Crypto investments in India rosed, Coinbase enters new market

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

Crypto investments in India rose over the past year by as much as 19,900%—from $200 million to nearly $40 billion.

Despite continued regulatory pressure from the country’s government and central bank, Indian investors demonstrate increased confidence in cryptocurrencies.

Coinbase has received a crypto custody license from Germany’s Financial Supervisory Authority (BaFin), allowing Coinbase to continue serving the German market

In this regard, shares of Coinbase cryptocurrency exchange rose by 5%.

In response to receiving the license, Coinbase plans to localize its services and expand its product offering in the country.

Quick weekly news:

• Coinbase Plans to Build Crypto App Store
• NYDIG set to bring Bitcoin adoption to 650 US banks and credit unions
• Users Prohibited From Derivatives Trading on Huobi

Other notable events include:

– Morgan Stanley buys bitcoin through Grayscale
– Elrond announced a partnership with Saito

Bitcoin
Megabank Morgan Stanley has purchased 28,289 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund.

Morgan Stanley has been increasingly active in the cryptocurrency space to meet growing demand from its clients. Not so far, the firm allowed a handful of its funds to invest indirectly in Bitcoin (BTC) through cash-settled futures contracts and Grayscale’s Bitcoin Trust, including other funds.

Partnership

Elrond announced entering a partnership with Saito. The partnership will help developers use tokens acceptable on Elrond (like eGold) in web games and apps running on Saito’s P2P network.

With the collaboration, both ventures will make each other interoperable. It will lead Saito users and developers to use Elrond and eGold tokens as the crypto within their web games and apps.

 

Being a trader is not an easy job. It is crucial to be fluent in using a variety of trading instruments and develop new strategies to stay on the crypto market. That’s why we would like to introduce you to one of the essential trading tools in our new article.

In this article we’ve answered the following questions:

– What are Bollinger Bands
– How to read technical indicators
– Two strategies for using Bollinger Bands
– Are there any alternatives?
– How to use Bollinger Bands with the Good Crypto App?

👉Read the full article 

 

• Spot trading: According to last week’s trading results, there are new favorites on the block, Polygon (MATIC) and THETA (THETA) that have even managed to steal leadership from Bitcoin (BTC) and pushed it to the third place.
• Derivatives: Bitcoin (BTC) and Ripple (XRP) remain the most preferred coins when trading derivatives. Cardano (ADA) is right behind them, leaving Ripple (XRP) and Binance Coin (BNB) in fourth and fifth places

Here are the hottest exchange listings of the last week:

New Listings on CoinbasePro:

– BarnBridge (BOND/USD)
– Quant (QNT/USD)
– Livepeer (LPT/USD)

New Listings on Binance:

– Klaytn (KLAY/BUSD KLAY/BNB KLAY/BTC KLAY/USDT)

New Listings on Huobi:

– BoringDAO (BORING/USDT BORING/ETH BORING/BTC)

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

 

Loser Coin (LOWB) is a new altcoin that launched in 2021. Allegedly, there are two founders: one is a father of two from a poor village, and the other one is a coder “living a miserable life” and working 60 hours a week.

Eager to escape their circumstances, the duo dabbled in the stock market and cryptocurrency trading and lost a lot of money. However, despite their history of loss, they’ve decided to YOLO and invested all of their savings into launching LOWB.

🔍DYOR

Twitter 
Website 

Klaytn is a global public blockchain platform developed by Ground X in 2019. Klaytn is a service-oriented blockchain platform that offers an intuitive development environment and a friendly end-user experience. It is based on solid reliability and significant stability with significant service development for mass adoption.

The platform makes it possible to immediately produce real applications at scale, allowing end users to fully utilize the services without much knowledge of blockchain or cryptocurrency.

😋Recent announcements:

Klaytn (KLAY) price prediction: how high can the market’s new favourite coin go?
Klaytn Partners with ConsenSys on Blockchain Solutions to Advance Korea’s Digital Currency Project

🔥DYOR:
Twitter 
Website

 

We have prepared for you top-performing coins of Jul 1 for you.

XinFin Network has managed to become the best performing asset among TOP-100, gaining 13.29% within the last 24 hours.

Waves was the worst-performing asset among TOP-100 (again), losing 12.34% within the last 24 hours.

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

 

Top cryptomeme of the week

😏 Oops…

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!