Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.
What a wrap to October; Europe is entering tighter lockdown measures and the US election will bring sweeping changes to the outlook for the US economy. Make sure to check out our new In Depth report to learn how the crypto markets may react, and how traders can prepare.
Now, on to a little less ‘boo’ and a little more ‘woo’.... Did you know Halloween marks a historical moment for Bitcoin? Crypto’s first white paper turned 12 on October 31. And on this day, Bitcoin hit its highest price since 2018.
Public records filed last week showed that crypto lender BlockFi has become one of Grayscale Bitcoin Trust’s biggest whales, holding 5.07% of its $4.8 billion Bitcoin trust. The SEC requires that companies report anything over a 5% ownership of another company using form 13-G.
The President of the European Central Bank, Christine Lagarde, has opened up the matter of a digital euro yet again. In a Twitter thread yesterday, she invited public commentary on a potential digital euro, implying the central bank is considering a retail CBDC, not just one intended for use between banks.
On Friday, we dropped a new CopperCasts episode featuring Michael Hall, the co-founder and CIO of Nickel Digital, one of the original gangsters of crypto hedge funds. Be sure to check it out if you haven't already.
And finally, this Thursday, our CEO Dmitry Tokarev is speaking at The Quant Conference, discussing whether the crypto industry has matured enough for new money to come in. Tickets are still available for the online event, and we have a few to give away – so send us a note.
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