BitDigest March 19 · Issue #618
- Crypto markets are late to celebrate St. Patrick’s Day, but shining green this morning. Excluding dollar pegged stable coins, the top 50 digital currencies on Coinmarketcap.com are all in positive territory over 24-hours
- Singapore’s financial watchdog has released updated AML guidelines covering virtual assets
- South Korea and Canada are preparing own oversight regimes ahead of the G7’s upcoming FATF implementation deadlines
Every few days I ending up talking about one of the North American public companies participating in the digital currency ecosystem. While I will continue to report on their respective corporate announcements, I am going to start providing the following basic chart every week to show key market data. I am happy to consider adding names to this list.
The Headlines
Singapore Updates AML Crypto Guidelines
Canada to Increase Crypto Oversight and Surveillance
South Korea Preparing for FATF Crypto Framework
Hawaii Launched Digital Currency Innovation Lab
Gemini Growing European Team
Market Data
Bitcoin Activity Increasing
Competition Among Miners Increasing as Pool Dominance Subsides
Exchange, Custody and Product News
Huobi to Eliminate Sudden Liquidations of Leveraged Positions
BitGo Increasing Insurance Coverage Over $100M
Binance Introduces Peer-to-Peer Trading for South American Currencies
Thoughts on the Ecosystem
BitMEX Questions Regulatory Approval of Central Bank Digital Currencies
Bitcoin Will Still 'Moon'
Reports you may have missed
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. $BTC briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. $ETH followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. $SOL has shown remarkable resilience amid the turmoil, now...
Tether Outlines New Organizational Structure, Aptos Partners with Microsoft, Brevan Howard, and SK Telecom
Traditional markets are finding some relief in Thursdayâs trading after four consecutive sessions of losses. The SPY and QQQ have gained approximately 0.30%, while the IWM (+0.99%) is showing outsized gains. Crypto markets are finding larger relief, with $BTC rising 3.92% to $63.7k, and $ETH gaining 2.71% to exceed $3,050. Injective ($INJ) is one of the leading tokens today, gaining 9.37% following news of a partnership with JamboPhone to bring blockchain-powered financial solutions to emerging markets. JamboPhone...
Equities and crypto assets are selling off in tandem today as inflation and geopolitical fears have spooked risk assets. The SPY and QQQ have decreased by 0.46% and 0.92%, respectively, while crypto is selling off more aggressively. $BTC (-5.49%) has tested the high $59,000s and $ETH (-4.42%) is trading below $3,000. Among a sea of red, $SUI is showing relative strength, gaining 6.44% on the back of a partnership announcement with...
Risk assets remain under pressure as the DXY's relentless rally has continued, now approaching its 2023 highs, currently at 106.5. Rates continue to move higher, with the 10Y now reaching a new year-to-date high of 4.7%. Gold continues its upward march amid persistent geopolitical tensions. Crypto remains weak in the face of rising rates, geopolitical risks, and tax season. $BTC continues to range between $61K and $63K following yesterday's afternoon...