BitDigest September 3 · Issue #735
Sep 3, 2020
Author
- Crypto prices slide yesterday in late morning trading
- Senate Banking Committee wants clearer regulations for national banks to use digital currencies and blockchain for payments
- Congressional leaders ask Trump Administration to use blockchain technology to support COVID-19 assistance programs
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Hive Blockchain Technologies (TSX: HIVE.V) is the top performing stock this week posting a 9.4% return.
- Canaan (NASDAQ: CAN) reported Q2 revenue of $25 million, down 26% year-over-year.
- Hut 8 Mining Corp (TSX: HUT) announced that it has formally taken over site management at its Drumheller, AB operation from the Bitfury Group.
- The premium to NAV for the Grayscale Ethereum Trust (OTCQX: ETHE) has continued to decline and is now just under 33%, falling 59% compared to last week.
- Although the Grayscale Litecoin Trust (OTCQX: LTCN) posted the same price as last week, its net asset value declined slightly boosting its premium to NAV to 674%
- The Grayscale Bitcoin Cash Trust (OTCQX: BCHG) is the worst performer falling 26%.