Crypto News Daily roundup for December 22


We at TheCoinRise are back with the daily crypto news roundup for December 22 with all the market sentiment, regulatory comments, collaborations, and disputes.

Bitcoin, the world’s biggest cryptocurrency, has been bullish for today as the year-end approaches. Investors are on their seats, waiting for a breakout of BTC prices above the $50,000 price level. 

The token has still remained above $50,000, with an important level at $53,000. Furthermore, it is important to note that the entire market has suddenly acquired a bullish momentum. Investors are switching their fiat for crypto as more and more money piles up into the market. 

A major gainer for today was Terra (LUNA) which witnessed an all-time high. On the other hand, the metaverse tokens haven’t performed incredibly well as compared to the likes of Shiba Inu (SHIB) or Loopring (LRC). Cosmos (ATOM) and Polygon (MATIC) continue to remain bullish as MATIC also reached its all-time high today. The majority of the market turned bullish, gaining in double digits for today.

Kraken acquires Staked

Kraken, the California-based crypto exchange giant, has announced its acquisition of investment manager and blockchain infrastructure firm Staked. However, the company has not revealed any details regarding the purchasing amount.

The exchange giant labeled the deal as “one of the biggest crypto industry acquisitions” this Tuesday and informed that it has added Staked to its yield products’ portfolio. Staked aims to provide fine infrastructure to prevent significant entry obstacles while allowing its clients to optimize their yields.

El Salvador shops 21 more BTC

El Salvador has topped its Bitcoin bag by shopping another 21 Bitcoins to celebrate the 21st day of December of 2021 in the 21st century. Number 21 might also indicate the 21 million capped supply of Bitcoin.

Around the time of purchase, BTC was valued at $49,000, making the purchase amount around $1 million. The country is ranked first in the world to adopt BTC as a legal tender in September this year.

The aggressive stance of the president about BTC and its potential has resulted in the country purchasing BTC a number of times. As TheCoinRise reported, the Central American country recently got 100 BTC units in its bag

Ubisoft seeks dynamic NFT ambition with

Ubisoft’s Entrepreneurs Lab has joined hands with its own acquired blockchain computing and storage company Earlier this year, had become the main channel node operator. It has revealed this Tuesday about its plan on offering a storage option for the Ubisoft NFT platform Quartz, which recently launched its beta version.

The collaboration between the two aims to give a strong challenge to static NFTs and enable the dynamic NFTs that would incorporate metadata. These will provide enhanced transparency and the ability to get evolved from player to player.  

The technical director of the gaming giant Didier Genevois believes that the gamers should actually own their Digit to deliver the promised technology.

Elon Musk and Jack Dorsey criticizes Web3

The billionaire and the world’s richest man who is a huge believer of crypto has again used Twitter to troll something, and this time it’s the existence of Web 3.0. He tweeted: 

“Has anyone seen web3? I can’t find it.”

Twitter former CEO and Bitcoin proponent Jack Dorsey joined the trolling, which further grabbed more attention from the crypto community.

Dorsey, on the other hand, did not stop there and continued criticism. He questioned the centralized nature of Web 3.0.

The “Dogefather” recently said that he prefers DOGE over BTC for daily transactions.

US NCUA issues a new directive for all Federally Insured Credit Unions

The United States National Credit Union Administration (NCUA) has issued a new directive for all the Federally Insured Credit Unions, giving them the authority to team up with third-party crypto-based service providers to provide crypto services to the members. This is a very different view from what SEC Chair Gary Gensler has.

Melania Trump joins the NFT craze

The former First Lady of the U.S. has entered the crypto world with the release of a new NFT platform which will release exclusive NFTs. The first NFT by Melania Trump will be “Melania’s Vision.” Users can buy the token at 1 SOL and via credit cards using MoonPay.  

“I am proud to announce my new NFT project, which embodies my passion for the arts and will complement my ongoing commitment to children through my Be Best initiative.”

Various market analysts are emphasizing the importance of patience as the market matures, which has resulted in the extension of the Bitcoin bull run. Tomorrow, TheCoinRise will return with a new daily roundup for you.

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