Daily news update: December 23rd, 2021

ethereum, week 28, daily

Crypto market update

The infamous psychological and technical resistance level at $50,000 has proven again too tough for Bitcoin to overcome. The cryptocurrency is currently retracing back to $48K, but many altcoins on the other hand are not following the leader of the market and are even charting new highs.

Bitcoin (BTC) is now trading at 48,531 USD (all data from Coingecko.com)

Ethereum (ETH) is now for 3,944 USD

PlatonCoin (PLTC) is now for 0,793 USD

Total marketcap is currently at 2.395 trillion USD

Daily news update

Jack Dorsey and venture capitalists: Former Twitter CEO and co-founder Jack Dorsey launched a series of disparaging tweets against venture capitalists and corporations. Dorsey’s latest tweets, made over the course of two days, remarked that “the problem” was with VCs, not end-users. He said that retail investors and users don’t own Web3, but that VCs and their limited partners do.

Donald Trump and crypto: Former US President Donald Trump recently reiterated that he’s not a fan of cryptocurrencies, despite saying positive things about former first lady Melania Trump’s recently-announced NFT platform. However, Trump went on to decry cryptocurrencies as “a very dangerous thing,”. Well, I never loved it, because I like to have the dollar, I think the currency should be the dollar, so I was never a big fan. But it’s building up bigger and bigger, and nobody’s doing anything about it.”

Ripple and best year despite obstacles: Despite the ongoing litigation between Ripple (XRP) and the United States Securities and Exchange Commission (SEC), the digital currency has seen significant growth on the international stage.

Uniswap and Polygon: Last month, Polygon co-founder Mihailo Bjelic submitted a proposal on the Uniswap governance portal to deploy Uniswap v3 on Polygon. The Uniswap community then voted to accept the proposal last week. More than 72 million Uniswap (UNI) token holders supported the move, and as a result, Uniswap is now live on Polygon.

Visa and Currencycloud: Visa – the leading payment processing company – has completed the acquisition of CurrencyCloud for a whopping 700 million British pounds, worth around $925 million. The latter is a platform that allows banks and fintech companies to provide foreign exchange solutions for cross-border payments.

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