1. Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish
Few seem to be bothered by bitcoin’s volatility on Tuesday, as the №1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull.
2. Anthony Scaramucci’s SkyBridge Capital investment firm has invested $182 million in bitcoin
The firm, which has $9.3 billion under management, is launching the SkyBridge Bitcoin Fund LP in January, according to Securities and Exchange Commission documents filed on Dec. 21, as CoinDesk reported.
The bitcoin (BTC, +6.66%) fund has already invested $25 million in bitcoin, it announced in the brochure. The new fund will be open as of Jan. 4 to outside investors putting up at least $50,000.
3. “Pay me in bitcoin”has come true for National Football League player Russell Okung.
Some 20 months and a 273% price increase after he first tweeted that demand in May 2019, Okung will be the first player from any major U.S. sports league to be paid in bitcoin.
4. Polkadot Surges After Binance Home Page Listing, $10M Endorsement
Prices for DOT, the native token of Polkadot network and cross-chain protocol for data and asset interoperability, have risen more than 40% in the last week after two votes of confidence by Binance, the biggest crypto exchange by spot trading volume.
5. Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York
The New York Department of Financial Services has issued a trust charter to GMO-Z.com Trust Company, allowing it to “issue, administer and redeem” Japanese yen (JPY)- and U.S. dollar-pegged stablecoins in New York.
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December 30, 2020
