{"id":408233,"date":"2019-12-21T18:46:38","date_gmt":"2019-12-21T18:46:38","guid":{"rendered":"https:\/\/wncen.com\/?p=408233"},"modified":"2020-10-07T11:26:52","modified_gmt":"2020-10-07T11:26:52","slug":"crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/","title":{"rendered":"Crypto Tidbits: Bitcoin Returns to $7,200, Ripple Bags $200M Cheque, Tron CEO Donates to Greta Thunberg"},"content":{"rendered":"<p>Another week, another round of\u00a0<a href=\"https:\/\/wncen.com\/?s=Crypto+Tidbits&amp;lang=en\" data-wpel-link=\"internal\">Crypto Tidbits<\/a>.\u00a0This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to the upside, all within the span of a few days.<\/p>\n<p><a href=\"https:\/\/wncen.com\/category\/crypto\/bitcoin\/\" data-wpel-link=\"internal\">Bitcoin\u2019s<\/a>\u00a0latest bout of volatility has made the cryptocurrency put in a new six-month low at $6,400, plunging to that price point early Wednesday as bulls failed to step in. While BTC is now trading at $7,200, having recovered 10% as aforementioned, analysts are sure that a retest of these lows is an inevitability.<\/p>\n<p>This week also saw bouts of volatility in terms of developments in the industry.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-401851 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?resize=806%2C535\" alt=\"\" width=\"806\" height=\"535\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=3000 3000w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_297224420-e89.jpg?w=1140 1140w\" sizes=\"(max-width: 806px) 100vw, 806px\"><\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2019\/12\/14\/crypto-tidbits-bitcoin-mining-china-ethereum-istanbul-live-bank-blockchain\/\">Crypto Tidbits: Bitcoin Mining Still China-Centric, Ethereum Istanbul Live, Banks Use Blockchain For Bonds<\/a><\/h6>\n<h2>Bitcoin &amp; Crypto Tidbits<\/h2>\n<ul>\n<li><a href=\"https:\/\/wncen.com\/2019\/12\/20\/xrp-not-likely-a-challenge-to-bitcoin-despite-ripples-10-billion-valuation\/\"><strong>Ripple Completes $200M Series C Round<\/strong><\/a>: According to a <a href=\"https:\/\/fortune.com\/2019\/12\/20\/ripple-raises-200-million-xrp-cryptocurrency\/\" rel=\"nofollow\">report from Fortune<\/a>, Ripple has just completed a massive funding round that values the company at $10 billion, making Ripple one of the largest blockchain companies on the market at the moment. The investment that valued it at $10 billion, $200 million \u2014 sourced from global investment firm Tetragon, Japanese finance-centric conglomerate SBI, and Route 66 Ventures. A $10 billion valuation makes Ripple more valuable than WeWork, once the world&#8217;s hottest startup. Apparently, the funds, while not needed to fund operations, will give the company \u201cBalance sheet flexibility\u201d as it looks to hire upwards of 150 new employees in 2020 and introduce new overseas offices to facilitate said employee additions.<\/li>\n<li><strong>ErisX to Launch Bitcoin Futures&#8230; Soonish:\u00a0<\/strong>For months, Bitcoin investors have been waiting for ErisX to launch. The exchange has been backed by a swath of Wall Street and crypto names, including but not limited to Bitmain, CBOE, CME, ConsenSys, Digital Currency Group, Fidelity Investments, Nasdaq, TD Ameritrade, and Pantera Capital. It seems that it&#8217;s finally launching.\u00a0 According to a <a href=\"https:\/\/www.erisx.com\/wp-content\/uploads\/2019\/12\/Market-Notice-19-13MN-ErisX-Market-Hours-Futures.pdf\" rel=\"nofollow\">market notice published<\/a> to ErisX\u2019s official website dated December 16th under the premise of \u201cNotification of Trading Hours for Futures Digital Currency Products,\u201d the Exchange has \u201cset forth the following trading hours for Future Digital Currency Products beginning Tuesday, 12\/17\/2019 (today, on the day of this publishing) until further notice.\u201d Trading for the physically-settled Bitcoin futures will begin next year.<\/li>\n<li><strong><strong>Fidelity May Add Ethereum to Existing Bitcoin Support: <\/strong><\/strong>Fidelity Investments executive Tom Jessop recently\u00a0<a href=\"https:\/\/www.theblockcrypto.com\/linked\/50576\/fidelity-digital-assets-intends-to-support-ethereum-in-2020\" rel=\"nofollow\">sat down with industry outlet The Block<\/a> to talk Fidelity Digital Assets\u2019 latest updates. During the podcast episode, Jessop said that the firm has \u201cdone a lot of work on Ethereum\u201d over recent months, and is looking to add support for the second-largest cryptocurrency by market capitalization within the coming year. The catch: clients of the firm need to show that they demand Ethereum, for Bitcoin, the digital currency with the longest track record, has long been the star of the institutional crypto show due to risk factors.<\/li>\n<li><strong>Fidelity Incorporates UK Firm to Offer Bitcoin Services in Europe:<\/strong> Speaking of Fidelity, a<a href=\"https:\/\/www.fnlondon.com\/articles\/fidelitys-cryptocurrency-business-hunts-european-clients-20191217\" rel=\"nofollow\"> recent report<\/a> from Financial News has revealed that FDA has just \u00a0incorporated a U.K.-based branch, giving the financial giant an opportunity to offer digital asset services (like Bitcoin custody) to European clients, including \u201chedge funds and family offices.