BitDigest June 29 · Issue #689
- Bitcoin price holds above $9,000 over weekend
- China admits DCEP will help monitor outflow of capital
- South Korea developing its own crypto and blockchain analysis software
Obstacles to Blockchain Adoption
Forbes released a read-worthy article identifying interoperability between blockchains and questions in governance structures as two main obstacles to companies using blockchain for auditing and reporting.
Complete Crypto Startup School Curriculum Now Available
The final two videos have been released in Andreessen Horowitz’s (a16z) Crypto Startup School. The acting Comptroller of the Currency Brian Brooks – this was likely filmed while he was still Chief Legal Officer at Coinbase – speaks about crypto regulation and token securities, and Variant General Partner / former a16z Partner Jesse Walden speaks about fundraising. In total 14 videos and accompanying readings have now been posted by a16z as the leading venture capitalist chose to move from a private class and training structure and share its newly developed course contents with anyone for free in an effort to promote crypto and blockchain education and help develop new talent in the sector.
The Headlines
China Using CBDC to Help Limit Capital Flight
Buy Bitcoin at Australian Post Offices
Chinese Province Develops Blockchain-based Public Resource Bidding Platform
Thailand Targeting Crypto Drug Gains
South Korea Developing Crypto Tracking Software
Ebang Declines in First Day of Trading
The Bitcoin Fund Adds $10 million in Shares
BHP Completes Blockchain Trade
SBI to Offer Crypto Fund Heavily Weighted to XRP
Exchange, Custody and Product News
BitFlyer Holds Virtual Shareholders Meeting With Blockchain Voting App
BCH Can Now Be Sent Via Email
BitMEX Opens Corporate Accounts
Reports you may have missed
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 BTC0.58% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC0.58% continued its upward trend over the weekend, now trading just below $66k. ETH1.09% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL2.80% , 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. BTC0.58% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH1.09% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL2.80% 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...
