Binance Korea Closing To Shut Down Operations – December 24

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $23,181

Bitcoin price has kicked off the day above the $23,000 mark once again, despite an overnight dip into the high $22,000s.

Top-20 altcoins have had another down day, as Ethereum falls over 5%, XRP plummets another 23%, and NEM has the biggest drop of 24%.

Top Stories for December 24, 2020 πŸ”₯

πŸ‘‰ Binance Korea Closing To Shut Down Operations

Binance’s Korean exchange is closing its doors just eight months after it opened in April of this year, citing low transaction volumes and tight liquidity.

The exchange was using liquidity and order matching from its global exchange, however will no longer be able to do this due to a new law to be enacted in Korea.

πŸ‘‰ Bitwise Liquidates XRP Holdings Following SEC Filing

Bitwise Asset Management have announced that they have liquidated their XRP holdings amid the SEC lawsuit, claiming that they do not invest in assets likely to be deemed securities.

XRP was part of Bitwise’s 10 Crypto Index Fund, which was launched in 2017 to give institutional investors exposure to cryptocurrencies.

πŸ‘‰ Grayscale Assets Under Management Jumps $3.4B In A Week

Grayscale Investments has reached $16.4 billion in assets under management, jumping from $13 billion just last week.

$14.1 billion is comprised of Bitcoin holdings, while the Grayscale Ethereum Trust has reached $1.81 billion.