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
This morning, Bitcoin broke past $23,500 for the first time ever, leaving us officially in uncharted territory. The number of days we’ve lived with a higher price than today? ZERO.
Here’s how Bitcoin has performed over the past two times it broke new all-time highs, over the years:
- 2013: In less than one year, Bitcoin went from $30 to $1,100 (up 3,500%)
- 2017: In less than one year, Bitcoin went from $1,100 to $20,000 (up 1,800%)
- 2020: Bitcoin goes from $23,500 to ???
Time will tell what happens next. But if the history gives us any indication, we may be in for a ride…
Quick weekly news:
- Apple Co-Founder Launches New Efforce Token (WOZX): Read more here.
- Jed McCaleb Dumped 30 Million XRP This Week: Read more here.
- Grayscale Bought Up A Further 14,591 BTC and 105,000 ETH Last Week: Read more here.
- Tether Crowned as Most Traded Crypto in 2020: Read more here.
Other notable events include:
– Huobi’s HUSD Stablecoin to Run on Nervos Blockchain
– The Singapore government has launched an $8.99-million program to advance blockchain commercial applications within the city-state.
Ethereum, Nervos?
Huobi’s stablecoin HUSD will be also issued on another blockchain, Nervos, through the sUDT technical standard. HUSD tokens already exist on Ethereum in the ERC-20 form and are pegged to dollars reserved by Paxos Trust Company. Nervos is sometimes called China’s answer to Ethereum, and the new HUSDT stablecoin will be backed by Stable Universal Limited affiliated with Huobi, one of the ‘Big Three’ Chinese exchanges.
Blockchain R&D
The Singapore government has launched an $8.99-million program to push forward the development of commercial blockchain applications within the city-state. The nation’s National Research Foundation (NRF) and the Singapore Blockchain Innovation Programme will work with multinational corporations, large enterprises and IT firms to research and develop 17 blockchain-based projects, to help the city-state become ‘more globally connected’, especially in the times of coronavirus.
Here are last week’s top listings on crypto exchanges:
New Listings on CoinbasePro:
- AAVE (AAVE/USD, AAVE/BTC, AAVE/EUR, AAVE/GBP) +20% after listing🚀
- Bancor (BNT/USD, BNT/BTC, BNT/EUR, BNT/GBP) +80% after listing🚀
- Synthetix(SNX/USD, SNX/BTC, SNX/EUR, SNX/GBP) +35% after listing🚀
New Listings on Binance:
- Golem Network Token (GLM/ETH GLM/BTC)
New Pairs on Binance:
- LINK/NGN XLM/EUR TRX/TRY DF/BUSD LINK/BRL DF/ETH LTC/RUB
New Pairs on Huobi:
- FIL3L/USDT FIL3S/USDT
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.
💲 Good Crypto – Coin of the Week: DASH (DSH)
Dash (DSH) is an open-source cryptocurrency offering a fast, cheap global payments network that is decentralized at root
Dash offers users a privacy option so far as they are not required to provide personal information such as a name and an address. And unlike Bitcoin, transactions are not public.
The PrivateSend function provides increased data protection. The technology that Dash uses for the PrivateSend function — CoinJoin. This is a method of obfuscating transactions until they become so complex that they are difficult to analyze.
😋 Recent announcements:
- Complete guide about DASH
- The world’s largest adult web portal expanded its payment options by adding new cryptocurrencies
🔥 DYOR:
We have prepared for you the top-performing coins of Dec 17.
Ripple (XRP) has managed to become the best performing asset from TOP-100, gaining 23.19% within the last 24 hours.
Bancor (BNT) was the worst-performing asset from TOP-100, losing 5.83% 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
😁 Bitcoin and its attempts to reach $20k in 2020
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!