24-Hour Crypto Prices:
BTC – $57,532.81 +6.3% 📈
ETH – $4,340.05 +7.5% 📈
BNB – $611.73 +5.6% 📈
SOL – $202.26 +8.0% 📈
DOT – $36.45 +9.7% 📈
AVAX – $114.04 +7.9% 📈
The new German Government has approved a coalition agreement to provide an equal playing field for traditional finance and new financial innovations. “We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models,” according to the 177-page agreement.
On Black Friday, El Salvador’s President announced they bought another 100 Bitcoin on discount. Black Friday was a chance to buy the dip as Bitcoin dipped below $54,000.
Crypto mining pools in China are experiencing issues with domain name system (DNS) “pollution”. Binance Pool F2pool, Poolin and ViaBTC are reporting connectivity problems and have advised users to use a VPN to circumvent local telecom carriers.
Hacked Google cloud accounts are being used to mine cryptocurrency. Google’s Cybersecurity Action Team wrote that “86% of [Google Cloud Platforms] were used for cryptocurrency mining, which typically consumes large amounts of computing resources and storage space.”
Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin funds. The Monetary Authority of Singapore has approved two funds: a Bitcoin Physical Fund and a Secured Yield Fund. Fintonia founder Adrian Chng said, “The fund acquires physical Bitcoin, meaning we will buy the actual Bitcoin rather than a derivative instrument on Bitcoin.” On the other hand, the Secured Yield Fund will provide investors with access to private loans secured by Bitcoin.