Bitcoin Hits ATH on its 12th Birthday, Ethereum Just Shot Past $1150

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

Happy birthday, Bitcoin! Twelve years ago yesterday, one pseudonymous ‘Satoshi Nakamoto’ mined the Genesis block into existence, earning 50 bitcoin. Back then it was worthless, now the value of the block reward sits at an all-time high of $1,720,000.

Yesterday was the anniversary of that first drill into a strange new world—and the day it set it’s all-time high, $34,608. Genesis block would be the first of, to date, 664,324. Stranger still, Nakamoto left a cryptic message within the block’s raw data: ”The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

The price of Ethereum, the second-largest cryptocurrency by market cap, today hit $1,150, which was the culmination of the weekend’s spree adding a few hundred dollars to its price. Coinbase shows that ETH briefly hit that price at 23:38 UTC, before dropping below $1,000. 

While proselytisers and vultures alike have been circling around BTC in droves since Christmas, Ethereum’s strong performance is on the way to surpass the all-time high of $1,432 set in January 2018. That was the last time ETH hit four figures before settling into a three-figure decline by the beginning of February 2018.

Quick weekly news:

• Ethereum Transaction Fees Soar Amid High Demand: Read more here.
• DeFi Quietly Breaks Record as Investors Lock Up $15 Billion: Read more here.
• eToro to Suspend XRP Trading for US Users: Read more here.

Other notable events include:

– Bittrex To Delist Privacy Coins Monero, ZCash, and Dash in Two Weeks

– Trader Drops $105k on NBA Crypto Collectibles for LeBron James’s Bday

No more privacy

Crypto exchange Bittrex announced that it would remove Monero (XMR), ZCash and Dash privacy coins on Friday, January 15th at 11:00 pm UTC, Friday January 15th.

The Bermuda-registered exchange did not provide a reason for the delistings, but all three are privacy coins – a class of cryptocurrencies that offer untraceable transactions. Monero is private by default, and ZCash and Dash have an option for private transactions.

Birthday gift

For LeBron James’s birthday, NFT trader Pranksy has ‘decided to double down’ on NBA Top Shot, the blockchain-based digital trading card game that has recently been making a lot of money for investors.

Pranksy, not to be confused with the British Banksy copycat, is a 29-year-old mobile games designer from the UK. He moonlights as an NFT trader and an extremely successful one! He made half a million dollars trading NFTs, he claimed on Zima Red’s two hour-long podcast.

Here are the hottest exchange listings of the last week: 

New Listing on Binance:

– Reef Finance (REEF/USDT REEF/BTC)

New Pairs on Binance:

– OG/USDT ASR/BTC ATM/USDT ASR/USDT OG/BTC ATM/BTC

New Listing on Okex:

– Cover Protocol (COVER/USDT COVER/ETH)

New Listings on Huobi:

– Linear (LINA/BTC LINA/USDT LINA/ETH)

– HomeBlockCoin (HBC/HT HBC/BTC HBC/USDT)

New Pairs on FTX:

– EUR/USD AUD/USD

– XMR/PERP FTT/PERP

– CEL/USD

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.

 

Stellar is a payment network that supports use of its native asset called Lumens (XLM).

You don’t buy Stellar, that’s the name of the platform. The crypto-asset on the Stellar platform is known as lumens. 

A Stellar Lumen is the native asset for the Stellar network. Each transaction made on the Stellar network has a comparatively-low fee of 0.00001 lumens. With one Lumen valued at approximately $0.40 at the time of this writing, this makes the cost of a transaction $0.000004. In other words, it’s very, very inexpensive.

Stellar uses the Stellar Consensus Protocol (SCP) rather than Proof of Work. The Stellar Consensus Protocol (SCP) is a protocol that achieves optimal safety against ill-behaved participants. Basically, it aims to be more secure and offer better protection against malicious parties.

😋Recent announcements:

Stellar | Explained

XLM vs. XRP (Stellar vs. Ripple): The 2020 Full Comparison

🔥DYOR:
– Website

– Twitter

 

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

Loopring has managed to become the best performing asset from TOP-100, gaining 50.04% within the last 24 hours.

Dogecoin was the worst-performing asset from TOP-100, losing 30.75% within the last 24 hours.

To get up-to-date Gainer and Losers reports during the week follow us on Twitter. 

 

Top cryptomeme of the week

It’s not a hot cup of coffee a day starts with, but a phone 📱

 

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!