Ethereum price reached its highest level since May 2018. In line with the increasing demand and volume, gas prices also increased. While the increase in prices was welcomed, the increase in gas prices reduced the positive atmosphere. Gas fees have climbed to a three-month high, according to Bitinfocharts.com.
Goldman Sachs Evaluates Bitcoin and Gold Relationship
Banking giant Goldman Sachs stated that Bitcoin in its current form does not pose a serious threat to the gold market. Bitcoin, which went up to $ 23,700 on December 17 and broke the all-time price record, increased its market value to $ 427 billion.
$ 1 Million Bitcoin Gift from Famous Rapper
American rapper Megan Thee Stallion has joined forces with Square's mobile payment service Cash App to send $ 1 million worth of Bitcoin to his followers. In a follow-up Tweet, the hip-hop star said that Bitcoin is trending to rise over time, urging people to "trade cryptocurrencies".
Grayscale Adds 2.5 Billion Dollars to the Money Managed in 3 Days
Grayscale announced that it has $ 15.5 billion under its management with Bitcoin, Ethereum and many other cryptocurrencies. Just 3 days ago, this amount was $ 13.1 billion. The increase in the value of cryptocurrencies also caused an increase in Grayscale assets.
Twitter CEO's Bitcoin Investment Doubled
Twitter CEO Jack Dorsey has doubled his profits with his Bitcoin investment with his other company, Square. Square announced in October 2020 that the company's 1% reserve was allocated to Bitcoin, purchasing BTC worth $ 50 million. He bought 4,709 BTC at 10,600 dollars.
Transfer Fees Increased by 3X in 1 Week in Bitcoin
The average transfer fee last week was around $ 2.7, according to BitInfoCharts data. As of yesterday, according to current data, the average Bitcoin transfer fee has increased to $ 8.15 levels. Bitcoin transactions increased with the movement in the bitcoin price. For this reason, the increase in the number of transfers has increased the difficulty in mining approvals. For this reason, mining fees have also increased.
Elon Musk Makes New Statements For Bitcoin
Elon Musk posted on Dogecoin (DOGE) on December 20, and the DOGE price rose more than 20% after that. Musk then shared a few tweets about Bitcoin and compared it to fiat currency.
Thousands of Ledger User Information Hacked
A hacked database of more than one million Ledger customer e-mails has been made available on the hacker site Raidforums. Data was stolen during the hacking of the hardware wallet manufacturer's e-commerce database in June 2020. No financial information, recovery phrases or private keys were exposed in the attack.
US Treasury Department To Recruit Experts To Fight Crypto Crimes
The United States Department of Treasury is seeking expert advice on cryptocurrencies to tackle the legal challenges associated with the crypto industry. KYC will be made mandatory for personal wallets and blockchain nodes, especially in terms of legal procedures.
American Express Invests in Institutional Crypto Trading Platform FalconX
Traditional asset managers, who see cryptocurrencies as a protection against inflation, seem to have increased interest in cryptocurrencies with the latest macro-economic policies. American Express announced their support for FalconX, especially as it provides one-stop research and pricing and brings simplicity to the increasingly complex digital asset space through a platform.
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