BitDigest November 19 · Issue #788

• Crypto prices hit resistance after recent run-up but showing upward move at end of Asian trading day
• Thailand adjusting net capital requirements to protect traders on digital exchanges
• The Chief Economist of the Bank of England’s says that digital currencies could eliminate the need for negative interest rates

Weekly Stock Review

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

• Grayscale’s Litecoin Trust (OTCQX: LTCN) with its 3335% premium to NAV was the top performing crypto asset in the North America equity universe jumping 104% on extremely low volumes.
• Galaxy Digital (TSX: GLXY) had a very big week, announcing record high trading volumes of $1.4 billion drove quarterly income to $44.5 million, the acquisition of two leading cryptocurrency trading firms, and plans to file an IPO for a closed-end investment bitcoin fund in Canada.
• TAAL Distributed Information Technologies (CSE: TAAL) is going to establish BitcoinSV hosting capacity in North America with the addition of 175 PH of computing power by the first quarter of 2021.
• Bit Digital (NASDAQ: BTBT) entered into an asset purchase agreements to acquire $13,903,088 worth of bitcoin miners with total hash power capacity of 1,000 Ph/s.
• Canadian crypto miner Hut 8 Mining Corp (TSX: HUT) reported quarterly revenues of $5.8 million against a net loss of $900 thousand in Q3.
• Bitcoin miner Marathon Patent Group  (NASDAQ: MARA) reported revenue of $835 thousand with a net loss of $1.9 million during the third quarter.
• Shares in Ebang International (NASDAQ: EBON) was the worst performer this week dropping 9.1%.
• Bitcoin returned 13.4% this week compared to a mean return of 17.2% and medium return of 10.3%

The Headlines

Exchange, Custody and Product News

Digital Diversions