BitDigest August 11 · Issue #718
- Crypto pricing holding as bitcoin and ether struggle to break resistance at $12,000 and $400 levels
- Ireland plans to approve a new anti-money laundering bill that will require new regulations for crypto service providers
- Facebook has introduced an internal payment’s initiative that will place all payment applications under the direction of Libra’s David Marcus
Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies has reached its highest level in 13 months, gaining 12 points this week.
The Headlines
Ireland Finalizing Bill Following EU Money Laundering Directive
Russia Developing Crypto Analytics System
Australia Working With Rugby League on Blockchain Authenticity Platform
Facebook Announced New Payments Initiative Led by Libra's David Marcus
Mitsubishi Launching Supply Chain Platform
Grayscale New Ad Calls Viewers to "Go Digital"
CZ Blocked from Investing in Union Bank
Market Data
Bitcoin Flows Dropping
Kraken Releases July 2020 Bitcoin Volatility Report
Exchange, Custody and Product News
Binance Launches New Perpetual Futures Contracts
Reports you may have missed
CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE 4.58% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC 1.28% briefly moving above the $68k level, ETH 0.96% rebounding sharply to $3,250, and SOL 3.50% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...
CRYPTO MARKET UPDATE CRYPTO WAS CERTAINLY LOOKING STRONG RELATIVE TO EQUITIES YESTERDAY UNTIL ASIAN MARKET HOURS COMMENCED. Shortly after the HK market opened, we saw increased sell pressure and approximately $100 million in liquidations across all crypto assets, bringing BTC 1.28% down to below $64,000, ETH 0.96% down to $3,150, and SOL 3.50% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....
CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC 1.28% and many altcoins in the green. BTC 1.28% briefly rallied above $67k but has since drifted back down...
CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 0.96% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 1.28% to Bitstamp, leaving about 90k BTC 1.28% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 1.28% is trading around $66.5k,...
