Hi there! This is a weekly digest brought to you by the Good Crypto team. We know how important it is to keep in the loop on the latest developments in the niche, so we have brought together the most interesting events of the past week. 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
El Salvador’s President Nayyib Bukele announced that the country acquired another 21 BTC this night.
With this purchase, El Salvador’s BTC reserve contains 1,291 BTC, which is equivalent to $63.3 million.
BitMEX announced the launching of its native token called BMEX. The token holders can enjoy trading rebates, better rates for the exchange’s Earn product, access to BitMEX’s trading academy, and more. Existing users can begin earning up to 25% of their trading fees in BMEX by simply trading on the exchange.
Quick weekly news:
- Elon Musk thinks Neuralink is better than the metaverse in long term
- Kraken Exchange Grows its Crypto Staking Business With Staked Acquisition
- Instagram “Actively Exploring” NFT Integration
- Bitcoin nears $50K — Here are the BTC price levels to watch next
Other notable events include:
- FBI confiscated stolen $150 million in BTC from a Sony Life Insurance employee
- MetaMask Announced NFT Integration in Extension
FBI confiscated stolen $150 million in BTC from a Sony Life Insurance employee
The US Department of Justice (DOJ) announced that it will return more than $150 million stolen funds from a branch of Sony Group Corporation.
In May, an employee of Sony Life Insurance Company Ltd, Rei Ishii, embezzled $154 million from Sony and converted it into 3,879 BTC, then he transferred the funds to a cold wallet. The cost of these funds is valued today at more than $180 million.
The American Federal Bureau of Investigation (FBI) recovered these stolen funds. Investigators had managed to obtain the private key required to access the attacker’s BTC address.
FBI Agent Susan Turner expressed her gratitude to Sony and Citibank for their quick response and cooperation as soon as the theft was detected.
MetaMask Announced NFT Integration in Extension
The developers of the MetaMask crypto wallet announced that the browser extension will integrate an NFT-enabled feature to be on par with their mobile app.
Earlier, the MetaMask team announced potential plans for a token release and an airdrop. In addition, they are also developing new features that enable the aggregation of assets across different networks and Layer 2 solutions.
- Spot trading: At the spot trading front, Ethereum (ETH) and Curve DAO Token (CRV) have become top dogs. Theta Network (THETA) is following these two head to head with Avalanche (AVAX) and Bitcoin (BTC) taking fourth and fifth places.
- Derivatives: Ethereum (ETH) and Bitcoin (BTC) have become the most traded currencies as to trading derivatives. Avalanche (AVAX) is following these two head to head with Gala (GALA) and Terra (LUNA) taking fourth and fifth places.
New Listings on KuCoin:
- RaceFi (RACEFI/USDT)
- Originate Coin (ORC/USDT)
- Geeq (GEEQ/USDT)
- Bondly (BONDLY/ETH BONDLY/USDT)
- Chumbi Valley (CHMB/USDT)
- UFO Gaming (UFO/USDT)
- Kollect (KOL/ETH KOL/USTD)
New Listings on Kraken:
- Avalanche (AVAX/USD AVAX/EUR)
- LUNA (LUNA/USD LUNA/EUR)
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.
Flokimooni is creating an entire attractive DeFi ecosystem with the most up-to-date features in the crypto world. This crypto was birthed by fans & members of the Shiba Inu community. Flokimooni is named after Elon Musk’s very own Shiba Inu. The Flokimooni Token contract is verified and 100% of LP tokens have been locked. This means that no one can ever access the liquidity pool.
FLOKIMOONI is working on three flagship utility projects: an NFT gaming metaverse, an NFT and merchandise marketplace, and a Dex & Launchpad platform known as Flokimooni. Their community is called Flokimoonies.
DYOR
Cosmos counts itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies dApps.
Recent announcements:
- New Cosmos, Mastercard projects to boost Ethereum scalability
- Traders say ATOM could eventually do an AVAX-like surge to $100
We have prepared top-performing coins as of December of 23th!
NEAR Protocol has managed to become the best performing asset among TOP-100, gaining 28.32% within the last 24 hours.
Terra was the worst-performing asset among TOP-100, losing 10.86% 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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