\u201d Financial News reports that the new entity does not hold any regulatory permissions at the moment. Heading this new branch will be Chris Tyrer, who joins Fidelity from Barclays Investment Bank, where he served as a managing director and led the institution\u2019s cryptocurrency-centric projects.<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Announcing Fidelity Digital Assets, Ltd., for access to our services in Europe. <a href=\"https:\/\/t.co\/3QuWbXDPrQ\" rel=\"nofollow\">https:\/\/t.co\/3QuWbXDPrQ<\/a> <a href=\"https:\/\/t.co\/XEYLZaJT8Y\" rel=\"nofollow\">pic.twitter.com\/XEYLZaJT8Y<\/a><\/p>\n<p>&mdash; Fidelity Digital Assets (@DigitalAssets) <a href=\"https:\/\/twitter.com\/DigitalAssets\/status\/14264832?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 17, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<ul>\n<li><strong><strong><a href=\"https:\/\/wncen.com\/2019\/12\/19\/what-a-binance-bitcoin-withdrawal-suspension-shows-about-privacy-kyc\/\">Binance Singapore Blocks Bitcoin Transaction<\/a>:\u00a0 <\/strong><\/strong>On Thursday, a Twitter user going by \u201cCatxolotl\u201d reported that Binance\u2019s Singapore subsidiary exchange, Binance Singapore blocked one of their Bitcoin withdrawals due to \u201crisk management\u201d concerns. The exact reason, the user in question was using Wasabi Wallet, a mixing-like solution that allows users to hide their coins. The team noted that for the withdrawal to be released, the user would need to provide the purpose of withdrawal to a privacy-centric wallet service with supporting documents, the user\u2019s current occupation, and their annual income range to corroborated the withdrawal size.<\/li>\n<li><strong><strong>Tron CEO Donates a Million to Greta Thunberg: <\/strong><\/strong>Announced in a tweet published Wednesday, Chinese cryptocurrency entrepreneur Justin Sun revealed that he will be donating $1 million U.S. to Greta Thunberg\u2019s climate initiatives, citing his similar underlying goal to \u201cchange the world.\u201d It currently isn\u2019t clear how Sun will be donating the money, or if Thunberg will accept donations made in Tron or other cryptocurrencies. Sun elaborated that he thinks that cryptocurrencies will be integral in \u201creducing carbon footprint by implementing decentralized settlement.\u201d<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As a young entrepreneur, I share <a href=\"https:\/\/twitter.com\/GretaThunberg?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@GretaThunberg<\/a>\u2019s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD$1 Mil to <a href=\"https:\/\/twitter.com\/GretaThunberg?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@GretaThunberg<\/a> \u2019s initiative. <a href=\"https:\/\/twitter.com\/hashtag\/cop25?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#cop25<\/a><\/p>\n<p>&mdash; H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/39854848?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 18, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Another week, another round of\u00a0Crypto Tidbits.\u00a0This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to the upside, all within the span of a few days. Bitcoin\u2019s\u00a0latest bout of volatility has made the cryptocurrency put in a new six-month low at $6,400, plunging to that price point early Wednesday as bulls failed to step in. While BTC is now trading at $7,200, having recovered 10% as aforementioned, analysts are sure that a retest of these lows is an inevitability. This week also saw bouts of volatility in terms of developments in the industry. Related Reading: Crypto Tidbits: Bitcoin Mining Still China-Centric, Ethereum Istanbul Live, Banks Use Blockchain For Bonds Bitcoin &amp; Crypto Tidbits Ripple Completes $200M Series C Round: According to a report from Fortune, Ripple has just completed a massive funding round that values the company at $10 billion, making Ripple one of the largest blockchain companies on the market at the moment. The investment that valued it at $10 billion, $200 million \u2014 sourced from global investment firm Tetragon, Japanese finance-centric conglomerate SBI, and Route 66 Ventures. A $10 billion valuation makes Ripple more valuable than WeWork, once the world&#8217;s hottest startup. Apparently, the funds, while not needed to fund operations, will give the company \u201cBalance sheet flexibility\u201d as it looks to hire upwards of 150 new employees in 2020 and introduce new overseas offices to facilitate said employee additions. ErisX to Launch Bitcoin Futures&#8230; Soonish:\u00a0For months, Bitcoin investors have been waiting for ErisX to launch. The exchange has been backed by a swath of Wall Street and crypto names, including but not limited to Bitmain, CBOE, CME, ConsenSys, Digital Currency Group, Fidelity Investments, Nasdaq, TD Ameritrade, and Pantera Capital. It seems that it&#8217;s finally launching.\u00a0 According to a market notice published to ErisX\u2019s official website dated December 16th under the premise of \u201cNotification of Trading Hours for Futures Digital Currency Products,\u201d the Exchange has \u201cset forth the following trading hours for Future Digital Currency Products beginning Tuesday, 12\/17\/2019 (today, on the day of this publishing) until further notice.