BitDigest July 23 · Issue #706
Jul 23, 2020
Author
- Crypto prices jump based on OCC announcement and increasing interest in decentralized finance applications
- The OCC announced that US banks can now offer digital custody services
- Binance forms partnership allowing European users to trade digital assets through a German regulated entity
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Pricing of shares in Chinese bitcoin mining equipment producer Canaan (NASDAQ: CAN) jumped to a 2 month high of $2.93, while both Grayscale Investment’s Digital Large Cap Fund (OTCQX: GDLC) and Reality Shares Nasdaq NexGen Economy ETF (NASDAQ: BLCN) traded at 52-week highs this week at $6.60 and $32.40 respectively. CAN’s move saw a significant increase in average volume, spiking 174% during the week.
- Grayscale Investment announced FINRA had approved new OTC listings for its Bitcoin Cash Trust and Litecoin Trust. It is expected both offerings will begin trading in the coming weeks.
- The premium on Grayscale’s premier offering, the Bitcoin Investment Trust (OTCQX: GBTC) increased 72% this week rising from 7.2% to 12.4%.
- Riot Blockchain (NASDAQ: RIOT) announced it received 1,000 S19 Antminers, approximately one-third of its open-orders, at Coinmint’s upstate New York facility.