Hi there! This is a weekly digest brought to you by the Good Crypto team. We know how important it is to be well-informed about the latest developments in the niche, so we have brought together the past week’s most interesting events. Below you will find the hottest news, latest exchange listings and even memes to cheer you up. If you want to get these updates as soon as we post them, follow us on Twitter or Telegram.
Weekly Market Summary
CEO of Meta, Mark Zuckerberg, has disclosed that his video and photo-sharing app, Instagram, plans to add non-fungible tokens (NFTs) to the platform.
Zuckerberg reportedly stated, “We’re working on bringing NFTs to Instagram in the near term,” in an appearance at the South by Southwest conference in Austin, Texas. Then he clarified that he was “not ready to announce exactly what that’s going to be today.”
DeFi analytics platform DappRadar has released a detailed report on how the war between Ukraine and Russia affects the crypto industry. Keynote: digital assets will take on an essential role in financial stability.
Analysts concluded that the war would inspire people to use decentralized financial instruments.
“This scenario will generate even more distrust into the centralized banking system, paving the way to adopting and recognizing digital assets and cryptocurrencies,” is reported.
Quick weekly news:
- Mila Kunis’ Studio Launches Solana NFT Animated Series, The Gimmicks
- Proposal Limiting Proof-of-Work Is Rejected in EU Parliament Committee Vote
- Binance temporarily halts Polygon deposit and withdrawal to sync nodes
- Japan Sets Penalties on Crypto Exchanges for Violating Russia Sanctions
Other notable events include:
- Visa Seeks New Crypto and Blockchain Talent
- Musk continues to hold BTC, ETH, and DOGE
Visa Seeks New Crypto and Blockchain Talent
Visa is inviting students to participate in its Crypto Development Program- New College Grad (Undergraduate) as the company continues to grow its in-house crypto capability.
It stated that it will be an “18-month rotational development experience designed to build a fully fluent cryptocurrency team now and for the future.”
Employees hired under the program will rotate on teams such as Crypto Product, Crypto Solutions, and Digital Partnerships and gain experience of Crypto such as DeFi, NFTs, Stablecoins, Central Bank Digital Currencies, etc.
Musk continues to hold BTC, ETH, and DOGE
On Twitter, Musk admitted that Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics due to the war in Ukraine. That makes technologies more expensive. Inflation in the US reached a new 40-year high, with the consumer price index 7,9.
Despite this, Musk has assets that he will stock up on in the current situation:
“As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw,” Elon Musk tweeted.
- Spot trading: On the spot trading front, Bitcoin (BTC) and NEAR Protocol (NEAR) have become top dogs. Polkadot (DOT) is following these two head on with Terra (LUNA) and Ethereum (ETH) taking fourth and fifth places.
- Derivatives: Bitcoin (BTC) and Terra (LUNA) have become the most traded currencies as to trading derivatives. SportyCo (SPF) is ranking third with Fantom (FTM) and TRON (TRX) in fourth and fifth places.
New Listings on Binance:
– NanoByte (NBT/USDT NBT/BIDR)
– Kadena (KDA/USDT KDA/BUSD KDA/BTC)
New Listings on KuCoin:
– Sovi Universe (SON/USDT)
By the way, the Good Crypto PRO plan includes new Exchange Listing alerts for more than 30 exchanges. Become a PRO and receive an instant notification when a new coin is listed on the exchanges you’re interested in.
Zelda Inu is a fully transparent token with a kind community aiming to save pets in need. Their strategy lays out a clear route to their ultimate goal: financing shelters and rescues that help the animals. Many meme coins have profited from dogs, but this project is focused on getting together and giving back to them.
💡 DYOR
UNUS SED LEO, launched in May 2019, is a utility token used across the iFinex, the parent Tron (TRX) is a cryptocurrency and blockchain developed by the Tron Foundation. Tron software includes smart contracts and decentralized applications (dApps), making it suitable for other cryptocurrencies besides the Tron token. TRX, however, is at the heart of this blockchain.
TRON has broken its objectives into some stages, including:
– delivering simple distributed file sharing,
– driving content creation through financial rewards,
– allowing content creators to launch their personal tokens
– decentralizing the gaming industry.
🔎 Recent announcements:
We have prepared top-performing coins as of March of 17th for you!
Celo has managed to become the best performing asset among TOP-100, gaining 20.77% within the last 24 hours.
Kyber Network Crystal v2 was the worst-performing asset among TOP-100, losing 3.22% within the last 24 hours.
Top cryptomeme of the week
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