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Good Crypto Weekly Digest Nov 9-16. BTC $17K, Stolen crypto, DeFi cooldown.

Good Crypto Weekly Digest Nov 9-16. BTC $17K, Stolen crypto, DeFi cooldown.

Hello everyone, this is the Good Crypto team. Each crypto week is full of news and events, and we decided to summarize the past 7 days in our crypto weekly digest. Here you’ll find everything from weekly market summary and top news to the hottest new exchange listings and even memes to cheer you up. To get these updates as soon as we post them - follow us on Twitter.

Weekly Market Summary

The past crypto week has clearly been bullish: Bitcoin’s market cap increased to over $300 billion, which is more than the market cap of Zoom and PayPal and very close to Mastercard. If Bitcoin was a publicly traded company, it’d have been the 20th most valuable company in the world. Not bad for a 12-year old!
Quick weekly news:

Other notable events included:

- Since 2011, $7.6 billion worth of cryptocurrencies have been stolen through hacks or scams, according to a new Crystal Blockchain report.

- Despite a DeFi cooldown, the amount of tokenized BTC on Ethereum increased 21% since September. 

$7.6B stolen

Since 2011, $7.6 billion worth of cryptocurrencies has been stolen through hacks or scams, according to a new Crystal Blockchain report. Approximately $2.8 billion was stolen through 113 security breaches, with a concentration of hacks taking place in the U.S., Japan, U.K., China, and South Korea. Another $4.8 billion was stolen through scams, with Crystal Blockchain identifying 23 prominent fraud schemes. Noting that the number of hacks and scams seems to be holding steady, malicious actors are growing more sophisticated. Proper insurance, reserve balances, in-house security teams, and blockchain analytics software are all recommended remedies.

Tokenization chill

Despite a DeFi cooldown, the amount of tokenized BTC on Ethereum (WBTC) increased by 21% since September. There is now well over 150,000 BTC, worth some $2.3 billion, on Ethereum. However, the trend has slowed significantly. Roughly $360 million worth of bitcoins was tokenized in October, compared to the $737 million tokenized in September, according to data from Dune Analytics. Notably, the tokenized amount was greater than the amount of the new BTC mined in that period for the third consecutive month.

Top Exchange Listings of the week 

Top Exchange Listings of the week

Here are the hottest exchange listings of last week: 

New Listings on Binance:

  • PowerPool (CVP/ETH CVP/BUSD)
  • The Force Protocol (FOR/BTC FOR/BUSD)
  • STRAX (STRAX/BTC STRAX/ETH STRAX/BUSD STRAX/USDT)
  • Frontier (FRONT/ETH FRONT/BUSD)
  • Bitcoin Cash ABC (BCHA/BUSD)

New Pairs on Binance:

  • LTC/NGN ADA/EUR

New Listings on Huobi:

  • Stafi (FIS/ETH FIS/USDT FIS/BTC)
  • Kava.io (KAVA/USDT KAVA/ETH KAVA/BTC)

New Pairs on Huobi:

  • XRP3L/USDT XRP3S/USDT
  • BCH3S/USDT BCH3L/USDT

New Listings on Kucoin:

  • ShareToken (SHR/USDT SHR/BTC)
  • Bitcoin Cash (BCH/BTC BCH/USDT)
  • Experty Wisdom Token (WIS/BTC)
  • VIDT Datalink (VIDT/USDT)

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

Coin of the week

Coin of the week: Civic (CVC)

💲 Good Crypto - Coin of the Week #Civic #CVC

The CVC token is intended to be used to incentivize stakeholders to participate and behave correctly in the Identity.com marketplace as described in the CVC white paper. Identity.com owns the CVC utility token and the Identity.com marketplace.

Identity.com is the leading identity-verification nonprofit providing an open-source, decentralized ecosystem. It also provides a marketplace focusing on verifying credentials rather than exchanging personally identifiable information. Together with Identity.com, companies and developers may create convenient, on-demand identity verification solutions that offer consumers more control over their digital identities.

😋 Recent announcements:

Civic Secure Identity Users: Say Hello to Civic Wallet: https://bit.ly/32J3w94 

ICYMI: Health Key by Civic at the UNWTO Forum: https://bit.ly/2IosAeR 

🔥 DYOR:

Website: https://www.civic.com/ 

Twitter: https://twitter.com/civickey

Top Gainers and Losers of the day

We have prepared for you the top-performing coins of Nov 19. 

SushiToken (SUSHI) managed to become the best performing asset from TOP-100, gaining 21.62% within the last 24 hours.

Ampleforth (AMPL) was the worst-performing asset from TOP-100, losing 15.95% within the last 24 hours.

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

 

Top Gainers and Losers of the day

Top crypto meme of the week

Send it to the largest XRP holder you know➡️

Send it to XRP hodler ➡️

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

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November 19, 2020

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