Bakkt announced Visa debit card, Bitcoin dropped below $30K

Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.

Weekly Market Summary

A U.S. cryptocurrency platform Bakkt announced the launch of the Bakkt Visa debit card, which will allow customers to use cryptocurrencies for online purchases. 

Cardholders will be able to spend bitcoins from their Bakkt accounts without a need to convert the cryptocurrency into fiat.

The price of bitcoin dropped slightly below $30,000 during the last few days of volatile trading. Bitcoin’s price reached this level for the first time since January, thereby, wiping out almost all of its gains for the year.

Bitcoin fell by as much as 12% on Tuesday, June 22. It reached $28,824 in the last leg of a sell-off that has pulled the cryptocurrency down more than 50% from it’s ATH. It recovered later in the day to around $32,000.

Drop in Bitcoin has cascaded across the digital asset market, knocking “alt-coins” such as Ethereum and Dogecoin.

Quick weekly news:

• U.S. crypto exchange Kraken eyeing public listing in 2022: Read more here.

• World Bank Won’t Help El Salvador Develop Its Bitcoin Project: Read more here.

• Digital land in Decentraland sells for $913K… to a virtual property developer: Read more here.

• Bitcoin Mining Firm Powered by Waste Coal Raises $105 Million: Read more here.

Other notable events include:

– GM may start selling cars for Bitcoin

– Musk сounters Kraken CEO on BTC being greener than critics say

Payment

General Motors CEO Mary Barra said the auto giant may start selling its cars for BTC. According to her, this is possible if such a need arises among the company’s customers.

“There’s nothing stopping us from doing that. We will be guided by the wishes of our customers,” Barra said.

Green BTC

Musk has hit back at the chief executive of the Kraken crypto exchange, who said BTC is “a lot greener than people give it credit for.”

Responding to the statement on Twitter, Musk said: “Based on what data?” It marked a renewal of Musk’s argument with crypto die-hards over Bitcoin, which he has said is environmentally damaging due to the “insane” energy use required for the computing work that secures the network and creates new coins.

GoodCrypto Roadmap Voting

We get asked a lot about our product roadmap and upcoming features. While we do have a huge number of exciting features under development, our Roadmap is not set in stone. 

Not only we are constantly coming up with new ways to improve the app ourselves but also you, our users, give us a lot of ideas almost every day.

That’s why we launched GoodCrypto Roadmap Voting in our Subreddit. Vote for the features you miss in the app the most and get them prioritized on our roadmap.

 

• Spot trading: Unsurprisingly, Bitcoin (BTC) is holding the first place by trading volume again. The second place is followed by Ripple (XRP), it managed to outperform Ethereum (ETH). BinanceCoin (BNB) and Solana (SEL) closed the last week’s TOP 5 coins by traded volume on GC.
• Derivatives: This week’s TOP 5 derivatives was marked with new favorites among altcoins: Maker (MKR) at the forth place and PAX Gold (PAXG) at the fifth. These two followed the traditional most traded coins: BTC, ETH, XRP.

Here are the hottest exchange listings of the last week: 

New Listings on CoinbasePro:

– Chiliz (CHZ/EUR CHZ/GBP CHZ/USDT)

– Solana (SOL/USD SOL/BTC SOL/EUR SOL/GBP)

New Listings on Binance:

– Keep Network (KEEP/BNB KEEP/USDT KEEP/BUSD KEEP/BTC)

– Ethernity Chain (ERN/USDT ERN/BUSD ERN/BNB)

– Klaytn (KLAY/USDT KLAY/BUSD KLAY/BNB KLAY/BTC)

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!

 

SafeMoon is a decentralized financial protocol (DeFi) launched in March 2021. The name SafeMoon is a reference to the phrase “to the moon,” used on social media by crypto traders expecting Dogecoin prices to rise.

A community behind SafeMoon has set the goal to reward long-term holders of the token by passing on to them a slice of the profits from sales fees.  This is how they want to prevent prices from being artificially inflated through collusion. That helps  investors make maximum profit in the short term. SafeMoon charges a general fee of 10% on all sales. Of this, 5% is distributed and passed on to SafeMoon holders.

🔍DYOR

– Twitter

– Website

XinFin is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance. 

XinFin aims to complement the legacy financial ecosystem by providing an authorized blockchain that governments, businesses and private firms can use to overhaul their technology stack and provide a range of new use cases. 

XDC is the fuel token of the XinFin network. It is used to pay for transactions and smart contract transactions. It can also be used to participate in the XinFin validator network and to deploy smart contracts.

 

We have prepared for you top-performing coins of June 24.

Klaytn has managed to become the best performing asset among TOP-100, gaining 24.97% within the last 24 hours.

Livepeer was the worst-performing asset among TOP-100 (again), losing 13.97% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter.

 

Top crypto meme of the week

💰 The bigger the deposit, the more tears

 

We hope you found this digest useful and informative! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!