Altcoins, Bitcoin, Blockchain, Crypto Mining News, Cryptocurrency, News & Updates

Bitcoins and Pieces: Pre-Christmas Edition

Blockchain News

  • Woori Asset Trust, an associate of the South Korean business banking monster Woori Bank, has uncovered designs to co-dispatch a blockchain stage arrangement that will permit people to exchange advanced protections 2021. As indicated by Fn Times, the trust (in the past known as Kukje Asset Investment Trust), is now grinding away with anonymous accomplice organizations on designs to “guarantee secure advanced protections exchanging records on a conveyed record stage” one year from now, and will likewise hope to give recipient authentications dependent on land trust contracts in 2021.

Exchanges News

  • The Singaporean financial monster DBS has formally dispatched its crypto trade. After recently affirming that its DBS Digital Exchange stage would undoubtedly dispatch – after a clear incident that uncovered the organization’s arrangements before in the year – the new platform started Friday last week, according to Nikkei.
  • Injective, a DeFi protocol for cross-chain subsidiaries exchanging, said it dispatched its decentralized stock exchanging through associations with Terra and Band Protocol. “All users across the globe will now get access to equity trading, starting with the FANG index composed of Facebook, Amazon, Netflix, and Google, with more stocks to be added in the near future,” the organization stated in a messaged official statement.

Security News

  • The EXMO crypto exchange has suffered an apparent hack that has seen 5% of its crypto holdings vanish from the platform. The company said it has “temporarily suspended” all withdrawals after “detecting” what it termed “suspicious withdrawal activity” on December 21, 2020. In an official announcement, the trading platform stated that a “security audit report showed that some amounts” of BTC and five major altcoins were “transferred out” of the exchange’s hot wallets.
  • Recently exploited decentralized finance (DeFi) platform Warp Finance said they have recovered the exploiter’s loan collateral in the form of ETH/DAI-LP tokens. The value is approximately USD 5.85m, which is ~75% of the USD 7.76m lost funds, they added.
  • Italian police said on Monday a man who ran the BitGrail crypto exchange that was declared bankrupt last year is suspected of being responsible for a series of hacks that caused losses of EUR 120m (USD 146m), Reuters reported. More than 230,000 people were defrauded by the theft of Nano, it added.

Investing News

  • US-based business intelligence company MicroStrategy confirmed that it had purchased an additional approximately BTC 29,646 for approximately USD 650m in cash at an average price of approximately USD 21,925 per bitcoin, inclusive of fees and expenses. As of December 21, 2020, the company holds an aggregate of approximately BTC 70,470, which were acquired at an aggregate purchase price of approximately USD 1.125bn and an average purchase price of approximately USD 15,964 per bitcoin, inclusive of fees and expenses.
  • Christopher Wood, Global Head of Equity Strategy at Jefferies, a US-based investment bank, said he’s trimming exposure in gold in favor of bitcoin in his long-only global portfolio for US dollar-denominated pension funds, Business Standard reported. The 50% weight in physical gold bullion in the portfolio will be reduced for the first time in several years by five percentage points with the money invested in BTC, it said, adding that Wood plans to increase exposure to the crypto in this portfolio on any correction.
  • BTC is now overbought, strategists at US-based major investment bank JPMorgan said, adding that the BTC flows into the Grayscale Bitcoin Trust (GBT) “are too big to allow any position unwinding by momentum traders to create sustained negative price dynamics,” as reported by Bloomberg. According to Grayscale, GBT and several other crypto trusts are currently unavailable.

Leave a Comment

Leave a Reply