Month in Review — February 2021
A summary of hot crypto winter
Welcome to Month in Review, where the team behind STASIS and EURS shares our updates from the past month as well as some thoughts on key events and issues in the cryptocurrency and stablecoin space.
The Month in Review is distributed each month initially as a newsletter. You can sign up to receive it here.
Entering the influencer-driven crypto economy. Exiting the bull cycle?
The new year has started on a high note for crypto believers. Now, when we approach the first refreshing days of spring, things are looking a bit different due to expected correction. What’s up with the laser eyes? Are they going to fade? Not likely since the popularity of digital assets is growing.
Besides the advent of the Reddit community that endangered the monopoly on financial markets, one of the emerging trends during the last winter was the new rapidly increasing power of the global HNWI guys that can rock the boat of financial markets with just a few hashtags or words on Twitter.
Musk’s experiment was definitely successful, although such events may lead him to a legal dispute at the end of the day. No worries for one of the richest men on Earth though. Having ignited a jaw-dropping Doge meme coin pump, he finally joined the blue-chip club and officially declared the $1.5 Billion worth-purchase of Bitcoin by Tesla, which helped the king of crypto to climb the $50K mark finally. Other heavyweights followed the example and it seems that digital age influencers are more important than before. The top digital currency club is gaining new top players among mainstream investors and companies, from Tesla and Mastercard to Microstrategy and BlackRock.
Crypto market value crossed the $1 trillion mark for the first time last month. January and February were marked by the highest ever monthly number of unique active Bitcoin addresses. Moreover, the all-time highs of Bitcoin whales or wallets containing more than 1000 BTC have also become record-breaking!
Twitter celebrated recent Bitcoin achievements with a unique meme trend — Bitcoin enthusiasts are now “shooting for $100,000 BTC” by adding laser eyes effect to their profile pictures and photos. Among the people who joined the new hyped movement are U.S. politicians and prominent figures such as Elon Musk and Micheal Saylor!
“Bloody Monday” saw Bitcoin falling dramatically as the entire market went down. For now, it’s trading lower than the point that many corporations have purchased it in February! Some analysts suggest that enterprise power will keep it afloat, and BTC will regain its power soon. The latest news regarding MicroStrategy's additional $15M Bitcoin buy is nothing but a strong vote of confidence to others.
And what about us? We keep the tough job of remaining the beacon of stability in the crypto industry. The STASIS Team is happy to announce that the relocation to the new legal entity was completed and we enter the new season with excitement and huge plans for further developments. Let’s check up on the latest milestones!
Project News
New Sellback is Live
The wait is finally over. We welcome you to the new Sellback!
Due to the new regulatory environment conditions, your account has to be re-created from scratch. It was a tough decision, but we promise the benefits will outweigh the hassle!
Please note that all the clients who have either applied for Sellback verification during the legal entity relocation or had a verified account at Gozo before, need to go through the mandatory procedure again. Kindly upload all the required documents and go through all the steps to receive verification at SCB.io.
You are welcome to proceed through the new onboarding procedure here. Once your account is approved, please access the Sellback interface here or via STASIS Stablecoin Wallet.
Important!
Dear users! We are thrilled to inform you that registration of the new Sellback account on SCB.io is now possible with your previously used initial email! If you wish to delete your Gozo account or continue cooperation with this crypto exchange — kindly contact support@gozo.pro.
EURS x DFX
EURS has joined the new liquidity mining program. The non-dollar stablecoin market is growing at an astonishing pace. We offer an entry to a vital chapter of DeFi — join the new liquidity mining program on a decentralized exchange protocol @DFXFinance optimized for stablecoin trading!
EURS x iKing
STASIS continues to bridge the gap between decentralized finance and the off-chain market. We are excited to see more use cases for EURS and its real-world implementation into commerce. Now you can buy electronic products using EURS on iKing.io.
Worth Reading
In circumstances when some assets accumulate an enormous amount of value, risks tend to multiply. It’s worth remembering the history of the last global market collapse to realize what may lie in store for crypto if we’re not careful.
Check out the latest interview with Gregory Klumov to the French media — Cryptoast.
CEO Gregory Klumov also shared his thoughts on the state of the crypto market and the importance of Bitcoin several times, outlining its fundamental value in the modern digital economy.
Worth watching & listening
- The Stablecoin Masterclass with Gregory Klumov
Tune in to the latest podcast with Gregory and Mastermind Fm! Go ahead and listen to this monster episode and we bet you’ll have a much better understanding of stablecoins and their impact on the cryptosystem at the end!
- STASIS Stablecoin Wallet tutorial
Having trouble with understanding how to send and receive EURS? Watch the latest tutorial video to simplify your entry to crypto. Check it up right now! Like, share, and recommend our simple-to-use app to your friends!
What’s coming next?
We are thrilled to expand further into the DeFi area and proceed with vital announcements! Expect more cool news, articles, and videos next month!
Stay with the STASIS team to know our plans! Subscribe to Weekly Stablecoin Digest to stay updated on what’s coming in the crypto world, and read our “Month in Review” to read the 4-week summary of our achievements!
Moreover, make sure you subscribed to our socials on Telegram, Facebook, Twitter, and LinkedIn to stay tuned to what we’re up to!
Thanks for reading the STASIS Blog! Want to learn more about what we do? Check out our website, or download the STASIS Wallet.
