Crypto Overview On Bitcoin's All-Time-High Anniversary

Yesterday was the anniversary of Bitcoin reaching the all-time-high level of $20K. That’s right, last year on December 17th, the crypto bubble reached its peak. The crypto market celebrated this anniversary by seeking what seems to be a temporary relief. Majority of cryptos including  Ripple (XRP), Ethereum (ET), and EOS (EOS) saw double-digit gains on Monday before erasing some of the gains by the end of New York’s trading session.

Besides the bubble-burst anniversary, there are other updates in the crypto industry you can celebrate.

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Coinbase Updates

The U.S. based Coinbase exchange has partnered with PayPal to enable immediate, zero-fee withdrawals.

To top this off, the exchange has also added a crypto-to-crypto- trading function to its platform for its customers. This means you can expand your crypto trading portfolio without having to move your crypto assets to other exchanges who already offer this option. If you’re one of those crypto traders who’s excited about this news though, be careful because trading more frequently can also increase your risk.

Sephora shoppers can get Bitcoin cash back using crypto startup Lolli

CoinDesk reports that Sephora has joined the list of retailers where shoppers can earn cash back, in the form of bitcoin, through an app called Lolli. A perfect shopping excuse for shopaholics during the holiday season.

Overstock.com’s subsidiary tZERO hired to develop a token for trading cobalt

Last but not least, online retailer Overstock.com’s subsidiary tZERO has been employed by a private equity firm to develop a token for trading cobalt. I personally own Overstock.com’s equity because it gives my portfolio exposure to the crypto industry, but the market didn’t seem to like the news, and Overstock shares dropped 20% on Monday.

Disclaimer: Now I’d like to hear from you. What are your thoughts on Nano, which currently ranks 36 in terms of market cap? Do you think it can ever make it to top 10?  Let me know in the ...

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