BitDigest May 17 · Issue #903
- Bitcoin falls to 3-month low on one word tweet from Elon Musk; BTC dominance breaks below 40%
- Argentina looking for monthly trading records from digital currency exchanges
- Iran continues to issue regulations driving mining capacity into the government’s control
Invitation to NFT Art Gallery
I have been writing about NFTs and my interest in digital art for the past few years, but many people are still having trouble understanding this new trend. My friends at Signum Growth Capital and ARK Invest are hosting a digital art gallery event looking at NFT’s and speaking to artist, developers and investors on digital platforms including Decentraland, Cryptovoxels, and Spatial Web.
Everyone is welcome. The event is this Wednesday, May 19th, starting at 4:30 PM EST and will be live streamed on YouTube and Discord for people who are unfamiliar with navigating these virtual platforms. Please RSVP if you are interested so the live stream details can be forwarded.
The Headlines
Argentina Requiring Crypto Exchanges to Disclose Customer Data
Unauthorized Iranian Household-Miners to be Fined
Russia Will Not Provide Open Access to Blockchain Voting Records
Musk 'Indeed' Tweet Starts Weekend Sell Off
Square Remains 'Forever' Committed to Bitcoin
BME to Pilot SME Financing on Blockchain
Greenidge Mining Operations to Become Carbon Neutral
DarkSide Operations Shuttered
Dapper Labs Accused of Breaking US Security Laws
Market Data
Size of Average Ransom Payment Request Increased Over Past Year
US' Largest Mining Operation Already Carbon Neutral
Exchange, Custody and Product News
Anchorage Adds AAVE, BAL, NXM, UNI and YFI
Thoughts on the Ecosystem
Tether Reserve Report Caused Market Sell Off
Daily Cartoon
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 BTC0.31% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC0.31% 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. SOL3.20% , 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. BTC0.31% 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. SOL3.20% 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...