BitDigest April 2 · Issue #628
- Crypto markets show small improvement overnight with 3.8% gain
- FATF identifies need for US to improve AML practices
- Spain warns 60,000 individuals to pay crypto taxes
Given the economic and social situation we are facing, there was understandably not as many April Fool’s Jokes as in prior years, but here is one from Bitfinex which made me laugh.
Bitcoin never sleeps so why should you?
— Bitfinex (@bitfinex) April 1, 2020
Introducing The Bitfinex energy drink, coming soon! 😎 pic.twitter.com/srec6JQXlh
The first response was just as good.
— BsvTheRealBitcoin (@BsvMoonCat) April 1, 2020
The Headlines
FATF Finds US Compliance with AML Recommendations Requires Improvement
Spanish Revenue Service Begins Warning Individuals to Pay Taxes on Crypto Income
Judge Says GRAM Injunction Extends to Non-US Investors
Lawyers Argue Case Against Ripple Holds Even if XRP is Not a Security
Crypto Maleware Running on MS-SQL Servers
Crypto ATMs Shutting Down to Limit Spread of Coronavirus
Hitachi to Offer PegaSyS Blockchain Solution in Japan
Exchange, Custody and Product News
Binance to Offer Mining Pool Services
Huobi Wallet Starting Lending Program
Thoughts on the Ecosystem
Response to QE, Save 'Bitcoin – People's Money'
Reports you may have missed
MARKET COMMENTARYU.S. EQUITIES ARE RELATIVELY FLAT AS THEY CONSOLIDATE ABOVE PRIOR ALL-TIME HIGHS. THE SPX IS TRADING AT 5,300, AND THE NDQ IS HOVERING NEAR $18,600, WHILE THE DXY 0.00% (-0.07%) IS SHOWING A SLIGHT DECLINE, TRADING AT $104.4. Crypto assets are showing strength, with BTC 0.35% rising 2.84% to $67.1k and ETH 0.49% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO 0.14% and PENDLE 12.47% have gained 10.11% and 13.43%, respectively. Similarly, layer-2...
CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY 0.00% . BTC 0.35% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 0.49% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL 5.12% works to regain the $160 level....
MARKET COMMENTARYINVESTORS WELCOMED THIS MORNING’S SLIGHTLY SOFTER THAN EXPECTED CPI DATA AND A LARGE DOWNSIDE MISS ON U.S. RETAIL SALES, ALLEVIATING INFLATION CONCERNS AND HELPING TO PROPEL STOCK INDICES TO NEW INTRADAY ALL-TIME HIGHS. The SPY 0.14% and QQQ -0.07% have gained over 1% to surpass $528 and $451, respectively, while US treasury rates have turned significantly lower, with the US10Y dropping below 4.34%. Crypto is responding in similar fashion with BTC 0.35% ...
Tornado Cash Developer Sentenced to 5 Years in Prison, LayerZero Succeeding Against Sybils
CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY 0.14% has gained 0.17% and the QQQ -0.07% has gained 0.31%. Crypto assets are...