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1inch went up by 1200% to Crypto Twitter on Bitcoin’s all-time high

1inch went up by 1200% to Crypto Twitter on Bitcoin's all-time high

1) 1inch, DeFi token went up by 1200% on Christmas 2020.

1inch is a decentralized exchange aggregator that sources liquidity from various exchanges, making it possible to use its smart contract to spread a single transaction across multiple decentralized exchanges. On December 25, 2020, Binance made an announcement about supporting 1inch. As soon as the trading started the coin went from $0.2 to $2.60 in an hour. To this Changpeng Zhao, CEO of Binance tweeted

Damn, that looks a bit longer than 1Inch…

2) The Crypto community on Twitter celebrated Bitcoin’s all-time high.

Cameron Winklevoss, Gemini co-founders tweeted

Merry Christmas! Santa left $24.5K #Bitcoin under the tree

Tyler Winklevoss Gemini co-founder also tweeted

Merry Christmas! No coal this year, #Bitcoin 24.5k instead Ho ho ho!

Anthony Pompliano of Morgan Creek Asset Management also went ahead and tweeted

Bitcoin hitting a new all-time on Christmas Day is the energy I’m here for.

On Christmas, Bitcoin had hit its all-time high and now crypto traders are eyeing for Ethereum to follow the rally.

3) The small-business relief fund will accept cryptocurrencies like Bitcoin and Ethereum.

Barstool Media’s Dave Portnoy’s small-business relief fund will be accepting cryptocurrencies like Bitcoin and Ethereum donations as well. The fund was launched last week and will run until the end of 2020. The Crypto community has generously made donations with Morgan Creek Digital set up a Bitcoin address through the Giving Block. Anthony Pompliano, co-founder and partner of Morgan Creek Digital said

It is hard to track every donation coming out of the crypto community, but we know of at least $750,000 that has been donated in US dollars or crypto. The actual number is likely higher.

4) Binance Users can now deposit and withdraw to SegWit addresses.

Segregated Witness (SegWit) is a protocol upgrade developed to solve scalability problems on the Bitcoin blockchain network. Binance on Christmas Eve announced that it will now support SegWit for Bitcoin deposits. In the announcement, it was mentioned

Binance has launched Segregated Witness (SegWit) support for Bitcoin (BTC) deposits (withdrawals are already supported). By selecting the BTC (SegWit) network, users can transfer funds to a SegWit (bech32) address.

5) Fintech firm Mogo plans to buy Bitcoin worth $1.2 Million in 2021.

Another cooperation joins the list of Bitcoin investors as Vancouver-based fintech company – Mogo plans to allocate 1.5% of its total assets in the primary cryptocurrency. MogoCrypto, the company’s digital asset arm that was launched in 2018. Mogo describes it as the “easiest way to buy and sell bitcoin in Canada” as it enables customers to trade BTC at “real-time prices instantly through the Mogo App.” Greg Feller, CFO of Mogo said

We are strong believers in bitcoin as an asset class and believe this investment is consistent with our goal to make bitcoin investing available to all Canadians. In addition, we believe bitcoin represents an attractive investment for our shareholders with significant long-term potential as its adoption continues to grow globally.


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