The month of December is usually a month of celebration for the world, especially when the streets are filled with joy, but what has happened in the crypto market this week? What are the most important crypto news? We tell you!
TOP crypto news that you cannot miss
Today we bring you the TOP of the most outstanding news that took place during this second week of December in the crypto market. Is there joy in the market?
Bitcoin continues its pattern of adoption
This week another giant named Massachusetts Mutual Life Insurance Co. invested $ 100 million in Bitcoin for its general investment account. According to the press release, the purchase was facilitated by NYDIG, a firm that specializes in the crypto management of Bitcoin and other cryptocurrencies.
In this way, your investment in Bitcoin represents 0.04% of MassMutual’s overall investment account of nearly $ 235 billion as of September 30.
Meanwhile, MicroStrategy continues to increase its stake in Bitcoin. Last week it invested another $ 50 million in the leading crypto, and this week the firm reported selling $ 650 million in debt securities to acquire Bitcoin.
That’s right, MicroStrategy reported in the note to its investors this week that it “intends to invest the net proceeds from the sale of the notes in Bitcoin.” At the moment the acquisition has not been confirmed, but we could see it this coming week.
Likewise, the director of Twitch also announced this week that he will invest 25% of his wealth in the leading crypto. Who will be the next to join the crypto market?
JPMorgan bets crypto leader will supplant gold
This week, strategists at JPMorgan Chase & Co reported their prediction regarding Bitcoin and gold. Specifically, strategists at JPMorgan predict that institutional investors are moving from gold to the leading crypto.
Therefore, they point out that, if the current trend continues in the coming years, the detrimental effect of Bitcoin on the price of gold will be greater. This crypto news is, without a doubt, one of the most TOP of the week due to the implications it has for the community.
laBITconf 2020 was carried out successfully
On Monday, December 7, one of the most relevant conferences in the region began, laBITconf, which came to a successful end on December 11.
The event, covered by CriptoTendencia, had the participation of well-known personalities in the crypto world and a variety of topics were discussed.
Some of the most interesting topics were: Andreas Antonopoulos’s thinking about digital money, Giacomo Zucco’s talk about the three crypto pigs, how to install a Bitcoin node explained by Julian Dragonosh, and many more.
If you want to know more about the laBITconf presentations, we invite you to review our coverage.
Ethereum’s First Crypto ETF Goes Public
Ether Fund, the exchange-traded fund based on the price of Ethereum, has been officially listed on the Toronto Stock Exchange after raising more than $ 75 million.
The fund is managed by 3iQ and will have nearly 134,000 ETH managed by Gemini’s custodial services. This is a great achievement for the crypto community after years of hard work and, therefore, it is part of the most TOP of this week.
Other crypto news that you cannot lose sight of
- Atari partnered with Enjin, the Blockchain gaming platform, with the aim of encouraging developers to create games using its crypto token.
- A New York Times investigation uncovered alleged child abuse and rape videos on Pornhub. This prompted Visa and Mastercard to withdraw their payment channels for the website.
- Paul graham public his opinion which could be linked to the previous news where he suggests that credit card companies making such decisions could ultimately be a boon for crypto.