BitDigest November 24 · Issue #791
- Bitcoin looking to break $19,000 as ether jump above $600
- The US may have overlooked the ability to seize millions of dollars in forked coins as part of the recent $1 billion Silk Road seizure
- The IRS is issuing incorrect tax discrepancy statements to Coinbase traders
Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies remains in the “extreme greed” zone and is up 2 points to 88 since last week, but has fallen 2 points over the past 24-hours. Over the past 7 days, the index has fluctuated between 86 and 94 as it attempts to regain the June 2019 all-time-high of 95. Unlike prior periods where retail investors drove the run-up in bitcoin, I expect activity to weaken with the index stable over the shortened US holiday week as institutional traders lean to “hodl.”
The Headlines
US Officials Overlook Value of Forked Coins in Silk Road Seizure
IRS Issuing Incorrect Discrepancy Reports to Coinbase Traders
CBDC to Offer Solution to New Payment Monopolies
Embedded Supervision Could Benefit CBDCs
PayPal Looking to Help Bolster Utility of Digital Assets
HIVE to Possibly Acquire 50MW Operation in New Brunswick
SBI Group Launches Bitcoin Lending Services
Market Data
Coinbase has $20 Billion in Crypto Assets Under Custody
Winklevi Tweet Great Market Insight
Exchange, Custody and Product News
Kraken Adds New Trading and Staking Assets
Thoughts on the Ecosystem
Institutions Will Shut Out Bitcoin's Retail Investors
Schiff Wants PayPal to Ad Gold Instead of Bitcoin
Reports you may have missed
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Tether Outlines New Organizational Structure, Aptos Partners with Microsoft, Brevan Howard, and SK Telecom
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