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Letter

Telegram Plans a DEX Launch: Crypto Weekly Newsletter #029

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Stripe fiat-to-crypto payments, Telegram DEX, wallet, and European Central Banks against Bitcoin.

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Letter
One Button Capital
December 5, 2022
Dec 5

Welcome to the first One Click Crypto letter of December.

Despite efforts to keep investors’ confidence, a total of 109,133 Bitcoin ($1.8Bn) has been taken off centralized exchanges in the last 30 days, according to Watcher.Guru.

At the same time, the European Central Bank published an article named “Bitcoin’s last stand,” quoting that the number one cryptocurrency is on the path of “irrelevance.”

Are the authors correct? Not exactly. While some of the points covering the economic impact of BTC are valid to some extent, the paper itself aims to increase FUD and further solidify Europe’s current stance towards crypto, taking advantage of the recent FTX collapse.

Crypto has an answer.

Market update

A consecutive green week for crypto is one of the good news of the past seven days. Bitcoin jumped by +5.35%, trading above $17,077 at the time of writing, while Polygon increased by +11.57%, making it the largest gainer from the top 10 list. The total market cap is now $878Bn.

Data from Dec 05, 2022, at 17:30 UTC via Messari.io.

Latest news:

Telegram To Build a Crypto Wallet and Decentralized Exchange

Pavel Durov, founder and CEO of Telegram, desires to return crypto to trustless models. As the failure of the cryptocurrency exchange FTX shakes confidence in the industry’s centralized players, Telegram is building trustless and decentralized alternatives.

In his Telegram channel on Wednesday, Pavel Durov, founder and CEO of the messaging platform, announced that the company would begin developing “non-custodial wallets” and “decentralized exchanges” that would allow millions of users to trade cryptocurrencies safely.

Crypto Broker Genesis Owes Customers Of Centralized Exchange Gemini $900M

Genesis and its parent company Digital Currency Group (DCG), owe customers of the Winklevoss twins’ Gemini cryptocurrency exchange $900M.

The U.S. cryptocurrency lender has stated that it is working with restructuring attorneys to avoid bankruptcy. In addition, they initiated discussions with potential investors and their largest creditors, including Gemini, a prominent cryptocurrency exchange.

Stripe Launches Fiat-to-Crypto Widget for Web3

Payment processor Stripe now offers a widget that provides Web3 developers with a fiat-to-cryptocurrency gateway. The widget is customizable, and developers can integrate it with their DEX, NFT platform, wallet, or dApp with just 10 lines of code. Stripe will take care of all KYC, payments, fraud, and compliance, meaning no need for multiple third-party services.

End users will benefit from a “seamless checkout experience “, optimized for conversion with an instant crypto settlement. The one-click checkout experience is already available on several Stripe partners, including Magic Eden.

Other news

Our research

Read the October Crypto report in one click.

Market overview and in-depth research on the greatest crypto trades in the last 13 years.

More research:

AI Crypto Trading Bot With 100% Accuracy
Trading Patterns Of Crypto AI Bots
Can AI Trading Bot Beat ETH By +0.23% Daily?
Top 5 Crypto Trading Bots For December 2022

One Click Crypto performance

Aggregated return of One Click Crypto vs. BTC and ETH

As crypto begins to recover some of its 2022 losses, Bitcoin rallied by +6.15% last week. Ethereum, on the other hand, increased by +9.69%, while One Click Crypto’s aggregated returns returned +2.76%.

Aggregated return for 7 and 30 days, measured on Dec 04 at 23:59 UTC. Source: 1CC Stats

Top trading strategy

The new generation of trading AI dominated last week’s investments. Performer v1 netted an average of +5.43% ROI, while Performer v2 gained +5.38% on average.

Top-performing AI strategies between Nov 28 00:00 UTC and Dec 04 23:59 UTC. Source: 1CC Stats

Top-performing market pairs

The most profitable market pair between Nov 28 and Dec 04 was FTM: BUSD for Performer v1 with a +28.56% ROI, while Performer v2 did almost identically in FTM: USDT.

The best market pairs for 1CC AI bots between Nov 28 00:00 UTC and Dec 04 23:59 UTC.

Product updates

Below are the latest updates that our development team has made.

Dec 1, 2022
- Updating representation for Binance “Spot & Margin Trading” permission expiration time for API keys that include IPs
- Resolved issue with wrong expiration dates for Binance

Nov 30, 2022
- Resolved an issue that allowed the duplication of an investment portfolio

Nov 29, 2022
- Resolved issue with order amount precision for Bitvavo due to recent exchange changes

Nov 28, 2022
- Adding improved security functionalities for too many failed login attempts

Nov 26, 2022
- Adding ReCaptcha when signing up through the app
- Changing loading of ROI and market ROI on the dashboard to avoid empty field

Final word

The crypto industry has awakened, and the new narrative is decentralization above all. Investors are moving funds into self-custodial wallets while companies build better DeFi solutions to enable users to experience crypto directly on the Blockchain.

The conflict between Web3 and regulators will continue in 2023, which will be one of the critical things to pay attention to as we continue our path toward mass adoption and global decentralization.

Discuss these and other news on the One Click Crypto Discord.

Max Yampolsky,
CEO at One Click Crypto
ir@oneclick.fi

DISCLAIMER:
This is not financial advice. This newsletter is strictly educational and does not provide investment advice, solicit the purchase or sale of any assets, or encourage readers to make financial decisions. Please use caution and conduct independent research.

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