undefinedBitcoin, XRP, SEC and NFTs haunted us for sure in the past week. There's a review about some major news in the crypto sector as followed:

The price of Bitcoin Cash, a Bitcoin spinoff, has jumped by 12%, a day after Bitcoin set a new all-time high of $24,000. Merely one day after Bitcoin hit a new all-time high of $24,000, the price of Bitcoin Cash, the fork of Bitcoin, has also reached $372.  Yesterday afternoon, Bitcoin hit highs of $24,085, according to data from CoinMarketCap. Bitcoin has since dipped to $23,461.

On December 17, 2020, Coinbase, the largest cryptocurrency exchange in the United States, issued a statement on its official blog stating that it had submitted a draft S-1 registration statement to the Securities and Exchange Commission, referred to as SEC. The S-1 form is expected to take effect after the SEC completes the review process, and it depends on market and other conditions.undefined
Bitcoin's $440 billion market cap has now surpassed Visa's $383.9 billion market cap, and it has far exceeded the $380 billion market cap of JPMorgan Chase. Bitcoin is more comparable to Visa among these two companies. Visa's service is a global liquidation network for credit card transactions, and it only focuses on this business. JPMorgan Chase is a company that provides all-round banking services. And most importantly, it is the largest commercial bank in the United States.

Following Ledger customers' personal details were leaked and published on a public forum, they become the target for Bitcoin ransoms. One Ledger customer received an email if there did not pay $500 to the sender, they would be possible to suffer physical violence.

Uniswap, the largest decentralized exchange by total value locked (TVL), becomes the biggest gas burner on Ethereum. Over the past 8 hours, it has occupied nearly 30% of all transactions initiated on the network. Uniswap has always ranked as the top decentralized application (DApp) for the number of fees used from as early as Nov. 13.

As Ethereum, the second-largest blockchain by market cap has begun the formal process of getting rid of its dependency on the industry altogether, its mining competition became fiercer. Linzhi, a mining firm based in Shenzhen China, has started releasing a new Ethereum ASIC miner dubbed the Phoenix, allegedly three times more powerful than top alternatives available today.

According to the existing regulations of FinCEN (Financial Crime Enforcement Network of the United States), financial institutions are prohibited from opening accounts to people who are homeless, do not have a fixed residence and refugees in that these people do not have physical mailing addresses. Nowadays, FinCEN proposes to put forward new regulations. For those who are fortunate enough to have an account, they cannot send money to the above groups as well, even if the money sent is a virtual currency.

THETA.tv - a decentralized streaming platform - is to launch native non-fungible tokens (NFTs) for content creators minting and sharing with their fans. This move indicates that the 800+ streamers on the platform can create their own unique items, emotes and badges to share with their viewers.

2020 is a meaningful and significant year for the crypto space. As the price of Bitcoin skyrocketed and reached a new all-time high, this emerging industry finally began to receive mainstream attention. At the same time, the decentralized financial applications on Ethereum have also attracted many users to trade, loan and borrow crypto assets, thereby pushing the Ethereum network to its limit. New projects attempt to achieve decentralization and autonomous governance in various ways.undefined
Following the news that the Securities and Exchange Commission (SEC) would sue Ripple in that the firm conducted an initial coin offering of the digital asset, the price of XRP has performed not so well and suffered almost a 40% decline.

One of the largest crypto fund managers, Bitwise Asset Management, has completely divested from XRP under strong regulation against Ripple. In a formal press release, Bitwise stated on Wednesday that its position in XRP has been liquidated because its fund "does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws."

After Bitcoin broke through the $20,000 mark on December 16, it went up to $24,188 per coin on the 20th, setting a new record high again. Under the skyrocketing increase, it has attracted the attention of many mainstream media. On December 17, CCTV Finance Channel reported that Bitcoin completely recovered from the three-year bear market. The analysis pointed out that the impact of the COVID-19 and the surge in demand for hedging from the opening of global monetary policy are important drivers of Bitcoin's recent surge.undefined
As a UK-registered cryptocurrency exchange with offices in London, Moscow, and Kyiv, EXMO has suffered a cyberattack from bad actors, leading to a nearly 5% loss of its assets held on hot wallets, as what the platform noted.

Since its launch on Dec. 18, the Graph(GRT) has been under a hot discussion,with the highest price of $0.78 - a 2600% rise - as of this writing. It is vague whether this trend can continue, but investors are already looking for the next target. Is there any promising project in short run? 1inch might be a good option.

The last decade witnessed London build a reputation as a global fintech. Neobanks covering Monzo and Revolut have raised millions at billion-dollar valuations. Transferwise and WorldRemit established world-leading cross-border payments systems. Currently, as the U.K. manages to cope with the realities of Brexit, its long-drawn-out and uncertain departure from the European Union, cryptocurrency developers want to help London's financial center evolve to serve decentralized finance (DeFi) future.

A recent survey released by the independent Reserve, a cryptocurrency exchange platform, shows that by 2020, nearly 20% of young people in Australia own virtual currencies. As per the 2020 edition of the Independent Reserve Cryptocurrency Index (IRCI), Australia’s overall crypto sentiment has increased significantly compared to 2019. Indeed, according to the IRCI survey data issued in 2019, the 2020 crypto index is 47, which is an increase of more than 10% from the previous value of 42.undefined
The Bank of Russia doesn't hold a digital ruble will treat its banks. Russian banks warned earlier this month the Bank of Russia that the digital ruble under discussion will possibly threat themselves once people flood their funds into the new system. As per Sber - Russia's largest retail bank and the most vocal critic of the current mean to the central bank digital currency (CBDC), it might cost the country's banks up to 25 billion rubles (around $34 million) to introduce the digital ruble into Russia's financial system.

The SEC initiated a lawsuit against Ripple for selling unlicensed securities in the form of XRP tokens. However, it has been illegally sold since 2013. As such, the SEC sued Ripple and its CEO Brad Garlinghouse along with co-founder Chris Larsen. The SEC's lawsuit against Ripple was no surprise. The design of major cryptocurrencies in the current market is very similar to security products. In order to regulate the market, the SEC has been constantly emphasizing the definition of securities, which is usually called the Howey Test.

2020 is undoubtedly an unconventional year for each sector over the globe, so does Bitcoin. Earlier in mid-March of this year, the top cryptocurrency by market cap suddenly dropped below $4,000. A bad beginning does not represent a bad end while entering the last quarter of 2020, Bitcoin has shown its unprecedented momentum to hit a new all-time high of $24,200 per coin on December 19. Will it maintain this uptrend and hit a new high in the following year?

Binance KR announced on Thursday that the exchange has decided to shut down its operations in South Korea. As per the announcement, Binance took this action due to the declining liquidity and low trading volume of its BKRW trading pairs. As a stablecoin pegged 1:1 to the Korean Won, BKRW is used as a means for crypto-to-crypto settlements on the platform. undefined
Not only cryptocurrency and blockchain industry but also decentralized finance (DeFi) experienced an incredible 2020. After a whole-year ups-and-downs, DeFi has become a driving factor in the blockchain industry. Another key trend in 2020 is liquidity mining. The launch of COMP, the native token of Compound, proves to be an excellent tool to capture users, also creates a new incentive model.

The New Law Released in Hong Kong will Prevent Citizens From Using Bitcoin ATMs
The Hong Kong Bitcoin Association calls on regulators to consider the impact of upcoming laws on the city's digital innovation agenda. The Hong Kong government announced plans in November to ban retail cryptocurrency trading as part of a broader crackdown on money laundering.