BitDigest December 2 · Issue #795
- Crypto prices facing resistance at current levels
- Russia opposes issuance of ruble-backed stable coins
- Libra rebrands as “Diem”
An Uninspiring Beginning
Bitcoiners often talk about meaning behind the message hidden in the genesis block: “Chancellor on brink of second bailout for banks” referring to a Times of London headline from the day the first block was mined so with the first block of Ethereum 2.0, it was hoped that an inspirational message would be included, or as Ethereum founder Vitalik Buterin said, “something profound… about giant leaps for mankind.” Unfortunately, the first block validated by a developer known as Mr. Fahrenheit, was much more trivial: “Mr F was here.”
The Headlines
Bank of Russia Sees Crypto Ruble as Only Option
Libra is Now 'Diem'
Coinbase Helped MicroStrategy BTC Purchases
Chinese Send Plus Token Leaders to Jail
Hackers Adding XMR Malware
BlockFi Issues Credit Card
Bitcoin And Blockchain Leaders Named to Forbes 30 Under 30 List
Market Data
17% of PayPal Users Have Already Traded Bitcoin
Kraken's Users Bullish for BTC and ETH, Less for DeFi
Exchange, Custody and Product News
ErisX Introduces Bounded Futures Contracts
Coinbase Launches New Market Maker Program
Binance Adds ETH 2.0 Staking
Thoughts on the Ecosystem
Bitcoin Can Still Evolve into Larger Market
Bitcoin Could Be Banned by Government
Reports you may have missed
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Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC0.44% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-0.95% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL0.83% has shown remarkable resilience amid the turmoil, now...
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Traditional markets are finding some relief in Thursdayâs trading after four consecutive sessions of losses. The SPY and QQQ have gained approximately 0.30%, while the IWM (+0.99%) is showing outsized gains. Crypto markets are finding larger relief, with $BTC rising 3.92% to $63.7k, and $ETH gaining 2.71% to exceed $3,050. Injective ($INJ) is one of the leading tokens today, gaining 9.37% following news of a partnership with JamboPhone to bring blockchain-powered financial solutions to emerging markets. JamboPhone...
Equities and crypto assets are selling off in tandem today as inflation and geopolitical fears have spooked risk assets. The SPY and QQQ have decreased by 0.46% and 0.92%, respectively, while crypto is selling off more aggressively. $BTC (-5.49%) has tested the high $59,000s and $ETH (-4.42%) is trading below $3,000. Among a sea of red, $SUI is showing relative strength, gaining 6.44% on the back of a partnership announcement with...
