BitDigest September 17 · Issue #744

• Bitcoin fighting to break $11,000 level
• Australia’s Central Bank says they have no immediate need for a digital dollar
• Kraken receives US banking charter

Weekly Stock Review

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

• Chinese mining stock Ebang International (NASDAQ: EBON) is the top performer of the week generating a 8% increase in its stock price. EBON is the only company to outperform bitcoin (7.2% return) this week.
• Hive Blockchain (TSX: HIVE) reported year end results for fiscal 2020 generating income from digital currency mining – mining bitcoin (BTC), ether (ETH) and Ethereum classic (ETC) – of $29.2 million with adjusted EBITDA of $5 million. 
• TAAL Distributed Information Technologies (OTCQX: TAALF) announced the company has entered into an agreement to sell 37,500 non-operational hashing servers for $825,000 – surprising, as the company just purchased these servers in March. TAALF plans to use proceeds from the sale to purchase new state-of-the-art mining rigs.
• Galaxy Digital Holdings (TSX: GLXY.TO) reported assets under management has increased to $404.9 million.
• Grayscale Investment’s Litecoin Trust (OTCQZ: LTCN) was the worst performing stock of the week falling 12%.

The Headlines

Market Data

Exchange, Custody and Product News

Thoughts on the Ecosystem