Bitcoin rose by 5.28% yesterday evening and broke a record for the first time, exceeding $ 29,000. Climbing to an all-time high, Bitcoin continues its bull run before Christmas. Institutions rather than retail investors are thought to have driven this record-breaking rise.
Russia's Oil Giant Builds Bitcoin Mining Facility
Gazprom, Russia's leader, and the world's 10th largest oil producer, opened a venue for cryptocurrency mining in one of its oil drilling facilities in Siberia and made the power of Russia's oil and natural gas resources ready for the needs of Bitcoin mining. The company has its own power plant that converts gas into electricity.
Jed McCaleb Sold 1.2 Billion XRP in 2020
Data released by Whale Alert stated that Ripple co-founder McCaleb sold 1.2 billion XRP this year. McCaleb, who still sent XRP to his wallet after leaving the company in 2013, earned about $ 411 million in 2020 with XRP sold at an average of $ 0.34. McCaleb stopped XRP sales 2 days after the lawsuit against Ripple.
Latest Statement on the Case from Ripple
Ripple, which will hold the first hearing of the case with the SEC in New York on February 22, 2021, referred to the investor grievance caused by describing the case largely as an attack on the cryptocurrency industry. Stating that the water was unnecessarily clouded, Ripple added that most of its customers are not in the US, adding that the company is looking forward to the hearing and as a result, the cryptocurrency industry may finally gain clarity.
$ 1 Billion Bitcoin Fund Goal
One River Asset Management has committed that the $ 600 million Bitcoin fund they have in their portfolio will be $ 1 billion in 2021. The fund, which has become one of the largest Bitcoin investors, is another example that Bitcoin, which previously attracted individual investors, is now also attracting institutions.
XRP Transfers Set a Record
Approximately 377.3 million XRP has been transferred from major accounts and Coinbase in the last 13 hours, in line with the data obtained. This corresponds to 79 million dollars. On the other hand, in the last two transfers, 60 million XRP was transferred from anonymous wallets to the largest US-based exchange.
Circulating Bitcoin Supply Of Just 4.2 Million
In the post of analyst firm Glassnode, there was an analysis showing that 78% of the Bitcoin supply was illiquid. This rate corresponds to 14.5 million Bitcoins. Considering that the total Bitcoin supply is approximately 18.7 million, the Bitcoin used in trading transactions is only 4.2 million. This indicates a strong long-term prospect and a bull market.
Nasdaq Company Receives Marathon Another 70K Bitcoin Mining Device
Marathon, the largest mining company in North America, announced that they have purchased another 70,000 mining devices from the mining machine company Bitmain for $ 170 million. Thus, the company tripled the number of machines. A significant increase in productivity is expected in production activities.
American Football Star Russell Okung's Salary Will Be Paid In Bitcoin
National Football League famous American football player Russell Okung will receive half of his annual salary, which is $ 13 million, in Bitcoin from now on. Okung, in a tweet he shared earlier, stated that he wanted to get a salary with Bitcoin. The famous star thinks Bitcoin is a way to re-declare financial independence.
Physical Crypto Bank Opened In India
A crypto bank began opening physical branches in India through a joint venture between Cashaa and the United Multistate co-up Society. Customers who make physical transactions at branches can open bank accounts, buy and sell cryptocurrencies, and withdraw crypto-backed loans.
America's Well-Known Cryptocurrency Exchange Leaves XRP Off List
America's most well-known cryptocurrency exchange has announced that XRP transactions will be suspended as of January 13. Thus, Kraken remains the only major US exchange to list XRP. XRP made up 10% of the total volume on Binance US. Following the Binance US news, the XRP price declined from $ 0.22 to $ 0.20.
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