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The EU wants to ban anonymous cryptocurrency wallets by 2024

The EU wants to ban anonymous cryptocurrency wallets by 2024

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

For card holders that wish to pay for items using cryptocurrencies, Mastercard will employ the USDC stablecoin as a bridge asset. It is the first stablecoin that will let cryptocurrency holders spend their digital assets at retailers that accept Mastercard cards.

The USDC will act as a bridge between the cryptocurrency in customers' digital wallets and the fiat currency paid to merchants. USDC is a digital token that nearly always trades at 1$ because the issuer promises to redeem it 1-for-1 using greenbacks at any time.

Three U.S. senators are calling to forbid American athletes from using China's digital yuan at the Winter Olympics in Beijing in February 2022.

The Republican legislators stated in a letter to the chair of the United States Olympic and Paralympic Committee that the “digital yuan is completely controlled by the People's Bank of China, and can be tracked and traced by the central bank.”

In turn, Chinese Foreign Ministry spokesperson Zhao Lijian called for the U.S. politicians to “abide by the spirit stipulated in the Olympic Charter,” and asked them to “stop making sports a political matter and stop making troubles out of the digital currency in China.”

Quick weekly news:

Other notable events include:

- EU wants to ban anonymous cryptocurrency wallets
- Bitcoin has climbed above $31,000

The EU wants to ban anonymous cryptocurrency wallets by 2024

The European Commission (EC), the EU's executive body, announced a new proposal, calling for more stringent regulation of anonymous cryptocurrency wallets and transactions. According to the document, the Commission proposes to oblige companies that facilitate transfers of Bitcoin and other cryptos to gather different personal data from senders and receivers.

A company handling cryptoassets for a customer must include the customer's name, address, date of birth, and account number, as well as the name of the person who will receive the cryptoassets.The recipient's service provider must also check if any of the required information is missing. It's believed that this should aid law enforcement agencies in their efforts to prevent money laundering and terrorist financing.

Bitcoin has climbed above $31,000

Alongside gains in global equity markets and new signs of rising demand for cryptocurrencies from traditional market participants, Bitcoin has climbed beyond $31,000. However, it may be too early to call a trend reversal higher.

According to CoinDesk 20 data, the biggest cryptocurrency by market value was changing hands near $31,300. The bounce comes a day after the cryptocurrency printed its first UTC close below $30,000 since New Year’s day and may have caught out some traders.

It's assumed the dip below $30,000 was shallow and short-lived, due to the risk reset in traditional markets.

GC_Roadmap_Voting

July is coming to an end, and so is our first GC Roadmap Voting round!

Based on your upvotes, 3 most important app features to come include:

- Ability to modify price/size of open orders
- Infinity Trailing Algo
- Custom timeout for Stop Loss trigger

Guess what, one of the top runners, Infinity Trailing, is coming in the next release!
Thank you for all of your upvotes and check 10 new features on our Reddit page!
Change our roadmap with your upvotes and make Good Crypto even better!


most_traded_coins

  • Spot trading: There are two favorites at the spot trading front: Bitcoin (BTC) and FTX Token (FTT). Two top dogs have overtaken Solana (SOL) and Stacks (STX) to push them to third and fourth places.
  • Derivatives: Bitcoin (BTC) and Ethereum (ETH) have also become the most traded currencies as to trading derivatives. FTX Token (FTT) is following these two head to head with Axie Infinity (AXS) and Cardano (ADA) taking fourth and fifth places.

listings

New Listings on CoinbasePro:

  • Mask Network (MASK/EUR MASK/GBP MASK/USDT MASK/USD)
  • Rally (RLY/USDT RLY/GBP RLY/EUR RLY/USD)

New Listings on Kraken:

  • Karura (KAR/USD KAR/EUR)

New Listings on Kucoin:

  • Karura (KAR/USDT)

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

ELONGATE is a Binance Smart Chain cryptocurrency coin. Holders are rewarded with a 10% transaction fee, which is donated to charity in large amounts. To earn rewards, holders just need to hold their tokens, nothing more.

Elongate was coined by a meme - a viral tweet from Elon Musk embedded within both the world of cryptocurrency and the world of charity.

ELONGATE's mission is to leverage community action and blockchain technologies to grow a global movement that defies the status quo and makes profitability intrinsically linked to positive social impact.

🔍DYOR

Twitter
Website

coin_of_the_week

Aave is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, whereas borrowers might borrow with either too much collateral (perpetually) or too little collateral (one-block liquidity).

Aave Protocol has been audited and secured. The protocol is entirely open source, allowing anybody to interact with a user interface client, API, or directly with the smart contracts on the Ethereum network. Because the protocol is open source, you may develop any third-party service or application to interface with it and enhance your product.

😋Recent announcements:
Aave price hits a 3-week high as ‘Aave Pro’ debuts for institutional lending
Aave to launch permissioned deployment for institutions in July

🔥DYOR:
Website
Twitter

 

gainers&losers

We have prepared top-performing coins of July 22 for you.

Axie Infinity has managed to become the best performing asset among TOP-100, gaining 37.79% within the last 24 hours.

UNUS SED LEO was the worst-performing asset among TOP-100 (again), losing 9.88% 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

When you try to live a normal life, but something goes wrong.

memeof_the_week

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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July 22, 2021

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