crypto strategy

The top crypto news of December 2022

  • PayPal partners with MetaMask developer ConsenSys to make it easier to buy crypto.
  • FTX founder Sam Bankman-Fried arrested in the Bahamas and faces up to 115 years in prison.
  • Former US President Donald Trump launched his NFTs on the Polygon blockchain.

One of the main reasons cryptocurrency is becoming increasingly popular is the ability to restrict access to your personal information. Whether buying physical goods, digital goods, investing, refinancing or make donations, cryptocurrency is the way to go.

If you plan to continue using cryptocurrency or are just a beginner, you need to keep up to date with the latest trends and news. Here is an overview of the latest news of the month.

Top 10 Current Cryptocurrencies of December

Bitcoin has been the most famous cryptocurrency since its launch in 2009, but now you have plenty of other options to choose from to diversify your crypto portfolio.

At this moment the most popular cryptocurrencies are:

1.Bitcoin (BTC)
2. Ethereum (ETH)
3. Tether (USDT)
4. Binance Coin (BNB)

5. US Dollar Coin (USDC)
6. Binance USD (BUSD)
7.XRP (XRP)
8. Dogecoin (DOGE)
9. Gimbal (ADA)
10. Polygon (MATIC)

Popular Crypto Wallets in December

When choosing a crypto walletyou need to distinguish between hot and cold options.

Hot crypto wallets can be desktop, mobile or web applications, which require an internet connection and are therefore more susceptible to hacking and theft.

Cold crypto wallets are hardware wallets that help protect your private keys from hackers as they are not connected to the internet and usually have a PIN code as an additional layer of security.

Here are some options based on their popularity.

The most popular hot wallets in December were:

1. Coinbase Wallet

2. SafePal

3. Crypto.com DeFi Wallet

4. Exodus

5. Coinbase Wallet dApp

While the most popular cold wallets were:

1. Ledger Crypto Wallet
2. Trezor
3. Ellipal Titan Crypto Wallet

PayPal Wants To Offer Easier Ways To Buy Crypto With MetaMask Crypto Wallet

The partnership between payment company PayPal and MetaMask developer ConsenSys attempts to allow users to choose their PayPal accounts as a payment option to purchase Ether (ETH) from the MetaMask app. The offer is designed to facilitate seamless purchases and transfers of Ether from PayPal to MetaMask.

This ConsenSys service will initially be rolled out to select PayPal users who are located or based in the United States.

Former FTX CEO Sam Bankman-Fried is in custody and faces up to 115 years in prison in the United States

Sam Bankman-Fried, the founder and former CEO of FTX, has been arrested and detained in the Bahamas. Bankman-Fried was charged with eight counts, including various types of wire fraud and conspiracy to defraud the United States.

The eight charges issued by the United States Attorney’s Office, Southern District of New York, against Samuel Bankman-Fried are as follows:

1. Conspiracy to Commit Electronic Customer Fraud

2. Electronic Customer Fraud

3. Conspiracy to Commit Wire Fraud on Lenders

4. Bank fraud on lenders

5. Conspiracy to Commit Commodity Fraud

6. Conspiracy to Commit Securities Fraud

7. Conspiracy to commit money laundering

8. Conspiracy to defraud the United States and violate campaign finance laws

According to CNN, if Sam Bankman-Fried (also known as “SBF”) is convicted on all eight counts, he could end up with a monumental prison sentence of 115 years.

Trump Lanserer NFT Card Collection

Former 45th President of the United States, Donald Trump, announced the launch of his new Non-Fungible Token (NFT) Trading Cards on December 15, 2022. Trump’s NFT Trading Cards are created using the Polygon blockchain because the network “describes itself as environmentally friendly”. eco-friendly and carbon neutral, making it better for the environment.

This came as a surprise given Trump’s previous opposition to cryptocurrency. He called Bitcoin a “fraud”. He also said, “I’m not a fan of Bitcoin and other cryptocurrencies, which aren’t money and have very volatile, air-based value,” in a tweet dated July 2019. “Unregulated crypto-assets can facilitate illegal behavior, including drug trafficking and other illegal activitiesthere”.

Trump’s website clarifies that the cards are only “intended to be collectibles for individual enjoyment only, not for investment purposes“.

Questions you should ask yourself before buying crypto in 2023

Remember to ask yourself a few questions and do thorough research before creating your 2023 crypto strategy.

A few questions to guide you: Should you be involved in crypto investing or trading? How to manage risks in the crypto market? How to set smart crypto investment goals? How to choose a crypto to invest in? How to choose a safe crypto exchange to trust and put your money there? What is the tax situation of crypto in Norway?

Have a Merry Christmas and a Happy New Year!

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