The price as of December 20th is Bitcoin It has been fairly stable, currently trading at around $16,800. Over the past 24 hours, BTC has seen a modest gain of 0.21%, fluctuating between a high of $16,858 and a low of $16,413. Over the past week, BTC has lost around 2.5% in value.
Bitcoin Wallet Maker Foundation Raises $7 Million To Promote Self-Management
Bitcoin-focused company Foundation Devices announced on December 19 that it had closed an initial funding round of $7 million in response to growing demand for self-custody solutions. The Boston-based company plans to use the funds to continue developing hardware and software wallets for cryptocurrencies under the “Digital Sovereignty” brand.
Greenfield Capital, Lightning Ventures, Unpopular Ventures, Warburg Serres, and Bolt were among other investors in the round, led by blockchain investment firm Polychain Capital.
The Foundation’s main product is Passport, a Bitcoin hardware wallet that uses “air-gapped security.” This means not allowing external USB or wireless communication. The Passport has a color display and a built-in camera, which he uses a QR code to operate. The company also offers a mobile software wallet called Envoy. According to the Foundation, thousands of Passport wallets have been sold over the past 18 months.
The funding comes as more companies work to improve the usability and appeal of hardware wallets. Users can disconnect their private keys from the internet and store them offline using a hardware wallet, a physical storage option for Bitcoin and other cryptocurrencies.
Protecting freedom and privacy is more important than ever in light of global censorship, privacy violations, and irresponsible banking and financial policies. As a result, advances in hardware wallets will encourage investors to trust their crypto holdings, which could benefit BTC/USD.
Kazakhstan Tightens Bitcoin Mining Regulations
The bill was approved by the Kazakh parliament last week. It imposes corporate tax on bitcoin miners and imposes national energy usage limits on the industry. It is one of three crypto-related bills approved by Majlis.
According to current negotiations, the law will give miners access to around 500 MW. Additionally, government-registered miners will only be allowed to purchase electricity from the grid in the event of an oversupply. The bill will go to the Senate for review and his second voting session. If the bill is also approved by the Senate, it must be signed into law by the President.
If the Senate votes on the amendment, it could be sent back to Majlis. According to Didar Bekbau, founder of local mining company Xive.io, the new law could discourage investment.
Bekbau claimed that confidence had already been lost, many investors had fled Kazakhstan, and development plans were scrapped. Despite bills and power rationing, the miner is bullish on Kazakhstan’s future in the cryptocurrency sector and his BTC/USD.
current price of bitcoin is $16,810 with a 24-hour trading volume of $22 billion. The BTC/USD pair is up nearly 0.30% over the last 24 hours.
After dropping to $16,300, Bitcoin price recovered to the $16,700 trading area. For now, Bitcoin’s most recent resistance level is above $16,800, and a close below this level could indicate a bearish trend.
Bitcoin’s immediate support is at $16,250 or $16,100 and a bearish breakthrough at this level could expose BTC to $15,650.
There is currently a mixed bias in the market according to the MACD and RSI indicators. The RSI shows the market is oversold, while the MACD shows upward momentum. These conflicting signals can make it difficult to predict the direction of market trends.
Finally, the candlestick’s break below the 50-day simple moving average suggests that the recession may continue.
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Altcoins that offer faster returns
Cryptocurrencies have been trading flat in recent weeks and some traders have started looking for more viable alternatives in the short term. Listed below are some of the major pre-sales in the market. , and investors can enter the first floor.
FightOut (FGHT) – Presale Begins
FightOut, an all-new M2E (move-to-earn) fitness application and gym chain looking to bring the fitness lifestyle to web3, has launched a pre-sale. Whereas existing M2E applications such as STEPN only track steps and require an expensive non-fungible token (NFT) buy-in to participate, FightOut does more to track and reward users’ exercise and activity. It takes a holistic approach and an expensive buy-in to participate.
FightOut’s FGHT tokens are currently priced at 60.06 per USDT, and interested investors are encouraged to act quickly to secure their tokens. The presale has already raised over $2.18 million in just a few days. FGHT is the token that powers the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Presale Enters Final Stage
For those interested in investing in promising cryptocurrency trading platform startups, look no further than Dash 2Trade. The up-and-coming analytics and social trading platform hopes to dominate the cryptocurrency trading space with a host of unique features.
These include trading signals, social sentiment and on-chain indicators, pre-sale token scoring system, token list alert system, and strategy backtesting tools. Dash2Trade’s ecosystem will be powered by his D2T tokens, which users must purchase and hold to access the platform’s functionality.
Dash 2 Trade is currently running a pre-sale of tokens at heavily discounted rates, with recent sales exceeding $10.26 million. The pre-sale dashboard will be released soon and the development team is currently working ahead of schedule. The tokens are currently priced at $0.0533 each and will be listed on multiple centralized exchanges in about a month.
Calvaria (RIA) – Final Presale Stage
Major blockchain-based games like Axie Infinity have lost a lot of momentum in 2022. Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost adoption of cryptocurrencies by bridging the gap between the real world and cryptocurrencies. This is a fun and accessible virtual currency game.
Investors should consider pre-selling Calvaria’s RIA tokens. Calvaria currently has raised $2.51 million, and earlier this month crypto his whale earned him $97.5 thousand on his one purchase. The pre-sale is in its final stages, with only 19% of tokens remaining.