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 4% decline in bitcoin price was seen on April, 7, as the cryptocurrency continued the attempts to break the $60,000 level.
Sellers outweighed buyers at $60,000 with ethereum, litecoin and XRP going down 6%, 8% and 13% respectively, as of Wednesday morning.
It might likely take more buying pressure for bitcoin to break above its all-time high of more than $61,000 reached in mid-March. Since hitting those highs, bitcoin has been traded mostly sideways and failed to push through $60,000 three times.
Coinbase has announced impressive first-quarter results in their report. The bountiful revenue, revealed in the company’s Q1 earnings call, dwarfs its $190-million revenue from the same time last year, with the company attributing a portion of this explosive growth to Bitcoin’s (BTC) bull market.
Also, the company is spending a lot of money to acquire new customers. Coinbase intends to increase its sales and marketing expenditure to 12%-15% of last year’s net revenue in an effort to drive “meaningful growth in 2021.”
Quick weekly news:
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Privacy Chat App Signal Rolls Out Cryptocurrency Payments: Read more here.
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Ontology’s Wing Cross-Chain Lending Platform Now Available on Ethereum Blockchain: Read more here.
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World’s Oldest Central Bank Extends Digital Currency Test Till 2022: Read more here.
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New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’: Read more here.
Other notable events include:
– Ebang launches its own cryptocurrency exchange
– Akon’s plans to develop project crypto-city
Ebang
Chinese Bitcoin mining hardware manufacturer Ebang International has announced the launch of its own cryptocurrency exchange, Ebonex.
With both spot and margin trading available, the exchange supports more than a dozen major digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Chainlink (LINK), Polkadot (DOT), and Cardano (ADA), as well as the so-called ‘privacy coins’–Monero (XMR), Dash (DASH), and Zcash (SEC).
Crypto-city
Senegalese-American rapper and businessperson Akon is set to begin building another crypto city. Akon City in Uganda will occupy one square mile half the size of the City of London.The city will utilize Akon’s Stellar blockchain-based cryptocurrency Akoin (AKN).
Akon stated that the crypto city will help to attract more investments to the country while also creating employment opportunities for Ugandans. Akon City in Uganda is expected to be completed by 2036.
Here are the hottest exchange listings of the last week:
New Listing on Binance:
– Tokocrypto (TKO/BUSD TKO/BIDR TKO/BTC TKO/USDT)
New Pairs on Binance:
– XVG/BUSD THETA/EUR RVN/TRY
– EPS/BTC EPS/BUSD AUTO/BUSD EPS/USDT AUTO/BTC AUTO/USDT
New Listing on FTX:
– Pundi X[new] (PUNDIX/USD PUNDIX-PERP)
New Pairs on FTX:
– MTL-PERP MTL/USD DODO-PERP DODO/USD
– HOOD/USD
– SKL-PERP ORBS/USD STORJ-PERP STORJ/USD ORBS-PERP SKL/USD
– HUM/USD AXS-PERP STX-PERP DAWN/USD DAWN-PERP XEM-PERP AXS/USD HUM-PERP
New Listing on Huobi:
– InsurAce (INSUR/USDT INSUR/BTC INSUR/ETH)
– Filda (FILDA/USDT FILDA/BTC FILDA/ETH)
– RAI Finance (RAI/BTC RAI/USDT RAI/ETH
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!
HoloChain is a platform on which decentralized applications can be developed. In addition, HoloChain has positioned itself as an improvement on existing blockchain technology. The company wants to revolutionize the existing data-centric structure of blockchain and convert it to an agent-centric system.
Holo fuel is Holochain’s native currency. Mainly, Holochain applications (hApps) pay the Holochain hosts in Holo fuel for their services. However, you can use it as a simple peer-to-peer currency as well.
😋Recent announcements:
New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher
Holo (HOT) Price Predictions: Where Will HOT Go After Holochain Patent News?
🔥DYOR:
– Website
We have prepared for you top-performing coins of Apr 8.
Enjin Coin has managed to become the best performing asset among TOP-100, gaining 39.54% within the last 24 hours.
Bitcoin SV was the worst-performing asset among TOP-100 (again), losing 2.44% 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
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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!