The Digital Assets report 26
What happened last week ?
- Germany Opens Floodgates to Bitcoin Investing
- SoftBank invest 200M in Mercado Bitcoin
- Andreessen Horowitz launches a $2.2 billion crypto fund
- Swarm Markets claims "the world’s first" regulated DeFi platform
- $3.6Bn in Crypto Missing from Africrypt Exchange
- El Salvador’s Resident Are Eligible to Receive $30 in BTC
- Coinbase Enters Japanese Market & Germany
- Bank International Settlement (BIS) explores identity for central bank digital currencies
- Mining Utilizes Waste to Make More Money
Business
Germany Opens Floodgates to Bitcoin Investing
As much as €350 billion can start entering the crypto market this Thursday after a law passed earlier this year comes into force in Germany.…
Brazil Crypto Exchange Mercado Bitcoin Raises $200M - CoinDesk
Mercado Bitcoin, a Brazil-based crypto exchange, raised $200 million from Softbank as it contemplates acquisitions in other LatAm nations.
Grand Theft Crypto: Cajee brothers vanish from SA along with R51 billion in Bitcoin
Raees and Ameer Cajee may be at the centre of one of SA’s biggest financial scandals. The pair disappeared shortly after $3.6bn of their investors’ Bitcoin was stolen from their Africrypt exchange.
BaFin-regulated decentralised exchange Swarm market opens for business
Swarm Markets, which operates the world’s first regulated decentralised trading exchange (DEX), today launches with over $15 million pledged from more than 250 individuals signed up to its liquidity provider programme.
a16z crypto fund III
Andreessen Horowitz announces a new $2.2 billion crypto fund to continue investing in crypto networks and the founders and teams building in this space.
Central bank digital currencies herald a new chapter for the monetary system
Press Release on the pre-release of one chapter of the Annual Economic Report of the BIS, 23 June 2021. Central bank digital currencies (CBDCs) open a new chapter for money grounded on trust in the central bank. As a technologically advanced representation of money, a CBDC can further the public in…
Central bank digital currencies get full BIS backing
The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money.
How Tyler Winklevoss plans to go green with Bitcoin
Bitcoin is in the green in more ways than one. The price is up today, and some heavy hitters are looking to decrease its carbon footprint.
China’s Bitcoin crackdown drives miners toward freewheeling Texas
Heavily deregulated state struggles with severe power supply issues
China’s BTC Mining Ban Is a Boon Elsewhere | David Z. Morris- CoinDesk
Miners outside of China are getting a financial boost from their competition’s forced exile. Will the trend continue?
Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan - CoinDesk
Chinese bitcoin mining firm BIT Mining delivered its first batch of machines to Kazakhstan after its operations were suspended in Sichuan.
MARKETS
Crypto Charts 21
bitcoin BEARISH short term chartLast week we expected a sell off as we said we > would look for lower targets now towards the 20k level.’ Last weeks bullish view is coming under pressure as we trade just 700 pips awayfrom the 30930 which must hold to remain plausible. A break of that levelfollo…
Bitcoin’s Sliding Put-Call Ratio Points to Weakening Bearish Sentiment: Analysts - CoinDesk
Bitcoin’s put-call open interest ratio has slipped to six-month lows, indicating an ebbing of bearish sentiment.
Willy Woo: ‘Rick Astley’ hodlers a key force again, and on-chain signals suggest ‘recovery’
Willy Woo believes that Bitcoin is still in a bull market as accumulation continues at current levels.
REGULATION
Biden Administration Has Lost the Plot on Crypto Regulation - CoinDesk
The White House and Congress have yet to offer policy clarity for the crypto industry. Their agenda isn’t focused on innovation and growth.
South Africa Moves to Tighten Crypto Regulation After Scams
(Bloomberg) -- South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams. A new regulatory timeline foresees finalizing a framework in three to six months, after the publication of proposals earlier in June that requires public comment befo…