DEC 19 - 25
Market Updates
- Bitcoin price stayed flat going into the holidays
- Coin Scientific Files for Bankruptcy
- BC Suspends New Connections for BTC Miners
- Brazil Signs Crypto Regulations Into Law
Crypto News
FUNDING:
- Ethical crypto hackers win $52 million in bug bounties via Immunefi in 2022 – TheBlock
- Hardware Wallet Startup Cypherock Raises $1M to Skip Seed Phrases – Decrypt
INDUSTRY:
- E tu, BC? British Columbia Suspends New Connections for Bitcoin Miners – Decrypt
- Bitcoin Miner Core Scientific Files for Bankruptcy, Expects Support From Some Debt Holders – Coindesk
LEGISLATIVE ENGAGEMENT:
- Brazil’s President Signs Crypto Regulations Into Law – Coindesk
- US election agency approves use of NFTs as campaign fundraising incentive – CoinTelegraph
BTC Technical Analysis
Despite extremely low holiday volume and the largest publicly-traded bitcoin miner (NASDAQ: CORZ) filing for Chapter 11, Bitcoin held virtually unchanged in price week over week.
- Current resistance levels: $24,500 - $26,000
- Current support levels: $22,000 - $21,000
Upcoming Events
- Dec 30th - CME futures expiry
HOLIDAY REMINDER:
- New Year's Day Withdrawal/Deposit Hours:
- All Canadian dollar withdrawal and Wire/Bank draft deposit submissions received after Friday, December 30, 2022, at 4:00 PM EST will be processed on Tuesday, January 3, 2023, at 4:00 PM EST due to new year's day bank holiday hours. Interac e-Transfer services will continue to operate normally.
- Customer Support Hours:
- December 31, 2022: 10:00 AM to 10:00 PM EST
- January 1, 2022: 12:00 PM to 12:00 AM EST
- u/Kardanokid will also be available during and outside the above hours, just send a DM.NDAX Market Report, Key Notes & Crypto Overview
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