BitDigest July 23 · Issue #706
- 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.
The Headlines
OCC Says National Banks Can Custody Crypto Assets
Russia's Lower House Passes Crypto Bill
PBoC Issues Standards for Blockchain-based Financial Applications
National Defense Authorization Act Includes Blockchain Amendments
Senate Banking Committee to Discuss Digital Dollar In Light of US-China Competition
Bank of Korea Launching Digital Innovation Department
Lithuania Issues Digital (Collector) Coin
Binance Expand Crypto Asset Trading Services in Europe
Visa Defines Values in Crypto Strategy
tZERO to List Digital Shares of St. Regis in Aspen
YouTube Looks to Toss Claims in Ripple Lawsuit
Woz Sues YouTube Over Bitcoin Giveaway Videos
Tokenization of NBA Contract Did Not Meet Expectations
Exchange, Custody and Product News
Kraken Redefines Hashrate Metric
ShapeShift Launches Mobile App
Thoughts on the Ecosystem
US Falling Behind CBDC Development
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