched on the TRON network.  

Coinbase News

Coinbase CEO Brian Armstrong has been granted a patent for a system that allows users to trade Bitcoin via email directly.

Issued by the US Patent and Trademark Office (USPTO) on December 17, this method allows users to make Bitcoin payments using email addresses attached to wallet addresses, without incurring transaction fees.

Astro joined Coinbase

The Astro Wallet team has joined Coinbase. For the past two years, the team has focused on innovating UX for crypto. The team will continue its efforts towards a shared mission of creating an open financial system for the world after partnering with Coinbase.

Other News

Argentina posted highest LocalBitcoins volume

Argentina broke a record on LocalBitcoins when the platform recorded the highest volume of transactions ever in the past two weeks.

During the week of December 7, LocalBitcoins in Argentina recorded a trading volume of 22,466,140 Argentine pesos. In the following week, it recorded 21,513,195 Argentine pesos. Both are record-breaking compared to the transaction volume recorded just three weeks ago.

Crypto Brief Dec.21 Argentina

Source: Coin.dance

GSR teamed up with Interhash to provide risk management solutions for Bitcoin miners

In a December 20 press release, GSR, a liquidity service provider and a digital asset market maker, announced a partnership with Interhash, a mining service company and a strategic partner of Canaan.

The purpose is to provide risk management solutions for bitcoin miners on the Canaan network, allowing them to guard against losses and make profits from inventory.

GSR will provide a customized suite of products, including swaps, collars, and many other bespoke structured tools from January 2020. They will provide a barrier against volatile factors such as Bitcoin price, mining difficulty, electricity, and equipment costs.

JCB Japan signed MoU with Paystand to apply blockchain-based B2B payment solution

Japan’s leading credit card issuer JCB plans to adopt a new business-to-business (B2B) payment solution based on blockchain technology.

JCB signed a Memorandum of Understanding (MoU) with the Paystand blockchain-based commercial payment platform to develop digital payment platforms for businesses and customers in Japan.

This aimed at cutting costs and delays related to online internet money technology is still being implemented on Japan’s a $ 10 trillion B2B market, which is still dominated by cash transactions. Only 1% of commercial payments in Japan are made via credit card.

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