BitDigest October 13 · Issue #761
- Bitcoin breaks back and gaining support above $11,000
- G7 leaders plan to denounce efforts by Libra without greater regulation
- The Bank of Japan plans to begin testing CBDC by early 2021
Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies has moved up, gaining 9 points this week, brining the index out of its ‘neutral’ level back into a ‘greed’ position. The index is at its highest level since the early September drop.
Where was China in BIS Announcement?
China’s South China Morning Post reported on the announcement of last week’s BIS working group on central bank digital currencies (of which China is a member) by questioning the Bank of China’s conspicuous absence from this discussion. “The People’s Bank of China (PBOC) was conspicuously absent from the international group, despite China being a world leader in testing its own digital sovereign currency,” the report said.
The Headlines
G7 to Oppose Libra Without Proper Regulation
BOJ to Start CBDC Trials Early Next Year
Japan Needs to Revise BOJ Mandate Before Issuance of CBDC
BoE Governor Sees Little Intrinsic Value in Bitcoin
End-To-End Encryption Is Threat to Public Safety
Bitcoin Sent to All Members of Spain's Lower House of Parliament
Grayscale Ethereum Trust Becomes SEC Reporting Company
OneCoin the Movie
Market Data
September BTC Volatility was Down and Up
Blockchain Could Add $1.76 Trillion to Global GDP
Exchange, Custody and Product News
Coinbase to Allow Crypto Purchases Directly in Digital Wallet
Gemini Latest to Partner with BCB Group
Kraken Adding Filecoin
Thoughts on the Ecosystem
Bitcoins May Benefit from Biden Victory
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-5.52% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-8.70% , 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-5.52% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-8.70% has shown remarkable resilience amid the turmoil, now...
