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BitDigest April 22 · Issue #886

Apr 22, 2021
Author
Gregory Landegger
Gregory Landegger
  • Ether testing new high as bitcoin dominance falls to 50%.
  • Cuba ready to adopt digital currencies
  • US House passes law to establish digital regulatory working group
BitDigest April 22 · Issue #886

Weekly Stock Update

BitDigest April 22 · Issue #886

The Headlines

BitDigest April 22 · Issue #886

Crypto to be Adopted in Cuba's 5 Year Plan

www.decrypt.co
The newly elected government of Cuban President Miguel Díaz-Canel has adopted a proposal to include cryptocurrency as part of the “economic and social policy guidelines of the party and of the revolution” over the next five years.
BitDigest April 22 · Issue #886

House Passes Eliminate Barriers to Innovation Act

www.republicans-financialservices.house.gov
The House of Representatives passed the Eliminate Barriers to Innovation Act which requires the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector to foster innovation and provide greater clarity.
BitDigest April 22 · Issue #886

ASIC Working to Improve Financial System Through Crypto Developments

www.coinnounce.com
The Australian Securities and Investments Commission (ASIC) is seeking to work to “maintain, facilitate and improve the performance of [Australia’s] financial system and the firms that operate within it,” by using new “innovations like [DLT], or new products like various crypto asset products.”
BitDigest April 22 · Issue #886

Financial Supervisory Service Reports Increase in Crypto Fraud Cases

www.news.bitcoin.com
South Korea’s Financial watchdog reported that crypto frauds jumped 41% over the past year resulting in a government commitment to increase efforts to fight illicit crypto-related activities across the nation.
BitDigest April 22 · Issue #886

Norway Warning Crypto Investors to File Taxes

www.cointelegraph.com
Norway’s Tax Administration is warning tax payers to identify any cryptocurrency investments on their tax returns or “risk paying additional tax.”
BitDigest April 22 · Issue #886

BTBT Adding 40 MW of Processing Capacity

www.finance.yahoo.com
📈Bit Digital. (Nasdaq: BTBT) announced a new hosting agreement with Compute North that will provide BTBT with 40 MW in new mining capacity allowing the crypto miner to deploy an additional 13,000 ASIC miners.
BitDigest April 22 · Issue #886

Canaan Sells New Rigs

www.twitter.com
🐦📈Canaan (NASDAQ: CAN) announced the sale of 11,760 bitcoin miners to Australian based Mawson Infrastructure Group (OTCQB: WIZP). Terms of the transaction were not provided.
BitDigest April 22 · Issue #886

FCA Investigating Binance's Stock Tokens

www.ft.com
The UK’s Financial Conduct Authority is investigating Binance’s new issuance of stock-tokens and is seeking “to understand the product, the regulations that may apply to it and how it is marketed”
BitDigest April 22 · Issue #886

Deutsche Boerse to de-list COIN on Technical Mistake

www.reuters.com
📈The Deutsche Boerse said it would de-list Coinbase (NASDAQ: COIN) shares from the Frankfort stock exchange and Xetra trading system because the company’s shares are missing correct reference data.
BitDigest April 22 · Issue #886

NatWest Wont Work with Crypto Businesses

www.theguardian.com
Nat West is taking a “cautious approach” to digital currencies and said it has “no appetite for dealing with customers, whether taking them on as new clients or having an ongoing relationship with people, whose main business is backed by an exchange for cryptocurrencies, or otherwise transacting in cryptocurrencies as their main activity,”
BitDigest April 22 · Issue #886

Coinbase Introduces Project 10 Percent

www.blog.coinbase.com
Coinbase (NASDAQ: COIN) announced Project 10 Percent, a new internal program designed to manage our disruptive innovation bets. The “10 Percent” refers to the amount of resources the company will dedicate to support these bets in line with a philosophy that 70% of its time should be focused on core work, 20% on strategic bets, and 10% on innovative experimentation.

Market Data

BitDigest April 22 · Issue #886

Gemini Reports on US Crypto Market

www.gemini.com
Gemini has published a survey on the US crypto market finding the number of crypto investors is set to nearly double this year with female investors outnumbering men as being “crypto-curious.”

Exchange, Custody and Product News

BitDigest April 22 · Issue #886

FORTH listed on Coinbase

www.blog.coinbase.com
Coinbase is adding the Ampleforth Governance Token (FORTH) to its trading platforms (except in New York)

Thoughts on the Ecosystem

BitDigest April 22 · Issue #886

Bitcoin Could Yield More Renewable Energy

www.wintonark.medium.com
Ark Invest sees a positive side to bitcoin mining suggesting that it can increase the overall share of renewable energy provisioned to the grid, potentially further skewing both global and bitcoin mining energy toward a more renewable mix.

Daily Comic

BitDigest April 22 · Issue #886

A seat at the table – welcoming DOGE to the top 5 cryptos

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