DeFi Platform 1inch Launches Governance Token – December 25

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $23,952

Bitcoin price is re-testing the $24,000 mark Christmas day, following a fake-out to the downside yesterday.

Top-20 altcoins are also recovering strongly, as Ethereum gains 7%, XRP bounces back 29%, and NEM rises 20%.

Top Stories for December 25, 2020 πŸŽ„

πŸ‘‰ DeFi Platform 1inch Launches Governance Token

1inch, a decentralized exchange aggregator and automatic market maker platform, has released its very own governance token today.

The 1INCH token has had 6% of its total 1.5 billion token supply made available for claim today, rewarding previous 1inch users.

A liquidity mining program will also be available, rewarding liquidity providers of six different 1INCH liquidity pools.

πŸ‘‰ PayPal Acquisition Of BitGo Falls Through

Multiple sources have cited that PayPal’s acquisition talks with cryptocurrency custody company BitGo have fallen through.

Several reports surfaced in October stating that BitGo may be acquired by the payments giant, who are now looking at other potential acquisition deals.

πŸ‘‰ SEC Orders Tierion To Repay ICO Investors

Data verification crypto project Tierion has been ordered by the Securities and Exchange Commission (SEC) to refund investors who participated in their ICO.

The SEC found that the $25 million sale of TNT tokens was an illegal securities offering, and have given investors who sold their tokens at a loss 60 days to request a refund form the project.