The crypto market is downgrading
Over the past 24 hours, the downward trend in prices has continued. Most crypto have experienced price cuts of 2-3% and Bitcoin are traded around $ 3800.
Bitcoin's volume of transactions remains at 5 billion, and analysts believe price volatility will continue.
ICOs have liquidated 420,000 ETHs in December
ICTHER projects based on the Ethereum blockchain have liquidated the crypto accumulated since June this year. Sales reached a high level in December, more than 420,000 ETH being liquidated.
November was also a massive month of sales, with more than 290,000 ETH liquidated. The main responsible for last month was Tezos, who sold 82,000 ETH.
Nearly half of the total ETH in December can be attributed to a single project - Filecoin. This project sold all cirpto accumulated during the ICO period, representing 216,906 ETH.
Another project that has liquidated almost all crypto was Substratum, which withdrew 8,931 ETH in December.
Kyber, on the other hand, withdrew 66,454 ETH and currently has just over 3,000 ETHs in the treasury.
These sales were partly responsible for the price drop of Ethereum this month. Crypto dropped to just $ 83 this month, nearly 95% lower than the values at the beginning of the year. Currently, ETH is traded around $ 125.
The Litecoin Foundation sponsors the UFC
The Litecoin Foundation has announced a collaboration with the Ultimate Fighting Championship (UFC) to promote Cryptomon. UFC is one of the most important mixed martial arts organizations and their matches have millions of spectators.
The Litecoin logo will be displayed in the battle ring at UFC 232 on December 29 in Califormnia. This will be a match between the former UFC World Champion, Jon Jones, and Alexander Gustafsson.
The Litecoin Foundation claims that the sponsorship of this event will contribute to the popularization of crypto worldwide.
Taiwan: stolen electricity worth $ 3.25 million used for cryptoe mining
A Taiwanese man was arrested for using stolen electricity for crypto mining. According to local media, it has stolen electricity worth more than 3.25 million dollars. The Taiwanese rents various commercial locations and uses the services of electricians to measure power consumption meters. In this way, he managed to use free electricity to mop Bitcoin and Ethereum.
It was discovered after the local power company noticed fluctuations in consumption and triggered an investigation. The man was arrested and is about to be tried for qualified theft.