BitDigest July 13 · Issue #698
- Alt-coins increase market cap as bitcoin dominance continues to weaken
- The G20 plans to draw-up a framework allowing its members to accept digital payments
- Singapore releases report on final stages of blockchain roll-out
What I Read This Weekend
- The South American nation of Uruguay was the first nation to explore the viability of a central bank digital currency in 2017 and although they developed it using their local mobile phone network instead of on a decentralized ledger, the system appears to have been successful.
- Ripple’s Executive Chairman has initiated a program to fund the installation of high definition security cameras across San Francisco to enable local communities to monitor and police their neighborhoods.
- In an interview with the US Secret Service, Forbes reports the cryptocurrency is only an ‘element’ of a crime, not its own separate ‘category’, and it is not relevant to the prosecution whether cryptocurrency is involved. only an ‘element’ of a crime, not its own separate ‘category’, and it is not relevant to the prosecution whether cryptocurrency is involved
The Headlines
G20 to Lays Regulatory Groundwork for Digital Payments
Singapore Readies Blockchain Payments System for Commercial Rollout
OCC Launches Program to Promote Financial Inclusion in Capital Markets
Judge Rules Telegram Case has no Precedence on KIK
Data on Russia’s E-Vote Participants Leaked
Coinbase to Hold Investor Day in August
Market Data
Signature and SVB Helped Most Crypto Firms Access PPP Program
$24 Million Stolen in Bitcoin Scams Over First Half of Year
Daily Activity in Blockchain Gaming Down in 2020
Reports you may have missed
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC1.36% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH1.18% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL2.98% has shown remarkable resilience amid the turmoil, now...
Tether Outlines New Organizational Structure, Aptos Partners with Microsoft, Brevan Howard, and SK Telecom
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...
Risk assets remain under pressure as the DXY's relentless rally has continued, now approaching its 2023 highs, currently at 106.5. Rates continue to move higher, with the 10Y now reaching a new year-to-date high of 4.7%. Gold continues its upward march amid persistent geopolitical tensions. Crypto remains weak in the face of rising rates, geopolitical risks, and tax season. $BTC continues to range between $61K and $63K following yesterday's afternoon...
