BitDigest May 13 · Issue #657
- Bitcoin remains positive in followup to Halving
- The Bank of England says it will not allow technology to dictate the design of a CBDC design, but adhere to its prevailing design and principles
- Telegram announced it is ending development on the TON Network
Technical Roundup Analysis
Bitcoin tested but was unable to break the past $9,600 resistance suggesting further retracement could occur at the $7,860 – $8,050 level. Technical Roundup is neutral on bitcoin at the current moment.
Importance of Grayscale
Yesterday Grayscale Investments added 2000 bitcoin to its holdings. As Cosima Capital reports, Grayscale’s ongoing purchases is a “very important piece of bitcoin’s price. BTC’s daily inflation was just cut in half from 1800 to 900 BTC per day and GBTC bought 2000 BTC today – thats like buying 2 days worth of new coins effectively making bitcoins inflation rate 0!”
The Headlines
Bank of England Will Not Allow Technology to Dictate Design of Digital Pound
Mauritius Developing CBDC
PBoC Warns Against Illegal Crypto and Blockchain Fundraising
Austrian Will Use Blockchain to Identify Wasted Energy
Brazilian Political Party Calls Cryptocurrencies ‘Fools Gold’
IRS Looking for Help with Crypto Tax Audits
JPMorgan Offers Banking Services to Crypto Exchanges
Telegram Abandons TON Platform
Early Investors Increase Claim Against BitMEX
CipherTrace to Help Governments Develop CBDCs
Ripple is Getting into Lending Business
Bitcoiners Have a Friend on CNBC
Market Data
Stablecoin Usage by Geography and Market Time
Trust in Crypto is Growing
Exchange, Custody and Product News
Binance Introduces Own Leveraged Tokens
Reports you may have missed
Tether Outlines New Organizational Structure, Aptos Partners with Microsoft, Brevan Howard, and SK Telecom
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