BitDigest November 12 · Issue #783

• Bitcoin holding above $15,500 as crypto markets inch down overnight
• Members of Congress write letter questioning the Office of the Comptroller of the Currency’s ‘unilateral’ focus and support for digital assets
• Pakistan is latest nation to identify need for domestic crypto framework

Weekly Stock Review

Highlights from the North American listed crypto, blockchain and mining stocks:

• Chinese miner Canaan (NASDAQ: CAN) was the top returning crypto equity in North American markets this week returning 23%.
• Galaxy Digital Holdings (TSX: GLXY.TO) reported a month-over-month increase assets under management of 9.5% bringing their total AUM to C$446.3 million.
• Riot Blockchain (NASDAQ: RIOT) reported Q3 revenue of $6.7 million, a year-over-year increase of 19.6% with a loss of $16.6 million.
• Hive Blockchain (TSX: HIVE.V) announced a capital expenditure of $3.4 million to purchase 1,240 MicroBT WhatsMiners with an aggregated hashing power of 113 Phash/s.
• Another Chinese miner, Bit Digital (NASDAQ: BTBT) has been added to the weekly stock tracker and generated the worst return this week at negative 9%. BTBT announced the issuance of $13.9 million in ordinary shares at a price of $3.20 in exchange for 1,000 Phash/s in new hashing power.
• The Bitcoin Fund (TSX: QBTC) completed a treasury offering raising gross proceeds of C$25.2 million.
• Bitcoin returned 11% over the past 7 days compared to a mean return of the above equities of 6.4% and median of 4.1%.

The Headlines

Market Data

Exchange, Custody and Product News

Thoughts on the Ecosystem