CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, RIOT News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, RIOT News
Ethereum Bears Continue Fighting Why ETH Could Fix Dramatically
Ethereum is still trying to break the $ 595 resistance zone against the US dollar.

Over the past two days, Ethereum has made several attempts to gain bullish momentum above the $ 594, $ 595 and $ 600 resistance levels. ETH was unable to continue its gains and mostly traded in a range above the $ 565 level.
A recent high was formed around $ 593 before the price dropped below the $ 590 level. On the hourly ETH chart, the dollar broke below the major bullish trendline with support near $ 585. The pair even broke through the 23.6% Fibonacci retracement level of the upward movement from the swing low of $ 577 to the high of $ 593.

Japanese financial giant SBI Doubles Down: Acquires B2C2 Crypto Trading Company
The financial conglomerate has completed an acquisition with British liquidity provider B2C2.

Seeking to solidify its position in the cryptocurrency industry, Japanese financial giant SBI Holdings, through its subsidiary SBI Financial Services, acquired a UK-based B2C2 cryptocurrency trading company for an undisclosed amount.
Development began six months after SBI signed a strategic partnership with the firm. According to reports at the time, SBI acquired a minority stake in the firm for $ 30 million as a first step towards future collaboration.

Ripple losses are accelerating, the recession is not over yet
Ripple started a major decline below the $ 0.5000 support zone against the US dollar.

There was a break below the $ 0.4500 support and the price settled well below the 100 simple moving average. A new monthly low formed around $ 0.4352 and is currently consolidating losses. Initial upside resistance is at $ 0.4650.
The first major resistance is at $ 0.4720. This is close to the 50% Fibonacci retracement level of the downtrend from the $ 0.5944 high to the $ 0.4352 swing low.

Senator Cynthia Lammis Sees Bitcoin Working Together With Fiat Currencies
The Senator-elect from Wyoming believes that bitcoin should be allowed to "work for free."

Cynthia Lummis, newly elected Senator of Wyoming, highlighted her upbeat stance on Bitcoin in a recent podcast. She hoped to introduce BTC to the state scene, as she believes that cryptocurrency should work alongside fiat currencies.
During a recent appearance on Peter McCormack's podcast titled What Bitcoin Did, the host predicted that Lummis would become known in the crypto community as the "Bitcoin Senator."

USDC turnover exceeded 3.3 billion
Jeremy Aller shared on Twitter that USDC stablecoin's turnover is currently in excess of 3.3 billion.

The USDC, issued by Aller's company and cryptocurrency exchange Coinbase through the Center Consortium, has added over $ 300 million in less than a week.

LINK movement lateral may soon see huge movement
After testing its 3 month support line, Chainlink rebounded a bit.

Chainlink is up a slight 1.3% on a slight recovery in the entire crypto market since last Friday. Now its price is $ 12.6. Despite recent adjustments, LINK is still looking bullish on the daily chart. It recently found support on an uptrend line drawn from the September low.

Fund Managed by Multi-Billion Dollar Investment Firm Ruffer Bought Bitcoins
Ruffer, a multi-billion dollar management company, said one of its funds bought bitcoins.

The Guernsey firm, which, according to its website, had £ 20.3 billion in assets under management as of 30 November, disclosed the purchase in a notice issued by the London Stock Exchange on 15 December.

Riot Tests Submerged-Cooled Bitcoin Mining Technology In Texas
Bitcoin mining company Riot Blockchain is testing new liquid cooling technology for mining equipment in Texas.

According to a press release, Riot is launching an 8-megawatt submersible technology test initiative to "assess the potential to improve productivity and reduce mining costs in Texas." Testing is scheduled to begin in the first quarter of 2021.

President Trump is reportedly considering pardoning Silk Road founder Ross Ulbricht
Trump expresses sympathy for the Ross Ulbricht case

About a month before leaving the White House, President Donald Trump is reportedly considering a pardon for Silk Road founder Ross Ulbricht, who is serving double life plus 40 years.
This comes as the Free Ross campaign picks up steam and many new people sign an online petition to release him from prison.
Founded in 2011, Silk Road has quickly become the largest online black marketplace for illegal drugs and other illegal products. It allowed users to browse anonymously, and Bitcoin became its main payment method.