Retail investors continue to invest in Bitcoin
Retail investors are investing heavily in Bitcoin despite all the negative news surrounding the crypto market.
Glassnode states that wallets holding less than 1 BTC have added about 86.2K BTC to their holdings since the FTX bankruptcy. This has been the most prominent “peak balance increase ever,” reaching more than 1.21 million BTC, equal to 6.3% of the circulating BTC supply.
Brazil legalizes crypto as a method of payment
Brazil’s Chamber of Deputies approved a regulatory framework legalizing the use of cryptocurrencies as means of payment in the country.
The law, which is already approved and only requires the signature of the President of the Republic to be enacted, gives legal status to payments in cryptocurrencies for goods and services. BTC reacted positively to the news, gaining over $500 and is currently trading at $16,800.
Animoca Brands launches $2 billion funds to invest in metaverse
Animoca Brands, the Hong-Kong based game software company founded by Yat Siu, is planning to raise up to $2 billion to invest in the metaverse business.
In addition, Siu said that the raise would facilitate more investors to access Web3 companies. As many Animoca investors want exposure to mid-late-stage companies, the role of the fund is to provide such necessities.
Binance enters Japan with acquisition of regulated crypto exchange Sakura
Binance has bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country’s Financial Services Agency (FSA), for an undisclosed sum.
With the acquisition, the world’s largest crypto exchange by trading volume enters the Japanese market, adding it to the now substantial list of countries in which it has some degree of regulatory authorization.
OpenSea adds support for BNB Chain NFTs
BNB Chain will integrate its NFT onto OpenSea’s Seaport protocol by the end of the year. The move will enable multiple creator payouts, collection management and other benefits for BNB Chain creators looking to list and sell digital collectibles on OpenSea’s marketplace.
Currently, the platform supports NFTs from Ethereum, Polygon, Klaytn, Solana, Arbitrum, Avalanche and Optimism.
Huobi token surges after crypto exchange discloses airdrop of Dominica Coin
Huobi Global’s HT token jumped in digital-asset markets Tuesday after the cryptocurrency exchange said it would airdrop to users a new digital token to be issued by the Caribbean island of Dominica.
Huobi said the new “Dominica coin,” or DMC, will be issued “in due time” on Huobi Prime, the exchange’s exclusive token offering platform. The HT token is up 10.41% over the last 24 hours and up 30% over the past seven days.
25% of Aussies are crypto HODLers
According to a study conducted by Independent Reserve, the share of Aussies that own crypto assets has slightly shrunk compared to the figures from 2021. Nearly 29% of the locals were HODLers last year, while the current percentage is 25.6%.
Digital assets remain more popular among the younger demographic groups. Over 40% of the respondents aged 25-34 have some crypto owning. In comparison, less than 10% of those above 65 years old have jumped on the bandwagon.
TON launches bot on Telegram to trade and transfer cryptocurrencies.
A team of TON developers created a wallet bot to simplify crypto transactions for Telegram users.
The wallet bot also serves as a fiat conduit, allowing users to purchase TON with their credit card in the Telegram app.
Huobi partnered with Tron to launch first national token DMC
Huobi has partnered with Tron Network and DMC Labs to jointly launch the world’s first national token DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica.
The parties involved will also roll out the Dominica DID, also a first to a nation, in proper time. Both Dominica DID and DMC were originally issued on Tron Network.
Another $2 billion worth of Bitcoin withdrawn from Coinbase over weekend
Coinbase experienced withdrawals totaling roughly $2 billion worth of BTC over the weekend of Nov. 26 to Nov. 27, bringing the total amount withdrawn since Nov. 24 to $3.5 billion.
Roughly $1.5 billion worth of Bitcoin (BTC) was withdrawn from the exchange between Nov. 24 to Nov. 25.