Ampleforth will bring its Ethereum-based currency to three other blockchains, according to an announcement from the team.

Within the next few months, the AMPL token will be available on NEAR, TRON, and Polkadot’s Alcala parachain.

Paypal CEO Dan Schulman endorsed cryptocurrency during a web summit today and expanded on his company’s plans for the future.

Visa is doubling down on stablecoins. 

The credit card giant has announced a collaboration with Circle, the team behind the Ethereum-based token USDC. The partnership will give Visa’s network of 60 million merchants access to the dollar-pegged digital currency. 

It will initially roll out as part of Visa’s Fintech Fast Track Program. Circle will assist Visa in selecting credit card issuers to integrate USDC payment solutions.

Grayscale LLC Inc. is the largest cryptocurrency asset manager globally, boasting $12 billion in assets under management (AUM). Bitcoin-backed GBTC is its leading product with $9 billion in AUM. 

Every four years, Bitcoin’s supply is halved, making the asset twice as rare.

While theories say that price should therefore double, Bitcoin analyst Nic Carter recently stated that the halving likely did not have a meaningful effect on price action.

Ripple’s XRP has paused after a massive breakout to new yearly highs. While prices remain dormant, the pressure is slowly rising for another leg up.  

XRP has been contained within a narrow trading range for the past week.

Ever since the cross-border remittances token shot up by more than 230% to make a new yearly high of $0.78, momentum has been building up for the next significant move. 

yEarn Finance has merged with two DeFi projects—Akropolis and SushiSwap—allowing investors to use those projects’ earning DeFi capabilities in unison.

The merger between Akropolis and yEarn has benefits for users and developers on both sides of the agreement.

Facebook’s Libra cryptocurrency project has been rebranded to “Diem” in a new strategic move. The Diem Association announced the name change on its website on Dec. 1, 2020.

On Tuesday morning, Bitcoin attempted to break above $20,000, reaching as high as $19,900 on many exchanges. However, the breakout failed to materialize, and a quick correction to $18,000 caused $370 million in futures liquidations in less than an hour.

The liquidations occurred as two distinct events, beginning at approximately 6:30 am ET. The first liquidation involved $130 million, and the second involved $240 million.

Crypto lending firm BlockFi announced that it would launch a Bitcoin rewards credit card in January 2021. 

The credit card will allow users to earn back 1.5% on all card purchases in Bitcoin.