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Dfinity slaps Facebook’s Meta with logo lawsuit

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

Yesterday would have been the 66th birthday of Hal Finney, a computer scientist, and the world’s first publicly acknowledged Bitcoiner.

Finney was also the first person to publicly run Bitcoin (BTC), with a memorable tweet that frequently resurfaces in the annals of crypto Twitter history.

Elon Musk, Tesla CEO, updated his Twitter profile pic to a collage of Bored Apes from BAYC.

Musk didn’t choose just any Bored Apes image; he “borrowed” a promotional piece from Sotheby’s auction of 101 Bored Ape NFTs from September 2021. Sotheby’s VP, Michael Bouhanna, requested in a tweet to Musk to either delete or give credit to the image.

Musk has a lengthy history of interacting with the crypto Twitter community, including mocking and posting memes that have boosted the price of Dogecoin in the past. He even tweeted a typical criticism from NFT detractors in this case, adding, “I dunno … seems kinda fungible.”

Quick weekly news:

Other notable events include:

  • The regulatory approach to DeFi should be reconsidered
  • The Kraken NFT marketplace has opened a beta waitlist

The regulatory approach to DeFi should be reconsidered

Analysts from the European Commission demonstrated a surprising knowledge of how decentralized finance (DeFi) works, defining it as something distinct from the old financial system and realizing that it would necessitate a shift in regulatory thinking.

Patrick Hansen, a long-time specialist on European regulation and crypto venture adviser at Presight Capital, revealed some key insights from the EU Commission’s “European Financial Stability and Integration Review 2022” on Monday, May 2. The writers of the T report, dated April 7, include a 12-page chapter on DeFi in which they present a reasonable approach to the problem.

The Kraken NFT marketplace has opened a beta waitlist

More than four months after CEO Jesse Powell launched the idea, crypto exchange Kraken has established a waitlist for its non-fungible token, or NFT, marketplace in beta.

Kraken announced Tuesday that the queue for its marketplace is open. Of course, this means NFT sales, but what sets them apart is the ability to utilize tokens for collateral on loans. In addition, for any NFT held on Kraken, users can trade with zero gas. The only time gas fees apply is when tokens leave the platform. Finally, Kraken includes a “rarity score” based on the “traits and attributes that make every NFT unique.” Creators get rewarded with a portion of the secondary market sales from their NFTs.

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  • Spot trading: What an odd coincidence, for two weeks straight, our top list is almost the same. Except, Bitcoin (BTC) returned to its leading position, switching with JasmyCoin (JASMY), which landed in fourth place. Ethereum (ETH), NEAR Protocol (NEAR) and Terra (LUNA) were relatively stable in their second, third and fifth places.

  • Derivatives: This list, as well as spot trading, is without changes, except Kyber Network Crystal v2 (KNS) knocked CAKE off the list to sneak into fifth place. Bitcoin (BTC) and Terra (LUNA) continue as the most traded currencies for derivatives trading. Theta Network (THETA) and STEPN (GMT) are ranked third and fourth places respectively.

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New Listings on Binance:
– REI Network (REI/BNB REI/ETH REI/USDT)
– NEXO (NEXO/BTC NEXO/BUSD NEXO USDT)
– MobileCoin (MOB/BTC MOB/BUSD MOB/USDT)

New Listings on Coinbase Pro:
– STEPN (GMT/USD GMT/USDT)
– Green Satoshi Token (GST/USD GST/USDT)

New Listings on Kraken:
– Samoyedcoin (SAMO/EUR SAMO/USDT)
– Marinade Staked SOL (MSOL/EUR MSOL/USD)
– STEPN (GMT/EUR GMT/USD)
– Green Satoshi Token (GST/EUR GST/USD)
– Gari Network (GARI/EUR GARI/USD)
– Centrifuge (CFG/EUR CFG/USD)

New Listings on KuCoin:
– Bitgert (BRISE/USDT)
– Green Satoshi Token (GST/USDT)
– Syscoin (SYS/BTC SYS/USDT)
– OVR (OVR/USDT)
– PolkaFoundry (PKF/USDT)
– Pastel (PSL/USDT)
– Decentral Games (DG/USDT)
– Ellipsis (EPX/USDT)

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

Start Free Trial 

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BitShiba is a community-driven initiative that aims to give equitable financial opportunity to people from all walks of life. By using a DAO, SHIBA holders will decide BitShiba’s future. Two critical components of any successful crypto project are putting the community first and ensuring decentralization. These two items are BitShiba’s primary focus.

BitShiba’s native asset, SHIBA, is a fully compliant bep20 coin that resides on Binance Smart Chain. SHIBA is restricted in quantity and does not have a mint characteristic.

🔍 DYOR

Website
Twitter

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Terra claims that its usage of fiat-pegged stablecoins distinguishes it from the competition by combining the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currency. It maintains its one-to-one peg thanks to an algorithm that adjusts stablecoin supply in response to demand. It motivates LUNA holders to trade LUNA and stablecoins at lucrative exchange rates as needed to extend or reduce the stablecoin supply to meet demand.

👉🏻 Recent announcements:

🔍 DYOR:

Website
Twitter

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We have prepared for you the top-performing coins as of May 5!

Zilliqa has managed to become the best performing asset among the TOP-100, gaining 28.58% within the last 24 hours.

Nexo was the worst-performing asset among the TOP-100, losing 2.02% within the last 24 hours.

Top Crypto Meme of the Week

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We hope this digest was valuable and informative for you! 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 or Telegram. Become a better trader with the Good Crypto App!

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May 5, 2022

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