BitDigest April 19 · Issue #883

• Cryptocurrencies recovering following weekend crash caused by traders liquidated bitcoin options following Coinbase IPO and announcements regarding Turkey banning bitcoin payments and temporary shutdown of Chinese mining rigs for safety precautions
• PBoC calls bitcoin an ‘investment alternative’
• Bank of England to lead UK CBDC task-force

Coinbase Direct Listing

I am a bit surprised by all of the reports, comments and tweets regarding the sale of COIN following the directly listing of Coinbase. This was a direct listing so there should be no surprise that senior management and early investors sold shares in the company.

The Headlines

Market Data

Thoughts on the Ecosystem