Weekly Crypto Market News Round-Up (DEC 06 to DEC 12)

The crypto world keeps increasing its popularity across different companies and countries worldwide. As a result, many crypto startups are springing like mushrooms in the space. This scenario can be considered as one of the factors that helped the crypto market on its uptrend position nowadays.

However, do you ever wonder what are the other reasons behind the surge of the crypto market lately?

In this CryptoNewsLand article, we will discuss most of the highlights in the crypto world in the past seven days. So, without further ado, here is the hottest news in the crypto world that you might have missed this week.

AscendEX (Bitmax) Loses $78 Million to Hackers

Cryptocurrency exchange AscendEX, formerly Bitmax, is the latest crypto exchange to fall victim to hackers. The exchange recently disclosed a breach in the exchange’s hot wallet.

Read more Here : AscendEX (Bitmax) Loses $78 Million to Hackers

Bitcoin Withdrawal Enabled After $200M BitMart Hack

According to an email sent to BitMart users, the exchange is still conducting its investigation regarding the security breach. Specifically, on December 4, a person that they have yet to identify has gained access to critical private keys for a Binance Smart Chain (BSC) wallet and an Ethereum (ETH) wallet. This enabled the hacker to nab $200 million worth of cryptocurrency.

Read more Here : Bitcoin Withdrawal Enabled After $200M BitMart Hack

Investment Fund Rockaway Capital Invests $5M to 1Inch

Prague-based investment fund Rockaway Capital has poured 100 million Czech koruna ($5 million) into decentralized exchange (DEX) aggregator 1Inch through its Rockaway Blockchain Fund (RBF).

Read more Here : Investment Fund Rockaway Capital Invests $5M to 1Inch

WhatsApp Implements Crypto Transfer for US Users

WhatsApp has started implementing its cryptocurrency transfer function exclusively for American users beginning December 9. Specifically, users in the said country can have the option of sending and receiving money via the Novi digital wallet app.

Read more Here : WhatsApp Implements Crypto Transfer for US Users

Digital Euro, Swiss Franc Trial Successful. Pound Soon?

The central banks of Switzerland and France announced the success of their trial of a cross-border central bank digital currency (CBDC) between the euro and the Swiss franc. Named Project Jura, the trial is the first time that these tokenized fiat currencies saw full-scope testing.

According to a report by Reuters, the trial exhibited the possibility of settling foreign exchange transactions in wholesale CBDCs. Also, this feat proves that central banks can issue, redeem, and transfer tokenized euro-denominated French commercial paper among multiple financial institutions. 

Read more Here : Digital Euro, Swiss Franc Trial Successful. Pound Soon?

Grayscale: 26% of Americans Own Bitcoin

Grayscale Research, the intelligence arm of the investment company, published its 2021 Bitcoin Investor Study. The research focused on the Bitcoin market in the US, in which 1,000 participants were involved in some form of personal investing. 

According to the study, at least 26% of people in the US now own bitcoin. This is an increase from 23% of last year’s research participants. Of these investors, at least 55% said that they purchased their bitcoin in the last 12 months.

Read more Here : Grayscale: 26% of Americans Own Bitcoin

BSC, Animoca Brands Launch $200M NFT Gaming Fund

Binance Smart Chain (BSC) has announced that its partnership with Animoca Brands will ensure the launching of a $200 million blockchain gaming investment program. According to an announcement, this program will focus on incubating GameFi projects on the Binance Smart Chain blockchain.

Read more Here : BSC, Animoca Brands Launch $200M NFT Gaming Fund

Disclaimer Read More

Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

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