Global markets and Bitcoin saw a slight drop on Monday as researchers revealed the possible existence of a new strain of the deadly virus. However, as the BTC market fell, investors took advantage to increase their holdings of the cryptocurrency. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 Bitcoin (BTC) BTC has fallen by 5% in the last 24 hours, but this is not a problem for investors. The recent price drop of the market-leading cryptocurrency is a unique opportunity for institutional investors, such as MicroStrategy, the largest BTC investor this 2020, who increased their investments in the cryptocurrency to more than 1.300 billion dollars. The company made a new investment of $650 million, which gives it control of more than 70.400 BTC. This is the fourth investment that MicroStrategy has made in BTC.
Michael saylor, CEO of MicroStrategy, also commented on a post by Elon Musk, stating that he could share his investment strategies for Telsa (TSLA) to generate huge profits for its investors, once it converts its reserves from $ USD to BTC. Saylor highlighted that the proposal is aimed at one rocket scientist to another.
📍 According to analysts and traders, the recent fall that Bitcoin suffered, after having reached a new all-time high, on the 20th of this month, coincides with the decline of traditional markets, which are being affected by the possible arrival of a new threat from COVID-19.
It seems that researchers have discovered a new strain of COVID-19 in the United Kingdom, which may be much more aggressive than the previous one, so the country's government is already promoting new measures and restrictions to control a possible contagion. And as we well know, new restrictions mean more serious damage to the financial and economic system, so a climate of tension is beginning to be felt in the main markets.
📍 CI Galaxy Digital, a well-known Bitcoin-based investment fund, which began trading on the Toronto Stock Exchange (TSX) on November 16, raised more than $72 million in its Initial Public Offering.
In November, the company also announced the acquisition of two companies: DrawBridge Lending y Blue Fire Capital, to expand its position as a leading trading desk for digital assets and grow its portfolio of services for the marketing of different products.
📍 The protocol DeFi CurveFinance is implementing a new liquidity pool that integrates the euro as a secondary currency. With this, it seeks to meet the demands and needs of its investors and users. Called EUR pool, the new pool allows the exchange between the stablecoin Stasis Euro (EURS) and sEUR, a synthetic euro.
The exchange takes place within the DeFi Synthetix protocol, a liquidity protocol for trading derivatives in DeFi.
📍 Binance CEO, Changpeng Zhao, reported on his Twitter account that the cryptocurrency trading platform was having a system error that forced the exchange to close operations on its platform. Deposits, withdrawals, exchanges, OTC, P2P, Earn, Liquidity Swap and Launchpool were stopped this Monday morning.
The issue facing the exchange is related to a specific API method, which could cause serious errors in the platform's products. BitPreço co-founder, Yuri Fernandes, explains that due to this the exchange can generate much more expensive sell orders than buy orders, which is why it was forced to close its operations. At the time of this note, Zhao reported which was waiting for validations to be completed to inform its customers and users about the resumption of services.
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