Aave launches open-source platform for social networking DApps on Polygon

Hi there! Welcome to the 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 exciting events. Below you will find the hottest news, the newest 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

Two Israeli credit card providers, Max and Isracard, have formed relationships with crypto-related sites to allow users to purchase Bitcoin.

Max announced a partnership with local crypto broker Bits of Gold to offer MaxBack Crypto, a crypto-enabled card. According to Max’s official website, the card will give BTC cashback and  the possibility to buy Bitcoin through Bits of Gold’s clearing arrangement.

Tally Labs, a Web3 media firm that manages the business operations and infrastructure software development of Jenkins the Valet, a fictional nonfungible token (NFT) initiative based on the life of a Bored Ape character, has raised $12 million in preliminary investment.

The raise will support six additional remote positions, the development of Jenkins the Valet’s intellectual property rights, and commercialization across various entertainment channels.

Quick weekly news:

• Polygon partners with Orbs and DeFi.org to launch an accelerator program
• New survey sheds light on people’s concerns about investing in crypto
• Aave launches open-source platform for social networking DApps on Polygon
• Cloudflare to run Ethereum node experiment to help ‘build a better internet’

Other notable events include:

• Coinbase Opens a Global Crypto ‘Think Tank’
• Peckshield, posing as Terra Fork, sounds the alarm on a honeypot

Coinbase Opens a Global Crypto ‘Think Tank’

Coinbase is attempting a new strategy to influence the conversation as the crypto business comes under increasing scrutiny from legislators and the media: a “global crypto-native think tank.”

The Coinbase Institute, established on Tuesday, will “cut across many disciplines and provide expert analysis and insights about what’s happening in the global crypto economy.”

The Coinbase Institute has already released its first paper, “Crypto and the Climate,” which argues that the industry’s high energy consumption is frequently justifiable and adds to new kinds of energy efficiency and long-term sustainability.

Peckshield, posing as Terra Fork, sounds the alarm on a honeypot

Peckshield, a blockchain security organization, issued a warning to investors yesterday regarding a freshly installed honeypot on Binance Smart Chain (BSC) posing as “Terra Luna Classic” (LUNC). The scammers capitalized on Do Kwon’s announcement that Terra would fork with no stablecoin UST, and the honeypot was born.

• Spot trading: Last week, we had our strong and almost permanent members of top spot trading Bitcoin (#BTC) and Ethereum (#ETH) in their first and second places. ApeCoin (#APE) and Cardano (#ADA) have been with us for a while now, in their fourth and fifth positions. Not surprisingly, Terra (#LUNA) came in third place.

• Derivatives: Bitcoin (#BTC), Theta Network (#THETA), Ethereum (#ETH), and Terra (#LUNA) were with us last week, slightly shuffling their position compared with the previous week. Surprisingly Decentraland (#MANA) snuck into fifth place.

New Listings on KuCoin:
– Step App (FITFI/USDC)
– USDD (USDD/USDC USDD/USDT)
– KaraStar (KARA/USDT)
– MovieBloc (MBL/USDT)
– Dusk Network (DUSK/USDT)
– Celestial (CELT/USDT)
– Kylin (KYL/USDT)
– FreshCut Diamond (FCD/USDT)

New Listings on Huobi:
– Klaytn (KLAY/USDT)
– Rocket Pool ETH (RETH/USDT)
– JUMBO token (JUMBO/USDT)
– USDD (USDD/USDC USDD/USDT)
– Tiny Coin (TINC/USDT)
– Adappter Token (ADP/USDT)

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

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The SAFEMARS protocol will automatically pay bonuses to holders for each transaction, as well as auto-locking the liquidity by burning the BNB/SAFEMARS LP tokens indefinitely, according to SAFEMARS. The firm believes that by making these daily burns clear and observable on the blockchain, the token becomes “unruggable.”

🔍 DYOR

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