\u201d Trading for the physically-settled Bitcoin futures will begin next year. Fidelity May Add Ethereum to Existing Bitcoin Support: Fidelity Investments executive Tom Jessop recently\u00a0sat down with industry outlet The Block to talk Fidelity Digital Assets\u2019 latest updates. During the podcast episode, Jessop said that the firm has \u201cdone a lot of work on Ethereum\u201d over recent months, and is looking to add support for the second-largest cryptocurrency by market capitalization within the coming year. The catch: clients of the firm need to show that they demand Ethereum, for Bitcoin, the digital currency with the longest track record, has long been the star of the institutional crypto show due to risk factors. Fidelity Incorporates UK Firm to Offer Bitcoin Services in Europe: Speaking of Fidelity, a recent report from Financial News has revealed that FDA has just \u00a0incorporated a U.K.-based branch, giving the financial giant an opportunity to offer digital asset services (like Bitcoin custody) to European clients, including \u201chedge funds and family offices.\u201d Financial News reports that the new entity does not hold any regulatory permissions at the moment. Heading this new branch will be Chris Tyrer, who joins Fidelity from Barclays Investment Bank, where he served as a managing director and led the institution\u2019s cryptocurrency-centric projects. Announcing Fidelity Digital Assets, Ltd., for access to our services in Europe. https:\/\/t.co\/3QuWbXDPrQ pic.twitter.com\/XEYLZaJT8Y &mdash; Fidelity Digital Assets (@DigitalAssets) December 17, 2019 Binance Singapore Blocks Bitcoin Transaction:\u00a0 On Thursday, a Twitter user going by \u201cCatxolotl\u201d reported that Binance\u2019s Singapore subsidiary exchange, Binance Singapore blocked one of their Bitcoin withdrawals due to \u201crisk management\u201d concerns. The exact reason, the user in question was using Wasabi Wallet, a mixing-like solution that allows users to hide their coins. The team noted that for the withdrawal to be released, the user would need to provide the purpose of withdrawal to a privacy-centric wallet service with supporting documents, the user\u2019s current occupation, and their annual income range to corroborated the withdrawal size. Tron CEO Donates a Million to Greta Thunberg: Announced in a tweet published Wednesday, Chinese cryptocurrency entrepreneur Justin Sun revealed that he will be donating $1 million U.S. to Greta Thunberg\u2019s climate initiatives, citing his similar underlying goal to \u201cchange the world.\u201d It currently isn\u2019t clear how Sun will be donating the money, or if Thunberg will accept donations made in Tron or other cryptocurrencies. Sun elaborated that he thinks that cryptocurrencies will be integral in \u201creducing carbon footprint by implementing decentralized settlement.\u201d As a young entrepreneur, I share @GretaThunberg\u2019s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD$1 Mil to @GretaThunberg \u2019s initiative. #cop25 &mdash; H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) December 18, 2019 Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":404589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,19067,3680,11808],"class_list":["post-408233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-tidbits","tag-ripple","tag-tron"],"acf":[],"yoast_head":"\n<title>Crypto Tidbits: Bitcoin Returns to $7,200, Ripple Bags $200M Cheque, Tron CEO Donates to Greta Thunberg<\/title>\n<meta name=\"description\" content=\"Another week, another round of\u00a0Crypto Tidbits.\u00a0This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Tidbits: Bitcoin Returns to $7,200, Ripple Bags $200M Cheque, Tron CEO Donates to Greta Thunberg\" \/>\n<meta property=\"og:description\" content=\"Another week, another round of\u00a0Crypto Tidbits.\u00a0This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-21T18:46:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T11:26:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/11\/shutterstock_524130004-e98.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"2003\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Crypto Tidbits: Bitcoin Returns to $7,200, Ripple Bags $200M Cheque, Tron CEO Donates to Greta Thunberg\",\"datePublished\":\"2019-12-21T18:46:38+00:00\",\"dateModified\":\"2020-10-07T11:26:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/\"},\"wordCount\":797,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/11\/shutterstock_524130004-e98.jpg?fit=3000%2C2003\",\"keywords\":[\"bitcoin\",\"Crypto Tidbits\",\"Ripple\",\"TRON\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/\",\"url\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/\",\"name\":\"Crypto Tidbits: Bitcoin Returns to $7,200, Ripple Bags $200M Cheque, Tron CEO Donates to Greta Thunberg\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-returns-7200-ripple-tron-ceo-thunberg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/11\/shutterstock_524130004-e98.jpg?fit=3000%2C2003\",\"datePublished\":\"2019-12-21T18:46:38+00:00\",\"dateModified\":\"2020-10-07T11:26:52+00:00\",\"description\":\"Another week, another round of\u00a0Crypto Tidbits.\u00a0This week has been quite a tumultuous one for the Bitcoin market. 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