| Bitcoin | $19,232 | 7 day: +1.4% | | Ethereum | $599 | 7 day: -0.4% | | All crypto | $567b | 7 day: unch | | Bitcoin dominance | 62.5% | 7 day: +1% | Prices as of 5 p.m. EST
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 Chart of Bitcoin Today Bitcoin hit $20,000, then flash-crashed. - The price of bitcoin varies widely depending on the exchange and trading pair.
- On some trading pairs, the USD-equivalent price of bitcoin exceeded $20,000 today.
- All exchanges recorded prices north of $19,800 for all trading pairs.
- Within two hours of hitting $20,000 early this morning, bitcoin crashed as low as $18,000.
- The largest U.S. cryptocurrency exchange, Coinbase, reported all-time high prices today.
CoinTelegraph 
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Guggenheim Partners LLC filed to invest 10% of its $5.3B Macro Opportunities Fund into Barry Silbert's Grayscale Bitcoin Trust (OTCQX:GBTC). More: - In total, Guggenheim holds about $295B in AUM across all of its managed accounts and funds.
- The filing mentions several risks related to cryptocurrencies, such as its high volatility, regulatory uncertainty, custody risk, and lack of insurance.
- We covered the tremendous effect of Barry Silbert's GBTC on the price of bitcoin in a prior edition of Inside Cryptocurency here.
Bloomberg
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Customers withdrew $110M within hours of crypto exchange OKEx reopening asset withdrawals, five weeks after running into a security incident in October 2020. More: - According to on-chain analysis company CryptoQuant, the exchange saw significant bitcoin outflows.
- The first batch totaled 2,822 BTCs ($52M) withdrawn from the exchange within 15 minutes of reopening customer asset withdrawals.
- The CEO of CryptoQuant tweeted that about 83% of bitcoin from the first batch were stored in non-exchange wallets.
- The bitcoin outflows from the OKEx exchange increased to more than 4000 BTCs ($73.6M) within minutes.
- Although sparse, there have been deposits of bitcoin into the exchange in the form of user deposits, according to CryptoQuant. Net outflows totaled $110M within hours.
- Some analysts linked bitcoin's price rally to OKEx's withdrawal suspension. Furthermore, on Nov. 25, bitcoin sold-off immediately after the exchange announced that it would allow withdrawals.
- Over $3B of bitcoin, and untold altcoins of customers' assets, were frozen at the exchange for the entire month of November.
The Block Crypto
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 Ripple CEO Brad Garlinghouse Ripple (XRP) wants to sell 33% of its stake in international remittance giant MoneyGram (NASDAQ:MGI). - According to a SEC filing on Nov. 27, Ripple held 8.6% of MoneyGram's shares outstanding, but Ripple is now considering selling up to 4 million shares of its stake plus a warrant to buy up to another 5.95M shares.
- Ripple invested a substantial sum into MoneyGram as of June 2019. In November 2019, Ripple added another $50M.
- At the end of Q3 of 2020, Ripple paid MoneyGram $9.3M in "Market Development Fees," according to a SEC filing.
- Ripple pays MoneyGram based on the volumes of transactions processed through Ripple's On-Demand Liquidity (ODL) product, which is connected to its XRP token.
- We detailed Ripple's substantial incentivization payments to MoneyGram in a previous issue of Inside Cryptocurrency here.
Coindesk
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- "Phase 0" of Ethereum 2.0 concluded at 12:00 UTC Tuesday, and its Beacon Chain is now live. ETH 2.0 has been under construction since 2015. Co-Founder Vitalik Buterin tweeted congratulations.
- Raoul Pal, co-founder of the influential investing community RealVision and Global Macro Investor, endorsed bitcoin on Twitter on Nov. 29, 2020. Pal claimed to have sold all of his gold and allocated 79% of his liquid net worth to bitcoin, and 19% to Ethereum (ETH).
- On Nov. 30, 2020, Ethereum Classic (ETC) underwent another fork, activating its scheduled Thanos upgrade (EIP-1099) at a block height of 11,700,000. According to the CEO of ETCLabs, Terry Culver, the upgrade allows miners with a GPU system of 3GB and 4GB to continue mining ETC.
- Facebook's (NASDAQ:FB) Libra Association aims to launch its first stablecoin in January next year, according to a Financial Times report. The Facebook-funded non-profit will announce the launch date after securing a payment service license from FINMA.
- Libra is also rebranding to "Diem" to shed some of its negative brand image, including a scathing Senate inquiry. Originally planned to be a single stablecoin, Libra will now issue multiple stablecoins.
- Revtown's changing the denim game by applying the best parts of workout clothes—comfort, flexibility & durability—to jeans.*
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 |  | Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. |  | | Editor | Alexander Huls is a Toronto-based journalist. He has contributed articles about true crime and pop culture to The New York Times, Men's Health, Popular Mechanics, and other fine publications. Follow him on Twitter @alxhuls. | |
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