Bitcoin hits another all-time high, this time above $24.000 USD, while Bitcoin options open interest surpasses $6,5 billion on December 17. 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.
📍 December has been a month of great achievements for Bitcoin (BTC). The cryptocurrency broke its 2017 all-time high a few days ago, surpassing 20K, 21K, 22K and even 23K. Now, it once again marks another milestone in history, with a new all-time high of $24.225 USD, achieved on December 20.
Given the current bullish trend of the Bitcoin market, several analysts consider a possible rise to $25.000 USD before the end of the year, although they also do not rule out a possible fall to the $18.500 USD level if Bitcoin fails to maintain the $19.500 USD level. On the other hand, with a value of $23.760 USD at the time of writing, Bitcoin maintains a market capitalization of more than $441,4 billion.
📍 With this new all-time high, the open interest Bitcoin options trading also hit a new record, surpassing $6,5 billion in trading volume, according to data from cryptorank.
Source: Cryptorank
This outlet reported that Bitcoin options volume surpassed $1.000 billion for the first time on Friday, according to data from skew, which to date shows a total volume of 1.362 million dollars in options at the time of this edition.
📍 Twitter has undoubtedly been one of the most visited social networks this weekend, after the famous hip hop singer Megan thee stallion, announced on his account that he would give away $1 million in Bitcoin (BTC) to as many people as he can, through the application Cash App de Square, the cryptocurrency financial services company Jack Dorsey, also CEO of Twitter.
To date, several users have confirmed that they have received 50.000 satoshis (village), equivalent to about $11,5 USD, after downloading the application. As a curious fact about this campaign, it should be noted that for some the singer's words were quite confusing, since there are many people who came to think that she would give a full 1 million dollars to several people; while others of those who received the 50.000 sat confused this amount with the sum of $50.000 USD. Even so, the campaign promoted by the singer aims to make the potential of the cryptocurrency known to more and more people.
📍 In DeFi, another project falls victim to a flash loan attack. warp finance The protocol posted a statement on Twitter claiming that it was the victim of a vulnerability where it lost close to $8 million in a flash loan attack. According to the protocol, a user exploited a vulnerability present in Warp Finance to request a loan for an amount greater than its collateral, extracting close to $8 million from its vaults on the stablecoins DAI y USDC.
The protocol is currently conducting research with white-collar hackers to identify the attack vector and provide a secure solution for users. Additionally, the protocol also indicated that it is evaluating how to compensate users for their losses, although it has not provided further details on this matter.
📍 Likewise, Bitcoin.org, the website that hosts Bitcoin Core, the Bitcoin code, suffered an attack Distributed Denial of Service (DDoS) which prevented the platform from operating for several hours on Saturday morning.
Neither the Bitcoin blockchain nor the cryptocurrency itself suffered any damage despite the attack, which left the site inaccessible for a long time. This is yet another opportunity to highlight the security offered by this decentralized system.
📍 Meanwhile, in the United States, Pierre Rochard, a well-known bitcoiner published a proposal for reform to the Chapter 28 of the Federal Legislative Code, which includes two versions, to invite the country's federal agencies to keep confiscated bitcoins in custody and prevent them from being auctioned by the country's Marshals Service. This as a way of “create an infinite amount of US dollars”, derived from the profits received for holding those bitcoins in custody.
Rochard points to the fact that Bitcoin is a store of value currency, with a fixed emission, which can be of great benefit to the authorities. Rochard also highlighted that the 144.000 bitcoins auctioned by the United States between 2014 and 2015, worth 120 million dollars, would be worth more than 3.000 billion today.
Continue reading:22K, Bitcoin breaks its all-time high and becomes a global trend
