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🗞 Daily Crypto News & Video, December, 30th💰

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Written by   210
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Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

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🗞 Bitcoin Sets New All-Time High Above $28.5K; Bulls Back in the Driver’s Seat

After seeming to take a couple of days to catch its breath following its record-setting run over the weekend, the price of bitcoin (BTC) once again resumed its torrid upward pace, setting a new all-time high $28,579.59 early Wednesday morning.

  • BTC topped the previous high-water mark of $28,352.63 set less than 72 hours earlier, before dropping back to $27,772.99, up 4.14% in the last 24 hours. The price of BTC (+4.08%) has risen more than 295% year-to-date.

  • Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 million in December); MassMutual ($100 million in December); and Guggenheim (up to 10% of its $5 billion macro fund).

Ether lower on active retail trading activities

The second-largest cryptocurrency by market capitalization, ether (ETH) was down Tuesday, trading around $728.59 and down 0.47% in 24 hours as of 21:00 UTC (4:00 p.m. ET).

“The imminent introduction of ETH futures from the CME Group should spur additional adoption, especially among financial institutions looking to diversify digital asset holdings with another regulated product they are comfortable with,” Vinokourov said. “This, combined with [decentralized finance’s] continued surge, should help ETH to outperform BTC for the foreseeable future.”

🗞 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.

  • The regulated JPY-pegged stablecoin will be the first of its kind available to the public.

  • GMO is a Tokyo-based internet conglomerate and said it is the world's largest online FX trading platform.

  • The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.

“We’re breaking ground with our move to issue the first regulated JPY-pegged stablecoin, which many see as a safe-haven asset,” said Ken Nakamura, president and CEO of GMO-Z.com Trust Company, in a statement.

🗞 Panthers’ Russell Okung Becomes First NFL Player to Be Paid in Bitcoin

“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.

The arrangement comes by way of Zap, the bitcoin (BTC, +4.3%) startup founded by Jack Mallers. Zap’s Strike product enables traditional paychecks to be converted into BTC.

Okung’s just happens to be quite large. His $13 million yearly salary is being split 50-50 between bitcoin and fiat, Mallers said Monday in a phone interview with CoinDesk.

Mallers said other pro athletes, including unnamed members of the Brooklyn Nets basketball team and baseball’s New York Yankees, have also begun onboarding to the program. Mallers said the NFL and NFL Players Association had to be involved to get approval. It is unclear if such approvals are also required for the National Basketball Association and Major League Baseball.

How Strike works

Technically speaking, Okung is still being paid in fiat. Behind the scenes, however, is Lightning Network magic: Strike receives a direct deposit from his team, the Carolina Panthers, and then swaps dollars for bitcoin. That bitcoin is then sent to a cold storage wallet held by Okung, Mallers said. (To recap, Lightning is a secondary system for sending bitcoin in a cheaper and quicker fashion compared to using the Bitcoin network itself.)

🗞 Even Bittrex Is Halting Trading of XRP

Bittrex announced today that it will remove XRP, the fourth-largest currency, a week after the US Securities and Exchange Commission charged Ripple Labs with raising $1.3 billion by selling the coin in unregistered securities sales.

XRP’s marketcap has dropped by 66% since the SEC announced the charges December 22. At the time of this writing XRP was trading at $0.20, down 15.8% in the last 24 hours.

XRP’s marketcap has dropped by 66% since the SEC announced the charges December 22. At the time of this writing XRP was trading at $0.20, down 15.8% in the last 24 hours.

🗞 Daily Crypto Calendar, December, 30th💰

  • Kava.io (KAVA)

"December 30th, 2020 — Harvest v2"

  • Neblio (NEBL)

"Integration of NTP1 with IPFS."

  • Nucleus Vision (NCASH)

"Q4 2020 Implement Recovery Controls"

  • AS Roma Fan Token (ASR), Atletico Madrid Fan Token (ATM), OG Fan Token (OG)

"Binance will then list OG, ATM and ASR into the innovation zone at 2020/12/30 6:00 AM (UTC) and open trading with OG/BTC, OG/USDT..."

  • SparkPoint (SRK)

"Buyback and Burn Program (more than 368M SRK tokens to be burned)."

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