LUNA Shoots for the Moon, Bitcoin, and Others Suffer

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LUNA enjoyed the greatest price increase last week, with its value rising 32.3%, allowing it to reach all-time highs. Just behind it were MATIC (up 11.1%), STX (up 8.9%), and LEO (up 6.9%).

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These might seem like modest increases compared to how well the best-performing cryptocurrencies have fared in previous weeks, but that’s because the crypto market overall had a tough week, with most cryptocurrencies dropping.

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The major cryptocurrencies were among the fallers, including ETH (down 5.2%), BTC (down 15.1%), and SOL (down 8.9%). It could be a good opportunity to take advantage of swings for those with the right trading strategy, but it’s not for the faint of heart.

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But despite a disappointing week for its price, there are still signs that bitcoin is edging toward mainstream acceptance. None other than Goldman Sachs has begun to explore the possibility of offering loans that accept bitcoin as collateral.

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The firm has been researching how it can integrate bitcoin into its strategy for a while, and bitcoin-backed loans would allow Goldman to use cryptocurrencies without having to touch bitcoin directly or include it on their balance sheets.

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Square already accepts bitcoin payments but has recently announced plans to launch its own decentralized exchange to incorporate a wider range of currencies. However, Twitter won’t be left in the dust and Twitter CEO Parag Agrawal already plans to head a cryptocurrency strategy.

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Mercado Pago, the payment provider for the Latin American e-commerce giant Mercado Libre, has unveiled plans to incorporate blockchain infrastructure from Paxos, which will allow its customers to buy and sell cryptocurrencies within Mercado Libre.

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A somewhat more modest funding round that took place last week was that of AAG Ventures, which raised $12.5 million to create a new play-to-earn (P2E) platform.

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Its project lets players earn crypto as a reward for learning skills, whether computer programming or languages — and they can join different guilds to accelerate their learning. AAG has launched just four months ago, and since then it’s expanded to seven countries and attracted 2,000 players.

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Swipe Up to Read More about LUNA Shoots for the Moon, Bitcoin, and Others Suffer

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