BitDigest February 22 · Issue #846
- Crypto prices trade down after bitcoin and ether hit new highs of $58,000 and $2,000 respectively
- South Korea plans to impose crypto tax crypto on trading, gifts and inheritance
- Morocco and Nigeria say that cryptocurrencies can no longer be ignored and plan to conduct research into the issuance and regulation of digital assets
Laser Eyes Appearing on Twitter
If you looked at Twitter over the weekend you may have noticed a change to numerous profile pictures. Numerous bitcoin supporters added laser eyes to their profile pictures to signify the recent price appreciation and a laser focus on the next major target of $100,000. LaserRayUntil100K.
The Headlines
South Korea to Tax Crypto Trading, Gifts and Inheritance
Morocco Considering CBDC
Crypto Market Can No Longer Be Ignored in Nigeria
China Adding Ant and WeChat Backed Banks to Digital Yuan Trials
Coinbase's Shares Trading at $100 Billion Valuation
Third Bitcoin ETF Files in Canada
Market Data
Canadian Bitcoin ETF Breaks $400 million in AUM after 2 Days
Quarter of Americans Already Invested in Crypto
Exchange, Custody and Product News
OKCoin Delisting BCH and BSV
Thoughts on the Ecosystem
SEC is 'Dead Wrong' in Ripple Action
Money is Data that Avoids the Inconvenience of Barter
Ken Griffin Does Not See the 'Economic Underpinning' of Cryptocurrencies
Bitcoin is Not a Haven Against Inflation
Reports you may have missed
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop in META following its Q1 earnings release. Crypto markets are faring better, with BTC1.24% (-0.28%) trading at $64k and ETH1.16% ...
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, $HBAR initially doubled in price following reports that Blackrock...
Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with $RIOT, CLSK, and $MARA showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with BTC1.24% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC1.24% continued its upward trend over the weekend, now trading just below $66k. ETH1.16% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-1.99% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...
