BitDigest July 13 · Issue #698

Jul 13, 2020
  • Alt-coins increase market cap as bitcoin dominance continues to weaken
  • The G20 plans to draw-up a framework allowing its members to accept digital payments
  • Singapore releases report on final stages of blockchain roll-out
BitDigest July 13 · Issue #698

What I Read This Weekend

  • The South American nation of Uruguay was the first nation to explore the viability of a central bank digital currency in 2017 and although they developed it using their local mobile phone network instead of on a decentralized ledger, the system appears to have been successful.
  • Ripple’s Executive Chairman has initiated a program to fund the installation of high definition security cameras across San Francisco to enable local communities to monitor and police their neighborhoods.
  • In an interview with the US Secret Service, Forbes reports the cryptocurrency is only an ‘element’ of a crime, not its own separate ‘category’, and it is not relevant to the prosecution whether cryptocurrency is involved. only an ‘element’ of a crime, not its own separate ‘category’, and it is not relevant to the prosecution whether cryptocurrency is involved 

The Headlines

Market Data

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 1.12% falling to $60k and ETH 1.48% approaching the low $2,300s. Aptos (APT -1.53% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 4.46% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 1.12% climbing back above $61,000 and SOL 6.81% moving above $145, while ETH 1.48% is lagging, trading around $2,400. Among today's outperformers is SUI 4.47% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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