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El Salvador’s President announced the creation of the world’s first BTC City

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

Twitter’s SEO Jack Dorsey presented a Whitepaper of a decentralized Bitcoin exchange called tbDEX. This document describes “a protocol for discovering liquidity and exchanging assets (such as bitcoin, fiat money, or real world goods) when the existence of social trust is an intractable element of managing transaction risk.”

During a panel discussion at the Bloomberg New Economy Forum in Singapore, Hillary Clinton took a swipe at crypto, saying it has the power to weaken entire countries eventually. She claimed that nowadays governments around the world faced a range of new challenges, including disinformation and artificial intelligence.

“What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger,” former democratic presidential candidate warned.

Robert Kiyosaki says he is ramping up BTC and ETH purchases:

“Dollar Tree becomes $1.25 Tree. Inflation is a tax on the poor and middle class. Inflation makes the rich richer. Get smart. Get richer. I am buying more gold, silver, Bitcoin, ethereum, rental real estate, and oil. What are you buying?”

Quick weekly news:

Other notable events include:

  • Australian Rest Super Pension Fund invests in crypto for its 1.8M members
  • El Salvador’s President announced the creation of the world’s first BTC City

Australian Rest Super Pension Fund invests in crypto for its 1.8M members

At the annual general meeting, Rest Super’s chief investment officer Andrew Lill told members that the company has plans to invest in cryptocurrency.

“It’s still a very volatile investment, so any allocation exposure we make to cryptocurrencies is likely to be part of our diversified portfolio as initially a fairly small allocation that may, over time, build,” claimed Andrew Lill. “We see it as a very interesting and important part of our portfolio going forward into the future,” he added

El Salvador’s President announced the creation of the world’s first BTC City

El Salvador plans the world’s first city built with crypto bonds and powered by the volcano. The President of El Salvador said that Bitcoin City will become a real settlement with residential and commercial real estate, restaurants, an airport and all infrastructure needed. Moreover, the borders of the city will have a rounded shape, and a complex with a huge BTC symbol will be built in the center.

“In Bitcoin City, we will have digital and technological education, geothermal energy for the entire city, and efficient and sustainable public transport,” Bukele stated.

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  • Spot trading: At the spot trading front, Bitcoin (BTC) and Ethereum (ETH) have become top dogs. SHIBA INU (SHIB) and VeThor (VTHO) were pushed to third and fourth places.
  • Derivatives: Bitcoin (BTC) and Solana (SOL) have become the most traded currencies as to trading derivatives. Ethereum (ETH) is following these two head to head with SHIBA INU (SHIB) and Chiliz (CHZ) taking fourth and fifth places.

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New Listings on KuCoin:

  • Burger Swap (BURGER/BTC BURGER/USDT)
  • SafePal (SFP/BTC SFP/USDT)
  • Litentry (LIT/BTC LIT/USDT)
  • Hifi Finance (MFT/BTC MFT/USDT)
  • EarthFund (1EARTH/ETH 1EARTH/USDT)
  • Tradecoin (TRADE/BTC TRADE/USDT)
  • Velas (VLX/BTC VLX/USDT)

New Listings on Binance:

  • PlayDapp (PLA/BTC PLA/USDT PLA/BNB PLA/BUSD)
  • Amp (AMP/BTC AMP/USDT AMP/BNB AMP/BUSD)
  • JasmyCoin (JASMY/BTC JASMY/USDT JASMY/BNB JASMY/BUSD)

By the way, our PRO plan includes new Exchange Listing alerts for more than 30 exchanges in our app. Become a PRO and receive an instant notification when a new coin is listed on the exchanges you’re interested in.

Start Free Trial 

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FLOKI coin was inspired by 2 tweets of Elon Musk. On June 25, 2021, he tweeted that he will be adopting a Shiba Inu puppy and that its name will be Floki. Then Tesla SEO shared an image of his pet known as ‘Shiba Inu’ on Twitter with the caption ‘Floki has arrived’. After this post, the meme coin rose by 1,000% in only two days and rallied about 1,500%.

The project runs on both the ETH blockchain and the BSC network. Floki Inu has a total supply of 10 trillion tokens, with nearly 50% presumably burned on ETH and BSC. This meme coin has ambitions that it intends to achieve using its vast community known as the “Floki Vikings.”

DYOR

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LRC is the native token of the Loopring protocol, a blockchain-based project that allows developers to build their own decentralized exchanges. This ERC-20 coin is defined as an open-source, audited, and non-custodial exchange protocol with the aim to allow anyone to build non-custodial, orderbook-based exchanges on ETH by leveraging zero-knowledge proofs.

The project’s goal is to develop a network of trading platforms where buyers and sellers may access different platforms from a single dashboard and be matched together to trade crypto assets. Finding someone to buy or sell BTC is much faster and easier using this system.

Recent announcements:

DYOR:

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We have prepared top-performing coins as of November 25th!

Gala has managed to become the best performing asset among TOP-100, gaining 73.74% within the last 24 hours.

Symbol was the worst-performing asset among TOP-100, losing 9.99% 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

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We hope this digest was useful and informative for you! 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 or Telegram. Become a better trader with the Good Crypto App!

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November 25, 2021

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