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Tesla enabled Bitcoin payment method, Fidelity wants lo launch its own Bitcoin ETF

Tesla enabled Bitcoin payment method, Fidelity wants lo launch its own Bitcoin ETF

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

Tesla’s CEO Elon Musk announced that it is now possible to buy Tesla vehicles in the U.S. with Bitcoin.

When you use Bitcoin to purchase goods or services, you are basically selling that cryptocurrency. So for tax purposes, the IRS treats Bitcoin and other crypto as property. Each sale comes with either a gain or a loss depending on whether it is worth more or less than when you bought it.

Tesla has a section on its website where it provides some details on how it will handle Bitcoin purchases.

Fidelity, one of the largest financial institutions in the world, is seeking approval from the US Securities and Exchange Commission to launch a Bitcoin ETF.

The exchange-traded fund, which would allow retail investors to bet on the price of Bitcoin without the need to buy and store the cryptocurrency themselves, would be registered as the Wise Origin Bitcoin Trust. Fidelity Service Company Inc would serve as the administrator, and Fidelity Digital Assets would custody the physical Bitcoin underlying the ETF, should it be approved.

Quick weekly news:

  • Coinbase Users Say Crypto Startup Ignored Their Pleas for Help: Read more here.

  • Crypto Exchange Coinsquare Ordered to Hand Thousands of Customers’ Records to Canadian Tax Agency: Read more here.

  • India to reportedly propose cryptocurrency ban, penalizing miners and traders: Read more here.

  • Theta's Mainnet 3.0 launch date pushed to June: Read more here.

Other notable events include:

- Enjin want to make NFTs environmentally friendly

- Binance to partner with Singapore-Based Platform CapBridge

Enjin

Blockchain company Enjin is partnering with social gaming platform Ludena Protocol to integrate eco-friendly NFTs into GameTalkTalk, a social gaming app in South Korea. Enjin and Ludena Protocol will work together trying to boost GameTalkTalk engagement and developing carbon-neutral NFTs within the app. Amid the current mania for non-fungible tokens (NFTs), their environmental impact has come under the magnifying glass from news outlets such as WIRED and TIME, while art platform ArtStation abandoned an NFT initiative amid a backlash from users over their energy consumption.

Binance

Blockchain and cryptocurrency infrastructure firm Binance has signed a Memorandum of Understanding (MoU) with Singapore-regulated private markets platform CapBridge to broaden its services.Two firms intend to build a strategic security token offering (STO).

“By joining forces with CapBridge, Binance will be able to work with a fully licensed firm to broaden services securing compliance with local regulations,” said Binance CEO Changpeng Zhao.

Top Exchange Listings

Here are the hottest exchange listings of the last week: 

New Listing on Binance:

- LINA (LINA/BTC LINA/USDT LINA/BUSD)

- RAMP (RAMP/BTC RAMP/BUSD RAMP/USDT)

New Pairs on Binance:

- ADA/RUB PERP/BTC MATIC/EUR NEO/TRY PERP/BUSD PERP/USDT ENJ/BRL ENJ/EUR

New Listing on FTX:

- The Sandbox (SAND/USD SAND-PERP)

New Pairs on FTX:

- DENT-PERP CRO/USD NPXS/USD DENT/USD NPXS-PERP CRO-PERP

New Listing on Bittrex:

- OptionRoom (ROOM/USDT ROOM/BTC)

- Shopping (SPI/BTC SPI/USDT)

- REVV (REVV/BTC REVV/USDT)

New Pairs on Bittrex:

- UBQ/USDT

- LSK/USDT

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!

 

Terra (LUNA) is a blockchain-based payment system.

Terra (LUNA) is a blockchain-based payment system. It is based on a stablecoin that maintains its value using a mechanism of increasing and decreasing the number of coins depending on the demand. To maintain the same Terra price, LUNA actually acts as a market maker.

The Terra payment network is backed by a family of stablecoins pegged to major fiat currencies. They are based on a protocol designed to always algorithmically maintain price stability by expanding or contracting the money supply. The stablecoin network is backed by a staking-enabled LUNA token. As a reward for ensuring stability and security, LUNA stakers receive a reward - network commissions and seigniorage.

😋Recent announcements:

TERRA: Could LUNA Really Go to The Moon?

Terra (LUNA) Price Prediction 2021 - Forecast in year 2021

🔥DYOR:
- Website

- Twitter

 

Top gainers and losers of mar 25

We have prepared for you top-performing coins of Mar 25.

Pundi X has managed to become the best performing asset among  TOP-100, gaining 11.44% within the last 24 hours.

Fantom was the worst-performing asset among  TOP-100 (again), losing 21.89% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter.

Top crypto meme of the week

Yes, that is why you need to use Stop Loss in the Good Crypto App 😏

Yes, that is why you need to use Stop Loss in the Good Crypto App 😏

We hope you found this digest useful and informative! 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. Happy trading with the Good Crypto app!

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March 26, 2021

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