Solana Labs has launched ‘Solana Pay’ payment protocol

Hi there! This is a weekly digest brought to you by the Good Crypto team. We know how important it is to be well-informed about the latest developments in the niche, so we have brought together the past week’s most interesting events. Below you will find the hottest news, latest exchange listings and even memes to cheer you up. If you want to get these updates as soon as we post them, follow us on Twitter or Telegram.

Weekly Market Summary

Solana Labs has launched ‘Solana Pay’, a payment protocol, which will allow merchants to accept payments directly from customers.

Transactions will be instant, Solana Labs said, adding that merchants will receive payments “in real time”.

MicroStrategy announced that it purchased an additional 660 BTC for $25 million in cash at an average price of $37,865 per BTC.

MicroStrategy currently HODLs 125,051 BTC, acquired for ~$3.78 billion at an average price of ~$30,200 per BTC.

Quick weekly news:

• India legalizes crypto, unveils 30% tax on the sale of digital assets
• El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs
• Arizona State Senator Proposes a Bill to Make Bitcoin Legal Tender
• Acquisition of Liquid by FTX

Other notable events include:

• Grayscale Launches First ETF
• Google Is Exploring Blockchain Technology

Grayscale Launches First ETF

Grayscale has announced the launch of an ETF that tracks Bloomberg Grayscale Future of Finance Index and selects U.S. Bank as Service Provider. The new ETF is made up of 22 crypto-forward firms.

The Bloomberg Grayscale Future of Finance Index comprises companies representing three “Future of Finance” pillars:

• Financial Foundations
• Technology Solutions
• Digital Asset Infrastructure

“As we strive to meet investor demand for products that will define the next generation of investment portfolios, we are thrilled to reach this important milestone: a first step in what will be an ongoing strategic expansion of Grayscale’s investment offerings that leverage the ETF wrapper,” said David LaValle, Global Head of ETFs at Grayscale Investments.

Google Is Exploring Blockchain Technology

During the company’s December quarter earnings call, the CEO of Google Sundar Pichai stated that Google’s parent company Alphabet is exploring the possibilities of blockchain integration into its main products such as YouTube and Google Maps services, aiming to support the new generation of the Internet.

“The web has always evolved, and it’s going to continue to evolve. As Google, we have benefitted tremendously from open-source technologies, and we plan to contribute there,” said Sundar Pichai.

• Spot trading: On the spot trading front, Bitcoin (BTC) and Ethereum (ETH) have become top dogs. Cardano (ADA) is following these two head on with Theta Network (THETA) and Internet Computer (ICP) taking fourth and fifth places.
• Derivatives: Bitcoin (BTC) and Solana (SOL) have become the most traded currencies as to trading derivatives. Ethereum (ETH) is ranking third with Terra (LUNA) and FTX Token (FTT) in fourth and fifth places.

New Listings on Binance:

• Xeno Token (XNO/USDT XNO/BUSD XNO/EYH XNO/BTC)

New Listings on KuCoin:

• Convex Finance (СVX/USDT)
• Hubble Protocol (HBB/USDT)
• Survival Game (SURV/USDT)
• Metis (MTS/USDT)
• Roar Token (ROAR/USDT)

New Listings on Kraken:

• Akash Network (AKT/USD AKT/EUR)
• Step Finance (STEP/USD STEP/EUR)
• Saber (SBR/USD SBR/EUR)
• Polis (POLIS/USD POLIS/EUR)
• Orca (ORCA/USD ORCA/EUR)
• Mango (MNGO/USD MNGO/EUR)
• Kin (KIN/USD KIN/EUR)
• Bonfida (FIDA/USD FIDA/EUR)
• Star Atlas (ATLAS/USD ATLAS/EUR)

By the way, the Good Crypto PRO plan includes new Exchange Listing alerts for more than 30 exchanges. Become a PRO and receive an instant notification when a new coin is listed on the exchanges you’re interested in.

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MonaCoin is an open-source decentralized cryptocurrency and a p2p payment network launched in January 2014. MonaCoin is built on an algorithm called Lyra2RE (v2) and is based on a hard fork of Litecoin.

The MonaCoin payment network is entirely decentralized. Like most decentralized projects, it doesn’t belong to one single person but belongs to all users. Furthermore, the platform’s peer-to-peer technology makes it independent and self-governing. The coins are issued collectively with the users of the system as payment for mining.

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Hedera (HBAR) is a cryptocurrency that runs on a hashgraph blockchain. The Hedera Hashgraph enables cryptocurrencies, smart contracts, and DApps. Hedera is owned and backed by some of the biggest corporations in the world and uses a different version of the proof-of-stake consensus algorithm to provide quicker transaction speeds, cheaper fees, and reduced energy consumption compared to the other cryptocurrencies.

👉🏻 Recent announcements:

• Hedera going open source with the Hashgraph
• Hedera Hashgraph Partnered With UK Air Traffic Company to Track Drones

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We have prepared top-performing coins as of February the 3th!

Quant has managed to become the best performing asset among TOP-100, gaining 21.95% within the last 24 hours.

Convex Finance was the worst-performing asset among TOP-100, losing 13.80% within the last 24 hours.

Top cryptomeme of the week

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