Surging prices, anticipation, and steady coin interest round out today’s headlines.
HNWI Moving BTC to Coinbase Custody
Over the last two weeks, over 12k BTC have been moved from Coinbase Pro to Coinbase’s custody, the CEO of CryptoQuant, Ki-Young Ju notes.
Ki has been keeping taps of proceedings over the last few days, tabulating the number of coins and the receiving address with every bulk transfer.
In his assessment, the CEO projects that the Bitcoin price will face headwinds in days ahead. Specifically, he notes that over the last few days—since Dec 25, few institutions—as gauged by the number of Grayscale’s BTC holdings, have been plateauing.
For a stronger break above $30k, institutional interest must increase, providing the necessary impetus for the BTC/USD price to break above this round number, propelling prices to $31k and even $50k in the medium term.
Bittrex to Delist Privacy Coins—Monero, Zcash, and Dash; Lambasted by Antonopoulos
In November, ShapeShift delisted Monero, Zcash, and Dash explaining that it was de-risking. Governments are determined to choke-off liquidity to privacy coins.
Following the lead, Bittrex, will from Jan 15, delist the same privacy coins. For their move, Antonopoulos said this was an inevitable escalation from governments toward totalitarian financial surveillance.
The exchange, unlike ShapeShift, didn’t provide any reason for their action. Many speculated that regulators are pushing to impose KYC and AML rules.
However, Jesse Powell jumped in and provided clarity saying there has been no regulatory assertion from this point in time.
Grayscale is Greedy, Ramps up XRP Purchase amid a Wave of Exchange Delisting
Going against the grain, sticking by Buffett’s mantra, Grayscale bought more XRP coins when exchanges planned to delist the fourth most valuable coin.
Facing a court date with the SEC, the XRP price crumbled as the regulator trained its eyes on the asset, claiming it is a security.
On Jan1, statistics showed that the asset manager’s XRP holding is up 3.2 million units week-to-date according to Bybt.
Crypto Current will be guiding all of you who are new to the cryptocurrency world to becoming a cryptocurrency and blockchain expert. Crypto Current was founded to give access to information to everyone on current events occurring in cryptocurrency and blockchain in a digestible way. Since its creation, we have created content that impacted thousands of people through its podcast, blog, and social media.