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Bitcoin heads back toward $50K, PayPal rumored to buy Startup Curv

Bitcoin heads back toward $50K, PayPal rumored to buy Startup Curv

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

Bitcoin (BTC) started the month on a positive note, jumping more than 8% to about $49,000. It happened after a price plunge last week  - the biggest one since the coronavirus wrecked markets early last year.

The gains came amid fresh signs of adoption in the digital-assets field. Google Finance added a data tab on cryptocurrencies. And Michael Saylor’s MicroStrategy, which has been a big bitcoin buyer via its corporate treasury, added another 328 BTC (worth $15 million).

According to different reports, PayPal is interested in acquiring Curv (startup focused on providing security solutions for cryptocurrency custody), and the talks between  two companies are not a spoiler   considering how quickly the rumour is spreading despite the cautious stance taken by both companies.

Local sources argue that the cost of the deal would be in the range of up to $500 million. This amount would exceed the expectations of Curv’s development team, which hoped to rake in between $200 million and $300 million from the company’s sale.

Quick weekly news:

  • Enjin New Solutions 'Bring Scaling to Ethereum, Remove Fees, Support NFTs':Read more here.

  • Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high: Read more here.

  • Dogecoin Can Now Be Bought and Sold at 1,800 Bitcoin ATMs in the US: Read more here.

  • Netflix 'might' be next Fortune 100 firm to buy Bitcoin — Tim Draper: Read more here.

Other notable events include:

-  First Ether ETF in the world

- Crypto bellwether to go public on Nasdaq

ETHX

The world’s first Ether exchange-traded fund (ETF) may be on its way, after CI Global Asset Management filed a preliminary prospectus in Canada.

In the announcement, the firm said it proposed for CI Galaxy Ethereum ETF” to be the first ETF in the world to invest directly in Ether (ETH, -3.09%), the native cryptocurrency of the Ethereum network.

If approved, the ETF would trade on the Toronto Stock Exchange (TSX) under the ticker 

Coinbase S-1

The U.S. Securities and Exchange Commission has published Coinbase’s S-1 filing, clearing the way for the crypto bellwether to go public on Nasdaq. The publication provides the first public view of its financial performance and how it intends to use the funds it raises. The company generated net income of $322.3 million in 2020, with CEO Brian Armstrong taking home almost $60 million.

New eschange listings

Here are the hottest exchange listings of the last week: 

New Listing on Binance:

- Bounce Token (AUCTION/BUSD AUCTION/BTC)

- Phala Network (PHA/BUSD PHA/BTC)

- Terra Virtua Kolect (TVK/BUSD TVK/BTC)

- Badger DAO (BADGER/BTC BADGER/USDT BADGER/BUSD)

- Stafi (FIS/USDT FIS/BTC FIS/BUSD)

New Pairs on Binance:

- ADA/BRL ADA/TRY ADA/GBP DOT/GBP

New Listing on FTX:

- Enjin Coin (ENJ-PERP ENJ/USD)

- 0x (ZRX/USD ZRX-PERP)

- Bancor (BNT/USD BNT-PERP)

New Pairs on FTX:

- OLY2021

- QTUM-PERP

- ZIL-PERP

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!

 

Coin of the week - FLOW

Flow (Dapper Labs) was developed by Dapper Labs, the company behind the CryptoKitties blockchain game. The blockchain was designed for a new generation of games and digital collectibles.

Flow allows developers to create successful cryptocurrency businesses, and with the help of applications on Flow, users can control their own data, develop new types of digital assets that can be traded in open markets from anywhere in the world.

The FLOW token is the network's own currency. It is necessary for the network and all applications based on it to function. The token is designed both as a means of payment and as a long-term reserve asset for the entire Flow's economy. Developers, users and validators use the token to participate in the FLOW network and receive rewards. In addition, the token is used to pay for and participate in the future governance of the protocol.

😋Recent announcements:

Introducing Flow, a new blockchain from the creators of CryptoKitties

Flow Token (Dapper Labs) Price Prediction 2021, 2022, 2025, 2030, 2050

🔥DYOR:
- Website

- Twitter

 

We have prepared for you top-performing coins of Mar 4.

We have prepared for you top-performing coins of Mar 4.

Enjin Coin has managed to become the best performing asset from TOP-100, gaining 55.46%  within the last 24 hours.

Fantom was the worst-performing asset from TOP-100 (again), losing 12.60% within the last 24 hours.

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

 

Good Crypto Feature of the week

⚙️Feature of the week - Stop Loss

⚙️Feature of the week - Stop Loss

Stop Loss is a trading tool to help minimize losses  once the market price of the asset reaches a specified value. 

Sometimes it is difficult to predict and avoid losses due to many factors in the market. But by using Stop Loss you can back yourself up.

⚙️How it works

As soon as the market price reaches a certain value, Stop Loss gets  triggered automatically. This happens at  a price level you have set.

✅How to set it up 

When you want to place an order via Good Crypto App, go to Exchanges -> Place an order -> Attach the Stop Loss -> Set up the price level at which you are ready to close an order-> Slide to action to an order. 

👍Pros 

- Minimizes the risks of significant losses

- Fast and automatically action 

- Allows achieving better results than you expected

👎Cons

No cons in itself. Take advantage of Stop Loss.

🚀 Take care about your money and become a better trader with the Good Crypto App!

Top crypto meme of the week

It happens 🤷‍♂️

Mem of the wekk

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!

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March 4, 2021

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