Weekly Crypto Market News Round-Up (DEC 13 to DEC 19)

The crypto space continues to develop crypto projects that provide good services to all its users in the community. This is also one reason why there are now many countries and companies are starting to support the industry.

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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.

Basketball Legend Michael Jordan Taps Solana for NFT

Basketball Hall-of-Famer Michael Jordan has partnered with Solana to launch his own set of non-fungible tokens (NFTs) in 2022. These digital properties will highlight his greatest plays in the basketball world.

Specifically, Jordan is working with his son, Jeffrey, for their latest venture named Heir Inc., a platform that aims to connect athletes with their fans.

Idaho Central Credit Union Now Accepts Bitcoin Transactions

Bitcoin, the king of crypto assets, continues to be acknowledged by investors and companies around the world. Recently, the largest credit union in Idaho, U.S., has accepted Bitcoin services into its banking platform. In detail, Idaho Central Credit Union has partnered with NYDIG, an institutional Bitcoin broker.

iTrustCapital Expands DeFi Stack With Fireblocks Integration

America’s top software platform for buying and selling crypto via IRA retirement accounts — iTrustCapital, announces its integration with Fireblocks. The latter is a highly recognized infrastructure provider for digital asset businesses.

In detail, this development will allow iTrustCapital to further expand the custody of its client assets. More so, it will also bring competitive new services and products across the DeFi stack. In turn, this will provide a stronger level of security to their customers.

Ethereum Struggles Below $4k, Analysts Still Optimistic

The crypto world continues to maintain its uptrend position despite the market’s wild volatility. Ethereum is one of the solid digital assets in the space that keeps its fight against the bearish markets. This aggressive performance of the crypto made analysts and investors in the space monitor its achievements.

This made The Wolf Of All Streets react in a tweet post,

Crypto Mining gets Greener, Faster After Elon Musk Criticism

In less than 8 months after triggering a huge market collapse, crypto mining has metamorphized as faster and greener. This is according to a study of several leading crypto mining companies like EV Battery Technology, Riot Blockchain, BIT Digital, and Bitfarms to name a few miners.

Binance and MDI Ventures to Expand Blockchain Ecosystem in Indonesia

One of the biggest names in the blockchain and crypto industry — Binance, has struck a joint venture with a group led by MDI Ventures (MDI). Together, the entities plan to expand the blockchain ecosystem in Indonesia.

In detail, this team is aiming to boost the development of blockchain in Indonesia by developing a new Indonesian-based digital asset exchange. Indeed, this is an exciting venture for the nation as well as the entire crypto industry.

Is the Crypto Supercycle Still Going to Happen Soon?

The crypto market is bleeding badly again despite previous attempts to have a green holiday season. Despite calls saying that the crypto supercycle is going to happen this year, particularly from November to early January, current prices are hinting otherwise.

Among the top ten cryptocurrencies on CoinGecko, only Dogecoin is in the green. This is partly due to Tesla CEO and now TIME’s Person of the Year Elon Musk’s comment regarding his favorite meme coin.

Germany’s Top Savings Bank to Offer Bitcoin to Clients

Germany’s biggest savings bank Sparkasse is planning to enable its clients to buy, sell, and hold bitcoins. According to various media sources, the bank is already working toward the mentioned goal and will possibly launch the service in 2022.

This ongoing project of Sparkasse was previously confidential, although German publication Finance Forward revealed the details today. Earlier, the bank has been very cautious of cryptocurrencies and has been informing its customers of risks associated with this type of asset.