BitDigest December 10 · Issue #801

• Digital currency prices relatively flat over 24-hours
• Congressional leaders write to the SEC and Treasury showing support for crypto industry
• Venezuelan Central Bank sources suggest Maduro is using bitcoin to facilitate trade

Weekly Stock Review

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

• Hive Blockchain (TSX: HIVE.V) was the top performing asset over the past 7-days returning 13.4%
• Marathon Patent Group (NASDAQ: MARA) announced new purchases of 10,000 ASIC miners and the development of a new 100MW data center in the North East.
• Riot Blockchain (NASDAQ: RIOT) files $200M mixed securities shelf of indeterminate amount
• Bit Digital (NASDAQ: BTBT) completed the acquisition of $13,902,742 worth of bitcoin miners with total hash rate of 1,003.5 Ph/s
• The Bitwise 10 Crypto Index Fund (OTCQX: BITW) began trading yesterday jumping 15.19% as the diversified crypto index’s premium to NAV closed at 79.9%.
• Galaxy Digital Holdings (TSX: GLXY.TO) reported AUM of C$572.7M vs prior month C$446.3M
• Bitfury announced plans to sell its remaining stake (38%) in Hut 8 (TSX: HUT)
• Crypto exchange Diginex (NASDAQ: EQOS) reported a 34.6% loss making it the worst performing asset among the tracked North American equity universe.
• Bitcoin lost 3.4% this week, outperforming the market which reported a mean return of -11.8% and median of -12%

What I’m Watching

👀Next week, December 15th, is the latest self-imposed deadline for the Mt. Gox rehabilitation plan. The long-delayed plan – which could still be delayed – is expected to provide details on the distributions and possible sale of 137,891 bitcoin that were lost during the 2014 Mt. Gox collapse. In context the bitcoin, with a current valuation of approximately $2.5 billion, is the equivalent of over 153 days of new bitcoin generation.

The Headlines

Market Data

Thoughts on the Ecosystem