BitDigest January 20 · Issue #824
- Crypto prices fall as derivative traders questions bitcoin’s immediate return to $40,000 drawing ethereum down from yesterday’s all-time-highs
- Treasury Secretary Nominee Yellen says she has concerns over the use of cryptocurrencies in illicit activities
- The Bank of France has completed a CBDC pilot
Trump Fails to Pardon Assange and Ulbricht
Unfortunately, as I review the list of the 73 people pardoned yesterday by President Trump, neither WikiLeaks publicist Julian Assange nor Silk Road founder Ross Ulbricht were included on the list. Neither was NSA whistleblower Edward Snowden.
The Headlines
Yellen Has 'Concern' Over Crypto's Use in Criminal Activities
France Trials Digital Currency for Interbank Settlement
DFSA Highlights Crypto Regulation in New Business Plan
NHS Monitoring COVID-19 Storage Facilities on Blockchain
Crypto to be Excluded from Thailand's New Digital Asset Platform
Riot to Increase Capacity by 50%
Bit Digital Responds to Accusations
Mitsubishi Building Blockchain-based P2P Energy Trading Platform
Gaming Token Approved for Japan
Mergers & Acquisitions
Coinbase Acquiring Bison Trails
Market Data
Crypto Role in Criminal Activity Falls in 2020
Grayscale Owns 3% of all Bitcoin in Circulation
Exchange, Custody and Product News
Gemini Completes SOC 1 Type 2 and SOC 2 Type 2 Examinations
Reports you may have missed
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 BTC-4.10% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC-4.10% continued its upward trend over the weekend, now trading just below $66k. ETH-3.69% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-7.03% , 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...
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC-4.10% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-3.69% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-7.03% has shown remarkable resilience amid the turmoil, now...
