Ethereum 2.0 goes live, BTC Hits ATH.

Hello everyone, this is our weekly crypto 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

On November 30, Bitcoin shot through its previous all-time high of $19,783, before pulling back slightly. It’s a significant milestone for the cryptocurrency, which has regained price levels not seen since the 2017 bull run. However, amid all the celebrations, some observers have sounded a note of caution, reminding that “Bitcoin always crashes,” though “the bottom will be much higher up this time.”

On Tuesday, the first phase of the Ethereum 2.0 scaling upgrade launched, as its Beacon Chain went live. The Ethereum 2.0 upgrade aims to make several major improvements to the Ethereum network, including the introduction of a proof-of-stake mechanism—a vital step in resolving Ethereum’s scalability issues. The launch followed a tense month of preparation, in which the pace of staking required to launch the network initially fell short of expectations – before a late surge of validators committed to staking, enabling the launch of the beacon chain.

Quick weekly news:

• XRP Overtakes Tether as the 3rd Largest Cryptocurrency by Market Cap: Read more here.
• Assets Locked in DeFi Market Breaks $14 Billion Mark: Read more here.
• Tether Market Cap Rises $1 Billion in 9 Days: Read more here.
• Anti-Bitcoin Cash Group Launch 51% Attack to Disrupt BCH Hard Fork: Read more here.

Other notable events include:
– OKEx will offer a mix of compensation and rewards to users who’ve suffered because of a five-weeks-long suspension in withdrawals.

– PayPal’s CEO Dan Schulman is bullish on bitcoin as an actual currency. 

Everything OK?

OKEx will offer a mix of compensation and rewards to users who’ve suffered because of a five-weeks-long suspension in withdrawals. Users who have made deposits, held tokens or traded during the withdrawal suspension time period will receive 20% of OKEx’s total income from futures and perpetual swap transaction fees over the last seven weeks. The exchange will also provide rebate cards to users with assets worth more than 10,000 tether within a certain window. OKEx remains in the top position for bitcoin futures open interest, currently worth $1.27 billion, according to data source Skew.

Crypto… currency?

In case you missed it, PayPal’s CEO Dan Schulman is bullish on bitcoin as an actual currency. Luckily for him, PayPal will soon allow its network of merchants to accept bitcoin payments. Appearing on CNBC’s Squawk Box on Monday, Schulman said bitcoin’s usefulness as a currency will co-exist with its buy-and-hold status. The CEO also said a central bank digital currency is a global inevitability, though that could bolster bitcoin’s utility. “I think that there’ll be more and more use cases for cryptocurrencies” that make bitcoin more widely accepted, more stable and probably “more valuable” over time.

Here are the hottest exchange listings of last week:

New Listing on CoinbasePro:

• NuCypher (NU/USD NU/GBP NU/BTC NU/EUR) – x2.5 after listing 🚀

New Listings on Binance:

• Prometeus (PROM/BNB PROM/BUSD)
• SKALE Network(SKL/BTC SKL/BUSD SKL/USDT)

New Pairs on Binance:

• AAVEDOWN/USDT AAVEUP/USDT
• XRP/NGN XRP/BRL
• BCH/EUR YFI/EUR ZIL/BIDR

New Listings on Huobi:

• Golem(GLM/BTC GLM/USDT GLM/ETH)
• SKALE Network(SKL/BTC SKL/ETH SKL/USDT)
• Firo (FIRO/USDT FIRO/BTC FIRO/ETH)

New Pairs on Huobi:

• ZEC3L/USDT ZEC3S/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.

 

💲 Good Crypto – Coin of the Week: Horizen (ZEN)

Horizen’s mission is to empower people and bring the world together by building a fair and inclusive ecosystem where everyone is rewarded for their contributions.

Horizen’s sidechain and scaling solution, according to the team, is the first completely decentralized and fully customizable sidechain protocol on the market. The Horizen sidechain platform was created to enable businesses and developers to affordably and quickly create real-world blockchain applications on Horizen’s fully distributed, secure, and privacy-preserving architecture.

😋 Recent announcements:

Sikoba And Horizen Partner To Bring Transparency To The Decentralized Credit Market.

Celsius And Horizen To Build Fully Decentralized, Privacy-Preserving Blockchain

🔥 DYOR:

Website

Twitter

 

We have prepared for you the top-performing coins of Dec 3. 

Decred (DCR) managed to become the best performing asset from TOP-100, gaining 32.79% within the last 24 hours.

Bitcoin Cash ABC (BCHA) was the worst-performing asset from TOP-100, losing 7.61% 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

Too real man 😭

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 Good Crypto app!