Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Good morning, good day, and good evening. Welcome back to The Morning Cup. It’s your weekly recap of the latest in crypto news and your start to the week, no matter where you are. Don’t worry, we’ve selected just what you need to stay up-to-date, so you won’t spend time pouring through the news you don’t need, only the news you care about.
📈 📉 Market Watch!
Major coins including BTC, ETH go green again
The top 20 coins are in the green again. Bitcoin (BTC) increased nearly 9% over the past 7 days, and is now trading at $22,916 at the time of writing. As for Ether (ETH), it rose 5.4% over the past week and currently trades at $1,636. Other notable rallies last week included Solana (SOL), Dogecoin (DOGE), Ripple (XRP) Polygon (MATIC), TRON (TRX), and Avalanche (AVAX), and they were the top 20 coins reported by CoinGecko last week. For the 24H gainers on Poloniex, they are XFLR/USDT, XMON/USDD, FIL/USDT, APT/USDT, VINU/USDT at press time.
🗞️ So, what happened?
Poloniex celebrates 9th anniversary in the crypto industry
Amidst this crypto winter, many companies find themselves with the task of standing strong and fighting against the FUD. A difficult task indeed. But, some companies manage to thrive and shine in tough times with creative and innovative ideas, one of which is Poloniex. In 2023, we are celebrating our 9th anniversary with plans to launch more products and services to its customers across the globe. We’ve got a lot of work ahead of us, but for now, let’s celebrate how far we’ve come!
One more major Aussie bank to create stablecoin
National Australia Bank (NAB) has become the second major bank in Australia to create a stablecoin, named AUDN, backed by the Australian dollar 1:1. AUDN will allow retail and institutional investors to settle transactions on the Ethereum and Algorand blockchain networks in real time, and is slated for a public launch around mid-2023. At the time of launch, users will be able to use the stablecoin for various transactions, including trading carbon credits and sending money overseas, according to the Australian Financial Review.
NAB’s decision comes nine months after its rival, Australia & New Zealand Banking Group Limited (ANZ), created a similar product, A$DC.
This news marks the final bank of Australia’s big four to attempt the successful launch of an Australian dollar-backed stablecoin, joining the ranks of the aforementioned ANZ as well as Commonwealth Bank and Westpac. Although NAB and ANZ are working closely with financial regulators on the creation of stablecoins, they have faced setbacks due to competition concerns.
🤑 New Listings on Poloniex
Here’s what we’ve listed recently:
New Coins
Futures
🔍 DYOR before trading
Polopedia
Learn about one of the most crucial components of DeFi, and decentralized exchanges. Here is our explainer on liquidity pools.
Crypto Glossary
It’s the acronym of “Do Your Own Research”, which is commonly used in the crypto space. For example, margin trading can be highly profitable, but it can incur losses if you didn’t DYOR and gauge your risk tolerance beforehand.
What’s happening here at Poloniex?
This is what Poloniex’s week looked like
Highlights for the week
Campaigns
Our recap of ongoing campaigns that YOU can get involved in!
We’ve got a whole bunch of campaigns going on to celebrate our 9th anniversary. Need help choosing which one’s to get in on? Here’s a handy list:
Poloniex Exchange on Twitter: "Too many 9th Anniversary activities to choose from? This poster shows you all campaigns available at Poloniex now 🎮 #PoloniexTurns9Join 👉 https://t.co/b9VPWiDTfJ pic.twitter.com/dehR3Oc9eU / Twitter"
Too many 9th Anniversary activities to choose from? This poster shows you all campaigns available at Poloniex now 🎮 #PoloniexTurns9Join 👉 https://t.co/b9VPWiDTfJ pic.twitter.com/dehR3Oc9eU
Poloniex Exchange on Twitter: "📹 Create a video to share ⚡️800 USDT!⚡️📅 Duration: 13 January - 1 February🧩 Choose a topic🧩 Create a video 🧩 Fill in the form & share $800!Guaranteed gifts for ALL participants!🎁Click to join 🚀https://t.co/qcbc3Z9FwX#PoloniexTurns9 #Video #BTC #crypto pic.twitter.com/hvjZ8DsXtp / Twitter"
📹 Create a video to share ⚡️800 USDT!⚡️📅 Duration: 13 January - 1 February🧩 Choose a topic🧩 Create a video 🧩 Fill in the form & share $800!Guaranteed gifts for ALL participants!🎁Click to join 🚀https://t.co/qcbc3Z9FwX#PoloniexTurns9 #Video #BTC #crypto pic.twitter.com/hvjZ8DsXtp
Celebrate Poloniex’s 9th Anniversary with a $1,300,000 Prize Pool (1/10–02/07/2023)
Poloniex - Crypto Asset Exchange
The community megaphone📢
Highlights from the community
Poloniex Exchange on Twitter: "🧐Do you remember your first trade? Which token did you buy? Our community managers @truerickyharun & @Hasannuysal talked to their friends & made this video. Enjoy it and feel free to share with us your first trading experience below👇! #PoloniexTurns9 https://t.co/4EjG3rnciS / Twitter"
🧐Do you remember your first trade? Which token did you buy? Our community managers @truerickyharun & @Hasannuysal talked to their friends & made this video. Enjoy it and feel free to share with us your first trading experience below👇! #PoloniexTurns9 https://t.co/4EjG3rnciS
Poloniex Exchange on Twitter: "Poloniex Arabic is in Telegram now! Join now ➡️https://t.co/w3ThvWZRW0#PoloniexArabic pic.twitter.com/bW20fmRlx5 / Twitter"
Poloniex Arabic is in Telegram now! Join now ➡️https://t.co/w3ThvWZRW0#PoloniexArabic pic.twitter.com/bW20fmRlx5
Zebec Protocol ⛵ on Twitter: "Zebec congratulates @Poloniex for their 9️⃣th Anniversary‼ We're super pumped to see what they bring next ⏭💰 Join Poloniex's Campaign that has a Prize Pool of $1,300,000 🎁🎀 More details 🎀 https://t.co/lKS2m59aCs pic.twitter.com/WXy2qc9cVo / Twitter"
Zebec congratulates @Poloniex for their 9️⃣th Anniversary‼ We're super pumped to see what they bring next ⏭💰 Join Poloniex's Campaign that has a Prize Pool of $1,300,000 🎁🎀 More details 🎀 https://t.co/lKS2m59aCs pic.twitter.com/WXy2qc9cVo
Poloniex Exchange on Twitter: "🥳 @justinsuntron prepared anniversary video message to us! Let's hear what he says together! 🤩#PoloniexTurns9https://t.co/3RYPhFArc6 / Twitter"
🥳 @justinsuntron prepared anniversary video message to us! Let's hear what he says together! 🤩#PoloniexTurns9https://t.co/3RYPhFArc6
And that about covers it for this week! Curious about our campaigns or upcoming events? Give us a shout in our Telegram channel.
Is there anything you’d want to see us cover in our newsletter? Make sure to comment on this Medium article! Just want to show your appreciation? Smash that clap button and give a round of applause👏
Thanks for spending some time with us as we went over what’s going on. And wherever you are, from the team here at Poloniex, good morning, good day, and good evening!
☕️The Morning Cup: Major coins go green again; One more Aussie bank to create stablecoin was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.